Envela Total Liabilities vs Debt Non Current Analysis

ELA
 Stock
  

USD 8.00  0.14  1.78%   

Envela Corp financial indicator trend analysis is much more than just examining Envela Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Envela Corp is a good investment. Please check the relationship between Envela Corp Total Liabilities and its Debt Non Current accounts. Continue to Investing Opportunities.

Total Liabilities vs Debt Non Current

Total Liabilities vs Debt Non Current Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Envela Corp Total Liabilities account and Debt Non Current. At this time, the significance of the direction appears to have strong relationship.
The correlation between Envela Corp's Total Liabilities and Debt Non Current is 0.78. Overlapping area represents the amount of variation of Total Liabilities that can explain the historical movement of Debt Non Current in the same time period over historical financial statements of Envela Corp, assuming nothing else is changed. The correlation between historical values of Envela Corp's Total Liabilities and Debt Non Current is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Liabilities of Envela Corp are associated (or correlated) with its Debt Non Current. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Debt Non Current has no effect on the direction of Total Liabilities i.e., Envela Corp's Total Liabilities and Debt Non Current go up and down completely randomly.

Correlation Coefficient

0.78
Relationship DirectionPositive 
Relationship StrengthSignificant

Total Liabilities

Deferred Income Tax is recorded on Envela Corp balance sheet and a result of income already earned and recognized for accounting, but not tax, purposes. Also, differences between tax laws and accounting methods can result in a temporary difference in the amount of income tax payable by a company. This difference is recorded on Envela Corp books as deferred income tax. Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Principal components are Total Debt; [DeferredRev]; Trade and Non Trade Payables; Deposit Liabilities; and Tax Liabilities.

Debt Non Current

The non-current portion of Total Debt reported if the company operates a classified balance sheet that segments current and non-current liabilities.
Most indicators from Envela Corp fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Envela Corp current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Continue to Investing Opportunities.Envela Corp Issuance Repayment of Debt Securities is projected to based on the last few years of reporting. The past year's Issuance Repayment of Debt Securities was at 2.99 Million. The current year Enterprise Value over EBITDA is expected to grow to 11.14, whereas Net Loss Income from Discontinued Operations is forecasted to decline to (92.1 K).
 2019 2020 2021 2022 (projected)
Interest Expense414.96 K620.5 K704.05 K595.98 K
Gross Profit16.26 M23.07 M31.22 M25.95 M

Envela Corp fundamental ratios Correlations

0.961.00.950.890.770.810.970.950.840.63-0.880.630.980.270.81-0.510.980.95
0.960.950.950.840.770.730.950.930.840.62-0.810.610.930.310.73-0.60.920.9
1.00.950.950.90.750.820.950.930.810.65-0.870.640.980.250.82-0.480.990.94
0.950.950.950.850.830.730.950.940.760.6-0.740.60.910.210.73-0.70.910.88
0.890.840.90.850.810.910.860.880.690.9-0.80.90.87-0.060.91-0.530.880.89
0.770.770.750.830.810.630.810.810.570.66-0.640.660.70.170.63-0.750.720.76
0.810.730.820.730.910.630.790.790.560.85-0.790.850.78-0.241.0-0.40.810.85
0.970.950.950.950.860.810.790.950.830.61-0.860.610.890.220.79-0.610.920.92
0.950.930.930.940.880.810.790.950.80.67-0.850.670.90.120.79-0.660.890.96
0.840.840.810.760.690.570.560.830.80.4-0.840.390.80.440.56-0.280.830.79
0.630.620.650.60.90.660.850.610.670.4-0.581.00.62-0.410.85-0.50.610.7
-0.88-0.81-0.87-0.74-0.8-0.64-0.79-0.86-0.85-0.84-0.58-0.58-0.86-0.25-0.790.21-0.89-0.93
0.630.610.640.60.90.660.850.610.670.391.0-0.580.62-0.410.85-0.50.610.7
0.980.930.980.910.870.70.780.890.90.80.62-0.860.620.30.78-0.40.980.93
0.270.310.250.21-0.060.17-0.240.220.120.44-0.41-0.25-0.410.3-0.240.130.290.12
0.810.730.820.730.910.631.00.790.790.560.85-0.790.850.78-0.24-0.40.810.85
-0.51-0.6-0.48-0.7-0.53-0.75-0.4-0.61-0.66-0.28-0.50.21-0.5-0.40.13-0.4-0.37-0.49
0.980.920.990.910.880.720.810.920.890.830.61-0.890.610.980.290.81-0.370.93
0.950.90.940.880.890.760.850.920.960.790.7-0.930.70.930.120.85-0.490.93
Click cells to compare fundamentals

Envela Corp Account Relationship Matchups

Envela Corp fundamental ratios Accounts

201720182019202020212022 (projected)
Total Assets13.31 M13.02 M27 M40.58 M59.27 M63.95 M
Current Assets10.89 M11.39 M18.35 M23.51 M34.37 M28.08 M
Assets Non Current2.42 M1.62 M8.65 M17.07 M24.9 M26.87 M
Cash and Equivalents1.27 M1.45 M4.51 M9.22 M10.14 M10.94 M
Cash and Equivalents USD1.27 M1.45 M4.51 M9.22 M10.14 M10.94 M
Total Debt13.66 K2.35 K13.26 M20.22 M26.18 M28.25 M
Debt Current12.59 K2.35 K2.26 M3.27 M4.34 M4.68 M
Debt Non Current2.32 M1.07 K11 M16.95 M21.84 M23.57 M
Total Debt USD13.66 K2.35 K13.26 M20.22 M26.18 M28.25 M
Shareholders Equity7.76 M8.41 M11.19 M17.58 M27.63 M29.81 M
Shareholders Equity USD7.76 M8.41 M11.19 M17.58 M27.63 M29.81 M
Inventory8.6 M9.77 M9.51 M10.01 M14.05 M13.43 M
Total Liabilities5.56 M4.6 M15.81 M23 M31.64 M34.14 M
Current Liabilities5.56 M4.6 M4.81 M6.05 M9.8 M8.39 M
Liabilities Non Current2.32 M1.07 K11 M16.95 M21.84 M23.57 M
Trade and Non Trade Payables4.68 M3.93 M1.47 M1.51 M2.49 M2.89 M
Property Plant and Equipment Net1.69 M1.32 M3.69 M10.41 M15.5 M16.72 M
Trade and Non Trade Receivables806.98 K94.34 K3 M2.85 M7.17 M7.73 M
Accumulated Retained Earnings Deficit(32.69 M)(32.03 M)(29.25 M)(22.86 M)(12.81 M)(13.83 M)

Be your own money manager

Our tools can tell you how much better you can do entering a position in Envela Corp without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Pair Trading with Envela Corp

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Envela Corp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Envela Corp will appreciate offsetting losses from the drop in the long position's value.

Moving together with Envela Corp

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Moving against Envela Corp

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The ability to find closely correlated positions to Envela Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Envela Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Envela Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Envela Corp to buy it.
The correlation of Envela Corp is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Envela Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Envela Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Envela Corp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Continue to Investing Opportunities. Note that the Envela Corp information on this page should be used as a complementary analysis to other Envela Corp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..

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Is Envela Corp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Envela Corp. If investors know Envela will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Envela Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
0.75
Market Capitalization
211.6 M
Quarterly Revenue Growth YOY
0.26
Return On Assets
0.14
Return On Equity
0.44
The market value of Envela Corp is measured differently than its book value, which is the value of Envela that is recorded on the company's balance sheet. Investors also form their own opinion of Envela Corp's value that differs from its market value or its book value, called intrinsic value, which is Envela Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Envela Corp's market value can be influenced by many factors that don't directly affect Envela Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Envela Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine Envela Corp value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Envela Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.