Envela Historical Balance Sheet

ELA
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USD 7.10  0.47  7.09%   

Trend analysis of Envela Corp balance sheet accounts such as Assets Non Current of 26.9 M or Cash and Equivalents of 10.9 M provides information on Envela Corp's total assets, liabilities, and equity, which is the actual value of Envela Corp to its prevalent stockholders. By breaking down trends over time using Envela Corp balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year. Financial Statement Analysis is much more than just reviewing and breaking down Envela Corp prevalent accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Envela Corp is a good buy for the upcoming year.
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About Envela Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of Envela Corp at a specified time, usually calculated after every quarter, six months, or one year. Envela Corp Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Envela Corp and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Envela currently owns. An asset can also be divided into two categories, current and non-current.

Envela Corp Balance Sheet Chart

Envela Corp Balance Sheet is one of the main financial statements that report all assets, liabilities, and shareholders' equity for the current year. It provides a basis for different types of computing rates of return, such as return on equity (ROE) or return on asset (ROA), as well as shows how Envela Corp uses and utilizes its capital. It also shows what exactly a company owns and owes.
Envela Corp Total Assets are projected to increase significantly based on the last few years of reporting. The past year's Total Assets were at 59.27 Million. The current year Assets Non Current is expected to grow to about 26.9 M, whereas Current Assets are forecasted to decline to about 28.1 M.

Total Assets

Total assets refers to the total amount of Envela Corp assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Envela Corp books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Major components are Cash and Equivalents; Investments; Goodwill and Intangible Assets; Property Plant and Equipment Net; [TaxAssets] and Trade and Non Trade Receivables.

Current Assets

Current assets of Envela Corp include cash, cash equivalents, short-term investments, accounts receivable, stock inventory and the portion of prepaid liabilities which will be paid within a year. Depending on the nature of the business, current assets can range from barrels of crude oil, to baked goods, to foreign currency. Current assets are important because they are the assets that are used to fund day-to-day operations of Envela Corp. The current portion of Total Assets; reported if a company operates a classified balance sheet that segments current and non-current assets.

Shareholders Equity

A principal component of the balance sheet; in addition to Total Liabilities and Total Assets; that represents the total of all stockholders' equity (deficit) items; net of receivables from officers; directors; owners; and affiliates of the entity which are attributable to the parent.

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.
Most accounts from Envela Corp balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts 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 balance sheet accounts, 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 Total Assets are projected to increase significantly based on the last few years of reporting. The past year's Total Assets were at 59.27 Million. The current year Assets Non Current is expected to grow to about 26.9 M, whereas Current Assets are forecasted to decline to about 28.1 M.
 2019 2020 2021 2022 (projected)
Current Assets18.35 M23.51 M34.37 M28.08 M
Total Assets27 M40.58 M59.27 M63.95 M

Envela Corp balance sheet Correlations

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Click cells to compare fundamentals

Envela Corp Account Relationship Matchups

Envela Corp balance sheet 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.

Envela Corp Pair Correlation

Correlation Analysis For Direct Indexing and Tax-loss Harvesting

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 Bond Directory module to find actively traded corporate debentures issued by US companies.

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When running Envela Corp price analysis, check to measure Envela Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Envela Corp is operating at the current time. Most of Envela Corp's value examination focuses on studying past and present price action to predict the probability of Envela Corp's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Envela Corp's price. Additionally, you may evaluate how the addition of Envela Corp to your portfolios can decrease your overall portfolio volatility.
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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
0.41
Market Capitalization
191.2 M
Quarterly Revenue Growth YOY
0.86
Return On Assets
0.13
Return On Equity
0.43
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.