Ellington Net Borrowings vs Change Receivables Analysis
EARN Stock | USD 6.49 0.08 1.22% |
Ellington Residential financial indicator trend analysis is much more than just examining Ellington Residential latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ellington Residential is a good investment. Please check the relationship between Ellington Residential Net Borrowings and its Change Receivables accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Ellington Residential Mortgage. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
Net Borrowings vs Change Receivables
Net Borrowings vs Change Receivables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ellington Residential Net Borrowings account and Change Receivables. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Ellington Residential's Net Borrowings and Change Receivables is -0.69. Overlapping area represents the amount of variation of Net Borrowings that can explain the historical movement of Change Receivables in the same time period over historical financial statements of Ellington Residential Mortgage, assuming nothing else is changed. The correlation between historical values of Ellington Residential's Net Borrowings and Change Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Borrowings of Ellington Residential Mortgage are associated (or correlated) with its Change Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change Receivables has no effect on the direction of Net Borrowings i.e., Ellington Residential's Net Borrowings and Change Receivables go up and down completely randomly.
Correlation Coefficient | -0.69 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Net Borrowings
The difference between the amount of new debt a company has taken on and the amount of debt it has paid off during a given period.Change Receivables
The difference in the amount of accounts receivable from one accounting period to the next. A positive number indicates an increase in receivables, while a negative number indicates a decrease.Most indicators from Ellington Residential's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ellington Residential 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. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Ellington Residential Mortgage. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. At this time, Ellington Residential's Selling General Administrative is very stable compared to the past year. As of the 31st of December 2024, Issuance Of Capital Stock is likely to grow to about 19 M, though Sales General And Administrative To Revenue is likely to grow to (48.49).
Ellington Residential fundamental ratios Correlations
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Ellington Residential Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Ellington Residential fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.5B | 1.2B | 1.6B | 1.1B | 945.7M | 1.5B | |
Other Current Liab | (3.8M) | (1.5M) | (2.8M) | (50.4M) | (12.1M) | (11.5M) | |
Total Stockholder Equity | 160.8M | 166.4M | 154.2M | 112.4M | 136.2M | 158.1M | |
Net Debt | 1.3B | 957.1M | 995.8M | 807.6M | (38.5M) | (36.6M) | |
Retained Earnings | (69.6M) | (63.3M) | (84.8M) | (128.7M) | (138.6M) | (131.7M) | |
Cash | 35.4M | 58.2M | 69.0M | 34.8M | 38.5M | 45.6M | |
Non Current Assets Total | 1.4B | 1.1B | 1.3B | 893.5M | 1.5B | 1.4B | |
Non Currrent Assets Other | (1.5B) | (1.2B) | (1.6B) | (1.1B) | (773.5M) | (734.9M) | |
Other Assets | 6.9M | 3.1M | 124.6M | 69.7M | (666.5M) | (633.1M) | |
Cash And Short Term Investments | 35.4M | 58.2M | 69.0M | 34.8M | 38.5M | 45.6M | |
Net Receivables | 45.1M | 51.9M | 93.2M | 55.6M | 58.9M | 60.5M | |
Common Stock Total Equity | 125K | 124K | 123K | 131K | 154.1K | 115.3K | |
Common Stock Shares Outstanding | 12.5M | 12.4M | 12.7M | 13.2M | 14.9M | 11.5M | |
Liabilities And Stockholders Equity | 1.5B | 1.2B | 1.6B | 1.1B | 945.7M | 1.5B | |
Non Current Liabilities Total | 32.0M | 13.2M | 379.4M | 50.4M | 79.9M | 75.9M | |
Other Stockholder Equity | 139.2M | 292.9M | 323.6M | 257.2M | 274.7M | 230.6M | |
Total Liab | 3.8M | 1.5M | 2.8M | 941.2M | 809.5M | 691.8M | |
Total Current Assets | 80.5M | 110.1M | 162.2M | 90.4M | 97.4M | 104.9M | |
Common Stock | 125K | 124K | 123K | 131K | 186K | 122.8K | |
Short Long Term Debt Total | 1.3B | 1.0B | 1.1B | 845.6M | 729.5M | 954.1M | |
Total Current Liabilities | 3.8M | 1.5M | 2.8M | 50.4M | 13.3M | 11.1M | |
Net Tangible Assets | 160.8M | 166.4M | 154.2M | 112.4M | 101.2M | 124.6M | |
Accounts Payable | 3.8M | 1.5M | 2.8M | 50.4M | 12.1M | 11.0M | |
Long Term Debt | 2.0M | 6.6M | 1.1M | 3.1M | 3.6M | 4.3M | |
Retained Earnings Total Equity | (69.6M) | (63.3M) | (84.8M) | (128.7M) | (115.8M) | (110.0M) | |