Elme Short Term Investments vs Long Term Debt Analysis

ELME Stock

USD 16.95 0.26 1.56%

Elme Communities financial indicator trend analysis is much more than just examining Elme Communities latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Elme Communities is a good investment. Please check the relationship between Elme Communities Short Term Investments and its Long Term Debt accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Elme Communities. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

For information on how to trade Elme Stock refer to our How to Trade Elme Stock guide.

Short Term Investments vs Long Term Debt

Short Term Investments vs Long Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Elme Communities Short Term Investments account and Long Term Debt. At this time, the significance of the direction appears to have strong relationship.

The correlation between Elme Communities' Short Term Investments and Long Term Debt is 0.66. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of Elme Communities, assuming nothing else is changed. The correlation between historical values of Elme Communities' Short Term Investments and Long Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Investments of Elme Communities are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Short Term Investments i.e., Elme Communities' Short Term Investments and Long Term Debt go up and down completely randomly.

Correlation Coefficient

0.66

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Short Term Investments

Short Term Investments is an item under the current assets section of Elme Communities balance sheet. It contains any investments Elme Communities undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Elme Communities can easily liquidate in the marketplace.

Long Term Debt

Long-term debt is a debt that Elme Communities has held for over one year. Long-term debt appears on Elme Communities balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Elme Communities balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

Most indicators from Elme Communities' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Elme Communities 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 Elme Communities. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

For information on how to trade Elme Stock refer to our How to Trade Elme Stock guide.At present, Elme Communities' Enterprise Value Over EBITDA is projected to increase based on the last few years of reporting. The current year's Enterprise Value Multiple is expected to grow to 30.90, whereas Issuance Of Capital Stock is projected to grow to (1.9 K).

	2021	2022	2023	2024 (projected)
Gross Profit	102.2M	127.9M	140.0M	143.3M
Total Revenue	169.2M	209.4M	227.9M	188.9M

Gross Profit Total Revenue

Elme Communities fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Stockholder Equity	Net Debt	Retained Earnings	Other Assets	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Property Plant And Equipment Net	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Short Term Investments	Total Current Assets	Other Current Liab	Total Current Liabilities	Short Term Debt	Net Receivables	Cash	Common Stock	Current Deferred Revenue	Accounts Payable	Other Current Assets	Inventory
Total Assets		0.83	0.79	0.8	-0.39	-0.26	0.82	0.81	0.62	0.85	0.92	0.98	-0.29	-0.07	-0.49	0.56	0.07	0.46	0.04	0.64	0.0	-0.86	0.87	0.61	0.31	0.15
Short Long Term Debt Total	0.83		0.32	0.99	-0.27	-0.42	0.41	0.99	0.24	1.0	0.74	0.78	-0.09	-0.22	-0.14	0.64	0.33	0.43	-0.05	0.85	-0.16	-0.69	0.71	0.65	0.29	0.29
Total Stockholder Equity	0.79	0.32		0.27	-0.37	0.03	0.95	0.3	0.8	0.35	0.75	0.82	-0.39	0.13	-0.7	0.25	-0.24	0.31	0.12	0.15	0.19	-0.72	0.7	0.32	0.2	-0.08
Net Debt	0.8	0.99	0.27		-0.25	-0.37	0.37	0.97	0.18	0.99	0.72	0.77	-0.07	-0.38	-0.1	0.53	0.43	0.49	-0.15	0.85	-0.32	-0.64	0.66	0.62	0.31	0.26
Retained Earnings	-0.39	-0.27	-0.37	-0.25		-0.6	-0.59	-0.27	-0.7	-0.27	-0.46	-0.44	-0.2	0.0	0.7	0.0	-0.25	-0.54	-0.21	-0.13	-0.05	0.72	-0.72	-0.31	0.07	0.26
Other Assets	-0.26	-0.42	0.03	-0.37	-0.6		0.13	-0.4	0.35	-0.42	-0.08	-0.13	0.5	-0.24	-0.52	-0.69	0.09	0.24	0.08	-0.41	-0.23	-0.12	0.1	-0.32	-0.3	-0.4
Common Stock Shares Outstanding	0.82	0.41	0.95	0.37	-0.59	0.13		0.41	0.82	0.44	0.8	0.84	-0.25	0.13	-0.75	0.28	-0.12	0.36	0.2	0.2	0.19	-0.83	0.82	0.39	0.17	-0.11
Non Current Liabilities Total	0.81	0.99	0.3	0.97	-0.27	-0.4	0.41		0.23	0.99	0.71	0.76	0.01	-0.17	-0.19	0.65	0.26	0.34	0.01	0.8	-0.11	-0.7	0.72	0.63	0.31	0.3
Other Stockholder Equity	0.62	0.24	0.8	0.18	-0.7	0.35	0.82	0.23		0.26	0.65	0.67	-0.21	0.2	-0.87	0.12	-0.18	0.46	0.13	0.13	0.26	-0.81	0.8	0.17	0.01	-0.31
Total Liab	0.85	1.0	0.35	0.99	-0.27	-0.42	0.44	0.99	0.26		0.76	0.8	-0.11	-0.22	-0.16	0.64	0.33	0.45	-0.05	0.85	-0.16	-0.7	0.72	0.66	0.3	0.29
Property Plant And Equipment Net	0.92	0.74	0.75	0.72	-0.46	-0.08	0.8	0.71	0.65	0.76		0.92	-0.17	-0.11	-0.49	0.46	0.05	0.56	0.06	0.71	-0.04	-0.85	0.85	0.52	-0.06	0.14
Non Current Assets Total	0.98	0.78	0.82	0.77	-0.44	-0.13	0.84	0.76	0.67	0.8	0.92		-0.26	-0.18	-0.56	0.41	0.12	0.53	-0.04	0.58	-0.1	-0.87	0.88	0.55	0.33	0.03
Non Currrent Assets Other	-0.29	-0.09	-0.39	-0.07	-0.2	0.5	-0.25	0.01	-0.21	-0.11	-0.17	-0.26		-0.11	-0.17	-0.24	-0.07	-0.24	0.25	-0.14	-0.11	0.01	-0.01	-0.22	-0.29	0.03
Cash And Short Term Investments	-0.07	-0.22	0.13	-0.38	0.0	-0.24	0.13	-0.17	0.2	-0.22	-0.11	-0.18	-0.11		-0.16	0.51	-0.7	-0.49	0.61	-0.24	1.0	-0.06	0.05	-0.02	-0.19	0.13
Short Term Investments	-0.49	-0.14	-0.7	-0.1	0.7	-0.52	-0.75	-0.19	-0.87	-0.16	-0.49	-0.56	-0.17	-0.16		0.03	0.28	-0.21	-0.23	0.11	-0.22	0.78	-0.76	-0.08	-0.11	0.31
Total Current Assets	0.56	0.64	0.25	0.53	0.0	-0.69	0.28	0.65	0.12	0.64	0.46	0.41	-0.24	0.51	0.03		-0.17	-0.02	0.41	0.61	0.54	-0.42	0.44	0.6	0.04	0.64
Other Current Liab	0.07	0.33	-0.24	0.43	-0.25	0.09	-0.12	0.26	-0.18	0.33	0.05	0.12	-0.07	-0.7	0.28	-0.17		0.59	-0.29	0.32	-0.69	0.0	0.01	0.26	0.18	0.03
Total Current Liabilities	0.46	0.43	0.31	0.49	-0.54	0.24	0.36	0.34	0.46	0.45	0.56	0.53	-0.24	-0.49	-0.21	-0.02	0.59		-0.35	0.53	-0.45	-0.46	0.46	0.37	-0.04	-0.08
Short Term Debt	0.04	-0.05	0.12	-0.15	-0.21	0.08	0.2	0.01	0.13	-0.05	0.06	-0.04	0.25	0.61	-0.23	0.41	-0.29	-0.35		-0.09	0.62	-0.2	0.2	0.06	-0.26	0.41
Net Receivables	0.64	0.85	0.15	0.85	-0.13	-0.41	0.2	0.8	0.13	0.85	0.71	0.58	-0.14	-0.24	0.11	0.61	0.32	0.53	-0.09		-0.2	-0.48	0.5	0.58	-0.14	0.42
Cash	0.0	-0.16	0.19	-0.32	-0.05	-0.23	0.19	-0.11	0.26	-0.16	-0.04	-0.1	-0.11	1.0	-0.22	0.54	-0.69	-0.45	0.62	-0.2		-0.14	0.13	0.02	-0.17	0.13
Common Stock	-0.86	-0.69	-0.72	-0.64	0.72	-0.12	-0.83	-0.7	-0.81	-0.7	-0.85	-0.87	0.01	-0.06	0.78	-0.42	0.0	-0.46	-0.2	-0.48	-0.14		-1.0	-0.52	-0.14	0.03
Current Deferred Revenue	0.87	0.71	0.7	0.66	-0.72	0.1	0.82	0.72	0.8	0.72	0.85	0.88	-0.01	0.05	-0.76	0.44	0.01	0.46	0.2	0.5	0.13	-1.0		0.54	0.15	-0.01
Accounts Payable	0.61	0.65	0.32	0.62	-0.31	-0.32	0.39	0.63	0.17	0.66	0.52	0.55	-0.22	-0.02	-0.08	0.6	0.26	0.37	0.06	0.58	0.02	-0.52	0.54		0.24	0.36
Other Current Assets	0.31	0.29	0.2	0.31	0.07	-0.3	0.17	0.31	0.01	0.3	-0.06	0.33	-0.29	-0.19	-0.11	0.04	0.18	-0.04	-0.26	-0.14	-0.17	-0.14	0.15	0.24		-0.18
Inventory	0.15	0.29	-0.08	0.26	0.26	-0.4	-0.11	0.3	-0.31	0.29	0.14	0.03	0.03	0.13	0.31	0.64	0.03	-0.08	0.41	0.42	0.13	0.03	-0.01	0.36	-0.18

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Elme Communities Account Relationship Matchups

Elme Communities fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.6B	2.4B	1.9B	1.9B	1.9B	1.3B
Short Long Term Debt Total	1.1B	987.4M	496.9M	552.4M	679.3M	673.7M
Total Stockholder Equity	1.4B	1.3B	1.3B	1.3B	1.2B	609.5M
Net Debt	1.1B	979.7M	263.3M	544.0M	673.4M	653.0M
Retained Earnings	(183.4M)	(298.9M)	(362.5M)	(453.0M)	(569.4M)	(540.9M)
Other Assets	39.1M	5.6M	4.4M	1.9B	2.1B	2.3B
Common Stock Shares Outstanding	80.3M	82.3M	84.5M	87.4M	87.7M	53.0M
Liabilities And Stockholders Equity	2.6B	2.4B	1.9B	1.9B	1.9B	1.3B
Non Current Liabilities Total	1.1B	955.4M	501.6M	502.9M	690.8M	654.3M
Other Stockholder Equity	1.6B	1.6B	2.1B	1.7B	1.7B	1.8B
Total Liab	1.2B	1.1B	558.9M	608.8M	745.7M	718.0M
Property Plant And Equipment Net	2.4B	1.5B	1.6B	1.8B	1.8B	1.3B
Non Current Assets Total	2.4B	2.3B	1.6B	1.8B	1.9B	1.4B
Non Currrent Assets Other	(5.5M)	(1.6B)	(1.9B)	23.7M	1.9B	1.9B
Cash And Short Term Investments	12.9M	7.7M	233.6M	8.4M	7.2M	6.9M
Short Term Investments	9.4M	10.6M	5.5M	2.0M	1.2M	1.2M
Total Current Assets	238.5M	137.6M	283.2M	26.2M	49.4M	47.0M
Other Current Liab	(245.6M)	44.8M	(482.3M)	(36.0M)	21.1M	22.2M
Total Current Liabilities	161.9M	133.3M	57.3M	105.9M	217.1M	228.0M
Short Term Debt	295.6M	42M	496.9M	552.4M	157M	195.6M
Net Receivables	65.3M	11.9M	15.1M	16.3M	17.6M	33.2M
Cash	12.9M	7.7M	233.6M	8.4M	6.0M	5.7M
Accumulated Other Comprehensive Income	1.8M	(30.6M)	(19.1M)	(14.2M)	(13.0M)	(13.6M)
Common Stock	821K	844K	863K	875K	879K	835.1K
Current Deferred Revenue	9.4M	7.2M	2.1M	1.6M	5.2M	5.5M
Accounts Payable	42.7M	44.1M	40.6M	34.4M	39.0M	37.5M
Other Current Assets	50.5M	913.7M	33.9M	1.5M	24.6M	23.4M
Inventory	65.2M	603K	620K	(2.0M)	(1.2M)	(1.2M)
Other Liab	19.9M	6.7M	6.8M	7.1M	6.4M	9.6M
Net Tangible Assets	1.4B	1.3B	1.3B	1.3B	1.5B	1.4B
Long Term Debt	1.0B	945.4M	496.9M	497.4M	522.3M	608.1M
Deferred Long Term Liab	39.1M	5.6M	4.4M	3.9M	3.5M	3.3M
Net Invested Capital	2.5B	2.3B	1.8B	1.8B	1.8B	1.7B
Capital Stock	821K	844K	863K	875K	879K	931.5K
Non Current Liabilities Other	10.6M	10.0M	4.7M	5.6M	6.2M	6.3M
Net Working Capital	76.6M	4.3M	225.8M	(79.7M)	(190.9M)	(181.4M)
Property Plant Equipment	2.4B	1.5B	1.6B	1.8B	1.6B	1.5B

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When determining whether Elme Communities is a strong investment it is important to analyze Elme Communities' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Elme Communities' future performance. For an informed investment choice regarding Elme Stock, refer to the following important reports:

How To Invest In Elme

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Is Elme Stock a good investment?

Details

What is Elme Communities' Net Worth?

Details

Largest Equity Real Estate Investment Trusts (REITs) Companies

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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Elme Communities. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

For information on how to trade Elme Stock refer to our How to Trade Elme Stock guide.

You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.

Is Multi-Family Residential REITs space 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 Elme Communities. If investors know Elme 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 Elme Communities listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Dividend Share

0.72

Earnings Share

(0.16)

Revenue Per Share

2.726

Quarterly Revenue Growth

0.078

Return On Assets

0.0078

The market value of Elme Communities is measured differently than its book value, which is the value of Elme that is recorded on the company's balance sheet. Investors also form their own opinion of Elme Communities' value that differs from its market value or its book value, called intrinsic value, which is Elme Communities' 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 Elme Communities' market value can be influenced by many factors that don't directly affect Elme Communities' 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 Elme Communities' value and its price as these two are different measures arrived at by different means. Investors typically determine if Elme Communities is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Elme Communities' 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.

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Elme Short Term Investments vs Long Term Debt Analysis

Short Term Investments vs Long Term Debt

Short Term Investments vs Long Term Debt Correlation Analysis

Correlation Coefficient

Short Term Investments

Long Term Debt

Elme Communities fundamental ratios Correlations

Elme Communities Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Elme Communities fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 1.0	Short Long Term Debt Total
Cash	+ 1.0	Cash And Short Term Investments
Net Debt	+ 0.99	Short Long Term Debt Total
Non Current Liabilities Total	+ 0.99	Short Long Term Debt Total
Total Liab	+ 0.99	Net Debt
Total Liab	+ 0.99	Non Current Liabilities Total

Current Deferred Revenue	- 1.0	Common Stock
Common Stock	- 0.87	Non Current Assets Total
Short Term Investments	- 0.87	Other Stockholder Equity
Common Stock	- 0.86	Total Assets
Common Stock	- 0.85	Property Plant And Equipment Net
Common Stock	- 0.83	Common Stock Shares Outstanding