Ensign Other Current Liab vs Cash Analysis

ENSG Stock

USD 128.01 1.56 1.20%

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

Other Current Liab vs Cash

Other Current Liab vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ensign Group Other Current Liab account and Cash. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Ensign's Other Current Liab and Cash is 0.92. Overlapping area represents the amount of variation of Other Current Liab that can explain the historical movement of Cash in the same time period over historical financial statements of The Ensign Group, assuming nothing else is changed. The correlation between historical values of Ensign's Other Current Liab and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Liab of The Ensign Group are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Other Current Liab i.e., Ensign's Other Current Liab and Cash go up and down completely randomly.

Correlation Coefficient

0.92

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Other Current Liab

Cash

Cash refers to the most liquid asset of Ensign Group, which is listed under current asset account on The Ensign Group balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Ensign customers. The amounts must be unrestricted with restricted cash listed in a different Ensign account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

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

At this time, Ensign's Enterprise Value Over EBITDA is most likely to increase in the upcoming years. The Ensign's current Enterprise Value Multiple is estimated to increase to 20.56, while Issuance Of Capital Stock is projected to decrease to 0.00.

	2022	2023	2024	2025 (projected)
Gross Profit	518.0M	590.8M	667.6M	701.0M
Total Revenue	3.0B	3.7B	4.3B	4.5B

Gross Profit Total Revenue

Ensign fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Stockholder Equity	Net Debt	Cash	Other Assets	Cash And Short Term Investments	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Total Current Assets	Other Current Liab	Total Current Liabilities	Property Plant And Equipment Net	Retained Earnings	Accounts Payable	Non Current Assets Total	Non Currrent Assets Other	Net Receivables	Common Stock Total Equity	Other Current Assets	Property Plant And Equipment Gross	Short Term Debt	Intangible Assets	Common Stock
Total Assets		0.99	0.98	0.97	0.96	0.17	0.96	0.68	0.99	0.66	1.0	0.98	0.94	0.98	1.0	0.98	0.97	1.0	-0.24	0.96	0.64	0.7	1.0	0.94	-0.47	0.64
Short Long Term Debt Total	0.99		0.94	0.99	0.93	0.18	0.93	0.66	1.0	0.58	1.0	0.94	0.93	0.96	1.0	0.94	0.93	0.99	-0.27	0.92	0.61	0.64	0.99	0.92	-0.57	0.61
Total Stockholder Equity	0.98	0.94		0.91	0.96	0.11	0.96	0.66	0.95	0.71	0.96	0.99	0.91	0.97	0.97	0.99	0.99	0.98	-0.22	0.97	0.62	0.78	0.98	0.95	-0.38	0.61
Net Debt	0.97	0.99	0.91		0.88	0.18	0.89	0.67	0.99	0.57	0.98	0.91	0.9	0.94	0.98	0.91	0.9	0.98	-0.27	0.9	0.63	0.62	0.97	0.9	-0.57	0.63
Cash	0.96	0.93	0.96	0.88		0.17	1.0	0.56	0.93	0.55	0.94	0.97	0.92	0.96	0.94	0.97	0.95	0.95	-0.21	0.9	0.51	0.64	0.96	0.9	-0.49	0.51
Other Assets	0.17	0.18	0.11	0.18	0.17		0.18	0.24	0.18	0.09	0.21	0.14	0.41	0.3	0.19	0.09	0.09	0.18	0.05	0.12	0.26	-0.24	0.16	0.07	-0.2	0.27
Cash And Short Term Investments	0.96	0.93	0.96	0.89	1.0	0.18		0.58	0.94	0.56	0.95	0.97	0.93	0.96	0.95	0.97	0.95	0.95	-0.22	0.9	0.53	0.62	0.96	0.9	-0.49	0.53
Common Stock Shares Outstanding	0.68	0.66	0.66	0.67	0.56	0.24	0.58		0.66	0.83	0.68	0.68	0.75	0.72	0.66	0.58	0.69	0.67	-0.23	0.75	0.95	0.34	0.63	0.53	0.08	0.95
Non Current Liabilities Total	0.99	1.0	0.95	0.99	0.93	0.18	0.94	0.66		0.59	1.0	0.95	0.93	0.97	1.0	0.95	0.94	1.0	-0.26	0.93	0.62	0.66	0.99	0.93	-0.55	0.62
Other Stockholder Equity	0.66	0.58	0.71	0.57	0.55	0.09	0.56	0.83	0.59		0.62	0.72	0.67	0.69	0.6	0.63	0.74	0.64	-0.08	0.83	0.85	0.57	0.61	0.56	0.28	0.86
Total Liab	1.0	1.0	0.96	0.98	0.94	0.21	0.95	0.68	1.0	0.62		0.96	0.95	0.98	1.0	0.96	0.95	1.0	-0.25	0.94	0.64	0.65	0.99	0.93	-0.52	0.64
Total Current Assets	0.98	0.94	0.99	0.91	0.97	0.14	0.97	0.68	0.95	0.72	0.96		0.93	0.98	0.96	0.98	0.99	0.97	-0.2	0.98	0.64	0.74	0.97	0.93	-0.35	0.64
Other Current Liab	0.94	0.93	0.91	0.9	0.92	0.41	0.93	0.75	0.93	0.67	0.95	0.93		0.98	0.94	0.89	0.91	0.94	-0.21	0.91	0.73	0.47	0.93	0.82	-0.41	0.74
Total Current Liabilities	0.98	0.96	0.97	0.94	0.96	0.3	0.96	0.72	0.97	0.69	0.98	0.98	0.98		0.98	0.95	0.96	0.98	-0.23	0.96	0.69	0.62	0.97	0.91	-0.42	0.69
Property Plant And Equipment Net	1.0	1.0	0.97	0.98	0.94	0.19	0.95	0.66	1.0	0.6	1.0	0.96	0.94	0.98		0.96	0.95	1.0	-0.26	0.94	0.62	0.67	1.0	0.94	-0.55	0.62
Retained Earnings	0.98	0.94	0.99	0.91	0.97	0.09	0.97	0.58	0.95	0.63	0.96	0.98	0.89	0.95	0.96		0.98	0.97	-0.23	0.94	0.54	0.78	0.98	0.96	-0.45	0.53
Accounts Payable	0.97	0.93	0.99	0.9	0.95	0.09	0.95	0.69	0.94	0.74	0.95	0.99	0.91	0.96	0.95	0.98		0.96	-0.25	0.98	0.65	0.74	0.96	0.92	-0.3	0.65
Non Current Assets Total	1.0	0.99	0.98	0.98	0.95	0.18	0.95	0.67	1.0	0.64	1.0	0.97	0.94	0.98	1.0	0.97	0.96		-0.26	0.95	0.63	0.69	1.0	0.94	-0.51	0.63
Non Currrent Assets Other	-0.24	-0.27	-0.22	-0.27	-0.21	0.05	-0.22	-0.23	-0.26	-0.08	-0.25	-0.2	-0.21	-0.23	-0.26	-0.23	-0.25	-0.26		-0.2	-0.22	0.01	-0.22	-0.31	0.18	-0.23
Net Receivables	0.96	0.92	0.97	0.9	0.9	0.12	0.9	0.75	0.93	0.83	0.94	0.98	0.91	0.96	0.94	0.94	0.98	0.95	-0.2		0.74	0.75	0.94	0.9	-0.24	0.74
Common Stock Total Equity	0.64	0.61	0.62	0.63	0.51	0.26	0.53	0.95	0.62	0.85	0.64	0.64	0.73	0.69	0.62	0.54	0.65	0.63	-0.22	0.74		0.3	0.59	0.5	0.09	0.99
Other Current Assets	0.7	0.64	0.78	0.62	0.64	-0.24	0.62	0.34	0.66	0.57	0.65	0.74	0.47	0.62	0.67	0.78	0.74	0.69	0.01	0.75	0.3		0.7	0.8	-0.14	0.28
Property Plant And Equipment Gross	1.0	0.99	0.98	0.97	0.96	0.16	0.96	0.63	0.99	0.61	0.99	0.97	0.93	0.97	1.0	0.98	0.96	1.0	-0.22	0.94	0.59	0.7		0.94	-0.53	0.59
Short Term Debt	0.94	0.92	0.95	0.9	0.9	0.07	0.9	0.53	0.93	0.56	0.93	0.93	0.82	0.91	0.94	0.96	0.92	0.94	-0.31	0.9	0.5	0.8	0.94		-0.51	0.48
Intangible Assets	-0.47	-0.57	-0.38	-0.57	-0.49	-0.2	-0.49	0.08	-0.55	0.28	-0.52	-0.35	-0.41	-0.42	-0.55	-0.45	-0.3	-0.51	0.18	-0.24	0.09	-0.14	-0.53	-0.51		0.1
Common Stock	0.64	0.61	0.61	0.63	0.51	0.27	0.53	0.95	0.62	0.86	0.64	0.64	0.74	0.69	0.62	0.53	0.65	0.63	-0.23	0.74	0.99	0.28	0.59	0.48	0.1

Click cells to compare fundamentals

Ensign Account Relationship Matchups

Ensign fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	2.5B	2.9B	3.5B	4.2B	4.7B	4.9B
Short Long Term Debt Total	1.1B	1.3B	1.6B	1.9B	2.0B	2.1B
Total Stockholder Equity	818.2M	1.0B	1.2B	1.5B	1.8B	1.9B
Net Debt	877.4M	1.0B	1.3B	1.4B	1.5B	1.6B
Cash	236.6M	262.2M	316.3M	509.6M	464.6M	487.8M
Other Assets	44.9M	1.1B	80.2M	76.9M	88.5M	110.8M
Cash And Short Term Investments	250.0M	276.0M	331.7M	526.9M	464.6M	487.8M
Common Stock Shares Outstanding	55.8M	56.9M	56.9M	57.3M	58.2M	50.8M
Liabilities And Stockholders Equity	2.5B	2.9B	3.5B	4.2B	4.7B	4.9B
Non Current Liabilities Total	1.2B	1.3B	1.6B	1.9B	2.1B	2.2B
Other Stockholder Equity	267.0M	286.7M	300.9M	349.2M	410.3M	430.8M
Total Liab	1.7B	1.8B	2.2B	2.7B	2.8B	3.0B
Total Current Assets	583.0M	639.7M	781.1M	1.0B	1.2B	1.2B
Other Current Liab	451.1M	366.3M	370.7M	531.8M	438.0M	459.9M
Total Current Liabilities	562.4M	523.1M	582.1M	734.7M	743.4M	780.6M
Property Plant And Equipment Net	1.8B	2.0B	2.4B	2.8B	3.2B	3.3B
Retained Earnings	551.1M	734.0M	946.3M	1.1B	1.4B	1.5B
Accounts Payable	50.9M	58.1M	77.1M	92.8M	98.9M	103.9M
Non Current Assets Total	2.0B	2.2B	2.7B	3.1B	3.5B	3.7B
Non Currrent Assets Other	33.3M	47.0M	(67.5B)	57.4M	46.5M	48.8M
Net Receivables	305.1M	328.7M	408.4M	485.0M	569.9M	598.4M
Common Stock Total Equity	55K	56K	58K	59K	67.9K	39.2K
Other Current Assets	1.2M	35.0M	41.0M	35.0M	123.1M	129.3M
Property Plant And Equipment Gross	1.8B	2.0B	2.4B	3.2B	3.6B	3.8B
Short Term Debt	51.1M	108.1M	135.5M	86.5M	191.0M	200.6M
Intangible Assets	6.6M	6.4M	6.4M	6.5M	7.3M	6.9M
Other Liab	63.4M	102.1M	96.4M	116.8M	134.3M	141.0M
Long Term Debt	112.5M	152.9M	149.3M	145.5M	141.6M	178.2M
Property Plant Equipment	767.6M	778.2M	2.0B	992.0M	1.1B	572.6M
Current Deferred Revenue	10.3M	9.3M	9.7M	10.8M	12.5M	8.7M
Net Tangible Assets	593.3M	757.0M	953.9M	1.2B	1.3B	1.4B
Noncontrolling Interest In Consolidated Entity	1.9M	150K	946K	1.5M	1.7M	2.5M
Retained Earnings Total Equity	391.5M	551.1M	734.0M	946.3M	1.1B	1.1B
Short Term Investments	13.4M	13.8M	15.4M	17.2M	62.3M	65.4M

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When determining whether Ensign Group is a strong investment it is important to analyze Ensign's 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 Ensign's future performance. For an informed investment choice regarding Ensign Stock, refer to the following important reports:

How To Invest In Ensign

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Is Ensign Stock a good investment?

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What is Ensign's Net Worth?

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Largest Health Care Providers & Services Companies

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

You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.

Is Health Care Providers & Services 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 Ensign. If investors know Ensign 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 Ensign 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

2.645

Dividend Share

0.243

Earnings Share

5.12

Revenue Per Share

75.201

Quarterly Revenue Growth

0.155

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

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Ensign Other Current Liab vs Cash Analysis

Other Current Liab vs Cash

Other Current Liab vs Cash Correlation Analysis

Correlation Coefficient

Other Current Liab

Cash

Ensign fundamental ratios Correlations

Ensign Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Ensign fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 1.0	Total Assets
Property Plant And Equipment Net	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Property Plant And Equipment Gross	+ 1.0	Total Assets
Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Total Liab	+ 1.0	Short Long Term Debt Total

Intangible Assets	- 0.57	Net Debt
Intangible Assets	- 0.57	Short Long Term Debt Total
Intangible Assets	- 0.55	Property Plant And Equipment Net
Intangible Assets	- 0.55	Non Current Liabilities Total
Intangible Assets	- 0.53	Property Plant And Equipment Gross
Intangible Assets	- 0.52	Total Liab