Equitable Other Stockholder Equity vs Short Term Investments Analysis
EQB Stock | CAD 109.45 0.39 0.36% |
Equitable financial indicator trend analysis is much more than just examining Equitable Group latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Equitable Group is a good investment. Please check the relationship between Equitable Other Stockholder Equity and its Short Term Investments accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Equitable 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 board of governors.
Other Stockholder Equity vs Short Term Investments
Other Stockholder Equity vs Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Equitable Group Other Stockholder Equity account and Short Term Investments. At this time, the significance of the direction appears to have strong relationship.
The correlation between Equitable's Other Stockholder Equity and Short Term Investments is 0.62. Overlapping area represents the amount of variation of Other Stockholder Equity that can explain the historical movement of Short Term Investments in the same time period over historical financial statements of Equitable Group, assuming nothing else is changed. The correlation between historical values of Equitable's Other Stockholder Equity and Short Term Investments 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 Stockholder Equity of Equitable Group are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Other Stockholder Equity i.e., Equitable's Other Stockholder Equity and Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.62 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Other Stockholder Equity
Short Term Investments
Short Term Investments is an item under the current assets section of Equitable balance sheet. It contains any investments Equitable Group undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Equitable Group can easily liquidate in the marketplace.Most indicators from Equitable's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Equitable 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 Equitable 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 board of governors. At this time, Equitable's Selling General Administrative is very stable compared to the past year. As of the 4th of December 2024, Issuance Of Capital Stock is likely to grow to about 279.8 M, while Tax Provision is likely to drop about 76 M.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 880.6M | 536.4M | 616.8M | 352.8M | Depreciation And Amortization | 46.9M | 47.0M | 54.0M | 56.7M |
Equitable fundamental ratios Correlations
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Equitable Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Equitable fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 30.7B | 36.2B | 51.1B | 52.9B | 60.9B | 63.9B | |
Short Long Term Debt Total | 12.8B | 13.6B | 19.5B | 17.4B | 20.0B | 21.0B | |
Total Stockholder Equity | 1.6B | 2.0B | 2.5B | 2.8B | 3.3B | 3.4B | |
Net Debt | 12.3B | 12.8B | 19.0B | 18.7B | 21.5B | 22.6B | |
Retained Earnings | 1.4B | 1.7B | 1.9B | 2.2B | 2.5B | 2.6B | |
Cash | 557.7M | 773.3M | 495.1M | (1.3B) | (1.5B) | (1.4B) | |
Other Assets | 26.6B | 28.5B | 32.6B | 44.6B | 51.3B | 53.9B | |
Cash And Short Term Investments | 819.7M | 1.4B | 2.3B | (1.3B) | (1.5B) | (1.4B) | |
Net Receivables | 506.2M | 570.0M | 729.1M | 1.3B | 1.1B | 1.2B | |
Common Stock Shares Outstanding | 33.9M | 34.4M | 35.0M | 38.0M | 43.7M | 33.1M | |
Liabilities And Stockholders Equity | 30.7B | 36.2B | 51.1B | 52.9B | 60.9B | 63.9B | |
Non Current Liabilities Total | 12.9B | 13.4B | 1.4B | 36.3B | 41.7B | 43.8B | |
Other Stockholder Equity | 8.1M | 8.7M | 11.4M | 12.8M | 11.5M | 9.2M | |
Total Liab | 29.1B | 34.2B | 48.6B | 50.1B | 57.6B | 60.5B | |
Total Current Assets | 1.4B | 2.2B | 3.6B | 2.3B | 2.6B | 2.7B | |
Common Stock | 218.2M | 230.2M | 462.6M | 471.0M | 541.7M | 568.7M | |
Non Current Assets Total | 888.9M | 1.4B | 2.9B | 50.7B | 58.3B | 61.2B | |
Non Currrent Assets Other | (21.9M) | (19.7M) | (46.8M) | 50.3B | 57.8B | 60.7B | |
Accumulated Other Comprehensive Income | (39.0M) | (7.6M) | 9.4M | (5.2M) | (4.6M) | (4.9M) | |
Other Current Liab | (180.8M) | (238.6M) | (267.6M) | 209.6M | 188.6M | 198.0M | |
Total Current Liabilities | 68.6M | 344.1M | 1.4B | 13.8B | 15.9B | 16.7B | |
Short Term Debt | 4.7B | 200.1M | 1.2B | 12.9B | 14.9B | 15.6B | |
Property Plant And Equipment Net | 26.0M | 21.6M | 36.2M | 35.2M | 40.5M | 42.5M | |
Accounts Payable | 68.6M | 143.9M | 207.7M | 318.0M | 365.7M | 384.0M | |
Property Plant And Equipment Gross | 31.3M | 26.0M | 21.6M | 36.2M | 41.6M | 43.7M | |
Short Term Investments | 135.6M | 262.0M | 670.3M | 1.8B | 2.1B | 2.2B | |
Other Liab | 82.5M | 95.9M | 102.5M | 133.3M | 153.3M | 160.9M | |
Net Tangible Assets | 1.3B | 1.5B | 1.8B | 2.2B | 2.5B | 1.3B | |
Long Term Debt | 10.7B | 12.0B | 11.4B | 15.1B | 17.3B | 9.9B | |
Inventory | (1.2B) | (1.6B) | (1.8B) | (1.5B) | (1.3B) | (1.2B) | |
Other Current Assets | 1.6B | 1.8B | 1.5B | 2.3B | 2.6B | 2.7B | |
Long Term Investments | 501.6M | 774.7M | 1.2B | 2.7B | 3.1B | 3.2B | |
Property Plant Equipment | 31.3M | 26.0M | 21.6M | 36.2M | 41.6M | 21.2M | |
Intangible Assets | 53.5M | 71.2M | 92.6M | 145.5M | 167.3M | 175.7M | |
Long Term Debt Total | 10.7B | 12.0B | 11.4B | 15.1B | 17.4B | 11.1B | |
Capital Surpluse | 7.0M | 8.1M | 8.7M | 11.4M | 13.2M | 8.0M | |
Earning Assets | 461.4M | 535.8M | 1.1B | 1.7B | 1.9B | 2.0B |
Other Information on Investing in Equitable Stock
Balance Sheet is a snapshot of the financial position of Equitable Group at a specified time, usually calculated after every quarter, six months, or one year. Equitable Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Equitable 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 Equitable currently owns. An asset can also be divided into two categories, current and non-current.