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 Total Current Liabilities 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 Total Current Liabilities
Other Stockholder Equity vs Total Current Liabilities 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
Total Current Liabilities. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Equitable's Other Stockholder Equity and Total Current Liabilities is 0.14. Overlapping area represents the amount of variation of Other Stockholder Equity that can explain the historical movement of Total Current Liabilities 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 Total Current Liabilities 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 Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Other Stockholder Equity i.e., Equitable's Other Stockholder Equity and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | 0.14 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Other Stockholder Equity
Total Current Liabilities
Total Current Liabilities is an item on Equitable balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Equitable Group are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
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.
Equitable fundamental ratios Correlations
Click cells to compare fundamentals
Equitable Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Equitable fundamental ratios Accounts
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.