Equitable Property Plant And Equipment Gross vs Common Stock Total Equity 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 Property Plant And Equipment Gross and its Common Stock Total Equity 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.

Property Plant And Equipment Gross vs Common Stock Total Equity

Property Plant And Equipment Gross vs Common Stock Total Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Equitable Group Property Plant And Equipment Gross account and Common Stock Total Equity. At this time, the significance of the direction appears to have strong relationship.
The correlation between Equitable's Property Plant And Equipment Gross and Common Stock Total Equity is 0.75. Overlapping area represents the amount of variation of Property Plant And Equipment Gross that can explain the historical movement of Common Stock Total Equity 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 Property Plant And Equipment Gross and Common Stock Total Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant And Equipment Gross of Equitable Group are associated (or correlated) with its Common Stock Total Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Total Equity has no effect on the direction of Property Plant And Equipment Gross i.e., Equitable's Property Plant And Equipment Gross and Common Stock Total Equity go up and down completely randomly.

Correlation Coefficient

0.75
Relationship DirectionPositive 
Relationship StrengthSignificant

Property Plant And Equipment Gross

Common Stock Total Equity

The total value of common stock equity held by shareholders, representing their ownership interest in the company.
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 Expense880.6M536.4M616.8M352.8M
Depreciation And Amortization46.9M47.0M54.0M56.7M

Equitable fundamental ratios Correlations

0.991.01.00.99-0.681.0-0.380.780.710.770.830.641.00.890.980.810.80.310.550.830.940.950.950.950.98
0.990.981.00.98-0.580.99-0.260.740.770.790.750.650.990.90.950.720.70.20.490.760.950.90.950.910.98
1.00.980.991.0-0.70.99-0.410.780.70.770.850.631.00.880.970.830.820.330.560.850.940.960.940.940.98
1.01.00.990.99-0.651.0-0.340.760.730.780.80.661.00.890.970.780.770.270.520.820.950.930.950.930.98
0.990.981.00.99-0.680.99-0.40.770.720.770.850.610.990.870.950.810.80.30.550.840.940.950.950.920.99
-0.68-0.58-0.7-0.65-0.68-0.640.9-0.64-0.17-0.45-0.9-0.43-0.68-0.46-0.76-0.97-0.98-0.74-0.64-0.92-0.56-0.82-0.58-0.79-0.62
1.00.990.991.00.99-0.64-0.340.750.750.790.810.631.00.890.970.780.760.290.560.810.950.940.950.920.99
-0.38-0.26-0.41-0.34-0.40.9-0.34-0.310.01-0.27-0.81-0.21-0.37-0.07-0.45-0.84-0.85-0.82-0.61-0.79-0.29-0.57-0.31-0.46-0.32
0.780.740.780.760.77-0.640.75-0.310.270.340.610.360.770.870.760.680.670.150.210.710.730.770.730.860.8
0.710.770.70.730.72-0.170.750.010.270.90.480.590.710.560.630.340.320.020.390.420.760.580.750.490.72
0.770.790.770.780.77-0.450.79-0.270.340.90.650.750.780.540.740.570.560.230.480.610.730.690.730.630.73
0.830.750.850.80.85-0.90.81-0.810.610.480.650.490.820.550.830.970.970.660.70.960.750.90.760.80.79
0.640.650.630.660.61-0.430.63-0.210.360.590.750.490.650.450.660.490.480.050.140.490.460.540.470.620.53
1.00.991.01.00.99-0.681.0-0.370.770.710.780.820.650.890.980.810.790.30.550.830.940.950.950.940.98
0.890.90.880.890.87-0.460.89-0.070.870.560.540.550.450.890.860.590.570.090.360.590.850.830.850.890.91
0.980.950.970.970.95-0.760.97-0.450.760.630.740.830.660.980.860.860.840.410.60.850.90.970.910.970.94
0.810.720.830.780.81-0.970.78-0.840.680.340.570.970.490.810.590.861.00.70.690.960.70.910.720.860.76
0.80.70.820.770.8-0.980.76-0.850.670.320.560.970.480.790.570.841.00.720.690.960.690.90.70.850.74
0.310.20.330.270.3-0.740.29-0.820.150.020.230.660.050.30.090.410.70.720.870.580.250.530.260.390.27
0.550.490.560.520.55-0.640.56-0.610.210.390.480.70.140.550.360.60.690.690.870.610.540.680.550.520.54
0.830.760.850.820.84-0.920.81-0.790.710.420.610.960.490.830.590.850.960.960.580.610.780.890.80.830.8
0.940.950.940.950.94-0.560.95-0.290.730.760.730.750.460.940.850.90.70.690.250.540.780.881.00.840.97
0.950.90.960.930.95-0.820.94-0.570.770.580.690.90.540.950.830.970.910.90.530.680.890.880.890.950.93
0.950.950.940.950.95-0.580.95-0.310.730.750.730.760.470.950.850.910.720.70.260.550.81.00.890.840.97
0.950.910.940.930.92-0.790.92-0.460.860.490.630.80.620.940.890.970.860.850.390.520.830.840.950.840.91
0.980.980.980.980.99-0.620.99-0.320.80.720.730.790.530.980.910.940.760.740.270.540.80.970.930.970.91
Click cells to compare fundamentals

Equitable Account Relationship Matchups

Equitable fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets30.7B36.2B51.1B52.9B60.9B63.9B
Short Long Term Debt Total12.8B13.6B19.5B17.4B20.0B21.0B
Total Stockholder Equity1.6B2.0B2.5B2.8B3.3B3.4B
Net Debt12.3B12.8B19.0B18.7B21.5B22.6B
Retained Earnings1.4B1.7B1.9B2.2B2.5B2.6B
Cash557.7M773.3M495.1M(1.3B)(1.5B)(1.4B)
Other Assets26.6B28.5B32.6B44.6B51.3B53.9B
Cash And Short Term Investments819.7M1.4B2.3B(1.3B)(1.5B)(1.4B)
Net Receivables506.2M570.0M729.1M1.3B1.1B1.2B
Common Stock Shares Outstanding33.9M34.4M35.0M38.0M43.7M33.1M
Liabilities And Stockholders Equity30.7B36.2B51.1B52.9B60.9B63.9B
Non Current Liabilities Total12.9B13.4B1.4B36.3B41.7B43.8B
Other Stockholder Equity8.1M8.7M11.4M12.8M11.5M9.2M
Total Liab29.1B34.2B48.6B50.1B57.6B60.5B
Total Current Assets1.4B2.2B3.6B2.3B2.6B2.7B
Common Stock218.2M230.2M462.6M471.0M541.7M568.7M
Non Current Assets Total888.9M1.4B2.9B50.7B58.3B61.2B
Non Currrent Assets Other(21.9M)(19.7M)(46.8M)50.3B57.8B60.7B
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)209.6M188.6M198.0M
Total Current Liabilities68.6M344.1M1.4B13.8B15.9B16.7B
Short Term Debt4.7B200.1M1.2B12.9B14.9B15.6B
Property Plant And Equipment Net26.0M21.6M36.2M35.2M40.5M42.5M
Accounts Payable68.6M143.9M207.7M318.0M365.7M384.0M
Property Plant And Equipment Gross31.3M26.0M21.6M36.2M41.6M43.7M
Short Term Investments135.6M262.0M670.3M1.8B2.1B2.2B
Other Liab82.5M95.9M102.5M133.3M153.3M160.9M
Net Tangible Assets1.3B1.5B1.8B2.2B2.5B1.3B
Long Term Debt10.7B12.0B11.4B15.1B17.3B9.9B
Inventory(1.2B)(1.6B)(1.8B)(1.5B)(1.3B)(1.2B)
Other Current Assets1.6B1.8B1.5B2.3B2.6B2.7B
Long Term Investments501.6M774.7M1.2B2.7B3.1B3.2B
Property Plant Equipment31.3M26.0M21.6M36.2M41.6M21.2M
Intangible Assets53.5M71.2M92.6M145.5M167.3M175.7M
Long Term Debt Total10.7B12.0B11.4B15.1B17.4B11.1B
Capital Surpluse7.0M8.1M8.7M11.4M13.2M8.0M
Earning Assets461.4M535.8M1.1B1.7B1.9B2.0B

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.