ENGlobal Total Current Liabilities from 2010 to 2024

ENG Stock  USD 1.67  0.03  1.76%   
ENGlobal's Total Current Liabilities is decreasing over the last several years with slightly volatile swings. Total Current Liabilities is estimated to finish at about 21.8 M this year. Total Current Liabilities is the total amount of liabilities that ENGlobal is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations. View All Fundamentals
 
Total Current Liabilities  
First Reported
1997-03-31
Previous Quarter
14.5 M
Current Value
13.7 M
Quarterly Volatility
15.5 M
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check ENGlobal financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among ENGlobal main balance sheet or income statement drivers, such as Depreciation And Amortization of 886.4 K, Interest Expense of 208.1 K or Selling General Administrative of 18 M, as well as many exotic indicators such as Price To Sales Ratio of 0.75, Dividend Yield of 4.0E-4 or PTB Ratio of 2.92. ENGlobal financial statements analysis is a perfect complement when working with ENGlobal Valuation or Volatility modules.
  
This module can also supplement ENGlobal's financial leverage analysis and stock options assessment as well as various ENGlobal Technical models . Check out the analysis of ENGlobal Correlation against competitors.
For more detail on how to invest in ENGlobal Stock please use our How to Invest in ENGlobal guide.

Latest ENGlobal's Total Current Liabilities Growth Pattern

Below is the plot of the Total Current Liabilities of ENGlobal over the last few years. Total Current Liabilities is an item on ENGlobal balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of ENGlobal are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. It is 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. ENGlobal's Total Current Liabilities historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in ENGlobal's overall financial position and show how it may be relating to other accounts over time.
Total Current Liabilities10 Years Trend
Slightly volatile
   Total Current Liabilities   
       Timeline  

ENGlobal Total Current Liabilities Regression Statistics

Arithmetic Mean17,514,552
Geometric Mean12,980,841
Coefficient Of Variation82.29
Mean Deviation10,529,935
Median12,437,000
Standard Deviation14,412,344
Sample Variance207.7T
Range51.9M
R-Value(0.38)
Mean Square Error191.4T
R-Squared0.14
Significance0.16
Slope(1,224,993)
Total Sum of Squares2908T

ENGlobal Total Current Liabilities History

202421.8 M
202313.7 M
202212.1 M
20218.8 M
202012.4 M
201913.2 M
20186.8 M

About ENGlobal Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include ENGlobal income statement, its balance sheet, and the statement of cash flows. ENGlobal investors use historical funamental indicators, such as ENGlobal's Total Current Liabilities, to determine how well the company is positioned to perform in the future. Although ENGlobal investors may use each financial statement separately, they are all related. The changes in ENGlobal's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on ENGlobal's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on ENGlobal Financial Statements. Understanding these patterns can help to make the right decision on long term investment in ENGlobal. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Total Current Liabilities13.7 M21.8 M

Pair Trading with ENGlobal

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if ENGlobal position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in ENGlobal will appreciate offsetting losses from the drop in the long position's value.

Moving against ENGlobal Stock

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The ability to find closely correlated positions to ENGlobal could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ENGlobal when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back ENGlobal - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling ENGlobal to buy it.
The correlation of ENGlobal is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ENGlobal moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ENGlobal moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for ENGlobal can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether ENGlobal is a strong investment it is important to analyze ENGlobal'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 ENGlobal's future performance. For an informed investment choice regarding ENGlobal Stock, refer to the following important reports:
Check out the analysis of ENGlobal Correlation against competitors.
For more detail on how to invest in ENGlobal Stock please use our How to Invest in ENGlobal guide.
You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.

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When running ENGlobal's price analysis, check to measure ENGlobal's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ENGlobal is operating at the current time. Most of ENGlobal's value examination focuses on studying past and present price action to predict the probability of ENGlobal's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ENGlobal's price. Additionally, you may evaluate how the addition of ENGlobal to your portfolios can decrease your overall portfolio volatility.
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Is ENGlobal's industry 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 ENGlobal. If investors know ENGlobal 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 ENGlobal 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
(0.96)
Earnings Share
(3.03)
Revenue Per Share
7.813
Quarterly Revenue Growth
(0.21)
Return On Assets
(0.34)
The market value of ENGlobal is measured differently than its book value, which is the value of ENGlobal that is recorded on the company's balance sheet. Investors also form their own opinion of ENGlobal's value that differs from its market value or its book value, called intrinsic value, which is ENGlobal'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 ENGlobal's market value can be influenced by many factors that don't directly affect ENGlobal'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 ENGlobal's value and its price as these two are different measures arrived at by different means. Investors typically determine if ENGlobal is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ENGlobal'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.