Equifax Net Interest Income vs Interest Expense Analysis
EFX Stock | USD 231.34 4.29 1.89% |
Equifax financial indicator trend analysis is much more than just examining Equifax latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Equifax is a good investment. Please check the relationship between Equifax Net Interest Income and its Interest Expense accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Equifax. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census. For more information on how to buy Equifax Stock please use our How to Invest in Equifax guide.
Net Interest Income vs Interest Expense
Net Interest Income vs Interest Expense Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Equifax Net Interest Income account and Interest Expense. At this time, the significance of the direction appears to have pay attention.
The correlation between Equifax's Net Interest Income and Interest Expense is -0.94. Overlapping area represents the amount of variation of Net Interest Income that can explain the historical movement of Interest Expense in the same time period over historical financial statements of Equifax, assuming nothing else is changed. The correlation between historical values of Equifax's Net Interest Income and Interest Expense is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Interest Income of Equifax are associated (or correlated) with its Interest Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Expense has no effect on the direction of Net Interest Income i.e., Equifax's Net Interest Income and Interest Expense go up and down completely randomly.
Correlation Coefficient | -0.94 |
Relationship Direction | Negative |
Relationship Strength | Significant |
Net Interest Income
The difference between the revenue generated from a bank's interest-bearing assets and the expenses associated with paying its interest-bearing liabilities.Interest Expense
The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.Most indicators from Equifax's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Equifax 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 Equifax. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census. For more information on how to buy Equifax Stock please use our How to Invest in Equifax guide.At this time, Equifax's Enterprise Value Over EBITDA is fairly stable compared to the past year. Enterprise Value Multiple is likely to rise to 34.63 in 2024, whereas Selling General Administrative is likely to drop slightly above 731.1 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 2.9B | 2.9B | 2.3B | 1.2B | Total Revenue | 4.9B | 5.1B | 5.3B | 5.5B |
Equifax fundamental ratios Correlations
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Equifax Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Equifax fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 7.9B | 9.6B | 11.0B | 11.5B | 12.3B | 12.9B | |
Short Long Term Debt Total | 3.4B | 4.4B | 5.3B | 5.8B | 5.7B | 6.0B | |
Other Current Liab | 1.1B | 1.1B | 1.1B | 664.3M | 748.5M | 785.9M | |
Total Current Liabilities | 1.4B | 2.5B | 2.3B | 2.0B | 2.0B | 2.1B | |
Total Stockholder Equity | 2.6B | 3.2B | 3.6B | 4.0B | 4.5B | 4.8B | |
Property Plant And Equipment Net | 947.6M | 1.1B | 1.3B | 1.6B | 1.8B | 1.9B | |
Net Debt | 3.0B | 2.7B | 5.1B | 5.5B | 5.5B | 5.8B | |
Retained Earnings | 4.1B | 4.2B | 4.8B | 5.3B | 5.6B | 5.9B | |
Cash | 401.3M | 1.7B | 224.7M | 285.2M | 216.8M | 162.5M | |
Non Current Assets Total | 6.7B | 7.1B | 9.9B | 10.2B | 10.9B | 11.5B | |
Non Currrent Assets Other | 304.2M | 405.6M | 353.1M | (241.6M) | (1.6B) | (1.5B) | |
Cash And Short Term Investments | 401.3M | 1.7B | 224.7M | 285.2M | 216.8M | 162.5M | |
Net Receivables | 532.1M | 630.6M | 727.6M | 857.7M | 917.2M | 963.1M | |
Liabilities And Stockholders Equity | 7.9B | 9.6B | 11.0B | 11.5B | 12.3B | 12.9B | |
Non Current Liabilities Total | 3.9B | 3.9B | 5.1B | 5.6B | 5.6B | 5.9B | |
Other Current Assets | 187.9M | 59M | 60.2M | 93.3M | 231.3M | 242.9M | |
Other Stockholder Equity | (1.2B) | (1.1B) | (1.1B) | (1.1B) | (879.9M) | (835.9M) | |
Total Liab | 5.3B | 6.4B | 7.4B | 7.6B | 7.6B | 8.0B | |
Total Current Assets | 1.2B | 2.5B | 1.1B | 1.4B | 1.4B | 1.4B | |
Short Term Debt | 3.1M | 1.1B | 824.8M | 967.2M | 963.4M | 1.0B | |
Intangible Assets | 1.1B | 1.1B | 2.0B | 1.9B | 2.0B | 2.1B | |
Accounts Payable | 148.3M | 159.1M | 211.6M | 250.8M | 197.6M | 207.5M | |
Property Plant And Equipment Gross | 947.6M | 1.1B | 2.3B | 2.7B | 3.1B | 3.2B | |
Accumulated Other Comprehensive Income | (631.6M) | (171.4M) | (295.4M) | (473.7M) | (431.2M) | (452.8M) | |
Other Liab | 467.3M | 641.1M | 678.3M | 663.9M | 763.5M | 801.7M | |
Other Assets | 304.2M | 153M | 5.9B | 293.2M | 337.2M | 467.4M | |
Long Term Debt | 3.4B | 3.3B | 4.5B | 4.8B | 4.7B | 5.0B | |
Good Will | 4.3B | 4.5B | 6.3B | 6.4B | 6.8B | 7.2B | |
Treasury Stock | (2.6B) | (2.5B) | (2.6B) | (2.7B) | (2.4B) | (2.5B) | |
Property Plant Equipment | 947.6M | 1.1B | 1.3B | 1.6B | 1.8B | 1.9B | |
Inventory | 88.1M | 104.1M | 108.4M | 134.3M | 1.0 | 0.95 | |
Current Deferred Revenue | 104M | 108.3M | 121.3M | 132.9M | 118.5M | 82.9M | |
Net Tangible Assets | (2.9B) | (2.4B) | (4.7B) | (4.3B) | (3.9B) | (3.7B) | |
Noncontrolling Interest In Consolidated Entity | 47.9M | 44.3M | 41.9M | 16.8M | 19.3M | 18.4M | |
Retained Earnings Total Equity | 4.1B | 4.2B | 4.8B | 5.3B | 6.0B | 4.3B |
Pair Trading with Equifax
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 Equifax 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 Equifax will appreciate offsetting losses from the drop in the long position's value.Moving against Equifax Stock
0.53 | NL | NL Industries | PairCorr |
0.51 | AL | Air Lease | PairCorr |
0.49 | CR | Crane Company Financial Report 8th of May 2024 | PairCorr |
0.42 | KAR | KAR Auction Services | PairCorr |
The ability to find closely correlated positions to Equifax could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Equifax 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 Equifax - 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 Equifax to buy it.
The correlation of Equifax 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 Equifax moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Equifax 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 Equifax 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.Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Equifax. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census. For more information on how to buy Equifax Stock please use our How to Invest in Equifax guide.Note that the Equifax information on this page should be used as a complementary analysis to other Equifax's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
Complementary Tools for Equifax Stock analysis
When running Equifax's price analysis, check to measure Equifax'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 Equifax is operating at the current time. Most of Equifax's value examination focuses on studying past and present price action to predict the probability of Equifax's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Equifax's price. Additionally, you may evaluate how the addition of Equifax to your portfolios can decrease your overall portfolio volatility.
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Is Equifax'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 Equifax. If investors know Equifax 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 Equifax 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 0.099 | Dividend Share 1.56 | Earnings Share 4.49 | Revenue Per Share 43.473 | Quarterly Revenue Growth 0.067 |
The market value of Equifax is measured differently than its book value, which is the value of Equifax that is recorded on the company's balance sheet. Investors also form their own opinion of Equifax's value that differs from its market value or its book value, called intrinsic value, which is Equifax'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 Equifax's market value can be influenced by many factors that don't directly affect Equifax'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 Equifax's value and its price as these two are different measures arrived at by different means. Investors typically determine if Equifax is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Equifax'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.