ESCO Other Current Assets vs Total Liab Analysis

ESE Stock  USD 148.94  0.42  0.28%   
ESCO Technologies financial indicator trend analysis is much more than just examining ESCO Technologies latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ESCO Technologies is a good investment. Please check the relationship between ESCO Technologies Other Current Assets and its Total Liab accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in ESCO Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.
For information on how to trade ESCO Stock refer to our How to Trade ESCO Stock guide.

Other Current Assets vs Total Liab

Other Current Assets vs Total Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ESCO Technologies Other Current Assets account and Total Liab. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between ESCO Technologies' Other Current Assets and Total Liab is -0.31. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Total Liab in the same time period over historical financial statements of ESCO Technologies, assuming nothing else is changed. The correlation between historical values of ESCO Technologies' Other Current Assets and Total Liab 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 Current Assets of ESCO Technologies are associated (or correlated) with its Total Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Liab has no effect on the direction of Other Current Assets i.e., ESCO Technologies' Other Current Assets and Total Liab go up and down completely randomly.

Correlation Coefficient

-0.31
Relationship DirectionNegative 
Relationship StrengthInsignificant

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.

Total Liab

The total amount of all liabilities that a company has, including both short-term and long-term liabilities.
Most indicators from ESCO Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ESCO Technologies 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 ESCO Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.
For information on how to trade ESCO Stock refer to our How to Trade ESCO Stock guide.The current year's Enterprise Value is expected to grow to about 2.6 B, whereas Selling General Administrative is forecasted to decline to about 138.6 M.
 2021 2022 2023 2024 (projected)
Gross Profit332.0M375.7M1.0B1.1B
Total Revenue857.5M956.0M1.0B615.0M

ESCO Technologies fundamental ratios Correlations

0.410.410.970.970.950.310.670.50.99-0.180.50.920.440.430.92-0.15-0.530.890.850.960.010.940.960.490.5
0.410.520.30.180.320.970.390.440.450.040.440.270.220.970.14-0.32-0.410.750.310.280.130.50.290.420.41
0.410.520.430.310.30.540.510.250.440.420.250.210.130.610.23-0.17-0.390.530.330.330.340.330.360.490.49
0.970.30.430.960.910.190.650.480.95-0.030.480.890.430.320.9-0.07-0.460.840.80.970.140.870.930.430.45
0.970.180.310.960.960.090.650.410.95-0.250.410.940.360.210.96-0.05-0.440.750.860.96-0.080.910.960.40.42
0.950.320.30.910.960.230.70.410.93-0.340.410.960.20.320.950.05-0.330.780.910.94-0.260.970.90.290.3
0.310.970.540.190.090.230.340.210.350.090.210.20.130.930.09-0.26-0.30.660.230.190.120.420.170.310.31
0.670.390.510.650.650.70.340.310.62-0.30.310.76-0.140.420.70.18-0.170.580.560.71-0.170.690.590.220.22
0.50.440.250.480.410.410.210.310.53-0.091.00.30.380.530.24-0.34-0.610.570.40.390.120.450.540.580.58
0.990.450.440.950.950.930.350.620.53-0.190.530.880.510.490.87-0.25-0.610.910.860.910.040.940.970.570.58
-0.180.040.42-0.03-0.25-0.340.09-0.3-0.09-0.19-0.09-0.360.120.03-0.32-0.020.07-0.01-0.3-0.120.66-0.39-0.24-0.02-0.02
0.50.440.250.480.410.410.210.311.00.53-0.090.30.380.530.24-0.34-0.610.570.40.390.120.450.540.580.58
0.920.270.210.890.940.960.20.760.30.88-0.360.30.170.250.970.08-0.260.740.790.96-0.230.920.860.220.24
0.440.220.130.430.360.20.13-0.140.380.510.120.380.170.290.2-0.82-0.850.50.180.260.560.270.560.790.8
0.430.970.610.320.210.320.930.420.530.490.030.530.250.290.15-0.42-0.550.760.320.270.170.490.350.560.56
0.920.140.230.90.960.950.090.70.240.87-0.320.240.970.20.150.1-0.270.690.80.95-0.20.890.870.230.24
-0.15-0.32-0.17-0.07-0.050.05-0.260.18-0.34-0.25-0.02-0.340.08-0.82-0.420.10.89-0.310.10.06-0.36-0.06-0.32-0.85-0.85
-0.53-0.41-0.39-0.46-0.44-0.33-0.3-0.17-0.61-0.610.07-0.61-0.26-0.85-0.55-0.270.89-0.61-0.29-0.32-0.33-0.42-0.68-0.98-0.98
0.890.750.530.840.750.780.660.580.570.91-0.010.570.740.50.760.69-0.31-0.610.70.80.180.860.820.570.58
0.850.310.330.80.860.910.230.560.40.86-0.30.40.790.180.320.80.1-0.290.70.79-0.250.890.80.270.27
0.960.280.330.970.960.940.190.710.390.91-0.120.390.960.260.270.950.06-0.320.80.79-0.040.880.890.280.29
0.010.130.340.14-0.08-0.260.12-0.170.120.040.660.12-0.230.560.17-0.2-0.36-0.330.18-0.25-0.04-0.210.030.380.37
0.940.50.330.870.910.970.420.690.450.94-0.390.450.920.270.490.89-0.06-0.420.860.890.88-0.210.880.370.38
0.960.290.360.930.960.90.170.590.540.97-0.240.540.860.560.350.87-0.32-0.680.820.80.890.030.880.630.65
0.490.420.490.430.40.290.310.220.580.57-0.020.580.220.790.560.23-0.85-0.980.570.270.280.380.370.631.0
0.50.410.490.450.420.30.310.220.580.58-0.020.580.240.80.560.24-0.85-0.980.580.270.290.370.380.651.0
Click cells to compare fundamentals

ESCO Technologies Account Relationship Matchups

ESCO Technologies fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.4B1.6B1.7B1.7B1.9B2.0B
Short Long Term Debt Total79.2M182.0M177.9M138.6M159.3M103.8M
Other Current Liab82.0M92.3M81.4M95.4M109.7M60.3M
Total Current Liabilities256.0M277.8M318.1M314.7M361.8M379.9M
Total Stockholder Equity961.6M1.0B1.0B1.1B1.3B1.4B
Property Plant And Equipment Net161.3M186.1M185.1M195.3M224.6M235.9M
Net Debt26.6M125.8M80.1M96.7M111.2M57.5M
Accounts Payable50.5M56.7M78.7M87.0M100.0M51.4M
Cash52.6M56.2M97.7M41.9M48.1M39.2M
Non Current Assets Total926.9M1.1B1.1B1.1B1.3B1.3B
Non Currrent Assets Other10.9M11.0M9.5M11.5M10.3M9.8M
Cash And Short Term Investments52.6M56.2M97.7M41.9M48.1M39.2M
Net Receivables238.4M240.1M289.8M337.2M387.8M407.2M
Common Stock Shares Outstanding26.1M26.2M26.1M25.9M25.9M28.0M
Liabilities And Stockholders Equity1.4B1.6B1.7B1.7B1.9B2.0B
Non Current Liabilities Total155.9M279.9M288.2M237.4M273.0M152.4M
Inventory136.2M147.1M162.4M184.1M211.7M222.3M
Other Current Assets17.1M22.7M22.7M18.0M20.7M18.1M
Other Stockholder Equity186.5M190.6M174.6M165.5M148.9M185.5M
Total Liab411.9M557.6M606.3M552.1M634.9M666.6M
Property Plant And Equipment Gross161.3M301.8M185.1M195.3M224.6M235.9M
Total Current Assets446.6M466.2M572.6M581.1M668.3M701.7M
Accumulated Other Comprehensive Income(3.7M)(2.2M)(31.8M)(24.0M)(27.6M)(28.9M)
Intangible Assets346.6M409.3M394.5M392.1M450.9M473.5M
Retained Earnings778.4M831.0M905.0M989.3M1.1B1.2B
Other Liab70.8M117.9M130.3M100.5M115.5M66.7M
Other Assets10.9M11.0M9.5M11.5M10.3M13.3M
Long Term Debt40M134M133M82M94.3M102.0M
Good Will408.1M504.9M492.7M503.2M578.7M311.3M
Treasury Stock(107.4M)(107.3M)(107.1M)(107.1M)(96.4M)(101.2M)
Property Plant Equipment139.9M186.1M185.1M195.3M224.6M114.0M
Current Deferred Revenue100.6M108.8M125.0M112.3M129.1M135.6M
Net Tangible Assets206.9M105.6M161.0M235.8M271.2M284.8M
Long Term Debt Total293.4M40M134M133M153.0M132.1M
Capital Surpluse292.4M293.7M297.6M301.6M346.8M316.4M

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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When determining whether ESCO Technologies is a strong investment it is important to analyze ESCO Technologies' 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 ESCO Technologies' future performance. For an informed investment choice regarding ESCO Stock, refer to the following important reports:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in ESCO Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.
For information on how to trade ESCO Stock refer to our How to Trade ESCO Stock guide.
You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
Is Industrial Machinery & Supplies & Components space 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 ESCO Technologies. If investors know ESCO 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 ESCO Technologies 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
(0.10)
Earnings Share
3.95
Revenue Per Share
38.821
Quarterly Revenue Growth
0.088
Return On Assets
0.0496
The market value of ESCO Technologies is measured differently than its book value, which is the value of ESCO that is recorded on the company's balance sheet. Investors also form their own opinion of ESCO Technologies' value that differs from its market value or its book value, called intrinsic value, which is ESCO Technologies' 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 ESCO Technologies' market value can be influenced by many factors that don't directly affect ESCO Technologies' 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 ESCO Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if ESCO Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ESCO Technologies' 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.