Essent Short Term Debt vs Short Term Investments Analysis

ESNT Stock

USD 56.76 0.83 1.48%

Essent financial indicator trend analysis is much more than just examining Essent Group latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Essent Group is a good investment. Please check the relationship between Essent Short Term Debt and its Short Term Investments accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Essent 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.

Short Term Debt vs Short Term Investments

Short Term Debt vs Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Essent Group Short Term Debt account and Short Term Investments. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Essent's Short Term Debt and Short Term Investments is 0.81. Overlapping area represents the amount of variation of Short Term Debt that can explain the historical movement of Short Term Investments in the same time period over historical financial statements of Essent Group, assuming nothing else is changed. The correlation between historical values of Essent's Short Term Debt and Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Debt of Essent Group are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Short Term Debt i.e., Essent's Short Term Debt and Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.81

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Short Term Debt

Short Term Investments

Short Term Investments is an item under the current assets section of Essent balance sheet. It contains any investments Essent Group undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Essent Group can easily liquidate in the marketplace.

Most indicators from Essent's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Essent 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 Essent 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.

Issuance Of Capital Stock is expected to grow at the current pace this year, whereas Selling General Administrative is likely to drop slightly above 80.5 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	805.3M	800.4M	890.3M	458.7M
Total Revenue	972.1M	972.1M	1.1B	581.4M

Gross Profit Total Revenue

Essent fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Other Current Liab	Total Stockholder Equity	Other Liab	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Short Term Investments	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Common Stock	Property Plant Equipment	Total Current Liabilities	Net Tangible Assets	Accounts Payable
Common Stock Shares Outstanding		0.81	-0.29	0.74	0.65	0.31	0.83	0.66	-0.35	0.7	0.04	-0.06	0.67	0.64	0.84	0.81	0.8	0.87	0.84	0.35	0.39	0.81	0.36	0.84	0.76	0.48
Total Assets	0.81		-0.7	0.92	0.84	0.51	0.77	0.87	0.05	0.75	0.07	-0.01	0.9	0.66	0.99	0.8	0.86	0.9	0.99	0.56	0.51	0.76	0.61	0.74	0.99	0.66
Other Current Liab	-0.29	-0.7		-0.78	-0.79	-0.72	-0.52	-0.82	-0.16	-0.41	-0.18	-0.04	-0.71	-0.28	-0.63	-0.31	-0.53	-0.45	-0.64	-0.65	-0.46	-0.27	-0.68	-0.15	-0.75	-0.6
Total Stockholder Equity	0.74	0.92	-0.78		0.96	0.73	0.78	0.98	0.05	0.67	0.28	0.13	0.95	0.46	0.91	0.75	0.77	0.83	0.9	0.49	0.37	0.72	0.56	0.7	0.92	0.6
Other Liab	0.65	0.84	-0.79	0.96		0.8	0.69	0.98	0.09	0.49	0.3	0.31	0.88	0.29	0.84	0.69	0.63	0.73	0.78	0.42	0.21	0.66	0.55	0.63	0.85	0.5
Property Plant And Equipment Net	0.31	0.51	-0.72	0.73	0.8		0.53	0.81	-0.03	0.32	0.59	0.36	0.64	-0.19	0.51	0.28	0.2	0.3	0.43	0.56	-0.05	0.22	0.68	0.31	0.57	0.22
Net Debt	0.83	0.77	-0.52	0.78	0.69	0.53		0.77	-0.55	0.61	0.11	0.05	0.74	0.51	0.76	0.47	0.74	0.64	0.79	0.53	0.32	0.46	0.54	0.74	0.78	0.55
Retained Earnings	0.66	0.87	-0.82	0.98	0.98	0.81	0.77		0.03	0.57	0.3	0.25	0.92	0.34	0.86	0.65	0.68	0.73	0.83	0.51	0.26	0.61	0.61	0.64	0.89	0.56
Cash	-0.35	0.05	-0.16	0.05	0.09	-0.03	-0.55	0.03		-0.05	0.04	0.05	0.14	-0.04	0.04	0.23	-0.08	0.11	0.0	-0.2	0.04	0.22	-0.14	-0.16	0.03	0.01
Non Current Assets Total	0.7	0.75	-0.41	0.67	0.49	0.32	0.61	0.57	-0.05		0.44	-0.54	0.7	0.51	0.71	0.63	0.67	0.74	0.8	0.44	0.68	0.61	0.33	0.62	0.71	0.65
Non Currrent Assets Other	0.04	0.07	-0.18	0.28	0.3	0.59	0.11	0.3	0.04	0.44		-0.13	0.27	-0.51	0.07	0.11	-0.22	0.04	0.06	0.05	-0.07	0.05	0.05	0.15	0.09	0.07
Other Assets	-0.06	-0.01	-0.04	0.13	0.31	0.36	0.05	0.25	0.05	-0.54	-0.13		0.08	-0.34	0.07	0.01	-0.2	-0.1	-0.11	-0.14	-0.79	-0.02	0.15	0.14	0.03	-0.35
Long Term Debt	0.67	0.9	-0.71	0.95	0.88	0.64	0.74	0.92	0.14	0.7	0.27	0.08		0.5	0.89	0.72	0.77	0.82	0.89	0.43	0.37	0.7	0.49	0.75	0.89	0.57
Cash And Short Term Investments	0.64	0.66	-0.28	0.46	0.29	-0.19	0.51	0.34	-0.04	0.51	-0.51	-0.34	0.5		0.63	0.55	0.91	0.73	0.73	0.32	0.71	0.61	0.22	0.48	0.6	0.57
Net Receivables	0.84	0.99	-0.63	0.91	0.84	0.51	0.76	0.86	0.04	0.71	0.07	0.07	0.89	0.63		0.84	0.83	0.91	0.96	0.5	0.42	0.8	0.58	0.78	0.97	0.55
Common Stock Total Equity	0.81	0.8	-0.31	0.75	0.69	0.28	0.47	0.65	0.23	0.63	0.11	0.01	0.72	0.55	0.84		0.7	0.95	0.8	0.13	0.35	0.99	0.2	0.77	0.73	0.42
Short Term Investments	0.8	0.86	-0.53	0.77	0.63	0.2	0.74	0.68	-0.08	0.67	-0.22	-0.2	0.77	0.91	0.83	0.7		0.88	0.91	0.44	0.67	0.73	0.38	0.66	0.82	0.67
Other Stockholder Equity	0.87	0.9	-0.45	0.83	0.73	0.3	0.64	0.73	0.11	0.74	0.04	-0.1	0.82	0.73	0.91	0.95	0.88		0.92	0.28	0.53	0.95	0.3	0.78	0.84	0.55
Total Liab	0.84	0.99	-0.64	0.9	0.78	0.43	0.79	0.83	0.0	0.8	0.06	-0.11	0.89	0.73	0.96	0.8	0.91	0.92		0.52	0.58	0.78	0.53	0.77	0.96	0.71
Property Plant And Equipment Gross	0.35	0.56	-0.65	0.49	0.42	0.56	0.53	0.51	-0.2	0.44	0.05	-0.14	0.43	0.32	0.5	0.13	0.44	0.28	0.52		0.43	0.09	0.94	0.14	0.62	0.42
Total Current Assets	0.39	0.51	-0.46	0.37	0.21	-0.05	0.32	0.26	0.04	0.68	-0.07	-0.79	0.37	0.71	0.42	0.35	0.67	0.53	0.58	0.43		0.38	0.22	0.12	0.48	0.66
Common Stock	0.81	0.76	-0.27	0.72	0.66	0.22	0.46	0.61	0.22	0.61	0.05	-0.02	0.7	0.61	0.8	0.99	0.73	0.95	0.78	0.09	0.38		0.13	0.76	0.68	0.41
Property Plant Equipment	0.36	0.61	-0.68	0.56	0.55	0.68	0.54	0.61	-0.14	0.33	0.05	0.15	0.49	0.22	0.58	0.2	0.38	0.3	0.53	0.94	0.22	0.13		0.21	0.68	0.28
Total Current Liabilities	0.84	0.74	-0.15	0.7	0.63	0.31	0.74	0.64	-0.16	0.62	0.15	0.14	0.75	0.48	0.78	0.77	0.66	0.78	0.77	0.14	0.12	0.76	0.21		0.69	0.4
Net Tangible Assets	0.76	0.99	-0.75	0.92	0.85	0.57	0.78	0.89	0.03	0.71	0.09	0.03	0.89	0.6	0.97	0.73	0.82	0.84	0.96	0.62	0.48	0.68	0.68	0.69		0.66
Accounts Payable	0.48	0.66	-0.6	0.6	0.5	0.22	0.55	0.56	0.01	0.65	0.07	-0.35	0.57	0.57	0.55	0.42	0.67	0.55	0.71	0.42	0.66	0.41	0.28	0.4	0.66

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Essent Account Relationship Matchups

Essent fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	98.2M	106.4M	111.6M	107.7M	107.1M	88.6M
Total Assets	3.9B	5.2B	5.7B	5.7B	6.4B	3.3B
Other Current Liab	(224.2M)	(302.6M)	(419.8M)	(418.5M)	(470.6M)	(447.1M)
Total Stockholder Equity	3.0B	3.9B	4.2B	4.5B	5.1B	5.4B
Other Liab	281.0M	305.1M	373.7M	516.1M	593.5M	623.2M
Property Plant And Equipment Net	17.3M	15.1M	11.9M	19.6M	41.3M	43.4M
Net Debt	152.9M	218.9M	338.3M	339.6M	280.1M	294.1M
Retained Earnings	1.8B	2.2B	2.8B	3.5B	4.1B	4.3B
Cash	71.4M	102.8M	81.5M	81.2M	141.8M	72.7M
Non Current Assets Total	3.4B	4.6B	5.0B	19.6M	4.0B	2.2B
Non Currrent Assets Other	(47.7M)	(49.4M)	(44.2M)	(4.8B)	3.6B	3.8B
Other Assets	(3.0B)	(4.1B)	(4.3B)	5.3B	2.2B	2.3B
Long Term Debt	248.6M	223.7M	224.2M	321.7M	370.0M	388.5M
Cash And Short Term Investments	3.4B	4.7B	5.0B	4.8B	141.8M	134.7M
Net Receivables	40.7M	50.1M	46.2M	57.4M	63.3M	33.4M
Short Term Investments	3.4B	4.6B	5.0B	4.7B	1.8B	2.5B
Liabilities And Stockholders Equity	3.9B	5.2B	5.7B	5.7B	6.4B	3.3B
Other Stockholder Equity	1.1B	1.6B	1.4B	1.4B	1.3B	1.1B
Total Liab	888.6M	1.3B	1.5B	1.3B	1.3B	775.4M
Property Plant And Equipment Gross	7.0M	7.6M	17.3M	15.1M	17.4M	10.3M
Total Current Assets	3.5B	4.7B	5.1B	390.7M	205.1M	194.8M
Accumulated Other Comprehensive Income	56.2M	138.3M	50.7M	(382.8M)	(280.5M)	(266.5M)
Property Plant Equipment	17.3M	15.1M	11.9M	19.6M	22.5M	11.5M
Total Current Liabilities	224.2M	321.7M	419.8M	418.5M	500.3M	372.3M
Net Tangible Assets	3.0B	3.9B	4.2B	4.5B	5.1B	2.6B
Accounts Payable	66.5M	87.9M	407.4M	104.5M	120.1M	90.6M
Non Current Liabilities Total	473.9M	626.8M	373.7M	843.0M	1.3B	1.4B
Other Current Assets	933.9M	1.4B	1.1B	1.3B	2.5B	2.6B
Long Term Investments	3.4B	4.7B	5.0B	4.7B	5.5B	3.3B
Short Long Term Debt	224.2M	321.7M	419.8M	420.9M	421.9M	268.1M
Short Term Debt	224.2M	321.7M	419.8M	420.9M	5.3M	5.0M
Intangible Assets	18.3M	19.9M	15.1M	13.9M	72.8M	76.5M
Retained Earnings Total Equity	1.8B	2.2B	2.8B	3.5B	4.0B	4.2B
Deferred Long Term Liab	249.6M	305.1M	373.7M	356.8M	410.3M	222.0M
Capital Surpluse	1.1B	1.6B	1.4B	1.4B	1.6B	1.3B
Non Current Liabilities Other	348.2M	625.4M	592.8M	379.4M	436.3M	427.7M
Short Long Term Debt Total	224.2M	321.7M	419.8M	420.9M	421.9M	327.4M

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