Essential Non Current Liabilities Total vs Non Current Assets Total Analysis

WTRG Stock  USD 40.48  0.11  0.27%   
Essential Utilities financial indicator trend analysis is much more than just examining Essential Utilities latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Essential Utilities is a good investment. Please check the relationship between Essential Utilities Non Current Liabilities Total and its Non Current Assets Total accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Essential Utilities. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
For more detail on how to invest in Essential Stock please use our How to Invest in Essential Utilities guide.

Non Current Liabilities Total vs Non Current Assets Total

Non Current Liabilities Total vs Non Current Assets Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Essential Utilities Non Current Liabilities Total account and Non Current Assets Total. At this time, the significance of the direction appears to have totally related.
The correlation between Essential Utilities' Non Current Liabilities Total and Non Current Assets Total is 1.0. Overlapping area represents the amount of variation of Non Current Liabilities Total that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of Essential Utilities, assuming nothing else is changed. The correlation between historical values of Essential Utilities' Non Current Liabilities Total and Non Current Assets Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Liabilities Total of Essential Utilities are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Non Current Liabilities Total i.e., Essential Utilities' Non Current Liabilities Total and Non Current Assets Total go up and down completely randomly.

Correlation Coefficient

1.0
Relationship DirectionPositive 
Relationship StrengthVery Strong

Non Current Liabilities Total

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.
Most indicators from Essential Utilities' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Essential Utilities 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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Essential Utilities. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
For more detail on how to invest in Essential Stock please use our How to Invest in Essential Utilities guide.At this time, Essential Utilities' Enterprise Value is most likely to increase significantly in the upcoming years.
 2021 2022 2023 2024 (projected)
Gross Profit987.3M1.1B782.3M439.5M
Total Revenue1.9B2.3B2.1B2.2B

Essential Utilities fundamental ratios Correlations

0.730.690.440.690.710.730.650.730.690.120.710.380.120.740.740.60.170.680.730.40.720.98-0.220.940.55
0.730.990.880.930.991.00.960.930.980.031.00.850.030.921.00.870.620.981.00.290.620.72-0.680.830.88
0.690.990.880.950.980.990.980.890.99-0.041.00.87-0.040.940.990.90.640.980.990.240.640.68-0.680.80.9
0.440.880.880.770.860.880.880.810.85-0.110.890.98-0.110.680.880.670.870.850.880.070.310.44-0.930.60.85
0.690.930.950.770.90.930.950.820.97-0.120.930.79-0.120.950.930.940.610.90.940.190.820.66-0.50.740.88
0.710.990.980.860.90.980.930.910.960.130.980.840.130.90.980.850.610.990.980.380.60.71-0.680.820.83
0.731.00.990.880.930.980.970.950.97-0.021.00.85-0.020.911.00.860.640.951.00.240.630.73-0.690.830.9
0.650.960.980.880.950.930.970.850.99-0.230.980.88-0.230.940.970.90.650.930.980.060.640.63-0.680.750.96
0.730.930.890.810.820.910.950.850.860.090.920.730.090.790.940.740.540.850.930.290.560.78-0.640.830.83
0.690.980.990.850.970.960.970.990.86-0.120.980.86-0.120.960.970.930.630.950.980.170.70.67-0.620.780.91
0.120.03-0.04-0.11-0.120.13-0.02-0.230.09-0.12-0.06-0.151.0-0.13-0.02-0.14-0.130.14-0.030.94-0.060.160.080.14-0.42
0.711.01.00.890.930.981.00.980.920.98-0.060.86-0.060.931.00.880.630.961.00.210.620.71-0.690.810.91
0.380.850.870.980.790.840.850.880.730.86-0.150.86-0.150.70.850.730.90.850.850.050.350.36-0.90.540.84
0.120.03-0.04-0.11-0.120.13-0.02-0.230.09-0.121.0-0.06-0.15-0.13-0.02-0.14-0.130.14-0.030.94-0.060.160.080.14-0.42
0.740.920.940.680.950.90.910.940.790.96-0.130.930.7-0.130.920.940.410.90.930.180.780.71-0.420.780.85
0.741.00.990.880.930.981.00.970.940.97-0.021.00.85-0.020.920.860.620.961.00.240.620.73-0.680.830.9
0.60.870.90.670.940.850.860.90.740.93-0.140.880.73-0.140.940.860.480.860.870.170.80.57-0.420.690.85
0.170.620.640.870.610.610.640.650.540.63-0.130.630.9-0.130.410.620.480.610.630.00.210.15-0.840.320.65
0.680.980.980.850.90.990.950.930.850.950.140.960.850.140.90.960.860.610.960.40.580.66-0.670.790.8
0.731.00.990.880.940.981.00.980.930.98-0.031.00.85-0.030.931.00.870.630.960.240.640.72-0.680.820.9
0.40.290.240.070.190.380.240.060.290.170.940.210.050.940.180.240.170.00.40.240.250.410.00.41-0.17
0.720.620.640.310.820.60.630.640.560.7-0.060.620.35-0.060.780.620.80.210.580.640.250.680.00.670.58
0.980.720.680.440.660.710.730.630.780.670.160.710.360.160.710.730.570.150.660.720.410.68-0.240.960.55
-0.22-0.68-0.68-0.93-0.5-0.68-0.69-0.68-0.64-0.620.08-0.69-0.90.08-0.42-0.68-0.42-0.84-0.67-0.680.00.0-0.24-0.43-0.67
0.940.830.80.60.740.820.830.750.830.780.140.810.540.140.780.830.690.320.790.820.410.670.96-0.430.66
0.550.880.90.850.880.830.90.960.830.91-0.420.910.84-0.420.850.90.850.650.80.9-0.170.580.55-0.670.66
Click cells to compare fundamentals

Essential Utilities Account Relationship Matchups

Essential Utilities fundamental ratios Accounts

201920202021202220232024 (projected)
Common Stock Shares Outstanding215.9M254.6M258.2M262.9M267.7M153.6M
Total Assets9.4B13.7B14.7B15.7B16.8B17.7B
Short Long Term Debt Total3.1B5.7B6.0B6.8B7.1B7.4B
Other Current Liab188.1M441.3M477.9M313.0M911.3M956.9M
Total Current Liabilities318.8M603.9M675.1M1.0B797.9M837.8M
Total Stockholder Equity3.9B4.7B5.2B5.4B5.9B6.2B
Property Plant And Equipment Net6.3B9.5B10.3B11.1B12.1B12.7B
Net Debt1.2B5.7B6.0B6.8B7.0B7.4B
Retained Earnings1.2B1.3B1.4B1.5B1.7B1.8B
Accounts Payable74.9M177.5M192.9M238.8M221.2M232.3M
Cash1.9B4.8M10.6M11.4M4.6M4.4M
Non Current Assets Total7.3B13.3B14.2B15.1B16.3B17.2B
Non Currrent Assets Other42.7M1.5B1.6B1.5B4.3B4.5B
Cash And Short Term Investments1.9B4.8M10.6M11.4M4.6M4.4M
Net Receivables107.6M273.3M260.9M376.8M245.7M258.0M
Liabilities And Stockholders Equity9.4B13.7B14.7B15.7B16.8B17.7B
Non Current Liabilities Total5.2B8.4B8.8B9.3B10.1B10.7B
Inventory18.4M58.4M109.6M199.7M112.7M118.3M
Other Current Assets16.3M43.7M56.7M59.0M492.0M516.6M
Other Stockholder Equity2.6B3.3B3.6B3.7B4.1B4.3B
Total Liab5.5B9.0B9.5B10.3B10.9B11.5B
Total Current Assets2.0B380.2M437.8M658.2M492.0M246.7M
Short Term Debt130.8M162.6M197.1M427.9M227.5M125.3M
Common Stock111.9M124.3M128.1M133.5M138.3M72.4M
Current Deferred Revenue(74.9M)(177.5M)(192.9M)42.2M(562.1M)(534.0M)
Common Stock Total Equity111.9M124.3M128.1M133.5M153.5M89.6M
Property Plant And Equipment Gross12.9M9.6B12.6B13.7B15.0B15.8B
Good Will63.8M2.3B2.3B2.3B2.3B2.5B
Short Term Investments6.7M7.0M6.0M1.3B1.4B1.5B
Net Tangible Assets3.9B2.5B5.2B3.2B3.7B3.2B
Long Term Debt2.9B5.5B5.8B6.4B6.8B3.9B
Retained Earnings Total Equity1.2B1.3B1.4B1.5B1.8B1.2B
Long Term Debt Total2.9B5.5B5.8B6.4B7.3B7.7B
Capital Surpluse2.6B3.4B3.7B3.8B4.4B4.6B
Deferred Long Term Liab936.2M1.3B4.0B1.3B1.5B1.4B
Treasury Stock(77.7M)(81.3M)(83.6M)(83.7M)(75.3M)(79.1M)
Non Current Liabilities Other1.2B1.5B1.5B1.5B669.2M1.2B
Accumulated Depreciation(1.9B)(2.1B)(2.4B)(2.6B)(2.3B)(2.5B)

Currently Active Assets on Macroaxis

When determining whether Essential Utilities is a strong investment it is important to analyze Essential Utilities' 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 Essential Utilities' future performance. For an informed investment choice regarding Essential Stock, refer to the following important reports:
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Essential Utilities. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
For more detail on how to invest in Essential Stock please use our How to Invest in Essential Utilities guide.
You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Is Water Utilities 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 Essential Utilities. If investors know Essential 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 Essential Utilities 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
(0.19)
Dividend Share
1.228
Earnings Share
2.04
Revenue Per Share
7.128
Quarterly Revenue Growth
(0.01)
The market value of Essential Utilities is measured differently than its book value, which is the value of Essential that is recorded on the company's balance sheet. Investors also form their own opinion of Essential Utilities' value that differs from its market value or its book value, called intrinsic value, which is Essential Utilities' 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 Essential Utilities' market value can be influenced by many factors that don't directly affect Essential Utilities' 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 Essential Utilities' value and its price as these two are different measures arrived at by different means. Investors typically determine if Essential Utilities is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Essential Utilities' 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.