Envela Intangible Assets vs Long Term Debt Total Analysis

ELA Stock

USD 4.38 0.06 1.39%

Envela Corp financial indicator trend analysis is much more than just examining Envela Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Envela Corp is a good investment. Please check the relationship between Envela Corp Intangible Assets and its Long Term Debt Total accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Envela Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis.

For information on how to trade Envela Stock refer to our How to Trade Envela Stock guide.

Intangible Assets vs Long Term Debt Total

Intangible Assets vs Long Term Debt Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Envela Corp Intangible Assets account and Long Term Debt Total. At this time, the significance of the direction appears to have strong relationship.

The correlation between Envela Corp's Intangible Assets and Long Term Debt Total is 0.65. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Long Term Debt Total in the same time period over historical financial statements of Envela Corp, assuming nothing else is changed. The correlation between historical values of Envela Corp's Intangible Assets and Long Term Debt 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 Intangible Assets of Envela Corp are associated (or correlated) with its Long Term Debt Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt Total has no effect on the direction of Intangible Assets i.e., Envela Corp's Intangible Assets and Long Term Debt Total go up and down completely randomly.

Correlation Coefficient

0.65

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Intangible Assets

Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.

Long Term Debt Total

Most indicators from Envela Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Envela Corp 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 Envela Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis.

For information on how to trade Envela Stock refer to our How to Trade Envela Stock guide.At present, Envela Corp's Tax Provision is projected to decrease significantly based on the last few years of reporting. The current year's Sales General And Administrative To Revenue is expected to grow to 0.18, whereas Selling General Administrative is forecasted to decline to about 16.9 M.

	2021	2022	2023	2024 (projected)
Gross Profit	31.2M	44.8M	40.3M	42.3M
Total Revenue	141.0M	182.7M	171.7M	180.3M

Gross Profit Total Revenue

Envela Corp fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Non Current Assets Total	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Cash	Non Currrent Assets Other	Cash And Short Term Investments	Accounts Payable	Short Term Investments	Intangible Assets	Common Stock Total Equity
Total Assets		0.84	0.19	0.29	0.98	0.97	0.39	0.79	0.97	0.97	0.61	0.89	0.91	0.72	0.07	0.92	0.98	0.99	0.68	0.98	-0.15	0.98	-0.12	-0.65	0.72	0.6
Short Long Term Debt Total	0.84		-0.13	0.07	0.77	0.86	0.69	0.56	0.89	0.85	0.75	0.93	0.64	0.87	0.14	0.87	0.85	0.79	0.77	0.79	0.02	0.79	-0.24	-0.4	0.61	0.65
Other Current Liab	0.19	-0.13		0.36	0.22	0.13	-0.25	0.12	0.11	0.14	-0.24	-0.02	0.32	-0.08	0.12	0.11	0.15	0.23	0.02	0.2	-0.28	0.2	-0.22	-0.21	0.07	0.12
Total Current Liabilities	0.29	0.07	0.36		0.21	0.3	0.04	-0.03	0.28	0.16	-0.12	0.15	0.41	0.16	0.53	0.4	0.27	0.29	0.29	0.22	-0.2	0.22	0.56	0.11	0.38	-0.13
Total Stockholder Equity	0.98	0.77	0.22	0.21		0.91	0.21	0.84	0.92	0.95	0.6	0.8	0.93	0.6	0.0	0.82	0.94	0.99	0.58	0.99	-0.21	0.99	-0.14	-0.73	0.67	0.61
Property Plant And Equipment Net	0.97	0.86	0.13	0.3	0.91		0.52	0.77	0.99	0.94	0.55	0.93	0.83	0.78	0.01	0.96	0.99	0.93	0.73	0.93	-0.03	0.93	-0.13	-0.6	0.65	0.53
Net Debt	0.39	0.69	-0.25	0.04	0.21	0.52		0.11	0.55	0.45	0.43	0.75	0.07	0.85	0.13	0.66	0.47	0.29	0.71	0.28	0.26	0.28	-0.29	0.11	0.36	0.3
Retained Earnings	0.79	0.56	0.12	-0.03	0.84	0.77	0.11		0.75	0.81	0.22	0.64	0.67	0.43	-0.5	0.61	0.8	0.79	0.45	0.83	-0.28	0.83	-0.3	-0.69	0.56	0.22
Non Current Assets Total	0.97	0.89	0.11	0.28	0.92	0.99	0.55	0.75		0.95	0.59	0.95	0.81	0.81	0.04	0.97	0.98	0.94	0.77	0.94	-0.03	0.94	-0.18	-0.57	0.73	0.55
Net Receivables	0.97	0.85	0.14	0.16	0.95	0.94	0.45	0.81	0.95		0.63	0.91	0.82	0.79	-0.01	0.89	0.96	0.96	0.69	0.95	-0.24	0.95	-0.22	-0.6	0.68	0.61
Common Stock Shares Outstanding	0.61	0.75	-0.24	-0.12	0.6	0.55	0.43	0.22	0.59	0.63		0.65	0.54	0.63	0.43	0.57	0.56	0.61	0.44	0.57	0.14	0.57	-0.07	-0.36	0.34	0.91
Non Current Liabilities Total	0.89	0.93	-0.02	0.15	0.8	0.93	0.75	0.64	0.95	0.91	0.65		0.66	0.91	0.07	0.96	0.91	0.84	0.79	0.84	0.03	0.84	-0.25	-0.42	0.68	0.58
Inventory	0.91	0.64	0.32	0.41	0.93	0.83	0.07	0.67	0.81	0.82	0.54	0.66		0.43	0.17	0.76	0.85	0.94	0.44	0.9	-0.23	0.9	0.12	-0.76	0.57	0.58
Other Current Assets	0.72	0.87	-0.08	0.16	0.6	0.78	0.85	0.43	0.81	0.79	0.63	0.91	0.43		0.2	0.85	0.75	0.65	0.78	0.63	-0.06	0.63	-0.25	-0.11	0.62	0.54
Other Stockholder Equity	0.07	0.14	0.12	0.53	0.0	0.01	0.13	-0.5	0.04	-0.01	0.43	0.07	0.17	0.2		0.17	-0.02	0.08	0.17	0.0	0.06	0.0	0.39	0.34	0.17	0.43
Total Liab	0.92	0.87	0.11	0.4	0.82	0.96	0.66	0.61	0.97	0.89	0.57	0.96	0.76	0.85	0.17		0.93	0.88	0.79	0.86	-0.03	0.86	-0.08	-0.43	0.71	0.51
Property Plant And Equipment Gross	0.98	0.85	0.15	0.27	0.94	0.99	0.47	0.8	0.98	0.96	0.56	0.91	0.85	0.75	-0.02	0.93		0.95	0.7	0.95	-0.1	0.95	-0.13	-0.65	0.63	0.55
Total Current Assets	0.99	0.79	0.23	0.29	0.99	0.93	0.29	0.79	0.94	0.96	0.61	0.84	0.94	0.65	0.08	0.88	0.95		0.62	0.99	-0.22	0.99	-0.09	-0.69	0.69	0.61
Short Term Debt	0.68	0.77	0.02	0.29	0.58	0.73	0.71	0.45	0.77	0.69	0.44	0.79	0.44	0.78	0.17	0.79	0.7	0.62		0.65	0.08	0.65	-0.37	-0.16	0.69	0.35
Cash	0.98	0.79	0.2	0.22	0.99	0.93	0.28	0.83	0.94	0.95	0.57	0.84	0.9	0.63	0.0	0.86	0.95	0.99	0.65		-0.15	1.0	-0.17	-0.69	0.72	0.58
Non Currrent Assets Other	-0.15	0.02	-0.28	-0.2	-0.21	-0.03	0.26	-0.28	-0.03	-0.24	0.14	0.03	-0.23	-0.06	0.06	-0.03	-0.1	-0.22	0.08	-0.15		-0.15	-0.15	-0.02	-0.16	0.11
Cash And Short Term Investments	0.98	0.79	0.2	0.22	0.99	0.93	0.28	0.83	0.94	0.95	0.57	0.84	0.9	0.63	0.0	0.86	0.95	0.99	0.65	1.0	-0.15		-0.17	-0.69	0.72	0.58
Accounts Payable	-0.12	-0.24	-0.22	0.56	-0.14	-0.13	-0.29	-0.3	-0.18	-0.22	-0.07	-0.25	0.12	-0.25	0.39	-0.08	-0.13	-0.09	-0.37	-0.17	-0.15	-0.17		0.16	-0.17	-0.22
Short Term Investments	-0.65	-0.4	-0.21	0.11	-0.73	-0.6	0.11	-0.69	-0.57	-0.6	-0.36	-0.42	-0.76	-0.11	0.34	-0.43	-0.65	-0.69	-0.16	-0.69	-0.02	-0.69	0.16		-0.17	-0.46
Intangible Assets	0.72	0.61	0.07	0.38	0.67	0.65	0.36	0.56	0.73	0.68	0.34	0.68	0.57	0.62	0.17	0.71	0.63	0.69	0.69	0.72	-0.16	0.72	-0.17	-0.17		0.25
Common Stock Total Equity	0.6	0.65	0.12	-0.13	0.61	0.53	0.3	0.22	0.55	0.61	0.91	0.58	0.58	0.54	0.43	0.51	0.55	0.61	0.35	0.58	0.11	0.58	-0.22	-0.46	0.25

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Envela Corp Account Relationship Matchups

Envela Corp fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	27.0M	40.6M	59.3M	71.3M	73.5M	77.1M
Other Current Liab	916.5K	844.3K	1.8M	2.3M	2.5M	2.6M
Total Current Liabilities	4.8M	6.1M	9.8M	8.9M	9.0M	5.5M
Total Stockholder Equity	11.2M	17.6M	27.6M	43.3M	48.3M	50.7M
Property Plant And Equipment Net	3.7M	10.4M	15.5M	13.6M	15.1M	15.9M
Net Debt	8.7M	11.0M	16.0M	4.9M	1.4M	1.4M
Retained Earnings	(29.2M)	(22.9M)	(12.8M)	2.9M	10.0M	10.5M
Non Current Assets Total	8.7M	17.1M	24.9M	22.4M	23.6M	24.8M
Net Receivables	3.0M	2.8M	7.2M	8.5M	7.8M	8.2M
Liabilities And Stockholders Equity	27.0M	40.6M	59.3M	71.3M	73.5M	77.1M
Non Current Liabilities Total	11.0M	16.9M	21.8M	19.1M	16.2M	17.0M
Inventory	9.5M	10.0M	14.0M	18.8M	23.1M	24.3M
Other Current Assets	1.2M	1.2M	2.6M	1.7M	1.1M	745.1K
Other Stockholder Equity	42.2M	41.9M	40.2M	40.2M	38.0M	20.8M
Total Liab	15.8M	23.0M	31.6M	28.0M	25.2M	26.4M
Property Plant And Equipment Gross	3.7M	10.4M	18.1M	16.9M	19.1M	20.1M
Total Current Assets	18.4M	23.5M	34.4M	48.9M	49.9M	52.4M
Short Term Debt	2.3M	3.3M	4.3M	2.9M	3.2M	1.8M
Cash	4.5M	9.2M	10.1M	17.2M	17.9M	18.7M
Non Currrent Assets Other	204.8K	2.3M	237.8K	(1.3M)	201.4K	338.6K
Cash And Short Term Investments	4.5M	9.2M	10.1M	17.2M	17.9M	18.7M
Accounts Payable	1.5M	1.5M	2.5M	3.4M	3.1M	2.0M
Intangible Assets	3.4M	3.0M	3.0M	5.0M	4.3M	2.2M
Current Deferred Revenue	165.4K	429.0K	1.2M	282.5K	211.7K	201.1K
Net Tangible Assets	6.4M	13.2M	27.4M	34.4M	39.6M	41.6M
Retained Earnings Total Equity	(29.2M)	(22.9M)	(12.8M)	2.9M	3.3M	3.5M
Long Term Debt Total	8.6M	4.2M	16.0M	14.7M	16.9M	17.8M
Capital Lease Obligations	3.6M	4.8M	7.4M	6.1M	4.4M	3.2M
Property Plant Equipment	1.4M	10.4M	15.5M	9.4M	10.8M	5.9M
Other Assets	204.8K	5.8M	237.8K	186.8K	1.0	0.95

Pair Trading with Envela Corp

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 Envela Corp 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 Envela Corp will appreciate offsetting losses from the drop in the long position's value.

The ability to find closely correlated positions to Envela Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Envela Corp 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 Envela Corp - 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 Envela Corp to buy it.

The correlation of Envela Corp 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 Envela Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Envela Corp 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 Envela Corp 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 Correlation Correlation Matching

When determining whether Envela Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Envela Corp's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Envela Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Envela Corp Stock:

How To Invest In Envela

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Is Envela Stock a good investment?

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What is Envela Corp's Net Worth?

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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Envela Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis.

For information on how to trade Envela Stock refer to our How to Trade Envela Stock guide.

You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.

Complementary Tools for Envela Stock analysis

When running Envela Corp's price analysis, check to measure Envela Corp'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 Envela Corp is operating at the current time. Most of Envela Corp's value examination focuses on studying past and present price action to predict the probability of Envela Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Envela Corp's price. Additionally, you may evaluate how the addition of Envela Corp to your portfolios can decrease your overall portfolio volatility.

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Is Envela Corp'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 Envela Corp. If investors know Envela 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 Envela Corp 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

(0.78)

Earnings Share

0.27

Revenue Per Share

6.4

Quarterly Revenue Growth

(0.23)

Return On Assets

0.0756

The market value of Envela Corp is measured differently than its book value, which is the value of Envela that is recorded on the company's balance sheet. Investors also form their own opinion of Envela Corp's value that differs from its market value or its book value, called intrinsic value, which is Envela Corp'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 Envela Corp's market value can be influenced by many factors that don't directly affect Envela Corp'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 Envela Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Envela Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Envela Corp'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.

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Envela Intangible Assets vs Long Term Debt Total Analysis

Intangible Assets vs Long Term Debt Total

Intangible Assets vs Long Term Debt Total Correlation Analysis

Correlation Coefficient

Intangible Assets

Long Term Debt Total

Envela Corp fundamental ratios Correlations

Envela Corp Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Envela Corp fundamental ratios Accounts

Pair Trading with Envela Corp

Complementary Tools for Envela Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Total Current Assets	+ 0.99	Total Assets
Total Current Assets	+ 0.99	Total Stockholder Equity
Cash	+ 0.99	Total Stockholder Equity
Cash And Short Term Investments	+ 0.99	Total Stockholder Equity
Non Current Assets Total	+ 0.99	Property Plant And Equipment Net

Short Term Investments	- 0.76	Inventory
Short Term Investments	- 0.73	Total Stockholder Equity
Short Term Investments	- 0.69	Cash And Short Term Investments
Short Term Investments	- 0.69	Cash
Short Term Investments	- 0.69	Total Current Assets
Short Term Investments	- 0.69	Retained Earnings