Elanco Debt To Equity from 2010 to 2024
| ELAN Stock | USD 13.40 0.04 0.30% |
Debt To Equity | First Reported 2010-12-31 | Previous Quarter 0.9278483 | Current Value 0.56 | Quarterly Volatility 0.16430262 |
Check Elanco Animal financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Elanco Animal's main balance sheet or income statement drivers, such as Depreciation And Amortization of 466.4 M, Interest Expense of 290.9 M or Selling General Administrative of 1 B, as well as many indicators such as Price To Sales Ratio of 1.58, Dividend Yield of 0.0 or PTB Ratio of 1.76. Elanco financial statements analysis is a perfect complement when working with Elanco Animal Valuation or Volatility modules.
Elanco | Debt To Equity |
Latest Elanco Animal's Debt To Equity Growth Pattern
Below is the plot of the Debt To Equity of Elanco Animal Health over the last few years. It is a measure of a company's financial leverage calculated by dividing its total liabilities by stockholders' equity, indicating the proportion of equity and debt the company is using to finance its assets. Elanco Animal's Debt To Equity historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Elanco Animal's overall financial position and show how it may be relating to other accounts over time.
| View | Last Reported 0.87 % | 10 Years Trend |
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Debt To Equity |
| Timeline |
Elanco Debt To Equity Regression Statistics
| Arithmetic Mean | 0.57 | |
| Geometric Mean | 0.55 | |
| Coefficient Of Variation | 28.81 | |
| Mean Deviation | 0.13 | |
| Median | 0.48 | |
| Standard Deviation | 0.16 | |
| Sample Variance | 0.03 | |
| Range | 0.5033 | |
| R-Value | 0.68 | |
| Mean Square Error | 0.02 | |
| R-Squared | 0.47 | |
| Significance | 0.01 | |
| Slope | 0.03 | |
| Total Sum of Squares | 0.38 |
Elanco Debt To Equity History
About Elanco Animal Financial Statements
Elanco Animal investors utilize fundamental indicators, such as Debt To Equity, to predict how Elanco Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Debt To Equity | 0.93 | 0.56 |
Pair Trading with Elanco Animal
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 Elanco Animal 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 Elanco Animal will appreciate offsetting losses from the drop in the long position's value.Moving against Elanco Stock
| 0.75 | EWTX | Edgewise Therapeutics | PairCorr |
| 0.67 | KTTAW | Pasithea Therapeutics | PairCorr |
| 0.59 | GILD | Gilead Sciences | PairCorr |
| 0.56 | VRDN | Viridian Therapeutics | PairCorr |
| 0.49 | BMY | Bristol Myers Squibb | PairCorr |
The ability to find closely correlated positions to Elanco Animal could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Elanco Animal 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 Elanco Animal - 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 Elanco Animal Health to buy it.
The correlation of Elanco Animal 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 Elanco Animal moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Elanco Animal Health 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 Elanco Animal 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 the analysis of Elanco Animal Correlation against competitors. You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
Is Pharmaceuticals 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 Elanco Animal. If investors know Elanco 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 Elanco Animal 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 (0.71) | Earnings Share 0.41 | Revenue Per Share 9.023 | Quarterly Revenue Growth (0.04) | Return On Assets 0.0118 |
The market value of Elanco Animal Health is measured differently than its book value, which is the value of Elanco that is recorded on the company's balance sheet. Investors also form their own opinion of Elanco Animal's value that differs from its market value or its book value, called intrinsic value, which is Elanco Animal'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 Elanco Animal's market value can be influenced by many factors that don't directly affect Elanco Animal'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 Elanco Animal's value and its price as these two are different measures arrived at by different means. Investors typically determine if Elanco Animal is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Elanco Animal'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.