Atmos Historical Balance Sheet
ATO Stock | USD 151.32 0.11 0.07% |
Trend analysis of Atmos Energy balance sheet accounts such as Total Assets of 26.5 B, Short and Long Term Debt Total of 8.2 B or Other Current Liab of 384.1 M provides information on Atmos Energy's total assets, liabilities, and equity, which is the actual value of Atmos Energy to its prevalent stockholders. By breaking down trends over time using Atmos Energy balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
Financial Statement Analysis is much more than just reviewing and examining Atmos Energy latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Atmos Energy is a good buy for the upcoming year.
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About Atmos Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of Atmos Energy at a specified time, usually calculated after every quarter, six months, or one year. Atmos Energy Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Atmos Energy and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Atmos currently owns. An asset can also be divided into two categories, current and non-current.
Atmos Energy Balance Sheet Chart
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Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.Total Assets
Total assets refers to the total amount of Atmos Energy assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Atmos Energy books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Total Current Liabilities
Total Current Liabilities is an item on Atmos Energy balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Atmos Energy are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Most accounts from Atmos Energy's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Atmos Energy current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Atmos Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. To learn how to invest in Atmos Stock, please use our How to Invest in Atmos Energy guide.At this time, Atmos Energy's Retained Earnings are very stable compared to the past year. As of the 30th of November 2024, Cash is likely to grow to about 322.7 M, while Other Current Liabilities is likely to drop about 384.1 M.
2021 | 2022 | 2023 | 2024 (projected) | Short and Long Term Debt Total | 8.1B | 7.0B | 7.8B | 8.2B | Total Assets | 22.2B | 22.5B | 25.2B | 26.5B |
Atmos Energy balance sheet Correlations
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Atmos Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Atmos Energy balance sheet Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 122.9M | 129.8M | 138.1M | 145.2M | 152.7M | 160.3M | |
Total Assets | 15.4B | 19.6B | 22.2B | 22.5B | 25.2B | 26.5B | |
Short Long Term Debt Total | 4.5B | 7.3B | 8.1B | 7.0B | 7.8B | 8.2B | |
Other Current Liab | 457.2M | 686.4M | 729.8M | 649.7M | 646.4M | 384.1M | |
Total Current Liabilities | 782.4M | 3.5B | 3.6B | 1.4B | 1.2B | 1.1B | |
Total Stockholder Equity | 6.8B | 7.9B | 9.4B | 10.9B | 12.2B | 12.8B | |
Property Plant And Equipment Net | 13.4B | 15.1B | 17.2B | 19.8B | 22.5B | 23.6B | |
Current Deferred Revenue | 56.5M | 49.7M | 56.0M | 65.3M | 75.1M | 63.9M | |
Net Debt | 4.5B | 7.2B | 8.1B | 7.0B | 7.5B | 7.9B | |
Retained Earnings | 2.5B | 2.8B | 3.2B | 3.7B | 4.2B | 4.4B | |
Accounts Payable | 141.1M | 224.9M | 258.5M | 218.2M | 341.9M | 221.6M | |
Cash | 20.8M | 116.7M | 51.6M | 15.4M | 307.3M | 322.7M | |
Non Current Assets Total | 14.9B | 16.8B | 19.1B | 21.6B | 24.1B | 25.3B | |
Non Currrent Assets Other | 23.4M | 27.7M | (921.7M) | 491.6M | 683.5M | 717.7M | |
Cash And Short Term Investments | 20.8M | 116.7M | 51.6M | 15.4M | 308.9M | 324.3M | |
Net Receivables | 230.6M | 343.0M | 375.6M | 342.6M | 365.9M | 258.6M | |
Common Stock Total Equity | 597K | 629K | 662K | 704K | 809.6K | 411.8K | |
Liabilities And Stockholders Equity | 15.4B | 19.6B | 22.2B | 22.5B | 25.2B | 26.5B | |
Non Current Liabilities Total | 7.8B | 8.2B | 9.2B | 10.3B | 10.4B | 10.9B | |
Inventory | 112.0M | 178.1M | 357.9M | 280.1M | 186.5M | 235.4M | |
Other Current Assets | 101.1M | 2.2B | 2.2B | 247.7M | 457.6M | 272.3M | |
Other Stockholder Equity | 4.4B | 5.0B | 5.8B | 6.7B | 7.5B | 7.8B | |
Total Liab | 8.6B | 11.7B | 12.8B | 11.6B | 13.0B | 13.7B | |
Property Plant And Equipment Gross | 13.6B | 18.1B | 20.5B | 23.1B | 26.1B | 27.4B | |
Total Current Assets | 471.3M | 2.8B | 3.0B | 885.8M | 1.1B | 835.0M | |
Accumulated Other Comprehensive Income | (57.6M) | 69.8M | 369.1M | 518.5M | 465.7M | 489.0M | |
Short Term Debt | 35.9M | 2.4B | 2.4B | 289.2M | 1.7M | 1.6M | |
Common Stock | 629K | 662K | 704K | 742K | 776K | 448.9K | |
Other Liab | 3.1B | 3.3B | 3.4B | 3.5B | 4.0B | 4.2B | |
Other Assets | 470.1M | 974.7M | 1.2B | 494.1M | 568.2M | 364.9M | |
Long Term Debt | 4.5B | 4.9B | 5.8B | 6.6B | 7.9B | 8.3B | |
Property Plant Equipment | 13.4B | 15.1B | 17.2B | 19.8B | 22.8B | 23.9B | |
Net Tangible Assets | 7.2B | 7.2B | 8.7B | 10.0B | 11.6B | 12.1B | |
Retained Earnings Total Equity | 2.2B | 2.5B | 2.8B | 3.2B | 3.7B | 3.9B | |
Long Term Debt Total | 3.5B | 4.5B | 4.9B | 5.8B | 6.6B | 3.4B | |
Capital Surpluse | 3.7B | 4.4B | 5.0B | 5.8B | 6.7B | 7.0B | |
Deferred Long Term Liab | 1.5B | 974.7M | 1.2B | 375.6M | 338.1M | 321.2M |
Pair Trading with Atmos Energy
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 Atmos Energy 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 Atmos Energy will appreciate offsetting losses from the drop in the long position's value.Moving together with Atmos Stock
Moving against Atmos Stock
0.57 | ES | Eversource Energy | PairCorr |
0.5 | FE | FirstEnergy Sell-off Trend | PairCorr |
0.45 | NFE | New Fortress Energy | PairCorr |
0.31 | ED | Consolidated Edison | PairCorr |
The ability to find closely correlated positions to Atmos Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Atmos Energy 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 Atmos Energy - 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 Atmos Energy to buy it.
The correlation of Atmos Energy 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 Atmos Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Atmos Energy 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 Atmos Energy 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Atmos Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. To learn how to invest in Atmos Stock, please use our How to Invest in Atmos Energy guide.You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
Is Gas 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 Atmos Energy. If investors know Atmos 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 Atmos Energy 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 0.148 | Earnings Share 6.83 | Revenue Per Share 27.161 | Quarterly Revenue Growth 0.059 | Return On Assets 0.0358 |
The market value of Atmos Energy is measured differently than its book value, which is the value of Atmos that is recorded on the company's balance sheet. Investors also form their own opinion of Atmos Energy's value that differs from its market value or its book value, called intrinsic value, which is Atmos Energy'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 Atmos Energy's market value can be influenced by many factors that don't directly affect Atmos Energy'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 Atmos Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Atmos Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Atmos Energy'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.