EIX Stock | | | USD 86.87 0.22 0.25% |
Edison International financial indicator trend analysis is much more than just examining Edison International latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Edison International is a good investment. Please check the relationship between Edison International Total Current Liabilities and its Non Current Assets Total accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Edison International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in gross domestic product.
For more information on how to buy Edison Stock please use our
How to Invest in Edison International guide.
Total Current Liabilities vs Non Current Assets Total
Total Current Liabilities vs Non Current Assets Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Edison International Total Current Liabilities account and
Non Current Assets Total. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Edison International's Total Current Liabilities and Non Current Assets Total is 0.84. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of Edison International, assuming nothing else is changed. The correlation between historical values of Edison International's Total Current Liabilities 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 Total Current Liabilities of Edison International 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 Total Current Liabilities i.e., Edison International's Total Current Liabilities and Non Current Assets Total go up and down completely randomly.
Correlation Coefficient | 0.84 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Total Current Liabilities
Total Current Liabilities is an item on Edison International balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Edison International 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.
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 Edison International's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Edison International 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 Edison International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in gross domestic product.
For more information on how to buy Edison Stock please use our
How to Invest in Edison International guide.At this time, Edison International's
Selling General Administrative is fairly stable compared to the past year.
Discontinued Operations is likely to rise to about 40.3
M in 2024, whereas
Issuance Of Capital Stock is likely to drop slightly above 18.1
M in 2024.
Edison International fundamental ratios Correlations
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Edison International Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Edison International fundamental ratios Accounts
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