Essent Long Term Debt vs Capital Surpluse Analysis

ESNT Stock

USD 56.76 0.83 1.48%

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

Long Term Debt vs Capital Surpluse

Long Term Debt vs Capital Surpluse Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Essent Group Long Term Debt account and Capital Surpluse. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Essent's Long Term Debt and Capital Surpluse is 0.92. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Capital Surpluse in the same time period over historical financial statements of Essent Group, assuming nothing else is changed. The correlation between historical values of Essent's Long Term Debt and Capital Surpluse is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of Essent Group are associated (or correlated) with its Capital Surpluse. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Surpluse has no effect on the direction of Long Term Debt i.e., Essent's Long Term Debt and Capital Surpluse go up and down completely randomly.

Correlation Coefficient

0.92

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Long Term Debt

Long-term debt is a debt that Essent Group has held for over one year. Long-term debt appears on Essent Group balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Essent Group balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

Capital Surpluse

Most indicators from Essent's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Essent Group 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 Essent Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Issuance Of Capital Stock is expected to grow at the current pace this year, whereas Selling General Administrative is likely to drop slightly above 80.5 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	805.3M	800.4M	890.3M	458.7M
Total Revenue	972.1M	972.1M	1.1B	581.4M

Gross Profit Total Revenue

Essent fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Other Current Liab	Total Stockholder Equity	Other Liab	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Short Term Investments	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Common Stock	Property Plant Equipment	Total Current Liabilities	Net Tangible Assets	Accounts Payable
Common Stock Shares Outstanding		0.81	-0.29	0.74	0.65	0.31	0.83	0.66	-0.35	0.7	-0.19	-0.06	0.67	0.64	0.84	0.81	0.8	0.87	0.84	0.35	0.39	0.81	0.36	0.84	0.76	0.48
Total Assets	0.81		-0.7	0.92	0.84	0.51	0.77	0.87	0.05	0.75	-0.33	-0.01	0.9	0.66	0.99	0.8	0.86	0.9	0.99	0.56	0.51	0.76	0.61	0.74	0.99	0.66
Other Current Liab	-0.29	-0.7		-0.78	-0.79	-0.72	-0.52	-0.82	-0.16	-0.41	0.36	-0.04	-0.71	-0.28	-0.63	-0.31	-0.53	-0.45	-0.64	-0.65	-0.46	-0.27	-0.68	-0.15	-0.75	-0.6
Total Stockholder Equity	0.74	0.92	-0.78		0.96	0.73	0.78	0.98	0.05	0.67	-0.3	0.13	0.95	0.46	0.91	0.75	0.77	0.83	0.9	0.49	0.37	0.72	0.56	0.7	0.92	0.6
Other Liab	0.65	0.84	-0.79	0.96		0.8	0.69	0.98	0.09	0.49	-0.4	0.31	0.88	0.29	0.84	0.69	0.63	0.73	0.78	0.42	0.21	0.66	0.55	0.63	0.85	0.5
Property Plant And Equipment Net	0.31	0.51	-0.72	0.73	0.8		0.53	0.81	-0.03	0.32	-0.14	0.36	0.64	-0.19	0.51	0.28	0.2	0.3	0.43	0.56	-0.05	0.22	0.68	0.31	0.57	0.22
Net Debt	0.83	0.77	-0.52	0.78	0.69	0.53		0.77	-0.55	0.61	-0.26	0.05	0.74	0.51	0.76	0.47	0.74	0.64	0.79	0.53	0.32	0.46	0.54	0.74	0.78	0.55
Retained Earnings	0.66	0.87	-0.82	0.98	0.98	0.81	0.77		0.03	0.57	-0.36	0.25	0.92	0.34	0.86	0.65	0.68	0.73	0.83	0.51	0.26	0.61	0.61	0.64	0.89	0.56
Cash	-0.35	0.05	-0.16	0.05	0.09	-0.03	-0.55	0.03		-0.05	-0.02	0.05	0.14	-0.04	0.04	0.23	-0.08	0.11	0.0	-0.2	0.04	0.22	-0.14	-0.16	0.03	0.01
Non Current Assets Total	0.7	0.75	-0.41	0.67	0.49	0.32	0.61	0.57	-0.05		0.36	-0.54	0.7	0.51	0.71	0.63	0.67	0.74	0.8	0.44	0.68	0.61	0.33	0.62	0.71	0.65
Non Currrent Assets Other	-0.19	-0.33	0.36	-0.3	-0.4	-0.14	-0.26	-0.36	-0.02	0.36		-0.66	-0.23	-0.34	-0.35	-0.17	-0.35	-0.22	-0.26	-0.18	0.14	-0.18	-0.35	-0.14	-0.35	-0.05
Other Assets	-0.06	-0.01	-0.04	0.13	0.31	0.36	0.05	0.25	0.05	-0.54	-0.66		0.08	-0.34	0.07	0.01	-0.2	-0.1	-0.11	-0.14	-0.79	-0.02	0.15	0.14	0.03	-0.35
Long Term Debt	0.67	0.9	-0.71	0.95	0.88	0.64	0.74	0.92	0.14	0.7	-0.23	0.08		0.5	0.89	0.72	0.77	0.82	0.89	0.43	0.37	0.7	0.49	0.75	0.89	0.57
Cash And Short Term Investments	0.64	0.66	-0.28	0.46	0.29	-0.19	0.51	0.34	-0.04	0.51	-0.34	-0.34	0.5		0.63	0.55	0.91	0.73	0.73	0.32	0.71	0.61	0.22	0.48	0.6	0.57
Net Receivables	0.84	0.99	-0.63	0.91	0.84	0.51	0.76	0.86	0.04	0.71	-0.35	0.07	0.89	0.63		0.84	0.83	0.91	0.96	0.5	0.42	0.8	0.58	0.78	0.97	0.55
Common Stock Total Equity	0.81	0.8	-0.31	0.75	0.69	0.28	0.47	0.65	0.23	0.63	-0.17	0.01	0.72	0.55	0.84		0.7	0.95	0.8	0.13	0.35	0.99	0.2	0.77	0.73	0.42
Short Term Investments	0.8	0.86	-0.53	0.77	0.63	0.2	0.74	0.68	-0.08	0.67	-0.35	-0.2	0.77	0.91	0.83	0.7		0.88	0.91	0.44	0.67	0.73	0.38	0.66	0.82	0.67
Other Stockholder Equity	0.87	0.9	-0.45	0.83	0.73	0.3	0.64	0.73	0.11	0.74	-0.22	-0.1	0.82	0.73	0.91	0.95	0.88		0.92	0.28	0.53	0.95	0.3	0.78	0.84	0.55
Total Liab	0.84	0.99	-0.64	0.9	0.78	0.43	0.79	0.83	0.0	0.8	-0.26	-0.11	0.89	0.73	0.96	0.8	0.91	0.92		0.52	0.58	0.78	0.53	0.77	0.96	0.71
Property Plant And Equipment Gross	0.35	0.56	-0.65	0.49	0.42	0.56	0.53	0.51	-0.2	0.44	-0.18	-0.14	0.43	0.32	0.5	0.13	0.44	0.28	0.52		0.43	0.09	0.94	0.14	0.62	0.42
Total Current Assets	0.39	0.51	-0.46	0.37	0.21	-0.05	0.32	0.26	0.04	0.68	0.14	-0.79	0.37	0.71	0.42	0.35	0.67	0.53	0.58	0.43		0.38	0.22	0.12	0.48	0.66
Common Stock	0.81	0.76	-0.27	0.72	0.66	0.22	0.46	0.61	0.22	0.61	-0.18	-0.02	0.7	0.61	0.8	0.99	0.73	0.95	0.78	0.09	0.38		0.13	0.76	0.68	0.41
Property Plant Equipment	0.36	0.61	-0.68	0.56	0.55	0.68	0.54	0.61	-0.14	0.33	-0.35	0.15	0.49	0.22	0.58	0.2	0.38	0.3	0.53	0.94	0.22	0.13		0.21	0.68	0.28
Total Current Liabilities	0.84	0.74	-0.15	0.7	0.63	0.31	0.74	0.64	-0.16	0.62	-0.14	0.14	0.75	0.48	0.78	0.77	0.66	0.78	0.77	0.14	0.12	0.76	0.21		0.69	0.4
Net Tangible Assets	0.76	0.99	-0.75	0.92	0.85	0.57	0.78	0.89	0.03	0.71	-0.35	0.03	0.89	0.6	0.97	0.73	0.82	0.84	0.96	0.62	0.48	0.68	0.68	0.69		0.66
Accounts Payable	0.48	0.66	-0.6	0.6	0.5	0.22	0.55	0.56	0.01	0.65	-0.05	-0.35	0.57	0.57	0.55	0.42	0.67	0.55	0.71	0.42	0.66	0.41	0.28	0.4	0.66

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Essent Account Relationship Matchups

Essent fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	98.2M	106.4M	111.6M	107.7M	107.1M	88.6M
Total Assets	3.9B	5.2B	5.7B	5.7B	6.4B	3.3B
Other Current Liab	(224.2M)	(302.6M)	(419.8M)	(418.5M)	(470.6M)	(447.1M)
Total Stockholder Equity	3.0B	3.9B	4.2B	4.5B	5.1B	5.4B
Other Liab	281.0M	305.1M	373.7M	516.1M	593.5M	623.2M
Property Plant And Equipment Net	17.3M	15.1M	11.9M	19.6M	41.3M	43.4M
Net Debt	152.9M	218.9M	338.3M	339.6M	280.1M	294.1M
Retained Earnings	1.8B	2.2B	2.8B	3.5B	4.1B	4.3B
Cash	71.4M	102.8M	81.5M	81.2M	141.8M	72.7M
Non Current Assets Total	3.4B	4.6B	5.0B	19.6M	4.0B	2.2B
Non Currrent Assets Other	(47.7M)	(49.4M)	(44.2M)	(4.8B)	(391.4M)	(410.9M)
Other Assets	(3.0B)	(4.1B)	(4.3B)	5.3B	2.2B	2.3B
Long Term Debt	248.6M	223.7M	224.2M	321.7M	370.0M	388.5M
Cash And Short Term Investments	3.4B	4.7B	5.0B	4.8B	141.8M	134.7M
Net Receivables	40.7M	50.1M	46.2M	57.4M	63.3M	33.4M
Short Term Investments	3.4B	4.6B	5.0B	4.7B	1.8B	2.5B
Liabilities And Stockholders Equity	3.9B	5.2B	5.7B	5.7B	6.4B	3.3B
Other Stockholder Equity	1.1B	1.6B	1.4B	1.4B	1.3B	1.1B
Total Liab	888.6M	1.3B	1.5B	1.3B	1.3B	775.4M
Property Plant And Equipment Gross	7.0M	7.6M	17.3M	15.1M	17.4M	10.3M
Total Current Assets	3.5B	4.7B	5.1B	390.7M	205.1M	194.8M
Accumulated Other Comprehensive Income	56.2M	138.3M	50.7M	(382.8M)	(280.5M)	(266.5M)
Property Plant Equipment	17.3M	15.1M	11.9M	19.6M	22.5M	11.5M
Total Current Liabilities	224.2M	321.7M	419.8M	418.5M	500.3M	372.3M
Net Tangible Assets	3.0B	3.9B	4.2B	4.5B	5.1B	2.6B
Accounts Payable	66.5M	87.9M	407.4M	104.5M	120.1M	90.6M
Non Current Liabilities Total	473.9M	626.8M	373.7M	843.0M	853.5M	896.2M
Other Current Assets	933.9M	1.4B	1.1B	1.3B	2.5B	2.6B
Long Term Investments	3.4B	4.7B	5.0B	4.7B	5.5B	3.3B
Short Long Term Debt	224.2M	321.7M	419.8M	420.9M	421.9M	268.1M
Short Term Debt	224.2M	321.7M	419.8M	420.9M	5.3M	5.0M
Intangible Assets	18.3M	19.9M	15.1M	13.9M	72.8M	76.5M
Retained Earnings Total Equity	1.8B	2.2B	2.8B	3.5B	4.0B	4.2B
Deferred Long Term Liab	249.6M	305.1M	373.7M	356.8M	410.3M	222.0M
Capital Surpluse	1.1B	1.6B	1.4B	1.4B	1.6B	1.3B
Non Current Liabilities Other	348.2M	625.4M	592.8M	379.4M	436.3M	427.7M
Short Long Term Debt Total	224.2M	321.7M	419.8M	420.9M	421.9M	327.4M

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