CenterPoint Historical Balance Sheet
CNP Stock | USD 32.48 0.55 1.72% |
Trend analysis of CenterPoint Energy balance sheet accounts such as Total Assets of 25.7 B, Short and Long Term Debt Total of 10.8 B or Other Current Liab of 1.3 B provides information on CenterPoint Energy's total assets, liabilities, and equity, which is the actual value of CenterPoint Energy to its prevalent stockholders. By breaking down trends over time using CenterPoint 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 CenterPoint 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 CenterPoint Energy is a good buy for the upcoming year.
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About CenterPoint Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of CenterPoint Energy at a specified time, usually calculated after every quarter, six months, or one year. CenterPoint Energy Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of CenterPoint 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 CenterPoint currently owns. An asset can also be divided into two categories, current and non-current.
CenterPoint 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 CenterPoint 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 CenterPoint 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.Most accounts from CenterPoint Energy's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into CenterPoint 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 CenterPoint 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 board of governors. To learn how to invest in CenterPoint Stock, please use our How to Invest in CenterPoint Energy guide.At this time, CenterPoint Energy's Short Term Debt is relatively stable compared to the past year. As of 11/25/2024, Other Liabilities is likely to grow to about 10.3 B, while Short and Long Term Debt Total is likely to drop slightly above 10.8 B.
2021 | 2022 | 2023 | 2024 (projected) | Short and Long Term Debt Total | 16.1B | 16.9B | 18.6B | 10.8B | Total Assets | 37.7B | 38.5B | 39.7B | 25.7B |
CenterPoint Energy balance sheet Correlations
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CenterPoint Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
CenterPoint Energy balance sheet Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 505.2M | 531.0M | 609.9M | 632.3M | 633.2M | 388.1M | |
Total Assets | 35.5B | 33.5B | 37.7B | 38.5B | 39.7B | 25.7B | |
Short Long Term Debt Total | 15.1B | 13.4B | 16.1B | 16.9B | 18.6B | 10.8B | |
Other Current Liab | 2.1B | 1.7B | 2.1B | 1.3B | 1.5B | 1.3B | |
Total Current Liabilities | 4.0B | 4.8B | 4.3B | 5.1B | 3.9B | 3.3B | |
Total Stockholder Equity | 8.4B | 8.3B | 9.4B | 10.0B | 9.7B | 5.1B | |
Property Plant And Equipment Net | 20.6B | 22.4B | 23.5B | 27.1B | 30.4B | 31.9B | |
Current Deferred Revenue | 204M | 124M | 119M | 111M | 110M | 76.3M | |
Net Debt | 14.9B | 13.3B | 15.9B | 16.8B | 18.5B | 10.4B | |
Retained Earnings | 632M | (845M) | 154M | 709M | 1.1B | 1.1B | |
Accounts Payable | 884M | 853M | 1.2B | 1.4B | 917M | 961.9M | |
Cash | 241M | 147M | 230M | 74M | 90M | 85.5M | |
Non Current Assets Total | 31.6B | 30.6B | 30.3B | 33.8B | 36.7B | 22.1B | |
Non Currrent Assets Other | 1.2B | 252M | 2.5B | (1.6B) | 2.1B | 2.2B | |
Cash And Short Term Investments | 1.1B | 147M | 1.7B | 584M | 650M | 569.7M | |
Net Receivables | 1.3B | 1.3B | 1.2B | 1.7B | 1.3B | 1.4B | |
Liabilities And Stockholders Equity | 35.5B | 33.5B | 37.7B | 38.5B | 39.7B | 25.7B | |
Non Current Liabilities Total | 23.2B | 20.3B | 24.0B | 23.4B | 26.2B | 15.5B | |
Inventory | 472M | 500M | 608M | 876M | 770M | 447.7M | |
Other Current Assets | 3.6B | 139M | 3.9B | 1.5B | 287M | 272.7M | |
Other Stockholder Equity | 6.1B | 6.9B | 8.5B | 8.6B | 8.6B | 4.4B | |
Total Liab | 27.2B | 25.1B | 28.3B | 28.5B | 30.0B | 20.6B | |
Property Plant And Equipment Gross | 20.9B | 22.4B | 33.7B | 37.7B | 40.4B | 42.4B | |
Total Current Assets | 3.9B | 2.9B | 7.4B | 4.7B | 3.0B | 3.7B | |
Short Term Debt | 868M | 1.9B | 545M | 2.0B | 1.1B | 1.2B | |
Other Liab | 8.9B | 8.8B | 8.4B | 8.5B | 9.8B | 10.3B | |
Other Assets | 2.3B | 2.3B | 2.5B | 2.4B | 2.1B | 2.9B | |
Long Term Debt | 14.2B | 11.5B | 15.6B | 14.8B | 17.6B | 10.6B | |
Short Term Investments | 822M | 871M | 1.4B | 510M | 541M | 695.6M | |
Intangible Assets | 321M | 50M | 44M | 38M | 34.2M | 32.5M | |
Property Plant Equipment | 20.9B | 22.4B | 23.5B | 27.1B | 31.2B | 32.8B | |
Retained Earnings Total Equity | 632M | (845M) | 154M | 709M | 815.4M | 856.1M | |
Deferred Long Term Liab | 2.1B | 2.1B | 2.3B | 2.2B | 2.5B | 2.4B | |
Net Tangible Assets | 6.6B | 6.0B | 4.3B | 5.0B | 4.5B | 5.4B | |
Long Term Debt Total | 14.2B | 11.5B | 15.6B | 14.8B | 17.1B | 11.2B |
Pair Trading with CenterPoint 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 CenterPoint 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 CenterPoint Energy will appreciate offsetting losses from the drop in the long position's value.Moving against CenterPoint Stock
0.82 | EBR | Centrais Electricas | PairCorr |
0.59 | ES | Eversource Energy | PairCorr |
0.59 | HE | Hawaiian Electric | PairCorr |
0.49 | FE | FirstEnergy | PairCorr |
0.43 | AEP | American Electric Power | PairCorr |
The ability to find closely correlated positions to CenterPoint 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 CenterPoint 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 CenterPoint 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 CenterPoint Energy to buy it.
The correlation of CenterPoint 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 CenterPoint Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CenterPoint 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 CenterPoint 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.Additional Tools for CenterPoint Stock Analysis
When running CenterPoint Energy's price analysis, check to measure CenterPoint Energy'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 CenterPoint Energy is operating at the current time. Most of CenterPoint Energy's value examination focuses on studying past and present price action to predict the probability of CenterPoint Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CenterPoint Energy's price. Additionally, you may evaluate how the addition of CenterPoint Energy to your portfolios can decrease your overall portfolio volatility.