Engro Total Asset vs. Total Debt
| ENGRO Stock | 335.88 8.65 2.64% |
For Engro profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Engro to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Engro utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Engro's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Engro over time as well as its relative position and ranking within its peers.
Engro |
Engro Total Debt vs. Total Asset Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Engro's current stock value. Our valuation model uses many indicators to compare Engro value to that of its competitors to determine the firm's financial worth. Engro is one of the top stocks in total asset category among its peers. It also is rated as one of the top companies in total debt category among its peers making up about 0.22 of Total Debt per Total Asset. The ratio of Total Asset to Total Debt for Engro is roughly 4.61 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Engro's earnings, one of the primary drivers of an investment's value.Engro Total Debt vs. Total Asset
Total Asset is everything that a business owns. It is the sum of current and long-term assets owned by a firm at a given time. These assets are listed on a balance sheet and typically valued based on their purchasing prices, not the current market value.
Engro |
| = | 644.32 B |
Total Asset is typically divided on the balance sheet on current asset and long-term asset. Long-term is the value of company property and other capital assets that are expected to be useable for more than one year. Long term assets are reported net of depreciation. On the other hand current assets are assets that are expected to be sold or converted to cash as part of normal business operation.
Total Debt refers to the amount of long term interest-bearing liabilities that a company carries on its balance sheet. That may include bonds sold to the public, notes written to banks or capital leases. Typically, debt can help a company magnify its earnings, but the burden of interest and principal payments will eventually prevent the firm from borrow excessively.
Engro |
| = | 139.82 B |
In most industries, total debt may also include the current portion of long-term debt. Since debt terms vary widely from one company to another, simply comparing outstanding debt obligations between different companies may not be adequate. It is usually meant to compare total debt amounts between companies that operate within the same sector.
Engro Total Debt vs Competition
Engro is rated as one of the top companies in total debt category among its peers. Total debt of Chemicals industry is currently estimated at about 140.33 Billion. Engro totals roughly 139.82 Billion in total debt claiming about 100% of stocks in Chemicals industry.
Engro Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Engro. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Engro position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Engro's important profitability drivers and their relationship over time.
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Use Engro in pair-trading
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 Engro 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 Engro will appreciate offsetting losses from the drop in the long position's value.Engro Pair Trading
Engro Pair Trading Analysis
The ability to find closely correlated positions to Engro could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Engro 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 Engro - 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 Engro to buy it.
The correlation of Engro 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 Engro moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Engro 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 Engro 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.Use Investing Themes to Complement your Engro position
In addition to having Engro in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Other Information on Investing in Engro Stock
To fully project Engro's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Engro at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Engro's income statement, its balance sheet, and the statement of cash flows.