What is the level of liabilities of Encore Wire this year?
Encore Wire has a debt balance of 220.34 M USD this year.
Encore Wire Liabilities 2024
Encore Wire Liabilities
220.34 M USD
Ticker
WIRE
ISIN
US2925621052
WKN
892473
In 2024, Encore Wire's total liabilities amounted to 220.34 M USD, a 10.11% difference from the 200.1 M USD total liabilities in the previous year.
Encore Wire Aktienanalyse
What does Encore Wire do?
Encore Wire Corp is an American company based in McKinney, Texas, specializing in the production of copper and aluminum wiring products. It was founded in 1989 by Daniel L. Jones and has been traded on NASDAQ under the ticker symbol "WIRE" since its IPO in 1992. The business model of Encore Wire Corp is based on the production and sale of electrical wires used in the construction industry and electrical installations. The company produces a wide range of copper and aluminum wires, including low voltage wire, data and communication cables, and various types of wire products. Encore Wire Corp strives to bring high-quality and reliable products to the market to meet the needs of its customers in various industries. Encore Wire Corp started in 1989 with a production area of 40,000 square feet and a production capacity of 2 million pounds of copper wire per month. The company quickly realized that it was able to produce high-quality wire at a better price than its competitors. Within a few years, it expanded its production capacity to over 50 million pounds of copper wire per month. In 1992, Encore Wire Corp went public, allowing it to generate capital to further expand. Over the past decades, the company has continuously invested in its factory facilities to improve its production capacity and manufacturing processes. Encore Wire Corp currently operates four production facilities in Texas and Oklahoma. Encore Wire Corp produces a wide range of wires and cables used in various industries, including the construction industry, electrical installations, mechanical engineering, and the automotive industry. Some of Encore Wire Corp's key products include: - Low voltage wire: These wire products are suitable for use in residential and commercial buildings and can be used to power outlets, lighting, and electrical devices. - Data and communication cables: These cable products are used in the IT industry, telecommunications industry, and data centers. - Wire products: Encore Wire Corp also produces a wide range of specialized wire products used in a variety of industries. These include wire bundles, flat wire, wire ropes, and flexible wires. In conclusion, Encore Wire Corp is a reliable and reputable manufacturer of electrical wiring products used in various industries. The company has continuously invested in new technologies and factory facilities to improve its production capacity and manufacturing processes. Encore Wire Corp strives to bring high-quality and reliable products to the market to meet the needs of its customers. Encore Wire ist eines der beliebtesten Unternehmen auf Eulerpool.com.Liabilities Details
Assessing Encore Wire's Liabilities
Encore Wire's liabilities constitute the company's financial obligations and debts owed to external parties and stakeholders. They are categorized into current liabilities, due within a year, and long-term liabilities, which are due over a longer period. A detailed assessment of these liabilities is crucial for evaluating Encore Wire's financial stability, operational efficiency, and long-term viability.
Year-to-Year Comparison
By comparing Encore Wire's liabilities year-over-year, investors can identify trends, shifts, and anomalies in the company’s financial positioning. A decrease in total liabilities often signals financial strengthening, while an increase might indicate enhanced investments, acquisitions, or potential financial strain.
Impact on Investments
Encore Wire's total liabilities play a significant role in determining the company's leverage and risk profile. Investors and analysts examine this aspect meticulously to ascertain the firm’s ability to meet its financial obligations, which influences investment attractiveness and credit ratings.
Interpreting Liability Fluctuations
Shifts in Encore Wire’s liability structure indicate changes in its financial management and strategy. A reduction in liabilities reflects efficient financial management or debt payoffs, while an increase may suggest expansion, acquisition activities, or accruing operational expenses, each carrying distinct implications for investors.
Frequently Asked Questions about Encore Wire Stock
What were the liabilities of Encore Wire compared to the previous year?
The liabilities of Encore Wire have increased by 10.11% increased compared to the previous year.
What are the consequences of high debt for investors of Encore Wire?
High liabilities can pose a risk for investors of Encore Wire, as they can weaken the company's financial position and impair its ability to meet its obligations.
What consequences do low liabilities have for investors in Encore Wire?
Low liabilities mean that Encore Wire has a strong financial position and is able to meet its obligations without overburdening its finances.
How does an increase in liabilities of Encore Wire affect the company?
An increase in liabilities of Encore Wire can lead to the company having more obligations and potentially find it more difficult to meet its financial commitments.
How does a reduction in the liabilities of Encore Wire affect the company?
A decrease in the liabilities of Encore Wire can lead to the company having fewer obligations and a stronger financial position, which can make it easier for the company to fulfill its financial commitments.
What are some factors that influence the liabilities of Encore Wire?
Some factors that can influence the liabilities of Encore Wire include investments, acquisitions, operating costs, and sales development.
Why is the level of liabilities of Encore Wire so important for investors?
The liabilities of Encore Wire are important for investors as they serve as an indicator of the company's financial stability and provide investors with information on how the company meets its financial obligations.
What strategic measures can Encore Wire take to modify the liabilities?
To change its liabilities, Encore Wire can take measures such as cost savings, increasing revenue, selling assets, raising investments, or forming partnerships. It is important for the company to conduct a thorough review of its financial situation to choose the best strategic actions.
How much dividend does Encore Wire pay?
Over the past 12 months, Encore Wire paid a dividend of 0.08 USD . This corresponds to a dividend yield of about 0.03 %. For the coming 12 months, Encore Wire is expected to pay a dividend of 0.11 USD.
What is the dividend yield of Encore Wire?
The current dividend yield of Encore Wire is 0.03 %.
When does Encore Wire pay dividends?
Encore Wire pays a quarterly dividend. This is distributed in the months of November, February, May, August.
How secure is the dividend of Encore Wire?
Encore Wire paid dividends every year for the past 0 years.
What is the dividend of Encore Wire?
For the upcoming 12 months, dividends amounting to 0.11 USD are expected. This corresponds to a dividend yield of 0.04 %.
In which sector is Encore Wire located?
Encore Wire is assigned to the 'Industry' sector.
Wann musste ich die Aktien von Encore Wire kaufen, um die vorherige Dividende zu erhalten?
To receive the latest dividend of Encore Wire from 7/19/2024 amounting to 0.02 USD, you needed to have the stock in your portfolio before the ex-date on 7/5/2024.
When did Encore Wire pay the last dividend?
The last dividend was paid out on 7/19/2024.
What was the dividend of Encore Wire in the year 2023?
In the year 2023, Encore Wire distributed 0.08 USD as dividends.
In which currency does Encore Wire pay out the dividend?
The dividends of Encore Wire are distributed in USD.
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Andere Kennzahlen von Encore Wire
Our stock analysis for Encore Wire Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Encore Wire Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.
