Enbridge Short Long Term Debt Total vs Inventory Analysis
ENB Stock | CAD 49.73 0.10 0.20% |
Enbridge financial indicator trend analysis is much more than just examining Enbridge latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Enbridge is a good investment. Please check the relationship between Enbridge Short Long Term Debt Total and its Inventory accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Enbridge. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. To learn how to invest in Enbridge Stock, please use our How to Invest in Enbridge guide.
Short Long Term Debt Total vs Inventory
Short Long Term Debt Total vs Inventory Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Enbridge Short Long Term Debt Total account and Inventory. At this time, the significance of the direction appears to have strong relationship.
The correlation between Enbridge's Short Long Term Debt Total and Inventory is 0.71. Overlapping area represents the amount of variation of Short Long Term Debt Total that can explain the historical movement of Inventory in the same time period over historical financial statements of Enbridge, assuming nothing else is changed. The correlation between historical values of Enbridge's Short Long Term Debt Total and Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Long Term Debt Total of Enbridge are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Short Long Term Debt Total i.e., Enbridge's Short Long Term Debt Total and Inventory go up and down completely randomly.
Correlation Coefficient | 0.71 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Short Long Term Debt Total
Inventory
Most indicators from Enbridge's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Enbridge 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 Enbridge. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. To learn how to invest in Enbridge Stock, please use our How to Invest in Enbridge guide.At this time, Enbridge's Selling General Administrative is very stable compared to the past year. As of the 5th of May 2024, Tax Provision is likely to grow to about 1.9 B, while Discontinued Operations is likely to drop about 27.5 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 14.5B | 16.4B | 17.7B | 18.6B | Total Revenue | 47.1B | 53.3B | 43.6B | 45.8B |
Enbridge fundamental ratios Correlations
Click cells to compare fundamentals
Enbridge Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Enbridge fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 163.3B | 160.3B | 168.9B | 179.6B | 180.3B | 189.3B | |
Short Long Term Debt Total | 65.0B | 66.9B | 75.6B | 81.0B | 93.1B | 97.8B | |
Other Current Liab | 6.2B | 6.4B | 6.0B | 6.9B | 1.8B | 2.5B | |
Total Current Liabilities | 16.0B | 14.0B | 18.2B | 20.3B | 17.4B | 18.3B | |
Total Stockholder Equity | 66.0B | 61.4B | 60.8B | 59.9B | 61.5B | 64.5B | |
Property Plant And Equipment Net | 93.7B | 94.6B | 100.1B | 104.5B | 104.6B | 109.9B | |
Net Debt | 64.3B | 66.4B | 75.4B | 80.1B | 75.3B | 79.1B | |
Retained Earnings | (6.3B) | (10.0B) | (11.0B) | (15.5B) | (17.1B) | (16.3B) | |
Cash | 648M | 452M | 286M | 861M | 5.9B | 6.2B | |
Non Current Assets Total | 154.4B | 152.9B | 159.9B | 167.5B | 165.9B | 174.2B | |
Non Currrent Assets Other | 7.9B | 9.0B | 9.2B | 10.1B | 8.8B | 9.2B | |
Cash And Short Term Investments | 648M | 452M | 286M | 861M | 990.2M | 1.0B | |
Net Receivables | 6.5B | 5.0B | 6.2B | 7.4B | 4.5B | 2.7B | |
Common Stock Shares Outstanding | 1.7B | 2.0B | 2.0B | 2.0B | 2.1B | 1.1B | |
Liabilities And Stockholders Equity | 163.3B | 160.3B | 168.9B | 179.6B | 206.5B | 216.9B | |
Non Current Liabilities Total | 77.9B | 81.9B | 87.3B | 95.9B | 98.4B | 103.3B | |
Inventory | 1.3B | 1.5B | 1.7B | 2.3B | 1.5B | 910.6M | |
Other Current Assets | 355M | 361M | 259M | 604M | 1.5B | 1.5B | |
Other Stockholder Equity | 272M | 496M | 365M | 275M | 247.5M | 235.1M | |
Total Liab | 93.9B | 95.9B | 105.5B | 116.2B | 115.8B | 121.6B | |
Property Plant And Equipment Gross | 93.7B | 94.6B | 126.0B | 134B | 137.2B | 144.1B | |
Total Current Assets | 8.8B | 7.4B | 9.0B | 12.1B | 14.4B | 15.1B | |
Accumulated Other Comprehensive Income | (272M) | (1.4B) | (1.1B) | 3.5B | 4.0B | 4.3B | |
Accounts Payable | 4.6B | 3.5B | 4.6B | 5.3B | 4.3B | 4.6B | |
Intangible Assets | 2.2B | 2.1B | 4.0B | 4.0B | 3.5B | 3.7B | |
Short Term Debt | 5.3B | 4.1B | 7.7B | 8.0B | 9.2B | 9.7B | |
Other Assets | 8.1B | (12M) | 9.0B | 9.9B | 11.4B | 12.0B | |
Good Will | 33.2B | 32.7B | 32.8B | 32.4B | 31.8B | 33.4B | |
Common Stock Total Equity | 50.7B | 64.7B | 64.7B | 64.8B | 74.5B | 78.2B | |
Common Stock | 64.7B | 64.8B | 64.8B | 64.8B | 74.5B | 37.8B | |
Other Liab | 17.2B | 18.1B | 18.6B | 22.3B | 25.6B | 16.2B | |
Net Tangible Assets | 23.0B | 18.9B | 16.3B | 16.6B | 19.1B | 16.6B | |
Long Term Debt | 59.7B | 62.8B | 68.0B | 72.9B | 74.7B | 59.1B | |
Deferred Long Term Liab | 871M | 548M | 1.0B | 1.6B | 1.9B | 1.9B | |
Long Term Investments | 16.5B | 13.8B | 13.3B | 15.9B | 16.8B | 13.3B | |
Short Long Term Debt | 5.3B | 4.1B | 7.7B | 8.0B | 6.5B | 5.5B | |
Property Plant Equipment | 94.5B | 95.4B | 100.7B | 105.1B | 120.9B | 88.6B | |
Long Term Debt Total | 59.7B | 62.9B | 68.0B | 73.0B | 83.9B | 63.3B | |
Capital Surpluse | 187M | 277M | 365M | 275M | 247.5M | 235.1M |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Enbridge in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Enbridge's short interest history, or implied volatility extrapolated from Enbridge options trading.
Pair Trading with Enbridge
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 Enbridge 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 Enbridge will appreciate offsetting losses from the drop in the long position's value.Moving together with Enbridge Stock
0.66 | ENB-PFC | Enbridge Pref 11 Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Enbridge could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Enbridge 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 Enbridge - 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 Enbridge to buy it.
The correlation of Enbridge 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 Enbridge moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Enbridge 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 Enbridge 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.Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Enbridge. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. To learn how to invest in Enbridge Stock, please use our How to Invest in Enbridge guide.Note that the Enbridge information on this page should be used as a complementary analysis to other Enbridge's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
Complementary Tools for Enbridge Stock analysis
When running Enbridge's price analysis, check to measure Enbridge'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 Enbridge is operating at the current time. Most of Enbridge's value examination focuses on studying past and present price action to predict the probability of Enbridge's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Enbridge's price. Additionally, you may evaluate how the addition of Enbridge to your portfolios can decrease your overall portfolio volatility.
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