Enbridge Retained Earnings vs Cash And Equivalents Analysis
ENB Stock | USD 36.24 0.27 0.75% |
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 Retained Earnings and its Cash And Equivalents 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. For information on how to trade Enbridge Stock refer to our How to Trade Enbridge Stock guide.
Retained Earnings vs Cash And Equivalents
Retained Earnings vs Cash And Equivalents Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Enbridge Retained Earnings account and Cash And Equivalents. At this time, the significance of the direction appears to have strong relationship.
The correlation between Enbridge's Retained Earnings and Cash And Equivalents is 0.78. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Cash And Equivalents in the same time period over historical financial statements of Enbridge, assuming nothing else is changed. The correlation between historical values of Enbridge's Retained Earnings and Cash And Equivalents is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Enbridge are associated (or correlated) with its Cash And Equivalents. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Equivalents has no effect on the direction of Retained Earnings i.e., Enbridge's Retained Earnings and Cash And Equivalents go up and down completely randomly.
Correlation Coefficient | 0.78 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.Cash And Equivalents
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. For information on how to trade Enbridge Stock refer to our How to Trade Enbridge Stock guide.At present, Enbridge's Selling General Administrative is projected to increase significantly based on the last few years of reporting. The current year's Tax Provision is expected to grow to about 1.9 B, whereas Sales General And Administrative To Revenue is forecasted to decline to 0.10.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 2.7B | 3.2B | 3.9B | 4.0B | Depreciation And Amortization | 6.0B | 4.3B | 4.6B | 4.8B |
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 | 136.0B | 142.9B | |
Short Long Term Debt Total | 65.0B | 66.9B | 75.6B | 81.0B | 61.8B | 64.9B | |
Other Current Liab | 920M | 896M | 717M | 6.1B | 3.9B | 4.1B | |
Total Current Liabilities | 16.0B | 14.0B | 18.2B | 20.3B | 13.2B | 13.8B | |
Total Stockholder Equity | 66.0B | 61.4B | 60.8B | 59.9B | 46.4B | 48.7B | |
Property Plant And Equipment Net | 93.7B | 94.6B | 100.1B | 104.5B | 79.5B | 83.4B | |
Net Debt | 64.3B | 66.4B | 75.4B | 80.1B | 57.3B | 60.2B | |
Retained Earnings | (6.3B) | (10.0B) | (11.0B) | (15.5B) | (12.9B) | (12.3B) | |
Cash | 648M | 452M | 286M | 861M | 4.5B | 4.7B | |
Non Current Assets Total | 154.4B | 152.9B | 159.9B | 167.5B | 125.2B | 131.4B | |
Non Currrent Assets Other | 7.9B | 9.0B | 9.2B | 10.1B | (3.3B) | (3.2B) | |
Cash And Short Term Investments | 648M | 452M | 286M | 861M | 4.5B | 4.7B | |
Net Receivables | 6.5B | 5.0B | 6.2B | 7.4B | 3.7B | 2.8B | |
Common Stock Shares Outstanding | 2.0B | 2.0B | 2.0B | 2.0B | 2.1B | 1.2B | |
Liabilities And Stockholders Equity | 163.3B | 160.3B | 168.9B | 179.6B | 136.0B | 142.9B | |
Non Current Liabilities Total | 77.9B | 81.9B | 87.3B | 95.9B | 74.2B | 78.0B | |
Inventory | 1.3B | 1.5B | 1.7B | 2.3B | 1.1B | 898.5M | |
Other Current Assets | 355M | 361M | 259M | 604M | 1.6B | 1.7B | |
Other Stockholder Equity | 136M | 248M | 365M | 275M | 202.2M | 192.1M | |
Total Liab | 93.9B | 95.9B | 105.5B | 116.2B | 87.4B | 91.8B | |
Total Current Assets | 8.8B | 7.4B | 9.0B | 12.1B | 10.9B | 11.4B | |
Short Term Debt | 5.3B | 4.1B | 7.7B | 8.0B | 5.0B | 5.2B | |
Accounts Payable | 4.6B | 3.5B | 4.6B | 5.3B | 3.3B | 2.6B | |
Intangible Assets | 2.2B | 2.1B | 4.0B | 4.0B | 3.5B | 3.7B | |
Other Assets | 8.1B | (12M) | 284.1B | 10.3B | 32.5B | 34.1B | |
Property Plant And Equipment Gross | 94.4B | 94.6B | 126.0B | 134B | 137.2B | 144.1B | |
Accumulated Other Comprehensive Income | (272M) | (1.4B) | (1.1B) | 3.5B | 1.7B | 1.8B | |
Common Stock | 64.7B | 64.8B | 64.8B | 64.8B | 52.2B | 54.8B | |
Other Liab | 17.2B | 18.1B | 19.3B | 22.3B | 25.6B | 26.9B | |
Net Tangible Assets | 23.0B | 18.9B | 16.3B | 16.6B | 19.1B | 20.1B | |
Long Term Debt | 59.7B | 62.8B | 68.0B | 72.9B | 74.7B | 78.5B | |
Good Will | 33.2B | 32.7B | 32.8B | 32.4B | 24.0B | 25.2B | |
Deferred Long Term Liab | 871M | 548M | 1.0B | 1.6B | 1.9B | 2.0B | |
Long Term Investments | 16.5B | 13.8B | 13.3B | 15.9B | 16.8B | 17.6B | |
Short Long Term Debt | 5.3B | 4.1B | 7.7B | 8.0B | 6.5B | 3.3B | |
Property Plant Equipment | 94.5B | 95.4B | 100.1B | 105.1B | 120.9B | 127.0B |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Enbridge offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Enbridge's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Enbridge Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Enbridge Stock: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. For information on how to trade Enbridge Stock refer to our How to Trade Enbridge Stock guide.You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
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Is Enbridge's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Enbridge. If investors know Enbridge will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Enbridge listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.21) | Dividend Share 3.575 | Earnings Share 1.94 | Revenue Per Share 20.474 | Quarterly Revenue Growth (0.09) |
The market value of Enbridge is measured differently than its book value, which is the value of Enbridge that is recorded on the company's balance sheet. Investors also form their own opinion of Enbridge's value that differs from its market value or its book value, called intrinsic value, which is Enbridge's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Enbridge's market value can be influenced by many factors that don't directly affect Enbridge's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Enbridge's value and its price as these two are different measures arrived at by different means. Investors typically determine if Enbridge is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Enbridge's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.