Enbridge Short Term Debt vs Retained Earnings 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 Short Term Debt and its Retained Earnings 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.
Short Term Debt vs Retained Earnings
Short Term Debt vs Retained Earnings Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Enbridge Short Term Debt account and Retained Earnings. At this time, the significance of the direction appears to have pay attention.
The correlation between Enbridge's Short Term Debt and Retained Earnings is -0.81. Overlapping area represents the amount of variation of Short Term Debt that can explain the historical movement of Retained Earnings 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 Term Debt and Retained Earnings 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 Term Debt of Enbridge are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Short Term Debt i.e., Enbridge's Short Term Debt and Retained Earnings go up and down completely randomly.
Correlation Coefficient | -0.81 |
Relationship Direction | Negative |
Relationship Strength | Significant |
Short Term Debt
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.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
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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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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 Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
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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.