EnLink Debt Ratio from 2010 to 2024

ENLC Stock  USD 12.88  0.01  0.08%   
EnLink Midstream's Debt Ratio is increasing over the years with slightly volatile fluctuation. Debt Ratio is expected to dwindle to 0.33. During the period from 2010 to 2024 EnLink Midstream Debt Ratio annual values regression line had geometric mean of  0.39 and mean square error of  0.01. View All Fundamentals
 
Debt Ratio  
First Reported
2010-12-31
Previous Quarter
0.55196552
Current Value
0.33
Quarterly Volatility
0.11841781
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check EnLink Midstream financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among EnLink main balance sheet or income statement drivers, such as Depreciation And Amortization of 690 M, Interest Expense of 284.3 M or Total Revenue of 4.1 B, as well as many exotic indicators such as Price To Sales Ratio of 0.86, Dividend Yield of 0.04 or PTB Ratio of 3.51. EnLink financial statements analysis is a perfect complement when working with EnLink Midstream Valuation or Volatility modules.
  
This module can also supplement EnLink Midstream's financial leverage analysis and stock options assessment as well as various EnLink Midstream Technical models . Check out the analysis of EnLink Midstream Correlation against competitors.

Latest EnLink Midstream's Debt Ratio Growth Pattern

Below is the plot of the Debt Ratio of EnLink Midstream LLC over the last few years. It is EnLink Midstream's Debt Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in EnLink Midstream's overall financial position and show how it may be relating to other accounts over time.
Debt Ratio10 Years Trend
Slightly volatile
   Debt Ratio   
       Timeline  

EnLink Debt Ratio Regression Statistics

Arithmetic Mean0.40
Geometric Mean0.39
Coefficient Of Variation29.30
Mean Deviation0.1
Median0.42
Standard Deviation0.12
Sample Variance0.01
Range0.3594
R-Value0.57
Mean Square Error0.01
R-Squared0.32
Significance0.03
Slope0.02
Total Sum of Squares0.20

EnLink Debt Ratio History

2024 0.33
2022 0.55
2021 0.52
2020 0.54
2019 0.51
2018 0.41
2017 0.34

Other Fundumenentals of EnLink Midstream LLC

EnLink Midstream Debt Ratio component correlations

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0.780.720.160.680.680.810.670.720.150.50.760.050.840.580.650.66-0.55-0.44-0.30.10.38-0.33
0.890.720.210.980.530.740.90.920.40.840.680.240.940.680.870.86-0.65-0.85-0.40.50.47-0.27
-0.030.160.210.30.520.320.10.060.1-0.02-0.09-0.240.310.70.480.53-0.64-0.18-0.6-0.020.32-0.42
0.820.680.980.30.580.710.860.880.430.770.610.160.930.770.920.91-0.74-0.88-0.520.570.54-0.29
0.280.680.530.520.580.750.520.560.340.230.13-0.120.660.820.780.82-0.85-0.49-0.740.040.53-0.69
0.680.810.740.320.710.750.860.870.260.520.53-0.010.810.630.730.73-0.66-0.61-0.540.050.52-0.58
0.830.670.90.10.860.520.860.980.410.750.610.080.860.510.760.75-0.55-0.79-0.380.310.42-0.39
0.850.720.920.060.880.560.870.980.390.780.630.190.880.540.780.77-0.56-0.81-0.40.340.47-0.38
0.290.150.40.10.430.340.260.410.390.340.130.080.410.30.410.4-0.33-0.48-0.490.29-0.2-0.2
0.820.50.84-0.020.770.230.520.750.780.340.630.540.790.380.670.61-0.37-0.81-0.070.390.190.03
0.920.760.68-0.090.610.130.530.610.630.130.630.240.730.250.410.37-0.18-0.420.040.330.130.16
0.280.050.24-0.240.16-0.12-0.010.080.190.080.540.240.22-0.050.10.070.16-0.320.240.13-0.140.23
0.870.840.940.310.930.660.810.860.880.410.790.730.220.730.890.88-0.7-0.78-0.420.350.4-0.31
0.380.580.680.70.770.820.630.510.540.30.380.25-0.050.730.910.91-0.96-0.69-0.790.390.69-0.46
0.620.650.870.480.920.780.730.760.780.410.670.410.10.890.910.98-0.9-0.87-0.680.470.65-0.39
0.590.660.860.530.910.820.730.750.770.40.610.370.070.880.910.98-0.9-0.81-0.680.430.6-0.46
-0.34-0.55-0.65-0.64-0.74-0.85-0.66-0.55-0.56-0.33-0.37-0.180.16-0.7-0.96-0.9-0.90.710.83-0.39-0.690.47
-0.64-0.44-0.85-0.18-0.88-0.49-0.61-0.79-0.81-0.48-0.81-0.42-0.32-0.78-0.69-0.87-0.810.710.54-0.61-0.570.19
-0.09-0.3-0.4-0.6-0.52-0.74-0.54-0.38-0.4-0.49-0.070.040.24-0.42-0.79-0.68-0.680.830.54-0.42-0.610.44
0.370.10.5-0.020.570.040.050.310.340.290.390.330.130.350.390.470.43-0.39-0.61-0.420.440.39
0.220.380.470.320.540.530.520.420.47-0.20.190.13-0.140.40.690.650.6-0.69-0.57-0.610.44-0.3
-0.05-0.33-0.27-0.42-0.29-0.69-0.58-0.39-0.38-0.20.030.160.23-0.31-0.46-0.39-0.460.470.190.440.39-0.3
Click cells to compare fundamentals

About EnLink Midstream Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include EnLink Midstream income statement, its balance sheet, and the statement of cash flows. EnLink Midstream investors use historical funamental indicators, such as EnLink Midstream's Debt Ratio, to determine how well the company is positioned to perform in the future. Although EnLink Midstream investors may use each financial statement separately, they are all related. The changes in EnLink Midstream's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on EnLink Midstream's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on EnLink Midstream Financial Statements. Understanding these patterns can help to make the right decision on long term investment in EnLink Midstream. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Debt Ratio 0.55  0.33 
Cash Flow To Debt Ratio 0.27  0.21 

Pair Trading with EnLink Midstream

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 EnLink Midstream 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 EnLink Midstream will appreciate offsetting losses from the drop in the long position's value.

Moving together with EnLink Stock

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Moving against EnLink Stock

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The ability to find closely correlated positions to EnLink Midstream could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EnLink Midstream 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 EnLink Midstream - 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 EnLink Midstream LLC to buy it.
The correlation of EnLink Midstream 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 EnLink Midstream moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if EnLink Midstream LLC 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 EnLink Midstream 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.
Pair CorrelationCorrelation Matching
When determining whether EnLink Midstream LLC offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of EnLink Midstream'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 Enlink Midstream Llc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Enlink Midstream Llc Stock:
Check out the analysis of EnLink Midstream Correlation against competitors.
You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.

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Is EnLink Midstream'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 EnLink Midstream. If investors know EnLink 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 EnLink Midstream 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
(0.75)
Dividend Share
0.515
Earnings Share
0.35
Revenue Per Share
14.782
Quarterly Revenue Growth
(0.06)
The market value of EnLink Midstream LLC is measured differently than its book value, which is the value of EnLink that is recorded on the company's balance sheet. Investors also form their own opinion of EnLink Midstream's value that differs from its market value or its book value, called intrinsic value, which is EnLink Midstream'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 EnLink Midstream's market value can be influenced by many factors that don't directly affect EnLink Midstream'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 EnLink Midstream's value and its price as these two are different measures arrived at by different means. Investors typically determine if EnLink Midstream is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, EnLink Midstream'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.