Clean Enterprise Value vs Interest Coverage Analysis

CLNE Stock

USD 2.24 0.05 2.18%

Clean Energy financial indicator trend analysis is way more than just evaluating Clean Energy Fuels prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Clean Energy Fuels is a good investment. Please check the relationship between Clean Energy Enterprise Value and its Interest Coverage accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Clean Energy Fuels. 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.

Enterprise Value vs Interest Coverage

Enterprise Value vs Interest Coverage Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Clean Energy Fuels Enterprise Value account and Interest Coverage. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Clean Energy's Enterprise Value and Interest Coverage is -0.19. Overlapping area represents the amount of variation of Enterprise Value that can explain the historical movement of Interest Coverage in the same time period over historical financial statements of Clean Energy Fuels, assuming nothing else is changed. The correlation between historical values of Clean Energy's Enterprise Value and Interest Coverage is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Enterprise Value of Clean Energy Fuels are associated (or correlated) with its Interest Coverage. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Coverage has no effect on the direction of Enterprise Value i.e., Clean Energy's Enterprise Value and Interest Coverage go up and down completely randomly.

Correlation Coefficient

-0.19

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Enterprise Value

Enterprise Value (or EV) is usually referred to as Clean Energy theoretical takeover price. In the event of an acquisition, an acquirer would have to take on Clean Energy Fuels debt, but would also pocket its cash. Enterprise Value is more accurate representation of Clean Energy value than its market capitalization because it takes into account all of Clean Energy Fuels existing debt. A measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization that includes the market capitalization, plus total debt, minority interest and preferred shares, minus total cash and cash equivalents.

Interest Coverage

Most indicators from Clean Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Clean Energy Fuels 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Clean Energy Fuels. 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.

As of April 18, 2024, Selling General Administrative is expected to decline to about 83.1 M. The current year's Tax Provision is expected to grow to about (160.6 K)

	2021	2022	2023	2024 (projected)
Total Operating Expenses	89.9M	109.5M	112.3M	89.4M
Cost Of Revenue	260.8M	362.4M	389.3M	235.0M

Total Operating Expenses Cost Of Revenue

Clean Energy fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Net Debt	Cash	Other Assets	Cash And Short Term Investments	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Total Current Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Property Plant And Equipment Net	Current Deferred Revenue	Retained Earnings	Accounts Payable	Non Current Assets Total	Non Currrent Assets Other	Net Receivables	Good Will	Common Stock Total Equity	Non Current Liabilities Total	Inventory	Other Current Assets	Property Plant And Equipment Gross
Total Assets		0.69	0.57	0.57	-0.01	0.82	0.32	0.61	0.81	0.94	0.72	0.51	0.56	0.81	0.55	-0.39	0.64	0.97	0.58	0.67	0.82	0.23	0.75	0.86	0.56	0.52
Total Stockholder Equity	0.69		-0.16	0.44	-0.05	0.62	0.77	0.88	0.14	0.75	0.0	0.65	0.27	0.33	0.18	-0.62	0.5	0.6	0.07	0.52	0.32	0.67	0.08	0.8	0.71	0.31
Net Debt	0.57	-0.16		0.05	-0.14	0.29	-0.32	-0.06	0.91	0.37	0.93	0.06	0.54	0.81	0.39	0.03	0.28	0.67	0.54	0.44	0.78	-0.34	0.86	0.3	-0.06	0.43
Cash	0.57	0.44	0.05		0.56	0.84	-0.06	0.08	0.44	0.7	0.41	0.03	0.0	0.17	0.73	0.18	0.41	0.43	0.71	-0.01	0.33	-0.08	0.5	0.41	0.37	0.09
Other Assets	-0.01	-0.05	-0.14	0.56		0.25	-0.49	-0.47	0.05	0.06	0.07	-0.46	-0.47	-0.26	0.55	0.69	0.09	-0.07	0.43	-0.39	-0.12	-0.5	0.19	-0.13	-0.03	-0.27
Cash And Short Term Investments	0.82	0.62	0.29	0.84	0.25		0.2	0.41	0.64	0.94	0.57	0.34	0.34	0.43	0.57	-0.17	0.52	0.68	0.74	0.29	0.5	0.12	0.62	0.64	0.6	0.29
Common Stock Shares Outstanding	0.32	0.77	-0.32	-0.06	-0.49	0.2		0.93	-0.2	0.39	-0.32	0.71	0.3	0.13	-0.38	-0.84	0.17	0.25	-0.34	0.54	0.02	0.85	-0.31	0.52	0.5	0.2
Other Stockholder Equity	0.61	0.88	-0.06	0.08	-0.47	0.41	0.93		0.1	0.62	-0.03	0.77	0.46	0.4	-0.15	-0.85	0.35	0.55	-0.13	0.67	0.31	0.8	-0.02	0.74	0.62	0.36
Total Liab	0.81	0.14	0.91	0.44	0.05	0.64	-0.2	0.1		0.69	0.99	0.17	0.54	0.83	0.62	-0.01	0.49	0.84	0.75	0.48	0.85	-0.24	0.97	0.53	0.19	0.47
Total Current Assets	0.94	0.75	0.37	0.7	0.06	0.94	0.39	0.62	0.69		0.59	0.54	0.52	0.6	0.52	-0.38	0.61	0.82	0.63	0.59	0.64	0.28	0.62	0.79	0.68	0.4
Short Long Term Debt Total	0.72	0.0	0.93	0.41	0.07	0.57	-0.32	-0.03	0.99	0.59		0.07	0.49	0.8	0.62	0.09	0.41	0.76	0.74	0.39	0.82	-0.34	0.97	0.42	0.07	0.43
Other Current Liab	0.51	0.65	0.06	0.03	-0.46	0.34	0.71	0.77	0.17	0.54	0.07		0.43	0.33	-0.14	-0.9	0.68	0.47	-0.03	0.66	0.26	0.85	0.08	0.49	0.65	0.69
Total Current Liabilities	0.56	0.27	0.54	0.0	-0.47	0.34	0.3	0.46	0.54	0.52	0.49	0.43		0.58	0.14	-0.46	0.27	0.56	0.08	0.69	0.48	0.19	0.31	0.54	0.24	0.35
Property Plant And Equipment Net	0.81	0.33	0.81	0.17	-0.26	0.43	0.13	0.4	0.83	0.6	0.8	0.33	0.58		0.44	-0.33	0.39	0.9	0.38	0.69	0.95	0.07	0.76	0.69	0.1	0.53
Current Deferred Revenue	0.55	0.18	0.39	0.73	0.55	0.57	-0.38	-0.15	0.62	0.52	0.62	-0.14	0.14	0.44		0.36	0.38	0.53	0.69	0.18	0.61	-0.36	0.67	0.4	0.07	0.11
Retained Earnings	-0.39	-0.62	0.03	0.18	0.69	-0.17	-0.84	-0.85	-0.01	-0.38	0.09	-0.9	-0.46	-0.33	0.36		-0.42	-0.37	0.26	-0.61	-0.2	-0.93	0.12	-0.52	-0.45	-0.59
Accounts Payable	0.64	0.5	0.28	0.41	0.09	0.52	0.17	0.35	0.49	0.61	0.41	0.68	0.27	0.39	0.38	-0.42		0.64	0.43	0.42	0.4	0.43	0.48	0.57	0.54	0.81
Non Current Assets Total	0.97	0.6	0.67	0.43	-0.07	0.68	0.25	0.55	0.84	0.82	0.76	0.47	0.56	0.9	0.53	-0.37	0.64		0.5	0.68	0.89	0.19	0.78	0.85	0.43	0.59
Non Currrent Assets Other	0.58	0.07	0.54	0.71	0.43	0.74	-0.34	-0.13	0.75	0.63	0.74	-0.03	0.08	0.38	0.69	0.26	0.43	0.5		0.11	0.52	-0.34	0.82	0.29	0.21	0.21
Net Receivables	0.67	0.52	0.44	-0.01	-0.39	0.29	0.54	0.67	0.48	0.59	0.39	0.66	0.69	0.69	0.18	-0.61	0.42	0.68	0.11		0.65	0.43	0.34	0.61	0.35	0.44
Good Will	0.82	0.32	0.78	0.33	-0.12	0.5	0.02	0.31	0.85	0.64	0.82	0.26	0.48	0.95	0.61	-0.2	0.4	0.89	0.52	0.65		-0.02	0.82	0.65	0.13	0.45
Common Stock Total Equity	0.23	0.67	-0.34	-0.08	-0.5	0.12	0.85	0.8	-0.24	0.28	-0.34	0.85	0.19	0.07	-0.36	-0.93	0.43	0.19	-0.34	0.43	-0.02		-0.32	0.43	0.43	0.53
Non Current Liabilities Total	0.75	0.08	0.86	0.5	0.19	0.62	-0.31	-0.02	0.97	0.62	0.97	0.08	0.31	0.76	0.67	0.12	0.48	0.78	0.82	0.34	0.82	-0.32		0.43	0.15	0.44
Inventory	0.86	0.8	0.3	0.41	-0.13	0.64	0.52	0.74	0.53	0.79	0.42	0.49	0.54	0.69	0.4	-0.52	0.57	0.85	0.29	0.61	0.65	0.43	0.43		0.44	0.48
Other Current Assets	0.56	0.71	-0.06	0.37	-0.03	0.6	0.5	0.62	0.19	0.68	0.07	0.65	0.24	0.1	0.07	-0.45	0.54	0.43	0.21	0.35	0.13	0.43	0.15	0.44		0.18
Property Plant And Equipment Gross	0.52	0.31	0.43	0.09	-0.27	0.29	0.2	0.36	0.47	0.4	0.43	0.69	0.35	0.53	0.11	-0.59	0.81	0.59	0.21	0.44	0.45	0.53	0.44	0.48	0.18

Click cells to compare fundamentals

Clean Energy Account Relationship Matchups

Clean Energy fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	777.1M	715.0M	957.1M	1.1B	1.3B	754.9M
Total Stockholder Equity	533.4M	513.5M	747.1M	720.0M	726.8M	443.7M
Net Debt	72.6M	6.6M	(17.1M)	75.8M	253.5M	128.6M
Cash	49.2M	109.0M	99.4M	126.0M	107.0M	82.8M
Other Assets	38.9M	42.4M	63.2M	30.5M	35.0M	41.7M
Cash And Short Term Investments	106.2M	138.5M	229.2M	265.5M	265.1M	148.0M
Common Stock Shares Outstanding	206.0M	200.7M	213.1M	222.4M	222.9M	117.7M
Liabilities And Stockholders Equity	777.1M	715.0M	957.1M	1.1B	1.3B	754.9M
Other Stockholder Equity	1.2B	1.2B	1.5B	1.6B	1.7B	880.4M
Total Liab	234.1M	192.2M	201.7M	354.9M	525.8M	301.7M
Total Current Assets	293.8M	263.0M	409.9M	471.7M	470.2M	276.2M
Short Long Term Debt Total	121.8M	115.6M	82.3M	201.8M	360.5M	222.0M
Other Current Liab	67.9M	52.6M	77.1M	92.5M	93.4M	98.1M
Total Current Liabilities	162.6M	79.8M	125.9M	148.1M	163.8M	109.1M
Property Plant And Equipment Net	352.5M	316.9M	304.3M	316.7M	424.1M	324.8M
Current Deferred Revenue	7.3M	2.6M	7.3M	6.0M	4.9M	8.0M
Retained Earnings	(668.2M)	(678.1M)	(771.2M)	(830.0M)	(929.5M)	(883.0M)
Accounts Payable	27.4M	17.3M	24.4M	44.4M	57.0M	59.8M
Non Current Assets Total	483.3M	452.0M	547.1M	610.6M	789.3M	499.0M
Net Receivables	146.7M	85.4M	111.9M	108.5M	126.0M	86.9M
Non Current Liabilities Total	71.5M	112.3M	75.8M	206.7M	362.0M	206.5M
Inventory	29.9M	28.1M	31.3M	37.1M	45.3M	26.5M
Other Current Assets	11.1M	9.4M	37.6M	60.6M	33.7M	18.6M
Property Plant And Equipment Gross	352.5M	316.9M	304.3M	316.7M	916.2M	962.0M
Accumulated Other Comprehensive Income	(1.6M)	(209K)	(1.6M)	(3.7M)	(2.1M)	(2.2M)
Short Term Debt	60.0M	7.3M	17.2M	5.2M	8.5M	8.1M
Other Liab	9.7M	4.0M	10.7M	10.2M	11.8M	13.2M
Long Term Debt	32.9M	82.1M	23.2M	145.5M	261.1M	178.2M
Intangible Assets	1.2M	464K	5.5M	5.9M	6.4M	6.0M
Property Plant Equipment	323.9M	316.9M	304.3M	316.7M	364.2M	331.4M
Short Term Investments	56.9M	29.5M	129.7M	139.6M	158.2M	80.9M
Net Tangible Assets	467.9M	448.7M	677.2M	649.8M	747.2M	450.2M
Noncontrolling Interest In Consolidated Entity	17.0M	9.6M	9.3M	8.3M	9.6M	13.1M
Retained Earnings Total Equity	(688.7M)	(668.2M)	(678.1M)	(771.2M)	(694.1M)	(728.8M)
Long Term Debt Total	78.8M	32.9M	82.1M	23.2M	20.9M	19.8M

Pair Trading with Clean Energy

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 Clean Energy 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 Clean Energy will appreciate offsetting losses from the drop in the long position's value.

Moving together with Clean Stock

0.88

VTNR

Vertex Energy Buyout Trend

Pair Corr

Moving against Clean Stock

0.91	MPC	Marathon Petroleum Corp Financial Report 7th of May 2024	Pair Corr
0.9	VLO	Valero Energy Earnings Call This Week	Pair Corr
0.9	BP	BP PLC ADR Financial Report 7th of May 2024	Pair Corr
0.88	PSX	Phillips 66 Earnings Call Next Week	Pair Corr
0.87	PBF	PBF Energy Financial Report 3rd of May 2024	Pair Corr

The ability to find closely correlated positions to Clean Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Clean Energy 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 Clean Energy - 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 Clean Energy Fuels to buy it.

The correlation of Clean Energy 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 Clean Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Clean Energy Fuels 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 Clean Energy 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 Correlation Correlation Matching

When determining whether Clean Energy Fuels is a strong investment it is important to analyze Clean Energy's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Clean Energy's future performance. For an informed investment choice regarding Clean Stock, refer to the following important reports:

How To Invest In Clean

Details

Is Clean Stock a good investment?

Details

What is Clean Energy's Net Worth?

Details

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Clean Energy Fuels. 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.

You can also try the CEOs Directory module to screen CEOs from public companies around the world.

Complementary Tools for Clean Stock analysis

When running Clean Energy's price analysis, check to measure Clean Energy'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 Clean Energy is operating at the current time. Most of Clean Energy's value examination focuses on studying past and present price action to predict the probability of Clean Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Clean Energy's price. Additionally, you may evaluate how the addition of Clean Energy to your portfolios can decrease your overall portfolio volatility.

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Is Clean Energy'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 Clean Energy. If investors know Clean 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 Clean Energy 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

5.12

Earnings Share

(0.46)

Revenue Per Share

1.907

Quarterly Revenue Growth

(0.06)

Return On Assets

(0.04)

The market value of Clean Energy Fuels is measured differently than its book value, which is the value of Clean that is recorded on the company's balance sheet. Investors also form their own opinion of Clean Energy's value that differs from its market value or its book value, called intrinsic value, which is Clean Energy'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 Clean Energy's market value can be influenced by many factors that don't directly affect Clean Energy'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 Clean Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Clean Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Clean Energy'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.

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Clean Enterprise Value vs Interest Coverage Analysis

Enterprise Value vs Interest Coverage

Enterprise Value vs Interest Coverage Correlation Analysis

Correlation Coefficient

Enterprise Value

Interest Coverage

Clean Energy fundamental ratios Correlations

Clean Energy Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Clean Energy fundamental ratios Accounts

Pair Trading with Clean Energy

Moving together with Clean Stock

Moving against Clean Stock

Complementary Tools for Clean Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Short Long Term Debt Total	+ 0.99	Total Liab
Non Current Assets Total	+ 0.97	Total Assets
Non Current Liabilities Total	+ 0.97	Total Liab
Non Current Liabilities Total	+ 0.97	Short Long Term Debt Total
Good Will	+ 0.95	Property Plant And Equipment Net
Total Current Assets	+ 0.94	Total Assets

Common Stock Total Equity	- 0.93	Retained Earnings
Retained Earnings	- 0.9	Other Current Liab
Retained Earnings	- 0.85	Other Stockholder Equity
Retained Earnings	- 0.84	Common Stock Shares Outstanding
Retained Earnings	- 0.62	Total Stockholder Equity
Net Receivables	- 0.61	Retained Earnings