Enerflex Net Debt vs Net Working Capital Analysis
EFXT Stock | USD 5.20 0.11 2.16% |
Enerflex financial indicator trend analysis is much more than just examining Enerflex latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Enerflex is a good investment. Please check the relationship between Enerflex Net Debt and its Net Working Capital accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Enerflex. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest. For more information on how to buy Enerflex Stock please use our How to Invest in Enerflex guide.
Net Debt vs Net Working Capital
Net Debt vs Net Working Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Enerflex Net Debt account and Net Working Capital. At this time, the significance of the direction appears to have pay attention.
The correlation between Enerflex's Net Debt and Net Working Capital is -0.84. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Net Working Capital in the same time period over historical financial statements of Enerflex, assuming nothing else is changed. The correlation between historical values of Enerflex's Net Debt and Net Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Enerflex are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Net Debt i.e., Enerflex's Net Debt and Net Working Capital go up and down completely randomly.
Correlation Coefficient | -0.84 |
Relationship Direction | Negative |
Relationship Strength | Significant |
Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.Net Working Capital
Most indicators from Enerflex's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Enerflex 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 Enerflex. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest. For more information on how to buy Enerflex Stock please use our How to Invest in Enerflex guide.At this time, Enerflex's Enterprise Value Over EBITDA is comparatively stable compared to the past year. Enterprise Value Multiple is likely to gain to 5.55 in 2024, whereas Tax Provision is likely to drop slightly above 29.6 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 20.3M | 49.4M | 158.8M | 166.7M | Depreciation And Amortization | 91.6M | 128.3M | 267.5M | 280.9M |
Enerflex fundamental ratios Correlations
Click cells to compare fundamentals
Enerflex Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Enerflex fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 2.4B | 2.2B | 2.2B | 4.3B | 3.9B | 2.5B | |
Short Long Term Debt Total | 497.5M | 451.6M | 388.4M | 1.5B | 1.3B | 1.4B | |
Other Current Liab | 39.4M | 19.2M | 22.7M | 115.1M | 125.3M | 131.5M | |
Total Current Liabilities | 517.5M | 287.6M | 355.4M | 1.1B | 1.1B | 596.1M | |
Total Stockholder Equity | 1.3B | 1.4B | 1.4B | 1.5B | 1.4B | 1.3B | |
Property Plant And Equipment Net | 810.9M | 794.6M | 756.6M | 1.5B | 1.4B | 697.7M | |
Current Deferred Revenue | 143.0M | 35.4M | 84.6M | 366.1M | 392.4M | 215.0M | |
Net Debt | 401.2M | 356.0M | 215.7M | 1.2B | 1.2B | 1.2B | |
Retained Earnings | 228.8M | 301.0M | 275.0M | 164.2M | 40.9M | 38.8M | |
Accounts Payable | 320.9M | 178.3M | 234.2M | 610.6M | 550.6M | 313.1M | |
Cash | 96.3M | 95.7M | 172.8M | 253.8M | 126.1M | 188.6M | |
Non Current Assets Total | 1.5B | 1.6B | 1.5B | 2.8B | 2.5B | 1.5B | |
Non Currrent Assets Other | 198K | 93.3M | 112.4M | 505.8M | 13.9M | 13.2M | |
Cash And Short Term Investments | 96.3M | 95.7M | 172.8M | 253.8M | 140.5M | 189.6M | |
Net Receivables | 574.5M | 306.9M | 313.9M | 708.3M | 817.4M | 483.3M | |
Good Will | 573.9M | 576.0M | 566.3M | 679.4M | 571.8M | 591.2M | |
Common Stock Shares Outstanding | 89.1M | 89.7M | 89.7M | 97.0M | 123.8M | 94.1M | |
Liabilities And Stockholders Equity | 2.4B | 2.2B | 2.2B | 4.3B | 3.9B | 2.5B | |
Non Current Liabilities Total | 574.2M | 495.3M | 482.3M | 1.6B | 1.4B | 1.4B | |
Inventory | 269.4M | 212.3M | 208.9M | 411.3M | 389.4M | 208.1M | |
Other Current Assets | 12.2M | 9.0M | 13.9M | 72.7M | 86.4M | 90.7M | |
Other Stockholder Equity | 655.1M | 656.8M | 658.6M | 660.1M | 660.0M | 686.1M | |
Total Liab | 1.1B | 782.9M | 837.7M | 2.7B | 2.5B | 2.6B | |
Total Current Assets | 952.6M | 624.3M | 709.7M | 1.4B | 1.4B | 983.9M | |
Accumulated Other Comprehensive Income | 81.8M | 63.3M | 44.7M | 128.8M | 101.5M | 68.1M | |
Short Term Debt | 14.2M | 54.7M | 13.9M | 47.2M | 78.4M | 82.3M | |
Intangible Assets | 22.1M | 16.5M | 10.1M | 102.8M | 73.2M | 41.6M | |
Common Stock | 357.7M | 366.1M | 375.5M | 589.8M | 591.6M | 393.0M | |
Other Assets | 49.3M | 141.5M | 121.7M | 525.2M | 1.0 | 0.95 | |
Other Liab | 91.0M | 98.4M | 107.8M | 151.6M | 174.3M | 113.8M | |
Net Tangible Assets | 745.3M | 804.1M | 777.4M | 760.8M | 874.9M | 823.0M | |
Long Term Debt | 430.5M | 349.7M | 331.4M | 1.4B | 1.2B | 748.3M | |
Net Invested Capital | 1.8B | 1.8B | 1.7B | 2.9B | 2.6B | 2.3B | |
Long Term Investments | 26.2M | 26.6M | 27.1M | 35.0M | 37.5M | 31.8M | |
Non Current Liabilities Other | 14.7M | 11.0M | 15.8M | 21.8M | 18.1M | 17.9M | |
Net Working Capital | 435.1M | 336.8M | 354.3M | 307.1M | 287.1M | 291.5M | |
Property Plant Equipment | 810.9M | 794.6M | 756.6M | 1.5B | 1.7B | 983.5M |
Pair Trading with Enerflex
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 Enerflex 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 Enerflex will appreciate offsetting losses from the drop in the long position's value.Moving against Enerflex Stock
0.85 | VTOL | Bristow Group | PairCorr |
0.6 | DTI | Drilling Tools Inter Symbol Change | PairCorr |
0.59 | DWSN | Dawson Geophysical | PairCorr |
0.54 | MRC | MRC Global | PairCorr |
0.5 | CLB | Core Laboratories | PairCorr |
The ability to find closely correlated positions to Enerflex could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Enerflex 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 Enerflex - 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 Enerflex to buy it.
The correlation of Enerflex 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 Enerflex moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Enerflex 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 Enerflex 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 Enerflex. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest. For more information on how to buy Enerflex Stock please use our How to Invest in Enerflex guide.You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
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Is Enerflex'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 Enerflex. If investors know Enerflex 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 Enerflex 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 2.112 | Dividend Share 0.092 | Earnings Share (0.91) | Revenue Per Share 19.075 | Quarterly Revenue Growth 0.046 |
The market value of Enerflex is measured differently than its book value, which is the value of Enerflex that is recorded on the company's balance sheet. Investors also form their own opinion of Enerflex's value that differs from its market value or its book value, called intrinsic value, which is Enerflex'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 Enerflex's market value can be influenced by many factors that don't directly affect Enerflex'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 Enerflex's value and its price as these two are different measures arrived at by different means. Investors typically determine if Enerflex is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Enerflex'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.