Enerflex Retained Earnings vs Long Term Debt Analysis
EFXT Stock | USD 5.04 0.01 0.20% |
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 Retained Earnings and its Long Term Debt 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 closely tied 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.
Retained Earnings vs Long Term Debt
Retained Earnings vs Long Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Enerflex Retained Earnings account and Long Term Debt. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Enerflex's Retained Earnings and Long Term Debt is -0.15. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of Enerflex, assuming nothing else is changed. The correlation between historical values of Enerflex's Retained Earnings and Long Term Debt 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 Enerflex are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Retained Earnings i.e., Enerflex's Retained Earnings and Long Term Debt go up and down completely randomly.
Correlation Coefficient | -0.15 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
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.Long Term Debt
Long-term debt is a debt that Enerflex has held for over one year. Long-term debt appears on Enerflex balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Enerflex balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.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 closely tied 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 5.56 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
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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 together with Enerflex Stock
Moving against Enerflex Stock
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0.68 | DTI | Drilling Tools Inter Symbol Change | PairCorr |
0.68 | XPRO | Expro Group Holdings | 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.Additional Tools for Enerflex Stock Analysis
When running Enerflex's price analysis, check to measure Enerflex'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 Enerflex is operating at the current time. Most of Enerflex's value examination focuses on studying past and present price action to predict the probability of Enerflex's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Enerflex's price. Additionally, you may evaluate how the addition of Enerflex to your portfolios can decrease your overall portfolio volatility.