Enbridge Accounts Payable vs Property Plant And Equipment Gross Analysis
ENB Stock | CAD 48.93 0.34 0.70% |
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 Accounts Payable and its Property Plant And Equipment Gross 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 closely tied with the direction of predictive economic indicators such as signals in board of governors. To learn how to invest in Enbridge Stock, please use our How to Invest in Enbridge guide.
Accounts Payable vs Property Plant And Equipment Gross
Accounts Payable vs Property Plant And Equipment Gross Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Enbridge Accounts Payable account and Property Plant And Equipment Gross. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Enbridge's Accounts Payable and Property Plant And Equipment Gross is 0.88. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Property Plant And Equipment Gross in the same time period over historical financial statements of Enbridge, assuming nothing else is changed. The correlation between historical values of Enbridge's Accounts Payable and Property Plant And Equipment Gross is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Enbridge are associated (or correlated) with its Property Plant And Equipment Gross. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Gross has no effect on the direction of Accounts Payable i.e., Enbridge's Accounts Payable and Property Plant And Equipment Gross go up and down completely randomly.
Correlation Coefficient | 0.88 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Accounts Payable
An accounting item on the balance sheet that represents Enbridge obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Enbridge are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.Property Plant And Equipment Gross
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 closely tied with the direction of predictive economic indicators such as signals in board of governors. To learn how to invest in Enbridge Stock, please use our How to Invest in Enbridge guide.At this time, Enbridge's Selling General Administrative is very stable compared to the past year. As of the 14th of June 2024, Tax Provision is likely to grow to about 1.9 B, while Discontinued Operations is likely to drop about 27.5 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 14.5B | 16.4B | 17.7B | 18.6B | Total Revenue | 47.1B | 53.3B | 43.6B | 45.8B |
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 | 180.3B | 189.3B | |
Short Long Term Debt Total | 65.0B | 66.9B | 75.6B | 81.0B | 93.1B | 97.8B | |
Other Current Liab | 6.2B | 6.4B | 6.0B | 6.9B | 1.8B | 2.5B | |
Total Current Liabilities | 16.0B | 14.0B | 18.2B | 20.3B | 17.4B | 18.3B | |
Total Stockholder Equity | 66.0B | 61.4B | 60.8B | 59.9B | 61.5B | 64.5B | |
Property Plant And Equipment Net | 93.7B | 94.6B | 100.1B | 104.5B | 104.6B | 109.9B | |
Net Debt | 64.3B | 66.4B | 75.4B | 80.1B | 75.3B | 79.1B | |
Retained Earnings | (6.3B) | (10.0B) | (11.0B) | (15.5B) | (17.1B) | (16.3B) | |
Cash | 648M | 452M | 286M | 861M | 5.9B | 6.2B | |
Non Current Assets Total | 154.4B | 152.9B | 159.9B | 167.5B | 165.9B | 174.2B | |
Non Currrent Assets Other | 7.9B | 9.0B | 9.2B | 10.1B | 8.8B | 9.2B | |
Cash And Short Term Investments | 648M | 452M | 286M | 861M | 990.2M | 1.0B | |
Net Receivables | 6.5B | 5.0B | 6.2B | 7.4B | 4.5B | 2.7B | |
Common Stock Shares Outstanding | 1.7B | 2.0B | 2.0B | 2.0B | 2.1B | 1.1B | |
Liabilities And Stockholders Equity | 163.3B | 160.3B | 168.9B | 179.6B | 206.5B | 216.9B | |
Non Current Liabilities Total | 77.9B | 81.9B | 87.3B | 95.9B | 98.4B | 103.3B | |
Inventory | 1.3B | 1.5B | 1.7B | 2.3B | 1.5B | 910.6M | |
Other Current Assets | 355M | 361M | 259M | 604M | 1.5B | 1.5B | |
Other Stockholder Equity | 272M | 496M | 365M | 275M | 247.5M | 235.1M | |
Total Liab | 93.9B | 95.9B | 105.5B | 116.2B | 115.8B | 121.6B | |
Property Plant And Equipment Gross | 93.7B | 94.6B | 126.0B | 134B | 137.2B | 144.1B | |
Total Current Assets | 8.8B | 7.4B | 9.0B | 12.1B | 14.4B | 15.1B | |
Accumulated Other Comprehensive Income | (272M) | (1.4B) | (1.1B) | 3.5B | 4.0B | 4.3B | |
Accounts Payable | 4.6B | 3.5B | 4.6B | 5.3B | 4.3B | 4.6B | |
Intangible Assets | 2.2B | 2.1B | 4.0B | 4.0B | 3.5B | 3.7B | |
Short Term Debt | 5.3B | 4.1B | 7.7B | 8.0B | 9.2B | 9.7B | |
Other Assets | 8.1B | (12M) | 9.0B | 9.9B | 11.4B | 12.0B | |
Good Will | 33.2B | 32.7B | 32.8B | 32.4B | 31.8B | 33.4B | |
Common Stock Total Equity | 50.7B | 64.7B | 64.7B | 64.8B | 74.5B | 78.2B | |
Common Stock | 64.7B | 64.8B | 64.8B | 64.8B | 74.5B | 37.8B | |
Other Liab | 17.2B | 18.1B | 18.6B | 22.3B | 25.6B | 16.2B | |
Net Tangible Assets | 23.0B | 18.9B | 16.3B | 16.6B | 19.1B | 16.6B | |
Long Term Debt | 59.7B | 62.8B | 68.0B | 72.9B | 74.7B | 59.1B | |
Deferred Long Term Liab | 871M | 548M | 1.0B | 1.6B | 1.9B | 1.9B | |
Long Term Investments | 16.5B | 13.8B | 13.3B | 15.9B | 16.8B | 13.3B | |
Short Long Term Debt | 5.3B | 4.1B | 7.7B | 8.0B | 6.5B | 5.5B | |
Property Plant Equipment | 94.5B | 95.4B | 100.7B | 105.1B | 120.9B | 88.6B | |
Long Term Debt Total | 59.7B | 62.9B | 68.0B | 73.0B | 83.9B | 63.3B | |
Capital Surpluse | 187M | 277M | 365M | 275M | 247.5M | 235.1M |
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When determining whether Enbridge offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Enbridge'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 Enbridge Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Enbridge Stock: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 closely tied with the direction of predictive economic indicators such as signals in board of governors. To learn how to invest in Enbridge Stock, please use our How to Invest in Enbridge guide.You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.