Enbridge Intangible Assets vs Cash And Short Term Investments Analysis
ENB Stock | CAD 49.83 0.91 1.86% |
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 Intangible Assets and its Cash And Short Term Investments 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 tightly coupled 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.
Intangible Assets vs Cash And Short Term Investments
Intangible Assets vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Enbridge Intangible Assets account and Cash And Short Term Investments. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Enbridge's Intangible Assets and Cash And Short Term Investments is -0.1. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Enbridge, assuming nothing else is changed. The correlation between historical values of Enbridge's Intangible Assets and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Intangible Assets of Enbridge are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Intangible Assets i.e., Enbridge's Intangible Assets and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | -0.1 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Intangible Assets
Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Enbridge balance sheet. This account contains Enbridge investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Enbridge fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.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 tightly coupled 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 3rd 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
Click cells to compare fundamentals
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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Try AI Portfolio ArchitectCheck 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 tightly coupled 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.Note that the Enbridge information on this page should be used as a complementary analysis to other Enbridge's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
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