Enbridge Total Current Assets vs Common Stock Shares Outstanding 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 Total Current Assets and its Common Stock Shares Outstanding 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.
Total Current Assets vs Common Stock Shares Outstanding
Total Current Assets vs Common Stock Shares Outstanding Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Enbridge Total Current Assets account and Common Stock Shares Outstanding. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Enbridge's Total Current Assets and Common Stock Shares Outstanding is 0.55. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Common Stock Shares Outstanding in the same time period over historical financial statements of Enbridge, assuming nothing else is changed. The correlation between historical values of Enbridge's Total Current Assets and Common Stock Shares Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Assets of Enbridge are associated (or correlated) with its Common Stock Shares Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Shares Outstanding has no effect on the direction of Total Current Assets i.e., Enbridge's Total Current Assets and Common Stock Shares Outstanding go up and down completely randomly.
Correlation Coefficient | 0.55 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.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
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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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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 Global Correlations module to find global opportunities by holding instruments from different markets.
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