Enbridge Net Debt vs Net Receivables Analysis

ENB Stock

USD 35.82 0.44 1.21%

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 Net Debt and its Net Receivables 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.

For information on how to trade Enbridge Stock refer to our How to Trade Enbridge Stock guide.

Net Debt vs Net Receivables

Net Debt vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Enbridge Net Debt account and Net Receivables. At this time, the significance of the direction appears to have strong relationship.

The correlation between Enbridge's Net Debt and Net Receivables is 0.76. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Enbridge, assuming nothing else is changed. The correlation between historical values of Enbridge's Net Debt and Net Receivables 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 Enbridge are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Net Debt i.e., Enbridge's Net Debt and Net Receivables go up and down completely randomly.

Correlation Coefficient

0.76

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

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 Receivables

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.

For information on how to trade Enbridge Stock refer to our How to Trade Enbridge Stock guide.At present, Enbridge's Selling General Administrative is projected to increase significantly based on the last few years of reporting. The current year's Tax Provision is expected to grow to about 1.9 B, whereas Sales General And Administrative To Revenue is forecasted to decline to 0.10.

	2021	2022	2023	2024 (projected)
Interest Expense	2.7B	3.2B	3.9B	4.0B
Depreciation And Amortization	6.0B	4.3B	4.6B	4.8B

Interest Expense Depreciation And Amortization

Enbridge fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Accounts Payable	Intangible Assets	Other Assets	Common Stock Total Equity	Property Plant And Equipment Gross
Total Assets		0.99	0.56	0.93	0.98	0.99	0.99	-0.82	0.11	1.0	0.53	0.11	0.75	0.9	0.99	0.81	0.23	-0.37	0.99	0.79	0.85	0.38	0.88	0.33	0.92	0.89
Short Long Term Debt Total	0.99		0.56	0.95	0.94	0.99	1.0	-0.85	0.18	0.98	0.48	0.18	0.74	0.88	1.0	0.84	0.27	-0.34	1.0	0.85	0.9	0.4	0.91	0.38	0.9	0.93
Other Current Liab	0.56	0.56		0.51	0.56	0.52	0.55	-0.65	0.34	0.55	0.09	0.34	0.26	0.49	0.56	0.44	0.57	-0.44	0.55	0.6	0.5	0.02	0.61	-0.06	0.63	0.64
Total Current Liabilities	0.93	0.95	0.51		0.85	0.96	0.95	-0.75	0.12	0.92	0.55	0.12	0.84	0.8	0.94	0.92	0.14	-0.28	0.96	0.87	0.95	0.45	0.85	0.38	0.77	0.86
Total Stockholder Equity	0.98	0.94	0.56	0.85		0.94	0.94	-0.79	0.04	0.98	0.55	0.04	0.68	0.92	0.94	0.72	0.21	-0.45	0.93	0.67	0.77	0.3	0.81	0.32	0.93	0.83
Property Plant And Equipment Net	0.99	0.99	0.52	0.96	0.94		0.99	-0.79	0.13	0.98	0.53	0.13	0.79	0.86	0.99	0.85	0.2	-0.3	0.99	0.83	0.88	0.44	0.86	0.34	0.87	0.89
Net Debt	0.99	1.0	0.55	0.95	0.94	0.99		-0.84	0.12	0.99	0.53	0.12	0.76	0.89	1.0	0.86	0.23	-0.33	1.0	0.82	0.89	0.41	0.9	0.38	0.89	0.91
Retained Earnings	-0.82	-0.85	-0.65	-0.75	-0.79	-0.79	-0.84		-0.37	-0.82	-0.19	-0.37	-0.34	-0.84	-0.84	-0.6	-0.47	0.59	-0.83	-0.69	-0.81	-0.14	-0.89	-0.37	-0.91	-0.93
Cash	0.11	0.18	0.34	0.12	0.04	0.13	0.12	-0.37		0.09	-0.72	1.0	-0.26	0.04	0.18	-0.11	0.84	-0.16	0.17	0.51	0.19	0.0	0.37	-0.07	0.33	0.48
Non Current Assets Total	1.0	0.98	0.55	0.92	0.98	0.98	0.99	-0.82	0.09		0.54	0.09	0.75	0.91	0.98	0.81	0.22	-0.38	0.98	0.77	0.84	0.37	0.87	0.34	0.92	0.88
Non Currrent Assets Other	0.53	0.48	0.09	0.55	0.55	0.53	0.53	-0.19	-0.72	0.54		-0.72	0.77	0.51	0.48	0.7	-0.53	-0.07	0.49	0.16	0.44	0.37	0.23	0.24	0.25	0.16
Cash And Short Term Investments	0.11	0.18	0.34	0.12	0.04	0.13	0.12	-0.37	1.0	0.09	-0.72		-0.26	0.04	0.18	-0.11	0.84	-0.16	0.17	0.51	0.19	0.0	0.37	-0.07	0.33	0.48
Net Receivables	0.75	0.74	0.26	0.84	0.68	0.79	0.76	-0.34	-0.26	0.75	0.77	-0.26		0.61	0.75	0.9	-0.21	0.04	0.76	0.66	0.7	0.61	0.55	0.2	0.44	0.5
Common Stock Shares Outstanding	0.9	0.88	0.49	0.8	0.92	0.86	0.89	-0.84	0.04	0.91	0.51	0.04	0.61		0.87	0.72	0.22	-0.51	0.87	0.61	0.77	0.25	0.78	0.38	0.89	0.8
Non Current Liabilities Total	0.99	1.0	0.56	0.94	0.94	0.99	1.0	-0.84	0.18	0.98	0.48	0.18	0.75	0.87		0.84	0.27	-0.31	1.0	0.84	0.87	0.42	0.9	0.34	0.9	0.92
Inventory	0.81	0.84	0.44	0.92	0.72	0.85	0.86	-0.6	-0.11	0.81	0.7	-0.11	0.9	0.72	0.84		-0.04	-0.1	0.85	0.76	0.85	0.45	0.71	0.28	0.57	0.67
Other Current Assets	0.23	0.27	0.57	0.14	0.21	0.2	0.23	-0.47	0.84	0.22	-0.53	0.84	-0.21	0.22	0.27	-0.04		-0.31	0.25	0.49	0.16	-0.11	0.43	-0.02	0.48	0.54
Other Stockholder Equity	-0.37	-0.34	-0.44	-0.28	-0.45	-0.3	-0.33	0.59	-0.16	-0.38	-0.07	-0.16	0.04	-0.51	-0.31	-0.1	-0.31		-0.31	-0.19	-0.33	0.32	-0.35	-0.22	-0.54	-0.42
Total Liab	0.99	1.0	0.55	0.96	0.93	0.99	1.0	-0.83	0.17	0.98	0.49	0.17	0.76	0.87	1.0	0.85	0.25	-0.31		0.86	0.89	0.43	0.9	0.35	0.89	0.92
Total Current Assets	0.79	0.85	0.6	0.87	0.67	0.83	0.82	-0.69	0.51	0.77	0.16	0.51	0.66	0.61	0.84	0.76	0.49	-0.19	0.86		0.83	0.38	0.84	0.19	0.71	0.88
Short Term Debt	0.85	0.9	0.5	0.95	0.77	0.88	0.89	-0.81	0.19	0.84	0.44	0.19	0.7	0.77	0.87	0.85	0.16	-0.33	0.89	0.83		0.39	0.88	0.51	0.75	0.87
Accounts Payable	0.38	0.4	0.02	0.45	0.3	0.44	0.41	-0.14	0.0	0.37	0.37	0.0	0.61	0.25	0.42	0.45	-0.11	0.32	0.43	0.38	0.39		0.28	0.08	0.18	0.27
Intangible Assets	0.88	0.91	0.61	0.85	0.81	0.86	0.9	-0.89	0.37	0.87	0.23	0.37	0.55	0.78	0.9	0.71	0.43	-0.35	0.9	0.84	0.88	0.28		0.49	0.89	0.96
Other Assets	0.33	0.38	-0.06	0.38	0.32	0.34	0.38	-0.37	-0.07	0.34	0.24	-0.07	0.2	0.38	0.34	0.28	-0.02	-0.22	0.35	0.19	0.51	0.08	0.49		0.33	0.4
Common Stock Total Equity	0.92	0.9	0.63	0.77	0.93	0.87	0.89	-0.91	0.33	0.92	0.25	0.33	0.44	0.89	0.9	0.57	0.48	-0.54	0.89	0.71	0.75	0.18	0.89	0.33		0.93
Property Plant And Equipment Gross	0.89	0.93	0.64	0.86	0.83	0.89	0.91	-0.93	0.48	0.88	0.16	0.48	0.5	0.8	0.92	0.67	0.54	-0.42	0.92	0.88	0.87	0.27	0.96	0.4	0.93

Click cells to compare fundamentals

Enbridge Account Relationship Matchups

Enbridge fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	163.3B	160.3B	168.9B	179.6B	136.0B	142.9B
Short Long Term Debt Total	65.0B	66.9B	75.6B	81.0B	61.8B	64.9B
Other Current Liab	920M	896M	717M	6.1B	3.9B	4.1B
Total Current Liabilities	16.0B	14.0B	18.2B	20.3B	13.2B	13.8B
Total Stockholder Equity	66.0B	61.4B	60.8B	59.9B	46.4B	48.7B
Property Plant And Equipment Net	93.7B	94.6B	100.1B	104.5B	79.5B	83.4B
Net Debt	64.3B	66.4B	75.4B	80.1B	57.3B	60.2B
Retained Earnings	(6.3B)	(10.0B)	(11.0B)	(15.5B)	(12.9B)	(12.3B)
Cash	648M	452M	286M	861M	4.5B	4.7B
Non Current Assets Total	154.4B	152.9B	159.9B	167.5B	125.2B	131.4B
Non Currrent Assets Other	7.9B	9.0B	9.2B	10.1B	(3.3B)	(3.2B)
Cash And Short Term Investments	648M	452M	286M	861M	4.5B	4.7B
Net Receivables	6.5B	5.0B	6.2B	7.4B	3.7B	2.8B
Common Stock Shares Outstanding	2.0B	2.0B	2.0B	2.0B	2.1B	1.2B
Liabilities And Stockholders Equity	163.3B	160.3B	168.9B	179.6B	136.0B	142.9B
Non Current Liabilities Total	77.9B	81.9B	87.3B	95.9B	74.2B	78.0B
Inventory	1.3B	1.5B	1.7B	2.3B	1.1B	898.5M
Other Current Assets	355M	361M	259M	604M	1.6B	1.7B
Other Stockholder Equity	136M	248M	365M	275M	202.2M	192.1M
Total Liab	93.9B	95.9B	105.5B	116.2B	87.4B	91.8B
Total Current Assets	8.8B	7.4B	9.0B	12.1B	10.9B	11.4B
Short Term Debt	5.3B	4.1B	7.7B	8.0B	5.0B	5.2B
Accounts Payable	4.6B	3.5B	4.6B	5.3B	3.3B	2.6B
Intangible Assets	2.2B	2.1B	4.0B	4.0B	3.5B	3.7B
Other Assets	8.1B	(12M)	284.1B	10.3B	32.5B	34.1B
Property Plant And Equipment Gross	94.4B	94.6B	126.0B	134B	137.2B	144.1B
Accumulated Other Comprehensive Income	(272M)	(1.4B)	(1.1B)	3.5B	1.7B	1.8B
Common Stock	64.7B	64.8B	64.8B	64.8B	52.2B	54.8B
Other Liab	17.2B	18.1B	19.3B	22.3B	25.6B	26.9B
Net Tangible Assets	23.0B	18.9B	16.3B	16.6B	19.1B	20.1B
Long Term Debt	59.7B	62.8B	68.0B	72.9B	74.7B	78.5B
Good Will	33.2B	32.7B	32.8B	32.4B	24.0B	25.2B
Deferred Long Term Liab	871M	548M	1.0B	1.6B	1.9B	2.0B
Long Term Investments	16.5B	13.8B	13.3B	15.9B	16.8B	17.6B
Short Long Term Debt	5.3B	4.1B	7.7B	8.0B	6.5B	3.3B
Property Plant Equipment	94.5B	95.4B	100.1B	105.1B	120.9B	127.0B

Enbridge Investors Sentiment

The influence of Enbridge's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Enbridge. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.

Investor biases related to Enbridge's public news can be used to forecast risks associated with an investment in Enbridge. The trend in average sentiment can be used to explain how an investor holding Enbridge can time the market purely based on public headlines and social activities around Enbridge. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.

Enbridge's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Enbridge's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Enbridge's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Enbridge.

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Enbridge in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Enbridge's short interest history, or implied volatility extrapolated from Enbridge options trading.

Pair Trading with Enbridge

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 Enbridge 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 Enbridge will appreciate offsetting losses from the drop in the long position's value.

The ability to find closely correlated positions to Enbridge could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Enbridge 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 Enbridge - 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 Enbridge to buy it.

The correlation of Enbridge 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 Enbridge moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Enbridge 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 Enbridge 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.

Pair Correlation Correlation Matching

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:

How To Invest In Enbridge

Details

Is Enbridge Stock a good investment?

Details

What is Enbridge's Net Worth?

Details

Largest Oil & Gas Midstream Companies

View

Largest Energy Companies

View

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.

For information on how to trade Enbridge Stock refer to our How to Trade Enbridge Stock guide.

You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.

Complementary Tools for Enbridge Stock analysis

When running Enbridge's price analysis, check to measure Enbridge'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 Enbridge is operating at the current time. Most of Enbridge's value examination focuses on studying past and present price action to predict the probability of Enbridge's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Enbridge's price. Additionally, you may evaluate how the addition of Enbridge to your portfolios can decrease your overall portfolio volatility.

	Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine
	Content Syndication Quickly integrate customizable finance content to your own investment portal
	Global Correlations Find global opportunities by holding instruments from different markets
	CEOs Directory Screen CEOs from public companies around the world
	Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments

Is Enbridge'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 Enbridge. If investors know Enbridge 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 Enbridge 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

(0.59)

Dividend Share

3.55

Earnings Share

2.07

Revenue Per Share

21.23

Quarterly Revenue Growth

(0.16)

The market value of Enbridge is measured differently than its book value, which is the value of Enbridge that is recorded on the company's balance sheet. Investors also form their own opinion of Enbridge's value that differs from its market value or its book value, called intrinsic value, which is Enbridge'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 Enbridge's market value can be influenced by many factors that don't directly affect Enbridge'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 Enbridge's value and its price as these two are different measures arrived at by different means. Investors typically determine if Enbridge is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Enbridge'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Enbridge Net Debt vs Net Receivables Analysis

Net Debt vs Net Receivables

Net Debt vs Net Receivables Correlation Analysis

Correlation Coefficient

Net Debt

Net Receivables

Enbridge fundamental ratios Correlations

Enbridge Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Enbridge fundamental ratios Accounts

Enbridge Investors Sentiment

Pair Trading with Enbridge

Complementary Tools for Enbridge Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Total Liab	+ 1.0	Short Long Term Debt Total
Non Current Liabilities Total	+ 1.0	Net Debt
Total Liab	+ 1.0	Net Debt

Property Plant And Equipment Gross	- 0.93	Retained Earnings
Common Stock Total Equity	- 0.91	Retained Earnings
Intangible Assets	- 0.89	Retained Earnings
Retained Earnings	- 0.85	Short Long Term Debt Total
Non Current Liabilities Total	- 0.84	Retained Earnings
Common Stock Shares Outstanding	- 0.84	Retained Earnings