EnLink Long Term Investments vs Total Liab Analysis
ENLC Stock | USD 13.55 0.04 0.30% |
EnLink Midstream financial indicator trend analysis is much more than just examining EnLink Midstream LLC latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether EnLink Midstream LLC is a good investment. Please check the relationship between EnLink Midstream Long Term Investments and its Total Liab accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in EnLink Midstream LLC. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis.
Long Term Investments vs Total Liab
Long Term Investments vs Total Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of EnLink Midstream LLC Long Term Investments account and Total Liab. At this time, the significance of the direction appears to have pay attention.
The correlation between EnLink Midstream's Long Term Investments and Total Liab is -0.85. Overlapping area represents the amount of variation of Long Term Investments that can explain the historical movement of Total Liab in the same time period over historical financial statements of EnLink Midstream LLC, assuming nothing else is changed. The correlation between historical values of EnLink Midstream's Long Term Investments and Total Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Investments of EnLink Midstream LLC are associated (or correlated) with its Total Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Liab has no effect on the direction of Long Term Investments i.e., EnLink Midstream's Long Term Investments and Total Liab go up and down completely randomly.
Correlation Coefficient | -0.85 |
Relationship Direction | Negative |
Relationship Strength | Significant |
Long Term Investments
Long Term Investments is an item on the asset side of EnLink Midstream balance sheet that represents investments EnLink Midstream LLC intends to hold for over a year. EnLink Midstream LLC long term investments may include different instruments such as stocks, bonds, real estate and cash.Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.Most indicators from EnLink Midstream's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into EnLink Midstream LLC 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 EnLink Midstream LLC. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. At present, EnLink Midstream's Tax Provision is projected to increase significantly based on the last few years of reporting. The current year's Sales General And Administrative To Revenue is expected to grow to 0.03, whereas Discontinued Operations is forecasted to decline to about 800 K.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 888.5M | 1.3B | 1.4B | 1.4B | Total Revenue | 6.7B | 9.5B | 6.9B | 4.1B |
EnLink Midstream fundamental ratios Correlations
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EnLink Midstream Account Relationship Matchups
High Positive Relationship
High Negative Relationship
EnLink Midstream fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 9.3B | 8.6B | 8.5B | 8.7B | 8.3B | 5.5B | |
Total Stockholder Equity | 2.1B | 1.5B | 1.3B | 2.9B | 2.6B | 2.8B | |
Property Plant And Equipment Net | 7.1B | 6.7B | 6.4B | 6.6B | 6.4B | 3.6B | |
Non Current Assets Total | 8.7B | 7.9B | 7.6B | 7.7B | 7.5B | 5.2B | |
Non Currrent Assets Other | 128.2M | 75.5M | 96.6M | (613.3M) | 112.2M | 117.8M | |
Common Stock Shares Outstanding | 188.6M | 463.9M | 489.3M | 494.3M | 485.3M | 466M | |
Liabilities And Stockholders Equity | 9.3B | 8.6B | 8.5B | 8.7B | 8.3B | 5.5B | |
Other Assets | 52.1M | 122M | 36.7M | 31.3M | 28.2M | 46.1M | |
Other Stockholder Equity | 1.7B | 1.7B | (209.2M) | 1.0B | 1.6B | 1.1B | |
Total Liab | 5.5B | 5.3B | 5.5B | 5.7B | 5.7B | 3.2B | |
Property Plant And Equipment Gross | 7.1B | 6.7B | 10.7B | 11.3B | 11.5B | 12.1B | |
Short Long Term Debt Total | 4.8B | 4.6B | 4.4B | 4.7B | 4.6B | 2.5B | |
Other Current Liab | 55.2M | 66.2M | 68.3M | 703.8M | 107M | 101.7M | |
Total Current Liabilities | 647.1M | 888M | 898.9M | 875.4M | 993.6M | 640.4M | |
Current Deferred Revenue | 499.1M | 394.2M | 672.9M | 18.5M | 634M | 665.7M | |
Net Debt | 4.7B | 4.6B | 4.4B | 4.7B | 4.6B | 2.5B | |
Accounts Payable | 71.7M | 61.5M | 139.6M | 126.9M | 126.5M | 132.8M | |
Cash | 77.4M | 39.6M | 26.2M | 22.6M | 28.7M | 29.4M | |
Cash And Short Term Investments | 77.4M | 39.6M | 26.2M | 22.6M | 28.7M | 41.8M | |
Net Receivables | 496.3M | 528.1M | 788.2M | 725.2M | 667.3M | 491.6M | |
Common Stock Total Equity | 1.9B | 1.7B | 2.1B | 1.5B | 1.7B | 870.5M | |
Non Current Liabilities Total | 4.9B | 4.4B | 4.6B | 4.9B | 4.7B | 2.7B | |
Inventory | 43.4M | 44.9M | 49.4M | 147.1M | 46.4M | 34.7M | |
Other Current Assets | 27.3M | 38.8M | 56.6M | 960.2M | 19M | 18.1M | |
Total Current Assets | 644.4M | 651.4M | 920.4M | 982.8M | 838.3M | 593.9M | |
Accumulated Other Comprehensive Income | (11M) | (15.3M) | (1.4M) | 700K | 630K | 661.5K | |
Short Term Debt | 21.1M | 366.1M | 18.1M | 26.2M | 126.1M | 132.4M | |
Intangible Assets | 1.2B | 1.1B | 1.0B | 921.2M | 793.6M | 796.0M | |
Common Stock | 2.1B | 1.5B | 1.3B | 1.3B | 1.0B | 936.4M | |
Other Liab | 24.4M | 134.6M | 166.5M | 73.2M | 65.9M | 62.6M | |
Property Plant Equipment | 7.1B | 6.7B | 6.4B | 6.6B | 7.5B | 6.5B | |
Net Tangible Assets | 695.2M | 368.1M | 253M | 385.2M | 443.0M | 465.1M | |
Noncontrolling Interest In Consolidated Entity | 1.7B | 1.7B | 1.7B | 1.6B | 1.4B | 2.2B | |
Long Term Debt | 4.8B | 4.2B | 4.4B | 4.7B | 4.5B | 4.2B | |
Long Term Debt Total | 4.8B | 4.2B | 4.4B | 4.7B | 5.4B | 4.2B | |
Deferred Long Term Liab | 6.8M | 111.1M | 139.7M | 45.4M | 40.9M | 38.8M | |
Long Term Investments | 4.3M | 4.9M | 200K | 2.9M | 150.5M | 158.0M |
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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in EnLink Midstream LLC. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
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Is EnLink Midstream'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 EnLink Midstream. If investors know EnLink 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 EnLink Midstream 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 (0.75) | Dividend Share 0.515 | Earnings Share 0.35 | Revenue Per Share 14.871 | Quarterly Revenue Growth (0.04) |
The market value of EnLink Midstream LLC is measured differently than its book value, which is the value of EnLink that is recorded on the company's balance sheet. Investors also form their own opinion of EnLink Midstream's value that differs from its market value or its book value, called intrinsic value, which is EnLink Midstream'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 EnLink Midstream's market value can be influenced by many factors that don't directly affect EnLink Midstream'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 EnLink Midstream's value and its price as these two are different measures arrived at by different means. Investors typically determine if EnLink Midstream is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, EnLink Midstream'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.