Enerplus Cash vs Long Term Debt Analysis
ERF Stock | USD 20.06 0.13 0.65% |
Enerplus financial indicator trend analysis is much more than just examining Enerplus latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Enerplus is a good investment. Please check the relationship between Enerplus Cash and its Long Term Debt accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Enerplus. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. For more detail on how to invest in Enerplus Stock please use our How to Invest in Enerplus guide.
Cash vs Long Term Debt
Cash vs Long Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Enerplus Cash account and Long Term Debt. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Enerplus' Cash and Long Term Debt is -0.15. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of Enerplus, assuming nothing else is changed. The correlation between historical values of Enerplus' Cash and Long Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of Enerplus are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Cash i.e., Enerplus' Cash and Long Term Debt go up and down completely randomly.
Correlation Coefficient | -0.15 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Cash
Cash refers to the most liquid asset of Enerplus, which is listed under current asset account on Enerplus balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Enerplus customers. The amounts must be unrestricted with restricted cash listed in a different Enerplus account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.Long Term Debt
Long-term debt is a debt that Enerplus has held for over one year. Long-term debt appears on Enerplus balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Enerplus balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.Most indicators from Enerplus' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Enerplus 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 Enerplus. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. For more detail on how to invest in Enerplus Stock please use our How to Invest in Enerplus guide.At this time, Enerplus' Sales General And Administrative To Revenue is most likely to slightly decrease in the upcoming years.
2021 | 2022 | 2023 | 2024 (projected) | Cost Of Revenue | 794.0M | 996.7M | 1.0B | 1.1B | EBITDA | 742.5M | 1.6B | 962.6M | 750.2M |
Enerplus fundamental ratios Correlations
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Enerplus Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Enerplus fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 2.0B | 1.2B | 2.0B | 1.9B | 2.1B | 2.8B | |
Short Long Term Debt Total | 505.0M | 413.5M | 730.7M | 282.4M | 212.4M | 201.8M | |
Other Current Liab | 2.1M | 15.1M | 143.2M | 120.7M | 91.6M | 71.8M | |
Total Current Liabilities | 321.5M | 306.3M | 621.4M | 503.2M | 478.4M | 294.2M | |
Total Stockholder Equity | 1.1B | 420.1M | 609.3M | 1.1B | 1.2B | 1.7B | |
Property Plant And Equipment Net | 1.2B | 492.4M | 1.3B | 1.4B | 1.5B | 2.2B | |
Net Debt | 388.9M | 323.7M | 669.3M | 244.4M | 145.7M | 138.4M | |
Retained Earnings | (1.5B) | (2.3B) | (2.2B) | (1.5B) | (1.2B) | (1.3B) | |
Accounts Payable | 142.1M | 113.4M | 260.8M | 288.2M | 294.1M | 169.1M | |
Cash | 116.1M | 89.8M | 61.3M | 38M | 66.7M | 50.2M | |
Non Current Assets Total | 1.7B | 968.5M | 1.7B | 1.5B | 1.7B | 2.6B | |
Non Currrent Assets Other | 10.6M | 1.0 | 9.8M | 21.2M | 5.9M | 5.6M | |
Cash And Short Term Investments | 116.1M | 89.8M | 61.3M | 38M | 66.7M | 52.4M | |
Net Receivables | 156.1M | 83.4M | 228.0M | 276.6M | 268.4M | 281.9M | |
Common Stock Shares Outstanding | 231.3M | 222.5M | 259.9M | 242.7M | 217.9M | 162.8M | |
Liabilities And Stockholders Equity | 2.0B | 1.2B | 2.0B | 1.9B | 2.1B | 2.8B | |
Non Current Liabilities Total | 516.1M | 423.7M | 759.3M | 358.2M | 362.8M | 344.6M | |
Other Stockholder Equity | 45.5M | 39.7M | 50.9M | 50.5M | 44.5M | 42.3M | |
Total Liab | 837.7M | 729.9M | 1.4B | 861.4M | 841.1M | 1.1B | |
Property Plant And Equipment Gross | 1.6B | 627.9M | 13.2B | 7.3B | 7.9B | 8.3B | |
Total Current Assets | 282.6M | 181.6M | 306.0M | 407.7M | 383.3M | 218.9M | |
Accumulated Other Comprehensive Income | 236.0M | 251.0M | (297.3M) | (301.3M) | (346.5M) | (329.2M) | |
Short Term Debt | 94.6M | 91.9M | 111.2M | 94.3M | 92.7M | 97.3M | |
Current Deferred Revenue | 86.5M | 82.8M | 85.9M | 106.2M | 122.2M | 81.7M | |
Other Assets | 1.0 | 607.0M | 390.6M | 176.2M | 202.6M | 212.7M | |
Other Liab | 138.0M | 130.2M | 139.9M | 170.0M | 195.5M | 215.1M | |
Net Tangible Assets | 1.3B | 535.7M | 609.3M | 1.1B | 1.2B | 1.3B | |
Long Term Debt | 500.6M | 386.6M | 601.2M | 178.9M | 105.4M | 100.2M | |
Common Stock Total Equity | 3.4B | 3.3B | 3.1B | 3.1B | 3.6B | 3.7B | |
Inventory | 8.1M | 2.8M | 5.7M | 36.5M | 3.2M | 3.0M | |
Other Current Assets | 2.3M | 5.6M | 11.0M | 56.6M | 45.0M | 47.2M | |
Short Long Term Debt | 106.0M | 103.8M | 100.6M | 80.6M | 92.7M | 79.1M | |
Common Stock | 2.4B | 2.4B | 3.1B | 2.8B | 2.7B | 3.3B | |
Property Plant Equipment | 1.6B | 627.9M | 1.3B | 1.4B | 1.2B | 2.0B | |
Long Term Debt Total | 500.6M | 386.6M | 601.2M | 178.9M | 205.8M | 195.5M | |
Capital Surpluse | 59.5M | 50.6M | 50.9M | 50.5M | 58.0M | 50.9M | |
Capital Lease Obligations | 53.1M | 36.8M | 28.9M | 22.9M | 26.4M | 20.6M |
Pair Trading with Enerplus
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 Enerplus 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 Enerplus will appreciate offsetting losses from the drop in the long position's value.Moving together with Enerplus Stock
0.87 | AR | Antero Resources Corp | PairCorr |
0.96 | PR | Permian Resources | PairCorr |
0.88 | SD | SandRidge Energy | PairCorr |
0.97 | SM | SM Energy | PairCorr |
The ability to find closely correlated positions to Enerplus could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Enerplus 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 Enerplus - 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 Enerplus to buy it.
The correlation of Enerplus 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 Enerplus moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Enerplus 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 Enerplus 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.Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Enerplus. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. For more detail on how to invest in Enerplus Stock please use our How to Invest in Enerplus guide.You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
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When running Enerplus' price analysis, check to measure Enerplus' 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 Enerplus is operating at the current time. Most of Enerplus' value examination focuses on studying past and present price action to predict the probability of Enerplus' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Enerplus' price. Additionally, you may evaluate how the addition of Enerplus to your portfolios can decrease your overall portfolio volatility.
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Is Enerplus' 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 Enerplus. If investors know Enerplus 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 Enerplus 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 (0.48) | Dividend Share 0.24 | Earnings Share 1.79 | Revenue Per Share 7.102 | Quarterly Revenue Growth (0.13) |
The market value of Enerplus is measured differently than its book value, which is the value of Enerplus that is recorded on the company's balance sheet. Investors also form their own opinion of Enerplus' value that differs from its market value or its book value, called intrinsic value, which is Enerplus' 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 Enerplus' market value can be influenced by many factors that don't directly affect Enerplus' 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 Enerplus' value and its price as these two are different measures arrived at by different means. Investors typically determine if Enerplus is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Enerplus' 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.