Enbridge Pref 3 Preferred Stock Current Ratio
| ENB-PY Preferred Stock | CAD 18.62 0.03 0.16% |
Enbridge Pref 3 fundamentals help investors to digest information that contributes to Enbridge Pref's financial success or failures. It also enables traders to predict the movement of Enbridge Preferred Stock. The fundamental analysis module provides a way to measure Enbridge Pref's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Enbridge Pref preferred stock.
Enbridge |
Enbridge Pref 3 Company Current Ratio Analysis
Enbridge Pref's Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.
Current Enbridge Pref Current Ratio | 0.63 X |
Most of Enbridge Pref's fundamental indicators, such as Current Ratio, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Enbridge Pref 3 is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but the generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e., Current Ration of 2 to 1).
| Competition |
In accordance with the recently published financial statements, Enbridge Pref 3 has a Current Ratio of 0.63 times. This is 55.0% lower than that of the Energy sector and 33.68% lower than that of the Oil & Gas Midstream industry. The current ratio for all Canada preferred stocks is 70.83% higher than that of the company.
Enbridge Current Ratio Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Enbridge Pref's direct or indirect competition against its Current Ratio to detect undervalued stocks with similar characteristics or determine the preferred stocks which would be a good addition to a portfolio. Peer analysis of Enbridge Pref could also be used in its relative valuation, which is a method of valuing Enbridge Pref by comparing valuation metrics of similar companies.Enbridge Pref is rated # 3 in current ratio category among its peers.
Enbridge Fundamentals
| Return On Equity | 0.0464 | ||||
| Return On Asset | 0.0302 | ||||
| Profit Margin | 0.06 % | ||||
| Operating Margin | 0.16 % | ||||
| Current Valuation | 117.58 B | ||||
| Shares Outstanding | 1.72 B | ||||
| Shares Owned By Institutions | 40.94 % | ||||
| Number Of Shares Shorted | 25.31 K | ||||
| Price To Earning | 5.28 X | ||||
| Price To Sales | 1.83 X | ||||
| Revenue | 53.31 B | ||||
| Gross Profit | 20.72 B | ||||
| EBITDA | 12.08 B | ||||
| Net Income | 3 B | ||||
| Cash And Equivalents | 710 M | ||||
| Cash Per Share | 0.35 X | ||||
| Total Debt | 72.94 B | ||||
| Debt To Equity | 92.20 % | ||||
| Current Ratio | 0.63 X | ||||
| Book Value Per Share | 26.21 X | ||||
| Cash Flow From Operations | 11.23 B | ||||
| Short Ratio | 2.16 X | ||||
| Earnings Per Share | 2.88 X | ||||
| Number Of Employees | 11.1 K | ||||
| Beta | 0.89 | ||||
| Market Capitalization | 103.56 B | ||||
| Total Asset | 179.61 B | ||||
| Z Score | 0.6 | ||||
| Annual Yield | 0.06 % | ||||
| Five Year Return | 5.63 % | ||||
| Net Asset | 179.61 B | ||||
| Last Dividend Paid | 3.44 |
About Enbridge Pref Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Enbridge Pref 3's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Enbridge Pref using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Enbridge Pref 3 based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Enbridge Pref
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 Pref 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 Pref will appreciate offsetting losses from the drop in the long position's value.Moving together with Enbridge Preferred Stock
Moving against Enbridge Preferred Stock
| 0.62 | BHC | Bausch Health Companies | PairCorr |
| 0.45 | XIM | Ximen Mining Corp | PairCorr |
| 0.42 | FUND | Katipult Technology Corp | PairCorr |
The ability to find closely correlated positions to Enbridge Pref 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 Pref 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 Pref - 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 Pref 3 to buy it.
The correlation of Enbridge Pref 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 Pref moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Enbridge Pref 3 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 Pref 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.Other Information on Investing in Enbridge Preferred Stock
Enbridge Pref financial ratios help investors to determine whether Enbridge Preferred Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Enbridge with respect to the benefits of owning Enbridge Pref security.