Enbridge Net Receivables vs Inventory Analysis

ENB Stock

CAD 60.14 0.08 0.13%

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 Receivables and its Inventory 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 closely tied 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.

Net Receivables vs Inventory

Net Receivables vs Inventory Correlation Analysis

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

The correlation between Enbridge's Net Receivables and Inventory is 0.91. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Inventory 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 Receivables and Inventory 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 Receivables of Enbridge are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Net Receivables i.e., Enbridge's Net Receivables and Inventory go up and down completely randomly.

Correlation Coefficient

0.91

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Net Receivables

Inventory

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 closely tied 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 Tax Provision is very stable compared to the past year. As of the 28th of November 2024, Issuance Of Capital Stock is likely to grow to about 4.7 B, while Selling General Administrative is likely to drop about 128.2 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

Gross Profit Total Revenue

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	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Accounts Payable	Intangible Assets	Other Assets	Good Will
Total Assets		0.99	0.5	0.94	0.98	0.99	0.99	-0.87	0.37	1.0	0.94	0.37	0.7	0.87	0.99	0.76	0.22	-0.32	0.99	0.96	0.82	0.87	0.92	0.93	0.81	0.94
Short Long Term Debt Total	0.99		0.53	0.96	0.94	0.99	1.0	-0.89	0.43	0.99	0.92	0.43	0.67	0.84	1.0	0.77	0.3	-0.28	1.0	0.99	0.87	0.91	0.9	0.95	0.82	0.89
Other Current Liab	0.5	0.53		0.63	0.4	0.56	0.54	-0.27	0.0	0.49	0.52	0.0	0.68	0.4	0.52	0.74	0.21	0.04	0.54	0.5	0.53	0.51	0.26	0.44	0.27	0.3
Total Current Liabilities	0.94	0.96	0.63		0.87	0.97	0.96	-0.82	0.38	0.93	0.88	0.38	0.74	0.8	0.95	0.85	0.28	-0.23	0.97	0.96	0.88	0.96	0.87	0.92	0.81	0.8
Total Stockholder Equity	0.98	0.94	0.4	0.87		0.94	0.95	-0.83	0.26	0.98	0.95	0.26	0.68	0.9	0.94	0.69	0.11	-0.42	0.94	0.9	0.71	0.8	0.92	0.87	0.76	0.98
Property Plant And Equipment Net	0.99	0.99	0.56	0.97	0.94		0.99	-0.85	0.39	0.99	0.92	0.39	0.7	0.84	0.99	0.79	0.3	-0.24	1.0	0.97	0.85	0.89	0.9	0.92	0.8	0.88
Net Debt	0.99	1.0	0.54	0.96	0.95	0.99		-0.88	0.37	0.99	0.94	0.37	0.7	0.86	1.0	0.8	0.25	-0.28	1.0	0.98	0.84	0.91	0.91	0.95	0.8	0.9
Retained Earnings	-0.87	-0.89	-0.27	-0.82	-0.83	-0.85	-0.88		-0.55	-0.86	-0.8	-0.55	-0.39	-0.78	-0.89	-0.59	-0.29	0.51	-0.88	-0.93	-0.78	-0.85	-0.79	-0.88	-0.74	-0.82
Cash	0.37	0.43	0.0	0.38	0.26	0.39	0.37	-0.55		0.34	0.13	1.0	-0.18	0.08	0.44	0.0	0.76	-0.15	0.43	0.51	0.73	0.4	0.25	0.4	0.54	0.22
Non Current Assets Total	1.0	0.99	0.49	0.93	0.98	0.99	0.99	-0.86	0.34		0.95	0.34	0.7	0.88	0.98	0.76	0.2	-0.33	0.98	0.95	0.8	0.86	0.93	0.92	0.8	0.95
Non Currrent Assets Other	0.94	0.92	0.52	0.88	0.95	0.92	0.94	-0.8	0.13	0.95		0.13	0.76	0.92	0.91	0.81	0.03	-0.42	0.91	0.88	0.66	0.82	0.88	0.86	0.69	0.93
Cash And Short Term Investments	0.37	0.43	0.0	0.38	0.26	0.39	0.37	-0.55	1.0	0.34	0.13		-0.18	0.08	0.44	0.0	0.76	-0.15	0.43	0.51	0.73	0.4	0.25	0.4	0.54	0.22
Net Receivables	0.7	0.67	0.68	0.74	0.68	0.7	0.7	-0.39	-0.18	0.7	0.76	-0.18		0.76	0.66	0.91	-0.19	-0.03	0.68	0.6	0.5	0.65	0.68	0.66	0.5	0.64
Common Stock Shares Outstanding	0.87	0.84	0.4	0.8	0.9	0.84	0.86	-0.78	0.08	0.88	0.92	0.08	0.76		0.83	0.77	-0.1	-0.47	0.83	0.8	0.55	0.75	0.83	0.78	0.59	0.9
Non Current Liabilities Total	0.99	1.0	0.52	0.95	0.94	0.99	1.0	-0.89	0.44	0.98	0.91	0.44	0.66	0.83		0.76	0.31	-0.25	1.0	0.98	0.87	0.89	0.9	0.94	0.81	0.89
Inventory	0.76	0.77	0.74	0.85	0.69	0.79	0.8	-0.59	0.0	0.76	0.81	0.0	0.91	0.77	0.76		0.03	-0.05	0.78	0.74	0.64	0.8	0.72	0.76	0.54	0.63
Other Current Assets	0.22	0.3	0.21	0.28	0.11	0.3	0.25	-0.29	0.76	0.2	0.03	0.76	-0.19	-0.1	0.31	0.03		0.1	0.31	0.35	0.61	0.24	0.05	0.19	0.44	-0.01
Other Stockholder Equity	-0.32	-0.28	0.04	-0.23	-0.42	-0.24	-0.28	0.51	-0.15	-0.33	-0.42	-0.15	-0.03	-0.47	-0.25	-0.05	0.1		-0.25	-0.32	-0.15	-0.27	-0.24	-0.27	-0.28	-0.48
Total Liab	0.99	1.0	0.54	0.97	0.94	1.0	1.0	-0.88	0.43	0.98	0.91	0.43	0.68	0.83	1.0	0.78	0.31	-0.25		0.98	0.88	0.91	0.9	0.94	0.82	0.88
Property Plant And Equipment Gross	0.96	0.99	0.5	0.96	0.9	0.97	0.98	-0.93	0.51	0.95	0.88	0.51	0.6	0.8	0.98	0.74	0.35	-0.32	0.98		0.9	0.94	0.87	0.96	0.85	0.85
Total Current Assets	0.82	0.87	0.53	0.88	0.71	0.85	0.84	-0.78	0.73	0.8	0.66	0.73	0.5	0.55	0.87	0.64	0.61	-0.15	0.88	0.9		0.84	0.69	0.83	0.84	0.63
Short Term Debt	0.87	0.91	0.51	0.96	0.8	0.89	0.91	-0.85	0.4	0.86	0.82	0.4	0.65	0.75	0.89	0.8	0.24	-0.27	0.91	0.94	0.84		0.85	0.93	0.8	0.74
Accounts Payable	0.92	0.9	0.26	0.87	0.92	0.9	0.91	-0.79	0.25	0.93	0.88	0.25	0.68	0.83	0.9	0.72	0.05	-0.24	0.9	0.87	0.69	0.85		0.89	0.78	0.9
Intangible Assets	0.93	0.95	0.44	0.92	0.87	0.92	0.95	-0.88	0.4	0.92	0.86	0.4	0.66	0.78	0.94	0.76	0.19	-0.27	0.94	0.96	0.83	0.93	0.89		0.85	0.86
Other Assets	0.81	0.82	0.27	0.81	0.76	0.8	0.8	-0.74	0.54	0.8	0.69	0.54	0.5	0.59	0.81	0.54	0.44	-0.28	0.82	0.85	0.84	0.8	0.78	0.85		0.72
Good Will	0.94	0.89	0.3	0.8	0.98	0.88	0.9	-0.82	0.22	0.95	0.93	0.22	0.64	0.9	0.89	0.63	-0.01	-0.48	0.88	0.85	0.63	0.74	0.9	0.86	0.72

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	180.3B	189.3B
Short Long Term Debt Total	65.0B	67.0B	75.7B	81.0B	81.2B	85.3B
Other Current Liab	5.3B	6.4B	6.0B	6.9B	4.7B	5.0B
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	105.3B	110.6B
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	7.1B	7.4B
Cash And Short Term Investments	648M	452M	286M	861M	5.9B	6.2B
Net Receivables	6.5B	5.0B	6.2B	7.4B	4.8B	2.7B
Common Stock Shares Outstanding	1.7B	2.0B	2.0B	2.0B	2.1B	1.2B
Liabilities And Stockholders Equity	163.3B	160.3B	168.9B	179.6B	180.3B	189.3B
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	2.2B	2.3B
Other Stockholder Equity	187M	496M	365M	275M	268M	254.6M
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	2.3B	2.4B
Short Term Debt	5.3B	4.1B	7.7B	8.0B	6.5B	6.8B
Accounts Payable	4.5B	3.5B	4.6B	5.3B	4.3B	4.5B
Intangible Assets	2.2B	2.1B	4.0B	4.0B	3.5B	3.7B
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	69.2B	35.9B
Current Deferred Revenue	5.2B	5.5B	5.3B	1.1B	1.3B	1.2B
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

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.

Moving together with Enbridge Stock

0.82	ENB-PFV	Enbridge Pref 5	Pair Corr
0.95	ENS	E Split Corp	Pair Corr
0.94	ENS-PA	E Split Corp	Pair Corr

Moving against Enbridge Stock

0.43

SAGE

Sage Potash Corp

Pair Corr

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

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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 closely tied 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.

You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.

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.

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Enbridge Net Receivables vs Inventory Analysis

Net Receivables vs Inventory

Net Receivables vs Inventory Correlation Analysis

Correlation Coefficient

Net Receivables

Inventory

Enbridge fundamental ratios Correlations

Enbridge Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Enbridge fundamental ratios Accounts

Pair Trading with Enbridge

Moving together with Enbridge Stock

Moving against Enbridge Stock

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
Total Liab	+ 1.0	Property Plant And Equipment Net
Non Current Liabilities Total	+ 1.0	Net Debt

Property Plant And Equipment Gross	- 0.93	Retained Earnings
Non Current Liabilities Total	- 0.89	Retained Earnings
Retained Earnings	- 0.89	Short Long Term Debt Total
Intangible Assets	- 0.88	Retained Earnings
Total Liab	- 0.88	Retained Earnings
Retained Earnings	- 0.88	Net Debt