Enbridge Net Borrowings vs Change To Account Receivables Analysis

0KTI Stock

60.00 0.22 0.37%

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 Borrowings and its Change To Account Receivables accounts. Check out Trending Equities 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.

For more information on how to buy Enbridge Stock please use our How to Invest in Enbridge guide.

Net Borrowings vs Change To Account Receivables

Net Borrowings vs Change To Account Receivables Correlation Analysis

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

The correlation between Enbridge's Net Borrowings and Change To Account Receivables is -0.49. Overlapping area represents the amount of variation of Net Borrowings that can explain the historical movement of Change To Account 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 Borrowings and Change To Account 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 Borrowings of Enbridge are associated (or correlated) with its Change To Account Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Account Receivables has no effect on the direction of Net Borrowings i.e., Enbridge's Net Borrowings and Change To Account Receivables go up and down completely randomly.

Correlation Coefficient

-0.49

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Net Borrowings

The difference between the amount of new debt a company has taken on and the amount of debt it has paid off during a given period.

Change To Account 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 Trending Equities 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.

For more information on how to buy Enbridge Stock please use our How to Invest in Enbridge guide.Selling General Administrative is likely to drop to about 128.2 M in 2024. Tax Provision is likely to drop to about 486.4 M in 2024

	2021	2022	2023	2024 (projected)
Total Revenue	47.1B	53.3B	43.6B	45.8B
Depreciation And Amortization	3.9B	4.3B	4.6B	4.8B

Total Revenue 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	Good Will	Common Stock
Total Assets		0.99	0.39	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	-0.33	0.99	0.82	0.87	0.92	0.93	0.81	0.94	0.91
Short Long Term Debt Total	0.99		0.4	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	-0.29	1.0	0.87	0.91	0.9	0.95	0.82	0.89	0.86
Other Current Liab	0.39	0.4		0.5	0.3	0.46	0.41	-0.1	0.06	0.38	0.35	0.06	0.53	0.25	0.41	0.53	0.31	0.14	0.42	0.46	0.34	0.11	0.28	0.21	0.19	0.2
Total Current Liabilities	0.94	0.96	0.5		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	0.88	0.96	0.88	0.92	0.81	0.8	0.8
Total Stockholder Equity	0.98	0.94	0.3	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	-0.43	0.94	0.71	0.8	0.91	0.87	0.77	0.98	0.95
Property Plant And Equipment Net	0.99	0.99	0.46	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	0.85	0.89	0.89	0.92	0.8	0.88	0.86
Net Debt	0.99	1.0	0.41	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	0.84	0.91	0.91	0.95	0.8	0.9	0.88
Retained Earnings	-0.87	-0.89	-0.1	-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	0.52	-0.88	-0.78	-0.85	-0.8	-0.88	-0.73	-0.82	-0.81
Cash	0.37	0.43	0.06	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	-0.14	0.43	0.73	0.4	0.24	0.4	0.52	0.22	0.12
Non Current Assets Total	1.0	0.99	0.38	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	0.8	0.86	0.92	0.92	0.8	0.95	0.92
Non Currrent Assets Other	0.94	0.92	0.35	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	-0.43	0.91	0.66	0.82	0.88	0.86	0.69	0.93	0.94
Cash And Short Term Investments	0.37	0.43	0.06	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	-0.14	0.43	0.73	0.4	0.24	0.4	0.52	0.22	0.12
Net Receivables	0.7	0.67	0.53	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	0.5	0.65	0.7	0.66	0.51	0.64	0.71
Common Stock Shares Outstanding	0.87	0.84	0.25	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	-0.48	0.83	0.55	0.75	0.83	0.78	0.59	0.9	0.98
Non Current Liabilities Total	0.99	1.0	0.41	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	-0.26	1.0	0.87	0.89	0.89	0.94	0.81	0.89	0.86
Inventory	0.76	0.77	0.53	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	-0.06	0.78	0.64	0.8	0.75	0.76	0.54	0.63	0.72
Other Current Assets	0.22	0.3	0.31	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		0.11	0.31	0.61	0.24	0.03	0.19	0.43	-0.01	-0.05
Other Stockholder Equity	-0.33	-0.29	0.14	-0.23	-0.43	-0.24	-0.28	0.52	-0.14	-0.33	-0.43	-0.14	-0.03	-0.48	-0.26	-0.06	0.11		-0.25	-0.15	-0.27	-0.25	-0.27	-0.26	-0.49	-0.5
Total Liab	0.99	1.0	0.42	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		0.88	0.91	0.9	0.94	0.82	0.88	0.85
Total Current Assets	0.82	0.87	0.46	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		0.84	0.7	0.83	0.83	0.63	0.57
Short Term Debt	0.87	0.91	0.34	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	0.84		0.86	0.93	0.8	0.74	0.74
Accounts Payable	0.92	0.9	0.11	0.88	0.91	0.89	0.91	-0.8	0.24	0.92	0.88	0.24	0.7	0.83	0.89	0.75	0.03	-0.25	0.9	0.7	0.86		0.89	0.78	0.89	0.87
Intangible Assets	0.93	0.95	0.28	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	0.83	0.93	0.89		0.85	0.86	0.81
Other Assets	0.81	0.82	0.21	0.81	0.77	0.8	0.8	-0.73	0.52	0.8	0.69	0.52	0.51	0.59	0.81	0.54	0.43	-0.26	0.82	0.83	0.8	0.78	0.85		0.72	0.66
Good Will	0.94	0.89	0.19	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	-0.49	0.88	0.63	0.74	0.89	0.86	0.72		0.95
Common Stock	0.91	0.86	0.2	0.8	0.95	0.86	0.88	-0.81	0.12	0.92	0.94	0.12	0.71	0.98	0.86	0.72	-0.05	-0.5	0.85	0.57	0.74	0.87	0.81	0.66	0.95

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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	66.9B	75.6B	81.0B	81.2B	85.3B
Other Current Liab	5.3B	5.8B	5.6B	4.3B	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	2.0B	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	277M	365M	275M	268M	254.6M
Total Liab	93.9B	95.9B	105.5B	116.2B	115.8B	121.6B
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	4.5B	6.2B	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	9.7B	11.1B	11.7B
Good Will	33.2B	32.7B	32.8B	32.4B	31.8B	33.4B
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
Long Term Debt	60.9B	60.3B	59.7B	62.8B	72.2B	61.6B
Property Plant Equipment	94.5B	95.3B	100.7B	105.1B	120.9B	101.4B
Other Liab	17.2B	18.2B	18.6B	22.3B	25.6B	20.4B
Net Tangible Assets	23.0B	18.9B	16.3B	16.6B	14.9B	15.0B
Deferred Long Term Liab	871M	672M	1.0B	1.6B	1.5B	1.9B

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Enbridge Net Borrowings vs Change To Account Receivables Analysis

Net Borrowings vs Change To Account Receivables

Net Borrowings vs Change To Account Receivables Correlation Analysis

Correlation Coefficient

Net Borrowings

Change To Account Receivables

Enbridge fundamental ratios Correlations

Enbridge Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Enbridge fundamental ratios Accounts

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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

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
Retained Earnings	- 0.87	Total Assets