CenterPoint Net Debt vs Short Term Debt Analysis

CNP Stock

USD 32.18 0.45 1.42%

CenterPoint Energy financial indicator trend analysis is way more than just evaluating CenterPoint Energy prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether CenterPoint Energy is a good investment. Please check the relationship between CenterPoint Energy Net Debt and its Short Term Debt accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CenterPoint Energy. 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 CenterPoint Stock, please use our How to Invest in CenterPoint Energy guide.

Net Debt vs Short Term Debt

Net Debt vs Short Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of CenterPoint Energy Net Debt account and Short Term Debt. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between CenterPoint Energy's Net Debt and Short Term Debt is 0.49. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Short Term Debt in the same time period over historical financial statements of CenterPoint Energy, assuming nothing else is changed. The correlation between historical values of CenterPoint Energy's Net Debt and Short 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 Net Debt of CenterPoint Energy are associated (or correlated) with its Short Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Debt has no effect on the direction of Net Debt i.e., CenterPoint Energy's Net Debt and Short Term Debt go up and down completely randomly.

Correlation Coefficient

0.49

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Short Term Debt

Most indicators from CenterPoint Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into CenterPoint Energy 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 CenterPoint Energy. 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 CenterPoint Stock, please use our How to Invest in CenterPoint Energy guide.At this time, CenterPoint Energy's Selling General Administrative is relatively stable compared to the past year. As of 11/22/2024, Tax Provision is likely to grow to about 290.9 M, while Enterprise Value is likely to drop slightly above 11.4 B.

	2021	2022	2023	2024 (projected)
Gross Profit	3.2B	3.4B	3.7B	2.9B
Total Revenue	8.4B	9.3B	8.7B	9.9B

Gross Profit Total Revenue

CenterPoint Energy fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock
Common Stock Shares Outstanding		0.93	0.92	0.45	0.87	0.81	0.64	-0.06	0.86	-0.14	0.71	-0.03	0.91	-0.12	0.17	0.7	-0.67	0.96	0.87	0.26	0.86	0.95	0.63	0.59	0.43	-0.67
Total Assets	0.93		0.98	0.4	0.88	0.93	0.79	-0.01	0.92	0.05	0.75	-0.03	0.98	-0.09	0.2	0.61	-0.51	0.98	0.9	0.23	0.93	0.99	0.76	0.6	0.45	-0.51
Short Long Term Debt Total	0.92	0.98		0.33	0.82	0.88	0.82	0.03	0.97	0.11	0.66	-0.17	0.99	-0.05	0.07	0.52	-0.45	0.98	0.92	0.14	0.91	0.98	0.8	0.48	0.46	-0.45
Other Current Liab	0.45	0.4	0.33		0.46	0.24	0.16	-0.79	0.31	-0.27	0.43	-0.02	0.34	-0.35	-0.02	0.57	-0.56	0.45	0.27	0.77	0.22	0.46	0.13	0.44	0.06	-0.56
Total Current Liabilities	0.87	0.88	0.82	0.46		0.78	0.66	-0.04	0.77	-0.16	0.74	-0.03	0.85	-0.14	0.14	0.74	-0.63	0.84	0.77	0.19	0.75	0.88	0.61	0.57	0.68	-0.63
Total Stockholder Equity	0.81	0.93	0.88	0.24	0.78		0.73	0.08	0.78	0.18	0.8	0.16	0.89	-0.07	0.36	0.48	-0.25	0.85	0.86	0.19	0.96	0.86	0.7	0.62	0.35	-0.25
Property Plant And Equipment Net	0.64	0.79	0.82	0.16	0.66	0.73		0.02	0.8	0.31	0.63	-0.18	0.8	-0.06	0.0	0.43	-0.29	0.74	0.81	-0.1	0.73	0.79	0.98	0.36	0.53	-0.29
Current Deferred Revenue	-0.06	-0.01	0.03	-0.79	-0.04	0.08	0.02		0.01	0.2	-0.15	0.07	0.02	0.64	0.25	-0.21	0.14	-0.05	-0.07	-0.63	0.04	-0.04	0.02	-0.1	-0.02	0.14
Net Debt	0.86	0.92	0.97	0.31	0.77	0.78	0.8	0.01		0.11	0.52	-0.4	0.96	-0.05	-0.16	0.41	-0.39	0.94	0.88	0.08	0.84	0.94	0.79	0.3	0.49	-0.39
Retained Earnings	-0.14	0.05	0.11	-0.27	-0.16	0.18	0.31	0.2	0.11		0.17	-0.05	0.07	0.4	0.05	-0.09	0.39	-0.03	0.22	-0.19	0.1	-0.01	0.38	-0.06	-0.2	0.39
Accounts Payable	0.71	0.75	0.66	0.43	0.74	0.8	0.63	-0.15	0.52	0.17		0.35	0.64	-0.21	0.51	0.76	-0.46	0.66	0.74	0.4	0.74	0.7	0.64	0.84	0.25	-0.46
Cash	-0.03	-0.03	-0.17	-0.02	-0.03	0.16	-0.18	0.07	-0.4	-0.05	0.35		-0.17	0.0	0.92	0.29	-0.13	-0.11	-0.13	0.25	0.04	-0.11	-0.2	0.55	-0.27	-0.13
Non Current Assets Total	0.91	0.98	0.99	0.34	0.85	0.89	0.8	0.02	0.96	0.07	0.64	-0.17		-0.08	0.04	0.53	-0.45	0.97	0.9	0.11	0.9	0.98	0.76	0.42	0.51	-0.45
Non Currrent Assets Other	-0.12	-0.09	-0.05	-0.35	-0.14	-0.07	-0.06	0.64	-0.05	0.4	-0.21	0.0	-0.08		0.17	-0.11	0.03	-0.09	-0.19	-0.37	-0.12	-0.09	-0.03	-0.06	-0.35	0.03
Cash And Short Term Investments	0.17	0.2	0.07	-0.02	0.14	0.36	0.0	0.25	-0.16	0.05	0.51	0.92	0.04	0.17		0.36	-0.23	0.13	0.04	0.3	0.24	0.12	0.0	0.74	-0.31	-0.23
Net Receivables	0.7	0.61	0.52	0.57	0.74	0.48	0.43	-0.21	0.41	-0.09	0.76	0.29	0.53	-0.11	0.36		-0.87	0.6	0.55	0.32	0.41	0.64	0.4	0.64	0.34	-0.87
Common Stock Total Equity	-0.67	-0.51	-0.45	-0.56	-0.63	-0.25	-0.29	0.14	-0.39	0.39	-0.46	-0.13	-0.45	0.03	-0.23	-0.87		-0.58	-0.35	-0.3	-0.24	-0.59	-0.25	-0.51	-0.27	1.0
Non Current Liabilities Total	0.96	0.98	0.98	0.45	0.84	0.85	0.74	-0.05	0.94	-0.03	0.66	-0.11	0.97	-0.09	0.13	0.6	-0.58		0.86	0.27	0.87	0.99	0.71	0.54	0.4	-0.58
Inventory	0.87	0.9	0.92	0.27	0.77	0.86	0.81	-0.07	0.88	0.22	0.74	-0.13	0.9	-0.19	0.04	0.55	-0.35	0.86		0.1	0.91	0.88	0.83	0.45	0.53	-0.35
Other Current Assets	0.26	0.23	0.14	0.77	0.19	0.19	-0.1	-0.63	0.08	-0.19	0.4	0.25	0.11	-0.37	0.3	0.32	-0.3	0.27	0.1		0.16	0.24	-0.09	0.61	-0.28	-0.3
Other Stockholder Equity	0.86	0.93	0.91	0.22	0.75	0.96	0.73	0.04	0.84	0.1	0.74	0.04	0.9	-0.12	0.24	0.41	-0.24	0.87	0.91	0.16		0.87	0.74	0.58	0.38	-0.24
Total Liab	0.95	0.99	0.98	0.46	0.88	0.86	0.79	-0.04	0.94	-0.01	0.7	-0.11	0.98	-0.09	0.12	0.64	-0.59	0.99	0.88	0.24	0.87		0.75	0.56	0.47	-0.59
Property Plant And Equipment Gross	0.63	0.76	0.8	0.13	0.61	0.7	0.98	0.02	0.79	0.38	0.64	-0.2	0.76	-0.03	0.0	0.4	-0.25	0.71	0.83	-0.09	0.74	0.75		0.39	0.46	-0.25
Total Current Assets	0.59	0.6	0.48	0.44	0.57	0.62	0.36	-0.1	0.3	-0.06	0.84	0.55	0.42	-0.06	0.74	0.64	-0.51	0.54	0.45	0.61	0.58	0.56	0.39		-0.04	-0.51
Short Term Debt	0.43	0.45	0.46	0.06	0.68	0.35	0.53	-0.02	0.49	-0.2	0.25	-0.27	0.51	-0.35	-0.31	0.34	-0.27	0.4	0.53	-0.28	0.38	0.47	0.46	-0.04		-0.27
Common Stock	-0.67	-0.51	-0.45	-0.56	-0.63	-0.25	-0.29	0.14	-0.39	0.39	-0.46	-0.13	-0.45	0.03	-0.23	-0.87	1.0	-0.58	-0.35	-0.3	-0.24	-0.59	-0.25	-0.51	-0.27

Click cells to compare fundamentals

CenterPoint Energy Account Relationship Matchups

CenterPoint Energy fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	505.2M	531.0M	609.9M	632.3M	633.2M	388.1M
Total Assets	35.5B	33.5B	37.7B	38.5B	39.7B	25.7B
Short Long Term Debt Total	15.1B	13.4B	16.1B	16.9B	18.6B	10.8B
Other Current Liab	2.1B	1.7B	2.1B	1.3B	1.5B	1.3B
Total Current Liabilities	4.0B	4.8B	4.3B	5.1B	3.9B	3.3B
Total Stockholder Equity	8.4B	8.3B	9.4B	10.0B	9.7B	5.1B
Property Plant And Equipment Net	20.6B	22.4B	23.5B	27.1B	29.9B	31.4B
Current Deferred Revenue	204M	124M	119M	111M	110M	76.3M
Net Debt	14.9B	13.3B	15.9B	16.8B	18.5B	10.4B
Retained Earnings	632M	(845M)	154M	709M	1.1B	1.1B
Accounts Payable	884M	853M	1.2B	1.4B	917M	961.9M
Cash	241M	147M	230M	74M	90M	85.5M
Non Current Assets Total	31.6B	30.6B	30.3B	33.8B	36.7B	22.1B
Non Currrent Assets Other	1.2B	252M	2.5B	(1.6B)	2.7B	2.2B
Cash And Short Term Investments	1.1B	147M	1.7B	584M	650M	569.7M
Net Receivables	1.3B	1.3B	1.2B	1.7B	1.3B	1.4B
Liabilities And Stockholders Equity	35.5B	33.5B	37.7B	38.5B	39.7B	25.7B
Non Current Liabilities Total	23.2B	20.3B	24.0B	23.4B	26.2B	15.5B
Inventory	472M	500M	608M	876M	770M	447.7M
Other Current Assets	3.6B	139M	3.9B	1.5B	287M	272.7M
Other Stockholder Equity	6.1B	6.9B	8.5B	8.6B	8.6B	4.4B
Total Liab	27.2B	25.1B	28.3B	28.5B	30.0B	20.6B
Property Plant And Equipment Gross	20.9B	22.4B	33.7B	37.7B	40.4B	42.4B
Total Current Assets	3.9B	2.9B	7.4B	4.7B	3.0B	3.7B
Short Term Debt	868M	1.9B	545M	2.0B	1.1B	1.2B
Other Liab	8.9B	8.8B	8.4B	8.5B	9.8B	10.3B
Other Assets	2.3B	2.3B	2.5B	2.4B	2.1B	2.9B
Long Term Debt	14.2B	11.5B	15.6B	14.8B	17.6B	10.6B
Short Term Investments	822M	871M	1.4B	510M	541M	695.6M
Intangible Assets	321M	50M	44M	38M	34.2M	32.5M
Property Plant Equipment	20.9B	22.4B	23.5B	27.1B	31.2B	32.8B
Retained Earnings Total Equity	632M	(845M)	154M	709M	815.4M	856.1M
Deferred Long Term Liab	2.1B	2.1B	2.3B	2.2B	2.5B	2.4B
Net Tangible Assets	6.6B	6.0B	4.3B	5.0B	4.5B	5.4B
Long Term Debt Total	14.2B	11.5B	15.6B	14.8B	17.1B	11.2B

Pair Trading with CenterPoint Energy

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 CenterPoint Energy 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 CenterPoint Energy will appreciate offsetting losses from the drop in the long position's value.

Moving against CenterPoint Stock

0.81	EBR	Centrais Electricas	Pair Corr
0.64	HE	Hawaiian Electric	Pair Corr
0.58	ES	Eversource Energy	Pair Corr
0.46	FE	FirstEnergy	Pair Corr
0.39	AEP	American Electric Power	Pair Corr

The ability to find closely correlated positions to CenterPoint Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CenterPoint Energy 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 CenterPoint Energy - 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 CenterPoint Energy to buy it.

The correlation of CenterPoint Energy 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 CenterPoint Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CenterPoint Energy 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 CenterPoint Energy 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

Additional Tools for CenterPoint Stock Analysis

When running CenterPoint Energy's price analysis, check to measure CenterPoint Energy's 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 CenterPoint Energy is operating at the current time. Most of CenterPoint Energy's value examination focuses on studying past and present price action to predict the probability of CenterPoint Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CenterPoint Energy's price. Additionally, you may evaluate how the addition of CenterPoint Energy to your portfolios can decrease your overall portfolio volatility.

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