Eni Long Term Debt vs Total Assets Analysis

E Stock  CAD 1.89  0.02  1.05%   
Eni SPA financial indicator trend analysis is much more than just examining Enterprise Group latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Enterprise Group is a good investment. Please check the relationship between Eni SPA Long Term Debt and its Total Assets accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Enterprise Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Long Term Debt vs Total Assets

Long Term Debt vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Enterprise Group Long Term Debt account and Total Assets. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Eni SPA's Long Term Debt and Total Assets is 0.52. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Total Assets in the same time period over historical financial statements of Enterprise Group, assuming nothing else is changed. The correlation between historical values of Eni SPA's Long Term Debt and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of Enterprise Group are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Long Term Debt i.e., Eni SPA's Long Term Debt and Total Assets go up and down completely randomly.

Correlation Coefficient

0.52
Relationship DirectionPositive 
Relationship StrengthWeak

Long Term Debt

Long-term debt is a debt that Enterprise Group has held for over one year. Long-term debt appears on Enterprise Group 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 Enterprise Group 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.

Total Assets

Total assets refers to the total amount of Eni SPA assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Enterprise Group books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Most indicators from Eni SPA's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Enterprise Group 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 Enterprise Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
At this time, Eni SPA's Selling General Administrative is very stable compared to the past year. Tax Provision is expected to grow at the current pace this year, though Discontinued Operations is likely to grow to (643.5 K).
 2021 2022 2023 2024 (projected)
Total Revenue18.7M26.9M33.5M32.7M
Depreciation And Amortization5.9M4.5M5.0M4.4M

Eni SPA fundamental ratios Correlations

0.960.590.760.960.960.080.830.990.170.920.60.360.960.60.960.820.950.330.680.90.640.640.720.72-0.75
0.960.620.770.850.990.230.870.930.110.930.410.310.990.580.870.880.980.320.630.930.720.720.780.8-0.84
0.590.620.230.580.710.080.330.610.220.510.350.820.550.120.610.50.620.40.360.440.010.010.610.43-0.58
0.760.770.230.640.720.380.910.71-0.060.820.16-0.090.830.910.620.870.670.080.330.830.770.770.710.77-0.68
0.960.850.580.640.87-0.120.680.980.190.830.770.440.850.540.990.670.850.330.710.780.450.450.590.56-0.62
0.960.990.710.720.870.170.810.940.110.90.470.410.970.550.90.850.970.360.650.880.620.620.760.74-0.82
0.080.230.080.38-0.120.170.460.00.350.28-0.69-0.110.280.21-0.150.570.220.0-0.460.350.520.520.640.64-0.49
0.830.870.330.910.680.810.460.770.140.930.140.00.920.670.650.940.840.160.40.950.890.890.830.9-0.81
0.990.930.610.710.980.940.00.770.140.880.660.380.930.590.980.780.920.310.70.840.570.570.670.65-0.72
0.170.110.22-0.060.190.110.350.140.140.26-0.020.360.13-0.250.120.160.20.04-0.080.230.120.120.330.29-0.16
0.920.930.510.820.830.90.280.930.880.260.370.270.950.580.80.890.910.30.540.980.730.730.830.86-0.77
0.60.410.350.160.770.47-0.690.140.66-0.020.370.430.380.230.770.080.430.260.680.29-0.06-0.060.020.0-0.12
0.360.310.82-0.090.440.41-0.110.00.380.360.270.430.24-0.120.440.130.350.470.250.2-0.27-0.270.390.19-0.35
0.960.990.550.830.850.970.280.920.930.130.950.380.240.620.860.920.970.290.60.960.780.780.80.83-0.83
0.60.580.120.910.540.550.210.670.59-0.250.580.23-0.120.620.530.660.440.010.240.580.530.530.480.51-0.49
0.960.870.610.620.990.9-0.150.650.980.120.80.770.440.860.530.660.870.330.750.750.440.440.560.52-0.61
0.820.880.50.870.670.850.570.940.780.160.890.080.130.920.660.660.850.170.290.90.790.790.910.92-0.84
0.950.980.620.670.850.970.220.840.920.20.910.430.350.970.440.870.850.350.640.910.710.710.770.78-0.82
0.330.320.40.080.330.360.00.160.310.040.30.260.470.290.010.330.170.350.240.360.010.010.370.24-0.19
0.680.630.360.330.710.65-0.460.40.7-0.080.540.680.250.60.240.750.290.640.240.510.30.30.130.11-0.24
0.90.930.440.830.780.880.350.950.840.230.980.290.20.960.580.750.90.910.360.510.820.820.840.89-0.8
0.640.720.010.770.450.620.520.890.570.120.73-0.06-0.270.780.530.440.790.710.010.30.821.00.630.79-0.7
0.640.720.010.770.450.620.520.890.570.120.73-0.06-0.270.780.530.440.790.710.010.30.821.00.630.79-0.7
0.720.780.610.710.590.760.640.830.670.330.830.020.390.80.480.560.910.770.370.130.840.630.630.94-0.84
0.720.80.430.770.560.740.640.90.650.290.860.00.190.830.510.520.920.780.240.110.890.790.790.94-0.89
-0.75-0.84-0.58-0.68-0.62-0.82-0.49-0.81-0.72-0.16-0.77-0.12-0.35-0.83-0.49-0.61-0.84-0.82-0.19-0.24-0.8-0.7-0.7-0.84-0.89
Click cells to compare fundamentals

Eni SPA Account Relationship Matchups

Eni SPA fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets58.3M52.3M51.1M55.4M72.8M57.9M
Short Long Term Debt Total13.3M13.7M14.8M15.5M25.7M18.0M
Other Current Liab116.2K1.3M1.2M605.2K1.1M1.2M
Total Current Liabilities12.0M2.6M2.9M2.6M3.7M5.2M
Total Stockholder Equity40.3M35.0M32.2M34.8M40.8M33.7M
Net Debt12.3M12.9M13.9M14.4M21.9M16.0M
Retained Earnings(45.7M)(50.8M)(53.1M)(50.9M)(44.7M)(42.4M)
Accounts Payable1.8M1.3M1.6M2.0M2.3M3.1M
Non Current Assets Total51.2M46.9M44.0M45.4M59.9M46.0M
Non Currrent Assets Other(48.4M)(44.6M)(41.5M)(42.3M)96.1K100.9K
Net Receivables5.7M4.2M5.7M8.0M7.5M8.3M
Common Stock Shares Outstanding54.3M50.2M48.7M49.1M51.4M35.7M
Liabilities And Stockholders Equity58.3M52.3M51.1M55.4M72.8M57.9M
Other Stockholder Equity12.8M14.8M17.2M18.6M20.2M31.8M
Total Liab18.0M17.2M18.9M20.6M32.0M24.2M
Short Term Debt10.1M1.3M1.2M605.2K1.4M1.3M
Property Plant And Equipment Net48.3M44.0M40.9M41.8M55.5M40.3M
Non Current Liabilities Total6.0M14.7M16.1M18.0M28.3M17.9M
Other Current Assets182.5K160.8K265.7K549.9K1.3M817.1K
Property Plant And Equipment Gross48.3M44.0M76.1M80.9M99.0M103.9M
Total Current Assets7.1M5.3M7.2M10.0M12.9M12.5M
Cash969.1K783.6K876.5K1.1M3.8M2.2M
Cash And Short Term Investments969.1K783.6K876.5K1.1M3.8M2.2M
Inventory196.6K211.9K296.2K327.2K286.7K272.3K
Intangible Assets93.9K261.6K201.1K146.4K96.1K91.3K
Short Term Investments182.5K160.8K265.7K549.9K1.3M1.4M
Common Stock73.2M71.0M68.2M67.0M65.3M73.7M
Other Liab2.8M2.3M2.5M3.1M2.8M3.9M
Net Tangible Assets40.2M34.4M31.7M34.3M30.9M33.4M
Other Assets2.8M2.3M2.5M3.1M1.00.95
Long Term Debt2.4M11.6M13.2M14.4M21.3M14.9M
Short Long Term Debt9.5M288.0K454.4K114K204.8K194.6K
Property Plant Equipment48.3M44.0M40.9M41.8M37.6M43.9M
Long Term Debt Total3.1M12.4M13.6M14.9M13.4M13.5M
Capital Surpluse12.8M14.8M17.2M18.6M21.4M12.3M
Capital Lease Obligations1.4M1.6M1.1M1.0M4.2M4.4M
Cash And Equivalents969.1K783.6K876.5K1.1M1.2M1.0M

Pair Trading with Eni SPA

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 Eni SPA 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 Eni SPA will appreciate offsetting losses from the drop in the long position's value.

Moving together with Eni Stock

  0.84ENB-PFV Enbridge Pref 5PairCorr
  0.81ENB-PFC Enbridge Pref 11PairCorr
  0.68ENB-PFU Enbridge Pref LPairCorr
  0.73ENS E Split CorpPairCorr
  0.76ENS-PA E Split CorpPairCorr

Moving against Eni Stock

  0.65SAGE Sage Potash CorpPairCorr
The ability to find closely correlated positions to Eni SPA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eni SPA 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 Eni SPA - 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 Enterprise Group to buy it.
The correlation of Eni SPA 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 Eni SPA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Enterprise Group 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 Eni SPA 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 CorrelationCorrelation Matching

Other Information on Investing in Eni Stock

Balance Sheet is a snapshot of the financial position of Enterprise Group at a specified time, usually calculated after every quarter, six months, or one year. Eni SPA Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Eni SPA and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Eni currently owns. An asset can also be divided into two categories, current and non-current.