Enerflex Net Income vs Change To Liabilities Analysis

EFX Stock

CAD 13.11 0.03 0.23%

Enerflex financial indicator trend analysis is much more than just examining Enerflex latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Enerflex is a good investment. Please check the relationship between Enerflex Net Income and its Change To Liabilities accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Enerflex. 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 Enerflex Stock, please use our How to Invest in Enerflex guide.

Net Income vs Change To Liabilities

Net Income vs Change To Liabilities Correlation Analysis

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

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

Correlation Coefficient

-0.49

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Enerflex financial statement analysis. It represents the amount of money remaining after all of Enerflex operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Change To Liabilities

Most indicators from Enerflex's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Enerflex 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 Enerflex. 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 Enerflex Stock, please use our How to Invest in Enerflex guide.At this time, Enerflex's Discontinued Operations is very stable compared to the past year. As of the 26th of November 2024, Tax Provision is likely to grow to about 35 M, while Selling General Administrative is likely to drop about 226.8 M.

	2021	2022	2023	2024 (projected)
Interest Expense	20.3M	49.4M	158.8M	166.7M
Depreciation And Amortization	87.6M	128.3M	267.5M	280.9M

Interest Expense Depreciation And Amortization

Enerflex fundamental ratios Correlations

	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	Good Will	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	Intangible Assets
Total Assets		0.89	0.8	0.91	0.84	0.97	0.62	0.86	-0.11	0.95	0.23	0.98	0.61	0.27	0.88	0.5	0.83	0.9	0.6	0.74	0.17	0.88	0.85	0.88	-0.02	0.79
Short Long Term Debt Total	0.89		0.95	0.82	0.73	0.85	0.54	0.99	-0.16	0.86	0.19	0.87	0.5	0.22	0.76	0.45	0.75	1.0	0.51	0.92	0.15	0.99	0.95	0.79	0.03	0.77
Other Current Liab	0.8	0.95		0.77	0.64	0.77	0.51	0.95	-0.2	0.81	0.13	0.77	0.4	0.16	0.71	0.3	0.76	0.94	0.47	0.96	0.15	0.96	0.94	0.74	0.03	0.71
Total Current Liabilities	0.91	0.82	0.77		0.57	0.81	0.86	0.78	-0.2	0.95	0.3	0.83	0.5	0.34	0.92	0.35	0.76	0.82	0.67	0.78	0.14	0.85	0.74	0.95	-0.11	0.87
Total Stockholder Equity	0.84	0.73	0.64	0.57		0.89	0.22	0.71	0.01	0.69	0.17	0.88	0.5	0.19	0.66	0.56	0.75	0.76	0.27	0.53	0.21	0.69	0.79	0.6	0.0	0.38
Property Plant And Equipment Net	0.97	0.85	0.77	0.81	0.89		0.44	0.83	0.05	0.91	0.13	0.97	0.63	0.16	0.8	0.41	0.82	0.86	0.62	0.7	0.08	0.81	0.86	0.81	-0.03	0.69
Current Deferred Revenue	0.62	0.54	0.51	0.86	0.22	0.44		0.49	-0.4	0.66	0.36	0.51	0.24	0.39	0.77	0.3	0.53	0.53	0.44	0.6	0.29	0.63	0.43	0.77	-0.25	0.69
Net Debt	0.86	0.99	0.95	0.78	0.71	0.83	0.49		-0.18	0.82	0.05	0.85	0.45	0.08	0.71	0.45	0.76	0.99	0.51	0.93	0.2	0.97	0.95	0.73	0.01	0.73
Retained Earnings	-0.11	-0.16	-0.2	-0.2	0.01	0.05	-0.4	-0.18		-0.03	0.1	-0.16	0.2	0.1	-0.15	-0.63	-0.32	-0.15	0.43	-0.22	-0.86	-0.19	-0.05	0.03	-0.31	-0.16
Accounts Payable	0.95	0.86	0.81	0.95	0.69	0.91	0.66	0.82	-0.03		0.3	0.89	0.61	0.33	0.9	0.3	0.76	0.87	0.71	0.76	0.01	0.87	0.81	0.94	0.02	0.85
Cash	0.23	0.19	0.13	0.3	0.17	0.13	0.36	0.05	0.1	0.3		0.12	0.31	1.0	0.34	0.01	-0.02	0.2	-0.02	0.09	-0.27	0.24	0.14	0.45	0.16	0.26
Non Current Assets Total	0.98	0.87	0.77	0.83	0.88	0.97	0.51	0.85	-0.16	0.89	0.12		0.62	0.15	0.78	0.6	0.82	0.88	0.51	0.7	0.27	0.83	0.84	0.76	0.02	0.74
Non Currrent Assets Other	0.61	0.5	0.4	0.5	0.5	0.63	0.24	0.45	0.2	0.61	0.31	0.62		0.3	0.3	0.14	0.18	0.51	0.55	0.36	-0.06	0.46	0.49	0.47	-0.08	0.67
Cash And Short Term Investments	0.27	0.22	0.16	0.34	0.19	0.16	0.39	0.08	0.1	0.33	1.0	0.15	0.3		0.38	0.01	0.03	0.23	0.0	0.12	-0.27	0.27	0.17	0.48	0.16	0.29
Net Receivables	0.88	0.76	0.71	0.92	0.66	0.8	0.77	0.71	-0.15	0.9	0.34	0.78	0.3	0.38		0.37	0.8	0.77	0.53	0.67	0.11	0.8	0.7	0.95	-0.03	0.67
Good Will	0.5	0.45	0.3	0.35	0.56	0.41	0.3	0.45	-0.63	0.3	0.01	0.6	0.14	0.01	0.37		0.45	0.46	-0.21	0.23	0.72	0.42	0.34	0.2	0.14	0.27
Common Stock Shares Outstanding	0.83	0.75	0.76	0.76	0.75	0.82	0.53	0.76	-0.32	0.76	-0.02	0.82	0.18	0.03	0.8	0.45		0.76	0.33	0.74	0.36	0.76	0.79	0.69	0.08	0.49
Non Current Liabilities Total	0.9	1.0	0.94	0.82	0.76	0.86	0.53	0.99	-0.15	0.87	0.2	0.88	0.51	0.23	0.77	0.46	0.76		0.51	0.91	0.16	0.99	0.96	0.8	0.03	0.76
Inventory	0.6	0.51	0.47	0.67	0.27	0.62	0.44	0.51	0.43	0.71	-0.02	0.51	0.55	0.0	0.53	-0.21	0.33	0.51		0.51	-0.38	0.52	0.5	0.69	-0.33	0.7
Other Current Assets	0.74	0.92	0.96	0.78	0.53	0.7	0.6	0.93	-0.22	0.76	0.09	0.7	0.36	0.12	0.67	0.23	0.74	0.91	0.51		0.17	0.94	0.92	0.72	-0.08	0.7
Other Stockholder Equity	0.17	0.15	0.15	0.14	0.21	0.08	0.29	0.2	-0.86	0.01	-0.27	0.27	-0.06	-0.27	0.11	0.72	0.36	0.16	-0.38	0.17		0.17	0.12	-0.09	0.07	0.03
Total Liab	0.88	0.99	0.96	0.85	0.69	0.81	0.63	0.97	-0.19	0.87	0.24	0.83	0.46	0.27	0.8	0.42	0.76	0.99	0.52	0.94	0.17		0.94	0.83	-0.02	0.77
Property Plant And Equipment Gross	0.85	0.95	0.94	0.74	0.79	0.86	0.43	0.95	-0.05	0.81	0.14	0.84	0.49	0.17	0.7	0.34	0.79	0.96	0.5	0.92	0.12	0.94		0.73	-0.06	0.62
Total Current Assets	0.88	0.79	0.74	0.95	0.6	0.81	0.77	0.73	0.03	0.94	0.45	0.76	0.47	0.48	0.95	0.2	0.69	0.8	0.69	0.72	-0.09	0.83	0.73		-0.09	0.78
Short Term Debt	-0.02	0.03	0.03	-0.11	0.0	-0.03	-0.25	0.01	-0.31	0.02	0.16	0.02	-0.08	0.16	-0.03	0.14	0.08	0.03	-0.33	-0.08	0.07	-0.02	-0.06	-0.09		0.05
Intangible Assets	0.79	0.77	0.71	0.87	0.38	0.69	0.69	0.73	-0.16	0.85	0.26	0.74	0.67	0.29	0.67	0.27	0.49	0.76	0.7	0.7	0.03	0.77	0.62	0.78	0.05

Click cells to compare fundamentals

Enerflex Account Relationship Matchups

Enerflex fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.4B	2.2B	2.2B	4.3B	3.9B	2.5B
Short Long Term Debt Total	497.5M	451.6M	388.4M	1.5B	1.3B	1.4B
Other Current Liab	39.4M	19.2M	22.7M	115.1M	125.3M	131.5M
Total Current Liabilities	517.5M	287.6M	355.4M	1.1B	1.1B	596.1M
Total Stockholder Equity	1.3B	1.4B	1.4B	1.5B	1.4B	1.3B
Property Plant And Equipment Net	810.9M	794.6M	756.6M	1.5B	1.4B	697.7M
Current Deferred Revenue	143.0M	35.4M	84.6M	366.1M	392.4M	215.0M
Net Debt	401.2M	356.0M	215.7M	1.2B	1.2B	1.2B
Retained Earnings	228.8M	301.0M	275.0M	164.2M	40.9M	38.8M
Accounts Payable	320.9M	178.3M	234.2M	610.6M	550.6M	313.1M
Cash	96.3M	95.7M	172.8M	253.8M	126.1M	188.6M
Non Current Assets Total	1.5B	1.6B	1.5B	2.8B	2.5B	1.5B
Non Currrent Assets Other	198K	93.3M	112.4M	505.8M	13.9M	13.2M
Cash And Short Term Investments	96.3M	95.7M	172.8M	253.8M	140.5M	189.6M
Net Receivables	574.5M	306.9M	313.9M	708.3M	817.4M	483.3M
Good Will	573.9M	576.0M	566.3M	679.4M	571.8M	591.2M
Common Stock Shares Outstanding	89.1M	89.7M	89.7M	97.0M	123.8M	94.1M
Liabilities And Stockholders Equity	2.4B	2.2B	2.2B	4.3B	3.9B	2.5B
Non Current Liabilities Total	574.2M	495.3M	482.3M	1.6B	1.4B	1.4B
Inventory	269.4M	212.3M	208.9M	411.3M	389.4M	208.1M
Other Current Assets	12.2M	9.0M	13.9M	72.7M	86.4M	90.7M
Other Stockholder Equity	655.1M	656.8M	658.6M	660.1M	660.0M	686.1M
Total Liab	1.1B	782.9M	837.7M	2.7B	2.5B	2.6B
Property Plant And Equipment Gross	810.9M	794.6M	1.1B	1.9B	1.9B	2.0B
Total Current Assets	952.6M	624.3M	709.7M	1.4B	1.4B	983.9M
Accumulated Other Comprehensive Income	81.8M	63.3M	44.7M	128.8M	101.5M	68.1M
Short Term Debt	14.2M	54.7M	13.9M	47.2M	78.4M	91.9M
Intangible Assets	22.1M	16.5M	10.1M	102.8M	73.2M	41.6M
Common Stock	357.7M	366.1M	375.5M	589.8M	591.6M	393.0M
Other Liab	91.0M	98.4M	107.8M	151.6M	174.3M	183.0M
Net Tangible Assets	745.3M	804.1M	777.4M	760.8M	874.9M	644.5M
Other Assets	49.3M	141.5M	121.7M	267.9M	1.0	0.95
Long Term Debt	430.5M	349.7M	331.4M	1.4B	1.2B	606.2M
Long Term Investments	26.2M	26.6M	27.1M	35.0M	37.5M	26.1M
Property Plant Equipment	810.9M	794.6M	756.6M	1.5B	1.7B	1.8B
Long Term Debt Total	483.3M	396.9M	374.5M	1.4B	1.7B	1.7B
Capital Surpluse	655.1M	656.8M	658.6M	660.1M	759.1M	721.3M

Pair Trading with Enerflex

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

Moving together with Enerflex Stock

0.79	ENB-PFV	Enbridge Pref 5	Pair Corr
0.82	ENS	E Split Corp	Pair Corr
0.92	ENS-PA	E Split Corp	Pair Corr

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

The correlation of Enerflex 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 Enerflex moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Enerflex 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 Enerflex 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 Enerflex is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Enerflex Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Enerflex Stock. Highlighted below are key reports to facilitate an investment decision about Enerflex Stock:

How To Invest In Enerflex

Details

Is Enerflex Stock a good investment?

Details

What is Enerflex's Net Worth?

Details

Largest Oil & Gas Exploration & Production Companies

View

Largest Oil & Gas Equipment & Services Companies

View

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Enerflex. 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 Enerflex Stock, please use our How to Invest in Enerflex guide.

You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.

Please note, there is a significant difference between Enerflex's value and its price as these two are different measures arrived at by different means. Investors typically determine if Enerflex is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Enerflex'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Enerflex Net Income vs Change To Liabilities Analysis

Net Income vs Change To Liabilities

Net Income vs Change To Liabilities Correlation Analysis

Correlation Coefficient

Net Income

Change To Liabilities

Enerflex fundamental ratios Correlations

Enerflex Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Enerflex fundamental ratios Accounts

Pair Trading with Enerflex

Moving together with Enerflex Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Cash And Short Term Investments	+ 1.0	Cash
Net Debt	+ 0.99	Short Long Term Debt Total
Total Liab	+ 0.99	Short Long Term Debt Total
Non Current Liabilities Total	+ 0.99	Net Debt
Total Liab	+ 0.99	Non Current Liabilities Total

Other Stockholder Equity	- 0.86	Retained Earnings
Good Will	- 0.63	Retained Earnings
Retained Earnings	- 0.4	Current Deferred Revenue
Other Stockholder Equity	- 0.38	Inventory
Short Term Debt	- 0.33	Inventory
Common Stock Shares Outstanding	- 0.32	Retained Earnings