Enbridge Income Before Tax vs Operating Income Analysis

ENB Stock

USD 43.26 0.23 0.53%

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 Income Before Tax and its Operating Income 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.

For information on how to trade Enbridge Stock refer to our How to Trade Enbridge Stock guide.

Income Before Tax vs Operating Income

Income Before Tax vs Operating Income Correlation Analysis

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

The correlation between Enbridge's Income Before Tax and Operating Income is 0.91. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Operating Income in the same time period over historical financial statements of Enbridge, assuming nothing else is changed. The correlation between historical values of Enbridge's Income Before Tax and Operating Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Before Tax of Enbridge are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Income Before Tax i.e., Enbridge's Income Before Tax and Operating Income go up and down completely randomly.

Correlation Coefficient

0.91

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Enbridge income statement and is an important metric when analyzing Enbridge profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.

Operating Income

Operating Income is the amount of profit realized from Enbridge operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Enbridge is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

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.

For information on how to trade Enbridge Stock refer to our How to Trade Enbridge Stock guide.At present, Enbridge's Tax Provision is projected to increase significantly based on the last few years of reporting. The current year's Issuance Of Capital Stock is expected to grow to about 4.7 B, whereas Selling General Administrative is forecasted to decline to about 128.2 M.

	2021	2022	2023	2024 (projected)
Interest Expense	2.7B	3.2B	3.8B	4.0B
Depreciation And Amortization	3.9B	4.3B	4.6B	4.8B

Interest Expense 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	Common Stock Total Equity	Property Plant And Equipment Gross
Total Assets		0.99	0.64	0.94	0.98	0.99	0.99	-0.87	0.37	1.0	0.94	0.37	0.66	0.87	0.99	0.76	0.45	-0.41	0.99	0.82	0.87	0.34	0.93	0.32	0.97	0.96
Short Long Term Debt Total	0.99		0.64	0.96	0.94	0.99	1.0	-0.89	0.43	0.99	0.92	0.43	0.64	0.84	1.0	0.77	0.49	-0.38	1.0	0.87	0.91	0.36	0.95	0.35	0.94	0.99
Other Current Liab	0.64	0.64		0.61	0.62	0.61	0.63	-0.7	0.47	0.63	0.62	0.47	0.27	0.48	0.64	0.46	0.63	-0.44	0.64	0.68	0.58	0.04	0.63	-0.05	0.66	0.68
Total Current Liabilities	0.94	0.96	0.61		0.87	0.97	0.96	-0.82	0.38	0.93	0.88	0.38	0.74	0.8	0.95	0.85	0.39	-0.34	0.97	0.88	0.96	0.4	0.92	0.36	0.86	0.95
Total Stockholder Equity	0.98	0.94	0.62	0.87		0.94	0.95	-0.83	0.27	0.98	0.95	0.27	0.62	0.9	0.94	0.69	0.38	-0.48	0.94	0.71	0.8	0.28	0.87	0.31	0.98	0.9
Property Plant And Equipment Net	0.99	0.99	0.61	0.97	0.94		0.99	-0.85	0.39	0.99	0.92	0.39	0.69	0.84	0.99	0.79	0.43	-0.35	1.0	0.85	0.89	0.39	0.92	0.32	0.93	0.97
Net Debt	0.99	1.0	0.63	0.96	0.95	0.99		-0.88	0.37	0.99	0.94	0.37	0.68	0.86	1.0	0.8	0.44	-0.37	1.0	0.84	0.91	0.36	0.95	0.36	0.94	0.98
Retained Earnings	-0.87	-0.89	-0.7	-0.82	-0.83	-0.85	-0.88		-0.55	-0.86	-0.8	-0.55	-0.32	-0.78	-0.89	-0.59	-0.62	0.57	-0.88	-0.78	-0.85	-0.15	-0.88	-0.34	-0.91	-0.93
Cash	0.37	0.43	0.47	0.38	0.27	0.39	0.37	-0.55		0.34	0.13	1.0	-0.18	0.08	0.44	0.0	0.92	-0.19	0.44	0.73	0.4	0.03	0.4	-0.04	0.38	0.51
Non Current Assets Total	1.0	0.99	0.63	0.93	0.98	0.99	0.99	-0.86	0.34		0.95	0.34	0.66	0.88	0.98	0.76	0.42	-0.42	0.98	0.8	0.86	0.34	0.92	0.32	0.97	0.95
Non Currrent Assets Other	0.94	0.92	0.62	0.88	0.95	0.92	0.94	-0.8	0.13	0.95		0.13	0.7	0.92	0.91	0.81	0.29	-0.45	0.91	0.66	0.82	0.33	0.86	0.38	0.92	0.88
Cash And Short Term Investments	0.37	0.43	0.47	0.38	0.27	0.39	0.37	-0.55	1.0	0.34	0.13		-0.18	0.08	0.44	0.0	0.92	-0.19	0.44	0.73	0.4	0.03	0.4	-0.04	0.38	0.51
Net Receivables	0.66	0.64	0.27	0.74	0.62	0.69	0.68	-0.32	-0.18	0.66	0.7	-0.18		0.67	0.64	0.89	-0.15	0.0	0.66	0.49	0.63	0.61	0.61	0.2	0.5	0.57
Common Stock Shares Outstanding	0.87	0.84	0.48	0.8	0.9	0.84	0.86	-0.78	0.08	0.88	0.92	0.08	0.67		0.83	0.77	0.21	-0.51	0.83	0.55	0.75	0.29	0.78	0.38	0.89	0.8
Non Current Liabilities Total	0.99	1.0	0.64	0.95	0.94	0.99	1.0	-0.89	0.44	0.98	0.91	0.44	0.64	0.83		0.76	0.5	-0.35	1.0	0.87	0.89	0.37	0.94	0.32	0.94	0.98
Inventory	0.76	0.77	0.46	0.85	0.69	0.79	0.8	-0.59	0.0	0.76	0.81	0.0	0.89	0.77	0.76		0.04	-0.14	0.78	0.64	0.8	0.45	0.76	0.28	0.63	0.74
Other Current Assets	0.45	0.49	0.63	0.39	0.38	0.43	0.44	-0.62	0.92	0.42	0.29	0.92	-0.15	0.21	0.5	0.04		-0.3	0.48	0.72	0.38	-0.05	0.46	0.0	0.5	0.56
Other Stockholder Equity	-0.41	-0.38	-0.44	-0.34	-0.48	-0.35	-0.37	0.57	-0.19	-0.42	-0.45	-0.19	0.0	-0.51	-0.35	-0.14	-0.3		-0.35	-0.25	-0.37	0.3	-0.34	-0.22	-0.54	-0.41
Total Liab	0.99	1.0	0.64	0.97	0.94	1.0	1.0	-0.88	0.44	0.98	0.91	0.44	0.66	0.83	1.0	0.78	0.48	-0.35		0.88	0.91	0.38	0.94	0.32	0.93	0.98
Total Current Assets	0.82	0.87	0.68	0.88	0.71	0.85	0.84	-0.78	0.73	0.8	0.66	0.73	0.49	0.55	0.87	0.64	0.72	-0.25	0.88		0.84	0.3	0.83	0.16	0.73	0.89
Short Term Debt	0.87	0.91	0.58	0.96	0.8	0.89	0.91	-0.85	0.4	0.86	0.82	0.4	0.63	0.75	0.89	0.8	0.38	-0.37	0.91	0.84		0.35	0.93	0.49	0.81	0.94
Accounts Payable	0.34	0.36	0.04	0.4	0.28	0.39	0.36	-0.15	0.03	0.34	0.33	0.03	0.61	0.29	0.37	0.45	-0.05	0.3	0.38	0.3	0.35		0.32	0.08	0.22	0.31
Intangible Assets	0.93	0.95	0.63	0.92	0.87	0.92	0.95	-0.88	0.4	0.92	0.86	0.4	0.61	0.78	0.94	0.76	0.46	-0.34	0.94	0.83	0.93	0.32		0.49	0.89	0.96
Other Assets	0.32	0.35	-0.05	0.36	0.31	0.32	0.36	-0.34	-0.04	0.32	0.38	-0.04	0.2	0.38	0.32	0.28	0.0	-0.22	0.32	0.16	0.49	0.08	0.49		0.33	0.4
Common Stock Total Equity	0.97	0.94	0.66	0.86	0.98	0.93	0.94	-0.91	0.38	0.97	0.92	0.38	0.5	0.89	0.94	0.63	0.5	-0.54	0.93	0.73	0.81	0.22	0.89	0.33		0.93
Property Plant And Equipment Gross	0.96	0.99	0.68	0.95	0.9	0.97	0.98	-0.93	0.51	0.95	0.88	0.51	0.57	0.8	0.98	0.74	0.56	-0.41	0.98	0.89	0.94	0.31	0.96	0.4	0.93

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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	67.0B	75.7B	81.0B	81.2B	85.3B
Other Current Liab	920M	896M	717M	6.1B	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	6.0B	6.3B
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	6.0B	6.3B
Net Receivables	6.5B	5.0B	6.2B	7.4B	4.8B	2.8B
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	136M	248M	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
Short Term Debt	5.3B	4.1B	7.7B	8.0B	6.5B	6.8B
Accounts Payable	4.6B	3.5B	4.6B	5.3B	4.3B	2.6B
Intangible Assets	2.2B	2.1B	4.0B	4.0B	3.5B	3.7B
Other Assets	8.1B	(12M)	284.1B	10.3B	32.5B	34.1B
Property Plant And Equipment Gross	94.4B	94.6B	126.0B	134B	137.2B	144.1B
Accumulated Other Comprehensive Income	(272M)	(1.4B)	(1.1B)	3.5B	2.3B	2.4B
Common Stock	64.7B	64.8B	64.8B	64.8B	69.2B	72.6B
Other Liab	17.2B	18.1B	19.3B	22.3B	25.6B	26.9B
Net Tangible Assets	23.0B	18.9B	16.3B	16.6B	19.1B	20.1B
Long Term Debt	59.7B	62.8B	68.0B	72.9B	74.7B	78.5B
Good Will	33.2B	32.7B	32.8B	32.4B	31.8B	33.4B
Deferred Long Term Liab	871M	548M	1.0B	1.6B	1.9B	2.0B
Long Term Investments	16.5B	13.8B	13.3B	15.9B	16.8B	17.6B
Short Long Term Debt	5.3B	4.1B	7.7B	8.0B	6.5B	3.3B
Property Plant Equipment	94.5B	95.4B	100.1B	105.1B	120.9B	127.0B

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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

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Is Enbridge Stock a good investment?

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What is Enbridge's Net Worth?

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Largest Oil & Gas Storage & Transportation Companies

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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.

For information on how to trade Enbridge Stock refer to our How to Trade Enbridge Stock guide.

You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.

Is Oil & Gas Storage & Transportation space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Enbridge. If investors know Enbridge will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Enbridge listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

1.271

Dividend Share

3.625

Earnings Share

2.1

Revenue Per Share

22.673

Quarterly Revenue Growth

0.512

The market value of Enbridge is measured differently than its book value, which is the value of Enbridge that is recorded on the company's balance sheet. Investors also form their own opinion of Enbridge's value that differs from its market value or its book value, called intrinsic value, which is Enbridge's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Enbridge's market value can be influenced by many factors that don't directly affect Enbridge's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

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 Income Before Tax vs Operating Income Analysis

Income Before Tax vs Operating Income

Income Before Tax vs Operating Income Correlation Analysis

Correlation Coefficient

Income Before Tax

Operating Income

Enbridge fundamental ratios Correlations

Enbridge Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Enbridge fundamental ratios Accounts

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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
Common Stock Total Equity	- 0.91	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