Ensign Free Cash Flow vs Net Income Analysis

ESI Stock

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Ensign Energy financial indicator trend analysis is much more than just examining Ensign Energy Services latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ensign Energy Services is a good investment. Please check the relationship between Ensign Energy Free Cash Flow and its Net Income accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Ensign Energy Services. 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.

Free Cash Flow vs Net Income

Free Cash Flow vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ensign Energy Services Free Cash Flow account and Net Income. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Ensign Energy's Free Cash Flow and Net Income is -0.21. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Net Income in the same time period over historical financial statements of Ensign Energy Services, assuming nothing else is changed. The correlation between historical values of Ensign Energy's Free Cash Flow and Net 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 Free Cash Flow of Ensign Energy Services are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Free Cash Flow i.e., Ensign Energy's Free Cash Flow and Net Income go up and down completely randomly.

Correlation Coefficient

-0.21

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Net Income

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

Most indicators from Ensign Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ensign Energy Services 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 Ensign Energy Services. 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.

At this time, Ensign Energy's Tax Provision is very stable compared to the past year. As of the 29th of November 2024, Sales General And Administrative To Revenue is likely to grow to 0.05, while Selling General Administrative is likely to drop about 54.2 M.

	2021	2022	2023	2024 (projected)
Interest Expense	97.6M	119.3M	135.6M	142.3M
Depreciation And Amortization	288.2M	281.1M	307.3M	172.8M

Interest Expense Depreciation And Amortization

Ensign Energy 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	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Other Current Assets	Common Stock Total Equity	Common Stock
Total Assets		0.51	0.77	0.38	0.89	0.99	0.24	0.49	0.71	0.43	0.58	0.99	0.0	0.58	0.63	0.57	0.6	0.71	-0.38	0.89	0.31	0.72	0.34	0.03	0.13	0.1
Short Long Term Debt Total	0.51		0.21	0.19	0.1	0.46	-0.31	1.0	-0.16	0.05	0.35	0.55	-0.7	0.35	0.08	0.71	0.79	0.18	0.44	0.8	0.65	0.15	0.04	0.25	0.78	0.77
Other Current Liab	0.77	0.21		0.41	0.74	0.7	0.5	0.18	0.75	0.7	0.59	0.69	0.17	0.59	0.89	0.3	0.31	0.48	-0.38	0.62	0.09	0.92	0.13	-0.15	-0.16	-0.16
Total Current Liabilities	0.38	0.19	0.41		0.32	0.3	0.26	0.17	0.27	0.71	0.46	0.31	0.06	0.46	0.59	0.42	-0.27	0.49	-0.19	0.35	0.31	0.64	0.67	0.44	0.07	0.23
Total Stockholder Equity	0.89	0.1	0.74	0.32		0.91	0.46	0.08	0.94	0.49	0.52	0.86	0.35	0.52	0.68	0.32	0.33	0.78	-0.58	0.57	0.08	0.75	0.37	-0.03	-0.25	-0.27
Property Plant And Equipment Net	0.99	0.46	0.7	0.3	0.91		0.22	0.43	0.73	0.34	0.55	0.99	0.05	0.55	0.55	0.51	0.6	0.72	-0.43	0.85	0.25	0.64	0.34	0.01	0.08	0.04
Current Deferred Revenue	0.24	-0.31	0.5	0.26	0.46	0.22		-0.34	0.61	0.36	0.41	0.17	0.36	0.41	0.53	-0.04	-0.22	0.42	-0.32	-0.02	-0.14	0.54	0.07	-0.31	-0.41	-0.41
Net Debt	0.49	1.0	0.18	0.17	0.08	0.43	-0.34		-0.19	0.04	0.31	0.52	-0.72	0.31	0.06	0.71	0.79	0.16	0.47	0.79	0.66	0.13	0.02	0.25	0.79	0.78
Retained Earnings	0.71	-0.16	0.75	0.27	0.94	0.73	0.61	-0.19		0.56	0.44	0.65	0.53	0.44	0.74	0.08	0.12	0.67	-0.63	0.32	-0.1	0.78	0.28	-0.14	-0.51	-0.53
Accounts Payable	0.43	0.05	0.7	0.71	0.49	0.34	0.36	0.04	0.56		0.33	0.32	0.18	0.33	0.92	0.38	-0.08	0.45	-0.17	0.27	0.35	0.89	0.35	0.25	-0.14	-0.04
Cash	0.58	0.35	0.59	0.46	0.52	0.55	0.41	0.31	0.44	0.33		0.55	0.16	1.0	0.41	0.21	0.24	0.49	-0.24	0.5	0.11	0.55	0.39	-0.01	-0.03	0.01
Non Current Assets Total	0.99	0.55	0.69	0.31	0.86	0.99	0.17	0.52	0.65	0.32	0.55		-0.05	0.55	0.52	0.57	0.65	0.69	-0.36	0.9	0.31	0.62	0.32	0.03	0.19	0.14
Non Currrent Assets Other	0.0	-0.7	0.17	0.06	0.35	0.05	0.36	-0.72	0.53	0.18	0.16	-0.05		0.16	0.23	-0.63	-0.53	0.13	-0.83	-0.37	-0.67	0.24	0.19	-0.3	-0.86	-0.88
Cash And Short Term Investments	0.58	0.35	0.59	0.46	0.52	0.55	0.41	0.31	0.44	0.33	1.0	0.55	0.16		0.41	0.21	0.24	0.49	-0.24	0.5	0.11	0.55	0.39	-0.01	-0.03	0.01
Net Receivables	0.63	0.08	0.89	0.59	0.68	0.55	0.53	0.06	0.74	0.92	0.41	0.52	0.23	0.41		0.35	0.07	0.47	-0.33	0.43	0.21	0.98	0.25	-0.01	-0.22	-0.16
Common Stock Shares Outstanding	0.57	0.71	0.3	0.42	0.32	0.51	-0.04	0.71	0.08	0.38	0.21	0.57	-0.63	0.21	0.35		0.53	0.49	0.34	0.71	0.84	0.38	0.23	0.49	0.76	0.78
Non Current Liabilities Total	0.6	0.79	0.31	-0.27	0.33	0.6	-0.22	0.79	0.12	-0.08	0.24	0.65	-0.53	0.24	0.07	0.53		0.19	0.29	0.73	0.48	0.13	-0.21	-0.07	0.52	0.42
Inventory	0.71	0.18	0.48	0.49	0.78	0.72	0.42	0.16	0.67	0.45	0.49	0.69	0.13	0.49	0.47	0.49	0.19		-0.35	0.49	0.27	0.58	0.52	0.37	0.06	0.06
Other Stockholder Equity	-0.38	0.44	-0.38	-0.19	-0.58	-0.43	-0.32	0.47	-0.63	-0.17	-0.24	-0.36	-0.83	-0.24	-0.33	0.34	0.29	-0.35		-0.09	0.57	-0.36	-0.27	0.26	0.61	0.67
Total Liab	0.89	0.8	0.62	0.35	0.57	0.85	-0.02	0.79	0.32	0.27	0.5	0.9	-0.37	0.5	0.43	0.71	0.73	0.49	-0.09		0.48	0.52	0.22	0.09	0.49	0.46
Property Plant And Equipment Gross	0.31	0.65	0.09	0.31	0.08	0.25	-0.14	0.66	-0.1	0.35	0.11	0.31	-0.67	0.11	0.21	0.84	0.48	0.27	0.57	0.48		0.21	0.22	0.32	0.66	0.74
Total Current Assets	0.72	0.15	0.92	0.64	0.75	0.64	0.54	0.13	0.78	0.89	0.55	0.62	0.24	0.55	0.98	0.38	0.13	0.58	-0.36	0.52	0.21		0.32	0.04	-0.19	-0.14
Short Term Debt	0.34	0.04	0.13	0.67	0.37	0.34	0.07	0.02	0.28	0.35	0.39	0.32	0.19	0.39	0.25	0.23	-0.21	0.52	-0.27	0.22	0.22	0.32		0.26	-0.12	0.04
Other Current Assets	0.03	0.25	-0.15	0.44	-0.03	0.01	-0.31	0.25	-0.14	0.25	-0.01	0.03	-0.3	-0.01	-0.01	0.49	-0.07	0.37	0.26	0.09	0.32	0.04	0.26		0.48	0.53
Common Stock Total Equity	0.13	0.78	-0.16	0.07	-0.25	0.08	-0.41	0.79	-0.51	-0.14	-0.03	0.19	-0.86	-0.03	-0.22	0.76	0.52	0.06	0.61	0.49	0.66	-0.19	-0.12	0.48		0.97
Common Stock	0.1	0.77	-0.16	0.23	-0.27	0.04	-0.41	0.78	-0.53	-0.04	0.01	0.14	-0.88	0.01	-0.16	0.78	0.42	0.06	0.67	0.46	0.74	-0.14	0.04	0.53	0.97

Click cells to compare fundamentals

Ensign Energy Account Relationship Matchups

Ensign Energy fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	3.5B	3.1B	3.0B	3.2B	2.9B	2.1B
Short Long Term Debt Total	1.6B	1.4B	1.5B	1.5B	1.2B	1.3B
Other Current Liab	150.6M	101.7M	96.7M	123.8M	112.0M	82.5M
Total Current Liabilities	241.3M	163.0M	185.6M	1.2B	366.1M	363.7M
Total Stockholder Equity	1.5B	1.4B	1.2B	1.3B	1.3B	1.2B
Property Plant And Equipment Net	2.9B	2.6B	2.5B	2.5B	2.4B	1.7B
Current Deferred Revenue	8.7M	9.1M	5.4M	10.8M	16.3M	14.2M
Net Debt	1.6B	1.4B	1.5B	1.4B	1.2B	1.3B
Retained Earnings	962.0M	872.9M	713.4M	721.5M	762.8M	916.9M
Accounts Payable	67.5M	35.5M	76.9M	145.4M	114.6M	129.0M
Cash	28.4M	44.2M	13.3M	49.9M	20.5M	37.1M
Non Current Assets Total	3.1B	2.8B	2.7B	2.7B	2.6B	1.8B
Cash And Short Term Investments	28.4M	44.2M	13.3M	49.9M	20.5M	37.1M
Net Receivables	273.8M	164.7M	226.8M	360.0M	304.5M	273.1M
Common Stock Shares Outstanding	159.6M	161.7M	162.5M	176.4M	185.0M	163.1M
Liabilities And Stockholders Equity	3.5B	3.1B	3.0B	3.2B	2.9B	2.1B
Non Current Liabilities Total	1.8B	1.5B	1.6B	716.7M	1.3B	1.3B
Inventory	47.3M	52.7M	49.2M	60.8M	56.8M	50.5M
Other Stockholder Equity	24.0M	23.3M	23.2M	23.4M	23.8M	47.2M
Total Liab	2.0B	1.7B	1.8B	1.9B	1.6B	976.7M
Property Plant And Equipment Gross	2.9B	2.6B	5.8B	6.0B	5.8B	6.1B
Total Current Assets	368.3M	261.6M	289.9M	470.6M	381.9M	365.0M
Accumulated Other Comprehensive Income	243.8M	235.3M	223.3M	276.1M	254.8M	267.5M
Short Term Debt	10.0M	8.3M	5.3M	894.0M	119.0M	189.9M
Common Stock Total Equity	206.0M	206.3M	230.1M	230.4M	264.9M	210.8M
Common Stock	230.1M	230.4M	230.4M	267.8M	267.5M	228.3M
Other Liab	170.1M	131.0M	135.7M	153.9M	138.5M	241.5M
Net Tangible Assets	1.5B	1.4B	1.2B	1.3B	1.2B	1.3B
Other Assets	121.7M	143.2M	174.2M	196.4M	225.8M	135.5M
Long Term Debt	1.6B	1.4B	1.5B	556.9M	1.1B	1.0B
Property Plant Equipment	2.9B	2.6B	2.5B	2.5B	2.3B	2.3B
Long Term Debt Total	1.6B	1.4B	1.5B	562.8M	647.3M	1.1B
Capital Surpluse	24.0M	23.3M	23.2M	23.4M	26.9M	13.8M
Net Invested Capital	3.0B	2.7B	2.6B	2.7B	2.5B	2.2B
Net Working Capital	127.0M	98.6M	104.2M	(707.8M)	15.8M	16.6M
Capital Stock	230.1M	230.4M	230.4M	267.8M	267.5M	262.6M

Pair Trading with Ensign 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 Ensign 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 Ensign Energy will appreciate offsetting losses from the drop in the long position's value.

Moving together with Ensign Stock

0.85	ENB-PFV	Enbridge Pref 5	Pair Corr
0.9	ENS	E Split Corp	Pair Corr
0.76	ENS-PA	E Split Corp	Pair Corr

Moving against Ensign Stock

0.43	SAGE	Sage Potash Corp	Pair Corr
0.43	RHC	Royal Helium	Pair Corr
0.37	GPV	GreenPower Motor	Pair Corr

The ability to find closely correlated positions to Ensign 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 Ensign 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 Ensign 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 Ensign Energy Services to buy it.

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

Other Information on Investing in Ensign Stock

Balance Sheet is a snapshot of the financial position of Ensign Energy Services at a specified time, usually calculated after every quarter, six months, or one year. Ensign Energy Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Ensign Energy 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 Ensign currently owns. An asset can also be divided into two categories, current and non-current.

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Ensign Free Cash Flow vs Net Income Analysis

Free Cash Flow vs Net Income

Free Cash Flow vs Net Income Correlation Analysis

Correlation Coefficient

Free Cash Flow

Net Income

Ensign Energy fundamental ratios Correlations

Ensign Energy Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Ensign Energy fundamental ratios Accounts

Pair Trading with Ensign Energy

Moving together with Ensign Stock

Moving against Ensign Stock

Other Information on Investing in Ensign Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Net Debt	+ 1.0	Short Long Term Debt Total
Cash And Short Term Investments	+ 1.0	Cash
Property Plant And Equipment Net	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Property Plant And Equipment Net
Total Current Assets	+ 0.98	Net Receivables

Common Stock	- 0.88	Non Currrent Assets Other
Common Stock Total Equity	- 0.86	Non Currrent Assets Other
Other Stockholder Equity	- 0.83	Non Currrent Assets Other
Non Currrent Assets Other	- 0.72	Net Debt
Non Currrent Assets Other	- 0.7	Short Long Term Debt Total
Property Plant And Equipment Gross	- 0.67	Non Currrent Assets Other