| ET-PI Stock | | | 11.77 0.02 0.17% |
Energy Transfer financial indicator trend analysis is much more than just examining Energy Transfer LP latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Energy Transfer LP is a good investment. Please check the relationship between Energy Transfer Accounts Payable and its Long Term Investments accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Energy Transfer LP. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in american community survey.
Accounts Payable vs Long Term Investments
Accounts Payable vs Long Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Energy Transfer LP Accounts Payable account and
Long Term Investments. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Energy Transfer's Accounts Payable and Long Term Investments is -0.59. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Long Term Investments in the same time period over historical financial statements of Energy Transfer LP, assuming nothing else is changed. The correlation between historical values of Energy Transfer's Accounts Payable and Long Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Energy Transfer LP are associated (or correlated) with its Long Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Investments has no effect on the direction of Accounts Payable i.e., Energy Transfer's Accounts Payable and Long Term Investments go up and down completely randomly.
Correlation Coefficient | -0.59 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Accounts Payable
An accounting item on the balance sheet that represents Energy Transfer obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Energy Transfer LP are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
Long Term Investments
Long Term Investments is an item on the asset side of Energy Transfer balance sheet that represents investments Energy Transfer LP intends to hold for over a year. Energy Transfer LP long term investments may include different instruments such as stocks, bonds, real estate and cash.
Most indicators from Energy Transfer's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Energy Transfer LP 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 Energy Transfer LP. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in american community survey.
As of now, Energy Transfer's
Enterprise Value Over EBITDA is increasing as compared to previous years. The Energy Transfer's current
Enterprise Value Multiple is estimated to increase to 6.40, while
Tax Provision is projected to decrease to under 305.1
M.
Energy Transfer fundamental ratios Correlations
Click cells to compare fundamentals
Energy Transfer Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Energy Transfer fundamental ratios Accounts
Currently Active Assets on Macroaxis
When determining whether Energy Transfer LP 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 Energy 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 Energy Transfer Lp Stock.
Highlighted below are key reports to facilitate an investment decision about Energy Transfer Lp Stock: Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Energy Transfer LP. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in american community survey.
You can also try the
Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
Please note, there is a significant difference between Energy Transfer's value and its price as these two are different measures arrived at by different means. Investors typically determine if Energy Transfer is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Energy Transfer'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.