Enerflex Historical Cash Flow
| EFX Stock | CAD 12.89 0.29 2.30% |
Analysis of Enerflex cash flow over time is an excellent tool to project Enerflex future capital expenditures as well as to predict the amount of cash needed to cover cost of sales, R&D expenses or production expansions. Investors should almost always look for trends in cash flow indicators such as Free Cash Flow of 130 M or Change In Working Capital of 14.4 M as it is a great indicator of Enerflex ability to facilitate future growth, repay debt on time or pay out dividends.
Financial Statement Analysis is much more than just reviewing and examining Enerflex latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Enerflex is a good buy for the upcoming year.
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About Enerflex Cash Flow Analysis
The Cash Flow Statement is a financial statement that shows how changes in Enerflex balance sheet and income statement accounts affect cash and cash equivalents. It breaks the analysis down to operating, investing, and financing activities. One of the most critical aspects of the cash flow statement is liquidity, which is the degree to which Enerflex's non-liquid assets can be easily converted into cash.
Enerflex Cash Flow Chart
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Stock Based Compensation
Compensation provided to employees in the form of equity or options to purchase company stock. This type of compensation is used to align the interests of employees and shareholders.Begin Period Cash Flow
The amount of cash a company has at the beginning of a financial reporting period. It serves as the starting point for calculating the period's cash flow from operations, investing, and financing activities.Dividends Paid
The total amount of dividends that a company has paid out to its shareholders over a specific period.Capital Expenditures
Capital Expenditures are funds used by Enerflex to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Enerflex operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.Most accounts from Enerflex's cash flow statement are interrelated and interconnected. However, analyzing cash flow statement accounts one by one will only give a small insight into Enerflex current financial condition. On the other hand, looking into the entire matrix of cash flow statement accounts, 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 End Period Cash Flow is very stable compared to the past year. As of the 22nd of November 2024, Net Borrowings is likely to grow to about 71.1 M, while Change To Inventory is likely to drop about 12.1 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Capital Expenditures | 57.3M | 115.8M | 149.5M | 107.5M | Dividends Paid | 7.2M | 9.0M | 12.4M | 19.4M |
Enerflex cash flow statement Correlations
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Enerflex Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Enerflex cash flow statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change To Inventory | (93.2M) | 57.1M | 39.6M | (78.7M) | 21.9M | 12.1M | |
| Change In Cash | (230.6M) | (579K) | 77.1M | 81.0M | (127.7M) | (121.3M) | |
| Stock Based Compensation | 7.7M | 1.4M | 10.1M | 11.9M | 5.8M | 7.1M | |
| Free Cash Flow | (209.2M) | 86.5M | 167.8M | (96.1M) | 123.9M | 130.0M | |
| Change In Working Capital | (221.7M) | 32.8M | 100.4M | (71.3M) | 13.7M | 14.4M | |
| Begin Period Cash Flow | 326.9M | 96.3M | 95.7M | 172.8M | 253.8M | 177.7M | |
| Other Cashflows From Financing Activities | 4.9M | (3.4M) | (3.0M) | 1.4B | (4.9M) | (4.6M) | |
| Depreciation | 86.6M | 85.3M | 87.6M | 128.3M | 267.5M | 280.9M | |
| Other Non Cash Items | (2.0M) | (2.0M) | (806K) | 44.3M | 106.2M | 111.5M | |
| Dividends Paid | 37.5M | 24.2M | 7.2M | 9.0M | 12.4M | 19.4M | |
| Capital Expenditures | 263.4M | 133.8M | 57.3M | 115.8M | 149.5M | 107.5M | |
| Total Cash From Operating Activities | 54.2M | 220.2M | 225.2M | 19.8M | 273.3M | 166.1M | |
| Change To Account Receivables | 85.3M | 170.6M | 1.2M | (56.9M) | (38.7M) | (36.8M) | |
| Net Income | 152.1M | 88.3M | (18.5M) | (100.9M) | (110.9M) | (105.4M) | |
| Total Cash From Financing Activities | (61.0M) | (82.1M) | (83.9M) | 11.9M | (200.5M) | (190.5M) | |
| End Period Cash Flow | 96.3M | 95.7M | 172.8M | 253.8M | 126.1M | 188.6M | |
| Sale Purchase Of Stock | 6.6M | (7.5M) | 0.0 | (260K) | (20.4M) | (19.4M) | |
| Net Borrowings | (28.3M) | (54.5M) | (71.2M) | 75.2M | 67.7M | 71.1M | |
| Total Cashflows From Investing Activities | (222.8M) | (137.8M) | (48.9M) | 43.2M | 49.7M | 52.2M | |
| Change To Operating Activities | (5.2M) | (41.8M) | (30.2M) | (134.2M) | (120.8M) | (114.7M) | |
| Other Cashflows From Investing Activities | 26.9M | (7.2M) | 3.7M | 159.1M | 183.0M | 192.1M | |
| Change To Netincome | 37.7M | 14.1M | 56.1M | 63.7M | 73.3M | 38.9M | |
| Change To Liabilities | (182.8M) | (216.8M) | 104.6M | 257.4M | 296.0M | 310.8M | |
| Investments | (222.8M) | (137.8M) | (130K) | 43.2M | (119.8M) | (125.8M) |
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
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.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 Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.