Cheniere Capital Expenditures vs Depreciation Analysis

CQP Stock  USD 52.17  0.05  0.1%   
Cheniere Energy financial indicator trend analysis is way more than just evaluating Cheniere Energy Partners prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cheniere Energy Partners is a good investment. Please check the relationship between Cheniere Energy Capital Expenditures and its Depreciation accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cheniere Energy Partners. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in producer price index.
To learn how to invest in Cheniere Stock, please use our How to Invest in Cheniere Energy guide.

Capital Expenditures vs Depreciation

JavaScript chart by amCharts 3.21.15201420162018202020222024400M600M800M1B1.2B1.4B1.6B1.8B2B2.2B2.4B2.6B2.8B3B 100M150M200M250M300M350M400M450M500M550M600M650M
JavaScript chart by amCharts 3.21.15Capital Expenditurestotal: 16.9BDepreciationtotal: 4.7B

Capital Expenditures vs Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cheniere Energy Partners Capital Expenditures account and Depreciation. At this time, the significance of the direction appears to have strong contrarian relationship.
Capital ExpendituresDepreciationDiversified AwayCapital ExpendituresDepreciationDiversified Away100%
The correlation between Cheniere Energy's Capital Expenditures and Depreciation is -0.51. Overlapping area represents the amount of variation of Capital Expenditures that can explain the historical movement of Depreciation in the same time period over historical financial statements of Cheniere Energy Partners, assuming nothing else is changed. The correlation between historical values of Cheniere Energy's Capital Expenditures and Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Expenditures of Cheniere Energy Partners are associated (or correlated) with its Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation has no effect on the direction of Capital Expenditures i.e., Cheniere Energy's Capital Expenditures and Depreciation go up and down completely randomly.

Correlation Coefficient

-0.51
Relationship DirectionNegative 
Relationship StrengthVery Weak

Capital Expenditures

Capital Expenditures are funds used by Cheniere Energy Partners to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Cheniere Energy operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.

Depreciation

Depreciation indicates how much of Cheniere Energy Partners value has been used up. For tax purposes Cheniere Energy can deduct the cost of the tangible assets it purchases as business expenses. However, Cheniere Energy Partners must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.
Most indicators from Cheniere Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cheniere Energy Partners 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Cheniere Energy Partners. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in producer price index.
To learn how to invest in Cheniere Stock, please use our How to Invest in Cheniere Energy guide.At this time, Cheniere Energy's Enterprise Value Over EBITDA is relatively stable compared to the past year. As of 12/23/2024, Enterprise Value Multiple is likely to grow to 7.22, while Selling General Administrative is likely to drop slightly above 79.2 M.
 2021 2022 2023 2024 (projected)
Depreciation And Amortization557M634M672M705.6M
Income Tax Expense836M882M824M865.2M

Cheniere Energy fundamental ratios Correlations

0.940.620.64-0.050.340.930.920.720.93-0.13-0.160.920.710.710.940.820.49-0.030.930.850.860.490.860.920.2
0.940.650.67-0.120.231.00.990.761.0-0.19-0.210.990.740.70.990.850.55-0.130.990.880.890.560.90.990.12
0.620.650.8-0.60.70.640.60.340.63-0.36-0.460.620.310.910.690.830.79-0.380.720.720.660.240.710.610.35
0.640.670.8-0.410.620.690.660.260.68-0.25-0.380.620.260.720.680.670.55-0.140.720.750.550.230.760.650.33
-0.05-0.12-0.6-0.41-0.32-0.13-0.11-0.02-0.10.510.52-0.12-0.01-0.46-0.21-0.32-0.440.48-0.24-0.04-0.25-0.07-0.06-0.120.19
0.340.230.70.62-0.320.230.19-0.040.23-0.19-0.360.2-0.050.650.290.460.43-0.080.310.530.210.030.520.20.65
0.931.00.640.69-0.130.230.990.731.0-0.22-0.250.990.720.680.990.850.55-0.140.990.890.870.570.910.990.12
0.920.990.60.66-0.110.190.990.750.99-0.23-0.240.990.740.650.980.830.49-0.120.980.880.860.620.90.990.07
0.720.760.340.26-0.02-0.040.730.750.72-0.31-0.260.791.00.480.750.640.27-0.190.730.60.90.580.630.770.07
0.931.00.630.68-0.10.231.00.990.72-0.16-0.190.990.710.680.990.830.53-0.10.990.890.850.560.90.990.12
-0.13-0.19-0.36-0.250.51-0.19-0.22-0.23-0.31-0.160.98-0.24-0.31-0.3-0.25-0.47-0.360.61-0.26-0.25-0.36-0.29-0.24-0.27-0.1
-0.16-0.21-0.46-0.380.52-0.36-0.25-0.24-0.26-0.190.98-0.25-0.26-0.37-0.28-0.49-0.40.59-0.29-0.34-0.35-0.24-0.33-0.28-0.21
0.920.990.620.62-0.120.20.990.990.790.99-0.24-0.250.770.680.990.850.53-0.180.980.880.890.60.91.00.09
0.710.740.310.26-0.01-0.050.720.741.00.71-0.31-0.260.770.460.740.620.23-0.150.710.590.890.610.620.760.05
0.710.70.910.72-0.460.650.680.650.480.68-0.3-0.370.680.460.740.890.81-0.330.750.770.770.280.750.670.31
0.940.990.690.68-0.210.290.990.980.750.99-0.25-0.280.990.740.740.880.59-0.191.00.890.90.570.90.990.12
0.820.850.830.67-0.320.460.850.830.640.83-0.47-0.490.850.620.890.880.75-0.390.880.870.860.530.850.850.29
0.490.550.790.55-0.440.430.550.490.270.53-0.36-0.40.530.230.810.590.75-0.430.60.550.60.030.520.510.24
-0.03-0.13-0.38-0.140.48-0.08-0.14-0.12-0.19-0.10.610.59-0.18-0.15-0.33-0.19-0.39-0.43-0.19-0.17-0.310.21-0.14-0.180.05
0.930.990.720.72-0.240.310.990.980.730.99-0.26-0.290.980.710.751.00.880.6-0.190.890.890.550.90.980.13
0.850.880.720.75-0.040.530.890.880.60.89-0.25-0.340.880.590.770.890.870.55-0.170.890.760.50.990.890.38
0.860.890.660.55-0.250.210.870.860.90.85-0.36-0.350.890.890.770.90.860.6-0.310.890.760.490.770.880.14
0.490.560.240.23-0.070.030.570.620.580.56-0.29-0.240.60.610.280.570.530.030.210.550.50.490.530.60.02
0.860.90.710.76-0.060.520.910.90.630.9-0.24-0.330.90.620.750.90.850.52-0.140.90.990.770.530.910.36
0.920.990.610.65-0.120.20.990.990.770.99-0.27-0.281.00.760.670.990.850.51-0.180.980.890.880.60.910.07
0.20.120.350.330.190.650.120.070.070.12-0.1-0.210.090.050.310.120.290.240.050.130.380.140.020.360.07
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Cheniere Energy Account Relationship Matchups

Cheniere Energy fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets19.4B19.1B19.4B19.6B18.1B11.2B
Other Current Liab764M719M1.2B2.2B1.1B1.1B
Total Current Liabilities966M883M1.3B2.4B1.6B1.6B
Total Stockholder Equity715M539M718M(2.1B)845M887.3M
Other Liab37M53M29M3.0B3.5B3.7B
Property Plant And Equipment Net16.5B16.8B16.9B16.8B16.3B9.6B
Net Debt15.9B16.5B16.4B15.4B15.4B9.7B
Cash1.8B1.2B876M904M575M607.8M
Non Current Assets Total16.7B17.0B17.1B17.0B16.5B10.1B
Non Currrent Assets Other209M182M185M199M228M306.7M
Other Assets215M117M218M73M65.7M62.4M
Long Term Debt17.6B17.6B17.2B16.2B15.6B9.9B
Cash And Short Term Investments1.8B1.2B876M904M575M625.3M
Net Receivables402M502M813M1.2B651M683.6M
Liabilities And Stockholders Equity19.4B19.1B19.4B19.6B18.9B11.3B
Non Current Liabilities Total17.7B17.7B17.3B19.3B17.3B10.3B
Inventory116M107M176M160M142M97.6M
Other Current Assets52M316M347M378M213M107.8M
Other Stockholder Equity(877M)(175M)(306M)105M845M463.3M
Total Liab18.7B18.6B18.6B21.8B18.9B11.0B
Property Plant And Equipment Gross16.5B16.8B19.8B16.7B20.5B21.5B
Total Current Assets2.7B2.1B2.2B2.6B1.6B1.2B
Accumulated Other Comprehensive Income796M714M1.0B(1.1B)(1.0B)(955.9M)
Intangible Assets24M20M6M8M9.2M7.7M
Property Plant Equipment16.4B16.7B16.8B16.7B19.2B20.2B
Short Long Term Debt Total17.7B17.7B17.3B16.3B16.0B10.7B
Current Deferred Revenue112M117M156M138M147M89.1M
Short Term Debt6M14M16M10M300M265.3M
Long Term Debt Total17.6B17.6B17.2B16.2B18.6B15.0B
Deferred Long Term Liab16M35M11M3.0B3.5B3.7B
Common Stock796M714M1.0B(1.1B)(1.3B)(1.2B)

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

Moving together with Cheniere Stock

  0.93EE Excelerate EnergyPairCorr
  0.94ET Energy Transfer LP Aggressive PushPairCorr
  0.89DLNG Dynagas LNG PartnersPairCorr

Moving against Cheniere Stock

  0.74FRO FrontlinePairCorr
  0.72PXSAW Pyxis TankersPairCorr
  0.7TK TeekayPairCorr
  0.68DHT DHT HoldingsPairCorr
  0.64BPT BP Prudhoe BayPairCorr
The ability to find closely correlated positions to Cheniere 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 Cheniere 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 Cheniere 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 Cheniere Energy Partners to buy it.
The correlation of Cheniere 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 Cheniere Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cheniere Energy Partners 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 Cheniere 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 CorrelationCorrelation Matching

Additional Tools for Cheniere Stock Analysis

When running Cheniere Energy's price analysis, check to measure Cheniere Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Cheniere Energy is operating at the current time. Most of Cheniere Energy's value examination focuses on studying past and present price action to predict the probability of Cheniere Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cheniere Energy's price. Additionally, you may evaluate how the addition of Cheniere Energy to your portfolios can decrease your overall portfolio volatility.
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