Eni Investments vs Depreciation Analysis

E Stock  CAD 2.08  0.05  2.46%   
Eni SPA financial indicator trend analysis is much more than just examining Enterprise Group latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Enterprise Group is a good investment. Please check the relationship between Eni SPA Investments and its Depreciation accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Enterprise Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Investments vs Depreciation

Investments vs Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Enterprise Group Investments account and Depreciation. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Eni SPA's Investments and Depreciation is -0.18. Overlapping area represents the amount of variation of Investments that can explain the historical movement of Depreciation in the same time period over historical financial statements of Enterprise Group, assuming nothing else is changed. The correlation between historical values of Eni SPA's Investments 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 Investments of Enterprise Group 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 Investments i.e., Eni SPA's Investments and Depreciation go up and down completely randomly.

Correlation Coefficient

-0.18
Relationship DirectionNegative 
Relationship StrengthInsignificant

Investments

Securities or assets acquired for generating income or appreciating in value, not used in daily operations.

Depreciation

Depreciation indicates how much of Enterprise Group value has been used up. For tax purposes Eni SPA can deduct the cost of the tangible assets it purchases as business expenses. However, Enterprise Group 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 Eni SPA's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Enterprise Group 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 Enterprise Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
At this time, Eni SPA's Selling General Administrative is very stable compared to the past year. Tax Provision is expected to grow at the current pace this year, though Discontinued Operations is likely to grow to (643.5 K).
 2022 2023 2024 2025 (projected)
Total Revenue26.9M33.5M38.5M32.7M
Depreciation And Amortization4.5M5.0M5.8M4.4M

Eni SPA fundamental ratios Correlations

0.960.570.730.960.960.060.820.990.170.920.610.340.960.580.960.790.950.340.630.90.640.640.680.68-0.73
0.960.590.730.850.990.20.850.930.120.910.440.290.990.550.870.840.980.340.610.920.730.730.710.74-0.8
0.570.590.240.560.680.090.330.590.220.50.320.820.530.130.580.50.60.380.270.43-0.01-0.010.610.43-0.58
0.730.730.240.610.690.390.910.69-0.060.810.13-0.080.80.910.580.870.630.060.240.810.730.730.710.77-0.69
0.960.850.560.610.88-0.140.670.980.190.820.770.430.850.520.990.650.850.350.650.780.460.460.550.53-0.6
0.960.990.680.690.880.150.790.950.110.890.490.40.970.520.90.810.980.380.620.880.630.630.70.69-0.78
0.060.20.090.39-0.140.150.46-0.020.350.28-0.71-0.10.260.22-0.170.570.19-0.02-0.440.340.490.490.640.64-0.5
0.820.850.330.910.670.790.460.760.140.930.120.00.910.670.630.940.810.150.330.950.860.860.820.9-0.81
0.990.930.590.690.980.95-0.020.760.150.870.670.370.930.570.980.750.920.320.660.840.580.580.620.61-0.69
0.170.120.22-0.060.190.110.350.140.150.26-0.010.360.14-0.250.120.160.20.04-0.060.230.120.120.320.28-0.16
0.920.910.50.810.820.890.280.930.870.260.360.270.950.580.790.880.90.290.470.980.720.720.810.84-0.76
0.610.440.320.130.770.49-0.710.120.67-0.010.360.40.40.190.780.040.450.290.660.29-0.01-0.01-0.03-0.05-0.09
0.340.290.82-0.080.430.4-0.10.00.370.360.270.40.23-0.120.420.130.330.450.190.2-0.27-0.270.40.2-0.35
0.960.990.530.80.850.970.260.910.930.140.950.40.230.60.860.880.970.30.560.960.780.780.750.79-0.81
0.580.550.130.910.520.520.220.670.57-0.250.580.19-0.120.60.50.670.41-0.010.150.560.50.50.490.52-0.49
0.960.870.580.580.990.9-0.170.630.980.120.790.780.420.860.50.620.870.350.710.750.460.460.50.47-0.58
0.790.840.50.870.650.810.570.940.750.160.880.040.130.880.670.620.80.150.180.880.740.740.910.92-0.84
0.950.980.60.630.850.980.190.810.920.20.90.450.330.970.410.870.80.370.620.910.720.720.70.72-0.78
0.340.340.380.060.350.38-0.020.150.320.040.290.290.450.3-0.010.350.150.370.270.360.040.040.320.21-0.17
0.630.610.270.240.650.62-0.440.330.66-0.060.470.660.190.560.150.710.180.620.270.470.330.330.010.0-0.17
0.90.920.430.810.780.880.340.950.840.230.980.290.20.960.560.750.880.910.360.470.820.820.810.86-0.79
0.640.73-0.010.730.460.630.490.860.580.120.72-0.01-0.270.780.50.460.740.720.040.330.821.00.570.73-0.67
0.640.73-0.010.730.460.630.490.860.580.120.72-0.01-0.270.780.50.460.740.720.040.330.821.00.570.73-0.67
0.680.710.610.710.550.70.640.820.620.320.81-0.030.40.750.490.50.910.70.320.010.810.570.570.94-0.84
0.680.740.430.770.530.690.640.90.610.280.84-0.050.20.790.520.470.920.720.210.00.860.730.730.94-0.89
-0.73-0.8-0.58-0.69-0.6-0.78-0.5-0.81-0.69-0.16-0.76-0.09-0.35-0.81-0.49-0.58-0.84-0.78-0.17-0.17-0.79-0.67-0.67-0.84-0.89
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Eni SPA Account Relationship Matchups

Eni SPA fundamental ratios Accounts

202020212022202320242025 (projected)
Total Assets52.3M51.1M55.4M72.8M83.7M57.9M
Short Long Term Debt Total13.7M14.8M15.5M25.7M29.6M18.0M
Other Current Liab1.3M1.2M605.2K1.1M1.0M1.2M
Total Current Liabilities2.6M2.9M2.6M3.7M3.3M5.2M
Total Stockholder Equity35.0M32.2M34.8M40.8M46.9M33.7M
Net Debt12.9M13.9M14.4M21.9M25.2M16.0M
Retained Earnings(50.8M)(53.1M)(50.9M)(44.7M)(40.2M)(38.2M)
Accounts Payable1.3M1.6M2.0M2.3M2.7M3.1M
Non Current Assets Total46.9M44.0M45.4M59.9M68.9M46.0M
Non Currrent Assets Other(44.6M)(41.5M)(42.3M)96.1K86.5K90.8K
Net Receivables4.2M5.7M8.0M7.5M8.6M8.3M
Common Stock Shares Outstanding50.2M48.7M49.1M51.4M59.2M35.7M
Liabilities And Stockholders Equity52.3M51.1M55.4M72.8M83.7M57.9M
Other Stockholder Equity14.8M17.2M18.6M20.2M23.2M31.8M
Total Liab17.2M18.9M20.6M32.0M36.8M24.2M
Short Term Debt1.3M1.2M605.2K1.4M1.2M1.2M
Property Plant And Equipment Net44.0M40.9M41.8M55.5M63.9M40.3M
Non Current Liabilities Total14.7M16.1M18.0M28.3M32.6M17.9M
Other Current Assets160.8K265.7K549.9K1.3M1.5M817.1K
Property Plant And Equipment Gross44.0M76.1M80.9M99.0M113.8M119.5M
Total Current Assets5.3M7.2M10.0M12.9M14.8M12.5M
Cash783.6K876.5K1.1M3.8M4.4M2.2M
Cash And Short Term Investments783.6K876.5K1.1M3.8M4.4M2.2M
Inventory211.9K296.2K327.2K286.7K258.0K245.1K
Intangible Assets261.6K201.1K146.4K96.1K86.5K82.2K
Short Term Investments160.8K265.7K549.9K1.3M1.2M1.3M
Common Stock71.0M68.2M67.0M65.3M75.1M73.7M
Other Liab2.8M2.3M2.5M3.1M2.8M3.9M
Net Tangible Assets40.2M34.4M31.7M34.3M30.9M33.4M
Other Assets2.3M2.5M3.1M1.00.90.86
Long Term Debt11.6M13.2M14.4M21.3M19.2M14.9M
Short Long Term Debt288.0K454.4K114K204.8K184.3K175.1K
Property Plant Equipment48.3M44.0M40.9M41.8M37.6M43.9M
Long Term Debt Total3.1M12.4M13.6M14.9M13.4M13.5M
Capital Surpluse12.8M14.8M17.2M18.6M21.4M12.3M
Capital Lease Obligations1.6M1.1M1.0M4.2M4.8M5.0M
Cash And Equivalents969.1K783.6K876.5K1.1M1.2M1.0M

Other Information on Investing in Eni Stock

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