Enerflex Other Current Assets vs Net Debt Analysis

EFXT Stock  USD 9.48  0.01  0.11%   
Enerflex financial indicator trend analysis is much more than just examining Enerflex latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Enerflex is a good investment. Please check the relationship between Enerflex Other Current Assets and its Net Debt accounts. 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 interest.
For more information on how to buy Enerflex Stock please use our How to Invest in Enerflex guide.

Other Current Assets vs Net Debt

Other Current Assets vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Enerflex Other Current Assets account and Net Debt. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Enerflex's Other Current Assets and Net Debt is 0.89. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Net Debt in the same time period over historical financial statements of Enerflex, assuming nothing else is changed. The correlation between historical values of Enerflex's Other Current Assets and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Assets of Enerflex are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Other Current Assets i.e., Enerflex's Other Current Assets and Net Debt go up and down completely randomly.

Correlation Coefficient

0.89
Relationship DirectionPositive 
Relationship StrengthStrong

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.
Most indicators from Enerflex's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Enerflex 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 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 interest.
For more information on how to buy Enerflex Stock please use our How to Invest in Enerflex guide.Tax Provision is likely to drop to about 29.6 M in 2024. Selling General Administrative is likely to drop to about 261.1 M in 2024
 2021 2022 2023 2024 (projected)
Interest Expense20.3M49.4M119.7M125.7M
Depreciation And Amortization87.6M128.3M201.7M211.7M

Enerflex fundamental ratios Correlations

0.890.280.910.840.970.090.86-0.120.920.230.980.620.270.760.50.830.90.60.810.180.880.880.360.790.93
0.890.550.820.730.85-0.110.99-0.170.830.190.870.510.220.640.450.751.00.510.880.160.990.790.550.770.83
0.280.550.340.210.27-0.620.59-0.230.12-0.170.24-0.34-0.130.490.050.60.530.120.390.10.570.330.520.150.35
0.910.820.340.570.810.260.78-0.210.890.30.830.510.340.820.350.760.820.670.720.160.850.950.410.870.79
0.840.730.210.570.89-0.10.710.00.70.170.880.510.190.560.560.750.760.270.70.220.690.60.150.380.87
0.970.850.270.810.89-0.060.830.040.880.130.970.640.160.670.410.820.860.620.810.090.810.810.270.690.95
0.09-0.11-0.620.26-0.1-0.06-0.19-0.170.260.490.030.360.470.070.21-0.25-0.10.06-0.080.19-0.050.22-0.190.28-0.1
0.860.990.590.780.710.83-0.19-0.190.780.050.850.470.080.60.450.760.990.510.890.20.970.730.570.730.81
-0.12-0.17-0.23-0.210.00.04-0.17-0.190.010.1-0.170.20.1-0.19-0.63-0.33-0.170.42-0.07-0.86-0.210.02-0.29-0.17-0.11
0.920.830.120.890.70.880.260.780.010.390.860.730.420.690.330.630.840.670.740.010.840.910.270.840.83
0.230.19-0.170.30.170.130.490.050.10.390.120.311.00.290.01-0.020.2-0.020.08-0.280.240.45-0.050.260.19
0.980.870.240.830.880.970.030.85-0.170.860.120.630.150.650.60.820.880.510.810.280.830.760.330.740.92
0.620.51-0.340.510.510.640.360.470.20.730.310.630.30.060.150.190.530.560.68-0.060.480.48-0.030.680.56
0.270.22-0.130.340.190.160.470.080.10.421.00.150.30.330.010.030.230.00.1-0.280.270.48-0.020.290.23
0.760.640.490.820.560.670.070.6-0.190.690.290.650.060.330.320.790.650.420.40.110.70.870.340.50.71
0.50.450.050.350.560.410.210.45-0.630.330.010.60.150.010.320.450.46-0.210.290.720.420.20.260.270.37
0.830.750.60.760.750.82-0.250.76-0.330.63-0.020.820.190.030.790.450.760.330.680.370.760.690.360.490.88
0.91.00.530.820.760.86-0.10.99-0.170.840.20.880.530.230.650.460.760.510.880.170.990.80.510.760.85
0.60.510.120.670.270.620.060.510.420.67-0.020.510.560.00.42-0.210.330.510.55-0.380.520.690.190.70.49
0.810.880.390.720.70.81-0.080.89-0.070.740.080.810.680.10.40.290.680.880.550.170.870.660.430.70.81
0.180.160.10.160.220.090.190.2-0.860.01-0.280.28-0.06-0.280.110.720.370.17-0.380.170.17-0.080.060.040.18
0.880.990.570.850.690.81-0.050.97-0.210.840.240.830.480.270.70.420.760.990.520.870.170.830.530.770.81
0.880.790.330.950.60.810.220.730.020.910.450.760.480.480.870.20.690.80.690.66-0.080.830.360.780.79
0.360.550.520.410.150.27-0.190.57-0.290.27-0.050.33-0.03-0.020.340.260.360.510.190.430.060.530.360.50.27
0.790.770.150.870.380.690.280.73-0.170.840.260.740.680.290.50.270.490.760.70.70.040.770.780.50.64
0.930.830.350.790.870.95-0.10.81-0.110.830.190.920.560.230.710.370.880.850.490.810.180.810.790.270.64
Click cells to compare fundamentals

Enerflex Account Relationship Matchups

Enerflex fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.4B2.2B2.2B4.3B3.9B2.5B
Short Long Term Debt Total497.5M451.6M388.4M1.5B1.3B1.4B
Other Current Liab39.4M14.8M13.4M(165.4M)573.4M602.1M
Total Current Liabilities517.5M287.6M355.4M1.1B1.1B596.1M
Total Stockholder Equity1.3B1.4B1.4B1.5B1.4B1.3B
Property Plant And Equipment Net810.9M794.6M756.6M1.5B1.4B697.7M
Current Deferred Revenue143.0M35.4M84.6M366.1M6.3M6.0M
Net Debt401.2M356.0M215.7M1.2B1.2B1.2B
Retained Earnings228.8M301.0M275.0M164.2M30.8M29.3M
Accounts Payable320.9M178.3M234.2M611.5M415.1M303.3M
Cash96.3M95.7M172.8M253.8M126.1M188.6M
Non Current Assets Total1.5B1.6B1.5B2.8B2.5B1.5B
Non Currrent Assets Other198K93.3M112.4M505.8M20.7M19.7M
Cash And Short Term Investments96.3M95.7M172.8M253.8M140.5M189.6M
Net Receivables574.5M253.1M337.7M525.0M817.4M467.6M
Good Will573.9M576.0M566.3M679.4M571.8M591.2M
Common Stock Shares Outstanding89.1M89.7M89.7M97.0M123.8M94.1M
Liabilities And Stockholders Equity2.4B2.2B2.2B4.3B3.9B2.5B
Non Current Liabilities Total574.2M495.3M482.3M1.6B1.4B1.4B
Inventory269.4M212.3M208.9M411.3M389.4M208.1M
Other Current Assets12.2M63.3M26.6M125.3M84.0M88.2M
Other Stockholder Equity655.1M656.8M658.6M660.1M670.1M686.8M
Total Liab1.1B782.9M837.7M2.7B2.5B2.6B
Total Current Assets952.6M624.3M709.7M1.4B1.4B983.9M
Accumulated Other Comprehensive Income81.8M63.3M44.7M128.8M101.5M68.1M
Short Term Debt14.2M54.7M(70.7M)41.9M78.4M82.3M
Intangible Assets22.1M16.5M10.1M102.8M73.2M41.6M
Common Stock357.7M366.1M375.5M589.8M591.6M393.0M
Other Assets49.3M141.5M121.7M525.2M963.1M1.0B
Other Liab91.0M98.4M107.8M151.6M174.3M113.8M
Net Tangible Assets745.3M804.1M777.4M760.8M874.9M823.0M
Long Term Debt430.5M349.7M331.4M1.4B1.2B748.3M
Net Invested Capital1.8B1.8B1.7B2.9B2.6B2.3B
Long Term Investments26.2M26.6M27.1M35.0M37.5M31.8M
Non Current Liabilities Other14.7M11.0M15.8M21.8M18.1M17.9M
Net Working Capital435.1M336.8M354.3M307.1M287.1M291.5M
Property Plant Equipment810.9M794.6M756.6M1.5B1.7B983.5M

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Additional Tools for Enerflex Stock Analysis

When running Enerflex's price analysis, check to measure Enerflex'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 Enerflex is operating at the current time. Most of Enerflex's value examination focuses on studying past and present price action to predict the probability of Enerflex's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Enerflex's price. Additionally, you may evaluate how the addition of Enerflex to your portfolios can decrease your overall portfolio volatility.