Enbridge Net Working Capital vs Short Term Investments Analysis

ENB Stock

USD 41.75 0.10 0.24%

Enbridge financial indicator trend analysis is much more than just examining Enbridge latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Enbridge is a good investment. Please check the relationship between Enbridge Net Working Capital and its Short Term Investments accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Enbridge. 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.

For information on how to trade Enbridge Stock refer to our How to Trade Enbridge Stock guide.

Net Working Capital vs Short Term Investments

Net Working Capital vs Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Enbridge Net Working Capital account and Short Term Investments. At this time, the significance of the direction appears to have no relationship.

The correlation between Enbridge's Net Working Capital and Short Term Investments is 0.04. Overlapping area represents the amount of variation of Net Working Capital that can explain the historical movement of Short Term Investments in the same time period over historical financial statements of Enbridge, assuming nothing else is changed. The correlation between historical values of Enbridge's Net Working Capital and Short 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 Net Working Capital of Enbridge are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Net Working Capital i.e., Enbridge's Net Working Capital and Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.04

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Net Working Capital

Short Term Investments

Short Term Investments is an item under the current assets section of Enbridge balance sheet. It contains any investments Enbridge undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Enbridge can easily liquidate in the marketplace.

Most indicators from Enbridge's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Enbridge 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 Enbridge. 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.

For information on how to trade Enbridge Stock refer to our How to Trade Enbridge Stock guide.At present, Enbridge's Issuance Of Capital Stock is projected to increase significantly based on the last few years of reporting. The current year's Enterprise Value is expected to grow to about 29.8 B, whereas Selling General Administrative is forecasted to decline to about 147.5 M.

	2022	2023	2024	2025 (projected)
Interest Expense	3.2B	3.8B	4.4B	4.6B
Depreciation And Amortization	4.3B	4.6B	5.2B	5.4B

Interest Expense Depreciation And Amortization

Enbridge fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Accounts Payable	Intangible Assets	Other Assets	Common Stock Total Equity	Property Plant And Equipment Gross
Total Assets		0.44	0.22	0.57	0.97	0.99	0.43	-0.9	0.27	1.0	0.97	0.27	0.12	0.84	0.97	0.69	0.58	-0.61	0.99	0.39	0.9	0.0	0.94	0.24	0.97	0.97
Short Long Term Debt Total	0.44		0.67	0.94	0.56	0.41	1.0	-0.28	0.16	0.44	0.35	0.16	0.87	0.66	0.23	0.77	-0.11	0.4	0.34	0.88	0.36	0.59	0.34	0.35	0.49	0.32
Other Current Liab	0.22	0.67		0.62	0.33	0.17	0.67	-0.19	0.21	0.22	0.21	0.21	0.57	0.39	0.06	0.51	0.08	0.3	0.14	0.68	0.16	0.31	0.16	-0.03	0.28	0.15
Total Current Liabilities	0.57	0.94	0.62		0.64	0.57	0.94	-0.41	0.19	0.57	0.49	0.19	0.83	0.72	0.4	0.9	-0.02	0.21	0.51	0.89	0.58	0.54	0.5	0.37	0.57	0.49
Total Stockholder Equity	0.97	0.56	0.33	0.64		0.93	0.55	-0.83	0.17	0.97	0.94	0.17	0.24	0.9	0.88	0.68	0.46	-0.49	0.91	0.42	0.81	0.06	0.86	0.26	0.99	0.88
Property Plant And Equipment Net	0.99	0.41	0.17	0.57	0.93		0.4	-0.89	0.3	0.99	0.96	0.3	0.1	0.8	0.98	0.7	0.59	-0.63	0.99	0.39	0.92	0.01	0.94	0.23	0.93	0.98
Net Debt	0.43	1.0	0.67	0.94	0.55	0.4		-0.26	0.11	0.43	0.35	0.11	0.88	0.66	0.22	0.77	-0.14	0.41	0.33	0.86	0.35	0.6	0.33	0.35	0.48	0.3
Retained Earnings	-0.9	-0.28	-0.19	-0.41	-0.83	-0.89	-0.26		-0.41	-0.9	-0.91	-0.41	0.15	-0.79	-0.92	-0.55	-0.71	0.72	-0.92	-0.26	-0.89	0.18	-0.91	-0.24	-0.89	-0.95
Cash	0.27	0.16	0.21	0.19	0.17	0.3	0.11	-0.41		0.25	0.18	1.0	-0.09	0.2	0.32	0.14	0.72	-0.18	0.33	0.49	0.32	0.07	0.29	-0.09	0.19	0.37
Non Current Assets Total	1.0	0.44	0.22	0.57	0.97	0.99	0.43	-0.9	0.25		0.97	0.25	0.12	0.84	0.96	0.69	0.57	-0.61	0.98	0.38	0.9	-0.01	0.94	0.24	0.97	0.96
Non Currrent Assets Other	0.97	0.35	0.21	0.49	0.94	0.96	0.35	-0.91	0.18	0.97		0.18	0.03	0.82	0.95	0.66	0.6	-0.68	0.96	0.28	0.89	-0.08	0.93	0.26	0.96	0.95
Cash And Short Term Investments	0.27	0.16	0.21	0.19	0.17	0.3	0.11	-0.41	1.0	0.25	0.18		-0.09	0.2	0.32	0.14	0.72	-0.18	0.33	0.49	0.32	0.07	0.29	-0.09	0.19	0.37
Net Receivables	0.12	0.87	0.57	0.83	0.24	0.1	0.88	0.15	-0.09	0.12	0.03	-0.09		0.33	-0.09	0.64	-0.44	0.66	0.03	0.79	0.07	0.73	0.02	0.21	0.13	-0.03
Common Stock Shares Outstanding	0.84	0.66	0.39	0.72	0.9	0.8	0.66	-0.79	0.2	0.84	0.82	0.2	0.33		0.72	0.77	0.37	-0.33	0.77	0.49	0.73	0.12	0.75	0.34	0.9	0.77
Non Current Liabilities Total	0.97	0.23	0.06	0.4	0.88	0.98	0.22	-0.92	0.32	0.96	0.95	0.32	-0.09	0.72		0.58	0.68	-0.75	0.99	0.24	0.91	-0.12	0.95	0.18	0.9	0.98
Inventory	0.69	0.77	0.51	0.9	0.68	0.7	0.77	-0.55	0.14	0.69	0.66	0.14	0.64	0.77	0.58		0.13	-0.04	0.67	0.75	0.71	0.37	0.66	0.28	0.64	0.64
Other Current Assets	0.58	-0.11	0.08	-0.02	0.46	0.59	-0.14	-0.71	0.72	0.57	0.6	0.72	-0.44	0.37	0.68	0.13		-0.7	0.64	0.11	0.54	-0.32	0.61	-0.06	0.52	0.68
Other Stockholder Equity	-0.61	0.4	0.3	0.21	-0.49	-0.63	0.41	0.72	-0.18	-0.61	-0.68	-0.18	0.66	-0.33	-0.75	-0.04	-0.7		-0.68	0.35	-0.62	0.58	-0.65	0.0	-0.56	-0.71
Total Liab	0.99	0.34	0.14	0.51	0.91	0.99	0.33	-0.92	0.33	0.98	0.96	0.33	0.03	0.77	0.99	0.67	0.64	-0.68		0.35	0.93	-0.04	0.96	0.22	0.92	0.99
Total Current Assets	0.39	0.88	0.68	0.89	0.42	0.39	0.86	-0.26	0.49	0.38	0.28	0.49	0.79	0.49	0.24	0.75	0.11	0.35	0.35		0.4	0.56	0.34	0.18	0.35	0.34
Short Term Debt	0.9	0.36	0.16	0.58	0.81	0.92	0.35	-0.89	0.32	0.9	0.89	0.32	0.07	0.73	0.91	0.71	0.54	-0.62	0.93	0.4		-0.01	0.95	0.37	0.83	0.95
Accounts Payable	0.0	0.59	0.31	0.54	0.06	0.01	0.6	0.18	0.07	-0.01	-0.08	0.07	0.73	0.12	-0.12	0.37	-0.32	0.58	-0.04	0.56	-0.01		-0.06	0.1	-0.02	-0.08
Intangible Assets	0.94	0.34	0.16	0.5	0.86	0.94	0.33	-0.91	0.29	0.94	0.93	0.29	0.02	0.75	0.95	0.66	0.61	-0.65	0.96	0.34	0.95	-0.06		0.37	0.89	0.97
Other Assets	0.24	0.35	-0.03	0.37	0.26	0.23	0.35	-0.24	-0.09	0.24	0.26	-0.09	0.21	0.34	0.18	0.28	-0.06	0.0	0.22	0.18	0.37	0.1	0.37		0.28	0.28
Common Stock Total Equity	0.97	0.49	0.28	0.57	0.99	0.93	0.48	-0.89	0.19	0.97	0.96	0.19	0.13	0.9	0.9	0.64	0.52	-0.56	0.92	0.35	0.83	-0.02	0.89	0.28		0.91
Property Plant And Equipment Gross	0.97	0.32	0.15	0.49	0.88	0.98	0.3	-0.95	0.37	0.96	0.95	0.37	-0.03	0.77	0.98	0.64	0.68	-0.71	0.99	0.34	0.95	-0.08	0.97	0.28	0.91

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Enbridge Account Relationship Matchups

Enbridge fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	160.3B	168.9B	179.6B	180.3B	219.0B	229.9B
Short Long Term Debt Total	67.0B	75.7B	81.0B	81.2B	8.3B	7.8B
Other Current Liab	896M	717M	6.1B	4.7B	(959M)	(911.1M)
Total Current Liabilities	14.0B	18.2B	20.3B	17.4B	8.3B	6.5B
Total Stockholder Equity	61.4B	60.8B	59.9B	61.5B	65.9B	69.2B
Property Plant And Equipment Net	94.6B	100.1B	104.5B	105.3B	131.1B	137.7B
Net Debt	66.4B	75.4B	80.1B	75.3B	6.5B	6.1B
Retained Earnings	(10.0B)	(11.0B)	(15.5B)	(17.1B)	(20.0B)	(19.0B)
Cash	452M	286M	861M	5.9B	1.8B	1.9B
Non Current Assets Total	152.9B	159.9B	167.5B	165.9B	205.8B	216.1B
Non Currrent Assets Other	9.0B	9.2B	10.1B	8.1B	12.0B	12.6B
Cash And Short Term Investments	452M	286M	861M	5.9B	1.8B	1.9B
Net Receivables	5.0B	6.2B	7.4B	4.8B	90M	85.5M
Common Stock Shares Outstanding	2.0B	2.0B	2.0B	2.1B	2.2B	1.2B
Liabilities And Stockholders Equity	160.3B	168.9B	179.6B	180.3B	219.0B	229.9B
Non Current Liabilities Total	81.9B	87.3B	95.9B	98.4B	144.8B	152.0B
Inventory	1.5B	1.7B	2.3B	1.5B	1.5B	931.9M
Other Current Assets	361M	259M	604M	2.2B	1.8B	1.9B
Other Stockholder Equity	248M	365M	275M	268M	(13.0B)	(12.3B)
Total Liab	95.9B	105.5B	116.2B	115.8B	150.1B	157.6B
Total Current Assets	7.4B	9.0B	12.1B	14.4B	3.4B	4.5B
Short Term Debt	4.1B	7.7B	8.0B	6.5B	8.3B	8.7B
Accounts Payable	3.5B	4.6B	5.3B	4.3B	22M	20.9M
Intangible Assets	2.1B	4.0B	4.0B	3.5B	4.6B	4.8B
Other Assets	(12M)	284.1B	10.3B	32.5B	9.8B	15.7B
Property Plant And Equipment Gross	94.6B	126.0B	134B	137.2B	169.1B	177.5B
Accumulated Other Comprehensive Income	(1.4B)	(1.1B)	3.5B	2.3B	7.1B	7.5B
Common Stock	64.8B	64.8B	64.8B	69.2B	71.7B	75.3B
Other Liab	17.2B	18.1B	19.3B	22.3B	25.6B	26.9B
Net Tangible Assets	23.0B	18.9B	16.3B	16.6B	19.1B	20.1B
Long Term Debt	62.8B	68.0B	72.9B	74.7B	93.4B	98.1B
Good Will	32.7B	32.8B	32.4B	31.8B	36.6B	38.4B
Short Term Investments	13.8B	64M	660M	(996M)	(1.1B)	(1.1B)
Deferred Long Term Liab	871M	548M	1.0B	1.6B	1.9B	2.0B
Long Term Investments	13.8B	13.3B	15.9B	16.8B	20.7B	21.7B
Short Long Term Debt	4.1B	7.7B	8.0B	6.5B	8.3B	8.7B
Property Plant Equipment	94.5B	95.4B	100.1B	105.1B	120.9B	127.0B

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When determining whether Enbridge offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Enbridge's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Enbridge Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Enbridge Stock:

How To Invest In Enbridge

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Is Enbridge Stock a good investment?

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What is Enbridge's Net Worth?

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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Enbridge. 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.

For information on how to trade Enbridge Stock refer to our How to Trade Enbridge Stock guide.

You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.

Is Oil & Gas Storage & Transportation space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Enbridge. If investors know Enbridge will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Enbridge listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.72)

Dividend Share

3.66

Earnings Share

1.64

Revenue Per Share

24.813

Quarterly Revenue Growth

0.435

The market value of Enbridge is measured differently than its book value, which is the value of Enbridge that is recorded on the company's balance sheet. Investors also form their own opinion of Enbridge's value that differs from its market value or its book value, called intrinsic value, which is Enbridge's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Enbridge's market value can be influenced by many factors that don't directly affect Enbridge's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Enbridge's value and its price as these two are different measures arrived at by different means. Investors typically determine if Enbridge is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Enbridge'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.

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Enbridge Net Working Capital vs Short Term Investments Analysis

Net Working Capital vs Short Term Investments

Net Working Capital vs Short Term Investments Correlation Analysis

Correlation Coefficient

Net Working Capital

Short Term Investments

Enbridge fundamental ratios Correlations

Enbridge Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Enbridge fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Cash And Short Term Investments	+ 1.0	Cash
Property Plant And Equipment Net	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Assets
Common Stock Total Equity	+ 0.99	Total Stockholder Equity

Property Plant And Equipment Gross	- 0.95	Retained Earnings
Total Liab	- 0.92	Retained Earnings
Non Current Liabilities Total	- 0.92	Retained Earnings
Intangible Assets	- 0.91	Retained Earnings
Non Currrent Assets Other	- 0.91	Retained Earnings
Non Current Assets Total	- 0.9	Retained Earnings