Energy Short Term Debt vs Net Receivables Analysis

ET-PI Stock   11.97  0.01  0.08%   
Energy Transfer financial indicator trend analysis is much more than just examining Energy Transfer LP latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Energy Transfer LP is a good investment. Please check the relationship between Energy Transfer Short Term Debt and its Net Receivables accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Energy Transfer LP. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Short Term Debt vs Net Receivables

Short Term Debt vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Energy Transfer LP Short Term Debt account and Net Receivables. At this time, the significance of the direction appears to have strong relationship.
The correlation between Energy Transfer's Short Term Debt and Net Receivables is 0.74. Overlapping area represents the amount of variation of Short Term Debt that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Energy Transfer LP, assuming nothing else is changed. The correlation between historical values of Energy Transfer's Short Term Debt and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Debt of Energy Transfer LP are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Short Term Debt i.e., Energy Transfer's Short Term Debt and Net Receivables go up and down completely randomly.

Correlation Coefficient

0.74
Relationship DirectionPositive 
Relationship StrengthSignificant

Short Term Debt

Net Receivables

Most indicators from Energy Transfer's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Energy Transfer LP 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 Energy Transfer LP. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.
The Energy Transfer's current Enterprise Value is estimated to increase to about 56.9 B, while Tax Provision is projected to decrease to under 247.1 M.
 2021 2022 2023 2024 (projected)
Gross Profit13.2B13.5B13.7B13.5B
Total Revenue67.4B89.9B78.6B72.4B

Energy Transfer fundamental ratios Correlations

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0.870.830.880.860.950.330.84-0.410.83-0.39-0.53-0.710.84-0.870.84-0.65-0.910.930.910.380.74-0.760.88-0.950.7
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0.870.860.930.920.870.130.92-0.660.78-0.27-0.49-0.370.97-0.630.87-0.29-0.630.960.930.560.64-0.880.93-0.690.85
0.970.950.870.950.870.520.84-0.630.96-0.09-0.74-0.720.87-0.70.91-0.67-0.890.910.830.520.9-0.870.97-0.890.85
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-0.77-0.41-0.66-0.69-0.66-0.63-0.48-0.58-0.75-0.510.830.32-0.72-0.02-0.790.280.35-0.61-0.48-0.8-0.720.88-0.780.29-0.81
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-0.81-0.53-0.54-0.67-0.49-0.74-0.82-0.460.83-0.87-0.540.72-0.570.18-0.790.710.66-0.55-0.41-0.65-0.920.8-0.760.56-0.73
-0.68-0.71-0.49-0.48-0.37-0.72-0.61-0.490.32-0.73-0.030.72-0.470.55-0.641.00.9-0.53-0.5-0.43-0.790.56-0.610.83-0.35
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-0.52-0.87-0.5-0.64-0.63-0.7-0.15-0.56-0.02-0.490.710.180.55-0.53-0.590.510.82-0.76-0.790.07-0.40.45-0.550.9-0.4
0.920.840.790.890.870.910.470.78-0.790.87-0.02-0.79-0.640.87-0.59-0.58-0.790.940.870.610.8-0.980.93-0.790.84
-0.63-0.65-0.42-0.42-0.29-0.67-0.63-0.420.28-0.68-0.070.711.0-0.390.51-0.580.87-0.46-0.43-0.4-0.760.5-0.540.79-0.29
-0.79-0.91-0.62-0.74-0.63-0.89-0.56-0.630.35-0.810.230.660.9-0.640.82-0.790.87-0.78-0.75-0.31-0.80.69-0.760.99-0.57
0.870.930.850.910.960.910.240.87-0.610.79-0.33-0.55-0.530.92-0.760.94-0.46-0.780.980.480.67-0.90.91-0.830.8
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0.690.380.750.440.560.520.140.72-0.80.630.36-0.65-0.430.740.070.61-0.4-0.310.480.460.59-0.710.68-0.240.48
0.930.740.710.820.640.90.780.63-0.720.980.32-0.92-0.790.69-0.40.8-0.76-0.80.670.540.59-0.790.87-0.730.8
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0.880.70.760.960.850.850.540.68-0.810.880.17-0.73-0.350.8-0.40.84-0.29-0.570.80.660.480.8-0.860.91-0.57
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Energy Transfer Account Relationship Matchups

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When determining whether Energy Transfer LP is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Energy Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Energy Transfer Lp Stock. Highlighted below are key reports to facilitate an investment decision about Energy Transfer Lp Stock:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Energy Transfer LP. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.
You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
Please note, there is a significant difference between Energy Transfer's value and its price as these two are different measures arrived at by different means. Investors typically determine if Energy Transfer is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Energy Transfer'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.