Enerplus Income Tax Expense vs Gross Profit Analysis

ERF Stock

CAD 28.02 0.50 1.82%

Enerplus financial indicator trend analysis is much more than just examining Enerplus latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Enerplus is a good investment. Please check the relationship between Enerplus Income Tax Expense and its Gross Profit accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Enerplus. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

To learn how to invest in Enerplus Stock, please use our How to Invest in Enerplus guide.

Income Tax Expense vs Gross Profit

Income Tax Expense vs Gross Profit Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Enerplus Income Tax Expense account and Gross Profit. At this time, the significance of the direction appears to have strong relationship.

The correlation between Enerplus' Income Tax Expense and Gross Profit is 0.76. Overlapping area represents the amount of variation of Income Tax Expense that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Enerplus, assuming nothing else is changed. The correlation between historical values of Enerplus' Income Tax Expense and Gross Profit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Tax Expense of Enerplus are associated (or correlated) with its Gross Profit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit has no effect on the direction of Income Tax Expense i.e., Enerplus' Income Tax Expense and Gross Profit go up and down completely randomly.

Correlation Coefficient

0.76

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Income Tax Expense

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Enerplus minus its cost of goods sold. It is profit before Enerplus operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Most indicators from Enerplus' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Enerplus 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 Enerplus. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

To learn how to invest in Enerplus Stock, please use our How to Invest in Enerplus guide.At this time, Enerplus' Selling General Administrative is very stable compared to the past year. As of the 28th of May 2024, Tax Provision is likely to grow to about 116.9 M, while Issuance Of Capital Stock is likely to drop 0.00.

	2021	2022	2023	2024 (projected)
Total Operating Expenses	56.8M	70.0M	1.1B	1.2B
Cost Of Revenue	794.0M	996.7M	902.3M	510.7M

Total Operating Expenses Cost Of Revenue

Enerplus 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	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Other Current Assets	Intangible Assets	Other Assets	Short Term Debt	Common Stock Total Equity	Common Stock
Total Assets		0.79	0.1	0.49	0.98	0.96	0.7	0.43	0.61	-0.24	1.0	0.63	-0.23	0.25	0.18	0.91	0.54	0.96	0.23	0.0	0.12	-0.01	0.28	-0.14	0.29	0.41
Short Long Term Debt Total	0.79		0.46	0.4	0.67	0.67	0.93	0.04	0.2	-0.27	0.78	0.29	-0.25	0.32	0.35	0.88	0.21	0.88	0.1	0.0	0.26	0.17	0.22	0.24	0.11	0.12
Other Current Liab	0.1	0.46		0.59	-0.01	-0.03	0.44	-0.28	-0.04	-0.16	0.08	-0.15	-0.16	0.45	0.42	0.13	-0.23	0.25	0.29	0.3	0.23	0.08	0.16	0.04	-0.49	-0.27
Total Current Liabilities	0.49	0.4	0.59		0.41	0.49	0.37	-0.09	0.77	-0.17	0.46	0.34	-0.18	0.64	0.5	0.37	0.27	0.57	0.74	0.31	-0.1	-0.03	0.32	-0.23	-0.28	0.11
Total Stockholder Equity	0.98	0.67	-0.01	0.41		0.94	0.57	0.52	0.59	-0.14	0.97	0.65	-0.14	0.17	0.13	0.83	0.54	0.87	0.15	0.06	0.12	-0.07	0.28	-0.25	0.31	0.4
Property Plant And Equipment Net	0.96	0.67	-0.03	0.49	0.94		0.61	0.53	0.7	-0.34	0.97	0.63	-0.34	0.19	0.01	0.86	0.59	0.92	0.31	-0.17	-0.03	-0.07	0.2	-0.17	0.35	0.55
Net Debt	0.7	0.93	0.44	0.37	0.57	0.61		0.1	0.17	-0.46	0.71	0.28	-0.44	0.39	0.24	0.89	0.25	0.83	0.01	-0.12	0.31	0.42	0.06	0.26	0.28	0.29
Retained Earnings	0.43	0.04	-0.28	-0.09	0.52	0.53	0.1		0.19	-0.31	0.46	0.47	-0.31	-0.24	-0.69	0.31	0.49	0.26	-0.12	-0.38	-0.03	-0.04	-0.2	-0.31	0.54	0.68
Accounts Payable	0.61	0.2	-0.04	0.77	0.59	0.7	0.17	0.19		-0.13	0.6	0.6	-0.15	0.36	0.25	0.43	0.57	0.59	0.7	0.12	-0.27	-0.15	0.21	-0.25	0.07	0.39
Cash	-0.24	-0.27	-0.16	-0.17	-0.14	-0.34	-0.46	-0.31	-0.13		-0.28	0.0	1.0	0.02	0.41	-0.33	-0.2	-0.34	-0.18	0.52	-0.34	0.04	0.63	-0.2	-0.08	-0.35
Non Current Assets Total	1.0	0.78	0.08	0.46	0.97	0.97	0.71	0.46	0.6	-0.28		0.64	-0.27	0.21	0.12	0.92	0.57	0.96	0.21	-0.08	0.09	-0.01	0.26	-0.12	0.32	0.45
Non Currrent Assets Other	0.63	0.29	-0.15	0.34	0.65	0.63	0.28	0.47	0.6	0.0	0.64		0.01	0.1	0.0	0.55	0.96	0.56	0.06	-0.14	-0.18	0.16	0.27	-0.17	0.48	0.48
Cash And Short Term Investments	-0.23	-0.25	-0.16	-0.18	-0.14	-0.34	-0.44	-0.31	-0.15	1.0	-0.27	0.01		0.05	0.41	-0.31	-0.19	-0.33	-0.2	0.5	-0.34	0.07	0.63	-0.19	-0.06	-0.34
Net Receivables	0.25	0.32	0.45	0.64	0.17	0.19	0.39	-0.24	0.36	0.02	0.21	0.1	0.05		0.6	0.27	-0.04	0.34	0.36	0.44	0.01	0.47	0.23	-0.09	-0.02	0.07
Common Stock Shares Outstanding	0.18	0.35	0.42	0.5	0.13	0.01	0.24	-0.69	0.25	0.41	0.12	0.0	0.41	0.6		0.18	-0.17	0.25	0.22	0.75	0.16	0.18	0.46	0.04	-0.37	-0.49
Non Current Liabilities Total	0.91	0.88	0.13	0.37	0.83	0.86	0.89	0.31	0.43	-0.33	0.92	0.55	-0.31	0.27	0.18		0.49	0.95	0.06	-0.14	0.14	0.3	0.2	0.09	0.47	0.48
Other Stockholder Equity	0.54	0.21	-0.23	0.27	0.54	0.59	0.25	0.49	0.57	-0.2	0.57	0.96	-0.19	-0.04	-0.17	0.49		0.5	0.07	-0.34	-0.17	0.11	0.08	-0.1	0.48	0.53
Total Liab	0.96	0.88	0.25	0.57	0.87	0.92	0.83	0.26	0.59	-0.34	0.96	0.56	-0.33	0.34	0.25	0.95	0.5		0.31	-0.07	0.1	0.08	0.25	0.02	0.25	0.4
Property Plant And Equipment Gross	0.23	0.1	0.29	0.74	0.15	0.31	0.01	-0.12	0.7	-0.18	0.21	0.06	-0.2	0.36	0.22	0.06	0.07	0.31		0.17	-0.18	-0.43	0.03	-0.13	-0.35	0.12
Total Current Assets	0.0	0.0	0.3	0.31	0.06	-0.17	-0.12	-0.38	0.12	0.52	-0.08	-0.14	0.5	0.44	0.75	-0.14	-0.34	-0.07	0.17		0.37	0.0	0.26	-0.26	-0.36	-0.47
Other Current Assets	0.12	0.26	0.23	-0.1	0.12	-0.03	0.31	-0.03	-0.27	-0.34	0.09	-0.18	-0.34	0.01	0.16	0.14	-0.17	0.1	-0.18	0.37		0.04	-0.39	-0.04	-0.04	-0.21
Intangible Assets	-0.01	0.17	0.08	-0.03	-0.07	-0.07	0.42	-0.04	-0.15	0.04	-0.01	0.16	0.07	0.47	0.18	0.3	0.11	0.08	-0.43	0.0	0.04		0.12	0.05	0.61	0.35
Other Assets	0.28	0.22	0.16	0.32	0.28	0.2	0.06	-0.2	0.21	0.63	0.26	0.27	0.63	0.23	0.46	0.2	0.08	0.25	0.03	0.26	-0.39	0.12		-0.41	0.0	-0.02
Short Term Debt	-0.14	0.24	0.04	-0.23	-0.25	-0.17	0.26	-0.31	-0.25	-0.2	-0.12	-0.17	-0.19	-0.09	0.04	0.09	-0.1	0.02	-0.13	-0.26	-0.04	0.05	-0.41		-0.16	-0.32
Common Stock Total Equity	0.29	0.11	-0.49	-0.28	0.31	0.35	0.28	0.54	0.07	-0.08	0.32	0.48	-0.06	-0.02	-0.37	0.47	0.48	0.25	-0.35	-0.36	-0.04	0.61	0.0	-0.16		0.81
Common Stock	0.41	0.12	-0.27	0.11	0.4	0.55	0.29	0.68	0.39	-0.35	0.45	0.48	-0.34	0.07	-0.49	0.48	0.53	0.4	0.12	-0.47	-0.21	0.35	-0.02	-0.32	0.81

Click cells to compare fundamentals

Enerplus Account Relationship Matchups

Enerplus fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.0B	1.2B	2.0B	1.9B	2.1B	2.9B
Short Long Term Debt Total	505.0M	413.5M	730.7M	282.4M	324.8M	557.4M
Other Current Liab	84.9M	101.0M	249.4M	120.7M	138.8M	93.0M
Total Current Liabilities	321.5M	306.3M	621.4M	503.2M	478.4M	296.8M
Total Stockholder Equity	1.1B	420.1M	609.3M	1.1B	1.2B	1.7B
Property Plant And Equipment Net	1.2B	492.4M	1.3B	1.4B	1.5B	2.2B
Net Debt	388.9M	323.7M	669.3M	244.4M	119.3M	113.3M
Retained Earnings	(1.5B)	(2.3B)	(2.2B)	(1.5B)	(1.2B)	(1.3B)
Accounts Payable	142.1M	113.4M	260.8M	288.2M	294.1M	171.0M
Cash	116.1M	89.8M	61.3M	38M	66.7M	52.4M
Non Current Assets Total	1.7B	968.5M	1.7B	1.5B	1.7B	2.6B
Non Currrent Assets Other	10.6M	3.8M	9.8M	21.2M	5.9M	5.6M
Cash And Short Term Investments	116.1M	89.8M	61.3M	38M	43.7M	51.5M
Net Receivables	156.1M	83.4M	228.0M	276.6M	38.3M	36.3M
Common Stock Shares Outstanding	231.3M	222.5M	259.9M	242.7M	202.2M	160.9M
Liabilities And Stockholders Equity	2.0B	1.2B	2.0B	1.9B	2.2B	2.9B
Non Current Liabilities Total	516.1M	423.7M	759.3M	358.2M	362.8M	344.6M
Other Stockholder Equity	45.5M	39.7M	50.9M	50.5M	45.4M	43.1M
Total Liab	837.7M	729.9M	1.4B	861.4M	841.1M	1.2B
Property Plant And Equipment Gross	1.6B	627.9M	13.2B	7.3B	7.9B	8.3B
Total Current Assets	282.6M	181.6M	306.0M	407.7M	383.3M	221.3M
Accumulated Other Comprehensive Income	236.0M	251.0M	(297.3M)	(301.3M)	(346.5M)	(329.2M)
Other Current Assets	2.3M	5.6M	11.0M	56.6M	45.0M	58.5M
Other Assets	277.1M	607.0M	390.6M	176.2M	202.6M	259.9M
Short Term Debt	94.6M	91.9M	111.2M	94.3M	84.8M	120.7M
Common Stock Total Equity	3.4B	3.3B	3.1B	3.1B	2.8B	2.6B
Common Stock	2.4B	2.4B	3.1B	2.8B	2.6B	2.2B
Other Liab	138.0M	130.2M	139.9M	170.0M	153.0M	145.5M
Net Tangible Assets	1.3B	535.7M	609.3M	1.1B	969.0M	782.2M
Long Term Debt	500.6M	386.6M	601.2M	178.9M	105.4M	100.2M
Short Long Term Debt	106.0M	103.8M	100.6M	80.6M	72.5M	68.9M
Property Plant Equipment	1.6B	627.9M	1.3B	1.4B	1.2B	1.1B
Long Term Debt Total	536.2M	386.6M	601.2M	178.9M	161.0M	153.0M
Capital Surpluse	59.5M	50.6M	50.9M	50.5M	45.4M	42.3M
Net Invested Capital	2.1B	1.0B	1.3B	1.3B	1.4B	1.4B
Net Working Capital	(50.9M)	(159.0M)	(315.5M)	(95.5M)	(95.1M)	(90.3M)
Capital Stock	2.4B	2.4B	3.1B	2.8B	2.7B	2.9B
Cash And Equivalents	114.4M	89.9M	61.3M	38M	34.2M	32.5M

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When determining whether Enerplus is a strong investment it is important to analyze Enerplus' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Enerplus' future performance. For an informed investment choice regarding Enerplus Stock, refer to the following important reports:

How To Invest In Enerplus

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Is Enerplus Stock a good investment?

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What is Enerplus' Net Worth?

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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Enerplus. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

To learn how to invest in Enerplus Stock, please use our How to Invest in Enerplus guide.

Note that the Enerplus information on this page should be used as a complementary analysis to other Enerplus' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.

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

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

Income Tax Expense vs Gross Profit

Income Tax Expense vs Gross Profit Correlation Analysis

Correlation Coefficient

Income Tax Expense

Gross Profit

Enerplus fundamental ratios Correlations

Enerplus Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Enerplus fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

Complementary Tools for Enerplus Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Cash And Short Term Investments	+ 1.0	Cash
Total Stockholder Equity	+ 0.98	Total Assets
Non Current Assets Total	+ 0.97	Total Stockholder Equity
Non Current Assets Total	+ 0.97	Property Plant And Equipment Net
Property Plant And Equipment Net	+ 0.96	Total Assets

Common Stock Shares Outstanding	- 0.69	Retained Earnings
Common Stock	- 0.49	Common Stock Shares Outstanding
Common Stock Total Equity	- 0.49	Other Current Liab
Common Stock	- 0.47	Total Current Assets
Cash	- 0.46	Net Debt
Cash And Short Term Investments	- 0.44	Net Debt