Enerplus Long Term Debt vs Property Plant Equipment Analysis

ERF Stock

CAD 28.06 0.15 0.54%

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 Long Term Debt and its Property Plant Equipment 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.

Long Term Debt vs Property Plant Equipment

Long Term Debt vs Property Plant Equipment Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Enerplus Long Term Debt account and Property Plant Equipment. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Enerplus' Long Term Debt and Property Plant Equipment is 0.58. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Property Plant Equipment in the same time period over historical financial statements of Enerplus, assuming nothing else is changed. The correlation between historical values of Enerplus' Long Term Debt and Property Plant Equipment is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of Enerplus are associated (or correlated) with its Property Plant Equipment. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant Equipment has no effect on the direction of Long Term Debt i.e., Enerplus' Long Term Debt and Property Plant Equipment go up and down completely randomly.

Correlation Coefficient

0.58

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Long Term Debt

Long-term debt is a debt that Enerplus has held for over one year. Long-term debt appears on Enerplus balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Enerplus balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

Property Plant Equipment

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 27th of April 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	1.0B	1.1B

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

Pair Trading with Enerplus

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Enerplus position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Enerplus will appreciate offsetting losses from the drop in the long position's value.

Moving together with Enerplus Stock

0.92	ENB-PFC	Enbridge Pref 11	Pair Corr
0.8	ENB-PFU	Enbridge Pref L	Pair Corr
0.61	ENS-PA	E Split Corp	Pair Corr

The ability to find closely correlated positions to Enerplus could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Enerplus when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Enerplus - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Enerplus to buy it.

The correlation of Enerplus is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Enerplus moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Enerplus moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Enerplus can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

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

Details

Is Enerplus Stock a good investment?

Details

What is Enerplus' Net Worth?

Details

Largest Oil & Gas E&P Companies

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Largest Energy Companies

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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 Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.

Complementary Tools for Enerplus Stock analysis

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 Long Term Debt vs Property Plant Equipment Analysis

Long Term Debt vs Property Plant Equipment

Long Term Debt vs Property Plant Equipment Correlation Analysis

Correlation Coefficient

Long Term Debt

Property Plant Equipment

Enerplus fundamental ratios Correlations

Enerplus Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Enerplus fundamental ratios Accounts

Pair Trading with Enerplus

Moving together with Enerplus Stock

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