Energy Current Deferred Revenue vs Cash Analysis

ET Stock

USD 15.48 0.03 0.19%

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 Current Deferred Revenue and its Cash 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 estimate.

Current Deferred Revenue vs Cash

Current Deferred Revenue vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Energy Transfer LP Current Deferred Revenue account and Cash. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Energy Transfer's Current Deferred Revenue and Cash is -0.32. Overlapping area represents the amount of variation of Current Deferred Revenue that can explain the historical movement of Cash 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 Current Deferred Revenue and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Current Deferred Revenue of Energy Transfer LP are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Current Deferred Revenue i.e., Energy Transfer's Current Deferred Revenue and Cash go up and down completely randomly.

Correlation Coefficient

-0.32

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Current Deferred Revenue

Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.

Cash

Cash refers to the most liquid asset of Energy Transfer LP, which is listed under current asset account on Energy Transfer LP balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Energy Transfer customers. The amounts must be unrestricted with restricted cash listed in a different Energy Transfer account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

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 estimate.

At this time, Energy Transfer's Tax Provision is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 8.42 in 2024, whereas Issuance Of Capital Stock is likely to drop 0.00 in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	13.2B	13.5B	13.7B	14.3B
Total Revenue	67.4B	89.9B	78.6B	82.5B

Gross Profit Total Revenue

Energy Transfer fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Other Liab
Total Assets		0.99	0.95	0.91	0.34	0.99	0.43	0.99	0.73	0.11	1.0	-0.62	0.1	0.72	0.16	0.65	0.3	0.99	0.9	-0.16	0.17	0.99	0.8	0.76	0.17	0.79
Short Long Term Debt Total	0.99		0.95	0.84	0.27	0.98	0.36	1.0	0.66	0.11	0.99	-0.62	0.1	0.65	0.16	0.62	0.24	1.0	0.87	-0.1	0.08	0.99	0.77	0.71	0.14	0.82
Other Current Liab	0.95	0.95		0.87	0.2	0.92	0.22	0.95	0.63	0.28	0.96	-0.44	0.28	0.59	0.38	0.49	0.19	0.96	0.88	-0.06	-0.01	0.97	0.67	0.67	0.23	0.71
Total Current Liabilities	0.91	0.84	0.87		0.43	0.88	0.49	0.84	0.83	0.14	0.9	-0.48	0.14	0.76	0.21	0.56	0.34	0.85	0.9	-0.19	0.32	0.89	0.76	0.81	0.36	0.63
Total Stockholder Equity	0.34	0.27	0.2	0.43		0.36	0.89	0.27	0.67	-0.31	0.33	-0.56	-0.31	0.78	-0.21	0.7	0.49	0.25	0.32	-0.46	0.91	0.28	0.72	0.68	0.3	0.42
Property Plant And Equipment Net	0.99	0.98	0.92	0.88	0.36		0.46	0.98	0.72	0.0	0.99	-0.69	0.0	0.72	0.04	0.7	0.31	0.97	0.85	-0.19	0.17	0.98	0.82	0.74	0.14	0.79
Current Deferred Revenue	0.43	0.36	0.22	0.49	0.89	0.46		0.36	0.8	-0.32	0.41	-0.76	-0.32	0.89	-0.32	0.86	0.43	0.33	0.37	-0.45	0.86	0.36	0.84	0.76	0.08	0.49
Net Debt	0.99	1.0	0.95	0.84	0.27	0.98	0.36		0.66	0.09	0.99	-0.62	0.09	0.66	0.15	0.63	0.24	1.0	0.87	-0.1	0.08	0.99	0.78	0.71	0.13	0.82
Accounts Payable	0.73	0.66	0.63	0.83	0.67	0.72	0.8	0.66		-0.02	0.71	-0.66	-0.02	0.97	0.02	0.78	0.4	0.66	0.75	-0.25	0.64	0.7	0.91	0.97	0.19	0.66
Cash	0.11	0.11	0.28	0.14	-0.31	0.0	-0.32	0.09	-0.02		0.11	0.45	1.0	-0.12	0.82	-0.34	-0.15	0.17	0.26	0.11	-0.25	0.16	-0.14	-0.01	0.23	0.02
Non Current Assets Total	1.0	0.99	0.96	0.9	0.33	0.99	0.41	0.99	0.71	0.11		-0.62	0.11	0.7	0.17	0.65	0.28	0.99	0.89	-0.15	0.14	0.99	0.8	0.74	0.17	0.79
Non Currrent Assets Other	-0.62	-0.62	-0.44	-0.48	-0.56	-0.69	-0.76	-0.62	-0.66	0.45	-0.62		0.45	-0.76	0.49	-0.95	-0.34	-0.58	-0.39	0.34	-0.39	-0.57	-0.84	-0.64	0.15	-0.61
Cash And Short Term Investments	0.1	0.1	0.28	0.14	-0.31	0.0	-0.32	0.09	-0.02	1.0	0.11	0.45		-0.12	0.82	-0.34	-0.15	0.16	0.26	0.11	-0.25	0.16	-0.14	-0.01	0.23	0.02
Net Receivables	0.72	0.65	0.59	0.76	0.78	0.72	0.89	0.66	0.97	-0.12	0.7	-0.76	-0.12		-0.06	0.88	0.39	0.64	0.68	-0.3	0.7	0.68	0.96	0.96	0.17	0.7
Good Will	0.16	0.16	0.38	0.21	-0.21	0.04	-0.32	0.15	0.02	0.82	0.17	0.49	0.82	-0.06		-0.36	-0.22	0.23	0.39	0.22	-0.16	0.23	-0.11	0.08	0.28	0.15
Common Stock Shares Outstanding	0.65	0.62	0.49	0.56	0.7	0.7	0.86	0.63	0.78	-0.34	0.65	-0.95	-0.34	0.88	-0.36		0.37	0.59	0.48	-0.39	0.52	0.6	0.91	0.75	-0.05	0.61
Short Term Investments	0.3	0.24	0.19	0.34	0.49	0.31	0.43	0.24	0.4	-0.15	0.28	-0.34	-0.15	0.39	-0.22	0.37		0.23	0.34	-0.86	0.48	0.25	0.34	0.36	-0.22	0.17
Non Current Liabilities Total	0.99	1.0	0.96	0.85	0.25	0.97	0.33	1.0	0.66	0.17	0.99	-0.58	0.16	0.64	0.23	0.59	0.23		0.89	-0.1	0.07	1.0	0.76	0.71	0.14	0.82
Inventory	0.9	0.87	0.88	0.9	0.32	0.85	0.37	0.87	0.75	0.26	0.89	-0.39	0.26	0.68	0.39	0.48	0.34	0.89		-0.17	0.25	0.91	0.69	0.78	0.17	0.73
Other Current Assets	-0.16	-0.1	-0.06	-0.19	-0.46	-0.19	-0.45	-0.1	-0.25	0.11	-0.15	0.34	0.11	-0.3	0.22	-0.39	-0.86	-0.1	-0.17		-0.42	-0.12	-0.26	-0.14	0.18	-0.06
Other Stockholder Equity	0.17	0.08	-0.01	0.32	0.91	0.17	0.86	0.08	0.64	-0.25	0.14	-0.39	-0.25	0.7	-0.16	0.52	0.48	0.07	0.25	-0.42		0.11	0.58	0.63	0.18	0.33
Total Liab	0.99	0.99	0.97	0.89	0.28	0.98	0.36	0.99	0.7	0.16	0.99	-0.57	0.16	0.68	0.23	0.6	0.25	1.0	0.91	-0.12	0.11		0.77	0.74	0.18	0.81
Property Plant And Equipment Gross	0.8	0.77	0.67	0.76	0.72	0.82	0.84	0.78	0.91	-0.14	0.8	-0.84	-0.14	0.96	-0.11	0.91	0.34	0.76	0.69	-0.26	0.58	0.77		0.92	0.18	0.82
Total Current Assets	0.76	0.71	0.67	0.81	0.68	0.74	0.76	0.71	0.97	-0.01	0.74	-0.64	-0.01	0.96	0.08	0.75	0.36	0.71	0.78	-0.14	0.63	0.74	0.92		0.18	0.74
Short Term Debt	0.17	0.14	0.23	0.36	0.3	0.14	0.08	0.13	0.19	0.23	0.17	0.15	0.23	0.17	0.28	-0.05	-0.22	0.14	0.17	0.18	0.18	0.18	0.18	0.18		0.16
Other Liab	0.79	0.82	0.71	0.63	0.42	0.79	0.49	0.82	0.66	0.02	0.79	-0.61	0.02	0.7	0.15	0.61	0.17	0.82	0.73	-0.06	0.33	0.81	0.82	0.74	0.16

Click cells to compare fundamentals

Energy Transfer Account Relationship Matchups

Energy Transfer fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	98.9B	95.1B	106.0B	105.6B	113.7B	60.0B
Short Long Term Debt Total	51.9B	52.3B	49.8B	49.1B	53.2B	30.0B
Other Current Liab	3.0B	3.4B	2.9B	2.9B	3.0B	1.9B
Total Current Liabilities	7.7B	5.9B	10.8B	10.4B	11.3B	5.7B
Total Stockholder Equity	(11M)	6M	23M	40.7B	43.9B	46.1B
Property Plant And Equipment Net	75.2B	76.0B	82.4B	81.1B	86.2B	43.5B
Current Deferred Revenue	123M	161M	346M	490M	552M	579.6M
Net Debt	51.6B	51.9B	49.5B	48.8B	53.1B	29.7B
Accounts Payable	4.1B	2.8B	6.8B	7.0B	6.7B	7.0B
Cash	419M	291M	367M	257M	161M	311.2M
Non Current Assets Total	91.0B	88.8B	95.4B	93.6B	101.3B	54.1B
Non Currrent Assets Other	(2.1B)	(1.8B)	(2.0B)	(2.1B)	(2.2B)	(2.1B)
Cash And Short Term Investments	419M	291M	367M	257M	161M	312.7M
Net Receivables	5.3B	4.0B	7.7B	8.6B	9.2B	9.7B
Good Will	5.2B	2.4B	2.5B	2.6B	4.0B	3.7B
Common Stock Shares Outstanding	2.6B	2.7B	2.7B	3.1B	3.2B	3.3B
Short Term Investments	23M	9M	10M	2.9B	66M	62.7M
Liabilities And Stockholders Equity	77.1B	76.6B	74.7B	72.6B	69.0B	50.6B
Non Current Liabilities Total	56.6B	57.1B	55B	54.1B	57.7B	33.4B
Inventory	1.9B	1.7B	2.0B	2.5B	2.5B	1.4B
Other Current Assets	298M	222M	447M	(11.3B)	308M	323.4M
Other Stockholder Equity	(21.9B)	(18.5B)	(23M)	40.6B	43.9B	46.1B
Total Liab	64.3B	63.0B	65.8B	64.5B	69.0B	39.1B
Property Plant And Equipment Gross	75.2B	76.5B	104.0B	106.0B	115.8B	121.5B
Total Current Assets	7.9B	6.3B	10.5B	12.1B	12.4B	13.1B
Accumulated Other Comprehensive Income	(11M)	6M	23M	16M	28M	29.4M
Short Term Debt	86M	74M	727M	47M	1.1B	1.1B
Other Liab	4.6B	4.8B	5.2B	5.1B	5.8B	6.1B
Other Assets	1.1B	4.7B	10.1B	10.7B	12.4B	13.0B
Long Term Debt	51.0B	51.4B	49.0B	48.3B	51.4B	31.1B
Intangible Assets	6.2B	5.7B	5.9B	5.4B	6.2B	3.9B
Common Stock	21.9B	18.5B	25.2B	27.0B	30.2B	31.7B
Property Plant Equipment	74.2B	75.1B	82.4B	80.3B	92.4B	97.0B
Net Tangible Assets	23.5B	20.1B	16.9B	26.3B	30.3B	31.8B
Noncontrolling Interest In Consolidated Entity	12.0B	12.9B	8.0B	7.6B	6.9B	12.0B
Long Term Debt Total	51.0B	51.4B	49.0B	48.3B	55.5B	38.9B
Deferred Long Term Liab	3.5B	3.7B	3.8B	3.7B	4.3B	3.7B
Long Term Investments	3.5B	3.1B	2.9B	2.9B	3.1B	3.4B
Non Current Liabilities Other	1.2B	1.2B	1.3B	1.3B	1.6B	1.2B

Pair Trading with Energy Transfer

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 Energy Transfer 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 Energy Transfer will appreciate offsetting losses from the drop in the long position's value.

Moving together with Energy Stock

0.84	AM	Antero Midstream Partners	Pair Corr
0.74	EE	Excelerate Energy	Pair Corr
0.66	DLNG	Dynagas LNG Partners Financial Report 18th of June 2024	Pair Corr

The ability to find closely correlated positions to Energy Transfer could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Energy Transfer 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 Energy Transfer - 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 Energy Transfer LP to buy it.

The correlation of Energy Transfer 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 Energy Transfer moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Energy Transfer LP 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 Energy Transfer 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

Additional Tools for Energy Stock Analysis

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

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