Energy Property Plant And Equipment Net vs Cash And Short Term Investments 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 Property Plant And Equipment Net and its Cash And Short Term Investments 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.
Property Plant And Equipment Net vs Cash And Short Term Investments
Property Plant And Equipment Net vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Energy Transfer LP Property Plant And Equipment Net account and Cash And Short Term Investments. At this time, the significance of the direction appears to have no relationship.
The correlation between Energy Transfer's Property Plant And Equipment Net and Cash And Short Term Investments is 0.0. Overlapping area represents the amount of variation of Property Plant And Equipment Net that can explain the historical movement of Cash And Short Term Investments 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 Property Plant And Equipment Net and Cash 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 Property Plant And Equipment Net of Energy Transfer LP are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Property Plant And Equipment Net i.e., Energy Transfer's Property Plant And Equipment Net and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.0 |
Relationship Direction | Flat |
Relationship Strength | Insignificant |
Property Plant And Equipment Net
The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Energy Transfer LP balance sheet. This account contains Energy Transfer investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Energy Transfer LP fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.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 |
Energy Transfer fundamental ratios Correlations
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Energy Transfer Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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 | PairCorr |
0.74 | EE | Excelerate Energy | PairCorr |
0.66 | DLNG | Dynagas LNG Partners Financial Report 18th of June 2024 | PairCorr |
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.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.