EFXT Stock | | | USD 6.68 0.07 1.06% |
Enerflex financial indicator trend analysis is much more than just examining Enerflex latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Enerflex is a good investment. Please check the relationship between Enerflex Other Current Liab and its Total Stockholder Equity accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Enerflex. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in interest.
For more information on how to buy Enerflex Stock please use our
How to Invest in Enerflex guide.
Other Current Liab vs Total Stockholder Equity
Other Current Liab vs Total Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Enerflex Other Current Liab account and
Total Stockholder Equity. At this time, the significance of the direction appears to have strong relationship.
The correlation between Enerflex's Other Current Liab and Total Stockholder Equity is 0.62. Overlapping area represents the amount of variation of Other Current Liab that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of Enerflex, assuming nothing else is changed. The correlation between historical values of Enerflex's Other Current Liab and Total Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Liab of Enerflex are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Other Current Liab i.e., Enerflex's Other Current Liab and Total Stockholder Equity go up and down completely randomly.
Correlation Coefficient | 0.62 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Other Current Liab
Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.
Most indicators from Enerflex's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Enerflex 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 Enerflex. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in interest.
For more information on how to buy Enerflex Stock please use our
How to Invest in Enerflex guide.At this time, Enerflex's
Enterprise Value Over EBITDA is comparatively stable compared to the past year.
Enterprise Value Multiple is likely to gain to 5.55 in 2024, whereas
Tax Provision is likely to drop slightly above 29.6
M in 2024.
Enerflex fundamental ratios Correlations
Click cells to compare fundamentals
Enerflex Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Enerflex fundamental ratios Accounts
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Additional Tools for Enerflex Stock Analysis
When running Enerflex's price analysis, check to
measure Enerflex'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 Enerflex is operating at the current time. Most of Enerflex's value examination focuses on studying past and present price action to
predict the probability of Enerflex's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Enerflex's price. Additionally, you may evaluate how the addition of Enerflex to your portfolios can decrease your overall portfolio volatility.