Avangrid Cash Flow To Debt Ratio vs Free Cash Flow Yield Analysis

AGR Stock

USD 35.60 0.04 0.11%

Avangrid financial indicator trend analysis is way more than just evaluating Avangrid prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Avangrid is a good investment. Please check the relationship between Avangrid Cash Flow To Debt Ratio and its Free Cash Flow Yield accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Avangrid. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

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

Cash Flow To Debt Ratio vs Free Cash Flow Yield

Cash Flow To Debt Ratio vs Free Cash Flow Yield Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Avangrid Cash Flow To Debt Ratio account and Free Cash Flow Yield. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Avangrid's Cash Flow To Debt Ratio and Free Cash Flow Yield is 0.5. Overlapping area represents the amount of variation of Cash Flow To Debt Ratio that can explain the historical movement of Free Cash Flow Yield in the same time period over historical financial statements of Avangrid, assuming nothing else is changed. The correlation between historical values of Avangrid's Cash Flow To Debt Ratio and Free Cash Flow Yield is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash Flow To Debt Ratio of Avangrid are associated (or correlated) with its Free Cash Flow Yield. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow Yield has no effect on the direction of Cash Flow To Debt Ratio i.e., Avangrid's Cash Flow To Debt Ratio and Free Cash Flow Yield go up and down completely randomly.

Correlation Coefficient

0.5

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Cash Flow To Debt Ratio

Free Cash Flow Yield

A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.

Most indicators from Avangrid's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Avangrid 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Avangrid. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

To learn how to invest in Avangrid Stock, please use our How to Invest in Avangrid guide.At this time, Avangrid's Selling General Administrative is relatively stable compared to the past year. As of 12/13/2024, Enterprise Value is likely to grow to about 25.9 B, though Tax Provision is likely to grow to (8.6 M).

	2021	2022	2023	2024 (projected)
Gross Profit	2.5B	2.6B	2.8B	2.9B
Total Revenue	7.0B	7.9B	8.3B	8.7B

Gross Profit Total Revenue

Avangrid fundamental ratios Correlations

	Common Stock Shares Outstanding	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 Total Equity	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock	Current Deferred Revenue
Common Stock Shares Outstanding		0.87	0.81	0.87	0.84	0.87	0.87	0.79	0.86	0.87	0.28	0.87	0.54	0.26	0.88	-0.6	0.86	0.79	0.74	0.85	0.86	0.86	0.84	0.65	-0.6	0.5
Total Assets	0.87		0.94	0.96	0.95	0.99	1.0	0.91	1.0	0.98	0.37	1.0	0.63	0.35	0.98	-0.86	0.99	0.9	0.77	0.99	1.0	0.97	0.95	0.78	-0.86	0.52
Short Long Term Debt Total	0.81	0.94		0.91	0.95	0.9	0.95	0.99	0.92	0.95	0.41	0.93	0.43	0.4	0.92	-0.73	0.94	0.83	0.88	0.89	0.95	0.93	0.93	0.84	-0.73	0.68
Other Current Liab	0.87	0.96	0.91		0.97	0.96	0.96	0.9	0.96	0.95	0.21	0.96	0.7	0.17	0.96	-0.81	0.93	0.9	0.84	0.95	0.95	0.96	0.89	0.84	-0.81	0.65
Total Current Liabilities	0.84	0.95	0.95	0.97		0.94	0.97	0.96	0.95	0.97	0.18	0.95	0.61	0.15	0.96	-0.78	0.92	0.89	0.88	0.93	0.95	0.96	0.87	0.91	-0.78	0.71
Total Stockholder Equity	0.87	0.99	0.9	0.96	0.94		0.99	0.87	0.99	0.97	0.35	0.99	0.67	0.32	0.97	-0.88	0.98	0.9	0.74	1.0	0.98	0.97	0.93	0.75	-0.88	0.48
Property Plant And Equipment Net	0.87	1.0	0.95	0.96	0.97	0.99		0.92	0.99	0.99	0.36	1.0	0.61	0.33	0.98	-0.86	0.99	0.9	0.79	0.99	0.99	0.97	0.94	0.8	-0.85	0.55
Net Debt	0.79	0.91	0.99	0.9	0.96	0.87	0.92		0.9	0.94	0.32	0.91	0.43	0.31	0.91	-0.7	0.91	0.84	0.91	0.86	0.93	0.92	0.89	0.88	-0.69	0.75
Retained Earnings	0.86	1.0	0.92	0.96	0.95	0.99	0.99	0.9		0.97	0.33	1.0	0.66	0.3	0.97	-0.88	0.99	0.89	0.74	0.99	0.99	0.96	0.92	0.78	-0.88	0.5
Accounts Payable	0.87	0.98	0.95	0.95	0.97	0.97	0.99	0.94	0.97		0.33	0.98	0.57	0.3	0.99	-0.81	0.96	0.91	0.83	0.97	0.98	0.98	0.93	0.8	-0.81	0.58
Cash	0.28	0.37	0.41	0.21	0.18	0.35	0.36	0.32	0.33	0.33		0.35	-0.25	0.99	0.26	-0.31	0.44	0.18	0.19	0.35	0.39	0.32	0.59	-0.07	-0.31	-0.08
Non Current Assets Total	0.87	1.0	0.93	0.96	0.95	0.99	1.0	0.91	1.0	0.98	0.35		0.64	0.33	0.98	-0.87	0.99	0.9	0.76	0.99	0.99	0.97	0.94	0.78	-0.87	0.52
Non Currrent Assets Other	0.54	0.63	0.43	0.7	0.61	0.67	0.61	0.43	0.66	0.57	-0.25	0.64		-0.27	0.66	-0.66	0.58	0.71	0.41	0.67	0.59	0.62	0.47	0.53	-0.66	0.35
Cash And Short Term Investments	0.26	0.35	0.4	0.17	0.15	0.32	0.33	0.31	0.3	0.3	0.99	0.33	-0.27		0.24	-0.3	0.43	0.14	0.16	0.32	0.37	0.28	0.57	-0.1	-0.3	-0.12
Net Receivables	0.88	0.98	0.92	0.96	0.96	0.97	0.98	0.91	0.97	0.99	0.26	0.98	0.66	0.24		-0.79	0.96	0.94	0.83	0.97	0.97	0.98	0.93	0.79	-0.79	0.58
Common Stock Total Equity	-0.6	-0.86	-0.73	-0.81	-0.78	-0.88	-0.86	-0.7	-0.88	-0.81	-0.31	-0.87	-0.66	-0.3	-0.79		-0.85	-0.71	-0.48	-0.9	-0.85	-0.79	-0.76	-0.63	1.0	-0.25
Non Current Liabilities Total	0.86	0.99	0.94	0.93	0.92	0.98	0.99	0.91	0.99	0.96	0.44	0.99	0.58	0.43	0.96	-0.85		0.86	0.73	0.97	1.0	0.94	0.96	0.74	-0.85	0.48
Inventory	0.79	0.9	0.83	0.9	0.89	0.9	0.9	0.84	0.89	0.91	0.18	0.9	0.71	0.14	0.94	-0.71	0.86		0.82	0.9	0.88	0.95	0.86	0.73	-0.71	0.64
Other Current Assets	0.74	0.77	0.88	0.84	0.88	0.74	0.79	0.91	0.74	0.83	0.19	0.76	0.41	0.16	0.83	-0.48	0.73	0.82		0.72	0.77	0.87	0.79	0.82	-0.48	0.89
Other Stockholder Equity	0.85	0.99	0.89	0.95	0.93	1.0	0.99	0.86	0.99	0.97	0.35	0.99	0.67	0.32	0.97	-0.9	0.97	0.9	0.72		0.98	0.96	0.93	0.74	-0.89	0.47
Total Liab	0.86	1.0	0.95	0.95	0.95	0.98	0.99	0.93	0.99	0.98	0.39	0.99	0.59	0.37	0.97	-0.85	1.0	0.88	0.77	0.98		0.95	0.95	0.79	-0.85	0.53
Property Plant And Equipment Gross	0.86	0.97	0.93	0.96	0.96	0.97	0.97	0.92	0.96	0.98	0.32	0.97	0.62	0.28	0.98	-0.79	0.94	0.95	0.87	0.96	0.95		0.94	0.8	-0.79	0.65
Total Current Assets	0.84	0.95	0.93	0.89	0.87	0.93	0.94	0.89	0.92	0.93	0.59	0.94	0.47	0.57	0.93	-0.76	0.96	0.86	0.79	0.93	0.95	0.94		0.65	-0.76	0.51
Short Term Debt	0.65	0.78	0.84	0.84	0.91	0.75	0.8	0.88	0.78	0.8	-0.07	0.78	0.53	-0.1	0.79	-0.63	0.74	0.73	0.82	0.74	0.79	0.8	0.65		-0.63	0.83
Common Stock	-0.6	-0.86	-0.73	-0.81	-0.78	-0.88	-0.85	-0.69	-0.88	-0.81	-0.31	-0.87	-0.66	-0.3	-0.79	1.0	-0.85	-0.71	-0.48	-0.89	-0.85	-0.79	-0.76	-0.63		-0.25
Current Deferred Revenue	0.5	0.52	0.68	0.65	0.71	0.48	0.55	0.75	0.5	0.58	-0.08	0.52	0.35	-0.12	0.58	-0.25	0.48	0.64	0.89	0.47	0.53	0.65	0.51	0.83	-0.25

Click cells to compare fundamentals

Avangrid Account Relationship Matchups

Avangrid fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	309.5M	309.6M	358.6M	387.2M	387.2M	406.5M
Total Assets	34.4B	37.8B	39.5B	41.1B	44.0B	46.2B
Short Long Term Debt Total	8.1B	11.3B	8.6B	9.4B	12.2B	12.8B
Other Current Liab	711M	708M	870M	1.0B	1.2B	1.3B
Total Current Liabilities	3.6B	3.1B	3.3B	4.4B	5.2B	5.5B
Total Stockholder Equity	15.2B	15.2B	19.1B	19.4B	19.6B	20.6B
Property Plant And Equipment Net	25.3B	26.9B	29.0B	31.2B	33.1B	34.7B
Net Debt	7.9B	9.8B	7.1B	9.3B	12.1B	12.7B
Retained Earnings	1.7B	1.7B	1.7B	1.9B	2.0B	2.1B
Accounts Payable	1.4B	1.5B	1.6B	2.0B	1.9B	2.0B
Cash	36M	178M	1.5B	1.5B	69M	175.5M
Non Current Assets Total	32.4B	34.0B	35.7B	37.9B	40.6B	42.6B
Non Currrent Assets Other	311M	331M	374M	2.5B	2.9B	3.1B
Cash And Short Term Investments	36M	178M	1.8B	1.5B	69M	86.5M
Net Receivables	1.1B	1.2B	1.3B	1.7B	1.6B	1.7B
Liabilities And Stockholders Equity	34.4B	37.8B	39.5B	41.1B	44.0B	46.2B
Non Current Liabilities Total	15.2B	18.9B	16.2B	16.4B	18.1B	19.0B
Inventory	251M	262M	343M	503M	495M	519.8M
Other Current Assets	300M	553M	680M	893M	1.2B	1.3B
Total Liab	18.8B	22.0B	19.5B	20.8B	23.3B	24.5B
Property Plant And Equipment Gross	25.2B	26.9B	39.6B	42.7B	45.5B	47.8B
Total Current Assets	2.0B	2.0B	3.8B	3.2B	3.4B	3.6B
Accumulated Other Comprehensive Income	(95M)	(111M)	(273M)	(180M)	(25M)	(26.3M)
Short Term Debt	1.3B	636M	549M	1B	2.0B	2.1B
Current Deferred Revenue	140M	141M	204M	271M	806M	846.3M
Intangible Assets	314M	305M	293M	281M	284M	319.3M
Other Liab	8.4B	8.2B	8.1B	7.9B	9.1B	8.8B
Net Tangible Assets	11.8B	15.2B	19.1B	19.4B	22.3B	14.9B
Other Assets	2.8B	3.9B	2.5B	2.7B	2.4B	2.4B
Long Term Debt	6.7B	7.5B	7.9B	8.2B	10.0B	6.9B
Deferred Long Term Liab	2.6B	2.6B	2.3B	2.3B	2.1B	2.1B
Long Term Investments	708M	736M	621M	486M	764M	593.8M
Short Long Term Debt	1.3B	620M	533M	980M	2.0B	2.1B
Property Plant Equipment	25.4B	26.8B	28.9B	31.0B	35.6B	24.2B
Noncontrolling Interest In Consolidated Entity	349M	617M	885M	962M	865.8M	822.5M

Pair Trading with Avangrid

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

Moving against Avangrid Stock

0.62	EBR	Centrais Electricas	Pair Corr
0.6	CMS-PC	CMS Energy	Pair Corr
0.54	CMS-PB	Consumers Energy	Pair Corr
0.48	ED	Consolidated Edison Sell-off Trend	Pair Corr
0.47	ES	Eversource Energy	Pair Corr

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

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

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

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