Altus Short Long Term Debt Total vs Other Current Liab Analysis

AIF Stock  CAD 60.80  1.11  1.86%   
Altus Group financial indicator trend analysis is way more than just evaluating Altus Group Limited prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Altus Group Limited is a good investment. Please check the relationship between Altus Group Short Long Term Debt Total and its Other Current Liab accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Altus Group Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Short Long Term Debt Total vs Other Current Liab

Short Long Term Debt Total vs Other Current Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Altus Group Limited Short Long Term Debt Total account and Other Current Liab. At this time, the significance of the direction appears to have strong relationship.
The correlation between Altus Group's Short Long Term Debt Total and Other Current Liab is 0.72. Overlapping area represents the amount of variation of Short Long Term Debt Total that can explain the historical movement of Other Current Liab in the same time period over historical financial statements of Altus Group Limited, assuming nothing else is changed. The correlation between historical values of Altus Group's Short Long Term Debt Total and Other Current Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Long Term Debt Total of Altus Group Limited are associated (or correlated) with its Other Current Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Liab has no effect on the direction of Short Long Term Debt Total i.e., Altus Group's Short Long Term Debt Total and Other Current Liab go up and down completely randomly.

Correlation Coefficient

0.72
Relationship DirectionPositive 
Relationship StrengthSignificant

Short Long Term Debt Total

Other Current Liab

Most indicators from Altus Group's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Altus Group Limited 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 Altus Group Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
At this time, Altus Group's Sales General And Administrative To Revenue is very stable compared to the past year. As of the 4th of December 2024, Enterprise Value Over EBITDA is likely to grow to 23.26, while Selling General Administrative is likely to drop about 291.6 M.
 2021 2022 2023 2024 (projected)
Gross Profit223.9M271.5M291.1M185.9M
Total Revenue625.4M735.5M772.8M390.5M

Altus Group fundamental ratios Correlations

0.910.890.780.980.83-0.80.591.00.150.590.980.680.580.88-0.650.970.950.00.850.830.320.62-0.05-0.280.95
0.910.720.730.80.98-0.750.370.920.110.370.880.480.30.92-0.610.980.810.020.710.750.070.540.17-0.230.91
0.890.720.770.910.62-0.720.680.870.150.680.890.710.680.68-0.540.830.90.090.820.770.480.63-0.41-0.40.82
0.780.730.770.760.63-0.740.650.750.070.650.830.630.530.47-0.460.770.830.60.710.680.370.76-0.12-0.320.8
0.980.80.910.760.71-0.770.650.960.130.650.960.730.670.8-0.630.90.95-0.010.860.810.40.61-0.17-0.260.9
0.830.980.620.630.71-0.650.180.860.10.180.790.350.160.91-0.570.930.69-0.010.60.66-0.080.40.24-0.180.84
-0.8-0.75-0.72-0.74-0.77-0.65-0.66-0.760.28-0.66-0.87-0.78-0.42-0.660.62-0.79-0.87-0.13-0.8-0.92-0.22-0.630.030.05-0.73
0.590.370.680.650.650.18-0.660.520.111.00.670.80.820.3-0.260.50.780.190.760.640.740.85-0.26-0.220.57
1.00.920.870.750.960.86-0.760.520.160.520.950.630.540.9-0.630.980.91-0.030.830.80.270.57-0.02-0.260.94
0.150.110.150.070.130.10.280.110.160.110.07-0.240.430.170.020.150.09-0.150.02-0.340.20.11-0.14-0.520.35
0.590.370.680.650.650.18-0.661.00.520.110.670.80.820.3-0.260.50.780.190.760.640.740.85-0.26-0.220.57
0.980.880.890.830.960.79-0.870.670.950.070.670.720.580.82-0.720.950.990.070.850.860.360.68-0.06-0.330.93
0.680.480.710.630.730.35-0.780.80.63-0.240.80.720.720.44-0.350.590.760.140.930.880.50.69-0.15-0.020.52
0.580.30.680.530.670.16-0.420.820.540.430.820.580.720.31-0.240.450.670.050.770.470.650.66-0.42-0.310.57
0.880.920.680.470.80.91-0.660.30.90.170.30.820.440.31-0.60.920.75-0.360.680.70.080.370.17-0.220.84
-0.65-0.61-0.54-0.46-0.63-0.570.62-0.26-0.630.02-0.26-0.72-0.35-0.24-0.6-0.63-0.650.08-0.41-0.52-0.05-0.22-0.060.37-0.64
0.970.980.830.770.90.93-0.790.50.980.150.50.950.590.450.92-0.630.90.00.80.80.220.60.07-0.290.95
0.950.810.90.830.950.69-0.870.780.910.090.780.990.760.670.75-0.650.90.090.870.850.470.75-0.13-0.320.91
0.00.020.090.6-0.01-0.01-0.130.19-0.03-0.150.190.070.140.05-0.360.080.00.090.050.050.110.38-0.09-0.060.07
0.850.710.820.710.860.6-0.80.760.830.020.760.850.930.770.68-0.410.80.870.050.890.420.71-0.13-0.10.75
0.830.750.770.680.810.66-0.920.640.8-0.340.640.860.880.470.7-0.520.80.850.050.890.30.62-0.01-0.020.67
0.320.070.480.370.4-0.08-0.220.740.270.20.740.360.50.650.08-0.050.220.470.110.420.30.67-0.21-0.420.29
0.620.540.630.760.610.4-0.630.850.570.110.850.680.690.660.37-0.220.60.750.380.710.620.67-0.11-0.190.67
-0.050.17-0.41-0.12-0.170.240.03-0.26-0.02-0.14-0.26-0.06-0.15-0.420.17-0.060.07-0.13-0.09-0.13-0.01-0.21-0.110.03-0.05
-0.28-0.23-0.4-0.32-0.26-0.180.05-0.22-0.26-0.52-0.22-0.33-0.02-0.31-0.220.37-0.29-0.32-0.06-0.1-0.02-0.42-0.190.03-0.37
0.950.910.820.80.90.84-0.730.570.940.350.570.930.520.570.84-0.640.950.910.070.750.670.290.67-0.05-0.37
Click cells to compare fundamentals

Altus Group Account Relationship Matchups

Altus Group fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets735.1M735.4M1.2B1.3B1.2B1.3B
Short Long Term Debt Total214.2M186.0M358.1M378.1M355.6M373.3M
Other Current Liab79.8M90.3M109.7M125.5M109.1M114.6M
Total Current Liabilities283.6M153.2M209.9M239.9M218.3M229.2M
Total Stockholder Equity359.7M383.4M589.5M599.9M602.5M632.7M
Net Debt154.0M116.4M306.8M322.9M313.7M329.3M
Retained Earnings(214.7M)(217.6M)(217.4M)(243.6M)(259.3M)(246.4M)
Cash60.3M69.6M51.3M55.3M41.9M25.6M
Non Current Assets Total489.1M466.8M915.5M944.0M912.1M957.7M
Non Currrent Assets Other9.7M10.2M18.5M25.5M18.6M10.9M
Cash And Short Term Investments60.3M69.6M51.3M55.3M41.9M25.7M
Net Receivables184.4M196.5M226.6M255.5M260.0M273.0M
Common Stock Total Equity479.2M491.5M509.6M529.9M609.3M316.7M
Common Stock Shares Outstanding38.8M40.1M41.2M42.9M45.9M30.2M
Liabilities And Stockholders Equity735.1M735.4M1.2B1.3B1.2B1.3B
Non Current Liabilities Total91.9M198.8M399.9M424.2M393.9M413.6M
Total Liab375.5M352.0M609.8M664.0M612.2M642.8M
Total Current Assets246.1M268.6M283.7M319.9M302.6M317.7M
Short Term Debt150.5M11.7M13.9M14.9M14.3M18.4M
Common Stock509.6M529.9M726.3M747.7M769.3M405.9M
Other Stockholder Equity24.4M30.4M42.4M48.6M50.1M32.4M
Property Plant And Equipment Net92.8M72.1M81.6M60.5M45.1M37.0M
Accounts Payable9.9M7.6M10.6M7.3M17.5M13.0M
Other Current Assets1.4M2.5M5.9M1.7M677K643.2K
Property Plant And Equipment Gross92.8M72.1M147.4M152.9M150.0M157.5M
Accumulated Other Comprehensive Income40.2M40.8M38.4M47.2M42.4M22.1M
Intangible Assets92.6M77.9M286.7M292.8M270.6M284.2M
Current Deferred Revenue38.9M42.4M73.0M90.1M72.6M76.2M
Good Will260.4M261.1M467.3M497.6M510.0M274.3M
Other Liab28.1M24.5M55.8M60.9M70.0M40.7M
Net Tangible Assets6.7M44.5M(164.5M)(190.5M)(171.5M)(162.9M)
Other Assets31.8M30.1M42.6M47.4M54.5M30.9M
Long Term Debt334K122.4M286.9M317.8M307.5M176.1M
Long Term Investments11.5M25.7M37.3M38.8M37.2M33.2M
Property Plant Equipment92.8M72.1M81.6M60.5M69.5M51.6M
Long Term Debt Total63.8M174.3M344.1M363.3M417.8M438.7M
Capital Surpluse24.4M30.4M42.4M48.6M55.9M30.1M

Pair Trading with Altus Group

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

Moving against Altus Stock

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The ability to find closely correlated positions to Altus Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Altus Group 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 Altus Group - 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 Altus Group Limited to buy it.
The correlation of Altus Group 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 Altus Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Altus Group Limited 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 Altus Group 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 CorrelationCorrelation Matching

Other Information on Investing in Altus Stock

Balance Sheet is a snapshot of the financial position of Altus Group Limited at a specified time, usually calculated after every quarter, six months, or one year. Altus Group Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Altus Group and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Altus currently owns. An asset can also be divided into two categories, current and non-current.