SNC Intangible Assets vs Property Plant And Equipment Net Analysis
ATRL Stock | 75.24 0.03 0.04% |
SNC Lavalin financial indicator trend analysis is much more than just breaking down SNC Lavalin Group prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether SNC Lavalin Group is a good investment. Please check the relationship between SNC Lavalin Intangible Assets and its Property Plant And Equipment Net accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in SNC Lavalin Group. 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.
Intangible Assets vs Property Plant And Equipment Net
Intangible Assets vs Property Plant And Equipment Net Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of SNC Lavalin Group Intangible Assets account and Property Plant And Equipment Net. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between SNC Lavalin's Intangible Assets and Property Plant And Equipment Net is -0.27. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Property Plant And Equipment Net in the same time period over historical financial statements of SNC Lavalin Group, assuming nothing else is changed. The correlation between historical values of SNC Lavalin's Intangible Assets and Property Plant And Equipment Net is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Intangible Assets of SNC Lavalin Group are associated (or correlated) with its Property Plant And Equipment Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Net has no effect on the direction of Intangible Assets i.e., SNC Lavalin's Intangible Assets and Property Plant And Equipment Net go up and down completely randomly.
Correlation Coefficient | -0.27 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Intangible Assets
Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.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.Most indicators from SNC Lavalin's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into SNC Lavalin Group 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 SNC Lavalin Group. 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, SNC Lavalin's Selling General Administrative is very stable compared to the past year. As of the 30th of December 2024, Enterprise Value Over EBITDA is likely to grow to 13.11, while Tax Provision is likely to drop (33.5 M).
2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 7.4B | 7.5B | 8.5B | 6.4B | Depreciation And Amortization | 271.3M | 251.5M | 247.7M | 161.0M |
SNC Lavalin fundamental ratios Correlations
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SNC Lavalin Account Relationship Matchups
High Positive Relationship
High Negative Relationship
SNC Lavalin fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 11.6B | 10.3B | 9.9B | 9.5B | 10.2B | 7.7B | |
Short Long Term Debt Total | 2.7B | 2.5B | 2.2B | 2.5B | 2.4B | 1.9B | |
Other Current Liab | 960.1M | 1.4B | 1.3B | 748.6M | 836.1M | 764.5M | |
Total Current Liabilities | 4.5B | 4.3B | 4.0B | 3.9B | 4.8B | 3.3B | |
Total Stockholder Equity | 3.7B | 2.6B | 3.0B | 2.9B | 3.2B | 2.0B | |
Property Plant And Equipment Net | 909.4M | 722.7M | 689.1M | 622.3M | 587.2M | 557.8M | |
Net Debt | 1.5B | 1.6B | 1.6B | 1.9B | 1.9B | 1.1B | |
Retained Earnings | 1.6B | 478.4M | 1.5B | 1.4B | 1.7B | 1.2B | |
Accounts Payable | 2.2B | 1.7B | 1.7B | 1.7B | 1.8B | 1.6B | |
Cash | 1.2B | 932.9M | 608.4M | 570.3M | 479.5M | 885.7M | |
Non Current Assets Total | 6.5B | 6.3B | 6.2B | 6.1B | 6.1B | 4.3B | |
Non Currrent Assets Other | 453.0M | 478.4M | 565.2M | 473.6M | 130.7M | 124.1M | |
Cash And Short Term Investments | 1.3B | 1.1B | 680.2M | 645.1M | 486.6M | 462.3M | |
Net Receivables | 3.5B | 2.5B | 2.4B | 2.5B | 3.3B | 3.4B | |
Liabilities And Stockholders Equity | 11.6B | 10.3B | 9.9B | 9.5B | 10.2B | 7.7B | |
Non Current Liabilities Total | 3.4B | 3.5B | 2.9B | 2.6B | 2.2B | 2.3B | |
Inventory | 84.9M | 16.1M | 17.0M | 17.4M | 20.4M | 19.4M | |
Other Current Assets | 220.9M | 253.3M | 515.3M | 99.0M | 285.7M | 452.0M | |
Total Liab | 7.9B | 7.8B | 6.9B | 6.6B | 7.0B | 5.6B | |
Total Current Assets | 5.2B | 4.1B | 3.6B | 3.4B | 4.1B | 3.4B | |
Short Term Debt | 524.3M | 303.6M | 202.2M | 634.9M | 862.7M | 905.9M | |
Intangible Assets | 665.6M | 544.1M | 445.7M | 345.5M | 270.1M | 353.4M | |
Short Term Investments | 125.4M | 150.2M | 71.8M | 74.8M | 7.1M | 6.8M | |
Current Deferred Revenue | 890.0M | 837.0M | 838.2M | 846.8M | 1.3B | 853.5M | |
Accumulated Other Comprehensive Income | 354.1M | 274.1M | (333.3M) | (340.2M) | (293.5M) | (278.9M) | |
Good Will | 3.4B | 3.4B | 3.4B | 3.4B | 3.3B | 2.5B |
Pair Trading with SNC Lavalin
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 SNC Lavalin 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 SNC Lavalin will appreciate offsetting losses from the drop in the long position's value.Moving together with SNC Stock
Moving against SNC Stock
The ability to find closely correlated positions to SNC Lavalin could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SNC Lavalin 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 SNC Lavalin - 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 SNC Lavalin Group to buy it.
The correlation of SNC Lavalin 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 SNC Lavalin moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SNC Lavalin Group 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 SNC Lavalin 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.Other Information on Investing in SNC Stock
Balance Sheet is a snapshot of the financial position of SNC Lavalin Group at a specified time, usually calculated after every quarter, six months, or one year. SNC Lavalin Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of SNC Lavalin 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 SNC currently owns. An asset can also be divided into two categories, current and non-current.