Cogeco Total Stockholder Equity vs Non Current Liabilities Total Analysis

CCA Stock

CAD 70.00 3.17 4.74%

Cogeco Communications financial indicator trend analysis is way more than just evaluating Cogeco Communications prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cogeco Communications is a good investment. Please check the relationship between Cogeco Communications Total Stockholder Equity and its Non Current Liabilities Total accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cogeco Communications. 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.

Total Stockholder Equity vs Non Current Liabilities Total

Total Stockholder Equity vs Non Current Liabilities Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cogeco Communications Total Stockholder Equity account and Non Current Liabilities Total. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Cogeco Communications' Total Stockholder Equity and Non Current Liabilities Total is 0.94. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Non Current Liabilities Total in the same time period over historical financial statements of Cogeco Communications, assuming nothing else is changed. The correlation between historical values of Cogeco Communications' Total Stockholder Equity and Non Current Liabilities Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Stockholder Equity of Cogeco Communications are associated (or correlated) with its Non Current Liabilities Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Total has no effect on the direction of Total Stockholder Equity i.e., Cogeco Communications' Total Stockholder Equity and Non Current Liabilities Total go up and down completely randomly.

Correlation Coefficient

0.94

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

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.

Non Current Liabilities Total

Most indicators from Cogeco Communications' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cogeco Communications 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 Cogeco Communications. 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, Cogeco Communications' Tax Provision is very stable compared to the past year. As of the 30th of November 2024, Discontinued Operations is likely to grow to about 91 M, while Selling General Administrative is likely to drop about 19.9 M.

	2021	2022	2023	2024 (projected)
Gross Profit	2.1B	932.4M	2.5B	2.6B
Total Revenue	2.9B	3.0B	3.0B	1.6B

Gross Profit Total Revenue

Cogeco Communications fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	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 Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Other Current Liab	Current Deferred Revenue	Short Term Debt	Good Will	Intangible Assets	Common Stock
Total Assets		0.98	0.64	0.98	0.98	0.97	0.93	0.68	0.31	1.0	0.56	0.29	0.6	0.43	0.98	0.6	-0.6	0.99	0.87	0.46	0.61	0.21	0.66	0.85	0.88	-0.71
Short Long Term Debt Total	0.98		0.63	0.94	0.97	0.99	0.88	0.69	0.21	0.99	0.55	0.2	0.66	0.4	1.0	0.61	-0.57	1.0	0.83	0.37	0.54	0.15	0.65	0.88	0.87	-0.68
Total Current Liabilities	0.64	0.63		0.62	0.66	0.61	0.54	0.84	0.22	0.63	0.37	0.23	0.59	0.42	0.6	0.7	-0.56	0.67	0.59	0.41	0.68	0.62	0.74	0.71	0.66	-0.29
Total Stockholder Equity	0.98	0.94	0.62		0.96	0.9	0.96	0.63	0.4	0.97	0.57	0.38	0.52	0.42	0.94	0.58	-0.59	0.95	0.88	0.54	0.63	0.22	0.65	0.79	0.86	-0.73
Property Plant And Equipment Net	0.98	0.97	0.66	0.96		0.96	0.9	0.72	0.2	0.99	0.62	0.19	0.63	0.45	0.97	0.56	-0.65	0.98	0.9	0.37	0.57	0.18	0.69	0.79	0.82	-0.76
Net Debt	0.97	0.99	0.61	0.9	0.96		0.85	0.69	0.09	0.98	0.59	0.08	0.66	0.37	0.98	0.59	-0.57	0.99	0.83	0.26	0.5	0.1	0.67	0.86	0.83	-0.71
Retained Earnings	0.93	0.88	0.54	0.96	0.9	0.85		0.45	0.37	0.93	0.65	0.35	0.33	0.18	0.88	0.53	-0.37	0.88	0.93	0.5	0.66	0.16	0.68	0.75	0.83	-0.81
Accounts Payable	0.68	0.69	0.84	0.63	0.72	0.69	0.45		0.17	0.68	0.2	0.19	0.85	0.68	0.7	0.54	-0.79	0.73	0.49	0.34	0.45	0.41	0.45	0.73	0.68	-0.2
Cash	0.31	0.21	0.22	0.4	0.2	0.09	0.37	0.17		0.25	-0.27	1.0	0.04	0.26	0.24	0.29	-0.15	0.23	0.17	0.95	0.43	0.42	-0.06	0.3	0.44	0.11
Non Current Assets Total	1.0	0.99	0.63	0.97	0.99	0.98	0.93	0.68	0.25		0.6	0.23	0.6	0.41	0.99	0.58	-0.6	0.99	0.88	0.41	0.58	0.17	0.67	0.84	0.87	-0.73
Non Currrent Assets Other	0.56	0.55	0.37	0.57	0.62	0.59	0.65	0.2	-0.27	0.6		-0.28	0.02	-0.11	0.5	0.15	-0.16	0.54	0.73	-0.19	0.29	-0.15	0.81	0.3	0.34	-0.87
Cash And Short Term Investments	0.29	0.2	0.23	0.38	0.19	0.08	0.35	0.19	1.0	0.23	-0.28		0.04	0.27	0.23	0.28	-0.16	0.22	0.15	0.95	0.41	0.42	-0.06	0.28	0.42	0.12
Net Receivables	0.6	0.66	0.59	0.52	0.63	0.66	0.33	0.85	0.04	0.6	0.02	0.04		0.64	0.67	0.63	-0.72	0.67	0.34	0.2	0.2	0.12	0.26	0.7	0.6	-0.13
Common Stock Shares Outstanding	0.43	0.4	0.42	0.42	0.45	0.37	0.18	0.68	0.26	0.41	-0.11	0.27	0.64		0.44	0.25	-0.93	0.46	0.1	0.39	0.08	0.32	0.11	0.27	0.27	0.06
Non Current Liabilities Total	0.98	1.0	0.6	0.94	0.97	0.98	0.88	0.7	0.24	0.99	0.5	0.23	0.67	0.44		0.58	-0.61	0.99	0.82	0.4	0.53	0.15	0.59	0.87	0.88	-0.66
Other Current Assets	0.6	0.61	0.7	0.58	0.56	0.59	0.53	0.54	0.29	0.58	0.15	0.28	0.63	0.25	0.58		-0.37	0.61	0.47	0.45	0.46	0.25	0.58	0.75	0.65	-0.25
Other Stockholder Equity	-0.6	-0.57	-0.56	-0.59	-0.65	-0.57	-0.37	-0.79	-0.15	-0.6	-0.16	-0.16	-0.72	-0.93	-0.61	-0.37		-0.63	-0.32	-0.31	-0.17	-0.22	-0.33	-0.43	-0.44	0.19
Total Liab	0.99	1.0	0.67	0.95	0.98	0.99	0.88	0.73	0.23	0.99	0.54	0.22	0.67	0.46	0.99	0.61	-0.63		0.84	0.4	0.56	0.2	0.66	0.86	0.86	-0.67
Property Plant And Equipment Gross	0.87	0.83	0.59	0.88	0.9	0.83	0.93	0.49	0.17	0.88	0.73	0.15	0.34	0.1	0.82	0.47	-0.32	0.84		0.33	0.72	0.21	0.75	0.67	0.72	-0.89
Total Current Assets	0.46	0.37	0.41	0.54	0.37	0.26	0.5	0.34	0.95	0.41	-0.19	0.95	0.2	0.39	0.4	0.45	-0.31	0.4	0.33		0.58	0.56	0.12	0.44	0.55	-0.01
Other Current Liab	0.61	0.54	0.68	0.63	0.57	0.5	0.66	0.45	0.43	0.58	0.29	0.41	0.2	0.08	0.53	0.46	-0.17	0.56	0.72	0.58		0.75	0.53	0.61	0.67	-0.39
Current Deferred Revenue	0.21	0.15	0.62	0.22	0.18	0.1	0.16	0.41	0.42	0.17	-0.15	0.42	0.12	0.32	0.15	0.25	-0.22	0.2	0.21	0.56	0.75		0.27	0.27	0.27	0.15
Short Term Debt	0.66	0.65	0.74	0.65	0.69	0.67	0.68	0.45	-0.06	0.67	0.81	-0.06	0.26	0.11	0.59	0.58	-0.33	0.66	0.75	0.12	0.53	0.27		0.51	0.47	-0.71
Good Will	0.85	0.88	0.71	0.79	0.79	0.86	0.75	0.73	0.3	0.84	0.3	0.28	0.7	0.27	0.87	0.75	-0.43	0.86	0.67	0.44	0.61	0.27	0.51		0.95	-0.4
Intangible Assets	0.88	0.87	0.66	0.86	0.82	0.83	0.83	0.68	0.44	0.87	0.34	0.42	0.6	0.27	0.88	0.65	-0.44	0.86	0.72	0.55	0.67	0.27	0.47	0.95		-0.44
Common Stock	-0.71	-0.68	-0.29	-0.73	-0.76	-0.71	-0.81	-0.2	0.11	-0.73	-0.87	0.12	-0.13	0.06	-0.66	-0.25	0.19	-0.67	-0.89	-0.01	-0.39	0.15	-0.71	-0.4	-0.44

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Cogeco Communications Account Relationship Matchups

Cogeco Communications fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	6.8B	7.4B	9.3B	9.8B	9.7B	10.2B
Short Long Term Debt Total	3.1B	3.3B	4.7B	5.0B	4.8B	5.1B
Total Current Liabilities	373.0M	751.7M	987.1M	509.9M	863.0M	442.4M
Total Stockholder Equity	2.3B	2.4B	2.8B	3.0B	3.0B	3.1B
Property Plant And Equipment Net	2.1B	2.4B	3.0B	3.2B	3.3B	3.5B
Net Debt	2.8B	2.9B	4.3B	4.7B	4.7B	5.0B
Retained Earnings	1.3B	1.5B	1.7B	1.9B	2.0B	2.1B
Accounts Payable	211.1M	270.5M	380.5M	319.2M	359.7M	237.3M
Cash	366.5M	365.5M	370.9M	362.9M	76.3M	72.5M
Non Current Assets Total	6.3B	6.7B	8.8B	9.2B	9.4B	9.9B
Non Currrent Assets Other	3.0M	15.3M	67.0M	2.0M	127.7M	134.1M
Cash And Short Term Investments	366.5M	365.5M	370.9M	362.9M	76.3M	72.5M
Net Receivables	86.3M	84.4M	114.9M	146.3M	126.0M	86.4M
Common Stock Shares Outstanding	48.9M	47.8M	46.6M	44.9M	42.8M	48.1M
Liabilities And Stockholders Equity	6.8B	7.4B	9.3B	9.8B	9.7B	10.2B
Non Current Liabilities Total	3.8B	3.8B	5.1B	5.8B	5.3B	5.6B
Other Current Assets	29.3M	33.8M	42.2M	47.2M	43.3M	21.8M
Other Stockholder Equity	16.3M	16.9M	20.0M	19.9M	(15.1M)	(14.3M)
Total Liab	4.2B	4.5B	6.1B	6.3B	6.2B	6.5B
Property Plant And Equipment Gross	2.1B	6.2B	7.3B	7.8B	8.2B	8.6B
Total Current Assets	482.1M	654.1M	528.0M	556.4M	245.6M	246.3M
Accumulated Other Comprehensive Income	(7.1M)	(18.0M)	129.6M	175.9M	142.1M	149.2M
Other Current Liab	40.6M	245.6M	219.7M	126.1M	118.0M	64.4M
Current Deferred Revenue	47.2M	227.7M	191.8M	29.3M	8.7M	8.3M
Short Term Debt	34.3M	229.8M	347.7M	64.2M	376.2M	395.0M
Good Will	1.4B	1.5B	2.0B	2.1B	2.1B	1.2B
Intangible Assets	2.8B	2.7B	3.6B	3.7B	3.8B	2.3B
Common Stock	985.0M	958.3M	931.0M	896.4M	854.8M	780.4M
Other Liab	625.1M	702.4M	746.8M	767.9M	883.1M	704.3M
Net Tangible Assets	(2.0B)	(1.9B)	(1.8B)	(2.8B)	(2.5B)	(2.6B)
Other Assets	51.8M	110.6M	169.1M	202.8M	233.2M	244.9M
Long Term Debt	3.1B	3.0B	4.3B	4.9B	4.4B	3.8B
Deferred Long Term Liab	39.5M	44.6M	45.9M	66.4M	76.4M	80.2M
Short Long Term Debt	32.6M	225.8M	342.5M	57.6M	367.0M	385.4M
Property Plant Equipment	2.1B	2.4B	3.0B	3.2B	3.7B	2.5B
Long Term Debt Total	3.1B	3.0B	4.3B	5.0B	5.7B	3.8B
Cash And Equivalents	366.5M	549.1M	65.7M	29.3M	33.7M	32.0M

Pair Trading with Cogeco Communications

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

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

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

Other Information on Investing in Cogeco Stock

Balance Sheet is a snapshot of the financial position of Cogeco Communications at a specified time, usually calculated after every quarter, six months, or one year. Cogeco Communications Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Cogeco Communications 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 Cogeco currently owns. An asset can also be divided into two categories, current and non-current.

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Cogeco Total Stockholder Equity vs Non Current Liabilities Total Analysis

Total Stockholder Equity vs Non Current Liabilities Total

Total Stockholder Equity vs Non Current Liabilities Total Correlation Analysis

Correlation Coefficient

Total Stockholder Equity

Non Current Liabilities Total

Cogeco Communications fundamental ratios Correlations

Cogeco Communications Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Cogeco Communications fundamental ratios Accounts

Pair Trading with Cogeco Communications

Other Information on Investing in Cogeco Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Total Liab	+ 1.0	Short Long Term Debt Total
Cash And Short Term Investments	+ 1.0	Cash
Total Liab	+ 0.99	Total Assets
Net Debt	+ 0.99	Short Long Term Debt Total

Other Stockholder Equity	- 0.93	Common Stock Shares Outstanding
Common Stock	- 0.89	Property Plant And Equipment Gross
Common Stock	- 0.87	Non Currrent Assets Other
Common Stock	- 0.81	Retained Earnings
Other Stockholder Equity	- 0.79	Accounts Payable
Common Stock	- 0.76	Property Plant And Equipment Net