Element Common Stock Shares Outstanding vs Net Debt Analysis

EFN Stock

CAD 29.72 0.11 0.37%

Element Fleet financial indicator trend analysis is much more than just examining Element Fleet Management latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Element Fleet Management is a good investment. Please check the relationship between Element Fleet Common Stock Shares Outstanding and its Net Debt accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Element Fleet Management. 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.

Common Stock Shares Outstanding vs Net Debt

Common Stock Shares Outstanding vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Element Fleet Management Common Stock Shares Outstanding account and Net Debt. At this time, the significance of the direction appears to have strong relationship.

The correlation between Element Fleet's Common Stock Shares Outstanding and Net Debt is 0.77. Overlapping area represents the amount of variation of Common Stock Shares Outstanding that can explain the historical movement of Net Debt in the same time period over historical financial statements of Element Fleet Management, assuming nothing else is changed. The correlation between historical values of Element Fleet's Common Stock Shares Outstanding and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock Shares Outstanding of Element Fleet Management are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Common Stock Shares Outstanding i.e., Element Fleet's Common Stock Shares Outstanding and Net Debt go up and down completely randomly.

Correlation Coefficient

0.77

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Most indicators from Element Fleet's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Element Fleet Management 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 Element Fleet Management. 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, Element Fleet's Selling General Administrative is very stable compared to the past year. As of the 29th of November 2024, Tax Provision is likely to grow to about 110.4 M, while Discontinued Operations is likely to drop about 151.9 M.

	2021	2022	2023	2024 (projected)
Interest Expense	3.6M	3.8M	585.5M	614.7M
Depreciation And Amortization	1.0B	1.1B	572.5M	800.0M

Interest Expense Depreciation And Amortization

Element Fleet fundamental ratios Correlations

	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	Cash And Short Term Investments	Net Receivables	Non Current Liabilities Total	Other Current Assets	Total Liab	Total Current Assets	Common Stock	Common Stock Shares Outstanding	Other Stockholder Equity	Property Plant And Equipment Gross	Short Term Debt	Non Currrent Assets Other	Other Assets	Good Will	Common Stock Total Equity
Total Assets		0.96	-0.51	0.68	0.99	0.82	0.97	0.24	0.57	0.0	0.92	0.0	0.97	0.7	0.27	1.0	0.97	0.96	0.84	0.39	0.65	0.83	-0.47	0.54	0.93	0.95
Short Long Term Debt Total	0.96		-0.67	0.75	0.93	0.71	0.99	0.15	0.38	-0.09	0.81	-0.09	0.97	0.56	0.32	0.96	0.97	0.9	0.71	0.47	0.51	0.83	-0.62	0.48	0.83	0.85
Other Current Liab	-0.51	-0.67		-0.54	-0.44	-0.06	-0.62	0.1	0.37	0.19	-0.19	0.19	-0.6	-0.09	-0.23	-0.52	-0.61	-0.4	-0.1	-0.53	0.22	-0.59	0.71	-0.02	-0.22	-0.28
Total Current Liabilities	0.68	0.75	-0.54		0.71	0.6	0.65	0.36	0.2	-0.02	0.57	-0.02	0.74	0.03	-0.1	0.67	0.63	0.67	0.35	0.17	0.46	0.74	-0.87	0.62	0.49	0.65
Total Stockholder Equity	0.99	0.93	-0.44	0.71		0.84	0.94	0.25	0.62	0.01	0.94	0.01	0.96	0.68	0.21	0.98	0.95	0.99	0.87	0.36	0.7	0.82	-0.46	0.55	0.93	0.98
Property Plant And Equipment Net	0.82	0.71	-0.06	0.6	0.84		0.72	0.44	0.85	0.16	0.9	0.16	0.74	0.63	0.09	0.8	0.71	0.83	0.75	0.09	0.96	0.69	-0.26	0.74	0.83	0.88
Net Debt	0.97	0.99	-0.62	0.65	0.94	0.72		0.13	0.43	-0.08	0.83	-0.08	0.96	0.65	0.41	0.98	0.99	0.91	0.77	0.44	0.52	0.8	-0.51	0.44	0.87	0.86
Retained Earnings	0.24	0.15	0.1	0.36	0.25	0.44	0.13		0.38	0.34	0.23	0.34	0.18	0.01	-0.38	0.24	0.14	0.16	0.16	-0.44	0.53	0.39	-0.21	0.72	0.24	0.24
Accounts Payable	0.57	0.38	0.37	0.2	0.62	0.85	0.43	0.38		0.12	0.77	0.12	0.46	0.7	0.02	0.55	0.45	0.64	0.79	0.02	0.92	0.34	0.23	0.57	0.76	0.72
Cash	0.0	-0.09	0.19	-0.02	0.01	0.16	-0.08	0.34	0.12		0.09	1.0	-0.08	0.04	-0.17	0.0	-0.07	-0.02	-0.02	-0.44	0.22	0.04	0.02	0.17	-0.01	0.03
Non Current Assets Total	0.92	0.81	-0.19	0.57	0.94	0.9	0.83	0.23	0.77	0.09		0.09	0.83	0.78	0.21	0.91	0.83	0.93	0.89	0.27	0.82	0.72	-0.26	0.52	0.95	0.97
Cash And Short Term Investments	0.0	-0.09	0.19	-0.02	0.01	0.16	-0.08	0.34	0.12	1.0	0.09		-0.08	0.04	-0.17	0.0	-0.07	-0.02	-0.02	-0.44	0.22	0.04	0.02	0.17	-0.01	0.03
Net Receivables	0.97	0.97	-0.6	0.74	0.96	0.74	0.96	0.18	0.46	-0.08	0.83	-0.08		0.57	0.17	0.97	0.97	0.94	0.79	0.51	0.55	0.8	-0.58	0.51	0.86	0.89
Non Current Liabilities Total	0.7	0.56	-0.09	0.03	0.68	0.63	0.65	0.01	0.7	0.04	0.78	0.04	0.57		0.42	0.7	0.68	0.7	0.83	0.31	0.57	0.46	0.26	0.13	0.82	0.73
Other Current Assets	0.27	0.32	-0.23	-0.1	0.21	0.09	0.41	-0.38	0.02	-0.17	0.21	-0.17	0.17	0.42		0.29	0.34	0.21	0.19	0.03	0.01	0.13	0.09	-0.13	0.25	0.18
Total Liab	1.0	0.96	-0.52	0.67	0.98	0.8	0.98	0.24	0.55	0.0	0.91	0.0	0.97	0.7	0.29		0.98	0.95	0.83	0.4	0.64	0.83	-0.47	0.53	0.92	0.93
Total Current Assets	0.97	0.97	-0.61	0.63	0.95	0.71	0.99	0.14	0.45	-0.07	0.83	-0.07	0.97	0.68	0.34	0.98		0.93	0.81	0.47	0.52	0.8	-0.46	0.41	0.88	0.88
Common Stock	0.96	0.9	-0.4	0.67	0.99	0.83	0.91	0.16	0.64	-0.02	0.93	-0.02	0.94	0.7	0.21	0.95	0.93		0.89	0.39	0.69	0.78	-0.4	0.49	0.92	0.98
Common Stock Shares Outstanding	0.84	0.71	-0.1	0.35	0.87	0.75	0.77	0.16	0.79	-0.02	0.89	-0.02	0.79	0.83	0.19	0.83	0.81	0.89		0.38	0.69	0.57	-0.02	0.38	0.96	0.9
Other Stockholder Equity	0.39	0.47	-0.53	0.17	0.36	0.09	0.44	-0.44	0.02	-0.44	0.27	-0.44	0.51	0.31	0.03	0.4	0.47	0.39	0.38		-0.11	0.19	-0.19	-0.14	0.35	0.3
Property Plant And Equipment Gross	0.65	0.51	0.22	0.46	0.7	0.96	0.52	0.53	0.92	0.22	0.82	0.22	0.55	0.57	0.01	0.64	0.52	0.69	0.69	-0.11		0.54	-0.07	0.75	0.74	0.78
Short Term Debt	0.83	0.83	-0.59	0.74	0.82	0.69	0.8	0.39	0.34	0.04	0.72	0.04	0.8	0.46	0.13	0.83	0.8	0.78	0.57	0.19	0.54		-0.6	0.57	0.69	0.77
Non Currrent Assets Other	-0.47	-0.62	0.71	-0.87	-0.46	-0.26	-0.51	-0.21	0.23	0.02	-0.26	0.02	-0.58	0.26	0.09	-0.47	-0.46	-0.4	-0.02	-0.19	-0.07	-0.6		-0.44	-0.18	-0.34
Other Assets	0.54	0.48	-0.02	0.62	0.55	0.74	0.44	0.72	0.57	0.17	0.52	0.17	0.51	0.13	-0.13	0.53	0.41	0.49	0.38	-0.14	0.75	0.57	-0.44		0.46	0.56
Good Will	0.93	0.83	-0.22	0.49	0.93	0.83	0.87	0.24	0.76	-0.01	0.95	-0.01	0.86	0.82	0.25	0.92	0.88	0.92	0.96	0.35	0.74	0.69	-0.18	0.46		0.94
Common Stock Total Equity	0.95	0.85	-0.28	0.65	0.98	0.88	0.86	0.24	0.72	0.03	0.97	0.03	0.89	0.73	0.18	0.93	0.88	0.98	0.9	0.3	0.78	0.77	-0.34	0.56	0.94

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Element Fleet Account Relationship Matchups

Element Fleet fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	17.4B	15.0B	13.0B	14.3B	16.5B	12.7B
Short Long Term Debt Total	14.4B	11.6B	8.3B	9.4B	8.1B	9.8B
Other Current Liab	(1.7B)	(1.6B)	1.2B	1.5B	1.2B	1.3B
Total Current Liabilities	924.9M	1.1B	1.2B	1.9B	1.2B	1.3B
Total Stockholder Equity	3.8B	3.8B	3.5B	3.7B	3.9B	3.0B
Property Plant And Equipment Net	2.2B	2.3B	2.4B	2.9B	3.6B	3.8B
Net Debt	12.6B	10.0B	8.2B	8.9B	8.0B	8.9B
Retained Earnings	(217.9M)	(64.1M)	(22.5M)	129.3M	320.9M	336.9M
Accounts Payable	924.9M	1.1B	1.1B	1.3B	1.5B	1.6B
Cash	24.2M	8.8M	45.3M	68.9M	96.3M	48.4M
Non Current Assets Total	4.8B	4.8B	4.9B	5.5B	6.2B	3.5B
Cash And Short Term Investments	24.2M	8.8M	45.3M	68.9M	96.3M	48.4M
Net Receivables	12.2B	9.8B	7.6B	8.3B	7.4B	7.9B
Liabilities And Stockholders Equity	17.4B	15.0B	13.0B	14.3B	16.5B	12.7B
Non Current Liabilities Total	12.7B	10.1B	8.3B	8.8B	12.6B	6.7B
Other Current Assets	434.1M	389.0M	400.9M	433.3M	253.9M	241.2M
Total Liab	13.6B	11.2B	9.5B	10.7B	12.6B	9.7B
Total Current Assets	12.7B	10.2B	8.1B	8.8B	7.8B	8.6B
Common Stock	3.1B	3.2B	3.0B	2.9B	2.8B	2.4B
Common Stock Shares Outstanding	435.5M	453.8M	439.5M	413.3M	405.2M	346.4M
Other Stockholder Equity	256.7M	222.8M	13.8M	13.8M	1.0	0.95
Property Plant And Equipment Gross	2.2B	2.3B	3.5B	4.3B	5.4B	5.6B
Accumulated Other Comprehensive Income	94.1M	44.5M	(3.8M)	304.7M	477.9M	501.8M
Short Term Debt	1.7B	1.6B	2.8B	387.0M	3.0B	2.0B
Non Currrent Assets Other	41.4M	53.6M	26.3M	131.9M	413.8M	434.5M
Other Assets	441.0M	444.1M	417.7M	798.8M	2.5B	2.7B
Good Will	1.2B	1.2B	1.2B	1.3B	1.3B	1.0B
Common Stock Total Equity	2.8B	3.1B	3.1B	3.2B	3.7B	2.6B
Intangible Assets	793.3M	814.4M	830.0M	864.6M	846.0M	692.1M
Other Liab	48.2M	57.8M	89.3M	132.5M	152.4M	160.0M
Net Tangible Assets	1.1B	1.2B	888.1M	1.2B	1.0B	1.1B
Long Term Debt	12.6B	10.0B	8.2B	9.0B	10.8B	12.0B
Short Long Term Debt	339.7M	1.7B	1.6B	387.0M	348.3M	330.9M
Property Plant Equipment	2.2B	2.3B	2.4B	2.9B	3.3B	2.3B
Long Term Debt Total	12.7B	10.0B	8.3B	9.0B	8.1B	10.0B
Net Invested Capital	15.7B	13.3B	11.1B	12.3B	14.4B	11.5B
Net Working Capital	11.7B	9.1B	6.9B	6.9B	8.7B	8.0B

Pair Trading with Element Fleet

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

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

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

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

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Element Common Stock Shares Outstanding vs Net Debt Analysis

Common Stock Shares Outstanding vs Net Debt

Common Stock Shares Outstanding vs Net Debt Correlation Analysis

Correlation Coefficient

Common Stock Shares Outstanding

Net Debt

Element Fleet fundamental ratios Correlations

Element Fleet Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Element Fleet fundamental ratios Accounts

Pair Trading with Element Fleet

Other Information on Investing in Element Stock

COMMON DESTINATIONS

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COMPANY

Total Liab	+ 1.0	Total Assets
Cash And Short Term Investments	+ 1.0	Cash
Total Stockholder Equity	+ 0.99	Total Assets
Net Debt	+ 0.99	Short Long Term Debt Total
Common Stock	+ 0.99	Total Stockholder Equity
Total Current Assets	+ 0.99	Net Debt

Non Currrent Assets Other	- 0.87	Total Current Liabilities
Other Current Liab	- 0.67	Short Long Term Debt Total
Net Debt	- 0.62	Other Current Liab
Non Currrent Assets Other	- 0.62	Short Long Term Debt Total
Total Current Assets	- 0.61	Other Current Liab
Non Currrent Assets Other	- 0.6	Short Term Debt