Finning Capex To Depreciation vs Pb Ratio Analysis
FTT Stock | CAD 37.68 0.42 1.13% |
Finning International financial indicator trend analysis is much more than just examining Finning International latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Finning International is a good investment. Please check the relationship between Finning International Capex To Depreciation and its Pb Ratio accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Finning International. 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.
Capex To Depreciation vs Pb Ratio
Capex To Depreciation vs Pb Ratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Finning International Capex To Depreciation account and Pb Ratio. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Finning International's Capex To Depreciation and Pb Ratio is 0.56. Overlapping area represents the amount of variation of Capex To Depreciation that can explain the historical movement of Pb Ratio in the same time period over historical financial statements of Finning International, assuming nothing else is changed. The correlation between historical values of Finning International's Capex To Depreciation and Pb Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capex To Depreciation of Finning International are associated (or correlated) with its Pb Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Pb Ratio has no effect on the direction of Capex To Depreciation i.e., Finning International's Capex To Depreciation and Pb Ratio go up and down completely randomly.
Correlation Coefficient | 0.56 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Capex To Depreciation
The ratio of a company's capital expenditures to its depreciation expenses, indicating how much the company is investing in physical assets relative to the aging of existing assets.Pb Ratio
Most indicators from Finning International's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Finning International 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 Finning International. 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, Finning International's Tax Provision is very stable compared to the past year. As of the 29th of November 2024, Enterprise Value Over EBITDA is likely to grow to 6.81, while Selling General Administrative is likely to drop about 1.1 B.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 1.8B | 2.2B | 2.6B | 1.6B | Total Revenue | 7.3B | 9.3B | 10.5B | 5.6B |
Finning International fundamental ratios Correlations
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Finning International Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Finning International fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 6.0B | 5.5B | 6.0B | 7.3B | 7.6B | 4.5B | |
Short Long Term Debt Total | 2.0B | 1.7B | 1.8B | 2.3B | 2.7B | 1.5B | |
Other Current Liab | 61M | 58M | 68M | 73M | 89M | 54.8M | |
Total Current Liabilities | 2.0B | 1.6B | 2.2B | 3.4B | 3.5B | 3.7B | |
Total Stockholder Equity | 2.1B | 2.2B | 2.3B | 2.4B | 2.5B | 1.6B | |
Property Plant And Equipment Net | 1.4B | 1.3B | 1.3B | 1.4B | 1.6B | 1.1B | |
Net Debt | 1.7B | 1.2B | 1.3B | 2.0B | 2.5B | 1.3B | |
Retained Earnings | 1.3B | 1.4B | 1.6B | 1.6B | 1.8B | 1.1B | |
Accounts Payable | 1.1B | 761M | 908M | 1.4B | 1.3B | 935.9M | |
Non Current Assets Total | 2.3B | 2.2B | 2.4B | 2.5B | 2.6B | 1.8B | |
Non Currrent Assets Other | 127M | 179M | 239M | 139M | 162M | 146.6M | |
Net Receivables | 1.3B | 1.1B | 1.2B | 1.8B | 1.7B | 973.2M | |
Common Stock Shares Outstanding | 163.5M | 162.3M | 161.6M | 155.1M | 147.7M | 181.7M | |
Liabilities And Stockholders Equity | 6.0B | 5.5B | 6.0B | 7.3B | 7.6B | 4.5B | |
Non Current Liabilities Total | 1.8B | 1.6B | 1.5B | 1.4B | 1.5B | 1.2B | |
Inventory | 2.0B | 1.5B | 1.7B | 2.5B | 2.8B | 1.5B | |
Other Current Assets | 101M | 91M | 203M | 273M | 245M | 137.5M | |
Total Liab | 3.9B | 3.3B | 3.6B | 4.8B | 5.0B | 2.9B | |
Property Plant And Equipment Gross | 1.4B | 1.3B | 2.6B | 2.8B | 3.0B | 3.2B | |
Total Current Assets | 3.7B | 3.2B | 3.6B | 4.8B | 4.9B | 2.8B | |
Accumulated Other Comprehensive Income | 228M | 218M | 212M | 273M | 220M | 231M | |
Short Term Debt | 510M | 375M | 651M | 1.3B | 1.5B | 1.6B | |
Cash | 268M | 539M | 502M | 288M | 152M | 288.2M | |
Cash And Short Term Investments | 268M | 539M | 502M | 354M | 177M | 294.1M | |
Current Deferred Revenue | 360M | 374M | 428M | 544M | 507M | 383.6M | |
Good Will | 204M | 205M | 237M | 325M | 329M | 203.6M | |
Intangible Assets | 421M | 422M | 406M | 433M | 409M | 251.3M | |
Other Liab | 258M | 306M | 311M | 337M | 387.6M | 301.9M | |
Net Tangible Assets | 1.5B | 1.6B | 1.7B | 1.7B | 1.9B | 1.8B | |
Other Assets | 172M | 230M | 265M | 296M | 340.4M | 212.2M | |
Long Term Debt | 1.3B | 1.1B | 921M | 815M | 949M | 987.6M | |
Long Term Investments | 87M | 94M | 85M | 84M | 99M | 99.1M | |
Short Long Term Debt | 426M | 293M | 564M | 1.2B | 1.4B | 1.5B | |
Property Plant Equipment | 1.4B | 1.3B | 1.3B | 1.4B | 1.7B | 1.3B | |
Short Term Investments | 26M | 24M | 36M | 66M | 25M | 25.5M | |
Long Term Debt Total | 1.6B | 1.3B | 1.2B | 1.1B | 963M | 1.1B | |
Capital Lease Obligations | 273M | 298M | 328M | 331M | 309M | 223.7M |
Pair Trading with Finning International
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 Finning International 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 Finning International will appreciate offsetting losses from the drop in the long position's value.Moving against Finning Stock
The ability to find closely correlated positions to Finning International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Finning International 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 Finning International - 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 Finning International to buy it.
The correlation of Finning International 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 Finning International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Finning International 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 Finning International 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 Finning Stock
Balance Sheet is a snapshot of the financial position of Finning International at a specified time, usually calculated after every quarter, six months, or one year. Finning International Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Finning International 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 Finning currently owns. An asset can also be divided into two categories, current and non-current.