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 DirectionPositive 
Relationship StrengthWeak

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 Profit1.8B2.2B2.6B1.6B
Total Revenue7.3B9.3B10.5B5.6B

Finning International fundamental ratios Correlations

0.940.30.650.950.940.790.960.860.950.20.97-0.330.690.940.340.160.980.640.980.410.260.320.850.060.77
0.940.330.720.830.930.930.870.740.920.190.89-0.470.530.920.410.180.960.710.90.590.060.120.790.260.7
0.30.330.280.130.20.480.20.340.30.340.350.130.080.38-0.28-0.330.380.080.280.18-0.49-0.490.42-0.30.32
0.650.720.280.460.660.780.570.640.670.280.63-0.160.080.660.460.380.710.910.60.92-0.2-0.150.780.340.49
0.950.830.130.460.910.580.970.760.910.170.9-0.240.820.810.250.140.880.550.920.210.520.570.73-0.040.73
0.940.930.20.660.910.780.940.690.980.110.86-0.310.680.820.330.140.910.730.860.50.270.320.780.170.84
0.790.930.480.780.580.780.670.650.780.170.76-0.50.250.860.440.180.860.70.750.73-0.32-0.260.720.390.61
0.960.870.20.570.970.940.670.750.950.170.91-0.310.720.830.340.140.90.660.910.360.390.430.760.090.82
0.860.740.340.640.760.690.650.750.720.220.93-0.10.570.890.230.150.880.490.910.330.10.150.82-0.160.56
0.950.920.30.670.910.980.780.950.720.250.89-0.310.650.820.280.050.930.70.870.490.240.290.830.130.86
0.20.190.340.280.170.110.170.170.220.250.2-0.02-0.090.1-0.17-0.060.210.220.170.210.010.00.36-0.11-0.06
0.970.890.350.630.90.860.760.910.930.890.2-0.280.660.940.30.110.970.580.980.370.20.260.83-0.010.72
-0.33-0.470.13-0.16-0.24-0.31-0.5-0.31-0.1-0.31-0.02-0.280.13-0.36-0.7-0.2-0.37-0.26-0.33-0.30.150.11-0.15-0.78-0.22
0.690.530.080.080.820.680.250.720.570.65-0.090.660.130.57-0.19-0.140.590.140.68-0.20.640.650.4-0.450.56
0.940.920.380.660.810.820.860.830.890.820.10.94-0.360.570.40.250.970.570.960.450.020.080.830.070.64
0.340.41-0.280.460.250.330.440.340.230.28-0.170.3-0.7-0.190.40.720.370.580.360.53-0.09-0.030.320.780.21
0.160.18-0.330.380.140.140.180.140.150.05-0.060.11-0.2-0.140.250.720.160.470.220.40.040.090.230.38-0.16
0.980.960.380.710.880.910.860.90.880.930.210.97-0.370.590.970.370.160.650.970.490.110.160.880.110.75
0.640.710.080.910.550.730.70.660.490.70.220.58-0.260.140.570.580.470.650.570.880.010.070.650.480.51
0.980.90.280.60.920.860.750.910.910.870.170.98-0.330.680.960.360.220.970.570.340.260.320.820.010.67
0.410.590.180.920.210.50.730.360.330.490.210.37-0.3-0.20.450.530.40.490.880.34-0.37-0.320.540.590.33
0.260.06-0.49-0.20.520.27-0.320.390.10.240.010.20.150.640.02-0.090.040.110.010.26-0.370.990.05-0.320.13
0.320.12-0.49-0.150.570.32-0.260.430.150.290.00.260.110.650.08-0.030.090.160.070.32-0.320.990.1-0.260.15
0.850.790.420.780.730.780.720.760.820.830.360.83-0.150.40.830.320.230.880.650.820.540.050.10.00.69
0.060.26-0.30.34-0.040.170.390.09-0.160.13-0.11-0.01-0.78-0.450.070.780.380.110.480.010.59-0.32-0.260.00.11
0.770.70.320.490.730.840.610.820.560.86-0.060.72-0.220.560.640.21-0.160.750.510.670.330.130.150.690.11
Click cells to compare fundamentals

Finning International Account Relationship Matchups

Finning International fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets6.0B5.5B6.0B7.3B7.6B4.5B
Short Long Term Debt Total2.0B1.7B1.8B2.3B2.7B1.5B
Other Current Liab61M58M68M73M89M54.8M
Total Current Liabilities2.0B1.6B2.2B3.4B3.5B3.7B
Total Stockholder Equity2.1B2.2B2.3B2.4B2.5B1.6B
Property Plant And Equipment Net1.4B1.3B1.3B1.4B1.6B1.1B
Net Debt1.7B1.2B1.3B2.0B2.5B1.3B
Retained Earnings1.3B1.4B1.6B1.6B1.8B1.1B
Accounts Payable1.1B761M908M1.4B1.3B935.9M
Non Current Assets Total2.3B2.2B2.4B2.5B2.6B1.8B
Non Currrent Assets Other127M179M239M139M162M146.6M
Net Receivables1.3B1.1B1.2B1.8B1.7B973.2M
Common Stock Shares Outstanding163.5M162.3M161.6M155.1M147.7M181.7M
Liabilities And Stockholders Equity6.0B5.5B6.0B7.3B7.6B4.5B
Non Current Liabilities Total1.8B1.6B1.5B1.4B1.5B1.2B
Inventory2.0B1.5B1.7B2.5B2.8B1.5B
Other Current Assets101M91M203M273M245M137.5M
Total Liab3.9B3.3B3.6B4.8B5.0B2.9B
Property Plant And Equipment Gross1.4B1.3B2.6B2.8B3.0B3.2B
Total Current Assets3.7B3.2B3.6B4.8B4.9B2.8B
Accumulated Other Comprehensive Income228M218M212M273M220M231M
Short Term Debt510M375M651M1.3B1.5B1.6B
Cash268M539M502M288M152M288.2M
Cash And Short Term Investments268M539M502M354M177M294.1M
Current Deferred Revenue360M374M428M544M507M383.6M
Good Will204M205M237M325M329M203.6M
Intangible Assets421M422M406M433M409M251.3M
Other Liab258M306M311M337M387.6M301.9M
Net Tangible Assets1.5B1.6B1.7B1.7B1.9B1.8B
Other Assets172M230M265M296M340.4M212.2M
Long Term Debt1.3B1.1B921M815M949M987.6M
Long Term Investments87M94M85M84M99M99.1M
Short Long Term Debt426M293M564M1.2B1.4B1.5B
Property Plant Equipment1.4B1.3B1.3B1.4B1.7B1.3B
Short Term Investments26M24M36M66M25M25.5M
Long Term Debt Total1.6B1.3B1.2B1.1B963M1.1B
Capital Lease Obligations273M298M328M331M309M223.7M

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

  0.46BRK Berkshire Hathaway CDRPairCorr
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.
Pair CorrelationCorrelation Matching

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.