GDI Accounts Payable vs Common Stock Total Equity Analysis

GDI Stock  CAD 36.21  0.10  0.28%   
GDI Integrated financial indicator trend analysis is much more than just examining GDI Integrated latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether GDI Integrated is a good investment. Please check the relationship between GDI Integrated Accounts Payable and its Common Stock Total Equity accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GDI Integrated. 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.

Accounts Payable vs Common Stock Total Equity

Accounts Payable vs Common Stock Total Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of GDI Integrated Accounts Payable account and Common Stock Total Equity. At this time, the significance of the direction appears to have strong relationship.
The correlation between GDI Integrated's Accounts Payable and Common Stock Total Equity is 0.77. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Common Stock Total Equity in the same time period over historical financial statements of GDI Integrated, assuming nothing else is changed. The correlation between historical values of GDI Integrated's Accounts Payable and Common Stock Total Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of GDI Integrated are associated (or correlated) with its Common Stock Total Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Total Equity has no effect on the direction of Accounts Payable i.e., GDI Integrated's Accounts Payable and Common Stock Total Equity go up and down completely randomly.

Correlation Coefficient

0.77
Relationship DirectionPositive 
Relationship StrengthSignificant

Accounts Payable

An accounting item on the balance sheet that represents GDI Integrated obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of GDI Integrated are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.

Common Stock Total Equity

The total value of common stock equity held by shareholders, representing their ownership interest in the company.
Most indicators from GDI Integrated's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into GDI Integrated 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GDI Integrated. 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, GDI Integrated's Tax Provision is very stable compared to the past year. As of the 2nd of December 2024, Issuance Of Capital Stock is likely to grow to about 3 M, while Selling General Administrative is likely to drop about 5.7 M.
 2023 2024 (projected)
Tax Provision10M13.1M
Minority Interest88.1M82.4M

GDI Integrated fundamental ratios Correlations

1.00.990.990.920.870.990.321.00.491.00.790.880.72-0.361.00.951.00.540.820.660.480.770.650.670.96
1.00.981.00.920.880.990.340.990.511.00.770.860.71-0.341.00.971.00.560.80.670.460.790.650.660.97
0.990.980.990.870.850.980.260.990.410.980.840.930.78-0.390.980.910.980.50.860.60.540.720.720.690.92
0.991.00.990.910.870.980.330.990.50.990.790.880.71-0.340.990.950.990.570.820.620.480.760.70.670.95
0.920.920.870.910.760.930.260.90.440.930.670.720.54-0.370.930.930.920.610.70.750.430.850.410.480.95
0.870.880.850.870.760.870.640.840.710.880.470.660.58-0.360.870.880.890.240.490.470.110.730.540.840.85
0.990.990.980.980.930.870.320.990.51.00.770.860.69-0.341.00.961.00.540.790.710.460.80.590.650.96
0.320.340.260.330.260.640.320.280.930.32-0.140.020.01-0.160.350.480.35-0.03-0.150.12-0.370.160.080.640.35
1.00.990.990.990.90.840.990.280.450.990.830.910.74-0.380.990.930.980.550.860.640.530.730.680.680.93
0.490.510.410.50.440.710.50.930.450.490.080.150.1-0.010.520.650.520.290.060.32-0.180.340.170.620.55
1.01.00.980.990.930.881.00.320.990.490.770.860.7-0.341.00.961.00.530.790.680.450.810.620.640.96
0.790.770.840.790.670.470.77-0.140.830.080.770.910.74-0.320.760.630.750.680.990.470.850.450.760.440.68
0.880.860.930.880.720.660.860.020.910.150.860.910.8-0.420.850.710.850.440.940.510.690.510.780.640.74
0.720.710.780.710.540.580.690.010.740.10.70.740.8-0.330.680.580.690.280.760.390.550.490.730.490.62
-0.36-0.34-0.39-0.34-0.37-0.36-0.34-0.16-0.38-0.01-0.34-0.32-0.42-0.33-0.34-0.27-0.33-0.02-0.32-0.14-0.2-0.18-0.26-0.48-0.28
1.01.00.980.990.930.871.00.350.990.521.00.760.850.68-0.340.971.00.560.790.690.450.790.610.650.97
0.950.970.910.950.930.880.960.480.930.650.960.630.710.58-0.270.970.970.570.650.730.310.830.490.610.98
1.01.00.980.990.920.891.00.350.980.521.00.750.850.69-0.331.00.970.520.770.670.430.810.620.650.97
0.540.560.50.570.610.240.54-0.030.550.290.530.680.440.28-0.020.560.570.520.670.460.610.410.410.10.61
0.820.80.860.820.70.490.79-0.150.860.060.790.990.940.76-0.320.790.650.770.670.490.840.470.760.440.71
0.660.670.60.620.750.470.710.120.640.320.680.470.510.39-0.140.690.730.670.460.490.290.650.040.170.71
0.480.460.540.480.430.110.46-0.370.53-0.180.450.850.690.55-0.20.450.310.430.610.840.290.150.570.130.4
0.770.790.720.760.850.730.80.160.730.340.810.450.510.49-0.180.790.830.810.410.470.650.150.30.320.86
0.650.650.720.70.410.540.590.080.680.170.620.760.780.73-0.260.610.490.620.410.760.040.570.30.590.51
0.670.660.690.670.480.840.650.640.680.620.640.440.640.49-0.480.650.610.650.10.440.170.130.320.590.54
0.960.970.920.950.950.850.960.350.930.550.960.680.740.62-0.280.970.980.970.610.710.710.40.860.510.54
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GDI Integrated Account Relationship Matchups

GDI Integrated fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets637.7M750.0M1.1B1.2B1.3B1.4B
Total Current Liabilities192.9M238.9M356.9M397M416M436.8M
Total Stockholder Equity261.0M339.1M391.0M439M455M477.8M
Property Plant And Equipment Net70.5M83.7M117.3M122M127M133.4M
Net Debt176.2M169.9M305.5M391M417M437.9M
Retained Earnings(78.8M)(30.8M)12.6M49M68M71.4M
Accounts Payable137.6M131.9M236.5M286M298M312.9M
Cash3.8M3.4M24.3M7M17M15.0M
Non Current Assets Total342.6M395.1M570.3M614M626M657.3M
Cash And Short Term Investments3.8M3.4M36.7M18M30M17.7M
Net Receivables270.4M312.0M435M531M582M611.1M
Common Stock Shares Outstanding21.7M22.6M23.6M23.7M23.7M24.9M
Liabilities And Stockholders Equity637.7M750.0M1.1B1.2B1.3B1.4B
Other Current Assets5.1M17.5M9M12M13.8M14.5M
Other Stockholder Equity6.1M6.4M6M4M2M1.9M
Total Liab376.8M410.9M693.6M781M837M878.9M
Property Plant And Equipment Gross70.5M83.7M236.2M257M281M295.1M
Total Current Assets295.2M354.9M514.3M606M666M699.3M
Accumulated Other Comprehensive Income2.1M(201K)1.2M7M5M5.3M
Intangible Assets91.6M94.5M142.9M139M131M69.6M
Common Stock329.7M363.7M371.3M379M380M310.3M
Non Currrent Assets Other2.9M1.07.7M9M12M12.6M
Short Term Debt15.3M22.9M6.0M53M50M52.5M
Other Current Liab39.1M67.6M41.5M26M32M16.5M
Current Deferred Revenue17.6M19.3M43.1M30M34M17.1M
Inventory15.9M21.9M34.2M45M42M44.1M
Short Long Term Debt Total180.0M173.4M329.9M398M434M236.8M
Other Liab19.2M21.4M37.9M39M35.1M24.0M
Net Tangible Assets(8.0M)31.2M(53.8M)(44M)(50.6M)(53.1M)
Other Assets3.0M3.5M8.3M9M8.1M5.9M
Long Term Debt164.7M150.5M298.9M345M384M214.1M
Good Will177.5M213.4M301.9M344M356M225.2M
Non Current Liabilities Total183.9M171.9M336.7M384M421M247.6M
Short Long Term Debt15.3M22.9M31.0M53M50M26.2M
Property Plant Equipment70.5M83.7M117.3M122M140.3M147.3M
Long Term Debt Total164.7M150.5M298.9M345M396.8M202.6M
Capital Surpluse6.1M6.4M6M4M4.6M4.2M
Cash And Equivalents1.0M1.9M3.8M3.4M4.0M2.3M

Pair Trading with GDI Integrated

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 GDI Integrated 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 GDI Integrated will appreciate offsetting losses from the drop in the long position's value.

Moving against GDI Stock

  0.38AEMC Alaska Energy MetalsPairCorr
The ability to find closely correlated positions to GDI Integrated could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace GDI Integrated 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 GDI Integrated - 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 GDI Integrated to buy it.
The correlation of GDI Integrated 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 GDI Integrated moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if GDI Integrated 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 GDI Integrated 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 GDI Stock

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