GDI Non Currrent Assets Other vs Other Current Liab 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 Non Currrent Assets Other and its Other Current Liab 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.
Non Currrent Assets Other vs Other Current Liab
Non Currrent Assets Other vs Other Current Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of GDI Integrated Non Currrent Assets Other account and Other Current Liab. At this time, the significance of the direction appears to have no relationship.
The correlation between GDI Integrated's Non Currrent Assets Other and Other Current Liab is 0.04. Overlapping area represents the amount of variation of Non Currrent Assets Other that can explain the historical movement of Other Current Liab 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 Non Currrent Assets Other and Other Current Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Currrent Assets Other of GDI Integrated are associated (or correlated) with its Other Current Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Liab has no effect on the direction of Non Currrent Assets Other i.e., GDI Integrated's Non Currrent Assets Other and Other Current Liab go up and down completely randomly.
Correlation Coefficient | 0.04 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Non Currrent Assets Other
Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.Other Current Liab
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 Provision | 10M | 13.1M | Minority Interest | 88.1M | 82.4M |
GDI Integrated fundamental ratios Correlations
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GDI Integrated Account Relationship Matchups
High Positive Relationship
High Negative Relationship
GDI Integrated fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 637.7M | 750.0M | 1.1B | 1.2B | 1.3B | 1.4B | |
Total Current Liabilities | 192.9M | 238.9M | 356.9M | 397M | 416M | 436.8M | |
Total Stockholder Equity | 261.0M | 339.1M | 391.0M | 439M | 455M | 477.8M | |
Property Plant And Equipment Net | 70.5M | 83.7M | 117.3M | 122M | 127M | 133.4M | |
Net Debt | 176.2M | 169.9M | 305.5M | 391M | 417M | 437.9M | |
Retained Earnings | (78.8M) | (30.8M) | 12.6M | 49M | 68M | 71.4M | |
Accounts Payable | 137.6M | 131.9M | 236.5M | 286M | 298M | 312.9M | |
Cash | 3.8M | 3.4M | 24.3M | 7M | 17M | 15.0M | |
Non Current Assets Total | 342.6M | 395.1M | 570.3M | 614M | 626M | 657.3M | |
Cash And Short Term Investments | 3.8M | 3.4M | 36.7M | 18M | 30M | 17.7M | |
Net Receivables | 270.4M | 312.0M | 435M | 531M | 582M | 611.1M | |
Common Stock Shares Outstanding | 21.7M | 22.6M | 23.6M | 23.7M | 23.7M | 24.9M | |
Liabilities And Stockholders Equity | 637.7M | 750.0M | 1.1B | 1.2B | 1.3B | 1.4B | |
Other Current Assets | 5.1M | 17.5M | 9M | 12M | 13.8M | 14.5M | |
Other Stockholder Equity | 6.1M | 6.4M | 6M | 4M | 2M | 1.9M | |
Total Liab | 376.8M | 410.9M | 693.6M | 781M | 837M | 878.9M | |
Property Plant And Equipment Gross | 70.5M | 83.7M | 236.2M | 257M | 281M | 295.1M | |
Total Current Assets | 295.2M | 354.9M | 514.3M | 606M | 666M | 699.3M | |
Accumulated Other Comprehensive Income | 2.1M | (201K) | 1.2M | 7M | 5M | 5.3M | |
Intangible Assets | 91.6M | 94.5M | 142.9M | 139M | 131M | 69.6M | |
Common Stock | 329.7M | 363.7M | 371.3M | 379M | 380M | 310.3M | |
Non Currrent Assets Other | 2.9M | 1.0 | 7.7M | 9M | 12M | 12.6M | |
Short Term Debt | 15.3M | 22.9M | 6.0M | 53M | 50M | 52.5M | |
Other Current Liab | 39.1M | 67.6M | 41.5M | 26M | 32M | 16.5M | |
Current Deferred Revenue | 17.6M | 19.3M | 43.1M | 30M | 34M | 17.1M | |
Inventory | 15.9M | 21.9M | 34.2M | 45M | 42M | 44.1M | |
Short Long Term Debt Total | 180.0M | 173.4M | 329.9M | 398M | 434M | 236.8M | |
Other Liab | 19.2M | 21.4M | 37.9M | 39M | 35.1M | 24.0M | |
Net Tangible Assets | (8.0M) | 31.2M | (53.8M) | (44M) | (50.6M) | (53.1M) | |
Other Assets | 3.0M | 3.5M | 8.3M | 9M | 8.1M | 5.9M | |
Long Term Debt | 164.7M | 150.5M | 298.9M | 345M | 384M | 214.1M | |
Good Will | 177.5M | 213.4M | 301.9M | 344M | 356M | 225.2M | |
Non Current Liabilities Total | 183.9M | 171.9M | 336.7M | 384M | 421M | 247.6M | |
Short Long Term Debt | 15.3M | 22.9M | 31.0M | 53M | 50M | 26.2M | |
Property Plant Equipment | 70.5M | 83.7M | 117.3M | 122M | 140.3M | 147.3M | |
Long Term Debt Total | 164.7M | 150.5M | 298.9M | 345M | 396.8M | 202.6M | |
Capital Surpluse | 6.1M | 6.4M | 6M | 4M | 4.6M | 4.2M | |
Cash And Equivalents | 1.0M | 1.9M | 3.8M | 3.4M | 4.0M | 2.3M |
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
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.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.