Greenlane Operating Cash Flow Per Share vs Free Cash Flow Yield Analysis

GRN Stock

CAD 0.1 0.01 13.64%

Greenlane Renewables financial indicator trend analysis is much more than just examining Greenlane Renewables latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Greenlane Renewables is a good investment. Please check the relationship between Greenlane Renewables Operating Cash Flow Per Share and its Free Cash Flow Yield accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Greenlane Renewables. 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.

Operating Cash Flow Per Share vs Free Cash Flow Yield

Operating Cash Flow Per Share vs Free Cash Flow Yield Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Greenlane Renewables Operating Cash Flow Per Share account and Free Cash Flow Yield. At this time, the significance of the direction appears to have strong relationship.

The correlation between Greenlane Renewables' Operating Cash Flow Per Share and Free Cash Flow Yield is 0.69. Overlapping area represents the amount of variation of Operating Cash Flow Per Share that can explain the historical movement of Free Cash Flow Yield in the same time period over historical financial statements of Greenlane Renewables, assuming nothing else is changed. The correlation between historical values of Greenlane Renewables' Operating Cash Flow Per Share and Free Cash Flow Yield is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Cash Flow Per Share of Greenlane Renewables are associated (or correlated) with its Free Cash Flow Yield. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow Yield has no effect on the direction of Operating Cash Flow Per Share i.e., Greenlane Renewables' Operating Cash Flow Per Share and Free Cash Flow Yield go up and down completely randomly.

Correlation Coefficient

0.69

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Operating Cash Flow Per Share

A measure of the cash generated from a company's normal business operations per share, indicating how much cash is generated from a company's business operations on a per-share basis.

Free Cash Flow Yield

A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.

Most indicators from Greenlane Renewables' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Greenlane Renewables 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 Greenlane Renewables. 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, Greenlane Renewables' Tax Provision is very stable compared to the past year. As of the 16th of December 2024, Sales General And Administrative To Revenue is likely to grow to 0.40, while Selling General Administrative is likely to drop about 12.5 M.

Greenlane Renewables fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Net Debt	Retained Earnings	Accounts Payable	Cash	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Capital Surpluse	Other Current Assets	Other Stockholder Equity	Total Liab	Deferred Long Term Liab	Net Invested Capital	Total Current Assets	Capital Stock	Net Working Capital	Common Stock	Short Long Term Debt Total	Other Liab	Property Plant And Equipment Net
Total Assets		0.98	0.98	0.98	0.86	-0.85	-0.66	0.8	0.95	0.68	0.95	0.96	0.97	0.86	0.96	0.9	0.95	-0.37	0.97	0.98	0.95	0.91	0.97	-0.96	0.66	0.48
Other Current Liab	0.98		0.98	0.96	0.91	-0.87	-0.73	0.83	0.93	0.74	0.93	0.99	0.99	0.89	0.96	0.94	0.94	-0.43	0.99	0.99	0.99	0.96	1.0	-0.99	0.73	0.59
Total Current Liabilities	0.98	0.98		0.93	0.86	-0.81	-0.76	0.85	0.91	0.76	0.91	0.95	1.0	0.91	0.98	0.95	0.97	-0.45	0.99	0.96	0.98	0.91	0.99	-0.97	0.74	0.61
Total Stockholder Equity	0.98	0.96	0.93		0.88	-0.92	-0.56	0.72	0.98	0.6	0.98	0.94	0.94	0.78	0.91	0.82	0.87	-0.3	0.92	0.98	0.91	0.92	0.94	-0.95	0.58	0.36
Net Tangible Assets	0.86	0.91	0.86	0.88		-0.92	-0.76	0.66	0.89	0.73	0.89	0.92	0.9	0.83	0.86	0.8	0.76	-0.58	0.87	0.93	0.9	0.94	0.91	-0.96	0.73	0.53
Net Debt	-0.85	-0.87	-0.81	-0.92	-0.92		0.47	-0.53	-0.94	-0.48	-0.94	-0.87	-0.85	-0.63	-0.8	-0.66	-0.67	0.25	-0.81	-0.92	-0.84	-0.92	-0.86	0.91	-0.47	-0.27
Retained Earnings	-0.66	-0.73	-0.76	-0.56	-0.76	0.47		-0.73	-0.55	-0.93	-0.55	-0.72	-0.76	-0.93	-0.76	-0.84	-0.77	0.89	-0.76	-0.66	-0.76	-0.67	-0.76	0.75	-0.92	-0.81
Accounts Payable	0.8	0.83	0.85	0.72	0.66	-0.53	-0.73		0.61	0.88	0.61	0.83	0.83	0.88	0.75	0.94	0.87	-0.43	0.82	0.75	0.84	0.71	0.83	-0.78	0.87	0.85
Cash	0.95	0.93	0.91	0.98	0.89	-0.94	-0.55	0.61		0.52	1.0	0.91	0.93	0.74	0.92	0.76	0.83	-0.3	0.91	0.97	0.9	0.92	0.92	-0.95	0.5	0.28
Other Assets	0.68	0.74	0.76	0.6	0.73	-0.48	-0.93	0.88	0.52		0.52	0.74	0.75	0.94	0.69	0.86	0.76	-0.79	0.73	0.67	0.75	0.64	0.76	-0.75	1.0	0.88
Cash And Short Term Investments	0.95	0.93	0.91	0.98	0.89	-0.94	-0.55	0.61	1.0	0.52		0.91	0.93	0.74	0.92	0.76	0.83	-0.3	0.91	0.97	0.9	0.92	0.92	-0.95	0.5	0.28
Net Receivables	0.96	0.99	0.95	0.94	0.92	-0.87	-0.72	0.83	0.91	0.74	0.91		0.97	0.88	0.93	0.93	0.91	-0.42	0.97	0.98	0.98	0.98	0.98	-0.98	0.73	0.61
Common Stock Shares Outstanding	0.97	0.99	1.0	0.94	0.9	-0.85	-0.76	0.83	0.93	0.75	0.93	0.97		0.9	0.98	0.95	0.95	-0.46	0.99	0.98	0.99	0.94	1.0	-0.99	0.74	0.61
Capital Surpluse	0.86	0.89	0.91	0.78	0.83	-0.63	-0.93	0.88	0.74	0.94	0.74	0.88	0.9		0.88	0.95	0.92	-0.74	0.89	0.84	0.89	0.8	0.9	-0.89	0.93	0.77
Other Current Assets	0.96	0.96	0.98	0.91	0.86	-0.8	-0.76	0.75	0.92	0.69	0.92	0.93	0.98	0.88		0.92	0.95	-0.47	0.99	0.95	0.97	0.91	0.97	-0.96	0.67	0.54
Other Stockholder Equity	0.9	0.94	0.95	0.82	0.8	-0.66	-0.84	0.94	0.76	0.86	0.76	0.93	0.95	0.95	0.92		0.96	-0.51	0.95	0.88	0.96	0.86	0.95	-0.91	0.85	0.81
Total Liab	0.95	0.94	0.97	0.87	0.76	-0.67	-0.77	0.87	0.83	0.76	0.83	0.91	0.95	0.92	0.95	0.96		-0.46	0.96	0.9	0.94	0.83	0.94	-0.9	0.74	0.63
Deferred Long Term Liab	-0.37	-0.43	-0.45	-0.3	-0.58	0.25	0.89	-0.43	-0.3	-0.79	-0.3	-0.42	-0.46	-0.74	-0.47	-0.51	-0.46		-0.43	-0.38	-0.42	-0.37	-0.45	0.48	-0.79	-0.58
Net Invested Capital	0.97	0.99	0.99	0.92	0.87	-0.81	-0.76	0.82	0.91	0.73	0.91	0.97	0.99	0.89	0.99	0.95	0.96	-0.43		0.97	0.99	0.94	0.99	-0.97	0.71	0.61
Total Current Assets	0.98	0.99	0.96	0.98	0.93	-0.92	-0.66	0.75	0.97	0.67	0.97	0.98	0.98	0.84	0.95	0.88	0.9	-0.38	0.97		0.97	0.97	0.98	-0.99	0.65	0.48
Capital Stock	0.95	0.99	0.98	0.91	0.9	-0.84	-0.76	0.84	0.9	0.75	0.9	0.98	0.99	0.89	0.97	0.96	0.94	-0.42	0.99	0.97		0.96	1.0	-0.98	0.73	0.66
Net Working Capital	0.91	0.96	0.91	0.92	0.94	-0.92	-0.67	0.71	0.92	0.64	0.92	0.98	0.94	0.8	0.91	0.86	0.83	-0.37	0.94	0.97	0.96		0.96	-0.97	0.63	0.54
Common Stock	0.97	1.0	0.99	0.94	0.91	-0.86	-0.76	0.83	0.92	0.76	0.92	0.98	1.0	0.9	0.97	0.95	0.94	-0.45	0.99	0.98	1.0	0.96		-0.99	0.74	0.62
Short Long Term Debt Total	-0.96	-0.99	-0.97	-0.95	-0.96	0.91	0.75	-0.78	-0.95	-0.75	-0.95	-0.98	-0.99	-0.89	-0.96	-0.91	-0.9	0.48	-0.97	-0.99	-0.98	-0.97	-0.99		-0.74	-0.57
Other Liab	0.66	0.73	0.74	0.58	0.73	-0.47	-0.92	0.87	0.5	1.0	0.5	0.73	0.74	0.93	0.67	0.85	0.74	-0.79	0.71	0.65	0.73	0.63	0.74	-0.74		0.89
Property Plant And Equipment Net	0.48	0.59	0.61	0.36	0.53	-0.27	-0.81	0.85	0.28	0.88	0.28	0.61	0.61	0.77	0.54	0.81	0.63	-0.58	0.61	0.48	0.66	0.54	0.62	-0.57	0.89

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Greenlane Renewables Account Relationship Matchups

Greenlane Renewables fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	26.6M	43.2M	78.8M	83.4M	54.4M	52.6M
Other Current Liab	3.9M	8.2M	19.6M	20.5M	17.8M	12.8M
Total Current Liabilities	7.2M	16.7M	21.9M	25.8M	24.7M	17.7M
Total Stockholder Equity	7.7M	25.9M	56.5M	53.5M	25.3M	31.0M
Net Tangible Assets	(11.7M)	7.6M	39.6M	27.1M	31.1M	32.7M
Net Debt	9.5M	(9.8M)	(31.0M)	(20.1M)	(11.4M)	(12.0M)
Retained Earnings	(5.2M)	(7.7M)	(10.2M)	(15.7M)	(45.3M)	(43.0M)
Accounts Payable	978K	670K	633K	3.9M	3.0M	1.7M
Cash	2.3M	16.4M	31.5M	21.4M	13.4M	15.7M
Non Current Assets Total	20.3M	19.0M	17.7M	30.4M	13.0M	18.4M
Cash And Short Term Investments	2.3M	16.4M	31.5M	21.4M	13.4M	15.7M
Net Receivables	3.8M	6.1M	27.2M	27.6M	24.2M	16.3M
Common Stock Shares Outstanding	31.9M	92.8M	143.9M	150.9M	153.1M	105.9M
Long Term Debt Total	11.6M	461K	217K	967K	870.3K	826.8K
Liabilities And Stockholders Equity	26.6M	43.2M	78.8M	83.4M	54.4M	52.6M
Non Current Liabilities Total	11.7M	567K	367K	4.1M	4.4M	2.8M
Capital Surpluse	1.5M	1.5M	2.4M	4.3M	4.9M	5.2M
Other Current Assets	576K	1.1M	1.7M	1.3M	1.7M	1.2M
Other Stockholder Equity	1.5M	1.5M	2.4M	4.3M	4.9M	2.7M
Total Liab	18.9M	17.3M	22.3M	29.9M	29.1M	21.5M
Net Invested Capital	18.7M	31.8M	56.5M	53.5M	61.5M	35.4M
Total Current Assets	6.2M	24.1M	61.1M	53.0M	41.4M	34.2M
Accumulated Other Comprehensive Income	152K	111K	179K	(378K)	(153K)	(145.4K)
Capital Stock	11.3M	31.9M	64.1M	65.3M	75.0M	38.1M
Net Working Capital	(938K)	7.4M	39.1M	27.2M	31.3M	16.1M
Short Term Debt	186K	6.2M	242K	268K	232K	220.4K
Common Stock	11.3M	31.9M	64.1M	65.3M	65.8M	43.8M

Pair Trading with Greenlane Renewables

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 Greenlane Renewables 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 Greenlane Renewables will appreciate offsetting losses from the drop in the long position's value.

Moving against Greenlane Stock

0.67

HPQ

HPQ Silicon Resources

Pair Corr

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

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

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

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Greenlane Operating Cash Flow Per Share vs Free Cash Flow Yield Analysis

Operating Cash Flow Per Share vs Free Cash Flow Yield

Operating Cash Flow Per Share vs Free Cash Flow Yield Correlation Analysis

Correlation Coefficient

Operating Cash Flow Per Share

Free Cash Flow Yield

Greenlane Renewables fundamental ratios Correlations

Greenlane Renewables Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Greenlane Renewables fundamental ratios Accounts

Pair Trading with Greenlane Renewables

Moving against Greenlane Stock

Other Information on Investing in Greenlane Stock

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COMPANY

Common Stock	+ 1.0	Other Current Liab
Common Stock Shares Outstanding	+ 1.0	Total Current Liabilities
Cash And Short Term Investments	+ 1.0	Cash
Other Liab	+ 1.0	Other Assets
Common Stock	+ 1.0	Common Stock Shares Outstanding
Common Stock	+ 1.0	Capital Stock

Short Long Term Debt Total	- 0.99	Common Stock
Short Long Term Debt Total	- 0.99	Total Current Assets
Short Long Term Debt Total	- 0.99	Common Stock Shares Outstanding
Short Long Term Debt Total	- 0.99	Other Current Liab
Short Long Term Debt Total	- 0.98	Capital Stock
Short Long Term Debt Total	- 0.98	Net Receivables