Goeasy Total Assets vs Net Debt Analysis

GSY Stock  CAD 171.31  0.39  0.23%   
Goeasy financial indicator trend analysis is much more than just examining goeasy latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether goeasy is a good investment. Please check the relationship between Goeasy Total Assets and its Net Debt accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in goeasy. 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.

Total Assets vs Net Debt

Total Assets vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of goeasy Total Assets account and Net Debt. At this time, the significance of the direction appears to have totally related.
The correlation between Goeasy's Total Assets and Net Debt is 1.0. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Net Debt in the same time period over historical financial statements of goeasy, assuming nothing else is changed. The correlation between historical values of Goeasy's Total Assets and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Assets of goeasy are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Total Assets i.e., Goeasy's Total Assets and Net Debt go up and down completely randomly.

Correlation Coefficient

1.0
Relationship DirectionPositive 
Relationship StrengthVery Strong

Total Assets

Total assets refers to the total amount of Goeasy assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in goeasy books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.
Most indicators from Goeasy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into goeasy 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 goeasy. 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, Goeasy's Tax Provision is very stable compared to the past year. As of the 4th of December 2024, Issuance Of Capital Stock is likely to grow to about 62.8 M, while Selling General Administrative is likely to drop about 55 M.
 2021 2022 2023 2024 (projected)
Gross Profit622.0M795.9M851.6M894.2M
Total Revenue826.7M1.0B1.3B1.3B

Goeasy fundamental ratios Correlations

0.99-0.540.191.00.61.01.00.940.89-0.431.00.41.0-0.490.89-0.241.00.941.00.80.720.770.910.960.95
0.99-0.510.170.980.570.990.990.940.9-0.40.980.40.99-0.510.89-0.230.990.920.990.810.760.80.890.950.93
-0.54-0.51-0.87-0.55-0.73-0.55-0.52-0.49-0.430.5-0.55-0.42-0.480.14-0.380.76-0.54-0.64-0.55-0.12-0.2-0.2-0.48-0.57-0.41
0.190.17-0.870.210.650.20.160.20.19-0.540.180.460.110.16-0.04-0.860.190.350.19-0.30.0-0.060.210.250.07
1.00.98-0.550.210.640.990.990.950.91-0.480.990.430.99-0.420.87-0.230.990.960.990.780.710.760.940.940.96
0.60.57-0.730.650.640.590.60.660.65-0.570.580.840.550.120.39-0.490.590.780.590.20.320.310.630.570.55
1.00.99-0.550.20.990.590.990.930.87-0.431.00.371.0-0.530.89-0.261.00.941.00.80.70.750.90.970.95
1.00.99-0.520.160.990.60.990.950.89-0.390.990.40.99-0.450.91-0.170.990.940.990.830.740.790.910.940.95
0.940.94-0.490.20.950.660.930.950.88-0.320.930.580.94-0.280.87-0.170.940.930.940.780.810.840.830.860.87
0.890.9-0.430.190.910.650.870.890.88-0.550.850.550.87-0.260.69-0.170.880.890.850.650.660.680.910.830.9
-0.43-0.40.5-0.54-0.48-0.57-0.43-0.39-0.32-0.55-0.41-0.31-0.380.010.00.55-0.42-0.52-0.410.13-0.04-0.01-0.7-0.46-0.56
1.00.98-0.550.180.990.581.00.990.930.85-0.410.351.0-0.530.91-0.241.00.931.00.810.70.760.890.960.94
0.40.4-0.420.460.430.840.370.40.580.55-0.310.350.350.350.23-0.350.380.570.370.110.410.370.370.320.3
1.00.99-0.480.110.990.551.00.990.940.87-0.381.00.35-0.530.91-0.181.00.921.00.840.740.790.890.950.95
-0.49-0.510.140.16-0.420.12-0.53-0.45-0.28-0.260.01-0.530.35-0.53-0.540.19-0.51-0.3-0.51-0.58-0.17-0.25-0.3-0.65-0.45
0.890.89-0.38-0.040.870.390.890.910.870.690.00.910.230.91-0.540.030.90.80.910.960.730.80.680.840.79
-0.24-0.230.76-0.86-0.23-0.49-0.26-0.17-0.17-0.170.55-0.24-0.35-0.180.190.03-0.24-0.31-0.250.260.010.05-0.19-0.37-0.11
1.00.99-0.540.190.990.591.00.990.940.88-0.421.00.381.0-0.510.9-0.240.931.00.810.730.770.90.960.94
0.940.92-0.640.350.960.780.940.940.930.89-0.520.930.570.92-0.30.8-0.310.930.930.670.580.620.90.910.91
1.00.99-0.550.190.990.591.00.990.940.85-0.411.00.371.0-0.510.91-0.251.00.930.810.720.770.890.960.94
0.80.81-0.12-0.30.780.20.80.830.780.650.130.810.110.84-0.580.960.260.810.670.810.690.780.60.750.75
0.720.76-0.20.00.710.320.70.740.810.66-0.040.70.410.74-0.170.730.010.730.580.720.690.990.560.570.6
0.770.8-0.2-0.060.760.310.750.790.840.68-0.010.760.370.79-0.250.80.050.770.620.770.780.990.590.630.65
0.910.89-0.480.210.940.630.90.910.830.91-0.70.890.370.89-0.30.68-0.190.90.90.890.60.560.590.850.97
0.960.95-0.570.250.940.570.970.940.860.83-0.460.960.320.95-0.650.84-0.370.960.910.960.750.570.630.850.91
0.950.93-0.410.070.960.550.950.950.870.9-0.560.940.30.95-0.450.79-0.110.940.910.940.750.60.650.970.91
Click cells to compare fundamentals

Goeasy Account Relationship Matchups

Goeasy fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.3B1.5B2.6B3.3B4.2B4.4B
Short Long Term Debt Total911.7M941.7M1.6B2.3B2.9B3.0B
Other Current Liab(173.0M)(271.5M)(104.5M)(238.6M)(97.1M)(92.2M)
Total Current Liabilities165.0M278.2M115.2M253.6M12.9M12.2M
Total Stockholder Equity332.4M443.5M789.9M869.7M1.1B1.1B
Property Plant And Equipment Net117.9M127.0M139.6M150.1M142.6M74.3M
Net Debt865.4M878.7M1.5B2.3B2.8B2.9B
Retained Earnings171.1M247.3M395.2M426.4M610.7M641.2M
Accounts Payable45.7M48.7M65.3M61.3M85.3M89.5M
Non Current Assets Total227.9M248.5M581.6M609.6M582.1M611.2M
Non Currrent Assets Other21.7M14.8M(2.6B)(3.2B)72.2M75.9M
Net Receivables1.0B1.1B1.9B2.6B3.5B3.7B
Common Stock Shares Outstanding16.1M15.8M16.8M16.6M17.1M11.2M
Liabilities And Stockholders Equity1.3B1.5B2.6B3.3B4.2B4.4B
Non Current Liabilities Total821.2M780.2M1.7B2.2B3.1B3.3B
Other Current Assets7.1M13.0M8.0M8.3M33.7M35.3M
Other Stockholder Equity(150.8M)(227.6M)22.6M(404.9M)24.8M26.1M
Total Liab986.2M1.1B1.8B2.4B3.1B3.3B
Property Plant And Equipment Gross117.9M127.0M174.6M203.5M204.9M215.2M
Total Current Assets1.1B1.3B2.0B2.7B3.6B3.8B
Accumulated Other Comprehensive Income(915K)(5.3M)8.6M2.8M(9.7M)(10.2M)
Short Term Debt115M198.3M292.8M148.6M2.8B3.0B
Cash46.3M63.0M82.9M32.5M120.4M126.4M
Cash And Short Term Investments46.3M63.0M82.9M32.5M144.6M151.8M
Intangible Assets17.7M25.2M159.7M138.8M124.9M131.2M
Current Deferred Revenue8.1M10.6M11.4M28.7M27.0M28.3M
Common Stock Total Equity85.9M138.1M142.0M181.8M209.0M114.1M
Common Stock142.0M181.8M363.5M419.0M428.3M449.7M
Other Liab8.1M10.6M50.0M53.4M61.4M64.4M
Net Tangible Assets293.4M397.0M449.3M550.0M632.5M664.1M
Other Assets64.8M53.6M47.2M48.4M43.6M47.7M
Long Term Debt744.1M689.4M1.1B2.1B2.8B3.0B
Property Plant Equipment69.2M77.7M92.4M150.1M172.6M181.2M
Long Term Debt Total796.7M743.3M1.2B2.2B2.5B2.6B
Capital Surpluse20.3M19.7M22.6M21.5M24.7M18.6M
Net Invested Capital1.2B1.3B2.3B3.1B3.9B2.1B
Net Working Capital926.8M975.4M1.6B2.4B3.4B3.6B

Pair Trading with Goeasy

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

Moving against Goeasy Stock

  0.58FFH-PD Fairfax FinancialPairCorr
  0.54FFH-PF Fairfax FinancialPairCorr
  0.53FFH-PH Fairfax FinancialPairCorr
  0.53FFH-PE Fairfax FinancialPairCorr
  0.53FFH-PI Fairfax FinancialPairCorr
The ability to find closely correlated positions to Goeasy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Goeasy 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 Goeasy - 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 goeasy to buy it.
The correlation of Goeasy 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 Goeasy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if goeasy 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 Goeasy 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 Goeasy Stock

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