Gear Long Term Debt vs Total Assets Analysis
| GXE Stock | CAD 0.50 0.01 1.96% |
Gear Energy financial indicator trend analysis is much more than just examining Gear Energy latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Gear Energy is a good investment. Please check the relationship between Gear Energy Long Term Debt and its Total Assets accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gear Energy. 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.
Long Term Debt vs Total Assets
Long Term Debt vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Gear Energy Long Term Debt account and Total Assets. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Gear Energy's Long Term Debt and Total Assets is 0.47. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Total Assets in the same time period over historical financial statements of Gear Energy, assuming nothing else is changed. The correlation between historical values of Gear Energy's Long Term Debt and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of Gear Energy are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Long Term Debt i.e., Gear Energy's Long Term Debt and Total Assets go up and down completely randomly.
Correlation Coefficient | 0.47 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Long Term Debt
Long-term debt is a debt that Gear Energy has held for over one year. Long-term debt appears on Gear Energy balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Gear Energy balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.Total Assets
Total assets refers to the total amount of Gear Energy 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 Gear Energy 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.Most indicators from Gear Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Gear Energy 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 Gear Energy. 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, Gear Energy's Selling General Administrative is very stable compared to the past year. As of the 11th of December 2024, Tax Provision is likely to grow to about 12.1 M, while Enterprise Value is likely to drop about 124.6 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 4.4M | 3.3M | 4.5M | 4.2M | Depreciation And Amortization | 36.9M | 39.6M | 45.2M | 41.2M |
Gear Energy fundamental ratios Correlations
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Gear Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Gear Energy fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 361.4M | 262.3M | 318.8M | 349.4M | 338.8M | 326.2M | |
| Short Long Term Debt Total | 77.0M | 63.6M | 26.4M | 7.1M | 21.2M | 20.1M | |
| Other Current Liab | 5.9M | 2.7M | 9.9M | 6.9M | 6.3M | 7.4M | |
| Total Current Liabilities | 32.0M | 14.0M | 21.6M | 26.2M | 21.1M | 33.5M | |
| Total Stockholder Equity | 182.3M | 104.9M | 199.0M | 251.6M | 236.7M | 178.1M | |
| Property Plant And Equipment Net | 317.0M | 244.9M | 263.6M | 283.0M | 287.3M | 279.4M | |
| Net Debt | 77.0M | 68.6M | 26.4M | 7.1M | 21.2M | 20.1M | |
| Retained Earnings | (173.8M) | (251.1M) | (170.6M) | (114.2M) | (130.5M) | (137.0M) | |
| Accounts Payable | 13.3M | 6.3M | 11.7M | 19.3M | 14.8M | 13.6M | |
| Non Current Assets Total | 340.3M | 244.9M | 296.5M | 324.2M | 317.0M | 303.4M | |
| Net Receivables | 11.3M | 8.5M | 12.4M | 12.7M | 12.4M | 11.0M | |
| Common Stock Total Equity | 311.2M | 337.7M | 335.5M | 333.7M | 383.8M | 285.5M | |
| Common Stock Shares Outstanding | 218.9M | 216.5M | 263.0M | 264.2M | 263.3M | 176.9M | |
| Liabilities And Stockholders Equity | 361.4M | 262.3M | 318.8M | 349.4M | 338.8M | 326.2M | |
| Non Current Liabilities Total | 147.1M | 143.3M | 98.1M | 71.6M | 81.0M | 102.0M | |
| Inventory | 6.5M | 5.6M | 6.6M | 8.2M | 6.8M | 6.5M | |
| Other Current Assets | 3.2M | 3.2M | 3.2M | 4.4M | 2.7M | 3.7M | |
| Other Stockholder Equity | 18.1M | 19.8M | 19.3M | 17.8M | 18.3M | 15.9M | |
| Total Liab | 179.1M | 157.3M | 119.7M | 97.8M | 102.1M | 148.1M | |
| Property Plant And Equipment Gross | 317.0M | 244.9M | 887.4M | 935.5M | 963.3M | 1.0B | |
| Total Current Assets | 21.1M | 17.3M | 22.2M | 25.3M | 21.9M | 22.7M | |
| Common Stock | 335.5M | 333.7M | 350.3M | 348.0M | 348.9M | 308.2M | |
| Other Liab | 82.9M | 84.8M | 71.7M | 64.5M | 74.1M | 78.6M | |
| Net Tangible Assets | 182.3M | 104.9M | 199.0M | 251.6M | 289.4M | 178.5M | |
| Other Assets | 23.3M | 0.0 | 32.9M | 41.1M | 47.3M | 25.1M | |
| Property Plant Equipment | 317.0M | 244.9M | 263.6M | 283.0M | 325.5M | 292.3M | |
| Long Term Debt | 64.3M | 58.6M | 26.4M | 7.1M | 21.2M | 33.5M | |
| Long Term Debt Total | 64.3M | 58.6M | 26.4M | 7.1M | 6.4M | 6.1M | |
| Capital Surpluse | 18.1M | 19.8M | 19.3M | 17.8M | 20.5M | 18.2M | |
| Non Currrent Assets Other | 283.5M | 1.6M | 340.3M | (244.9M) | (220.4M) | (209.4M) | |
| Net Invested Capital | 259.2M | 163.5M | 225.4M | 258.7M | 257.9M | 259.7M | |
| Net Working Capital | (10.9M) | 3.3M | 587K | (971K) | 756K | 569.4K | |
| Capital Stock | 335.5M | 333.7M | 350.3M | 348.0M | 348.9M | 376.6M |
Pair Trading with Gear Energy
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 Gear Energy 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 Gear Energy will appreciate offsetting losses from the drop in the long position's value.Moving against Gear Stock
| 0.57 | ENB-PFV | Enbridge Pref 5 | PairCorr |
| 0.5 | ENS | E Split Corp | PairCorr |
| 0.47 | ENS-PA | E Split Corp | PairCorr |
| 0.38 | BUI | Buhler Industries | PairCorr |
The ability to find closely correlated positions to Gear Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gear Energy 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 Gear Energy - 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 Gear Energy to buy it.
The correlation of Gear Energy 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 Gear Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gear Energy 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 Gear Energy 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 Gear Stock
Balance Sheet is a snapshot of the financial position of Gear Energy at a specified time, usually calculated after every quarter, six months, or one year. Gear Energy Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Gear Energy 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 Gear currently owns. An asset can also be divided into two categories, current and non-current.