Keyera Net Debt vs Good Will Analysis

KEY Stock

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Keyera Corp financial indicator trend analysis is infinitely more than just investigating Keyera Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Keyera Corp is a good investment. Please check the relationship between Keyera Corp Net Debt and its Good Will accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Keyera Corp. 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.

Net Debt vs Good Will

Net Debt vs Good Will Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Keyera Corp Net Debt account and Good Will. At this time, the significance of the direction appears to have pay attention.

The correlation between Keyera Corp's Net Debt and Good Will is -0.78. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Good Will in the same time period over historical financial statements of Keyera Corp, assuming nothing else is changed. The correlation between historical values of Keyera Corp's Net Debt and Good Will is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Keyera Corp are associated (or correlated) with its Good Will. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Good Will has no effect on the direction of Net Debt i.e., Keyera Corp's Net Debt and Good Will go up and down completely randomly.

Correlation Coefficient

-0.78

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

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.

Good Will

An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.

Most indicators from Keyera Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Keyera Corp 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Keyera Corp. 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, Keyera Corp's Sales General And Administrative To Revenue is very stable compared to the past year. As of the 29th of November 2024, Enterprise Value Over EBITDA is likely to grow to 14.65, while Selling General Administrative is likely to drop about 64.5 M.

	2021	2022	2023	2024 (projected)
Gross Profit	787.7M	917.5M	1.1B	1.1B
Total Revenue	5.0B	7.1B	7.0B	7.4B

Gross Profit Total Revenue

Keyera Corp fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Debt	Accounts Payable	Non Current Assets Total	Non Currrent Assets Other	Net Receivables	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Property Plant And Equipment Net	Retained Earnings	Cash	Cash And Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Property Plant And Equipment Gross	Intangible Assets	Good Will	Common Stock Total Equity
Total Assets		0.84	0.34	0.9	0.97	0.84	0.81	0.9	0.27	0.86	0.92	0.19	0.87	0.8	-0.1	0.99	-0.67	-0.23	-0.2	0.85	0.66	0.48	0.79	0.45	-0.71	0.97
Short Long Term Debt Total	0.84		0.34	0.75	0.79	1.0	0.65	0.97	0.22	0.77	0.77	0.24	0.99	0.66	-0.07	0.85	-0.89	-0.31	-0.3	1.0	0.58	0.7	0.98	0.36	-0.77	0.83
Other Current Liab	0.34	0.34		0.37	0.28	0.35	0.52	0.32	-0.05	0.43	0.33	0.41	0.37	0.55	0.06	0.31	-0.54	-0.2	-0.19	0.36	0.6	0.38	0.4	0.05	-0.59	0.3
Total Current Liabilities	0.9	0.75	0.37		0.84	0.75	0.94	0.81	0.08	0.92	0.89	0.07	0.81	0.87	0.01	0.85	-0.57	-0.28	-0.25	0.76	0.75	0.55	0.74	0.23	-0.78	0.79
Total Stockholder Equity	0.97	0.79	0.28	0.84		0.78	0.76	0.88	0.31	0.76	0.88	0.23	0.82	0.71	-0.15	0.97	-0.56	-0.13	-0.09	0.8	0.56	0.42	0.72	0.57	-0.56	0.97
Net Debt	0.84	1.0	0.35	0.75	0.78		0.64	0.97	0.24	0.76	0.76	0.23	0.98	0.64	-0.09	0.84	-0.89	-0.37	-0.37	0.99	0.59	0.72	0.98	0.35	-0.78	0.82
Accounts Payable	0.81	0.65	0.52	0.94	0.76	0.64		0.7	-0.11	0.93	0.84	0.15	0.72	0.95	0.13	0.75	-0.55	-0.13	-0.11	0.66	0.83	0.39	0.64	0.2	-0.77	0.7
Non Current Assets Total	0.9	0.97	0.32	0.81	0.88	0.97	0.7		0.27	0.76	0.84	0.22	0.99	0.68	-0.12	0.9	-0.8	-0.25	-0.22	0.98	0.57	0.68	0.94	0.43	-0.71	0.89
Non Currrent Assets Other	0.27	0.22	-0.05	0.08	0.31	0.24	-0.11	0.27		-0.11	-0.03	-0.16	0.19	-0.18	-0.44	0.35	-0.22	-0.23	-0.19	0.24	-0.19	0.22	0.26	0.48	0.03	0.4
Net Receivables	0.86	0.77	0.43	0.92	0.76	0.76	0.93	0.76	-0.11		0.88	0.15	0.81	0.95	0.09	0.81	-0.69	-0.23	-0.23	0.77	0.84	0.49	0.76	0.13	-0.89	0.75
Common Stock Shares Outstanding	0.92	0.77	0.33	0.89	0.88	0.76	0.84	0.84	-0.03	0.88		0.09	0.83	0.84	0.0	0.87	-0.56	-0.13	-0.1	0.79	0.67	0.51	0.69	0.16	-0.71	0.82
Other Stockholder Equity	0.19	0.24	0.41	0.07	0.23	0.23	0.15	0.22	-0.16	0.15	0.09		0.2	0.21	0.27	0.2	-0.28	0.06	0.08	0.23	0.33	-0.04	0.26	0.46	-0.13	0.28
Total Liab	0.87	0.99	0.37	0.81	0.82	0.98	0.72	0.99	0.19	0.81	0.83	0.2		0.73	-0.06	0.86	-0.86	-0.27	-0.25	0.99	0.63	0.72	0.97	0.33	-0.8	0.84
Total Current Assets	0.8	0.66	0.55	0.87	0.71	0.64	0.95	0.68	-0.18	0.95	0.84	0.21	0.73		0.2	0.73	-0.63	0.0	0.01	0.68	0.86	0.41	0.67	0.16	-0.85	0.7
Short Term Debt	-0.1	-0.07	0.06	0.01	-0.15	-0.09	0.13	-0.12	-0.44	0.09	0.0	0.27	-0.06	0.2		-0.15	0.06	0.33	0.33	-0.08	0.16	-0.15	-0.08	-0.22	-0.08	-0.16
Property Plant And Equipment Net	0.99	0.85	0.31	0.85	0.97	0.84	0.75	0.9	0.35	0.81	0.87	0.2	0.86	0.73	-0.15		-0.68	-0.26	-0.24	0.85	0.61	0.47	0.8	0.52	-0.66	0.99
Retained Earnings	-0.67	-0.89	-0.54	-0.57	-0.56	-0.89	-0.55	-0.8	-0.22	-0.69	-0.56	-0.28	-0.86	-0.63	0.06	-0.68		0.32	0.33	-0.89	-0.65	-0.64	-0.93	-0.28	0.82	-0.67
Cash	-0.23	-0.31	-0.2	-0.28	-0.13	-0.37	-0.13	-0.25	-0.23	-0.23	-0.13	0.06	-0.27	0.0	0.33	-0.26	0.32		0.99	-0.27	-0.28	-0.41	-0.32	0.06	0.32	-0.16
Cash And Short Term Investments	-0.2	-0.3	-0.19	-0.25	-0.09	-0.37	-0.11	-0.22	-0.19	-0.23	-0.1	0.08	-0.25	0.01	0.33	-0.24	0.33	0.99		-0.26	-0.24	-0.39	-0.32	0.13	0.34	-0.13
Non Current Liabilities Total	0.85	1.0	0.36	0.76	0.8	0.99	0.66	0.98	0.24	0.77	0.79	0.23	0.99	0.68	-0.08	0.85	-0.89	-0.27	-0.26		0.59	0.71	0.98	0.37	-0.77	0.84
Inventory	0.66	0.58	0.6	0.75	0.56	0.59	0.83	0.57	-0.19	0.84	0.67	0.33	0.63	0.86	0.16	0.61	-0.65	-0.28	-0.24	0.59		0.36	0.61	0.18	-0.78	0.57
Other Current Assets	0.48	0.7	0.38	0.55	0.42	0.72	0.39	0.68	0.22	0.49	0.51	-0.04	0.72	0.41	-0.15	0.47	-0.64	-0.41	-0.39	0.71	0.36		0.74	-0.07	-0.71	0.44
Property Plant And Equipment Gross	0.79	0.98	0.4	0.74	0.72	0.98	0.64	0.94	0.26	0.76	0.69	0.26	0.97	0.67	-0.08	0.8	-0.93	-0.32	-0.32	0.98	0.61	0.74		0.37	-0.82	0.79
Intangible Assets	0.45	0.36	0.05	0.23	0.57	0.35	0.2	0.43	0.48	0.13	0.16	0.46	0.33	0.16	-0.22	0.52	-0.28	0.06	0.13	0.37	0.18	-0.07	0.37		0.01	0.62
Good Will	-0.71	-0.77	-0.59	-0.78	-0.56	-0.78	-0.77	-0.71	0.03	-0.89	-0.71	-0.13	-0.8	-0.85	-0.08	-0.66	0.82	0.32	0.34	-0.77	-0.78	-0.71	-0.82	0.01		-0.6
Common Stock Total Equity	0.97	0.83	0.3	0.79	0.97	0.82	0.7	0.89	0.4	0.75	0.82	0.28	0.84	0.7	-0.16	0.99	-0.67	-0.16	-0.13	0.84	0.57	0.44	0.79	0.62	-0.6

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Keyera Corp Account Relationship Matchups

Keyera Corp fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	7.5B	7.6B	8.1B	8.6B	8.8B	4.4B
Short Long Term Debt Total	3.0B	3.4B	3.7B	3.9B	4.3B	4.5B
Other Current Liab	(33.7M)	42.4M	26.0M	195.0M	86.4M	66.2M
Total Current Liabilities	817.0M	499.0M	913.0M	1000.0M	795.2M	560.9M
Total Stockholder Equity	3.1B	2.8B	2.7B	2.8B	2.8B	1.6B
Net Debt	3.0B	3.4B	3.7B	4.1B	4.3B	4.5B
Accounts Payable	463.4M	347.9M	650.4M	717.3M	481.4M	360.7M
Non Current Assets Total	6.9B	6.9B	7.0B	7.5B	7.7B	8.1B
Non Currrent Assets Other	95.9M	93.6M	87.8M	105.2M	121.0M	84.4M
Net Receivables	488.6M	447.7M	750.4M	708.8M	688.2M	408.2M
Common Stock Shares Outstanding	214.2M	220.4M	221.0M	221.3M	229.2M	176.3M
Liabilities And Stockholders Equity	7.5B	7.6B	8.1B	8.6B	8.8B	4.4B
Other Stockholder Equity	(1.3M)	(9.4M)	(12.8M)	23.0M	20.7M	19.7M
Total Liab	4.5B	4.8B	5.5B	5.7B	6.0B	6.3B
Total Current Assets	656.3M	646.9M	1.1B	1.1B	1.1B	632.1M
Accumulated Other Comprehensive Income	(1.3M)	(9.4M)	(12.8M)	23.0M	9.0M	9.5M
Short Term Debt	174.0M	(36.5M)	91.5M	60.0M	226.8M	134.2M
Property Plant And Equipment Net	6.6B	6.7B	6.8B	7.2B	7.5B	3.8B
Retained Earnings	(18.0M)	(379.5M)	(479.6M)	(577.0M)	(602.1M)	(572.0M)
Cash	9.3M	2.9M	15.9M	(209.4M)	20.1M	20.6M
Cash And Short Term Investments	9.3M	2.9M	15.9M	(209.4M)	20.1M	23.9M
Non Current Liabilities Total	3.6B	4.3B	4.6B	4.7B	5.2B	5.5B
Inventory	93.7M	162.8M	280.7M	300.9M	225.8M	149.5M
Other Current Assets	64.7M	33.4M	52.0M	98.5M	133.9M	140.6M
Property Plant And Equipment Gross	6.6B	6.7B	9.8B	10.6B	11.4B	12.0B
Intangible Assets	80.1M	71.3M	63.3M	59.7M	50.4M	39.5M
Common Stock Total Equity	2.6B	2.8B	3.1B	3.2B	3.6B	1.9B
Common Stock	2.8B	3.1B	3.2B	3.4B	3.4B	2.2B
Current Deferred Revenue	148.4M	72.6M	114.6M	643K	578.7K	549.8K
Other Liab	794.9M	905.8M	953.5M	905.6M	1.0B	921.3M
Net Tangible Assets	2.9B	2.6B	2.6B	2.7B	3.1B	2.3B
Other Assets	114.7M	123.2M	118.0M	137.5M	1.0	0.95
Long Term Debt	2.6B	3.2B	3.5B	3.7B	3.9B	2.6B
Short Long Term Debt	0.0	137.0M	135.5M	31.8M	186.0M	147.3M
Property Plant Equipment	6.6B	6.7B	6.8B	7.2B	8.3B	5.6B
Long Term Debt Total	2.8B	3.4B	3.6B	3.8B	4.4B	2.9B
Capital Lease Obligations	248.5M	211.9M	183.3M	209.4M	203.5M	159.9M
Non Current Liabilities Other	5.9M	3.7M	1.8M	5.2M	4.6M	4.4M

Pair Trading with Keyera Corp

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

Moving together with Keyera Stock

0.91	ENB-PFV	Enbridge Pref 5	Pair Corr
0.74	ENB-PFU	Enbridge Pref L	Pair Corr
0.89	ENS	E Split Corp	Pair Corr
0.89	ENS-PA	E Split Corp	Pair Corr

Moving against Keyera Stock

0.61

SAGE

Sage Potash Corp

Pair Corr

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

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

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

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Keyera Net Debt vs Good Will Analysis

Net Debt vs Good Will

Net Debt vs Good Will Correlation Analysis

Correlation Coefficient

Net Debt

Good Will

Keyera Corp fundamental ratios Correlations

Keyera Corp Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Keyera Corp fundamental ratios Accounts

Pair Trading with Keyera Corp

Moving together with Keyera Stock

Moving against Keyera Stock

Other Information on Investing in Keyera Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Net Debt	+ 1.0	Short Long Term Debt Total
Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Property Plant And Equipment Net	+ 0.99	Total Assets
Total Liab	+ 0.99	Short Long Term Debt Total
Non Current Liabilities Total	+ 0.99	Net Debt
Total Liab	+ 0.99	Non Current Assets Total

Property Plant And Equipment Gross	- 0.93	Retained Earnings
Non Current Liabilities Total	- 0.89	Retained Earnings
Good Will	- 0.89	Net Receivables
Retained Earnings	- 0.89	Net Debt
Retained Earnings	- 0.89	Short Long Term Debt Total
Retained Earnings	- 0.86	Total Liab