Orbit Net Debt vs Net Receivables Analysis

OGD Stock  CAD 0.83  0.05  5.68%   
Orbit Garant financial indicator trend analysis is much more than just breaking down Orbit Garant Drilling prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Orbit Garant Drilling is a good investment. Please check the relationship between Orbit Garant Net Debt and its Net Receivables accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Orbit Garant Drilling. 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 Net Receivables

Net Debt vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Orbit Garant Drilling Net Debt account and Net Receivables. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Orbit Garant's Net Debt and Net Receivables is 0.52. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Orbit Garant Drilling, assuming nothing else is changed. The correlation between historical values of Orbit Garant's Net Debt and Net Receivables 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 Orbit Garant Drilling are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Net Debt i.e., Orbit Garant's Net Debt and Net Receivables go up and down completely randomly.

Correlation Coefficient

0.52
Relationship DirectionPositive 
Relationship StrengthWeak

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.

Net Receivables

Most indicators from Orbit Garant's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Orbit Garant Drilling 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Orbit Garant Drilling. 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, Orbit Garant's Sales General And Administrative To Revenue is very stable compared to the past year. As of the 4th of December 2024, Enterprise Value Over EBITDA is likely to grow to 6.74, while Selling General Administrative is likely to drop about 13.7 M.
 2021 2022 2023 2024 (projected)
Interest Expense2.2M3.3M3.5M3.6M
Depreciation And Amortization11.1M11.1M10.7M10.9M

Orbit Garant fundamental ratios Correlations

0.47-0.090.450.590.72-0.50.430.420.630.390.590.390.830.470.580.610.520.770.150.570.420.87-0.44-0.390.6
0.47-0.050.7-0.36-0.08-0.70.99-0.430.720.330.10.330.550.040.070.280.930.440.020.970.630.55-0.18-0.020.17
-0.09-0.05-0.12-0.06-0.1-0.16-0.02-0.120.06-0.26-0.23-0.260.020.140.160.120.020.060.16-0.050.150.030.1-0.220.14
0.450.7-0.12-0.23-0.06-0.540.69-0.420.870.25-0.140.250.710.180.260.450.470.520.140.790.610.660.22-0.30.37
0.59-0.36-0.06-0.230.870.12-0.390.9-0.050.240.630.240.280.570.560.36-0.250.44-0.07-0.28-0.140.39-0.23-0.350.44
0.72-0.08-0.1-0.060.87-0.27-0.120.660.120.260.510.260.380.590.680.53-0.020.70.04-0.040.150.59-0.32-0.550.61
-0.5-0.7-0.16-0.540.12-0.27-0.660.43-0.63-0.290.19-0.29-0.45-0.43-0.59-0.73-0.58-0.77-0.39-0.65-0.68-0.690.190.63-0.68
0.430.99-0.020.69-0.39-0.12-0.66-0.440.70.220.090.220.520.030.040.240.920.40.040.960.660.5-0.150.020.14
0.42-0.43-0.12-0.420.90.660.43-0.44-0.280.110.810.110.080.250.18-0.03-0.240.07-0.24-0.36-0.340.07-0.220.080.04
0.630.720.060.87-0.050.12-0.630.7-0.280.33-0.070.330.890.40.470.640.630.680.140.840.770.85-0.19-0.450.56
0.390.33-0.260.250.240.26-0.290.220.110.330.141.00.340.250.250.280.290.45-0.430.32-0.040.47-0.19-0.260.25
0.590.1-0.23-0.140.630.510.190.090.81-0.070.140.140.220.04-0.02-0.120.270.09-0.230.12-0.140.16-0.290.35-0.1
0.390.33-0.260.250.240.26-0.290.220.110.331.00.140.340.250.250.280.290.45-0.430.32-0.040.47-0.19-0.260.25
0.830.550.020.710.280.38-0.450.520.080.890.340.220.340.390.50.60.540.680.10.710.590.9-0.34-0.420.55
0.470.040.140.180.570.59-0.430.030.250.40.250.040.250.390.940.86-0.010.770.240.080.430.64-0.13-0.780.88
0.580.070.160.260.560.68-0.590.040.180.470.25-0.020.250.50.940.950.010.870.40.130.460.76-0.2-0.910.98
0.610.280.120.450.360.53-0.730.24-0.030.640.28-0.120.280.60.860.950.190.890.510.340.570.83-0.24-0.890.99
0.520.930.020.47-0.25-0.02-0.580.92-0.240.630.290.270.290.54-0.010.010.190.35-0.030.910.560.49-0.480.110.09
0.770.440.060.520.440.7-0.770.40.070.680.450.090.450.680.770.870.890.350.210.480.580.92-0.22-0.820.89
0.150.020.160.14-0.070.04-0.390.04-0.240.14-0.43-0.23-0.430.10.240.40.51-0.030.210.050.250.18-0.08-0.360.5
0.570.97-0.050.79-0.28-0.04-0.650.96-0.360.840.320.120.320.710.080.130.340.910.480.050.670.65-0.23-0.070.23
0.420.630.150.61-0.140.15-0.680.66-0.340.77-0.04-0.14-0.040.590.430.460.570.560.580.250.670.62-0.15-0.430.52
0.870.550.030.660.390.59-0.690.50.070.850.470.160.470.90.640.760.830.490.920.180.650.62-0.33-0.690.8
-0.44-0.180.10.22-0.23-0.320.19-0.15-0.22-0.19-0.19-0.29-0.19-0.34-0.13-0.2-0.24-0.48-0.22-0.08-0.23-0.15-0.330.05-0.21
-0.39-0.02-0.22-0.3-0.35-0.550.630.020.08-0.45-0.260.35-0.26-0.42-0.78-0.91-0.890.11-0.82-0.36-0.07-0.43-0.690.05-0.93
0.60.170.140.370.440.61-0.680.140.040.560.25-0.10.250.550.880.980.990.090.890.50.230.520.8-0.21-0.93
Click cells to compare fundamentals

Orbit Garant Account Relationship Matchups

Orbit Garant fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets129.8M138.1M137.1M127.6M119.9M130.4M
Short Long Term Debt Total41.3M37.3M40.3M37.0M34.1M23.7M
Other Current Liab3.4M2.0M2.9M4.0M3.6M2.7M
Total Current Liabilities25.4M36.5M37.8M31.6M27.0M25.9M
Total Stockholder Equity68.0M70.3M62.5M61.6M60.2M60.3M
Property Plant And Equipment Net45.6M43.3M43.8M43.1M36.6M43.4M
Current Deferred Revenue(4.9M)(2.9M)(2.9M)(4.0M)(3.6M)(3.4M)
Net Debt36.3M34.0M39.3M34.8M33.8M20.5M
Retained Earnings10.0M12.3M5.7M5.8M4.7M4.4M
Accounts Payable18.5M30.5M33.6M27.6M25.4M19.5M
Cash5.0M3.3M1.0M2.2M332K315.4K
Non Current Assets Total52.4M47.6M45.9M45.6M44.2M41.1M
Cash And Short Term Investments5.0M3.3M1.0M2.2M332K315.4K
Net Receivables22.6M41.8M40.1M31.1M28.6M30.1M
Common Stock Shares Outstanding36.8M37.0M37.2M37.4M43.0M37.1M
Liabilities And Stockholders Equity129.8M138.1M137.1M127.6M119.9M130.4M
Non Current Liabilities Total36.4M31.3M36.8M34.3M32.6M21.5M
Inventory49.1M44.7M49.0M47.7M43.0M39.5M
Other Current Assets827K796K1.1M1.0M3.8M3.9M
Total Liab61.8M67.8M74.6M65.9M59.6M47.4M
Property Plant And Equipment Gross45.6M131.1M132.2M140.6M129.3M65.8M
Total Current Assets77.5M90.6M91.2M82.0M75.6M73.9M
Accumulated Other Comprehensive Income(899K)(1.2M)(2.4M)(3.3M)(3.6M)(3.8M)
Short Term Debt4.9M6.0M4.2M4.0M1.5M1.4M
Intangible Assets588K141K320K296K211K200.5K
Other Stockholder Equity(899K)(1.2M)(2.4M)(3.3M)(3.0M)(2.9M)
Net Tangible Assets67.4M69.8M62.2M61.3M55.2M58.3M
Long Term Investments317K259K146K320K1.4M1.5M
Short Long Term Debt2.2M2.5M3.5M3.4M450K427.5K
Property Plant Equipment45.6M40.9M43.8M43.1M49.5M46.7M
Other Assets5.9M5.8M1.6M1.9M2.2M4.0M
Long Term Debt35.2M29.9M34.7M32.3M30.9M25.1M
Long Term Debt Total36.4M31.3M36.1M33.0M38.0M24.7M
Net Invested Capital105.4M102.8M100.7M97.4M91.6M79.4M

Pair Trading with Orbit Garant

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

Moving together with Orbit Stock

  0.65IE Ivanhoe EnergyPairCorr

Moving against Orbit Stock

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  0.61ORE Orezone Gold CorpPairCorr
  0.59INFM Infinico Metals CorpPairCorr
  0.59IZ International ZeolitePairCorr
  0.54NG NovaGold ResourcesPairCorr
The ability to find closely correlated positions to Orbit Garant could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Orbit Garant 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 Orbit Garant - 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 Orbit Garant Drilling to buy it.
The correlation of Orbit Garant 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 Orbit Garant moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Orbit Garant Drilling 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 Orbit Garant 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 Orbit Stock

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