Parkland Cash vs Net Debt Analysis

PKI Stock

CAD 36.15 0.59 1.61%

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

Cash vs Net Debt

Cash vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Parkland Fuel Cash account and Net Debt. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Parkland Fuel's Cash and Net Debt is 0.89. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Net Debt in the same time period over historical financial statements of Parkland Fuel, assuming nothing else is changed. The correlation between historical values of Parkland Fuel's Cash 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 Cash of Parkland Fuel 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 Cash i.e., Parkland Fuel's Cash and Net Debt go up and down completely randomly.

Correlation Coefficient

0.89

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Cash

Cash refers to the most liquid asset of Parkland Fuel, which is listed under current asset account on Parkland Fuel balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Parkland Fuel customers. The amounts must be unrestricted with restricted cash listed in a different Parkland Fuel account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

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 Parkland Fuel's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Parkland Fuel 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 Parkland Fuel. 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, Parkland Fuel's Selling General Administrative is very stable compared to the past year. As of the 1st of December 2024, Tax Provision is likely to grow to about 51.6 M, while Issuance Of Capital Stock is likely to drop about 12.7 M.

	2021	2022	2023	2024 (projected)
Interest Expense	223M	295M	352M	369.6M
Depreciation And Amortization	616M	743M	823M	864.2M

Interest Expense Depreciation And Amortization

Parkland Fuel fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Non Current Assets Total	Non Currrent Assets Other	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Other Current Liab	Cash	Cash And Short Term Investments	Current Deferred Revenue	Good Will
Total Assets		1.0	0.98	0.97	1.0	1.0	-0.18	0.98	1.0	0.9	0.97	0.96	1.0	0.97	0.59	-0.42	1.0	0.99	0.97	0.61	0.98	0.36	0.88	0.88	0.77	0.99
Short Long Term Debt Total	1.0		0.98	0.96	0.99	1.0	-0.18	0.98	0.99	0.9	0.98	0.94	1.0	0.98	0.57	-0.4	1.0	0.99	0.97	0.61	0.98	0.31	0.9	0.9	0.77	0.98
Total Current Liabilities	0.98	0.98		0.97	0.96	0.98	-0.18	0.99	0.96	0.84	0.98	0.94	0.96	0.98	0.7	-0.29	0.98	0.98	0.99	0.62	0.95	0.46	0.88	0.88	0.75	0.96
Total Stockholder Equity	0.97	0.96	0.97		0.97	0.96	-0.22	0.97	0.97	0.84	0.95	0.97	0.95	0.95	0.63	-0.31	0.97	0.96	0.95	0.53	0.97	0.51	0.83	0.83	0.75	0.97
Property Plant And Equipment Net	1.0	0.99	0.96	0.97		0.99	-0.16	0.96	1.0	0.93	0.96	0.96	0.99	0.95	0.55	-0.47	0.99	0.98	0.95	0.6	0.99	0.34	0.86	0.86	0.76	0.99
Net Debt	1.0	1.0	0.98	0.96	0.99		-0.18	0.98	0.99	0.9	0.97	0.94	1.0	0.98	0.58	-0.41	1.0	0.99	0.97	0.61	0.98	0.32	0.89	0.89	0.76	0.98
Retained Earnings	-0.18	-0.18	-0.18	-0.22	-0.16	-0.18		-0.15	-0.19	0.04	-0.17	-0.2	-0.17	-0.12	-0.07	-0.09	-0.17	-0.14	-0.15	-0.13	-0.26	-0.18	-0.14	-0.14	-0.54	-0.25
Accounts Payable	0.98	0.98	0.99	0.97	0.96	0.98	-0.15		0.96	0.83	0.99	0.92	0.97	1.0	0.65	-0.26	0.98	0.99	0.99	0.57	0.94	0.4	0.89	0.89	0.72	0.95
Non Current Assets Total	1.0	0.99	0.96	0.97	1.0	0.99	-0.19	0.96		0.93	0.95	0.96	0.99	0.95	0.55	-0.47	0.99	0.97	0.94	0.6	0.99	0.35	0.85	0.85	0.77	1.0
Non Currrent Assets Other	0.9	0.9	0.84	0.84	0.93	0.9	0.04	0.83	0.93		0.82	0.87	0.92	0.83	0.43	-0.67	0.9	0.87	0.82	0.66	0.9	0.16	0.78	0.78	0.66	0.91
Net Receivables	0.97	0.98	0.98	0.95	0.96	0.97	-0.17	0.99	0.95	0.82		0.92	0.97	0.98	0.59	-0.29	0.98	0.98	0.99	0.55	0.94	0.38	0.91	0.91	0.77	0.94
Common Stock Shares Outstanding	0.96	0.94	0.94	0.97	0.96	0.94	-0.2	0.92	0.96	0.87	0.92		0.94	0.89	0.6	-0.45	0.95	0.92	0.9	0.6	0.96	0.43	0.77	0.77	0.78	0.97
Non Current Liabilities Total	1.0	1.0	0.96	0.95	0.99	1.0	-0.17	0.97	0.99	0.92	0.97	0.94		0.96	0.54	-0.46	1.0	0.99	0.96	0.61	0.98	0.29	0.89	0.89	0.77	0.98
Inventory	0.97	0.98	0.98	0.95	0.95	0.98	-0.12	1.0	0.95	0.83	0.98	0.89	0.96		0.63	-0.26	0.98	0.99	0.99	0.55	0.92	0.35	0.9	0.9	0.69	0.93
Other Current Assets	0.59	0.57	0.7	0.63	0.55	0.58	-0.07	0.65	0.55	0.43	0.59	0.6	0.54	0.63		-0.03	0.59	0.6	0.67	0.7	0.5	0.52	0.47	0.47	0.42	0.56
Other Stockholder Equity	-0.42	-0.4	-0.29	-0.31	-0.47	-0.41	-0.09	-0.26	-0.47	-0.67	-0.29	-0.45	-0.46	-0.26	-0.03		-0.41	-0.34	-0.26	-0.54	-0.46	0.2	-0.26	-0.26	-0.41	-0.47
Total Liab	1.0	1.0	0.98	0.97	0.99	1.0	-0.17	0.98	0.99	0.9	0.98	0.95	1.0	0.98	0.59	-0.41		0.99	0.97	0.62	0.98	0.34	0.89	0.89	0.77	0.98
Property Plant And Equipment Gross	0.99	0.99	0.98	0.96	0.98	0.99	-0.14	0.99	0.97	0.87	0.98	0.92	0.99	0.99	0.6	-0.34	0.99		0.98	0.58	0.95	0.32	0.88	0.88	0.71	0.96
Total Current Assets	0.97	0.97	0.99	0.95	0.95	0.97	-0.15	0.99	0.94	0.82	0.99	0.9	0.96	0.99	0.67	-0.26	0.97	0.98		0.6	0.92	0.38	0.92	0.92	0.74	0.93
Short Term Debt	0.61	0.61	0.62	0.53	0.6	0.61	-0.13	0.57	0.6	0.66	0.55	0.6	0.61	0.55	0.7	-0.54	0.62	0.58	0.6		0.56	-0.02	0.55	0.55	0.59	0.61
Intangible Assets	0.98	0.98	0.95	0.97	0.99	0.98	-0.26	0.94	0.99	0.9	0.94	0.96	0.98	0.92	0.5	-0.46	0.98	0.95	0.92	0.56		0.39	0.84	0.84	0.81	0.99
Other Current Liab	0.36	0.31	0.46	0.51	0.34	0.32	-0.18	0.4	0.35	0.16	0.38	0.43	0.29	0.35	0.52	0.2	0.34	0.32	0.38	-0.02	0.39		0.23	0.23	0.34	0.37
Cash	0.88	0.9	0.88	0.83	0.86	0.89	-0.14	0.89	0.85	0.78	0.91	0.77	0.89	0.9	0.47	-0.26	0.89	0.88	0.92	0.55	0.84	0.23		1.0	0.75	0.83
Cash And Short Term Investments	0.88	0.9	0.88	0.83	0.86	0.89	-0.14	0.89	0.85	0.78	0.91	0.77	0.89	0.9	0.47	-0.26	0.89	0.88	0.92	0.55	0.84	0.23	1.0		0.75	0.83
Current Deferred Revenue	0.77	0.77	0.75	0.75	0.76	0.76	-0.54	0.72	0.77	0.66	0.77	0.78	0.77	0.69	0.42	-0.41	0.77	0.71	0.74	0.59	0.81	0.34	0.75	0.75		0.8
Good Will	0.99	0.98	0.96	0.97	0.99	0.98	-0.25	0.95	1.0	0.91	0.94	0.97	0.98	0.93	0.56	-0.47	0.98	0.96	0.93	0.61	0.99	0.37	0.83	0.83	0.8

Click cells to compare fundamentals

Parkland Fuel Account Relationship Matchups

Parkland Fuel fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	9.3B	9.1B	11.6B	14.3B	13.9B	14.6B
Short Long Term Debt Total	3.9B	4.2B	5.6B	7.0B	6.4B	6.7B
Total Current Liabilities	1.9B	1.6B	2.3B	3.3B	3.4B	3.5B
Total Stockholder Equity	2.0B	1.9B	2.0B	3.0B	3.2B	3.3B
Property Plant And Equipment Net	3.7B	3.8B	4.4B	5.1B	5.2B	5.4B
Net Debt	3.7B	3.9B	5.3B	6.3B	6.0B	6.3B
Retained Earnings	53M	(49M)	(142M)	(206M)	9M	9.5M
Accounts Payable	1.4B	1.2B	2.0B	2.8B	2.8B	3.0B
Non Current Assets Total	7.1B	7.2B	8.4B	9.7B	9.5B	10.0B
Non Currrent Assets Other	237M	276M	205M	195M	225M	236.3M
Net Receivables	1.1B	826M	1.4B	1.9B	1.7B	1.8B
Common Stock Shares Outstanding	149.7M	150.9M	152.5M	161.1M	178.9M	187.9M
Liabilities And Stockholders Equity	9.3B	9.1B	11.6B	14.3B	13.9B	14.6B
Non Current Liabilities Total	5.1B	5.2B	7.0B	8.0B	7.3B	7.7B
Inventory	780M	650M	1.3B	1.7B	1.8B	1.8B
Other Current Assets	143M	116M	137M	227M	484M	508.2M
Other Stockholder Equity	(467M)	(444M)	(435M)	73M	(16M)	(15.2M)
Total Liab	7.0B	6.8B	9.2B	11.3B	10.7B	11.2B
Property Plant And Equipment Gross	3.7B	3.8B	6.3B	7.5B	7.8B	8.2B
Total Current Assets	2.2B	1.9B	3.1B	4.6B	4.3B	4.5B
Accumulated Other Comprehensive Income	(10M)	(28M)	(39M)	(67M)	(69M)	(72.5M)
Short Term Debt	127M	303M	245M	173M	191M	200.6M
Intangible Assets	965M	949M	1.1B	1.4B	1.2B	1.2B
Other Current Liab	285M	337M	(117M)	(166M)	249M	299.3M
Cash	244M	262M	284M	653M	387M	406.4M
Cash And Short Term Investments	244M	262M	284M	653M	387M	406.4M
Current Deferred Revenue	15M	22M	19M	23M	36M	13.2M
Good Will	1.8B	1.9B	2.2B	2.5B	2.4B	2.5B
Common Stock Total Equity	1.8B	1.9B	2.4B	2.4B	2.8B	1.4B
Common Stock	2.4B	2.4B	2.6B	3.2B	3.3B	1.9B
Other Liab	1.3B	1.3B	1.5B	1.2B	1.3B	741.2M
Net Tangible Assets	(818M)	(894M)	(1.3B)	(802M)	(721.8M)	(685.7M)
Other Assets	404M	439M	401M	279M	320.9M	236.6M
Long Term Debt	3.4B	3.9B	4.9B	6.1B	5.3B	3.0B
Short Long Term Debt	115M	303M	3M	1M	900K	855K
Property Plant Equipment	3.7B	3.8B	4.4B	5.1B	5.9B	6.2B
Long Term Debt Total	3.8B	3.9B	5.4B	6.8B	7.8B	8.2B
Capital Surpluse	27M	50M	59M	73M	84.0M	88.1M
Non Current Liabilities Other	28M	23M	40M	75M	54M	40.0M

Pair Trading with Parkland Fuel

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

Moving against Parkland Stock

0.5	X	TMX Group Limited	Pair Corr
0.39	L	Loblaw Companies	Pair Corr
0.37	WN	George Weston Limited	Pair Corr
0.35	ONEX	Onex Corp	Pair Corr

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

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

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

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Parkland Cash vs Net Debt Analysis

Cash vs Net Debt

Cash vs Net Debt Correlation Analysis

Correlation Coefficient

Cash

Net Debt

Parkland Fuel fundamental ratios Correlations

Parkland Fuel Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Parkland Fuel fundamental ratios Accounts

Pair Trading with Parkland Fuel

Moving against Parkland Stock

Other Information on Investing in Parkland Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

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

Other Stockholder Equity	- 0.67	Non Currrent Assets Other
Short Term Debt	- 0.54	Other Stockholder Equity
Current Deferred Revenue	- 0.54	Retained Earnings
Good Will	- 0.47	Other Stockholder Equity
Other Stockholder Equity	- 0.47	Non Current Assets Total
Other Stockholder Equity	- 0.47	Property Plant And Equipment Net