Power Non Current Liabilities Total vs Non Current Assets Total Analysis

POW Stock  CAD 47.04  0.07  0.15%   
Power financial indicator trend analysis is much more than just breaking down Power prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Power is a good investment. Please check the relationship between Power Non Current Liabilities Total and its Non Current Assets Total accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Power. 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.

Non Current Liabilities Total vs Non Current Assets Total

Non Current Liabilities Total vs Non Current Assets Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Power Non Current Liabilities Total account and Non Current Assets Total. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Power's Non Current Liabilities Total and Non Current Assets Total is 0.98. Overlapping area represents the amount of variation of Non Current Liabilities Total that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of Power, assuming nothing else is changed. The correlation between historical values of Power's Non Current Liabilities Total and Non Current Assets Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Liabilities Total of Power are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Non Current Liabilities Total i.e., Power's Non Current Liabilities Total and Non Current Assets Total go up and down completely randomly.

Correlation Coefficient

0.98
Relationship DirectionPositive 
Relationship StrengthVery Strong

Non Current Liabilities Total

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.
Most indicators from Power's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Power 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 Power. 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, Power's Tax Provision is very stable compared to the past year. As of the 29th of November 2024, Enterprise Value Over EBITDA is likely to grow to 7.68, while Selling General Administrative is likely to drop about 5.7 B.
 2021 2022 2023 2024 (projected)
Gross Profit69.6B48.7B46.4B35.6B
Total Revenue69.6B48.7B46.4B35.6B

Power fundamental ratios Correlations

0.910.820.950.810.570.730.690.590.650.841.00.960.60.78-0.840.880.610.860.550.220.850.860.850.910.3
0.910.80.780.970.760.540.450.370.40.830.90.860.330.83-0.910.880.580.840.260.370.630.610.610.840.2
0.820.80.70.720.660.30.770.150.430.740.820.770.190.84-0.610.590.240.950.140.590.550.690.730.950.27
0.950.780.70.660.360.810.720.720.810.810.960.970.760.59-0.790.860.640.790.70.040.920.910.880.830.45
0.810.970.720.660.810.440.310.270.280.770.80.740.220.83-0.870.780.490.730.170.380.510.460.460.740.09
0.570.760.660.360.810.130.07-0.05-0.120.380.550.45-0.160.89-0.570.50.140.59-0.130.510.220.110.130.6-0.11
0.730.540.30.810.440.130.410.980.650.540.730.720.910.29-0.750.810.860.420.92-0.510.820.720.640.510.24
0.690.450.770.720.310.070.410.350.740.70.70.680.50.41-0.370.420.230.760.430.290.670.90.920.780.48
0.590.370.150.720.27-0.050.980.350.650.440.60.610.940.1-0.630.710.830.280.96-0.650.770.650.570.370.26
0.650.40.430.810.28-0.120.650.740.650.710.660.750.810.12-0.490.540.460.540.75-0.10.760.830.80.510.71
0.840.830.740.810.770.380.540.70.440.710.840.860.520.53-0.810.780.530.810.40.290.640.780.790.760.53
1.00.90.820.960.80.550.730.70.60.660.840.960.610.76-0.840.880.620.860.560.210.860.870.860.910.31
0.960.860.770.970.740.450.720.680.610.750.860.960.630.65-0.840.890.640.860.560.180.820.860.850.860.45
0.60.330.190.760.22-0.160.910.50.940.810.520.610.630.03-0.560.650.710.330.95-0.540.850.730.660.390.49
0.780.830.840.590.830.890.290.410.10.120.530.760.650.03-0.610.570.210.750.060.550.470.460.480.83-0.13
-0.84-0.91-0.61-0.79-0.87-0.57-0.75-0.37-0.63-0.49-0.81-0.84-0.84-0.56-0.61-0.96-0.81-0.73-0.50.01-0.66-0.61-0.57-0.72-0.25
0.880.880.590.860.780.50.810.420.710.540.780.880.890.650.57-0.960.840.740.57-0.060.750.690.650.740.33
0.610.580.240.640.490.140.860.230.830.460.530.620.640.710.21-0.810.840.430.66-0.450.60.550.480.450.15
0.860.840.950.790.730.590.420.760.280.540.810.860.860.330.75-0.730.740.430.220.480.640.740.770.960.41
0.550.260.140.70.17-0.130.920.430.960.750.40.560.560.950.06-0.50.570.660.22-0.620.780.680.60.320.31
0.220.370.590.040.380.51-0.510.29-0.65-0.10.290.210.18-0.540.550.01-0.06-0.450.48-0.62-0.110.060.160.410.05
0.850.630.550.920.510.220.820.670.770.760.640.860.820.850.47-0.660.750.60.640.78-0.110.860.820.730.38
0.860.610.690.910.460.110.720.90.650.830.780.870.860.730.46-0.610.690.550.740.680.060.860.990.80.41
0.850.610.730.880.460.130.640.920.570.80.790.860.850.660.48-0.570.650.480.770.60.160.820.990.820.41
0.910.840.950.830.740.60.510.780.370.510.760.910.860.390.83-0.720.740.450.960.320.410.730.80.820.24
0.30.20.270.450.09-0.110.240.480.260.710.530.310.450.49-0.13-0.250.330.150.410.310.050.380.410.410.24
Click cells to compare fundamentals

Power Account Relationship Matchups

Power fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets477.3B629.1B661.6B733.7B749.5B787.0B
Short Long Term Debt Total19.4B22.2B19.5B21.2B20.9B22.0B
Total Stockholder Equity14.2B22.2B24.3B24.0B22.1B11.5B
Property Plant And Equipment Net3.1B3.2B3.7B4.4B5.1B5.3B
Net Debt11.4B12.1B11.4B12.3B11.8B12.4B
Retained Earnings10.8B8.7B10.8B11.1B10.0B8.0B
Non Current Assets Total153.0B181.4B189.7B178.2B707.1B742.5B
Common Stock Shares Outstanding437.9M647.6M681.6M673.5M663.1M541.5M
Liabilities And Stockholders Equity477.3B629.1B661.6B733.7B749.5B787.0B
Non Current Liabilities Total18.6B20.3B21.0B4.4B703.1B738.2B
Other Current Assets22.5B25.6B34.3B33.5B42.3B44.5B
Other Stockholder Equity1.7B3.0B3.0B2.3B2.6B2.8B
Total Liab440.7B590.4B617.9B689.5B708.2B743.6B
Property Plant And Equipment Gross1.7B1.9B3.1B3.2B3.7B3.9B
Total Current Assets13.8B16.8B15.7B30.7B70.8B74.4B
Accumulated Other Comprehensive Income1.7B3.0B3.0B2.5B1.9B2.0B
Intangible Assets5.8B6.3B7.6B8.3B6.7B5.7B
Other Current Liab(5.5B)(5.8B)(4.6B)(4.1B)(7.6B)(7.2B)
Total Current Liabilities5.5B5.8B4.2B4.4B7.6B7.9B
Short Term Debt1.5B2.6B407M274M3.5B3.6B
Cash6.8B9.5B8.2B8.9B9.1B5.6B
Non Currrent Assets Other(153.0B)(181.4B)(1.1B)(1.2B)493.3B517.9B
Other Assets310.4B430.9B456.2B524.8B(28.5B)(27.1B)
Cash And Short Term Investments6.8B9.5B8.2B22.2B21.9B23.0B
Common Stock Total Equity717M766M726M9.6B11.0B11.5B
Common Stock726M9.6B9.6B9.5B9.3B9.7B
Good Will10.3B14.0B13.0B14.6B14.6B11.1B
Accounts Payable4.0B3.2B3.8B3.7B4.0B3.3B
Net Receivables7.0B7.3B7.6B8.4B6.6B5.8B
Short Term Investments46.7B50.3B51.4B13.4B12.7B12.1B
Other Liab416.6B563.1B592.2B655.3B753.6B479.8B
Net Tangible Assets(3.0B)1.0B2.8B166M190.9M200.4M
Long Term Debt16.9B11.9B13.2B20.0B16.8B17.1B
Long Term Investments133.8B157.9B165.4B150.9B228.7B133.6B
Short Long Term Debt1.2B2.6B407M274M3.5B3.9B
Property Plant Equipment3.1B3.2B3.7B4.4B5.1B2.6B
Long Term Debt Total17.9B19.6B19.1B20.9B24.0B19.7B
Inventory(22.5B)(35.7B)(34.3B)(33.5B)(28.5B)(29.9B)

Pair Trading with Power

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

Moving against Power Stock

  0.63LCX Lycos EnergyPairCorr
  0.54SCD Scandium CanadaPairCorr
The ability to find closely correlated positions to Power could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Power 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 Power - 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 Power to buy it.
The correlation of Power 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 Power moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Power 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 Power 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 Power Stock

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