PyroGenesis Historical Cash Flow
| PYR Stock | CAD 0.59 0.05 9.26% |
Analysis of PyroGenesis Canada cash flow over time is an excellent tool to project PyroGenesis Canada future capital expenditures as well as to predict the amount of cash needed to cover cost of sales, R&D expenses or production expansions. Investors should almost always look for trends in cash flow indicators such as Begin Period Cash Flow of 2.7 M or Depreciation of 2.3 M as it is a great indicator of PyroGenesis Canada ability to facilitate future growth, repay debt on time or pay out dividends.
Financial Statement Analysis is much more than just reviewing and examining PyroGenesis Canada latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether PyroGenesis Canada is a good buy for the upcoming year.
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About PyroGenesis Cash Flow Analysis
The Cash Flow Statement is a financial statement that shows how changes in PyroGenesis balance sheet and income statement accounts affect cash and cash equivalents. It breaks the analysis down to operating, investing, and financing activities. One of the most critical aspects of the cash flow statement is liquidity, which is the degree to which PyroGenesis's non-liquid assets can be easily converted into cash.
PyroGenesis Canada Cash Flow Chart
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Free Cash Flow
The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.Capital Expenditures
Capital Expenditures are funds used by PyroGenesis Canada to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of PyroGenesis Canada operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in PyroGenesis Canada financial statement analysis. It represents the amount of money remaining after all of PyroGenesis Canada operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Stock Based Compensation
Compensation provided to employees in the form of equity or options to purchase company stock. This type of compensation is used to align the interests of employees and shareholders.Most accounts from PyroGenesis Canada's cash flow statement are interrelated and interconnected. However, analyzing cash flow statement accounts one by one will only give a small insight into PyroGenesis Canada current financial condition. On the other hand, looking into the entire matrix of cash flow statement accounts, 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 PyroGenesis Canada. 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, PyroGenesis Canada's Change To Operating Activities is very stable compared to the past year. As of the 28th of December 2024, Change To Netincome is likely to grow to about 38.2 M, though Change In Cash is likely to grow to (1.6 M).
| 2021 | 2022 | 2023 | 2024 (projected) | Begin Period Cash Flow | 18.1M | 12.2M | 3.4M | 2.7M | End Period Cash Flow | 12.2M | 3.4M | 1.8M | 2.6M |
PyroGenesis Canada cash flow statement Correlations
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PyroGenesis Canada Account Relationship Matchups
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PyroGenesis Canada cash flow statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change In Cash | (610.6K) | 18.1M | (5.9M) | (8.8M) | (1.6M) | (1.6M) | |
| Free Cash Flow | (4.2M) | (1.6M) | (19.9M) | (11.8M) | (12.9M) | (12.2M) | |
| Change In Working Capital | 1.8M | (4.1M) | (12.6M) | 4.4M | 9.8M | 10.3M | |
| Other Cashflows From Financing Activities | 85.3K | 12.1M | 13.9M | 2.2M | (100K) | (95K) | |
| Capital Expenditures | 988.6K | 815.7K | 1.7M | 686.4K | 324.8K | 594.0K | |
| Total Cash From Operating Activities | (3.2M) | (815.0K) | (18.1M) | (11.1M) | (12.5M) | (11.9M) | |
| Net Income | (9.2M) | 41.8M | (38.4M) | (32.2M) | (28.5M) | (27.1M) | |
| Total Cash From Financing Activities | 3.4M | 14.0M | 9.5M | 2.6M | 7.9M | 4.9M | |
| End Period Cash Flow | 34.4K | 18.1M | 12.2M | 3.4M | 1.8M | 2.6M | |
| Begin Period Cash Flow | 645.0K | 34.4K | 18.1M | 12.2M | 3.4M | 2.7M | |
| Other Non Cash Items | 1.2M | (43.9M) | 22.3M | 9.0M | (453.9K) | (431.2K) | |
| Depreciation | 548.8K | 498.6K | 1.4M | 2.1M | 2.2M | 2.3M | |
| Change To Account Receivables | 420.6K | (2.6M) | (12.4M) | (985.0K) | 9.8M | 10.3M | |
| Stock Based Compensation | 171.8K | 4.2M | 9.8M | 5.5M | 3.1M | 2.5M | |
| Change To Inventory | (839.4K) | (2.1M) | 148.7K | (988.8K) | (28.9K) | (30.3K) | |
| Sale Purchase Of Stock | 4.0M | (964.4K) | (4.2M) | 2.7M | 2.5M | 1.5M | |
| Total Cashflows From Investing Activities | (867.6K) | 4.9M | 2.7M | (368.2K) | (423.4K) | (402.2K) | |
| Investments | (867.6K) | 5.7M | 3.7M | (368.2K) | 1.5M | 1.5M | |
| Net Borrowings | (168.5K) | 79.7K | (1.5M) | (283.6K) | (255.2K) | (268.0K) | |
| Change To Operating Activities | (249.6K) | 403.8K | (2.5M) | 118.6K | 106.8K | 112.1K | |
| Other Cashflows From Investing Activities | (140.0K) | 5.7M | 4.5M | 318.2K | 366.0K | 347.7K | |
| Change To Netincome | 2.2M | 3.6M | (39.8M) | 31.6M | 36.3M | 38.2M | |
| Change To Liabilities | 3.1M | 840.3K | 2.8M | 4.5M | 5.1M | 5.4M | |
| Issuance Of Capital Stock | 3.7M | 12.3M | 0.0 | 1.3M | 6.3M | 4.0M |
Pair Trading with PyroGenesis Canada
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 PyroGenesis Canada 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 PyroGenesis Canada will appreciate offsetting losses from the drop in the long position's value.Moving against PyroGenesis Stock
| 0.92 | FFH | Fairfax Financial | PairCorr |
| 0.92 | FFH-PD | Fairfax Financial | PairCorr |
| 0.9 | FFH-PF | Fairfax Financial | PairCorr |
| 0.9 | FFH-PM | Fairfax Financial | PairCorr |
| 0.89 | FFH-PJ | Fairfax Financial | PairCorr |
The ability to find closely correlated positions to PyroGenesis Canada could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace PyroGenesis Canada 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 PyroGenesis Canada - 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 PyroGenesis Canada to buy it.
The correlation of PyroGenesis Canada 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 PyroGenesis Canada moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if PyroGenesis Canada 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 PyroGenesis Canada 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 PyroGenesis Stock
The Cash Flow Statement is a financial statement that shows how changes in PyroGenesis balance sheet and income statement accounts affect cash and cash equivalents. It breaks the analysis down to operating, investing, and financing activities. One of the most critical aspects of the cash flow statement is liquidity, which is the degree to which PyroGenesis's non-liquid assets can be easily converted into cash.