Surge Historical Cash Flow
| SGY Stock | CAD 5.59 0.11 1.93% |
Analysis of Surge Energy cash flow over time is an excellent tool to project Surge Energy 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 Capital Expenditures of 190.7 M or Total Cash From Operating Activities of 279.4 M as it is a great indicator of Surge Energy ability to facilitate future growth, repay debt on time or pay out dividends.
Financial Statement Analysis is much more than just reviewing and examining Surge Energy 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 Surge Energy is a good buy for the upcoming year.
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About Surge Cash Flow Analysis
The Cash Flow Statement is a financial statement that shows how changes in Surge 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 Surge's non-liquid assets can be easily converted into cash.
Surge Energy Cash Flow Chart
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Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Surge Energy financial statement analysis. It represents the amount of money remaining after all of Surge Energy operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Depreciation
Depreciation indicates how much of Surge Energy value has been used up. For tax purposes Surge Energy can deduct the cost of the tangible assets it purchases as business expenses. However, Surge Energy must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.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.Net Borrowings
The difference between the amount of new debt a company has taken on and the amount of debt it has paid off during a given period.Dividends Paid
The total amount of dividends that a company has paid out to its shareholders over a specific period.Most accounts from Surge Energy's cash flow statement are interrelated and interconnected. However, analyzing cash flow statement accounts one by one will only give a small insight into Surge Energy 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Surge Energy. 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, Surge Energy's Net Borrowings is very stable compared to the past year. As of the 3rd of December 2024, Issuance Of Capital Stock is likely to grow to about 105.1 M, though Change In Working Capital is likely to grow to (8.9 M).
Surge Energy cash flow statement Correlations
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Surge Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Surge Energy cash flow statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Free Cash Flow | 30.0M | 19.4M | (3.3M) | 106.2M | 84.6M | 88.8M | |
| Change In Working Capital | (16.6M) | 16.7M | 18.1M | (4.3M) | (9.4M) | (8.9M) | |
| Other Cashflows From Financing Activities | (151K) | (112K) | 22.6M | 71.5M | 19.2M | 20.2M | |
| Capital Expenditures | 119.5M | 52.8M | 103.8M | 169.9M | 181.6M | 190.7M | |
| Total Cash From Operating Activities | 149.4M | 72.2M | 100.5M | 276.1M | 266.1M | 279.4M | |
| Net Income | (158.7M) | (747.3M) | 407.6M | 231.7M | 15.8M | 16.5M | |
| Total Cash From Financing Activities | (70.6M) | (29.5M) | (84.5M) | 56.1M | (88.6M) | (84.2M) | |
| Depreciation | 163.5M | 753.3M | (310.0M) | 142.3M | 256.3M | 269.1M | |
| Other Non Cash Items | 196.8M | 2.8M | (7.8M) | (26.2M) | (10.2M) | (9.7M) | |
| Sale Purchase Of Stock | 32.5M | 32.5M | 23.0M | (4.8M) | (5.5M) | (5.2M) | |
| Stock Based Compensation | 6.3M | 5.7M | 3.9M | 4.9M | 8.8M | 4.7M | |
| Net Borrowings | (54.4M) | (31.1M) | (107.1M) | 2.5M | 2.3M | 2.4M | |
| Total Cashflows From Investing Activities | (78.8M) | (42.7M) | (16.0M) | (332.3M) | (382.1M) | (363.0M) | |
| Dividends Paid | 23.9M | 31.6M | 8.6M | 17.9M | 46.8M | 28.3M | |
| Change To Operating Activities | (16.6M) | 16.7M | 18.1M | (4.3M) | (4.9M) | (4.7M) | |
| Other Cashflows From Investing Activities | (1.8M) | 4.1M | 4.4M | (162.3M) | (146.1M) | (138.8M) | |
| Change To Netincome | (23.0M) | (26.2M) | 691.8M | (111.9M) | (128.7M) | (122.3M) | |
| Investments | (78.8M) | (42.7M) | (16.0M) | (332.3M) | (339.0M) | (322.1M) | |
| Issuance Of Capital Stock | 15.6M | 10.3M | 23.0M | 80.5M | 100.1M | 105.1M |
Pair Trading with Surge Energy
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 Surge Energy 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 Surge Energy will appreciate offsetting losses from the drop in the long position's value.Moving against Surge Stock
| 0.49 | ENS-PA | E Split Corp | PairCorr |
| 0.46 | ENS | E Split Corp | PairCorr |
| 0.45 | NA-PG | National Bank Earnings Call Tomorrow | PairCorr |
| 0.32 | ENB-PFV | Enbridge Pref 5 | PairCorr |
The ability to find closely correlated positions to Surge Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Surge Energy 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 Surge Energy - 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 Surge Energy to buy it.
The correlation of Surge Energy 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 Surge Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Surge Energy 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 Surge Energy 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 Surge Stock
The Cash Flow Statement is a financial statement that shows how changes in Surge 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 Surge's non-liquid assets can be easily converted into cash.