17 Education Net Debt To E B I T D A from 2010 to 2024
| YQ Stock | USD 1.90 0.10 5.56% |
Net Debt To EBITDA | First Reported 2010-12-31 | Previous Quarter 0.88683596 | Current Value 1.31 | Quarterly Volatility 0.71723776 |
Check 17 Education financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among 17 Education's main balance sheet or income statement drivers, such as Tax Provision of 0.0, Net Interest Income of 17.4 M or Interest Expense of 19.9 M, as well as many indicators such as Price To Sales Ratio of 0.75, Dividend Yield of 0.0 or PTB Ratio of 0.24. 17 Education financial statements analysis is a perfect complement when working with 17 Education Valuation or Volatility modules.
17 Education | Net Debt To E B I T D A |
Latest 17 Education's Net Debt To E B I T D A Growth Pattern
Below is the plot of the Net Debt To E B I T D A of 17 Education Technology over the last few years. It is a leverage ratio that indicates a company's ability to pay off its incurred debt. It compares a company's net debt (total debt minus cash) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). 17 Education's Net Debt To EBITDA historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in 17 Education's overall financial position and show how it may be relating to other accounts over time.
| Net Debt To E B I T D A | 10 Years Trend |
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Net Debt To E B I T D A |
| Timeline |
17 Education Net Debt To E B I T D A Regression Statistics
| Arithmetic Mean | 1.75 | |
| Geometric Mean | 1.60 | |
| Coefficient Of Variation | 41.02 | |
| Mean Deviation | 0.46 | |
| Median | 1.89 | |
| Standard Deviation | 0.72 | |
| Sample Variance | 0.51 | |
| Range | 3.1202 | |
| R-Value | (0.17) | |
| Mean Square Error | 0.54 | |
| R-Squared | 0.03 | |
| Significance | 0.54 | |
| Slope | (0.03) | |
| Total Sum of Squares | 7.20 |
17 Education Net Debt To E B I T D A History
About 17 Education Financial Statements
17 Education shareholders use historical fundamental indicators, such as Net Debt To E B I T D A, to determine how well the company is positioned to perform in the future. Although 17 Education investors may analyze each financial statement separately, they are all interrelated. The changes in 17 Education's assets and liabilities, for example, are also reflected in the revenues and expenses on on 17 Education's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Net Debt To EBITDA | 0.89 | 1.31 |
Pair Trading with 17 Education
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 17 Education 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 17 Education will appreciate offsetting losses from the drop in the long position's value.Moving together with 17 Education Stock
Moving against 17 Education Stock
| 0.6 | LRN | Stride Inc | PairCorr |
| 0.54 | UTI | Universal Technical | PairCorr |
| 0.42 | EEIQ | Elite Education Group | PairCorr |
The ability to find closely correlated positions to 17 Education could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 17 Education 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 17 Education - 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 17 Education Technology to buy it.
The correlation of 17 Education 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 17 Education moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if 17 Education Technology 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 17 Education 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.Additional Tools for 17 Education Stock Analysis
When running 17 Education's price analysis, check to measure 17 Education's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy 17 Education is operating at the current time. Most of 17 Education's value examination focuses on studying past and present price action to predict the probability of 17 Education's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move 17 Education's price. Additionally, you may evaluate how the addition of 17 Education to your portfolios can decrease your overall portfolio volatility.