ATCO Retained Earnings vs Total Current Liabilities Analysis

ACO-Y Stock

CAD 50.00 1.00 1.96%

ATCO financial indicator trend analysis is way more than just evaluating ATCO prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ATCO is a good investment. Please check the relationship between ATCO Retained Earnings and its Total Current Liabilities accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ATCO. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

Retained Earnings vs Total Current Liabilities

Retained Earnings vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ATCO Retained Earnings account and Total Current Liabilities. At this time, the significance of the direction appears to have strong relationship.

The correlation between ATCO's Retained Earnings and Total Current Liabilities is 0.71. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of ATCO, assuming nothing else is changed. The correlation between historical values of ATCO's Retained Earnings and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of ATCO are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Retained Earnings i.e., ATCO's Retained Earnings and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.71

Relationship Direction	Positive
Relationship Strength	Significant

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Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Total Current Liabilities

Total Current Liabilities is an item on ATCO balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of ATCO are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Most indicators from ATCO's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ATCO 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in ATCO. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

Sales General And Administrative To Revenue is likely to gain to 0.15 in 2024, whereas Selling General Administrative is likely to drop slightly above 490.8 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	2.7B	3.1B	3.0B	2.7B
Total Revenue	4.3B	5.0B	4.7B	3.8B

Gross Profit Total Revenue

ATCO fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Current Deferred Revenue	Good Will	Intangible Assets
Common Stock Shares Outstanding		-0.11	-0.1	0.0	-0.13	-0.14	-0.1	-0.09	-0.12	-0.1	0.24	-0.1	-0.06	-0.22	-0.18	-0.11	0.16	-0.12	-0.32	-0.09	-0.23	-0.49	0.33	0.34	-0.75	-0.25
Total Assets	-0.11		0.99	0.73	0.76	0.99	0.99	0.98	0.99	0.55	0.45	1.0	0.31	0.54	0.85	1.0	-0.66	0.46	0.59	1.0	0.84	0.39	-0.67	-0.59	0.16	0.86
Short Long Term Debt Total	-0.1	0.99		0.66	0.74	0.97	0.97	0.99	0.96	0.48	0.39	0.99	0.38	0.48	0.81	0.99	-0.71	0.53	0.51	0.99	0.83	0.43	-0.59	-0.51	0.16	0.87
Other Current Liab	0.0	0.73	0.66		0.8	0.71	0.72	0.64	0.7	0.94	0.42	0.72	0.26	0.41	0.89	0.71	-0.13	0.28	0.73	0.73	0.72	0.09	-0.78	-0.9	-0.05	0.49
Total Current Liabilities	-0.13	0.76	0.74	0.8		0.71	0.72	0.74	0.71	0.74	0.26	0.75	0.44	0.36	0.91	0.74	-0.25	0.3	0.54	0.78	0.69	0.64	-0.58	-0.73	0.22	0.69
Total Stockholder Equity	-0.14	0.99	0.97	0.71	0.71		0.99	0.94	1.0	0.53	0.51	0.99	0.18	0.63	0.82	0.98	-0.67	0.36	0.6	0.98	0.82	0.36	-0.67	-0.58	0.17	0.86
Property Plant And Equipment Net	-0.1	0.99	0.97	0.72	0.72	0.99		0.96	0.99	0.53	0.46	1.0	0.21	0.55	0.82	0.99	-0.66	0.39	0.59	0.98	0.79	0.34	-0.67	-0.57	0.15	0.85
Net Debt	-0.09	0.98	0.99	0.64	0.74	0.94	0.96		0.94	0.47	0.3	0.98	0.42	0.39	0.81	0.99	-0.69	0.56	0.48	0.99	0.79	0.44	-0.56	-0.49	0.2	0.87
Retained Earnings	-0.12	0.99	0.96	0.7	0.71	1.0	0.99	0.94		0.52	0.52	0.99	0.17	0.63	0.81	0.98	-0.67	0.36	0.6	0.97	0.82	0.36	-0.67	-0.57	0.16	0.86
Accounts Payable	-0.1	0.55	0.48	0.94	0.74	0.53	0.53	0.47	0.52		0.26	0.54	0.26	0.3	0.8	0.53	0.07	0.25	0.73	0.55	0.61	0.1	-0.74	-0.96	0.06	0.37
Cash	0.24	0.45	0.39	0.42	0.26	0.51	0.46	0.3	0.52	0.26		0.43	-0.18	0.87	0.34	0.42	-0.36	-0.12	0.41	0.41	0.55	-0.1	-0.41	-0.25	-0.5	0.22
Non Current Assets Total	-0.1	1.0	0.99	0.72	0.75	0.99	1.0	0.98	0.99	0.54	0.43		0.3	0.52	0.83	1.0	-0.67	0.44	0.58	1.0	0.81	0.39	-0.66	-0.57	0.16	0.86
Non Currrent Assets Other	-0.06	0.31	0.38	0.26	0.44	0.18	0.21	0.42	0.17	0.26	-0.18	0.3		-0.22	0.34	0.34	-0.22	0.72	0.24	0.36	0.39	0.39	-0.23	-0.27	-0.01	0.17
Cash And Short Term Investments	-0.22	0.54	0.48	0.41	0.36	0.63	0.55	0.39	0.63	0.3	0.87	0.52	-0.22		0.45	0.51	-0.4	-0.12	0.53	0.5	0.66	0.21	-0.53	-0.39	-0.02	0.46
Net Receivables	-0.18	0.85	0.81	0.89	0.91	0.82	0.82	0.81	0.81	0.8	0.34	0.83	0.34	0.45		0.83	-0.31	0.4	0.62	0.86	0.83	0.42	-0.68	-0.81	0.21	0.75
Non Current Liabilities Total	-0.11	1.0	0.99	0.71	0.74	0.98	0.99	0.99	0.98	0.53	0.42	1.0	0.34	0.51	0.83		-0.68	0.5	0.57	1.0	0.84	0.38	-0.65	-0.57	0.16	0.86
Inventory	0.16	-0.66	-0.71	-0.13	-0.25	-0.67	-0.66	-0.69	-0.67	0.07	-0.36	-0.67	-0.22	-0.4	-0.31	-0.68		-0.45	-0.11	-0.66	-0.53	-0.31	0.21	0.01	0.01	-0.58
Other Current Assets	-0.12	0.46	0.53	0.28	0.3	0.36	0.39	0.56	0.36	0.25	-0.12	0.44	0.72	-0.12	0.4	0.5	-0.45		0.17	0.5	0.61	0.15	-0.21	-0.26	0.04	0.35
Other Stockholder Equity	-0.32	0.59	0.51	0.73	0.54	0.6	0.59	0.48	0.6	0.73	0.41	0.58	0.24	0.53	0.62	0.57	-0.11	0.17		0.56	0.63	0.21	-0.97	-0.84	0.09	0.31
Total Liab	-0.09	1.0	0.99	0.73	0.78	0.98	0.98	0.99	0.97	0.55	0.41	1.0	0.36	0.5	0.86	1.0	-0.66	0.5	0.56		0.84	0.41	-0.64	-0.58	0.16	0.87
Total Current Assets	-0.23	0.84	0.83	0.72	0.69	0.82	0.79	0.79	0.82	0.61	0.55	0.81	0.39	0.66	0.83	0.84	-0.53	0.61	0.63	0.84		0.33	-0.66	-0.66	0.08	0.7
Short Term Debt	-0.49	0.39	0.43	0.09	0.64	0.36	0.34	0.44	0.36	0.1	-0.1	0.39	0.39	0.21	0.42	0.38	-0.31	0.15	0.21	0.41	0.33		-0.2	-0.21	0.58	0.55
Common Stock	0.33	-0.67	-0.59	-0.78	-0.58	-0.67	-0.67	-0.56	-0.67	-0.74	-0.41	-0.66	-0.23	-0.53	-0.68	-0.65	0.21	-0.21	-0.97	-0.64	-0.66	-0.2		0.85	-0.08	-0.35
Current Deferred Revenue	0.34	-0.59	-0.51	-0.9	-0.73	-0.58	-0.57	-0.49	-0.57	-0.96	-0.25	-0.57	-0.27	-0.39	-0.81	-0.57	0.01	-0.26	-0.84	-0.58	-0.66	-0.21	0.85		-0.2	-0.41
Good Will	-0.75	0.16	0.16	-0.05	0.22	0.17	0.15	0.2	0.16	0.06	-0.5	0.16	-0.01	-0.02	0.21	0.16	0.01	0.04	0.09	0.16	0.08	0.58	-0.08	-0.2		0.5
Intangible Assets	-0.25	0.86	0.87	0.49	0.69	0.86	0.85	0.87	0.86	0.37	0.22	0.86	0.17	0.46	0.75	0.86	-0.58	0.35	0.31	0.87	0.7	0.55	-0.35	-0.41	0.5

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ATCO Account Relationship Matchups

ATCO fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	114.7M	114.7M	114.4M	114.3M	113.4M	94.3M
Total Assets	21.7B	22.2B	23.0B	24.1B	25.4B	15.4B
Short Long Term Debt Total	9.5B	9.7B	10.2B	10.2B	11.2B	6.6B
Other Current Liab	722M	859M	1.0B	1.4B	1.1B	607.9M
Total Current Liabilities	910M	1.1B	1.6B	1.5B	1.6B	1.0B
Total Stockholder Equity	4B	4.1B	4.1B	4.4B	4.4B	2.8B
Property Plant And Equipment Net	18.0B	18.4B	18.9B	19.6B	21.0B	12.4B
Net Debt	8.5B	8.7B	9.1B	9.2B	10.9B	5.9B
Retained Earnings	3.8B	3.9B	4.0B	4.1B	4.2B	2.5B
Accounts Payable	675M	695M	852M	1.2B	961M	751.1M
Cash	1.1B	1.1B	1.1B	1.0B	272M	258.4M
Non Current Assets Total	19.7B	20.2B	20.8B	21.8B	23.5B	13.6B
Non Currrent Assets Other	231M	239M	353M	405M	482M	473.7M
Cash And Short Term Investments	1.1B	1.1B	1.1B	1.0B	576M	771.5M
Net Receivables	740M	736M	856M	967M	902M	700.7M
Liabilities And Stockholders Equity	21.7B	22.2B	23.0B	24.1B	25.4B	15.4B
Non Current Liabilities Total	12.9B	13.3B	13.5B	14.3B	15.2B	8.9B
Inventory	64M	76M	61M	80M	114M	92.4M
Other Current Assets	172M	163M	231M	281M	228M	243.2M
Total Liab	13.8B	14.4B	15.1B	15.8B	16.9B	9.7B
Total Current Assets	2.0B	2.0B	2.2B	2.4B	1.8B	1.8B
Accumulated Other Comprehensive Income	(17M)	(12M)	(39M)	97M	6M	6.3M
Short Term Debt	188M	215M	573M	125M	548M	575.4M
Common Stock	173M	178M	180M	179M	187M	177.7M
Current Deferred Revenue	(675M)	(695M)	(852M)	(1.2B)	(961M)	(913.0M)
Intangible Assets	662M	685M	752M	870M	1.0B	607.9M

Pair Trading with ATCO

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

Moving together with ATCO Stock

0.69	WMT	Walmart Inc CDR	Pair Corr
0.71	UPS	UPS CDR	Pair Corr

Moving against ATCO Stock

0.36

UNH

UnitedHealth Group CDR

Pair Corr

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

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

Additional Tools for ATCO Stock Analysis

When running ATCO's price analysis, check to measure ATCO'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 ATCO is operating at the current time. Most of ATCO's value examination focuses on studying past and present price action to predict the probability of ATCO's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ATCO's price. Additionally, you may evaluate how the addition of ATCO to your portfolios can decrease your overall portfolio volatility.

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