AGF Net Debt vs Cash Analysis

AGF-B Stock

CAD 10.74 0.14 1.29%

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

Net Debt vs Cash

Net Debt vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of AGF Management Net Debt account and Cash. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between AGF Management's Net Debt and Cash is -0.66. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Cash in the same time period over historical financial statements of AGF Management Limited, assuming nothing else is changed. The correlation between historical values of AGF Management's Net Debt and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of AGF Management Limited are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Net Debt i.e., AGF Management's Net Debt and Cash go up and down completely randomly.

Correlation Coefficient

-0.66

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Cash

Cash refers to the most liquid asset of AGF Management, which is listed under current asset account on AGF Management Limited balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from AGF Management customers. The amounts must be unrestricted with restricted cash listed in a different AGF Management account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

Most indicators from AGF Management's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into AGF Management 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 AGF Management Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

At this time, AGF Management's Selling General Administrative is comparatively stable compared to the past year. Discontinued Operations is likely to gain to about 523.6 K in 2024, whereas Sales General And Administrative To Revenue is likely to drop 0.43 in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	138.8M	164.1M	147.7M	140.3M
Total Revenue	445.4M	446.1M	513.0M	502.0M

Gross Profit Total Revenue

AGF Management fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Total Current Assets	Other Current Liab	Total Current Liabilities	Current Deferred Revenue	Accounts Payable	Cash	Net Receivables	Good Will	Short Term Debt	Common Stock	Other Current Assets
Total Assets		0.26	0.73	0.39	-0.22	0.59	0.94	0.01	-0.43	0.3	0.79	-0.52	0.51	0.61	0.59	0.38	0.38	-0.69	-0.81	-0.17	0.22	0.53	0.75	-0.53	0.77	0.08
Short Long Term Debt Total	0.26		0.16	-0.67	0.01	-0.23	0.12	0.17	0.56	0.74	0.71	-0.19	0.94	-0.03	0.9	0.76	-0.27	0.01	-0.29	0.73	0.74	0.5	0.26	-0.2	0.71	0.11
Total Stockholder Equity	0.73	0.16		0.42	-0.19	0.89	0.84	0.05	-0.54	0.21	0.5	-0.64	0.46	0.82	0.55	0.3	0.5	-0.8	-0.93	-0.27	0.14	0.41	0.97	-0.55	0.69	0.12
Property Plant And Equipment Net	0.39	-0.67	0.42		-0.38	0.73	0.45	-0.28	-0.88	-0.28	-0.19	-0.19	-0.48	0.38	-0.38	-0.26	0.63	-0.38	-0.26	-0.79	-0.32	-0.27	0.28	-0.4	-0.19	-0.15
Net Debt	-0.22	0.01	-0.19	-0.38		-0.32	-0.01	0.36	0.23	-0.66	-0.15	0.15	-0.02	0.25	-0.12	-0.64	-0.5	-0.29	0.03	-0.01	-0.66	-0.1	-0.02	0.33	-0.06	0.33
Retained Earnings	0.59	-0.23	0.89	0.73	-0.32		0.71	-0.08	-0.77	0.01	0.17	-0.46	0.06	0.7	0.17	0.08	0.65	-0.68	-0.71	-0.55	-0.05	0.16	0.78	-0.55	0.32	0.03
Non Current Assets Total	0.94	0.12	0.84	0.45	-0.01	0.71		0.08	-0.54	0.05	0.65	-0.59	0.43	0.82	0.5	0.14	0.39	-0.88	-0.9	-0.32	-0.03	0.45	0.87	-0.49	0.73	0.16
Non Currrent Assets Other	0.01	0.17	0.05	-0.28	0.36	-0.08	0.08		-0.17	-0.12	0.09	-0.15	0.15	0.17	0.14	-0.09	0.2	-0.13	-0.15	-0.12	-0.12	0.12	0.14	-0.1	0.18	0.98
Other Assets	-0.43	0.56	-0.54	-0.88	0.23	-0.77	-0.54	-0.17		0.29	0.12	0.37	0.34	-0.56	0.24	0.25	-0.77	0.52	0.44	0.84	0.34	0.19	-0.45	0.5	0.04	-0.3
Cash And Short Term Investments	0.3	0.74	0.21	-0.28	-0.66	0.01	0.05	-0.12	0.29		0.61	-0.19	0.7	-0.22	0.73	0.99	0.11	0.24	-0.19	0.57	1.0	0.44	0.17	-0.35	0.54	-0.14
Common Stock Shares Outstanding	0.79	0.71	0.5	-0.19	-0.15	0.17	0.65	0.09	0.12	0.61		-0.4	0.84	0.31	0.86	0.66	0.0	-0.41	-0.64	0.38	0.55	0.67	0.58	-0.33	0.93	0.07
Short Term Investments	-0.52	-0.19	-0.64	-0.19	0.15	-0.46	-0.59	-0.15	0.37	-0.19	-0.4		-0.39	-0.64	-0.48	-0.24	-0.44	0.5	0.74	0.04	-0.17	-0.2	-0.71	0.28	-0.57	-0.12
Non Current Liabilities Total	0.51	0.94	0.46	-0.48	-0.02	0.06	0.43	0.15	0.34	0.7	0.84	-0.39		0.26	0.99	0.75	-0.12	-0.29	-0.58	0.59	0.67	0.64	0.55	-0.3	0.89	0.11
Other Stockholder Equity	0.61	-0.03	0.82	0.38	0.25	0.7	0.82	0.17	-0.56	-0.22	0.31	-0.64	0.26		0.31	-0.14	0.36	-0.96	-0.89	-0.44	-0.29	0.24	0.88	-0.36	0.53	0.24
Total Liab	0.59	0.9	0.55	-0.38	-0.12	0.17	0.5	0.14	0.24	0.73	0.86	-0.48	0.99	0.31		0.78	0.0	-0.32	-0.65	0.52	0.7	0.65	0.62	-0.36	0.92	0.11
Total Current Assets	0.38	0.76	0.3	-0.26	-0.64	0.08	0.14	-0.09	0.25	0.99	0.66	-0.24	0.75	-0.14	0.78		0.14	0.15	-0.28	0.55	0.98	0.51	0.26	-0.38	0.62	-0.11
Other Current Liab	0.38	-0.27	0.5	0.63	-0.5	0.65	0.39	0.2	-0.77	0.11	0.0	-0.44	-0.12	0.36	0.0	0.14		-0.24	-0.39	-0.68	0.08	0.0	0.4	-0.68	0.08	0.29
Total Current Liabilities	-0.69	0.01	-0.8	-0.38	-0.29	-0.68	-0.88	-0.13	0.52	0.24	-0.41	0.5	-0.29	-0.96	-0.32	0.15	-0.24		0.88	0.41	0.31	-0.32	-0.87	0.34	-0.57	-0.2
Current Deferred Revenue	-0.81	-0.29	-0.93	-0.26	0.03	-0.71	-0.9	-0.15	0.44	-0.19	-0.64	0.74	-0.58	-0.89	-0.65	-0.28	-0.39	0.88		0.17	-0.12	-0.53	-0.98	0.48	-0.82	-0.2
Accounts Payable	-0.17	0.73	-0.27	-0.79	-0.01	-0.55	-0.32	-0.12	0.84	0.57	0.38	0.04	0.59	-0.44	0.52	0.55	-0.68	0.41	0.17		0.61	0.34	-0.19	0.4	0.31	-0.25
Cash	0.22	0.74	0.14	-0.32	-0.66	-0.05	-0.03	-0.12	0.34	1.0	0.55	-0.17	0.67	-0.29	0.7	0.98	0.08	0.31	-0.12	0.61		0.4	0.1	-0.31	0.49	-0.15
Net Receivables	0.53	0.5	0.41	-0.27	-0.1	0.16	0.45	0.12	0.19	0.44	0.67	-0.2	0.64	0.24	0.65	0.51	0.0	-0.32	-0.53	0.34	0.4		0.46	-0.03	0.7	0.1
Good Will	0.75	0.26	0.97	0.28	-0.02	0.78	0.87	0.14	-0.45	0.17	0.58	-0.71	0.55	0.88	0.62	0.26	0.4	-0.87	-0.98	-0.19	0.1	0.46		-0.47	0.78	0.19
Short Term Debt	-0.53	-0.2	-0.55	-0.4	0.33	-0.55	-0.49	-0.1	0.5	-0.35	-0.33	0.28	-0.3	-0.36	-0.36	-0.38	-0.68	0.34	0.48	0.4	-0.31	-0.03	-0.47		-0.35	-0.21
Common Stock	0.77	0.71	0.69	-0.19	-0.06	0.32	0.73	0.18	0.04	0.54	0.93	-0.57	0.89	0.53	0.92	0.62	0.08	-0.57	-0.82	0.31	0.49	0.7	0.78	-0.35		0.16
Other Current Assets	0.08	0.11	0.12	-0.15	0.33	0.03	0.16	0.98	-0.3	-0.14	0.07	-0.12	0.11	0.24	0.11	-0.11	0.29	-0.2	-0.2	-0.25	-0.15	0.1	0.19	-0.21	0.16

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AGF Management Account Relationship Matchups

AGF Management fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.3B	1.4B	1.4B	1.4B	1.6B	2.3B
Short Long Term Debt Total	85.7M	84.6M	102.9M	89.9M	103.4M	98.2M
Total Stockholder Equity	1.0B	1.0B	1.0B	1.1B	1.3B	862.8M
Property Plant And Equipment Net	89.5M	95.1M	99.4M	99.7M	114.7M	120.4M
Net Debt	(8.3M)	(1.9M)	44.2M	39.4M	35.5M	33.7M
Retained Earnings	547.6M	561.8M	593.9M	651.1M	748.7M	458.2M
Non Current Assets Total	1.2B	1.2B	1.2B	1.3B	1.5B	1.8B
Non Currrent Assets Other	6.2M	2.5M	1.4M	1.9M	1.7M	1.6M
Other Assets	20.6M	12.8M	7.4M	3.9M	3.5M	3.4M
Cash And Short Term Investments	112.2M	109.6M	79.3M	72.6M	83.5M	79.4M
Common Stock Shares Outstanding	78.4M	71.7M	69.4M	67.2M	77.3M	90.3M
Short Term Investments	18.2M	23.1M	20.7M	22.2M	25.5M	24.2M
Liabilities And Stockholders Equity	1.3B	1.4B	1.4B	1.4B	1.6B	2.3B
Non Current Liabilities Total	240.8M	241.4M	262.7M	247.1M	284.2M	270.0M
Other Stockholder Equity	40.5M	40.2M	41.9M	44.5M	40.0M	38.0M
Total Liab	331.4M	328.2M	338.4M	331.4M	381.1M	362.0M
Total Current Assets	150.3M	153.0M	122.5M	116.9M	134.4M	127.7M
Accumulated Other Comprehensive Income	2.6M	3.0M	3.0M	2.9M	3.3M	3.5M
Other Current Liab	64.6M	62.5M	56.5M	59.4M	53.5M	50.8M
Total Current Liabilities	90.5M	86.8M	75.7M	84.3M	75.8M	72.0M
Accounts Payable	21.4M	20.4M	18.2M	18.9M	17.0M	16.1M
Cash	94.0M	86.5M	58.6M	50.5M	45.4M	43.1M
Net Receivables	38.1M	43.5M	43.2M	43.2M	38.9M	47.5M
Common Stock	425.5M	426.2M	391.7M	390.5M	449.1M	471.8M
Other Current Assets	17.2M	27.6M	22.3M	29.0M	26.1M	24.8M
Intangible Assets	690.4M	690.3M	690.2M	690.2M	793.7M	642.7M
Inventory	(17.2M)	(21.8M)	(19.8M)	(21.5M)	(19.3M)	(20.3M)
Long Term Debt	188.6M	207.3M	21.6M	5.8M	5.2M	5.0M
Long Term Investments	153.7M	161.5M	200.7M	257.2M	295.8M	193.1M
Other Liab	160.8M	159.7M	160.7M	160.9M	144.8M	140.2M
Net Tangible Assets	(18.4M)	72.8M	87.9M	87.6M	100.7M	105.7M
Property Plant Equipment	7.2M	87.4M	93.0M	97.5M	112.1M	117.7M
Non Current Liabilities Other	9.3M	10.4M	10.3M	10.4M	11.9M	10.8M
Net Invested Capital	1.0B	1.0B	1.1B	1.1B	985.2M	864.3M
Net Working Capital	59.7M	66.2M	46.8M	32.6M	37.5M	48.7M

Pair Trading with AGF Management

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

Moving together with AGF Stock

0.64

ASM

Avino Silver Gold

Pair Corr

Moving against AGF Stock

0.57

VCM

Vecima Networks

Pair Corr

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

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

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

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