Alithya Free Cash Flow vs Net Borrowings Analysis

ALYA Stock

CAD 1.61 0.06 3.59%

Alithya Group financial indicator trend analysis is way more than just evaluating Alithya Group inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Alithya Group inc is a good investment. Please check the relationship between Alithya Group Free Cash Flow and its Net Borrowings accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alithya Group inc. 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.

Free Cash Flow vs Net Borrowings

Free Cash Flow vs Net Borrowings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Alithya Group inc Free Cash Flow account and Net Borrowings. At this time, the significance of the direction appears to have strong relationship.

The correlation between Alithya Group's Free Cash Flow and Net Borrowings is 0.62. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Net Borrowings in the same time period over historical financial statements of Alithya Group inc, assuming nothing else is changed. The correlation between historical values of Alithya Group's Free Cash Flow and Net Borrowings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow of Alithya Group inc are associated (or correlated) with its Net Borrowings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Borrowings has no effect on the direction of Free Cash Flow i.e., Alithya Group's Free Cash Flow and Net Borrowings go up and down completely randomly.

Correlation Coefficient

0.62

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

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.

Most indicators from Alithya Group's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Alithya Group inc 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 Alithya Group inc. 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, Alithya Group's Enterprise Value Over EBITDA is very stable compared to the past year. As of the 1st of December 2024, Enterprise Value Multiple is likely to grow to 24.41, while Tax Provision is likely to drop about 58 K.

	2021	2022	2023	2024 (projected)
Depreciation And Amortization	19.7M	34.0M	29.0M	16.9M
Interest Income	80K	349K	668K	1.1M

Depreciation And Amortization Interest Income

Alithya Group fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Short Long Term Debt	Total Current Assets
Total Assets		0.97	0.91	0.96	0.98	0.85	-0.66	0.84	0.95	-0.92	0.82	0.81	1.0	-0.41	0.74	0.96	0.81	0.99	0.99	0.95	0.97	0.25	-0.67	0.98	0.2	0.99
Short Long Term Debt Total	0.97		0.86	0.97	0.89	0.88	-0.78	0.83	0.99	-0.93	0.85	0.77	0.97	-0.43	0.68	0.97	0.76	0.95	0.97	0.96	0.98	0.37	-0.56	1.0	0.32	0.95
Other Current Liab	0.91	0.86		0.9	0.92	0.71	-0.52	0.93	0.83	-0.81	0.55	0.78	0.9	-0.24	0.92	0.8	0.78	0.93	0.86	0.84	0.82	0.22	-0.77	0.87	0.32	0.93
Total Current Liabilities	0.96	0.97	0.9		0.9	0.84	-0.72	0.85	0.96	-0.91	0.79	0.81	0.95	-0.39	0.76	0.91	0.79	0.95	0.94	0.95	0.93	0.39	-0.6	0.98	0.46	0.96
Total Stockholder Equity	0.98	0.89	0.92	0.9		0.78	-0.51	0.81	0.87	-0.87	0.73	0.78	0.97	-0.38	0.78	0.91	0.79	0.98	0.96	0.88	0.91	0.1	-0.74	0.92	0.1	0.97
Other Liab	0.85	0.88	0.71	0.84	0.78		-0.88	0.65	0.88	-0.92	0.8	0.62	0.86	-0.73	0.51	0.88	0.61	0.82	0.87	0.85	0.88	0.41	-0.26	0.88	0.17	0.82
Net Tangible Assets	-0.66	-0.78	-0.52	-0.72	-0.51	-0.88		-0.53	-0.8	0.71	-0.72	-0.49	-0.68	0.54	-0.29	-0.75	-0.46	-0.59	-0.68	-0.71	-0.76	-0.66	0.1	-0.76	-0.31	-0.6
Property Plant And Equipment Net	0.84	0.83	0.93	0.85	0.81	0.65	-0.53		0.83	-0.79	0.49	0.65	0.84	-0.15	0.92	0.74	0.63	0.84	0.77	0.8	0.79	0.12	-0.73	0.83	0.37	0.83
Net Debt	0.95	0.99	0.83	0.96	0.87	0.88	-0.8	0.83		-0.93	0.83	0.7	0.96	-0.46	0.67	0.96	0.69	0.92	0.96	0.95	0.97	0.34	-0.52	0.99	0.32	0.92
Retained Earnings	-0.92	-0.93	-0.81	-0.91	-0.87	-0.92	0.71	-0.79	-0.93		-0.79	-0.69	-0.92	0.66	-0.69	-0.9	-0.68	-0.92	-0.92	-0.93	-0.91	-0.22	0.41	-0.93	-0.29	-0.91
Accounts Payable	0.82	0.85	0.55	0.79	0.73	0.8	-0.72	0.49	0.83	-0.79		0.75	0.82	-0.46	0.27	0.9	0.74	0.79	0.86	0.86	0.89	0.44	-0.36	0.86	0.06	0.8
Cash	0.81	0.77	0.78	0.81	0.78	0.62	-0.49	0.65	0.7	-0.69	0.75		0.78	-0.15	0.55	0.77	1.0	0.83	0.77	0.82	0.78	0.49	-0.67	0.8	0.21	0.86
Non Current Assets Total	1.0	0.97	0.9	0.95	0.97	0.86	-0.68	0.84	0.96	-0.92	0.82	0.78		-0.42	0.73	0.97	0.77	0.98	0.99	0.94	0.98	0.24	-0.66	0.99	0.18	0.98
Non Currrent Assets Other	-0.41	-0.43	-0.24	-0.39	-0.38	-0.73	0.54	-0.15	-0.46	0.66	-0.46	-0.15	-0.42		-0.14	-0.47	-0.15	-0.42	-0.48	-0.48	-0.44	-0.19	-0.34	-0.43	-0.05	-0.4
Other Assets	0.74	0.68	0.92	0.76	0.78	0.51	-0.29	0.92	0.67	-0.69	0.27	0.55	0.73	-0.14		0.57	0.55	0.79	0.67	0.67	0.61	-0.03	-0.72	0.69	0.41	0.77
Long Term Debt	0.96	0.97	0.8	0.91	0.91	0.88	-0.75	0.74	0.96	-0.9	0.9	0.77	0.97	-0.47	0.57		0.76	0.93	0.98	0.95	1.0	0.34	-0.54	0.97	0.08	0.94
Cash And Short Term Investments	0.81	0.76	0.78	0.79	0.79	0.61	-0.46	0.63	0.69	-0.68	0.74	1.0	0.77	-0.15	0.55	0.76		0.83	0.77	0.81	0.76	0.46	-0.68	0.79	0.19	0.86
Net Receivables	0.99	0.95	0.93	0.95	0.98	0.82	-0.59	0.84	0.92	-0.92	0.79	0.83	0.98	-0.42	0.79	0.93	0.83		0.97	0.95	0.94	0.23	-0.67	0.96	0.23	1.0
Good Will	0.99	0.97	0.86	0.94	0.96	0.87	-0.68	0.77	0.96	-0.92	0.86	0.77	0.99	-0.48	0.67	0.98	0.77	0.97		0.94	0.98	0.25	-0.6	0.98	0.17	0.97
Common Stock Shares Outstanding	0.95	0.96	0.84	0.95	0.88	0.85	-0.71	0.8	0.95	-0.93	0.86	0.82	0.94	-0.48	0.67	0.95	0.81	0.95	0.94		0.95	0.42	-0.51	0.97	0.28	0.95
Non Current Liabilities Total	0.97	0.98	0.82	0.93	0.91	0.88	-0.76	0.79	0.97	-0.91	0.89	0.78	0.98	-0.44	0.61	1.0	0.76	0.94	0.98	0.95		0.33	-0.57	0.99	0.13	0.94
Other Current Assets	0.25	0.37	0.22	0.39	0.1	0.41	-0.66	0.12	0.34	-0.22	0.44	0.49	0.24	-0.19	-0.03	0.34	0.46	0.23	0.25	0.42	0.33		0.08	0.36	0.35	0.27
Other Stockholder Equity	-0.67	-0.56	-0.77	-0.6	-0.74	-0.26	0.1	-0.73	-0.52	0.41	-0.36	-0.67	-0.66	-0.34	-0.72	-0.54	-0.68	-0.67	-0.6	-0.51	-0.57	0.08		-0.6	-0.07	-0.69
Total Liab	0.98	1.0	0.87	0.98	0.92	0.88	-0.76	0.83	0.99	-0.93	0.86	0.8	0.99	-0.43	0.69	0.97	0.79	0.96	0.98	0.97	0.99	0.36	-0.6		0.28	0.97
Short Long Term Debt	0.2	0.32	0.32	0.46	0.1	0.17	-0.31	0.37	0.32	-0.29	0.06	0.21	0.18	-0.05	0.41	0.08	0.19	0.23	0.17	0.28	0.13	0.35	-0.07	0.28		0.23
Total Current Assets	0.99	0.95	0.93	0.96	0.97	0.82	-0.6	0.83	0.92	-0.91	0.8	0.86	0.98	-0.4	0.77	0.94	0.86	1.0	0.97	0.95	0.94	0.27	-0.69	0.97	0.23

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Alithya Group Account Relationship Matchups

Alithya Group fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	257.8M	243.3M	447.7M	464.1M	416.5M	285.3M
Short Long Term Debt Total	66.5M	70.4M	127.9M	145.7M	128.9M	78.5M
Other Current Liab	35.1M	36.2M	62.0M	37.9M	33.2M	33.3M
Total Current Liabilities	62.6M	98.9M	132.9M	130.2M	117.0M	89.8M
Total Stockholder Equity	127.4M	108.0M	199.8M	187.1M	175.2M	127.2M
Other Liab	2.2M	4.1M	3.0M	10.0M	11.5M	12.0M
Net Tangible Assets	24.3M	(2.0M)	(1.5M)	(48.3M)	(43.4M)	(41.3M)
Property Plant And Equipment Net	18.7M	19.6M	25.6M	18.1M	10.2M	12.1M
Net Debt	57.7M	63.5M	110.3M	123.1M	120.0M	66.1M
Retained Earnings	(78.8M)	(96.2M)	(111.7M)	(141.5M)	(157.4M)	(149.5M)
Accounts Payable	15.0M	15.2M	26.6M	53.1M	41.8M	27.4M
Cash	8.8M	6.9M	17.7M	22.6M	8.9M	12.4M
Non Current Assets Total	162.1M	147.6M	294.0M	308.0M	276.9M	177.7M
Non Currrent Assets Other	2.2M	3.2M	1.3M	1.1M	(68.1M)	(64.7M)
Other Assets	14.0M	18.5M	20.4M	7.1M	8.2M	10.1M
Long Term Debt	52.1M	19.8M	87.4M	114.4M	104.7M	53.5M
Cash And Short Term Investments	8.8M	6.9M	17.7M	22.6M	8.9M	12.6M
Net Receivables	83.7M	84.9M	126.7M	125.8M	123.7M	89.9M
Good Will	77.6M	72.9M	146.1M	166.4M	166.5M	95.6M
Common Stock Shares Outstanding	56.4M	58.2M	85.3M	94.2M	95.5M	65.9M
Liabilities And Stockholders Equity	257.8M	243.3M	447.7M	464.1M	416.5M	285.3M
Non Current Liabilities Total	67.8M	36.3M	115.1M	146.8M	124.3M	68.3M
Other Current Assets	3.2M	3.9M	9.4M	7.7M	7.1M	7.1M
Other Stockholder Equity	(116.6M)	(101.3M)	(193.6M)	(170.5M)	15.6M	16.3M
Total Liab	130.4M	135.2M	248.0M	277.0M	241.3M	158.1M
Short Long Term Debt	1.1M	35.1M	19.3M	12.8M	12.7M	14.9M
Total Current Assets	95.7M	95.7M	153.7M	156.1M	139.6M	107.6M
Accumulated Other Comprehensive Income	6.1M	(508K)	(947K)	4.6M	4.6M	4.8M
Short Term Debt	2.7M	37.1M	22.8M	16.7M	16.8M	17.0M
Intangible Assets	51.8M	36.6M	101.9M	104.3M	81.3M	57.3M
Common Stock	195.3M	197.5M	305.2M	312.0M	312.4M	201.5M
Property Plant Equipment	18.7M	19.6M	25.6M	18.1M	20.8M	12.2M
Current Deferred Revenue	9.8M	10.4M	21.4M	22.5M	25.3M	13.6M
Long Term Debt Total	63.8M	33.4M	105.1M	129.0M	148.4M	155.8M
Capital Surpluse	4.7M	7.2M	7.1M	12.0M	10.8M	10.2M
Property Plant And Equipment Gross	18.7M	21.9M	30.4M	26.0M	20.5M	17.0M
Net Invested Capital	180.6M	163.0M	306.4M	314.3M	292.6M	237.5M
Net Working Capital	33.1M	(3.2M)	20.8M	25.9M	22.6M	22.1M
Capital Stock	195.3M	197.5M	305.2M	312.0M	312.4M	276.7M

Pair Trading with Alithya Group

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

Moving against Alithya Stock

0.59	AMZN	Amazon CDR	Pair Corr
0.47	BOFA	Bank of America	Pair Corr
0.41	JPM	JPMorgan Chase	Pair Corr
0.37	GOOG	Alphabet CDR	Pair Corr
0.33	TD-PFD	Toronto Dominion Bank Earnings Call This Week	Pair Corr

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

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

Other Information on Investing in Alithya Stock

Balance Sheet is a snapshot of the financial position of Alithya Group inc at a specified time, usually calculated after every quarter, six months, or one year. Alithya Group Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Alithya Group and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Alithya currently owns. An asset can also be divided into two categories, current and non-current.

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Alithya Free Cash Flow vs Net Borrowings Analysis

Free Cash Flow vs Net Borrowings

Free Cash Flow vs Net Borrowings Correlation Analysis

Correlation Coefficient

Free Cash Flow

Net Borrowings

Alithya Group fundamental ratios Correlations

Alithya Group Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Alithya Group fundamental ratios Accounts

Pair Trading with Alithya Group

Moving against Alithya Stock

Other Information on Investing in Alithya Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Total Liab	+ 1.0	Short Long Term Debt Total
Cash And Short Term Investments	+ 1.0	Cash
Non Current Liabilities Total	+ 1.0	Long Term Debt
Total Current Assets	+ 1.0	Net Receivables
Net Receivables	+ 0.99	Total Assets

Total Liab	- 0.93	Retained Earnings
Common Stock Shares Outstanding	- 0.93	Retained Earnings
Retained Earnings	- 0.93	Net Debt
Retained Earnings	- 0.93	Short Long Term Debt Total
Good Will	- 0.92	Retained Earnings
Net Receivables	- 0.92	Retained Earnings