Algonquin Historical Financial Ratios

AQN Stock

CAD 6.88 0.03 0.44%

Algonquin Power is presently reporting on over 99 different financial statement accounts. To analyze all of these accounts together requires a lot of time and effort. However, using these accounts to derive some meaningful and actionable indicators such as Dividend Yield of 0.0806, PTB Ratio of 1.04 or Days Sales Outstanding of 135 will help investors to properly organize and evaluate Algonquin Power Utilities financial condition quickly.

Quick Ratio Current Ratio

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Algonquin Power Utilities. 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.

About Algonquin Financial Ratios Analysis

Algonquin Power UtilitiesFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Algonquin Power investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on Algonquin financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Algonquin Power history.

Algonquin Power Financial Ratios Chart

At this time, Algonquin Power's Average Inventory is very stable compared to the past year. As of the 29th of November 2024, POCF Ratio is likely to grow to 17.30, while Price To Sales Ratio is likely to drop 2.16.

Price To Sales Ratio Dividend Yield Ptb Ratio Days Sales Outstanding Debt To Equity

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Price To Sales Ratio

Price to Sales Ratio is figured by comparing Algonquin Power Utilities stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Algonquin Power sales, a figure that is much harder to manipulate than other Algonquin Power Utilities multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.

Dividend Yield

Dividend Yield is Algonquin Power Utilities dividend as a percentage of Algonquin Power stock price. Algonquin Power Utilities dividend yield is a measure of Algonquin Power stock productivity, which can be interpreted as interest rate earned on an Algonquin Power investment. A financial ratio that shows how much a company pays out in dividends each year relative to its stock price, calculated as annual dividends per share divided by price per share.

Ptb Ratio

Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.

Debt To Equity

A measure of a company's financial leverage calculated by dividing its total liabilities by stockholders' equity, indicating the proportion of equity and debt the company is using to finance its assets.

Most ratios from Algonquin Power's fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into Algonquin Power Utilities current financial condition. On the other hand, looking into the entire matrix of fundamentals ratios, 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 Algonquin Power Utilities. 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.

	2021	2022	2023	2024 (projected)
Dividend Yield	0.0352	0.0946	0.054	0.0806
Price To Sales Ratio	3.93	1.48	2.27	2.16

Dividend Yield Price To Sales Ratio

Algonquin Power fundamentals Correlations

	Price To Sales Ratio	Dividend Yield	Ptb Ratio	Days Sales Outstanding	Book Value Per Share	Free Cash Flow Yield	Operating Cash Flow Per Share	Average Payables	Capex To Depreciation	Pb Ratio	Ev To Sales	Free Cash Flow Per Share	Roic	Inventory Turnover	Net Income Per Share	Days Of Inventory On Hand	Payables Turnover	Average Inventory	Capex To Revenue	Cash Per Share	Pocfratio	Interest Coverage	Payout Ratio	Capex To Operating Cash Flow	Pfcf Ratio	Days Payables Outstanding
Price To Sales Ratio		0.53	-0.32	1.0	-0.24	0.29	-0.53	-0.51	-0.56	-0.32	1.0	0.23	-0.07	0.0	-0.29	-0.2	-0.3	-0.73	-0.58	-0.18	0.83	-0.08	0.02	-0.24	0.23	0.98
Dividend Yield	0.53		-0.85	0.56	-0.13	-0.19	-0.3	-0.07	-0.4	-0.85	0.53	0.02	-0.17	-0.08	-0.71	-0.14	-0.19	-0.59	-0.39	-0.43	0.36	-0.25	0.33	-0.21	-0.06	0.47
Ptb Ratio	-0.32	-0.85		-0.35	0.13	0.27	0.35	0.19	0.28	1.0	-0.32	0.02	0.09	0.05	0.86	0.18	0.1	0.24	0.36	0.3	-0.17	0.28	-0.35	0.15	0.29	-0.24
Days Sales Outstanding	1.0	0.56	-0.35		-0.26	0.27	-0.55	-0.52	-0.58	-0.35	1.0	0.23	-0.08	0.0	-0.31	-0.22	-0.29	-0.73	-0.6	-0.2	0.82	-0.11	0.06	-0.25	0.21	0.97
Book Value Per Share	-0.24	-0.13	0.13	-0.26		-0.48	0.27	0.61	0.59	0.13	-0.24	-0.6	-0.32	-0.58	0.26	0.91	-0.49	-0.11	0.7	-0.12	0.07	0.32	-0.42	0.6	-0.11	-0.11
Free Cash Flow Yield	0.29	-0.19	0.27	0.27	-0.48		0.09	-0.36	-0.76	0.27	0.29	0.91	0.29	0.34	0.26	-0.31	0.13	-0.04	-0.71	0.4	-0.01	0.01	-0.1	-0.68	0.5	0.27
Operating Cash Flow Per Share	-0.53	-0.3	0.35	-0.55	0.27	0.09		0.61	0.33	0.35	-0.53	0.21	-0.11	-0.16	0.47	0.34	-0.13	0.17	0.35	-0.03	-0.73	0.47	-0.34	-0.28	0.34	-0.46
Average Payables	-0.51	-0.07	0.19	-0.52	0.61	-0.36	0.61		0.47	0.19	-0.51	-0.36	-0.41	-0.48	0.35	0.63	-0.32	-0.15	0.63	-0.38	-0.33	0.32	0.09	0.32	0.04	-0.43
Capex To Depreciation	-0.56	-0.4	0.28	-0.58	0.59	-0.76	0.33	0.47		0.28	-0.56	-0.77	-0.18	-0.27	0.29	0.44	-0.12	0.31	0.94	-0.13	-0.28	0.26	-0.23	0.64	-0.25	-0.5
Pb Ratio	-0.32	-0.85	1.0	-0.35	0.13	0.27	0.35	0.19	0.28		-0.32	0.02	0.09	0.05	0.86	0.18	0.1	0.24	0.36	0.3	-0.17	0.28	-0.35	0.15	0.29	-0.24
Ev To Sales	1.0	0.53	-0.32	1.0	-0.24	0.29	-0.53	-0.51	-0.56	-0.32		0.23	-0.07	0.0	-0.29	-0.2	-0.3	-0.73	-0.58	-0.18	0.83	-0.09	0.02	-0.24	0.23	0.98
Free Cash Flow Per Share	0.23	0.02	0.02	0.23	-0.6	0.91	0.21	-0.36	-0.77	0.02	0.23		0.21	0.3	0.06	-0.4	0.18	0.0	-0.78	0.22	-0.22	-0.06	0.02	-0.89	0.43	0.19
Roic	-0.07	-0.17	0.09	-0.08	-0.32	0.29	-0.11	-0.41	-0.18	0.09	-0.07	0.21		0.93	-0.03	-0.35	0.62	0.37	-0.18	0.78	-0.08	-0.36	-0.26	-0.07	0.22	-0.13
Inventory Turnover	0.0	-0.08	0.05	0.0	-0.58	0.34	-0.16	-0.48	-0.27	0.05	0.0	0.3	0.93		-0.11	-0.62	0.66	0.3	-0.29	0.7	-0.09	-0.37	-0.08	-0.19	0.23	-0.09
Net Income Per Share	-0.29	-0.71	0.86	-0.31	0.26	0.26	0.47	0.35	0.29	0.86	-0.29	0.06	-0.03	-0.11		0.4	-0.19	0.11	0.39	0.16	-0.2	0.27	-0.27	0.03	0.28	-0.16
Days Of Inventory On Hand	-0.2	-0.14	0.18	-0.22	0.91	-0.31	0.34	0.63	0.44	0.18	-0.2	-0.4	-0.35	-0.62	0.4		-0.47	-0.16	0.58	-0.21	0.0	0.29	-0.32	0.36	-0.14	-0.05
Payables Turnover	-0.3	-0.19	0.1	-0.29	-0.49	0.13	-0.13	-0.32	-0.12	0.1	-0.3	0.18	0.62	0.66	-0.19	-0.47		0.6	-0.19	0.35	-0.33	-0.23	0.07	-0.09	0.0	-0.44
Average Inventory	-0.73	-0.59	0.24	-0.73	-0.11	-0.04	0.17	-0.15	0.31	0.24	-0.73	0.0	0.37	0.3	0.11	-0.16	0.6		0.16	0.48	-0.66	0.05	-0.19	0.05	-0.22	-0.78
Capex To Revenue	-0.58	-0.39	0.36	-0.6	0.7	-0.71	0.35	0.63	0.94	0.36	-0.58	-0.78	-0.18	-0.29	0.39	0.58	-0.19	0.16		-0.09	-0.23	0.2	-0.2	0.7	-0.22	-0.48
Cash Per Share	-0.18	-0.43	0.3	-0.2	-0.12	0.4	-0.03	-0.38	-0.13	0.3	-0.18	0.22	0.78	0.7	0.16	-0.21	0.35	0.48	-0.09		-0.13	-0.06	-0.54	0.0	0.1	-0.17
Pocfratio	0.83	0.36	-0.17	0.82	0.07	-0.01	-0.73	-0.33	-0.28	-0.17	0.83	-0.22	-0.08	-0.09	-0.2	0.0	-0.33	-0.66	-0.23	-0.13		-0.1	0.03	0.32	0.09	0.83
Interest Coverage	-0.08	-0.25	0.28	-0.11	0.32	0.01	0.47	0.32	0.26	0.28	-0.09	-0.06	-0.36	-0.37	0.27	0.29	-0.23	0.05	0.2	-0.06	-0.1		-0.56	0.06	0.17	-0.04
Payout Ratio	0.02	0.33	-0.35	0.06	-0.42	-0.1	-0.34	0.09	-0.23	-0.35	0.02	0.02	-0.26	-0.08	-0.27	-0.32	0.07	-0.19	-0.2	-0.54	0.03	-0.56		-0.08	-0.22	-0.06
Capex To Operating Cash Flow	-0.24	-0.21	0.15	-0.25	0.6	-0.68	-0.28	0.32	0.64	0.15	-0.24	-0.89	-0.07	-0.19	0.03	0.36	-0.09	0.05	0.7	0.0	0.32	0.06	-0.08		-0.24	-0.21
Pfcf Ratio	0.23	-0.06	0.29	0.21	-0.11	0.5	0.34	0.04	-0.25	0.29	0.23	0.43	0.22	0.23	0.28	-0.14	0.0	-0.22	-0.22	0.1	0.09	0.17	-0.22	-0.24		0.23
Days Payables Outstanding	0.98	0.47	-0.24	0.97	-0.11	0.27	-0.46	-0.43	-0.5	-0.24	0.98	0.19	-0.13	-0.09	-0.16	-0.05	-0.44	-0.78	-0.48	-0.17	0.83	-0.04	-0.06	-0.21	0.23

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Algonquin Power Account Relationship Matchups

Algonquin Power fundamentals Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Price To Sales Ratio	4.35	5.49	3.93	1.48	2.27	2.16
Dividend Yield	0.029	0.0285	0.0352	0.0946	0.054	0.0806
Ptb Ratio	1.82	1.77	1.53	0.78	1.22	1.04
Days Sales Outstanding	58.21	70.7	64.43	69.7	70.92	134.62
Book Value Per Share	9.48	10.7	12.38	11.38	7.14	5.63
Free Cash Flow Yield	0.004236	(0.0305)	(0.13)	(0.11)	(0.065)	(0.0617)
Operating Cash Flow Per Share	1.22	0.9	0.25	0.98	0.65	0.54
Stock Based Compensation To Revenue	0.006795	0.0147	0.003673	0.003949	0.003854	0.004186
Capex To Depreciation	2.04	2.5	3.34	2.39	2.2	1.2
Pb Ratio	1.82	1.77	1.53	0.78	1.22	1.04
Ev To Sales	6.73	8.13	6.6	4.18	5.41	5.14
Free Cash Flow Per Share	0.0599	(0.5)	(1.91)	(0.75)	(0.41)	(0.39)
Roic	0.0409	0.0361	0.0453	0.0407	0.00957	0.01
Inventory Turnover	4.87	2.98	4.05	3.85	7.23	6.87
Days Of Inventory On Hand	75.01	122.55	90.23	94.75	50.46	28.21
Payables Turnover	2.95	2.09	3.88	4.66	7.81	4.98
Sales General And Administrative To Revenue	0.0456	0.0514	0.0363	0.033	0.0335	0.0433
Capex To Revenue	0.28	0.36	0.47	0.59	0.39	0.38
Cash Per Share	0.12	0.18	0.2	0.0916	(0.1)	(0.0997)
Pocfratio	11.56	18.21	57.09	6.61	9.75	17.3
Interest Coverage	2.01	2.11	2.0	2.12	1.25	1.5
Payout Ratio	0.39	0.34	1.7	(1.26)	11.54	12.11
Capex To Operating Cash Flow	0.95	1.56	8.54	1.76	1.63	1.02
Pfcf Ratio	236.09	(32.77)	(7.57)	(8.71)	(15.39)	(14.62)
Days Payables Outstanding	123.78	174.91	94.05	78.38	46.75	44.41
Income Quality	1.26	0.69	0.85	(2.01)	(18.86)	(17.91)
Roe	0.14	0.15	0.0317	(0.059)	0.00569	0.005405
Ev To Operating Cash Flow	17.89	26.99	95.74	18.65	23.23	18.63
Pe Ratio	13.31	11.76	48.42	(13.28)	213.65	224.33
Return On Tangible Assets	0.054	0.0657	0.012	(0.019)	0.001691	0.001607
Ev To Free Cash Flow	365.38	(48.57)	(12.69)	(24.57)	(36.64)	(34.8)
Earnings Yield	0.0751	0.085	0.0207	(0.0753)	0.004681	0.004447
Intangibles To Total Assets	0.0989	0.1	0.0778	0.0804	0.0772	0.0887
Net Debt To E B I T D A	6.07	6.77	8.02	6.92	11.77	12.36
Current Ratio	0.59	0.73	0.69	0.71	0.63	1.09
Tangible Book Value Per Share	7.32	8.34	10.28	9.12	5.68	4.79
Receivables Turnover	6.27	5.16	5.67	5.24	5.15	4.3

Pair Trading with Algonquin Power

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

Moving against Algonquin Stock

0.71	FFH	Fairfax Financial	Pair Corr
0.69	FFH-PD	Fairfax Financial	Pair Corr
0.62	TPX-B	Molson Coors Canada	Pair Corr
0.59	FFH-PM	Fairfax Financial	Pair Corr
0.56	ELF	E L Financial	Pair Corr

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

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

When determining whether Algonquin Power Utilities offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Algonquin Power's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Algonquin Power Utilities Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Algonquin Power Utilities Stock:

How To Invest In Algonquin

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Is Algonquin Stock a good investment?

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What is Algonquin Power's Net Worth?

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You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.

Please note, there is a significant difference between Algonquin Power's value and its price as these two are different measures arrived at by different means. Investors typically determine if Algonquin Power is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Algonquin Power's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Price To Sales Ratio	Dividend Yield
Ptb Ratio	Days Sales Outstanding
Book Value Per Share	Free Cash Flow Yield
Invested Capital	Operating Cash Flow Per Share
Average Payables	Stock Based Compensation To Revenue
Capex To Depreciation	Pb Ratio
Ev To Sales	Free Cash Flow Per Share
Roic	Inventory Turnover
Net Income Per Share	Days Of Inventory On Hand
Payables Turnover	Sales General And Administrative To Revenue
Average Inventory	Research And Ddevelopement To Revenue
Capex To Revenue	Cash Per Share
Pocfratio	Interest Coverage
Payout Ratio	Capex To Operating Cash Flow
Pfcf Ratio	Days Payables Outstanding
Net Current Asset Value	Income Quality
Roe	Tangible Asset Value
Ev To Operating Cash Flow	Pe Ratio
Return On Tangible Assets	Ev To Free Cash Flow
Earnings Yield	Intangibles To Total Assets
Net Debt To E B I T D A	Current Ratio
Tangible Book Value Per Share	Receivables Turnover
Graham Number	Shareholders Equity Per Share
Debt To Equity	Capex Per Share
Graham Net Net	Average Receivables
Revenue Per Share	Interest Debt Per Share
Debt To Assets	Enterprise Value Over E B I T D A
Short Term Coverage Ratios	Price Earnings Ratio
Operating Cycle	Price Book Value Ratio
Price Earnings To Growth Ratio	Days Of Payables Outstanding
Dividend Payout Ratio	Price To Operating Cash Flows Ratio
Price To Free Cash Flows Ratio	Pretax Profit Margin
Ebt Per Ebit	Operating Profit Margin
Effective Tax Rate	Company Equity Multiplier
Long Term Debt To Capitalization	Total Debt To Capitalization
Return On Capital Employed	Debt Equity Ratio
Ebit Per Revenue	Quick Ratio
Dividend Paid And Capex Coverage Ratio	Net Income Per E B T
Cash Ratio	Cash Conversion Cycle
Operating Cash Flow Sales Ratio	Days Of Inventory Outstanding
Days Of Sales Outstanding	Free Cash Flow Operating Cash Flow Ratio
Cash Flow Coverage Ratios	Price To Book Ratio
Fixed Asset Turnover	Capital Expenditure Coverage Ratio
Price Cash Flow Ratio	Enterprise Value Multiple
Debt Ratio	Cash Flow To Debt Ratio
Price Sales Ratio	Return On Assets
Asset Turnover	Net Profit Margin
Gross Profit Margin	Price Fair Value
Return On Equity

Algonquin Historical Financial Ratios

About Algonquin Financial Ratios Analysis

Algonquin Power Financial Ratios Chart

Price To Sales Ratio

Dividend Yield

Ptb Ratio

Debt To Equity

Algonquin Power fundamentals Correlations

Algonquin Power Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Algonquin Power fundamentals Accounts

Pair Trading with Algonquin Power

Moving against Algonquin Stock

COMMON DESTINATIONS

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COMPANY

Days Sales Outstanding	+ 1.0	Price To Sales Ratio
Ev To Sales	+ 1.0	Price To Sales Ratio
Pb Ratio	+ 1.0	Ptb Ratio
Ev To Sales	+ 1.0	Days Sales Outstanding
Days Payables Outstanding	+ 0.98	Price To Sales Ratio
Days Payables Outstanding	+ 0.98	Ev To Sales

Capex To Operating Cash Flow	- 0.89	Free Cash Flow Per Share
Pb Ratio	- 0.85	Dividend Yield
Ptb Ratio	- 0.85	Dividend Yield
Days Payables Outstanding	- 0.78	Average Inventory
Capex To Revenue	- 0.78	Free Cash Flow Per Share
Free Cash Flow Per Share	- 0.77	Capex To Depreciation