Algonquin Net Interest Income vs Ebitda Analysis

AQN Stock

CAD 6.78 0.13 1.95%

Algonquin Power financial indicator trend analysis is way more than just evaluating Algonquin Power Utilities prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Algonquin Power Utilities is a good investment. Please check the relationship between Algonquin Power Net Interest Income and its Ebitda accounts. 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.

Net Interest Income vs Ebitda

Net Interest Income vs Ebitda Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Algonquin Power Utilities Net Interest Income account and Ebitda. At this time, the significance of the direction appears to have pay attention.

The correlation between Algonquin Power's Net Interest Income and Ebitda is -0.87. Overlapping area represents the amount of variation of Net Interest Income that can explain the historical movement of Ebitda in the same time period over historical financial statements of Algonquin Power Utilities, assuming nothing else is changed. The correlation between historical values of Algonquin Power's Net Interest Income and Ebitda 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 Interest Income of Algonquin Power Utilities are associated (or correlated) with its Ebitda. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ebitda has no effect on the direction of Net Interest Income i.e., Algonquin Power's Net Interest Income and Ebitda go up and down completely randomly.

Correlation Coefficient

-0.87

Relationship Direction	Negative
Relationship Strength	Significant

View All Relationships

Net Interest Income

The difference between the revenue generated from a bank's interest-bearing assets and the expenses associated with paying its interest-bearing liabilities.

Ebitda

Most indicators from Algonquin Power's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators 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 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 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.

At this time, Algonquin Power's Selling General Administrative is very stable compared to the past year. As of the 26th of November 2024, Sales General And Administrative To Revenue is likely to grow to 0.04, while Discontinued Operations is likely to drop (1.2 M).

	2021	2022	2023	2024 (projected)
Gross Profit	1.6B	1.9B	2.0B	2.1B
Total Revenue	2.3B	2.8B	2.7B	2.8B

Gross Profit Total Revenue

Algonquin Power fundamental ratios Correlations

	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	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Common Stock	Current Deferred Revenue	Accounts Payable	Other Assets
Total Assets		0.98	0.48	0.98	0.97	1.0	0.98	-0.63	0.38	1.0	0.81	0.38	0.98	0.98	0.99	0.99	0.98	0.84	-0.38	0.99	0.99	0.99	0.99	0.97	0.98	0.67
Short Long Term Debt Total	0.98		0.48	0.99	0.92	0.98	1.0	-0.72	0.3	0.98	0.87	0.3	0.98	0.94	0.95	0.99	0.97	0.87	-0.36	1.0	0.99	0.98	0.96	0.97	0.94	0.72
Other Current Liab	0.48	0.48		0.47	0.44	0.49	0.48	-0.37	0.22	0.48	0.47	0.22	0.53	0.38	0.44	0.49	0.48	0.74	-0.29	0.49	0.49	0.54	0.45	0.46	0.42	0.35
Total Current Liabilities	0.98	0.99	0.47		0.94	0.99	0.99	-0.69	0.31	0.98	0.81	0.31	0.98	0.95	0.95	0.98	0.98	0.85	-0.35	0.99	0.99	0.99	0.97	0.97	0.96	0.63
Total Stockholder Equity	0.97	0.92	0.44	0.94		0.96	0.91	-0.45	0.48	0.97	0.72	0.48	0.93	0.98	0.98	0.95	0.94	0.76	-0.36	0.95	0.94	0.94	0.98	0.92	0.97	0.59
Property Plant And Equipment Net	1.0	0.98	0.49	0.99	0.96		0.98	-0.66	0.34	1.0	0.79	0.34	0.99	0.98	0.98	0.99	0.99	0.85	-0.38	0.99	1.0	0.99	0.99	0.97	0.97	0.64
Net Debt	0.98	1.0	0.48	0.99	0.91	0.98		-0.73	0.29	0.98	0.87	0.29	0.98	0.94	0.95	0.99	0.97	0.87	-0.36	0.99	0.99	0.98	0.96	0.97	0.94	0.72
Retained Earnings	-0.63	-0.72	-0.37	-0.69	-0.45	-0.66	-0.73		0.15	-0.62	-0.59	0.15	-0.73	-0.57	-0.6	-0.68	-0.69	-0.67	0.16	-0.68	-0.7	-0.7	-0.59	-0.68	-0.52	-0.48
Cash	0.38	0.3	0.22	0.31	0.48	0.34	0.29	0.15		0.38	0.37	1.0	0.26	0.39	0.41	0.34	0.25	0.27	0.12	0.33	0.31	0.35	0.4	0.35	0.39	0.36
Non Current Assets Total	1.0	0.98	0.48	0.98	0.97	1.0	0.98	-0.62	0.38		0.81	0.38	0.98	0.98	0.99	0.99	0.98	0.84	-0.38	0.99	0.99	0.99	0.99	0.97	0.98	0.67
Non Currrent Assets Other	0.81	0.87	0.47	0.81	0.72	0.79	0.87	-0.59	0.37	0.81		0.37	0.78	0.73	0.77	0.85	0.74	0.83	-0.38	0.85	0.8	0.81	0.74	0.84	0.78	0.91
Cash And Short Term Investments	0.38	0.3	0.22	0.31	0.48	0.34	0.29	0.15	1.0	0.38	0.37		0.26	0.39	0.41	0.34	0.25	0.27	0.13	0.33	0.31	0.35	0.4	0.35	0.39	0.36
Net Receivables	0.98	0.98	0.53	0.98	0.93	0.99	0.98	-0.73	0.26	0.98	0.78	0.26		0.95	0.96	0.98	0.99	0.87	-0.38	0.98	0.99	0.99	0.97	0.96	0.94	0.62
Common Stock Total Equity	0.98	0.94	0.38	0.95	0.98	0.98	0.94	-0.57	0.39	0.98	0.73	0.39	0.95		0.99	0.97	0.96	0.74	-0.3	0.97	0.96	0.95	0.99	0.94	0.98	0.59
Common Stock Shares Outstanding	0.99	0.95	0.44	0.95	0.98	0.98	0.95	-0.6	0.41	0.99	0.77	0.41	0.96	0.99		0.98	0.95	0.81	-0.37	0.98	0.97	0.96	0.98	0.96	0.97	0.65
Non Current Liabilities Total	0.99	0.99	0.49	0.98	0.95	0.99	0.99	-0.68	0.34	0.99	0.85	0.34	0.98	0.97	0.98		0.97	0.86	-0.38	1.0	0.99	0.98	0.98	0.98	0.96	0.71
Inventory	0.98	0.97	0.48	0.98	0.94	0.99	0.97	-0.69	0.25	0.98	0.74	0.25	0.99	0.96	0.95	0.97		0.83	-0.36	0.98	0.99	0.98	0.98	0.95	0.94	0.57
Other Current Assets	0.84	0.87	0.74	0.85	0.76	0.85	0.87	-0.67	0.27	0.84	0.83	0.27	0.87	0.74	0.81	0.86	0.83		-0.44	0.86	0.86	0.89	0.79	0.83	0.77	0.67
Other Stockholder Equity	-0.38	-0.36	-0.29	-0.35	-0.36	-0.38	-0.36	0.16	0.12	-0.38	-0.38	0.13	-0.38	-0.3	-0.37	-0.38	-0.36	-0.44		-0.38	-0.37	-0.36	-0.3	-0.35	-0.38	-0.33
Total Liab	0.99	1.0	0.49	0.99	0.95	0.99	0.99	-0.68	0.33	0.99	0.85	0.33	0.98	0.97	0.98	1.0	0.98	0.86	-0.38		0.99	0.99	0.98	0.98	0.97	0.7
Property Plant And Equipment Gross	0.99	0.99	0.49	0.99	0.94	1.0	0.99	-0.7	0.31	0.99	0.8	0.31	0.99	0.96	0.97	0.99	0.99	0.86	-0.37	0.99		0.99	0.98	0.97	0.95	0.63
Total Current Assets	0.99	0.98	0.54	0.99	0.94	0.99	0.98	-0.7	0.35	0.99	0.81	0.35	0.99	0.95	0.96	0.98	0.98	0.89	-0.36	0.99	0.99		0.98	0.97	0.94	0.65
Common Stock	0.99	0.96	0.45	0.97	0.98	0.99	0.96	-0.59	0.4	0.99	0.74	0.4	0.97	0.99	0.98	0.98	0.98	0.79	-0.3	0.98	0.98	0.98		0.95	0.97	0.6
Current Deferred Revenue	0.97	0.97	0.46	0.97	0.92	0.97	0.97	-0.68	0.35	0.97	0.84	0.35	0.96	0.94	0.96	0.98	0.95	0.83	-0.35	0.98	0.97	0.97	0.95		0.97	0.68
Accounts Payable	0.98	0.94	0.42	0.96	0.97	0.97	0.94	-0.52	0.39	0.98	0.78	0.39	0.94	0.98	0.97	0.96	0.94	0.77	-0.38	0.97	0.95	0.94	0.97	0.97		0.61
Other Assets	0.67	0.72	0.35	0.63	0.59	0.64	0.72	-0.48	0.36	0.67	0.91	0.36	0.62	0.59	0.65	0.71	0.57	0.67	-0.33	0.7	0.63	0.65	0.6	0.68	0.61

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Algonquin Power Account Relationship Matchups

Algonquin Power fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	10.9B	13.2B	16.8B	17.6B	18.4B	19.3B
Short Long Term Debt Total	3.9B	4.5B	6.2B	7.5B	8.5B	8.9B
Other Current Liab	114.8M	160.9M	279.7M	925.1M	223.1M	128.2M
Total Current Liabilities	872.1M	955.2M	1.4B	1.5B	1.7B	1.8B
Total Stockholder Equity	3.9B	5.2B	5.9B	5.2B	5.0B	5.3B
Property Plant And Equipment Net	7.2B	8.2B	11.0B	11.9B	12.5B	13.1B
Net Debt	3.9B	4.4B	6.1B	7.5B	8.5B	8.9B
Retained Earnings	(367.1M)	45.8M	(288.4M)	(997.9M)	(1.3B)	(1.2B)
Cash	62.5M	101.6M	125.2M	57.6M	56.1M	38.7M
Non Current Assets Total	10.4B	12.5B	15.8B	16.5B	17.3B	18.2B
Non Currrent Assets Other	640.6M	912.8M	1.2B	1.3B	1.6B	1.7B
Cash And Short Term Investments	62.5M	101.6M	125.2M	57.6M	56.1M	39.3M
Net Receivables	259.1M	325.6M	403.4M	528.1M	524.2M	550.4M
Common Stock Total Equity	3.0B	3.6B	4.0B	4.9B	5.7B	6.0B
Common Stock Shares Outstanding	466.0M	499.9M	564.4M	628.9M	690.8M	725.3M
Liabilities And Stockholders Equity	10.9B	13.2B	16.8B	17.6B	18.4B	19.3B
Non Current Liabilities Total	5.3B	6.3B	7.7B	8.9B	9.7B	10.2B
Inventory	91.1M	134.6M	177.8M	224.9M	227.1M	238.5M
Other Current Assets	58.0M	70.3M	174.4M	213.0M	166.0M	174.3M
Other Stockholder Equity	50.6M	60.7M	2.0M	9.4M	7.3M	6.9M
Total Liab	6.2B	7.2B	9.1B	10.5B	11.4B	12.0B
Property Plant And Equipment Gross	7.2B	8.2B	12.6B	14.0B	14.9B	15.6B
Total Current Assets	513.2M	695.0M	938.7M	1.1B	1.1B	1.1B
Common Stock	4.0B	4.9B	6.0B	6.2B	6.2B	6.5B
Current Deferred Revenue	381.9M	462.3M	543.3M	629.8M	724.3M	760.5M
Accounts Payable	150.3M	192.2M	185.3M	186.1M	210.4M	220.9M
Other Assets	671.2M	931.8M	1.2B	1.4B	1.6B	1.6B
Accumulated Other Comprehensive Income	(9.8M)	(22.5M)	(71.7M)	(160.1M)	(102.3M)	(97.2M)
Short Term Debt	225.0M	139.9M	356.4M	423.3M	621.9M	652.9M
Intangible Assets	47.6M	114.9M	105.1M	96.7M	93.9M	76.0M
Good Will	1.0B	1.2B	1.2B	1.3B	1.3B	721.7M
Other Liab	1.6B	1.8B	1.8B	1.8B	2.0B	1.4B
Net Tangible Assets	2.6B	3.7B	4.4B	3.6B	4.2B	2.5B
Long Term Debt	3.7B	4.4B	5.9B	7.1B	7.9B	4.2B
Deferred Long Term Liab	509.7M	782.4M	1.0B	1.1B	1.2B	1.3B
Long Term Investments	1.4B	2.1B	2.3B	1.8B	1.6B	1.1B
Short Long Term Debt	225.0M	139.9M	356.4M	423.3M	621.9M	652.9M
Property Plant Equipment	7.2B	8.2B	11.0B	1.2B	1.4B	1.3B
Long Term Debt Total	3.7B	4.4B	5.9B	7.1B	8.2B	4.4B

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

0.81	RY-PM	Royal Bank	Pair Corr
0.81	RY-PJ	Royal Bank	Pair Corr
0.8	RY-PS	Royal Bank	Pair Corr
0.79	JPM	JPMorgan Chase	Pair Corr
0.76	BOFA	Bank of America	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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Largest Electric Utilities Companies

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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.

You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.

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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Algonquin Net Interest Income vs Ebitda Analysis

Net Interest Income vs Ebitda

Net Interest Income vs Ebitda Correlation Analysis

Correlation Coefficient

Net Interest Income

Ebitda

Algonquin Power fundamental ratios Correlations

Algonquin Power Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Algonquin Power fundamental ratios Accounts

Pair Trading with Algonquin Power

Moving against Algonquin Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Property Plant And Equipment Net	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Total Liab	+ 1.0	Short Long Term Debt Total
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net

Net Receivables	- 0.73	Retained Earnings
Retained Earnings	- 0.73	Net Debt
Retained Earnings	- 0.72	Short Long Term Debt Total
Total Current Assets	- 0.7	Retained Earnings
Property Plant And Equipment Gross	- 0.7	Retained Earnings
Inventory	- 0.69	Retained Earnings