Algonquin Long Term Debt vs Cash And Short Term Investments Analysis

AQNB Stock

USD 25.70 0.07 0.27%

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 Long Term Debt and its Cash And Short Term Investments 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.

Long Term Debt vs Cash And Short Term Investments

Long Term Debt vs Cash And Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Algonquin Power Utilities Long Term Debt account and Cash And Short Term Investments. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Algonquin Power's Long Term Debt and Cash And Short Term Investments is -0.4. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Cash And Short Term Investments 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 Long Term Debt and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of Algonquin Power Utilities are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Long Term Debt i.e., Algonquin Power's Long Term Debt and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

-0.4

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Long Term Debt

Long-term debt is a debt that Algonquin Power Utilities has held for over one year. Long-term debt appears on Algonquin Power Utilities balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Algonquin Power Utilities balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Algonquin Power Utilities balance sheet. This account contains Algonquin Power investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Algonquin Power Utilities fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

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 present, Algonquin Power's Sales General And Administrative To Revenue is projected to slightly decrease based on the last few years of reporting. The current year's Enterprise Value is expected to grow to about 15.3 B, whereas Tax Provision is forecasted to decline to about 56.9 M.

	2018	2019	2023	2024 (projected)
Interest Income	237.6M	233.7M	268.8M	161.7M
Tax Provision	71.7M	70.1M	80.6M	56.9M

Interest Income Tax Provision

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	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Long Term Debt	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Short Term Investments	Long Term Debt Total	Non Current Liabilities Total	Capital Surpluse	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab
Total Assets		0.98	0.98	0.98	0.97	1.0	0.95	0.98	-0.51	0.97	-0.18	1.0	0.76	0.9	-0.41	0.98	0.95	0.99	0.14	0.9	0.99	-0.74	0.99	0.96	0.44	0.99
Short Long Term Debt Total	0.98		0.99	0.98	0.91	0.98	0.88	1.0	-0.61	0.94	-0.24	0.98	0.77	0.89	-0.4	0.98	0.9	0.96	0.24	0.89	0.99	-0.74	0.98	0.96	0.44	1.0
Other Current Liab	0.98	0.99		1.0	0.93	0.99	0.9	0.98	-0.57	0.94	-0.15	0.98	0.81	0.83	-0.37	0.99	0.89	0.96	0.12	0.83	0.98	-0.66	0.99	0.99	0.51	0.98
Total Current Liabilities	0.98	0.98	1.0		0.93	0.98	0.89	0.98	-0.56	0.94	-0.15	0.98	0.83	0.83	-0.38	0.98	0.89	0.97	0.09	0.83	0.97	-0.64	0.98	0.98	0.55	0.98
Total Stockholder Equity	0.97	0.91	0.93	0.93		0.96	0.97	0.91	-0.33	0.97	-0.05	0.97	0.74	0.86	-0.36	0.92	0.95	0.98	0.03	0.86	0.94	-0.68	0.94	0.9	0.46	0.94
Property Plant And Equipment Net	1.0	0.98	0.99	0.98	0.96		0.93	0.98	-0.54	0.96	-0.22	1.0	0.76	0.88	-0.46	0.99	0.95	0.99	0.09	0.88	0.99	-0.71	0.99	0.97	0.42	0.99
Current Deferred Revenue	0.95	0.88	0.9	0.89	0.97	0.93		0.88	-0.33	0.93	-0.11	0.95	0.66	0.86	-0.37	0.9	0.94	0.95	0.1	0.86	0.92	-0.72	0.92	0.89	0.4	0.92
Net Debt	0.98	1.0	0.98	0.98	0.91	0.98	0.88		-0.61	0.94	-0.25	0.98	0.76	0.89	-0.41	0.98	0.9	0.96	0.24	0.89	0.99	-0.75	0.98	0.96	0.43	1.0
Retained Earnings	-0.51	-0.61	-0.57	-0.56	-0.33	-0.54	-0.33	-0.61		-0.4	0.52	-0.5	-0.57	-0.38	0.6	-0.61	-0.41	-0.5	-0.2	-0.38	-0.56	0.35	-0.57	-0.6	-0.15	-0.56
Accounts Payable	0.97	0.94	0.94	0.94	0.97	0.96	0.93	0.94	-0.4		-0.17	0.97	0.74	0.92	-0.4	0.93	0.97	0.97	0.14	0.92	0.96	-0.76	0.94	0.89	0.46	0.96
Cash	-0.18	-0.24	-0.15	-0.15	-0.05	-0.22	-0.11	-0.25	0.52	-0.17		-0.18	0.18	-0.34	0.82	-0.25	-0.33	-0.21	-0.06	-0.34	-0.26	0.4	-0.24	-0.17	0.47	-0.24
Non Current Assets Total	1.0	0.98	0.98	0.98	0.97	1.0	0.95	0.98	-0.5	0.97	-0.18		0.76	0.9	-0.41	0.97	0.95	0.99	0.14	0.9	0.99	-0.74	0.98	0.96	0.44	0.99
Non Currrent Assets Other	0.76	0.77	0.81	0.83	0.74	0.76	0.66	0.76	-0.57	0.74	0.18	0.76		0.52	-0.16	0.78	0.6	0.76	0.11	0.52	0.74	-0.34	0.75	0.77	0.83	0.76
Long Term Debt	0.9	0.89	0.83	0.83	0.86	0.88	0.86	0.89	-0.38	0.92	-0.34	0.9	0.52		-0.4	0.82	0.93	0.88	0.4	1.0	0.92	-0.94	0.84	0.77	0.21	0.91
Cash And Short Term Investments	-0.41	-0.4	-0.37	-0.38	-0.36	-0.46	-0.37	-0.41	0.6	-0.4	0.82	-0.41	-0.16	-0.4		-0.48	-0.56	-0.49	0.29	-0.4	-0.43	0.32	-0.48	-0.4	0.2	-0.43
Net Receivables	0.98	0.98	0.99	0.98	0.92	0.99	0.9	0.98	-0.61	0.93	-0.25	0.97	0.78	0.82	-0.48		0.9	0.97	0.05	0.82	0.97	-0.64	1.0	0.99	0.44	0.98
Good Will	0.95	0.9	0.89	0.89	0.95	0.95	0.94	0.9	-0.41	0.97	-0.33	0.95	0.6	0.93	-0.56	0.9		0.96	0.09	0.93	0.94	-0.81	0.93	0.86	0.25	0.94
Common Stock Shares Outstanding	0.99	0.96	0.96	0.97	0.98	0.99	0.95	0.96	-0.5	0.97	-0.21	0.99	0.76	0.88	-0.49	0.97	0.96		0.06	0.88	0.98	-0.71	0.98	0.94	0.43	0.98
Short Term Investments	0.14	0.24	0.12	0.09	0.03	0.09	0.1	0.24	-0.2	0.14	-0.06	0.14	0.11	0.4	0.29	0.05	0.09	0.06		0.4	0.22	-0.61	0.05	0.05	0.02	0.2
Long Term Debt Total	0.9	0.89	0.83	0.83	0.86	0.88	0.86	0.89	-0.38	0.92	-0.34	0.9	0.52	1.0	-0.4	0.82	0.93	0.88	0.4		0.92	-0.94	0.84	0.77	0.21	0.91
Non Current Liabilities Total	0.99	0.99	0.98	0.97	0.94	0.99	0.92	0.99	-0.56	0.96	-0.26	0.99	0.74	0.92	-0.43	0.97	0.94	0.98	0.22	0.92		-0.78	0.98	0.95	0.4	1.0
Capital Surpluse	-0.74	-0.74	-0.66	-0.64	-0.68	-0.71	-0.72	-0.75	0.35	-0.76	0.4	-0.74	-0.34	-0.94	0.32	-0.64	-0.81	-0.71	-0.61	-0.94	-0.78		-0.67	-0.6	0.0	-0.76
Inventory	0.99	0.98	0.99	0.98	0.94	0.99	0.92	0.98	-0.57	0.94	-0.24	0.98	0.75	0.84	-0.48	1.0	0.93	0.98	0.05	0.84	0.98	-0.67		0.98	0.4	0.98
Other Current Assets	0.96	0.96	0.99	0.98	0.9	0.97	0.89	0.96	-0.6	0.89	-0.17	0.96	0.77	0.77	-0.4	0.99	0.86	0.94	0.05	0.77	0.95	-0.6	0.98		0.44	0.96
Other Stockholder Equity	0.44	0.44	0.51	0.55	0.46	0.42	0.4	0.43	-0.15	0.46	0.47	0.44	0.83	0.21	0.2	0.44	0.25	0.43	0.02	0.21	0.4	0.0	0.4	0.44		0.42
Total Liab	0.99	1.0	0.98	0.98	0.94	0.99	0.92	1.0	-0.56	0.96	-0.24	0.99	0.76	0.91	-0.43	0.98	0.94	0.98	0.2	0.91	1.0	-0.76	0.98	0.96	0.42

Click cells to compare fundamentals

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	12.8B
Short Long Term Debt Total	3.9B	4.6B	6.2B	7.5B	8.6B	5.1B
Other Current Liab	422.8M	530.6M	707.5M	799.1M	838.7M	555.1M
Total Current Liabilities	872.1M	955.4M	1.4B	1.5B	1.7B	997.7M
Total Stockholder Equity	3.9B	5.2B	5.9B	5.2B	5.0B	4.1B
Property Plant And Equipment Net	7.2B	8.2B	11.0B	11.9B	12.5B	8.6B
Current Deferred Revenue	73.9M	92.7M	114.4M	125.6M	74.5M	78.0M
Net Debt	3.9B	4.5B	6.1B	7.5B	8.5B	5.0B
Retained Earnings	(367.1M)	45.8M	(288.0M)	(997.5M)	(1.3B)	(1.2B)
Accounts Payable	150.3M	192.2M	185.0M	186.0M	210.4M	151.3M
Cash	62.5M	101.6M	125.0M	57.6M	56.1M	81.3M
Non Current Assets Total	10.4B	12.5B	15.8B	16.5B	17.3B	12.0B
Non Currrent Assets Other	568.4M	849.1M	1.1B	1.2B	1.6B	1.7B
Cash And Short Term Investments	62.5M	101.6M	125.0M	57.6M	56.1M	66.6M
Net Receivables	259.1M	324.8M	402.9M	527.8M	524.2M	343.1M
Good Will	1.0B	1.2B	1.2B	1.3B	1.3B	1.0B
Common Stock Shares Outstanding	504.7M	564.4M	628.9M	677.9M	690.8M	543.8M
Liabilities And Stockholders Equity	10.9B	13.2B	16.8B	17.6B	18.4B	12.8B
Non Current Liabilities Total	5.3B	6.3B	7.7B	8.9B	9.7B	6.5B
Inventory	91.1M	134.6M	177.5M	224.8M	227.1M	133.1M
Other Current Assets	100.5M	134.1M	232.1M	283.8M	258.9M	161.7M
Other Stockholder Equity	50.6M	60.7M	2.0M	9.4M	7.3M	7.6M
Total Liab	6.2B	7.2B	9.1B	10.5B	11.4B	7.5B
Total Current Assets	513.2M	695.2M	937.5M	1.1B	1.1B	729.5M
Accumulated Other Comprehensive Income	(9.8M)	(22.5M)	(71.6M)	(160.0M)	(102.3M)	(97.2M)
Short Term Debt	225.0M	139.9M	355.9M	423.1M	636.1M	667.9M
Intangible Assets	47.6M	114.9M	105.1M	96.7M	93.9M	89.2M
Common Stock	4.0B	4.9B	6.0B	6.2B	6.2B	4.5B

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

RSI	Rush Street Interactive
OKTA	Okta Inc
BAC	Bank of America

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

Details

Is Algonquin Stock a good investment?

Details

What is Algonquin Power's Net Worth?

Details

Largest Electric Utilities Companies

View

Largest Utilities Companies

View

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 Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.

Is Electric Utilities space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Algonquin Power. If investors know Algonquin will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Algonquin Power listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

The market value of Algonquin Power Utilities is measured differently than its book value, which is the value of Algonquin that is recorded on the company's balance sheet. Investors also form their own opinion of Algonquin Power's value that differs from its market value or its book value, called intrinsic value, which is Algonquin Power's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Algonquin Power's market value can be influenced by many factors that don't directly affect Algonquin Power's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Algonquin Long Term Debt vs Cash And Short Term Investments Analysis

Long Term Debt vs Cash And Short Term Investments

Long Term Debt vs Cash And Short Term Investments Correlation Analysis

Correlation Coefficient

Long Term Debt

Cash And Short Term Investments

Algonquin Power fundamental ratios Correlations

Algonquin Power Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Algonquin Power fundamental ratios Accounts

Also Currently Popular

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
Total Current Liabilities	+ 1.0	Other Current Liab
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net

Capital Surpluse	- 0.94	Long Term Debt Total
Capital Surpluse	- 0.94	Long Term Debt
Capital Surpluse	- 0.81	Good Will
Capital Surpluse	- 0.78	Non Current Liabilities Total
Total Liab	- 0.76	Capital Surpluse
Capital Surpluse	- 0.76	Accounts Payable