Algonquin Long Term Debt vs Total Liab 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 Total Liab 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 Total Liab
Long Term Debt vs Total Liab 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 Total Liab. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Algonquin Power's Long Term Debt and Total Liab is 0.91. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Total Liab 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 Total Liab 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 Total Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Liab has no effect on the direction of Long Term Debt i.e., Algonquin Power's Long Term Debt and Total Liab go up and down completely randomly.
Correlation Coefficient | 0.91 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
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.Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.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 |
Algonquin Power fundamental ratios Correlations
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Algonquin Power Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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 |
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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.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: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 USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
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.