Aecon Other Current Assets vs Non Current Liabilities Total Analysis

ARE Stock  CAD 29.12  0.04  0.14%   
Aecon financial indicator trend analysis is way more than just evaluating Aecon Group prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Aecon Group is a good investment. Please check the relationship between Aecon Other Current Assets and its Non Current Liabilities Total accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aecon Group. 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.

Other Current Assets vs Non Current Liabilities Total

Other Current Assets vs Non Current Liabilities Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Aecon Group Other Current Assets account and Non Current Liabilities Total. At this time, the significance of the direction appears to have strong relationship.
The correlation between Aecon's Other Current Assets and Non Current Liabilities Total is 0.7. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Non Current Liabilities Total in the same time period over historical financial statements of Aecon Group, assuming nothing else is changed. The correlation between historical values of Aecon's Other Current Assets and Non Current Liabilities Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Assets of Aecon Group are associated (or correlated) with its Non Current Liabilities Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Total has no effect on the direction of Other Current Assets i.e., Aecon's Other Current Assets and Non Current Liabilities Total go up and down completely randomly.

Correlation Coefficient

0.7
Relationship DirectionPositive 
Relationship StrengthSignificant

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.

Non Current Liabilities Total

Most indicators from Aecon's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Aecon Group 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 Aecon Group. 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, Aecon's Tax Provision is very stable compared to the past year. As of the 25th of November 2024, Issuance Of Capital Stock is likely to grow to about 162.4 M, while Selling General Administrative is likely to drop about 124.3 M.
 2021 2022 2023 2024 (projected)
Interest Expense45.6M57.1M73.7M77.4M
Depreciation And Amortization88.6M94.4M78.9M49.4M

Aecon fundamental ratios Correlations

0.820.630.810.770.260.080.710.980.680.840.650.680.790.570.820.490.650.130.990.640.820.310.710.66-0.69
0.820.310.60.470.460.530.380.790.380.940.40.380.530.50.920.610.660.230.870.630.560.460.830.35-0.62
0.630.310.910.9-0.06-0.420.950.670.770.390.830.770.910.230.280.190.37-0.060.60.390.880.20.190.8-0.46
0.810.60.910.940.03-0.220.930.830.820.60.880.820.980.340.550.340.580.150.80.490.970.340.420.85-0.57
0.770.470.90.940.15-0.330.990.760.810.530.760.810.970.480.470.390.510.090.720.480.950.240.260.8-0.71
0.260.46-0.060.030.150.640.060.27-0.260.61-0.35-0.260.080.790.330.86-0.060.110.240.6-0.030.380.13-0.38-0.76
0.080.53-0.42-0.22-0.330.64-0.420.11-0.590.52-0.46-0.59-0.250.240.330.590.060.10.130.5-0.340.520.38-0.58-0.18
0.710.380.950.930.990.06-0.420.720.830.440.790.830.960.40.390.280.460.040.670.420.940.180.20.83-0.63
0.980.790.670.830.760.270.110.720.630.840.660.630.810.570.750.540.560.20.970.70.80.360.660.64-0.67
0.680.380.770.820.81-0.26-0.590.830.630.320.891.00.790.210.51-0.070.560.120.670.060.9-0.120.370.96-0.4
0.840.940.390.60.530.610.520.440.840.320.380.320.560.670.840.760.460.190.860.770.530.440.750.29-0.74
0.650.40.830.880.76-0.35-0.460.790.660.890.380.890.810.050.43-0.020.450.070.670.210.860.070.40.94-0.24
0.680.380.770.820.81-0.26-0.590.830.631.00.320.890.790.210.51-0.070.560.120.670.060.9-0.120.370.96-0.4
0.790.530.910.980.970.08-0.250.960.810.790.560.810.790.380.510.380.540.150.770.510.970.290.360.82-0.63
0.570.50.230.340.480.790.240.40.570.210.670.050.210.380.490.740.110.270.520.560.340.180.190.07-0.91
0.820.920.280.550.470.330.330.390.750.510.840.430.510.510.490.430.70.260.870.430.590.090.910.48-0.6
0.490.610.190.340.390.860.590.280.54-0.070.76-0.02-0.070.380.740.430.030.20.470.790.240.550.29-0.1-0.78
0.650.660.370.580.51-0.060.060.460.560.560.460.450.560.540.110.70.030.090.690.180.650.240.630.57-0.31
0.130.23-0.060.150.090.110.10.040.20.120.190.070.120.150.270.260.20.090.160.140.150.020.190.06-0.16
0.990.870.60.80.720.240.130.670.970.670.860.670.670.770.520.870.470.690.160.610.80.310.770.67-0.65
0.640.630.390.490.480.60.50.420.70.060.770.210.060.510.560.430.790.180.140.610.380.640.360.07-0.6
0.820.560.880.970.95-0.03-0.340.940.80.90.530.860.90.970.340.590.240.650.150.80.380.180.430.91-0.58
0.310.460.20.340.240.380.520.180.36-0.120.440.07-0.120.290.180.090.550.240.020.310.640.180.05-0.11-0.25
0.710.830.190.420.260.130.380.20.660.370.750.40.370.360.190.910.290.630.190.770.360.430.050.4-0.3
0.660.350.80.850.8-0.38-0.580.830.640.960.290.940.960.820.070.48-0.10.570.060.670.070.91-0.110.4-0.29
-0.69-0.62-0.46-0.57-0.71-0.76-0.18-0.63-0.67-0.4-0.74-0.24-0.4-0.63-0.91-0.6-0.78-0.31-0.16-0.65-0.6-0.58-0.25-0.3-0.29
Click cells to compare fundamentals

Aecon Account Relationship Matchups

Aecon fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets3.1B3.3B3.3B3.6B3.2B1.7B
Short Long Term Debt Total736.0M728.0M779.6M909.1M418.2M402.8M
Other Current Liab140.5M194.5M165.4M186.3M230.5M242.0M
Total Current Liabilities1.4B1.5B1.5B1.8B1.7B1.8B
Total Stockholder Equity858.0M874.1M913.6M954.0M1.1B1.1B
Property Plant And Equipment Net351.4M362.2M379.5M395.1M251.9M270.1M
Net Debt53.7M69.8M247.0M531.8M(227.6M)(216.2M)
Retained Earnings403.8M444.1M451.3M435.3M551.3M578.8M
Accounts Payable674.1M792.3M788.4M901.9M834.0M442.4M
Cash682.3M658.3M532.7M377.2M645.8M678.1M
Non Current Assets Total985.2M1.1B1.1B1.2B735.6M589.9M
Cash And Short Term Investments682.3M658.3M532.7M378.0M645.8M678.1M
Net Receivables1.3B1.3B1.4B1.7B1.7B1.8B
Common Stock Shares Outstanding73.9M75.9M73.8M61.0M81.9M57.2M
Liabilities And Stockholders Equity3.1B3.3B3.3B3.6B3.2B1.7B
Non Current Liabilities Total898.8M883.7M903.7M778.6M393.4M416.7M
Inventory24.9M21.3M25.2M37.6M20.8M20.7M
Other Current Assets131.7M180.2M166.2M184.0M93.8M115.9M
Other Stockholder Equity61.6M66.5M72.7M76.0M80.7M99.5M
Total Liab2.3B2.4B2.4B2.6B2.1B1.2B
Property Plant And Equipment Gross351.4M362.2M755.3M802.6M546.3M312.4M
Total Current Assets2.1B2.2B2.1B2.3B2.5B2.6B
Accumulated Other Comprehensive Income(1.7M)(32.2M)(16.2M)23.3M1.6M1.7M
Short Term Debt60.1M56.6M84.8M359.8M154.3M99.1M
Intangible Assets501.6M565.6M542.1M554.3M17.5M16.6M
Current Deferred Revenue483.1M486.3M431.0M386.6M519.1M545.0M
Good Will52.9M83.8M104.9M108.1M105.6M71.1M
Common Stock Total Equity367.6M386.5M394.3M395.7M455.1M381.5M
Common Stock394.3M395.7M405.8M419.4M430.7M401.3M
Other Liab222.9M212.2M208.9M229.3M263.7M191.6M
Net Tangible Assets303.5M224.7M266.6M291.6M262.5M339.9M
Other Assets26.7M34.2M41.9M74.6M85.8M90.1M
Long Term Debt310.0M671.5M694.8M549.3M106.8M101.4M
Long Term Investments52.6M40.6M72.7M111.7M254.2M266.9M
Short Long Term Debt60.1M56.6M84.8M359.8M154.3M136.8M
Property Plant Equipment351.4M362.2M379.5M395.1M355.6M330.7M
Long Term Debt Total310.0M312.6M694.8M549.3M631.7M371.9M
Capital Surpluse48.9M53.8M60.0M63.3M72.8M54.6M

Pair Trading with Aecon

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

Moving together with Aecon Stock

  0.76RY Royal BankPairCorr
  0.83TD-PFI Toronto Dominion BankPairCorr
  0.88AMZN Amazon CDRPairCorr
  0.86BNS Bank of Nova Scotia Earnings Call Next WeekPairCorr

Moving against Aecon Stock

  0.46TD Toronto Dominion BankPairCorr
The ability to find closely correlated positions to Aecon could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aecon 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 Aecon - 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 Aecon Group to buy it.
The correlation of Aecon 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 Aecon moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aecon Group 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 Aecon 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 CorrelationCorrelation Matching

Other Information on Investing in Aecon Stock

Balance Sheet is a snapshot of the financial position of Aecon Group at a specified time, usually calculated after every quarter, six months, or one year. Aecon Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Aecon 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 Aecon currently owns. An asset can also be divided into two categories, current and non-current.