Boralex Price To Sales Ratio vs Capex To Depreciation Analysis

BLX Stock

CAD 29.84 0.51 1.68%

Boralex financial indicator trend analysis is way more than just evaluating Boralex prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Boralex is a good investment. Please check the relationship between Boralex Price To Sales Ratio and its Capex To Depreciation accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Boralex. 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.

Price To Sales Ratio vs Capex To Depreciation

Price To Sales Ratio vs Capex To Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Boralex Price To Sales Ratio account and Capex To Depreciation. At this time, the significance of the direction appears to have very week relationship.

The correlation between Boralex's Price To Sales Ratio and Capex To Depreciation is 0.23. Overlapping area represents the amount of variation of Price To Sales Ratio that can explain the historical movement of Capex To Depreciation in the same time period over historical financial statements of Boralex, assuming nothing else is changed. The correlation between historical values of Boralex's Price To Sales Ratio and Capex To Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Price To Sales Ratio of Boralex are associated (or correlated) with its Capex To Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capex To Depreciation has no effect on the direction of Price To Sales Ratio i.e., Boralex's Price To Sales Ratio and Capex To Depreciation go up and down completely randomly.

Correlation Coefficient

0.23

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Price To Sales Ratio

Price to Sales Ratio is figured by comparing Boralex stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Boralex sales, a figure that is much harder to manipulate than other Boralex 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.

Capex To Depreciation

The ratio of a company's capital expenditures to its depreciation expenses, indicating how much the company is investing in physical assets relative to the aging of existing assets.

Most indicators from Boralex's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Boralex 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 Boralex. 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, Boralex's Selling General Administrative is very stable compared to the past year. As of the 23rd of November 2024, Tax Provision is likely to grow to about 41 M, while Discontinued Operations is likely to drop about 2.4 M.

	2021	2022	2023	2024 (projected)
Gross Profit	538M	578M	344M	361.2M
Total Revenue	691M	836M	1.0B	1.1B

Gross Profit Total Revenue

Boralex fundamental ratios Correlations

	Common Stock Shares Outstanding	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	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Non Current Liabilities Total	Inventory	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock	Other Current Assets
Common Stock Shares Outstanding		0.85	0.89	0.38	0.7	0.73	0.88	0.38	0.9	-0.47	0.69	0.58	0.86	0.55	0.59	0.78	0.85	0.89	0.1	-0.39	0.89	0.8	0.7	0.73	0.84	0.67
Total Assets	0.85		0.97	0.24	0.9	0.96	0.99	0.64	0.95	-0.18	0.55	0.87	1.0	0.6	0.87	0.98	0.99	0.98	0.03	-0.43	0.99	0.98	0.94	0.87	0.98	0.56
Short Long Term Debt Total	0.89	0.97		0.21	0.82	0.87	0.99	0.5	1.0	-0.39	0.65	0.75	0.98	0.49	0.75	0.91	0.97	1.0	0.04	-0.46	1.0	0.93	0.85	0.85	0.96	0.64
Other Current Liab	0.38	0.24	0.21		0.36	0.26	0.23	-0.13	0.21	-0.02	0.4	0.15	0.24	0.55	0.15	0.24	0.21	0.21	0.28	-0.08	0.24	0.19	0.24	0.29	0.21	0.08
Total Current Liabilities	0.7	0.9	0.82	0.36		0.93	0.86	0.7	0.79	0.13	0.29	0.82	0.89	0.68	0.82	0.93	0.84	0.81	0.25	-0.39	0.86	0.89	0.93	0.89	0.84	0.39
Total Stockholder Equity	0.73	0.96	0.87	0.26	0.93		0.92	0.72	0.83	0.08	0.38	0.94	0.95	0.69	0.95	0.99	0.94	0.88	-0.03	-0.34	0.91	0.97	0.97	0.83	0.94	0.41
Property Plant And Equipment Net	0.88	0.99	0.99	0.23	0.86	0.92		0.58	0.98	-0.3	0.61	0.81	1.0	0.55	0.81	0.95	0.98	0.99	0.03	-0.46	1.0	0.96	0.89	0.85	0.98	0.61
Current Deferred Revenue	0.38	0.64	0.5	-0.13	0.7	0.72	0.58		0.46	0.31	-0.02	0.7	0.63	0.61	0.7	0.68	0.59	0.52	0.01	-0.25	0.56	0.74	0.7	0.53	0.59	0.24
Net Debt	0.9	0.95	1.0	0.21	0.79	0.83	0.98	0.46		-0.45	0.66	0.69	0.96	0.46	0.7	0.88	0.95	0.99	0.05	-0.48	0.99	0.9	0.81	0.85	0.94	0.66
Retained Earnings	-0.47	-0.18	-0.39	-0.02	0.13	0.08	-0.3	0.31	-0.45		-0.67	0.22	-0.21	0.25	0.2	-0.01	-0.25	-0.38	-0.1	0.33	-0.31	-0.11	0.08	-0.08	-0.23	-0.38
Accounts Payable	0.69	0.55	0.65	0.4	0.29	0.38	0.61	-0.02	0.66	-0.67		0.36	0.57	0.2	0.36	0.4	0.59	0.66	-0.01	-0.24	0.62	0.52	0.4	0.36	0.59	0.58
Cash	0.58	0.87	0.75	0.15	0.82	0.94	0.81	0.7	0.69	0.22	0.36		0.85	0.57	1.0	0.91	0.87	0.77	-0.11	-0.19	0.8	0.9	0.95	0.67	0.88	0.33
Non Current Assets Total	0.86	1.0	0.98	0.24	0.89	0.95	1.0	0.63	0.96	-0.21	0.57	0.85		0.6	0.85	0.97	0.99	0.98	0.01	-0.44	0.99	0.98	0.92	0.87	0.98	0.57
Non Currrent Assets Other	0.55	0.6	0.49	0.55	0.68	0.69	0.55	0.61	0.46	0.25	0.2	0.57	0.6		0.57	0.65	0.52	0.49	-0.13	-0.2	0.53	0.64	0.57	0.64	0.52	0.32
Cash And Short Term Investments	0.59	0.87	0.75	0.15	0.82	0.95	0.81	0.7	0.7	0.2	0.36	1.0	0.85	0.57		0.91	0.87	0.78	-0.11	-0.19	0.8	0.9	0.95	0.67	0.88	0.33
Net Receivables	0.78	0.98	0.91	0.24	0.93	0.99	0.95	0.68	0.88	-0.01	0.4	0.91	0.97	0.65	0.91		0.96	0.92	-0.01	-0.38	0.94	0.97	0.96	0.85	0.96	0.49
Common Stock Total Equity	0.85	0.99	0.97	0.21	0.84	0.94	0.98	0.59	0.95	-0.25	0.59	0.87	0.99	0.52	0.87	0.96		0.98	0.01	-0.42	0.98	0.97	0.92	0.8	1.0	0.52
Non Current Liabilities Total	0.89	0.98	1.0	0.21	0.81	0.88	0.99	0.52	0.99	-0.38	0.66	0.77	0.98	0.49	0.78	0.92	0.98		0.02	-0.46	1.0	0.94	0.86	0.83	0.97	0.64
Inventory	0.1	0.03	0.04	0.28	0.25	-0.03	0.03	0.01	0.05	-0.1	-0.01	-0.11	0.01	-0.13	-0.11	-0.01	0.01	0.02		-0.16	0.06	-0.03	0.14	0.08	0.0	-0.14
Other Stockholder Equity	-0.39	-0.43	-0.46	-0.08	-0.39	-0.34	-0.46	-0.25	-0.48	0.33	-0.24	-0.19	-0.44	-0.2	-0.19	-0.38	-0.42	-0.46	-0.16		-0.46	-0.41	-0.3	-0.39	-0.37	-0.26
Total Liab	0.89	0.99	1.0	0.24	0.86	0.91	1.0	0.56	0.99	-0.31	0.62	0.8	0.99	0.53	0.8	0.94	0.98	1.0	0.06	-0.46		0.96	0.89	0.86	0.97	0.62
Property Plant And Equipment Gross	0.8	0.98	0.93	0.19	0.89	0.97	0.96	0.74	0.9	-0.11	0.52	0.9	0.98	0.64	0.9	0.97	0.97	0.94	-0.03	-0.41	0.96		0.94	0.82	0.97	0.53
Total Current Assets	0.7	0.94	0.85	0.24	0.93	0.97	0.89	0.7	0.81	0.08	0.4	0.95	0.92	0.57	0.95	0.96	0.92	0.86	0.14	-0.3	0.89	0.94		0.77	0.93	0.41
Short Term Debt	0.73	0.87	0.85	0.29	0.89	0.83	0.85	0.53	0.85	-0.08	0.36	0.67	0.87	0.64	0.67	0.85	0.8	0.83	0.08	-0.39	0.86	0.82	0.77		0.79	0.46
Common Stock	0.84	0.98	0.96	0.21	0.84	0.94	0.98	0.59	0.94	-0.23	0.59	0.88	0.98	0.52	0.88	0.96	1.0	0.97	0.0	-0.37	0.97	0.97	0.93	0.79		0.51
Other Current Assets	0.67	0.56	0.64	0.08	0.39	0.41	0.61	0.24	0.66	-0.38	0.58	0.33	0.57	0.32	0.33	0.49	0.52	0.64	-0.14	-0.26	0.62	0.53	0.41	0.46	0.51

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Boralex Account Relationship Matchups

Boralex fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	90.6M	98.7M	102.8M	102.8M	102.8M	54.1M
Total Assets	4.6B	5.3B	5.8B	6.5B	6.6B	6.9B
Short Long Term Debt Total	3.3B	3.8B	3.9B	3.6B	3.6B	3.8B
Other Current Liab	3M	252M	14M	330M	6M	5.7M
Total Current Liabilities	304M	403M	395M	821M	715M	750.8M
Total Stockholder Equity	860M	989M	1.0B	1.7B	1.6B	1.7B
Property Plant And Equipment Net	3.0B	3.4B	3.6B	3.7B	3.7B	3.9B
Current Deferred Revenue	94M	82M	(252M)	374M	430.1M	451.6M
Net Debt	3.1B	3.5B	3.7B	3.2B	3.1B	3.3B
Retained Earnings	(233M)	(249M)	(299M)	174M	183M	192.2M
Accounts Payable	36M	161M	145M	57M	38M	40.1M
Cash	153M	275M	256M	361M	478M	501.9M
Non Current Assets Total	4.2B	4.8B	5.3B	5.9B	5.8B	6.1B
Non Currrent Assets Other	19M	21M	90M	369M	121M	71.0M
Cash And Short Term Investments	170M	275M	259M	361M	478M	501.9M
Net Receivables	153M	157M	148M	234M	236M	247.8M
Common Stock Total Equity	733M	984M	1.1B	1.3B	1.5B	1.6B
Liabilities And Stockholders Equity	4.6B	5.3B	5.8B	6.5B	6.6B	6.9B
Non Current Liabilities Total	3.4B	3.9B	4.1B	3.7B	3.8B	4.0B
Inventory	15M	2M	3M	13M	22M	19.4M
Total Liab	3.7B	4.3B	4.5B	4.5B	4.6B	4.8B
Property Plant And Equipment Gross	3.0B	3.4B	4.9B	5.1B	5.4B	5.7B
Total Current Assets	363M	472M	460M	638M	771M	809.6M
Accumulated Other Comprehensive Income	(41M)	(91M)	(29M)	174M	112M	117.6M
Short Term Debt	183M	242M	236M	434M	297M	311.9M
Common Stock	984M	1.1B	1.3B	1.3B	1.5B	1.6B
Other Current Assets	25M	38M	50M	30M	35M	20.3M
Intangible Assets	700M	1.0B	1.1B	1.1B	986M	645.5M
Good Will	188M	222M	218M	233M	234M	162.7M
Other Liab	255M	308M	441M	503M	578.5M	607.4M
Net Tangible Assets	(28M)	(260M)	(364M)	389M	447.4M	469.7M
Other Assets	80M	84M	148M	369M	424.4M	445.6M
Long Term Debt	2.9B	3.3B	3.4B	2.9B	3.0B	2.6B
Long Term Investments	312M	144M	140M	565M	526M	552.3M
Short Long Term Debt	172M	229M	220M	416M	277M	245.3M
Property Plant Equipment	3.0B	3.4B	3.6B	3.7B	4.2B	2.7B
Long Term Debt Total	3.1B	3.5B	3.7B	3.2B	3.6B	3.0B

Pair Trading with Boralex

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

Moving against Boralex Stock

0.48	JPM	JPMorgan Chase	Pair Corr
0.36	RY-PS	Royal Bank	Pair Corr
0.35	BOFA	Bank of America	Pair Corr
0.31	RY-PO	Royal Bank	Pair Corr

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

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

Other Information on Investing in Boralex Stock

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

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Boralex Price To Sales Ratio vs Capex To Depreciation Analysis

Price To Sales Ratio vs Capex To Depreciation

Price To Sales Ratio vs Capex To Depreciation Correlation Analysis

Correlation Coefficient

Price To Sales Ratio

Capex To Depreciation

Boralex fundamental ratios Correlations

Boralex Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Boralex fundamental ratios Accounts

Pair Trading with Boralex

Moving against Boralex Stock

Other Information on Investing in Boralex Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

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

Accounts Payable	- 0.67	Retained Earnings
Other Stockholder Equity	- 0.48	Net Debt
Retained Earnings	- 0.47	Common Stock Shares Outstanding
Total Liab	- 0.46	Other Stockholder Equity
Other Stockholder Equity	- 0.46	Non Current Liabilities Total
Other Stockholder Equity	- 0.46	Property Plant And Equipment Net