Cogeco Current Deferred Revenue vs Good Will Analysis

CCA Stock

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

Current Deferred Revenue vs Good Will

Current Deferred Revenue vs Good Will Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cogeco Communications Current Deferred Revenue account and Good Will. At this time, the significance of the direction appears to have weak relationship.

The correlation between Cogeco Communications' Current Deferred Revenue and Good Will is 0.31. Overlapping area represents the amount of variation of Current Deferred Revenue that can explain the historical movement of Good Will in the same time period over historical financial statements of Cogeco Communications, assuming nothing else is changed. The correlation between historical values of Cogeco Communications' Current Deferred Revenue and Good Will is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Current Deferred Revenue of Cogeco Communications are associated (or correlated) with its Good Will. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Good Will has no effect on the direction of Current Deferred Revenue i.e., Cogeco Communications' Current Deferred Revenue and Good Will go up and down completely randomly.

Correlation Coefficient

0.31

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Current Deferred Revenue

Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.

Good Will

An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.

Most indicators from Cogeco Communications' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cogeco Communications 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 Cogeco Communications. 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, Cogeco Communications' Tax Provision is very stable compared to the past year. As of the 26th of November 2024, Discontinued Operations is likely to grow to about 91 M, while Selling General Administrative is likely to drop about 19.9 M.

	2021	2022	2023	2024 (projected)
Gross Profit	2.1B	932.4M	2.5B	2.6B
Total Revenue	2.9B	3.0B	3.0B	1.6B

Gross Profit Total Revenue

Cogeco Communications fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Other Current Liab	Current Deferred Revenue	Short Term Debt	Good Will	Intangible Assets	Common Stock
Total Assets		0.97	0.64	0.98	0.98	0.97	0.93	0.68	0.31	1.0	0.07	0.67	0.49	0.41	0.98	0.57	-0.52	0.99	0.87	0.46	0.26	0.33	0.38	0.85	0.88	-0.71
Short Long Term Debt Total	0.97		0.59	0.93	0.97	0.98	0.9	0.63	0.11	0.98	0.02	0.58	0.43	0.32	0.97	0.52	-0.44	0.98	0.87	0.27	0.22	0.19	0.31	0.81	0.82	-0.79
Total Current Liabilities	0.64	0.59		0.62	0.66	0.61	0.54	0.84	0.22	0.63	0.44	0.37	0.47	0.4	0.6	0.7	-0.51	0.67	0.59	0.41	0.31	0.67	0.79	0.71	0.66	-0.34
Total Stockholder Equity	0.98	0.93	0.62		0.96	0.9	0.96	0.63	0.4	0.97	0.04	0.77	0.4	0.41	0.94	0.55	-0.53	0.95	0.88	0.54	0.26	0.34	0.36	0.79	0.86	-0.73
Property Plant And Equipment Net	0.98	0.97	0.66	0.96		0.96	0.9	0.72	0.2	0.99	0.05	0.61	0.51	0.44	0.97	0.52	-0.57	0.98	0.9	0.37	0.32	0.31	0.35	0.79	0.82	-0.76
Net Debt	0.97	0.98	0.61	0.9	0.96		0.85	0.69	0.1	0.98	0.07	0.48	0.56	0.37	0.98	0.56	-0.47	0.99	0.83	0.27	0.25	0.23	0.36	0.86	0.84	-0.7
Retained Earnings	0.93	0.9	0.54	0.96	0.9	0.85		0.45	0.37	0.93	0.08	0.79	0.2	0.17	0.88	0.5	-0.3	0.88	0.93	0.5	0.1	0.29	0.33	0.75	0.83	-0.81
Accounts Payable	0.68	0.63	0.84	0.63	0.72	0.69	0.45		0.17	0.68	0.2	0.27	0.76	0.67	0.7	0.53	-0.76	0.73	0.49	0.34	0.51	0.44	0.46	0.73	0.68	-0.24
Cash	0.31	0.11	0.22	0.4	0.2	0.1	0.37	0.17		0.25	0.16	0.73	0.12	0.27	0.24	0.29	-0.26	0.23	0.17	0.95	0.17	0.37	0.26	0.3	0.44	0.13
Non Current Assets Total	1.0	0.98	0.63	0.97	0.99	0.98	0.93	0.68	0.25		0.07	0.64	0.48	0.4	0.99	0.55	-0.51	0.99	0.88	0.41	0.25	0.3	0.36	0.84	0.87	-0.73
Non Currrent Assets Other	0.07	0.02	0.44	0.04	0.05	0.07	0.08	0.2	0.16	0.07		-0.01	-0.02	-0.17	0.04	0.17	0.17	0.09	0.2	0.14	-0.16	0.58	0.65	0.18	0.17	0.01
Cash And Short Term Investments	0.67	0.58	0.37	0.77	0.61	0.48	0.79	0.27	0.73	0.64	-0.01		-0.03	0.22	0.57	0.32	-0.31	0.58	0.62	0.75	0.18	0.24	0.21	0.44	0.61	-0.51
Net Receivables	0.49	0.43	0.47	0.4	0.51	0.56	0.2	0.76	0.12	0.48	-0.02	-0.03		0.7	0.57	0.55	-0.71	0.56	0.2	0.26	0.56	0.18	0.3	0.57	0.46	0.04
Common Stock Shares Outstanding	0.41	0.32	0.4	0.41	0.44	0.37	0.17	0.67	0.27	0.4	-0.17	0.22	0.7		0.43	0.27	-0.96	0.44	0.08	0.39	0.49	0.34	0.19	0.26	0.26	0.1
Non Current Liabilities Total	0.98	0.97	0.6	0.94	0.97	0.98	0.88	0.7	0.24	0.99	0.04	0.57	0.57	0.43		0.55	-0.53	0.99	0.82	0.4	0.29	0.26	0.33	0.87	0.88	-0.65
Other Current Assets	0.57	0.52	0.7	0.55	0.52	0.56	0.5	0.53	0.29	0.55	0.17	0.32	0.55	0.27	0.55		-0.33	0.58	0.43	0.45	0.24	0.31	0.74	0.72	0.61	-0.23
Other Stockholder Equity	-0.52	-0.44	-0.51	-0.53	-0.57	-0.47	-0.3	-0.76	-0.26	-0.51	0.17	-0.31	-0.71	-0.96	-0.53	-0.33		-0.54	-0.25	-0.39	-0.5	-0.32	-0.19	-0.37	-0.38	0.09
Total Liab	0.99	0.98	0.67	0.95	0.98	0.99	0.88	0.73	0.23	0.99	0.09	0.58	0.56	0.44	0.99	0.58	-0.54		0.84	0.4	0.3	0.32	0.4	0.86	0.86	-0.67
Property Plant And Equipment Gross	0.87	0.87	0.59	0.88	0.9	0.83	0.93	0.49	0.17	0.88	0.2	0.62	0.2	0.08	0.82	0.43	-0.25	0.84		0.33	0.08	0.36	0.38	0.67	0.72	-0.89
Total Current Assets	0.46	0.27	0.41	0.54	0.37	0.27	0.5	0.34	0.95	0.41	0.14	0.75	0.26	0.39	0.4	0.45	-0.39	0.4	0.33		0.21	0.54	0.41	0.44	0.55	0.02
Other Current Liab	0.26	0.22	0.31	0.26	0.32	0.25	0.1	0.51	0.17	0.25	-0.16	0.18	0.56	0.49	0.29	0.24	-0.5	0.3	0.08	0.21		-0.08	0.09	0.19	0.19	0.0
Current Deferred Revenue	0.33	0.19	0.67	0.34	0.31	0.23	0.29	0.44	0.37	0.3	0.58	0.24	0.18	0.34	0.26	0.31	-0.32	0.32	0.36	0.54	-0.08		0.74	0.31	0.32	-0.01
Short Term Debt	0.38	0.31	0.79	0.36	0.35	0.36	0.33	0.46	0.26	0.36	0.65	0.21	0.3	0.19	0.33	0.74	-0.19	0.4	0.38	0.41	0.09	0.74		0.46	0.36	-0.11
Good Will	0.85	0.81	0.71	0.79	0.79	0.86	0.75	0.73	0.3	0.84	0.18	0.44	0.57	0.26	0.87	0.72	-0.37	0.86	0.67	0.44	0.19	0.31	0.46		0.95	-0.44
Intangible Assets	0.88	0.82	0.66	0.86	0.82	0.84	0.83	0.68	0.44	0.87	0.17	0.61	0.46	0.26	0.88	0.61	-0.38	0.86	0.72	0.55	0.19	0.32	0.36	0.95		-0.48
Common Stock	-0.71	-0.79	-0.34	-0.73	-0.76	-0.7	-0.81	-0.24	0.13	-0.73	0.01	-0.51	0.04	0.1	-0.65	-0.23	0.09	-0.67	-0.89	0.02	0.0	-0.01	-0.11	-0.44	-0.48

Click cells to compare fundamentals

Cogeco Communications Account Relationship Matchups

Cogeco Communications fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	6.8B	7.4B	9.3B	9.8B	9.7B	10.2B
Short Long Term Debt Total	3.1B	3.3B	4.7B	5.0B	5.8B	6.1B
Total Current Liabilities	373.0M	751.7M	987.1M	509.9M	863.0M	442.4M
Total Stockholder Equity	2.3B	2.4B	2.8B	3.0B	3.0B	3.1B
Property Plant And Equipment Net	2.1B	2.4B	3.0B	3.2B	3.3B	3.5B
Net Debt	2.8B	2.9B	4.3B	4.7B	4.7B	4.9B
Retained Earnings	1.3B	1.5B	1.7B	1.9B	2.0B	2.1B
Accounts Payable	211.1M	270.5M	380.5M	319.2M	359.7M	237.9M
Cash	366.5M	365.5M	370.9M	362.9M	76.3M	72.5M
Non Current Assets Total	6.3B	6.7B	8.8B	9.2B	9.4B	9.9B
Non Currrent Assets Other	3.0M	15.3M	67.0M	2.0M	3.6M	3.4M
Cash And Short Term Investments	366.5M	365.5M	370.9M	362.9M	417.4M	438.2M
Net Receivables	86.3M	84.4M	114.9M	146.3M	86.0M	84.8M
Common Stock Shares Outstanding	48.9M	47.8M	46.6M	44.9M	42.0M	48.1M
Liabilities And Stockholders Equity	6.8B	7.4B	9.3B	9.8B	11.2B	11.8B
Non Current Liabilities Total	3.8B	3.8B	5.1B	5.8B	5.3B	5.6B
Other Current Assets	29.3M	33.8M	42.2M	41.8M	39.4M	21.6M
Other Stockholder Equity	16.3M	16.9M	20.0M	19.9M	17.9M	17.0M
Total Liab	4.2B	4.5B	6.1B	6.3B	6.2B	6.5B
Property Plant And Equipment Gross	2.1B	6.2B	7.3B	7.8B	8.2B	8.6B
Total Current Assets	482.1M	654.1M	528.0M	556.4M	245.6M	246.3M
Accumulated Other Comprehensive Income	(7.1M)	(18.0M)	129.6M	175.9M	202.3M	212.4M
Other Current Liab	77.6M	23.7M	67.1M	97.3M	61.3M	61.5M
Current Deferred Revenue	47.2M	227.7M	191.8M	29.3M	33.7M	55.2M
Short Term Debt	37.2M	229.8M	347.7M	64.2M	73.8M	90.3M
Good Will	1.4B	1.5B	2.0B	2.1B	2.1B	1.2B
Intangible Assets	2.8B	2.7B	3.6B	3.7B	3.8B	2.3B
Common Stock	985.0M	958.3M	931.0M	896.4M	806.8M	788.5M
Other Liab	625.1M	702.4M	746.8M	767.9M	883.1M	704.3M
Net Tangible Assets	(2.0B)	(1.9B)	(1.8B)	(2.8B)	(2.5B)	(2.6B)
Other Assets	51.8M	110.6M	169.1M	202.8M	233.2M	244.9M
Long Term Debt	3.1B	3.0B	4.3B	4.9B	4.4B	3.8B
Deferred Long Term Liab	39.5M	44.6M	45.9M	66.4M	76.4M	80.2M
Short Long Term Debt	32.6M	225.8M	342.5M	57.6M	367.0M	385.4M
Property Plant Equipment	2.1B	2.4B	3.0B	3.2B	3.7B	2.5B
Long Term Debt Total	3.1B	3.0B	4.3B	5.0B	5.7B	3.8B
Cash And Equivalents	366.5M	549.1M	65.7M	29.3M	33.7M	32.0M

Pair Trading with Cogeco Communications

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

Moving together with Cogeco Stock

0.61	GOOG	Alphabet CDR	Pair Corr
0.7	NVDA	NVIDIA CDR	Pair Corr
0.79	INTC	INTEL CDR	Pair Corr

Moving against Cogeco Stock

0.72

BOEING CDR

Pair Corr

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

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

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

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Cogeco Current Deferred Revenue vs Good Will Analysis

Current Deferred Revenue vs Good Will

Current Deferred Revenue vs Good Will Correlation Analysis

Correlation Coefficient

Current Deferred Revenue

Good Will

Cogeco Communications fundamental ratios Correlations

Cogeco Communications Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Cogeco Communications fundamental ratios Accounts

Pair Trading with Cogeco Communications

Moving together with Cogeco Stock

Moving against Cogeco Stock

Other Information on Investing in Cogeco Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Total Liab	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Property Plant And Equipment Net
Total Liab	+ 0.99	Net Debt
Non Current Liabilities Total	+ 0.99	Non Current Assets Total
Total Liab	+ 0.99	Non Current Assets Total

Other Stockholder Equity	- 0.96	Common Stock Shares Outstanding
Common Stock	- 0.89	Property Plant And Equipment Gross
Common Stock	- 0.81	Retained Earnings
Common Stock	- 0.79	Short Long Term Debt Total
Other Stockholder Equity	- 0.76	Accounts Payable
Common Stock	- 0.76	Property Plant And Equipment Net