Conifex Cash And Short Term Investments vs Net Debt Analysis

CFF Stock  CAD 0.40  0.01  2.56%   
Conifex Timber financial indicator trend analysis is way more than just evaluating Conifex Timber prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Conifex Timber is a good investment. Please check the relationship between Conifex Timber Cash And Short Term Investments and its Net Debt accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Conifex Timber. 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.

Cash And Short Term Investments vs Net Debt

Cash And Short Term Investments vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Conifex Timber Cash And Short Term Investments account and Net Debt. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Conifex Timber's Cash And Short Term Investments and Net Debt is 0.13. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Net Debt in the same time period over historical financial statements of Conifex Timber, assuming nothing else is changed. The correlation between historical values of Conifex Timber's Cash And Short Term Investments and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Short Term Investments of Conifex Timber are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Cash And Short Term Investments i.e., Conifex Timber's Cash And Short Term Investments and Net Debt go up and down completely randomly.

Correlation Coefficient

0.13
Relationship DirectionPositive 
Relationship StrengthInsignificant

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Conifex Timber balance sheet. This account contains Conifex Timber investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Conifex Timber 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.

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.
Most indicators from Conifex Timber's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Conifex Timber 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 Conifex Timber. 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, Conifex Timber's Selling General Administrative is very stable compared to the past year. As of the 23rd of November 2024, Discontinued Operations is likely to grow to about 291.4 K, though Tax Provision is likely to grow to (11.3 M).
 2021 2022 2023 2024 (projected)
Total Revenue250.5M231.3M141.2M134.1M
Depreciation And Amortization10.8M8.4M11.7M12.4M

Conifex Timber fundamental ratios Correlations

0.570.920.940.210.820.390.390.780.420.4-0.020.960.750.760.950.90.920.910.680.820.46-0.310.280.730.31
0.570.260.72-0.190.62-0.26-0.260.240.380.95-0.150.730.940.730.70.240.250.24-0.020.130.98-0.220.00.150.25
0.920.260.740.270.730.60.60.770.410.090.060.780.510.60.760.890.930.890.790.880.13-0.350.360.790.32
0.940.720.740.160.750.130.130.680.350.57-0.120.990.830.791.00.810.820.840.50.690.66-0.220.220.660.27
0.21-0.190.270.160.20.40.40.62-0.71-0.370.270.15-0.10.090.180.440.370.360.480.18-0.220.65-0.230.35-0.69
0.820.620.730.750.20.520.520.750.270.420.280.810.760.630.760.690.640.640.530.550.48-0.08-0.070.40.01
0.39-0.260.60.130.40.521.00.63-0.03-0.460.380.22-0.060.010.170.560.50.480.590.47-0.40.12-0.110.34-0.21
0.39-0.260.60.130.40.521.00.63-0.03-0.460.380.22-0.060.010.170.560.50.480.590.47-0.40.12-0.110.34-0.21
0.780.240.770.680.620.750.630.63-0.01-0.010.240.720.440.550.690.880.780.810.760.690.120.11-0.070.51-0.22
0.420.380.410.35-0.710.27-0.03-0.03-0.010.46-0.220.390.480.460.330.150.240.230.050.390.34-0.870.440.160.89
0.40.950.090.57-0.370.42-0.46-0.46-0.010.46-0.250.570.870.660.540.020.060.06-0.2-0.020.96-0.340.090.010.37
-0.02-0.150.06-0.120.270.280.380.380.24-0.22-0.25-0.08-0.060.11-0.110.05-0.06-0.010.280.04-0.190.14-0.13-0.24-0.37
0.960.730.780.990.150.810.220.220.720.390.57-0.080.850.810.990.820.820.840.540.710.64-0.250.20.630.27
0.750.940.510.83-0.10.76-0.06-0.060.440.480.87-0.060.850.860.810.460.450.460.270.380.88-0.350.150.270.3
0.760.730.60.790.090.630.010.010.550.460.660.110.810.860.770.530.530.550.390.440.7-0.360.240.380.28
0.950.70.761.00.180.760.170.170.690.330.54-0.110.990.810.770.830.840.860.530.710.62-0.210.210.670.26
0.90.240.890.810.440.690.560.560.880.150.020.050.820.460.530.830.970.980.820.890.12-0.120.180.730.07
0.920.250.930.820.370.640.50.50.780.240.06-0.060.820.450.530.840.970.980.760.890.14-0.190.310.870.23
0.910.240.890.840.360.640.480.480.810.230.06-0.010.840.460.550.860.980.980.780.90.14-0.170.290.780.18
0.68-0.020.790.50.480.530.590.590.760.05-0.20.280.540.270.390.530.820.760.780.85-0.14-0.150.30.5-0.04
0.820.130.880.690.180.550.470.470.690.39-0.020.040.710.380.440.710.890.890.90.850.01-0.420.420.670.38
0.460.980.130.66-0.220.48-0.4-0.40.120.340.96-0.190.640.880.70.620.120.140.14-0.140.01-0.190.010.090.25
-0.31-0.22-0.35-0.220.65-0.080.120.120.11-0.87-0.340.14-0.25-0.35-0.36-0.21-0.12-0.19-0.17-0.15-0.42-0.19-0.51-0.04-0.87
0.280.00.360.22-0.23-0.07-0.11-0.11-0.070.440.09-0.130.20.150.240.210.180.310.290.30.420.01-0.510.390.61
0.730.150.790.660.350.40.340.340.510.160.01-0.240.630.270.380.670.730.870.780.50.670.09-0.040.390.28
0.310.250.320.27-0.690.01-0.21-0.21-0.220.890.37-0.370.270.30.280.260.070.230.18-0.040.380.25-0.870.610.28
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Conifex Timber Account Relationship Matchups

Conifex Timber fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets461.5M216.8M231.5M257.3M219.0M273.1M
Total Current Liabilities254.8M23.9M30.4M34.2M39.3M56.3M
Total Stockholder Equity124.6M116.4M129.8M146.3M115.5M128.5M
Net Debt256.3M52.2M53.0M54.4M54.2M90.6M
Retained Earnings(183.4M)(189.8M)(162.6M)(146.2M)(176.8M)(168.0M)
Accounts Payable35.8M14.8M18.8M17.2M19.1M26.3M
Cash919.5K11.2M6.4M8.4M9.7M11.0M
Cash And Short Term Investments919.5K11.2M6.4M8.4M9.7M11.0M
Net Receivables13.8M10.4M8.8M10.4M7.2M6.8M
Common Stock Shares Outstanding46.8M47.0M45.2M40.1M40.0M26.8M
Liabilities And Stockholders Equity461.5M216.8M231.5M257.3M219.0M273.1M
Other Current Assets256.2M14.3M22.3M25.2M17.2M34.1M
Other Stockholder Equity16.7M18.2M43.6M46.3M45.5M51.6M
Total Liab336.9M100.3M101.6M111.0M103.5M144.6M
Total Current Assets286.3M48.8M77.7M93.3M57.1M90.6M
Other Current Liab60.8M19.4M25.8M22.9M4.0M3.8M
Short Long Term Debt Total257.2M63.4M59.4M62.8M63.8M123.4M
Property Plant And Equipment Net137.3M130.0M125.4M129.9M123.1M181.9M
Non Current Assets Total175.2M167.9M153.7M164.0M161.9M221.6M
Non Current Liabilities Total82.1M76.4M71.2M76.8M64.2M107.3M
Inventory15.3M13.0M40.3M49.2M23.0M39.3M
Property Plant And Equipment Gross137.3M130.0M209.5M222.0M226.2M203.8M
Accumulated Other Comprehensive Income554.1K564K563.7K567.4K566.1K594.4K
Short Term Debt194.0M4.5M4.6M11.2M16.3M15.5M
Intangible Assets3.8M3.5M3.1M3.1M3.0M4.7M
Non Currrent Assets Other5.9M2.7M2.7M9.2M2.7M2.9M
Common Stock Total Equity174.3M289.7M290.7M287.4M330.6M223.1M
Common Stock290.7M287.4M248.3M245.6M246.3M235.2M
Other Liab18.8M17.5M16.5M25.3M29.0M20.7M
Net Tangible Assets118.9M111.1M124.8M141.3M162.5M148.5M
Current Deferred Revenue(35.8M)(14.8M)(18.8M)(17.2M)(15.5M)(16.2M)
Other Assets12.2M12.5M3.3M9.2M10.5M6.0M
Long Term Debt60.2M57.0M53.7M50.1M46.4M76.4M
Short Long Term Debt192.4M3.3M3.5M10.2M15.4M30.2M
Property Plant Equipment137.3M130.0M125.4M129.9M116.9M155.9M
Long Term Debt Total63.3M58.9M54.8M51.6M46.4M86.5M
Capital Surpluse16.7M18.2M43.6M46.3M53.2M55.9M
Capital Lease Obligations4.6M3.1M2.2M2.5M2.1M3.0M

Pair Trading with Conifex Timber

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

Moving together with Conifex Stock

  0.67AG First Majestic SilverPairCorr
The ability to find closely correlated positions to Conifex Timber could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Conifex Timber 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 Conifex Timber - 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 Conifex Timber to buy it.
The correlation of Conifex Timber 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 Conifex Timber moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Conifex Timber 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 Conifex Timber 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 Conifex Stock

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