Chemtrade Net Income vs Free Cash Flow Analysis

CHE-UN Stock

CAD 11.61 0.11 0.96%

Chemtrade Logistics financial indicator trend analysis is way more than just evaluating Chemtrade Logistics prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Chemtrade Logistics is a good investment. Please check the relationship between Chemtrade Logistics Net Income and its Free Cash Flow accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Chemtrade Logistics Income. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

Net Income vs Free Cash Flow

Net Income vs Free Cash Flow Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Chemtrade Logistics Net Income account and Free Cash Flow. At this time, the significance of the direction appears to have weak relationship.

The correlation between Chemtrade Logistics' Net Income and Free Cash Flow is 0.33. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Free Cash Flow in the same time period over historical financial statements of Chemtrade Logistics Income, assuming nothing else is changed. The correlation between historical values of Chemtrade Logistics' Net Income and Free Cash Flow is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of Chemtrade Logistics Income are associated (or correlated) with its Free Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow has no effect on the direction of Net Income i.e., Chemtrade Logistics' Net Income and Free Cash Flow go up and down completely randomly.

Correlation Coefficient

0.33

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Chemtrade Logistics financial statement analysis. It represents the amount of money remaining after all of Chemtrade Logistics Income operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Most indicators from Chemtrade Logistics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Chemtrade Logistics 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 Chemtrade Logistics Income. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

At present, Chemtrade Logistics' Discontinued Operations is projected to increase significantly based on the last few years of reporting. The current year's Tax Provision is expected to grow to about 44.2 M, whereas Selling General Administrative is forecasted to decline to about 104.5 M.

	2021	2022	2023	2024 (projected)
Total Revenue	1.4B	1.8B	1.8B	1.1B
Depreciation And Amortization	239.6M	217.0M	217.5M	124.8M

Total Revenue Depreciation And Amortization

Chemtrade Logistics fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	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	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Intangible Assets	Current Deferred Revenue	Short Term Debt	Good Will	Common Stock
Total Assets		0.93	0.29	0.76	0.9	0.96	0.93	-0.48	0.88	-0.16	1.0	0.01	-0.16	0.78	0.51	0.98	0.84	0.38	-0.41	0.97	0.87	0.65	0.79	0.39	0.86	0.79
Short Long Term Debt Total	0.93		0.28	0.81	0.69	0.96	1.0	-0.63	0.79	-0.1	0.91	0.06	-0.1	0.57	0.52	0.97	0.88	0.58	-0.38	0.98	0.92	0.49	0.7	0.61	0.64	0.83
Other Current Liab	0.29	0.28		0.6	0.24	0.42	0.27	-0.67	0.5	0.25	0.29	0.76	0.25	0.27	0.85	0.2	0.63	-0.19	-0.27	0.29	0.28	-0.28	0.21	0.36	0.15	0.69
Total Current Liabilities	0.76	0.81	0.6		0.52	0.87	0.8	-0.78	0.86	0.1	0.75	0.36	0.1	0.51	0.68	0.74	0.91	0.23	-0.34	0.83	0.73	0.16	0.75	0.73	0.51	0.86
Total Stockholder Equity	0.9	0.69	0.24	0.52		0.78	0.69	-0.15	0.78	-0.24	0.91	-0.12	-0.24	0.91	0.37	0.8	0.63	0.12	-0.36	0.78	0.67	0.77	0.65	0.04	0.92	0.58
Property Plant And Equipment Net	0.96	0.96	0.42	0.87	0.78		0.96	-0.65	0.9	-0.09	0.95	0.17	-0.09	0.68	0.62	0.96	0.94	0.44	-0.43	0.98	0.9	0.47	0.8	0.53	0.71	0.89
Net Debt	0.93	1.0	0.27	0.8	0.69	0.96		-0.62	0.78	-0.15	0.91	0.05	-0.15	0.57	0.5	0.97	0.87	0.59	-0.4	0.98	0.91	0.5	0.69	0.61	0.65	0.82
Retained Earnings	-0.48	-0.63	-0.67	-0.78	-0.15	-0.65	-0.62		-0.58	-0.22	-0.45	-0.74	-0.22	-0.07	-0.85	-0.54	-0.76	-0.35	0.37	-0.61	-0.58	0.32	-0.5	-0.7	-0.2	-0.87
Accounts Payable	0.88	0.79	0.5	0.86	0.78	0.9	0.78	-0.58		0.12	0.88	0.23	0.12	0.8	0.65	0.82	0.88	0.11	-0.3	0.87	0.77	0.44	0.86	0.35	0.71	0.78
Cash	-0.16	-0.1	0.25	0.1	-0.24	-0.09	-0.15	-0.22	0.12		-0.19	0.35	1.0	-0.12	0.23	-0.14	0.15	-0.16	0.59	-0.1	0.08	-0.33	0.01	-0.07	-0.28	0.05
Non Current Assets Total	1.0	0.91	0.29	0.75	0.91	0.95	0.91	-0.45	0.88	-0.19		-0.01	-0.19	0.8	0.49	0.96	0.82	0.33	-0.43	0.96	0.83	0.67	0.79	0.37	0.89	0.78
Non Currrent Assets Other	0.01	0.06	0.76	0.36	-0.12	0.17	0.05	-0.74	0.23	0.35	-0.01		0.35	-0.12	0.84	0.0	0.35	0.02	-0.15	0.08	0.15	-0.68	0.17	0.21	-0.13	0.54
Cash And Short Term Investments	-0.16	-0.1	0.25	0.1	-0.24	-0.09	-0.15	-0.22	0.12	1.0	-0.19	0.35		-0.12	0.23	-0.14	0.15	-0.16	0.59	-0.1	0.08	-0.33	0.01	-0.07	-0.28	0.05
Net Receivables	0.78	0.57	0.27	0.51	0.91	0.68	0.57	-0.07	0.8	-0.12	0.8	-0.12	-0.12		0.35	0.66	0.55	-0.06	-0.2	0.65	0.57	0.74	0.65	0.01	0.76	0.44
Common Stock Shares Outstanding	0.51	0.52	0.85	0.68	0.37	0.62	0.5	-0.85	0.65	0.23	0.49	0.84	0.23	0.35		0.48	0.73	0.14	-0.37	0.54	0.56	-0.23	0.47	0.38	0.31	0.85
Non Current Liabilities Total	0.98	0.97	0.2	0.74	0.8	0.96	0.97	-0.54	0.82	-0.14	0.96	0.0	-0.14	0.66	0.48		0.83	0.53	-0.4	0.99	0.9	0.59	0.77	0.46	0.78	0.79
Inventory	0.84	0.88	0.63	0.91	0.63	0.94	0.87	-0.76	0.88	0.15	0.82	0.35	0.15	0.55	0.73	0.83		0.34	-0.38	0.88	0.85	0.25	0.68	0.58	0.53	0.93
Other Current Assets	0.38	0.58	-0.19	0.23	0.12	0.44	0.59	-0.35	0.11	-0.16	0.33	0.02	-0.16	-0.06	0.14	0.53	0.34		-0.16	0.49	0.68	0.1	0.22	0.33	0.08	0.35
Other Stockholder Equity	-0.41	-0.38	-0.27	-0.34	-0.36	-0.43	-0.4	0.37	-0.3	0.59	-0.43	-0.15	0.59	-0.2	-0.37	-0.4	-0.38	-0.16		-0.41	-0.24	-0.07	-0.27	-0.25	-0.43	-0.48
Total Liab	0.97	0.98	0.29	0.83	0.78	0.98	0.98	-0.61	0.87	-0.1	0.96	0.08	-0.1	0.65	0.54	0.99	0.88	0.49	-0.41		0.9	0.53	0.8	0.53	0.76	0.84
Total Current Assets	0.87	0.92	0.28	0.73	0.67	0.9	0.91	-0.58	0.77	0.08	0.83	0.15	0.08	0.57	0.56	0.9	0.85	0.68	-0.24	0.9		0.42	0.66	0.42	0.57	0.77
Intangible Assets	0.65	0.49	-0.28	0.16	0.77	0.47	0.5	0.32	0.44	-0.33	0.67	-0.68	-0.33	0.74	-0.23	0.59	0.25	0.1	-0.07	0.53	0.42		0.38	-0.09	0.7	0.09
Current Deferred Revenue	0.79	0.7	0.21	0.75	0.65	0.8	0.69	-0.5	0.86	0.01	0.79	0.17	0.01	0.65	0.47	0.77	0.68	0.22	-0.27	0.8	0.66	0.38		0.3	0.67	0.65
Short Term Debt	0.39	0.61	0.36	0.73	0.04	0.53	0.61	-0.7	0.35	-0.07	0.37	0.21	-0.07	0.01	0.38	0.46	0.58	0.33	-0.25	0.53	0.42	-0.09	0.3		0.12	0.6
Good Will	0.86	0.64	0.15	0.51	0.92	0.71	0.65	-0.2	0.71	-0.28	0.89	-0.13	-0.28	0.76	0.31	0.78	0.53	0.08	-0.43	0.76	0.57	0.7	0.67	0.12		0.56
Common Stock	0.79	0.83	0.69	0.86	0.58	0.89	0.82	-0.87	0.78	0.05	0.78	0.54	0.05	0.44	0.85	0.79	0.93	0.35	-0.48	0.84	0.77	0.09	0.65	0.6	0.56

Click cells to compare fundamentals

Chemtrade Logistics Account Relationship Matchups

Chemtrade Logistics fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.8B	2.5B	2.0B	2.2B	2.1B	1.5B
Short Long Term Debt Total	1.5B	1.4B	1.2B	1.0B	863.9M	657.9M
Other Current Liab	18.7M	17.0M	110.4M	176.4M	200.7M	210.8M
Total Current Liabilities	370.4M	295.1M	437.9M	390.6M	409.8M	231.7M
Total Stockholder Equity	759.6M	605.8M	379.8M	566.2M	707.1M	514.5M
Property Plant And Equipment Net	1.3B	1.2B	1.1B	1.1B	1.1B	644.4M
Net Debt	1.5B	1.4B	1.2B	970.3M	842.4M	636.2M
Retained Earnings	(870.9M)	(1.1B)	(1.4B)	(1.3B)	(1.1B)	(1.1B)
Accounts Payable	134.7M	128.6M	136.3M	168.6M	159.8M	105.6M
Cash	13.5M	12.5M	13.9M	72.6M	21.5M	21.7M
Non Current Assets Total	2.3B	2.1B	1.8B	1.8B	1.8B	1.3B
Non Currrent Assets Other	1.0M	28.4M	30.8M	58.4M	80.4M	84.4M
Cash And Short Term Investments	13.5M	12.5M	13.9M	72.6M	21.5M	21.7M
Net Receivables	157.1M	91.6M	97.8M	128.6M	154.6M	120.8M
Common Stock Shares Outstanding	92.6M	92.7M	101.7M	147.4M	157.9M	165.8M
Liabilities And Stockholders Equity	2.8B	2.5B	2.0B	2.2B	2.1B	1.5B
Non Current Liabilities Total	1.6B	1.6B	1.2B	1.2B	992.3M	774.9M
Inventory	122.3M	111.5M	111.7M	147.4M	124.9M	65.0M
Other Current Assets	207.5M	207.3M	7.5M	12.3M	25.0M	26.2M
Total Liab	2.0B	1.9B	1.7B	1.6B	1.4B	1.0B
Total Current Assets	500.4M	423.0M	231.0M	360.9M	326.0M	236.1M
Accumulated Other Comprehensive Income	158.6M	232.5M	207.6M	255.3M	196.9M	206.8M
Intangible Assets	312.7M	247.3M	148.7M	109.3M	70.7M	67.1M
Short Term Debt	123.0M	47.5M	191.1M	45.6M	49.3M	41.5M
Good Will	558.5M	500.8M	455.9M	477.2M	468.0M	437.9M
Common Stock	1.5B	1.5B	1.5B	1.6B	1.6B	1.4B
Other Liab	229.7M	240.5M	221.0M	202.9M	182.6M	205.3M
Net Tangible Assets	(111.6M)	(142.3M)	(224.7M)	(20.2M)	(23.3M)	(24.4M)
Other Assets	106.3M	127.0M	132.4M	119.0M	136.9M	82.4M
Long Term Debt	1.3B	1.2B	899.8M	903.2M	684.1M	1.0B
Deferred Long Term Liab	5.6M	3.8M	3.2M	3.1M	2.8M	4.1M
Short Long Term Debt	3.9M	84.0M	74.6M	143.9M	129.5M	77.8M
Property Plant Equipment	1.3B	1.2B	1.1B	1.1B	1.2B	1.1B
Capital Lease Obligations	182.0M	161.5M	148.1M	139.6M	179.9M	112.4M
Non Current Liabilities Other	17.3M	14.9M	27.1M	21.6M	23.2M	20.3M
Net Invested Capital	2.1B	1.8B	1.4B	1.5B	1.4B	1.5B

Pair Trading with Chemtrade Logistics

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

Moving together with Chemtrade Stock

0.69	AG	First Majestic Silver	Pair Corr
0.79	IE	Ivanhoe Energy	Pair Corr
0.86	FDY	Faraday Copper Corp	Pair Corr

Moving against Chemtrade Stock

0.66	VCM	Vecima Networks	Pair Corr
0.59	INFM	Infinico Metals Corp	Pair Corr

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

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

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

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Chemtrade Net Income vs Free Cash Flow Analysis

Net Income vs Free Cash Flow

Net Income vs Free Cash Flow Correlation Analysis

Correlation Coefficient

Net Income

Free Cash Flow

Chemtrade Logistics fundamental ratios Correlations

Chemtrade Logistics Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Chemtrade Logistics fundamental ratios Accounts

Pair Trading with Chemtrade Logistics

Moving together with Chemtrade Stock

Moving against Chemtrade Stock

Other Information on Investing in Chemtrade Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Cash And Short Term Investments	+ 1.0	Cash
Total Liab	+ 0.99	Non Current Liabilities Total
Non Current Liabilities Total	+ 0.98	Total Assets
Total Liab	+ 0.98	Short Long Term Debt Total

Common Stock	- 0.87	Retained Earnings
Common Stock Shares Outstanding	- 0.85	Retained Earnings
Retained Earnings	- 0.78	Total Current Liabilities
Inventory	- 0.76	Retained Earnings
Non Currrent Assets Other	- 0.74	Retained Earnings
Short Term Debt	- 0.7	Retained Earnings