Canadian Inventory vs Net Debt Analysis

CU Stock

CAD 35.71 0.09 0.25%

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

Inventory vs Net Debt

Inventory vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Canadian Utilities Inventory account and Net Debt. At this time, the significance of the direction appears to have pay attention.

The correlation between Canadian Utilities' Inventory and Net Debt is -0.78. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Net Debt in the same time period over historical financial statements of Canadian Utilities Limited, assuming nothing else is changed. The correlation between historical values of Canadian Utilities' Inventory 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 Inventory of Canadian Utilities Limited 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 Inventory i.e., Canadian Utilities' Inventory and Net Debt go up and down completely randomly.

Correlation Coefficient

-0.78

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

Inventory

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

As of the 26th of November 2024, Sales General And Administrative To Revenue is likely to grow to 0.13, while Selling General Administrative is likely to drop about 371.9 M.

	2021	2022	2023	2024 (projected)
Gross Profit	2.4B	2.7B	1.5B	1.9B
Total Revenue	3.5B	4.0B	3.8B	3.2B

Gross Profit Total Revenue

Canadian Utilities 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 Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock
Common Stock Shares Outstanding		0.66	0.67	0.07	0.41	0.66	0.65	-0.49	0.65	0.67	0.2	0.25	0.65	0.3	0.55	0.61	0.66	0.66	-0.67	0.32	-0.73	0.65	0.85	0.67	0.57	0.72
Total Assets	0.66		0.99	0.45	0.74	0.98	0.99	-0.56	0.98	0.97	0.59	0.48	1.0	0.45	0.52	0.83	0.95	1.0	-0.8	0.45	-0.84	1.0	0.7	0.78	0.36	0.96
Short Long Term Debt Total	0.67	0.99		0.44	0.74	0.95	0.98	-0.55	1.0	0.94	0.55	0.43	0.99	0.53	0.48	0.83	0.97	1.0	-0.81	0.52	-0.8	1.0	0.68	0.8	0.4	0.97
Other Current Liab	0.07	0.45	0.44		0.34	0.42	0.42	-0.58	0.42	0.4	0.51	0.48	0.44	0.46	0.26	0.45	0.33	0.46	-0.57	0.37	-0.39	0.46	0.05	0.47	-0.2	0.38
Total Current Liabilities	0.41	0.74	0.74	0.34		0.66	0.7	-0.51	0.75	0.64	0.73	0.21	0.73	0.5	0.27	0.82	0.66	0.72	-0.47	0.37	-0.6	0.76	0.62	0.62	0.68	0.64
Total Stockholder Equity	0.66	0.98	0.95	0.42	0.66		0.98	-0.5	0.93	1.0	0.58	0.56	0.98	0.32	0.61	0.73	0.91	0.96	-0.78	0.32	-0.89	0.96	0.68	0.71	0.29	0.92
Property Plant And Equipment Net	0.65	0.99	0.98	0.42	0.7	0.98		-0.52	0.97	0.98	0.56	0.49	1.0	0.36	0.53	0.79	0.96	0.99	-0.79	0.36	-0.83	0.98	0.7	0.72	0.32	0.95
Current Deferred Revenue	-0.49	-0.56	-0.55	-0.58	-0.51	-0.5	-0.52		-0.55	-0.5	-0.63	-0.11	-0.55	-0.3	-0.25	-0.57	-0.45	-0.56	0.45	-0.38	0.64	-0.57	-0.59	-0.53	-0.29	-0.46
Net Debt	0.65	0.98	1.0	0.42	0.75	0.93	0.97	-0.55		0.92	0.55	0.36	0.98	0.54	0.39	0.82	0.96	0.99	-0.78	0.54	-0.77	0.99	0.67	0.76	0.4	0.96
Retained Earnings	0.67	0.97	0.94	0.4	0.64	1.0	0.98	-0.5	0.92		0.57	0.56	0.97	0.29	0.62	0.72	0.9	0.95	-0.76	0.3	-0.9	0.95	0.68	0.71	0.29	0.91
Accounts Payable	0.2	0.59	0.55	0.51	0.73	0.58	0.56	-0.63	0.55	0.57		0.2	0.59	0.3	0.2	0.55	0.38	0.57	-0.24	0.39	-0.65	0.6	0.43	0.51	0.15	0.37
Cash	0.25	0.48	0.43	0.48	0.21	0.56	0.49	-0.11	0.36	0.56	0.2		0.46	0.09	0.9	0.39	0.44	0.45	-0.64	-0.02	-0.48	0.44	0.15	0.55	-0.03	0.49
Non Current Assets Total	0.65	1.0	0.99	0.44	0.73	0.98	1.0	-0.55	0.98	0.97	0.59	0.46		0.42	0.5	0.81	0.95	0.99	-0.79	0.41	-0.84	0.99	0.69	0.74	0.35	0.95
Non Currrent Assets Other	0.3	0.45	0.53	0.46	0.5	0.32	0.36	-0.3	0.54	0.29	0.3	0.09	0.42		0.0	0.47	0.41	0.47	-0.49	0.76	-0.27	0.49	0.09	0.58	0.33	0.45
Cash And Short Term Investments	0.55	0.52	0.48	0.26	0.27	0.61	0.53	-0.25	0.39	0.62	0.2	0.9	0.5	0.0		0.47	0.49	0.49	-0.64	-0.04	-0.62	0.48	0.46	0.63	0.23	0.55
Net Receivables	0.61	0.83	0.83	0.45	0.82	0.73	0.79	-0.57	0.82	0.72	0.55	0.39	0.81	0.47	0.47		0.82	0.83	-0.74	0.49	-0.62	0.85	0.74	0.85	0.51	0.83
Common Stock Total Equity	0.66	0.95	0.97	0.33	0.66	0.91	0.96	-0.45	0.96	0.9	0.38	0.44	0.95	0.41	0.49	0.82		0.96	-0.82	0.41	-0.68	0.96	0.69	0.74	0.39	0.99
Non Current Liabilities Total	0.66	1.0	1.0	0.46	0.72	0.96	0.99	-0.56	0.99	0.95	0.57	0.45	0.99	0.47	0.49	0.83	0.96		-0.81	0.49	-0.81	1.0	0.69	0.79	0.34	0.96
Inventory	-0.67	-0.8	-0.81	-0.57	-0.47	-0.78	-0.79	0.45	-0.78	-0.76	-0.24	-0.64	-0.79	-0.49	-0.64	-0.74	-0.82	-0.81		-0.39	0.64	-0.8	-0.57	-0.76	-0.27	-0.87
Other Current Assets	0.32	0.45	0.52	0.37	0.37	0.32	0.36	-0.38	0.54	0.3	0.39	-0.02	0.41	0.76	-0.04	0.49	0.41	0.49	-0.39		-0.29	0.49	0.23	0.71	0.11	0.43
Other Stockholder Equity	-0.73	-0.84	-0.8	-0.39	-0.6	-0.89	-0.83	0.64	-0.77	-0.9	-0.65	-0.48	-0.84	-0.27	-0.62	-0.62	-0.68	-0.81	0.64	-0.29		-0.81	-0.7	-0.68	-0.35	-0.72
Total Liab	0.65	1.0	1.0	0.46	0.76	0.96	0.98	-0.57	0.99	0.95	0.6	0.44	0.99	0.49	0.48	0.85	0.96	1.0	-0.8	0.49	-0.81		0.7	0.79	0.38	0.96
Property Plant And Equipment Gross	0.85	0.7	0.68	0.05	0.62	0.68	0.7	-0.59	0.67	0.68	0.43	0.15	0.69	0.09	0.46	0.74	0.69	0.69	-0.57	0.23	-0.7	0.7		0.61	0.61	0.7
Total Current Assets	0.67	0.78	0.8	0.47	0.62	0.71	0.72	-0.53	0.76	0.71	0.51	0.55	0.74	0.58	0.63	0.85	0.74	0.79	-0.76	0.71	-0.68	0.79	0.61		0.36	0.78
Short Term Debt	0.57	0.36	0.4	-0.2	0.68	0.29	0.32	-0.29	0.4	0.29	0.15	-0.03	0.35	0.33	0.23	0.51	0.39	0.34	-0.27	0.11	-0.35	0.38	0.61	0.36		0.38
Common Stock	0.72	0.96	0.97	0.38	0.64	0.92	0.95	-0.46	0.96	0.91	0.37	0.49	0.95	0.45	0.55	0.83	0.99	0.96	-0.87	0.43	-0.72	0.96	0.7	0.78	0.38

Click cells to compare fundamentals

Canadian Utilities Account Relationship Matchups

Canadian Utilities fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	273.2M	273.3M	270.3M	269.7M	270.3M	284.8M
Total Assets	20.0B	20.3B	21.1B	22.0B	23.2B	13.9B
Short Long Term Debt Total	9.0B	9.1B	9.6B	9.6B	10.6B	6.2B
Other Current Liab	572M	678M	871M	1.2B	66M	62.7M
Total Current Liabilities	739M	856M	1.4B	1.3B	1.4B	859.1M
Total Stockholder Equity	6.7B	6.6B	6.6B	6.9B	6.9B	4.7B
Property Plant And Equipment Net	17.3B	17.6B	18.1B	18.6B	19.9B	11.5B
Current Deferred Revenue	(536M)	(549M)	(739M)	(989M)	(890.1M)	(845.6M)
Net Debt	8.1B	8.3B	8.8B	8.9B	10.4B	5.6B
Retained Earnings	4.1B	3.9B	3.9B	3.9B	4.1B	2.9B
Accounts Payable	536M	549M	739M	989M	820M	622.5M
Cash	973M	776M	746M	698M	207M	196.7M
Non Current Assets Total	18.3B	18.7B	19.3B	20.1B	21.7B	12.5B
Non Currrent Assets Other	222M	225M	322M	379M	131M	124.5M
Cash And Short Term Investments	973M	776M	746M	698M	407M	578.6M
Net Receivables	631M	658M	769M	884M	755M	576.2M
Common Stock Total Equity	1.2B	1.2B	1.2B	1.2B	1.4B	795.2M
Liabilities And Stockholders Equity	20.0B	20.3B	21.1B	22.0B	23.2B	13.9B
Non Current Liabilities Total	12.4B	12.6B	12.8B	13.6B	14.6B	8.3B
Inventory	30M	28M	21M	24M	64M	66.4M
Other Current Assets	80M	97M	195M	261M	211M	138.4M
Total Liab	13.1B	13.5B	14.3B	14.9B	16.0B	9.1B
Property Plant And Equipment Gross	17.3B	17.6B	24.3B	25.3B	27.1B	28.4B
Total Current Assets	1.7B	1.6B	1.7B	1.9B	1.4B	1.4B
Accumulated Other Comprehensive Income	(47M)	(30M)	(22M)	126M	(1M)	(1.1M)
Short Term Debt	167M	178M	547M	113M	536M	562.8M
Common Stock	1.2B	1.2B	1.2B	1.2B	1.3B	861.2M
Other Assets	283M	297M	347M	267M	307.1M	602.2M
Intangible Assets	629M	656M	726M	819M	976M	579.1M
Other Liab	3.5B	3.7B	3.8B	4.1B	4.7B	3.8B
Net Tangible Assets	4.6B	4.5B	4.3B	4.5B	5.2B	4.6B
Long Term Debt	8.8B	8.9B	9.0B	9.4B	10.0B	9.5B
Long Term Investments	144M	165M	204M	237M	232M	199.9M
Short Long Term Debt	158M	169M	540M	106M	528M	644.4M
Property Plant Equipment	17.3B	17.6B	18.1B	1.8B	1.6B	1.5B
Long Term Debt Total	8.9B	8.9B	9.0B	9.5B	10.9B	10.1B
Non Current Liabilities Other	106M	115M	88M	132M	175M	125.7M

Pair Trading with Canadian Utilities

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

Moving together with Canadian Stock

0.68	UPS	UPS CDR	Pair Corr
0.72	HD	HOME DEPOT CDR	Pair Corr

Moving against Canadian Stock

0.33

UNH

UnitedHealth Group CDR

Pair Corr

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

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

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

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Canadian Inventory vs Net Debt Analysis

Inventory vs Net Debt

Inventory vs Net Debt Correlation Analysis

Correlation Coefficient

Inventory

Net Debt

Canadian Utilities fundamental ratios Correlations

Canadian Utilities Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Canadian Utilities fundamental ratios Accounts

Pair Trading with Canadian Utilities

Moving together with Canadian Stock

Moving against Canadian Stock

Other Information on Investing in Canadian Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Non Current Liabilities Total	+ 1.0	Total Assets
Total Liab	+ 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

Other Stockholder Equity	- 0.9	Retained Earnings
Other Stockholder Equity	- 0.89	Total Stockholder Equity
Common Stock	- 0.87	Inventory
Other Stockholder Equity	- 0.84	Non Current Assets Total
Other Stockholder Equity	- 0.84	Total Assets
Other Stockholder Equity	- 0.83	Property Plant And Equipment Net