Currency Net Debt vs Inventory Analysis

CXI Stock

CAD 22.90 0.21 0.91%

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

Net Debt vs Inventory

Net Debt vs Inventory Correlation Analysis

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

The correlation between Currency Exchange's Net Debt and Inventory is -0.78. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Inventory in the same time period over historical financial statements of Currency Exchange International, assuming nothing else is changed. The correlation between historical values of Currency Exchange's Net Debt and Inventory 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 Debt of Currency Exchange International are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Net Debt i.e., Currency Exchange's Net Debt and Inventory go up and down completely randomly.

Correlation Coefficient

-0.78

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

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.

Inventory

Most indicators from Currency Exchange's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Currency Exchange 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 Currency Exchange International. 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.

As of the 26th of November 2024, Selling General Administrative is likely to grow to about 24.7 M. Also, Tax Provision is likely to grow to about 5.2 M

	2021	2022	2023	2024 (projected)
Interest Expense	1.3M	1.3M	1.5M	1.5M
Depreciation And Amortization	3.3M	3.4M	3.9M	4.1M

Interest Expense Depreciation And Amortization

Currency Exchange 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 Total Equity	Common Stock Shares Outstanding	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	Current Deferred Revenue
Total Assets		0.86	0.91	0.95	0.81	0.84	-0.9	0.96	0.92	0.99	0.9	-0.09	0.99	0.96	0.62	0.77	0.25	0.94	0.31	0.63	0.95	0.9	1.0	0.87	0.66	0.91
Short Long Term Debt Total	0.86		0.88	0.92	0.53	0.78	-0.6	0.8	0.79	0.84	0.81	-0.02	0.84	0.87	0.32	0.47	0.0	0.9	0.13	0.85	0.92	0.88	0.86	0.98	0.37	0.89
Other Current Liab	0.91	0.88		0.97	0.63	0.82	-0.76	0.83	0.92	0.89	0.84	0.04	0.89	0.89	0.4	0.59	0.09	0.93	0.46	0.61	0.97	0.94	0.91	0.86	0.44	0.89
Total Current Liabilities	0.95	0.92	0.97		0.67	0.88	-0.78	0.86	0.96	0.93	0.9	0.05	0.93	0.95	0.43	0.62	0.11	0.94	0.42	0.66	1.0	0.97	0.95	0.9	0.47	0.88
Total Stockholder Equity	0.81	0.53	0.63	0.67		0.63	-0.93	0.81	0.7	0.83	0.7	-0.24	0.83	0.74	0.88	0.93	0.39	0.7	0.24	0.31	0.66	0.62	0.81	0.55	0.88	0.67
Property Plant And Equipment Net	0.84	0.78	0.82	0.88	0.63		-0.72	0.7	0.91	0.8	0.97	0.03	0.8	0.76	0.47	0.62	0.13	0.82	0.5	0.4	0.89	0.94	0.81	0.72	0.5	0.63
Net Debt	-0.9	-0.6	-0.76	-0.78	-0.93	-0.72		-0.87	-0.82	-0.92	-0.78	0.26	-0.92	-0.81	-0.82	-0.86	-0.36	-0.78	-0.39	-0.33	-0.77	-0.74	-0.9	-0.61	-0.84	-0.75
Retained Earnings	0.96	0.8	0.83	0.86	0.81	0.7	-0.87		0.8	0.97	0.78	-0.11	0.97	0.94	0.6	0.76	0.27	0.92	0.08	0.67	0.85	0.76	0.97	0.84	0.64	0.91
Accounts Payable	0.92	0.79	0.92	0.96	0.7	0.91	-0.82	0.8		0.89	0.92	0.06	0.89	0.9	0.5	0.66	0.15	0.85	0.61	0.47	0.96	0.97	0.91	0.76	0.53	0.76
Cash	0.99	0.84	0.89	0.93	0.83	0.8	-0.92	0.97	0.89		0.86	-0.15	1.0	0.95	0.66	0.78	0.27	0.93	0.26	0.63	0.92	0.86	1.0	0.85	0.7	0.92
Non Current Assets Total	0.9	0.81	0.84	0.9	0.7	0.97	-0.78	0.78	0.92	0.86		0.0	0.86	0.83	0.53	0.71	0.11	0.85	0.42	0.45	0.91	0.93	0.87	0.77	0.57	0.71
Non Currrent Assets Other	-0.09	-0.02	0.04	0.05	-0.24	0.03	0.26	-0.11	0.06	-0.15	0.0		-0.15	0.01	-0.61	-0.08	-0.05	0.07	0.05	-0.01	0.06	0.07	-0.11	0.04	-0.61	-0.09
Cash And Short Term Investments	0.99	0.84	0.89	0.93	0.83	0.8	-0.92	0.97	0.89	1.0	0.86	-0.15		0.95	0.66	0.78	0.27	0.93	0.26	0.63	0.92	0.86	1.0	0.85	0.7	0.92
Net Receivables	0.96	0.87	0.89	0.95	0.74	0.76	-0.81	0.94	0.9	0.95	0.83	0.01	0.95		0.51	0.71	0.23	0.92	0.27	0.7	0.94	0.88	0.97	0.89	0.55	0.9
Common Stock Total Equity	0.62	0.32	0.4	0.43	0.88	0.47	-0.82	0.6	0.5	0.66	0.53	-0.61	0.66	0.51		0.82	0.4	0.43	0.25	0.12	0.43	0.41	0.63	0.31	1.0	0.49
Common Stock Shares Outstanding	0.77	0.47	0.59	0.62	0.93	0.62	-0.86	0.76	0.66	0.78	0.71	-0.08	0.78	0.71	0.82		0.5	0.68	0.23	0.21	0.62	0.58	0.77	0.5	0.82	0.63
Non Current Liabilities Total	0.25	0.0	0.09	0.11	0.39	0.13	-0.36	0.27	0.15	0.27	0.11	-0.05	0.27	0.23	0.4	0.5		0.25	0.09	-0.17	0.11	0.08	0.26	0.06	0.4	0.13
Inventory	0.94	0.9	0.93	0.94	0.7	0.82	-0.78	0.92	0.85	0.93	0.85	0.07	0.93	0.92	0.43	0.68	0.25		0.19	0.68	0.94	0.88	0.94	0.91	0.48	0.9
Other Current Assets	0.31	0.13	0.46	0.42	0.24	0.5	-0.39	0.08	0.61	0.26	0.42	0.05	0.26	0.27	0.25	0.23	0.09	0.19		-0.24	0.44	0.55	0.29	0.05	0.24	0.09
Other Stockholder Equity	0.63	0.85	0.61	0.66	0.31	0.4	-0.33	0.67	0.47	0.63	0.45	-0.01	0.63	0.7	0.12	0.21	-0.17	0.68	-0.24		0.65	0.56	0.64	0.86	0.16	0.81
Total Liab	0.95	0.92	0.97	1.0	0.66	0.89	-0.77	0.85	0.96	0.92	0.91	0.06	0.92	0.94	0.43	0.62	0.11	0.94	0.44	0.65		0.98	0.94	0.9	0.47	0.86
Property Plant And Equipment Gross	0.9	0.88	0.94	0.97	0.62	0.94	-0.74	0.76	0.97	0.86	0.93	0.07	0.86	0.88	0.41	0.58	0.08	0.88	0.55	0.56	0.98		0.89	0.83	0.45	0.77
Total Current Assets	1.0	0.86	0.91	0.95	0.81	0.81	-0.9	0.97	0.91	1.0	0.87	-0.11	1.0	0.97	0.63	0.77	0.26	0.94	0.29	0.64	0.94	0.89		0.87	0.67	0.92
Short Term Debt	0.87	0.98	0.86	0.9	0.55	0.72	-0.61	0.84	0.76	0.85	0.77	0.04	0.85	0.89	0.31	0.5	0.06	0.91	0.05	0.86	0.9	0.83	0.87		0.36	0.91
Common Stock	0.66	0.37	0.44	0.47	0.88	0.5	-0.84	0.64	0.53	0.7	0.57	-0.61	0.7	0.55	1.0	0.82	0.4	0.48	0.24	0.16	0.47	0.45	0.67	0.36		0.53
Current Deferred Revenue	0.91	0.89	0.89	0.88	0.67	0.63	-0.75	0.91	0.76	0.92	0.71	-0.09	0.92	0.9	0.49	0.63	0.13	0.9	0.09	0.81	0.86	0.77	0.92	0.91	0.53

Click cells to compare fundamentals

Currency Exchange Account Relationship Matchups

Currency Exchange fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	85.8M	102.5M	125.5M	132.0M	151.9M	159.4M
Short Long Term Debt Total	8.5M	8.1M	10.5M	17.6M	20.3M	21.3M
Other Current Liab	3.6M	8.6M	16.2M	12.2M	14.0M	14.7M
Total Current Liabilities	23.5M	40.8M	52.1M	50.1M	57.6M	60.5M
Total Stockholder Equity	58.2M	58.0M	69.3M	79.2M	91.1M	46.7M
Property Plant And Equipment Net	5.3M	4.0M	4.8M	3.6M	4.1M	4.3M
Net Debt	(50.8M)	(58.4M)	(78.1M)	(75.1M)	(67.6M)	(64.2M)
Retained Earnings	21.8M	20.7M	32.5M	42.7M	49.1M	51.6M
Accounts Payable	14.7M	26.6M	27.8M	21.0M	24.2M	25.4M
Cash	59.3M	66.5M	88.6M	92.7M	106.6M	112.0M
Non Current Assets Total	14.5M	11.8M	13.1M	11.8M	13.6M	14.3M
Non Currrent Assets Other	103.2K	126.2K	121.1K	106.1K	122.1K	104.0K
Cash And Short Term Investments	59.3M	66.5M	88.6M	92.7M	106.6M	112.0M
Net Receivables	7.7M	17.4M	14.3M	21.1M	24.3M	25.5M
Liabilities And Stockholders Equity	85.8M	102.5M	125.5M	132.0M	151.9M	159.4M
Non Current Liabilities Total	4.1M	3.7M	4.2M	2.7M	3.1M	3.4M
Inventory	3.6M	2.6M	5.8M	6.1M	7.0M	7.4M
Other Current Assets	599.7K	4.2M	3.8M	277.6K	319.2K	303.3K
Other Stockholder Equity	(2.6M)	(1.7M)	(6.2M)	36.7M	42.2M	44.3M
Total Liab	27.5M	44.5M	56.2M	52.8M	60.7M	63.8M
Property Plant And Equipment Gross	5.3M	8.1M	9.0M	7.4M	8.5M	8.9M
Total Current Assets	71.2M	90.7M	112.4M	120.2M	138.3M	145.2M
Accumulated Other Comprehensive Income	30.0M	30.9M	30.4M	(6.6M)	(7.6M)	(7.2M)
Short Term Debt	5.1M	5.3M	7.5M	16.3M	18.7M	19.6M
Current Deferred Revenue	163.9K	281.6K	507.9K	648.8K	746.1K	783.4K
Intangible Assets	5.9M	5.2M	4.3M	3.7M	4.2M	3.0M
Net Tangible Assets	61.2M	50.1M	50.5M	62.8M	72.3M	56.5M
Property Plant Equipment	1.6M	5.3M	4.0M	4.8M	5.5M	5.8M
Short Long Term Debt	3.3M	4.0M	5.9M	14.7M	16.9M	17.7M
Net Invested Capital	61.5M	62.1M	75.2M	93.9M	108.0M	75.2M
Net Working Capital	47.8M	49.9M	60.4M	70.1M	80.7M	62.8M
Good Will	2.2M	2.3M	2.2M	2.2M	2.5M	2.2M

Pair Trading with Currency Exchange

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

Moving against Currency Stock

0.47	CHEV	CHEVRON CDR	Pair Corr
0.44	AMZN	Amazon CDR	Pair Corr
0.42	WMT	Walmart Inc CDR	Pair Corr
0.42	BOFA	Bank of America	Pair Corr
0.38	JPM	JPMorgan Chase	Pair Corr

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

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

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

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Currency Net Debt vs Inventory Analysis

Net Debt vs Inventory

Net Debt vs Inventory Correlation Analysis

Correlation Coefficient

Net Debt

Inventory

Currency Exchange fundamental ratios Correlations

Currency Exchange Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Currency Exchange fundamental ratios Accounts

Pair Trading with Currency Exchange

Moving against Currency Stock

Other Information on Investing in Currency Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Current Assets	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Current Liabilities
Cash And Short Term Investments	+ 1.0	Cash
Total Current Assets	+ 1.0	Cash
Total Current Assets	+ 1.0	Cash And Short Term Investments
Common Stock	+ 1.0	Common Stock Total Equity

Net Debt	- 0.93	Total Stockholder Equity
Cash And Short Term Investments	- 0.92	Net Debt
Cash	- 0.92	Net Debt
Total Current Assets	- 0.9	Net Debt
Net Debt	- 0.9	Total Assets
Retained Earnings	- 0.87	Net Debt