Dorel Total Current Liabilities vs Net Debt Analysis

DII-B Stock

CAD 4.02 0.04 1.01%

Dorel Industries financial indicator trend analysis is much more than just examining Dorel Industries latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Dorel Industries is a good investment. Please check the relationship between Dorel Industries Total Current Liabilities and its Net Debt accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dorel Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Total Current Liabilities vs Net Debt

Total Current Liabilities vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Dorel Industries Total Current Liabilities account and Net Debt. At this time, the significance of the direction appears to have strong relationship.

The correlation between Dorel Industries' Total Current Liabilities and Net Debt is 0.76. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Net Debt in the same time period over historical financial statements of Dorel Industries, assuming nothing else is changed. The correlation between historical values of Dorel Industries' Total Current Liabilities 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 Total Current Liabilities of Dorel Industries 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 Total Current Liabilities i.e., Dorel Industries' Total Current Liabilities and Net Debt go up and down completely randomly.

Correlation Coefficient

0.76

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Total Current Liabilities

Total Current Liabilities is an item on Dorel Industries balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Dorel Industries are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

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 Dorel Industries' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Dorel Industries 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dorel Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

At this time, Dorel Industries' Selling General Administrative is comparatively stable compared to the past year. Discontinued Operations is likely to gain to about 307.8 M in 2024, despite the fact that Tax Provision is likely to grow to (13.8 M).

	2021	2022	2023	2024 (projected)
Discontinued Operations	80.2M	254.9M	293.1M	307.8M
Reconciled Depreciation	84.2M	71.2M	69.5M	81.6M

Discontinued Operations Reconciled Depreciation

Dorel Industries 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	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Other Assets	Current Deferred Revenue
Total Assets		0.63	0.05	0.61	0.88	0.56	0.68	0.85	0.8	-0.47	0.9	0.02	-0.42	0.94	0.67	0.68	0.86	0.04	0.33	0.83	-0.04	0.86	0.22	0.86	0.62	0.4
Short Long Term Debt Total	0.63		0.19	0.75	0.25	0.9	0.99	0.24	0.85	-0.4	0.33	0.32	-0.36	0.66	0.67	0.66	0.81	0.6	0.2	0.92	0.35	0.81	0.29	0.34	0.76	0.7
Other Current Liab	0.05	0.19		0.36	-0.15	-0.01	0.18	-0.13	0.03	0.15	-0.31	-0.09	0.15	-0.11	0.18	0.11	-0.05	0.19	0.06	0.33	0.27	0.45	-0.06	-0.26	-0.09	0.07
Total Current Liabilities	0.61	0.75	0.36		0.29	0.63	0.76	0.27	0.84	-0.3	0.29	0.21	-0.29	0.66	0.58	0.17	0.74	0.49	0.18	0.83	0.16	0.82	0.75	0.34	0.75	0.29
Total Stockholder Equity	0.88	0.25	-0.15	0.29		0.23	0.31	0.99	0.52	-0.28	0.94	-0.28	-0.22	0.82	0.34	0.5	0.64	-0.29	0.21	0.5	-0.4	0.56	0.1	0.96	0.37	0.16
Property Plant And Equipment Net	0.56	0.9	-0.01	0.63	0.23		0.94	0.17	0.82	-0.65	0.34	0.49	-0.64	0.64	0.78	0.61	0.81	0.71	0.39	0.81	0.5	0.67	0.27	0.28	0.8	0.63
Net Debt	0.68	0.99	0.18	0.76	0.31	0.94		0.28	0.88	-0.52	0.39	0.39	-0.49	0.71	0.77	0.68	0.86	0.61	0.3	0.94	0.41	0.83	0.29	0.37	0.79	0.68
Retained Earnings	0.85	0.24	-0.13	0.27	0.99	0.17	0.28		0.49	-0.18	0.92	-0.37	-0.11	0.79	0.24	0.48	0.61	-0.34	0.11	0.47	-0.5	0.54	0.09	0.97	0.34	0.14
Accounts Payable	0.8	0.85	0.03	0.84	0.52	0.82	0.88	0.49		-0.57	0.6	0.32	-0.53	0.87	0.73	0.5	0.97	0.38	0.34	0.9	0.15	0.82	0.52	0.6	0.93	0.38
Cash	-0.47	-0.4	0.15	-0.3	-0.28	-0.65	-0.52	-0.18	-0.57		-0.44	-0.69	0.99	-0.51	-0.86	-0.43	-0.59	-0.39	-0.67	-0.46	-0.58	-0.38	-0.08	-0.24	-0.57	-0.15
Non Current Assets Total	0.9	0.33	-0.31	0.29	0.94	0.34	0.39	0.92	0.6	-0.44		-0.05	-0.37	0.86	0.46	0.56	0.71	-0.2	0.26	0.52	-0.24	0.54	0.12	0.94	0.45	0.18
Non Currrent Assets Other	0.02	0.32	-0.09	0.21	-0.28	0.49	0.39	-0.37	0.32	-0.69	-0.05		-0.7	0.04	0.6	0.15	0.26	0.51	0.26	0.24	0.8	0.1	0.11	-0.26	0.32	0.14
Cash And Short Term Investments	-0.42	-0.36	0.15	-0.29	-0.22	-0.64	-0.49	-0.11	-0.53	0.99	-0.37	-0.7		-0.46	-0.86	-0.37	-0.55	-0.43	-0.7	-0.42	-0.61	-0.35	-0.1	-0.16	-0.56	-0.15
Net Receivables	0.94	0.66	-0.11	0.66	0.82	0.64	0.71	0.79	0.87	-0.51	0.86	0.04	-0.46		0.64	0.55	0.92	0.12	0.32	0.8	-0.11	0.79	0.39	0.85	0.77	0.35
Common Stock Shares Outstanding	0.67	0.67	0.18	0.58	0.34	0.78	0.77	0.24	0.73	-0.86	0.46	0.6	-0.86	0.64		0.6	0.74	0.47	0.64	0.76	0.66	0.73	0.15	0.28	0.65	0.42
Non Current Liabilities Total	0.68	0.66	0.11	0.17	0.5	0.61	0.68	0.48	0.5	-0.43	0.56	0.15	-0.37	0.55	0.6		0.59	0.14	0.31	0.68	0.29	0.64	-0.43	0.47	0.35	0.7
Inventory	0.86	0.81	-0.05	0.74	0.64	0.81	0.86	0.61	0.97	-0.59	0.71	0.26	-0.55	0.92	0.74	0.59		0.28	0.29	0.88	0.11	0.8	0.42	0.7	0.89	0.41
Other Current Assets	0.04	0.6	0.19	0.49	-0.29	0.71	0.61	-0.34	0.38	-0.39	-0.2	0.51	-0.43	0.12	0.47	0.14	0.28		0.27	0.44	0.6	0.31	0.33	-0.27	0.45	0.38
Other Stockholder Equity	0.33	0.2	0.06	0.18	0.21	0.39	0.3	0.11	0.34	-0.67	0.26	0.26	-0.7	0.32	0.64	0.31	0.29	0.27		0.31	0.4	0.33	-0.05	0.09	0.36	0.09
Total Liab	0.83	0.92	0.33	0.83	0.5	0.81	0.94	0.47	0.9	-0.46	0.52	0.24	-0.42	0.8	0.76	0.68	0.88	0.44	0.31		0.28	0.96	0.31	0.52	0.75	0.61
Property Plant And Equipment Gross	-0.04	0.35	0.27	0.16	-0.4	0.5	0.41	-0.5	0.15	-0.58	-0.24	0.8	-0.61	-0.11	0.66	0.29	0.11	0.6	0.4	0.28		0.2	-0.13	-0.47	0.13	0.36
Total Current Assets	0.86	0.81	0.45	0.82	0.56	0.67	0.83	0.54	0.82	-0.38	0.54	0.1	-0.35	0.79	0.73	0.64	0.8	0.31	0.33	0.96	0.2		0.28	0.53	0.66	0.55
Short Term Debt	0.22	0.29	-0.06	0.75	0.1	0.27	0.29	0.09	0.52	-0.08	0.12	0.11	-0.1	0.39	0.15	-0.43	0.42	0.33	-0.05	0.31	-0.13	0.28		0.2	0.54	-0.15
Intangible Assets	0.86	0.34	-0.26	0.34	0.96	0.28	0.37	0.97	0.6	-0.24	0.94	-0.26	-0.16	0.85	0.28	0.47	0.7	-0.27	0.09	0.52	-0.47	0.53	0.2		0.45	0.17
Other Assets	0.62	0.76	-0.09	0.75	0.37	0.8	0.79	0.34	0.93	-0.57	0.45	0.32	-0.56	0.77	0.65	0.35	0.89	0.45	0.36	0.75	0.13	0.66	0.54	0.45		0.27
Current Deferred Revenue	0.4	0.7	0.07	0.29	0.16	0.63	0.68	0.14	0.38	-0.15	0.18	0.14	-0.15	0.35	0.42	0.7	0.41	0.38	0.09	0.61	0.36	0.55	-0.15	0.17	0.27

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Dorel Industries Account Relationship Matchups

Dorel Industries fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.9B	1.7B	1.9B	1.1B	1.0B	1.5B
Short Long Term Debt Total	690.2M	613.4M	544.4M	431.6M	393.0M	377.2M
Other Current Liab	11.0M	16.9M	377.1M	72.2M	7.2M	6.9M
Total Current Liabilities	701.8M	893.7M	835.0M	375.1M	429.6M	436.4M
Total Stockholder Equity	534.2M	496.2M	469M	281.1M	224.7M	213.5M
Property Plant And Equipment Net	323.4M	298.7M	171.6M	229.8M	213.0M	158.6M
Net Debt	651.0M	575.1M	492.2M	399.2M	368.9M	336.8M
Retained Earnings	394.3M	350.9M	319.3M	58.6M	(3.7M)	(3.5M)
Accounts Payable	454.4M	401.0M	296.8M	251.1M	287.6M	272.3M
Cash	39.1M	38.2M	52.2M	32.4M	24.1M	25.7M
Non Current Assets Total	729.5M	629.5M	323.3M	378.6M	381.4M	724.9M
Non Currrent Assets Other	8.2M	5.4M	4.1M	8.0M	15.5M	14.4M
Cash And Short Term Investments	39.1M	38.2M	52.2M	32.4M	24.1M	26.1M
Net Receivables	407.2M	463.2M	265.1M	197.7M	203.6M	290.0M
Common Stock Shares Outstanding	32.4M	32.5M	33.0M	33.4M	32.5M	34.0M
Liabilities And Stockholders Equity	1.9B	1.7B	1.9B	1.1B	1.0B	1.5B
Non Current Liabilities Total	624.1M	329.3M	547.1M	404.2M	346.6M	362.0M
Inventory	633.6M	534.5M	364.7M	421.5M	363.1M	366.8M
Other Current Assets	43.9M	46.4M	27.9M	27.6M	28.7M	22.3M
Other Stockholder Equity	50.1M	57.8M	60.0M	64.2M	63.8M	87.4M
Total Liab	1.3B	1.2B	1.4B	779.3M	776.2M	798.3M
Property Plant And Equipment Gross	323.4M	298.7M	454.6M	516.8M	529.6M	556.1M
Total Current Assets	1.1B	1.1B	1.5B	681.8M	619.6M	746.2M
Accumulated Other Comprehensive Income	(114.2M)	(117.2M)	(115.1M)	(47.3M)	(41.3M)	(39.2M)
Short Term Debt	124.5M	347.1M	37.8M	51.8M	64.7M	92.0M
Intangible Assets	253.0M	239.7M	81.6M	67.1M	62.9M	59.7M
Other Assets	112.1M	86.4M	47.7M	53.2M	61.2M	57.3M
Current Deferred Revenue	111.9M	128.7M	123.3M	70.0M	80.5M	44.5M
Good Will	84.5M	41.0M	45.5M	45.2M	45.4M	43.1M
Common Stock	203.9M	204.7M	204.7M	205.6M	206.0M	220.5M
Common Stock Total Equity	203.3M	203.3M	203.9M	204.7M	235.4M	221.1M
Other Liab	58.5M	63.0M	40.5M	24.5M	22.0M	20.9M
Net Tangible Assets	255.3M	266.0M	365.1M	185.5M	213.4M	278.0M
Long Term Debt	417.9M	125.8M	433.8M	250.1M	215.3M	240.2M
Deferred Long Term Liab	43.4M	36.3M	23.2M	16.7M	15.0M	26.1M
Short Long Term Debt	83.9M	307.5M	8.3M	18.5M	27.6M	26.3M
Property Plant Equipment	337.9M	312.9M	171.6M	229.8M	264.2M	252.3M
Non Current Liabilities Other	17.1M	12.7M	8.2M	3.6M	2.2M	2.1M
Net Invested Capital	1.0B	929.5M	911.1M	549.8M	467.7M	749.7M

Additional Tools for Dorel Stock Analysis

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Dorel Total Current Liabilities vs Net Debt Analysis

Total Current Liabilities vs Net Debt

Total Current Liabilities vs Net Debt Correlation Analysis

Correlation Coefficient

Total Current Liabilities

Net Debt

Dorel Industries fundamental ratios Correlations

Dorel Industries Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Dorel Industries fundamental ratios Accounts

Additional Tools for Dorel Stock Analysis

COMMON DESTINATIONS

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COMPANY

Net Debt	+ 0.99	Short Long Term Debt Total
Retained Earnings	+ 0.99	Total Stockholder Equity
Cash And Short Term Investments	+ 0.99	Cash
Intangible Assets	+ 0.97	Retained Earnings
Inventory	+ 0.97	Accounts Payable
Intangible Assets	+ 0.96	Total Stockholder Equity

Common Stock Shares Outstanding	- 0.86	Cash And Short Term Investments
Common Stock Shares Outstanding	- 0.86	Cash
Other Stockholder Equity	- 0.7	Cash And Short Term Investments
Cash And Short Term Investments	- 0.7	Non Currrent Assets Other
Non Currrent Assets Other	- 0.69	Cash
Other Stockholder Equity	- 0.67	Cash