Extendicare Capex To Depreciation vs Free Cash Flow Yield Analysis

EXE Stock

CAD 10.33 0.03 0.29%

Extendicare financial indicator trend analysis is much more than just examining Extendicare latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Extendicare is a good investment. Please check the relationship between Extendicare Capex To Depreciation and its Free Cash Flow Yield accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Extendicare. 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.

Capex To Depreciation vs Free Cash Flow Yield

Capex To Depreciation vs Free Cash Flow Yield Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Extendicare Capex To Depreciation account and Free Cash Flow Yield. At this time, the significance of the direction appears to have pay attention.

The correlation between Extendicare's Capex To Depreciation and Free Cash Flow Yield is -0.84. Overlapping area represents the amount of variation of Capex To Depreciation that can explain the historical movement of Free Cash Flow Yield in the same time period over historical financial statements of Extendicare, assuming nothing else is changed. The correlation between historical values of Extendicare's Capex To Depreciation and Free Cash Flow Yield is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capex To Depreciation of Extendicare are associated (or correlated) with its Free Cash Flow Yield. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow Yield has no effect on the direction of Capex To Depreciation i.e., Extendicare's Capex To Depreciation and Free Cash Flow Yield go up and down completely randomly.

Correlation Coefficient

-0.84

Relationship Direction	Negative
Relationship Strength	Significant

View All Relationships

Capex To Depreciation

The ratio of a company's capital expenditures to its depreciation expenses, indicating how much the company is investing in physical assets relative to the aging of existing assets.

Free Cash Flow Yield

A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.

Most indicators from Extendicare's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Extendicare 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 Extendicare. 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, Extendicare's Discontinued Operations is very stable compared to the past year. As of the 27th of November 2024, Enterprise Value is likely to grow to about 1.6 B, while Selling General Administrative is likely to drop about 53 M.

	2021	2022	2023	2024 (projected)
Gross Profit	151.7M	76.8M	118.4M	112.5M
Total Revenue	1.2B	1.2B	1.3B	1.3B

Gross Profit Total Revenue

Extendicare fundamental ratios Correlations

	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	Accounts Payable	Non Current Assets Total	Non Currrent Assets Other	Net Receivables	Good Will	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Retained Earnings	Cash	Cash And Short Term Investments	Inventory
Total Assets		0.81	0.54	0.58	0.29	0.77	0.56	0.83	-0.34	0.82	0.26	0.75	0.55	-0.14	0.85	0.63	0.62	0.95	0.67	0.57	0.33	-0.82	0.3	-0.53	-0.52	0.39
Short Long Term Debt Total	0.81		0.09	0.11	0.19	0.95	0.4	0.96	-0.49	0.94	0.2	0.87	0.56	-0.1	0.98	0.69	0.56	0.79	0.9	0.07	0.66	-0.66	0.25	-0.3	-0.29	-0.14
Other Current Liab	0.54	0.09		0.98	-0.33	0.01	0.56	0.17	-0.36	-0.01	-0.08	-0.07	-0.27	0.22	0.17	-0.11	-0.03	0.67	-0.11	0.97	-0.01	-0.55	-0.38	-0.54	-0.54	0.96
Total Current Liabilities	0.58	0.11	0.98		-0.24	0.03	0.55	0.18	-0.26	0.02	-0.11	0.0	-0.17	0.09	0.17	-0.05	0.08	0.68	-0.06	0.99	-0.01	-0.55	-0.3	-0.52	-0.52	0.96
Total Stockholder Equity	0.29	0.19	-0.33	-0.24		0.33	-0.19	0.21	0.61	0.47	0.41	0.52	0.91	-0.56	0.16	0.57	0.71	-0.01	0.32	-0.18	-0.26	-0.13	0.98	-0.01	-0.01	-0.26
Property Plant And Equipment Net	0.77	0.95	0.01	0.03	0.33		0.32	0.98	-0.33	0.95	0.29	0.89	0.65	-0.21	0.92	0.76	0.66	0.71	0.92	0.0	0.64	-0.72	0.43	-0.26	-0.26	-0.2
Current Deferred Revenue	0.56	0.4	0.56	0.55	-0.19	0.32		0.41	-0.42	0.3	0.01	0.13	-0.01	0.34	0.45	0.46	-0.04	0.64	0.24	0.55	0.27	-0.54	-0.23	-0.29	-0.28	0.47
Net Debt	0.83	0.96	0.17	0.18	0.21	0.98	0.41		-0.47	0.93	0.28	0.85	0.55	-0.13	0.95	0.7	0.62	0.8	0.87	0.13	0.69	-0.77	0.3	-0.4	-0.4	-0.06
Accounts Payable	-0.34	-0.49	-0.36	-0.26	0.61	-0.33	-0.42	-0.47		-0.29	-0.12	-0.08	0.35	-0.55	-0.54	-0.01	0.23	-0.55	-0.16	-0.19	-0.64	0.4	0.54	0.36	0.36	-0.16
Non Current Assets Total	0.82	0.94	-0.01	0.02	0.47	0.95	0.3	0.93	-0.29		0.39	0.93	0.77	-0.24	0.94	0.8	0.72	0.71	0.89	0.01	0.49	-0.63	0.53	-0.32	-0.32	-0.2
Non Currrent Assets Other	0.26	0.2	-0.08	-0.11	0.41	0.29	0.01	0.28	-0.12	0.39		0.2	0.37	-0.04	0.27	0.51	0.42	0.14	0.08	-0.1	0.1	-0.3	0.49	-0.2	-0.2	-0.13
Net Receivables	0.75	0.87	-0.07	0.0	0.52	0.89	0.13	0.85	-0.08	0.93	0.2		0.81	-0.49	0.84	0.7	0.8	0.62	0.93	-0.02	0.38	-0.45	0.56	-0.31	-0.3	-0.23
Good Will	0.55	0.56	-0.27	-0.17	0.91	0.65	-0.01	0.55	0.35	0.77	0.37	0.81		-0.58	0.52	0.74	0.84	0.29	0.66	-0.14	0.04	-0.31	0.91	-0.12	-0.11	-0.3
Common Stock Shares Outstanding	-0.14	-0.1	0.22	0.09	-0.56	-0.21	0.34	-0.13	-0.55	-0.24	-0.04	-0.49	-0.58		-0.02	-0.27	-0.72	0.03	-0.31	0.1	0.03	-0.06	-0.58	-0.05	-0.05	0.19
Non Current Liabilities Total	0.85	0.98	0.17	0.17	0.16	0.92	0.45	0.95	-0.54	0.94	0.27	0.84	0.52	-0.02		0.69	0.52	0.84	0.85	0.14	0.58	-0.68	0.23	-0.35	-0.35	-0.06
Other Current Assets	0.63	0.69	-0.11	-0.05	0.57	0.76	0.46	0.7	-0.01	0.8	0.51	0.7	0.74	-0.27	0.69		0.64	0.48	0.69	-0.04	0.33	-0.54	0.61	-0.04	-0.04	-0.22
Other Stockholder Equity	0.62	0.56	-0.03	0.08	0.71	0.66	-0.04	0.62	0.23	0.72	0.42	0.8	0.84	-0.72	0.52	0.64		0.43	0.65	0.06	0.23	-0.43	0.75	-0.26	-0.26	-0.09
Total Liab	0.95	0.79	0.67	0.68	-0.01	0.71	0.64	0.8	-0.55	0.71	0.14	0.62	0.29	0.03	0.84	0.48	0.43		0.6	0.65	0.42	-0.81	0.0	-0.55	-0.54	0.49
Property Plant And Equipment Gross	0.67	0.9	-0.11	-0.06	0.32	0.92	0.24	0.87	-0.16	0.89	0.08	0.93	0.66	-0.31	0.85	0.69	0.65	0.6		-0.09	0.51	-0.47	0.39	-0.2	-0.2	-0.3
Total Current Assets	0.57	0.07	0.97	0.99	-0.18	0.0	0.55	0.13	-0.19	0.01	-0.1	-0.02	-0.14	0.1	0.14	-0.04	0.06	0.65	-0.09		-0.12	-0.53	-0.25	-0.47	-0.46	0.97
Short Term Debt	0.33	0.66	-0.01	-0.01	-0.26	0.64	0.27	0.69	-0.64	0.49	0.1	0.38	0.04	0.03	0.58	0.33	0.23	0.42	0.51	-0.12		-0.49	-0.15	-0.14	-0.15	-0.21
Intangible Assets	-0.82	-0.66	-0.55	-0.55	-0.13	-0.72	-0.54	-0.77	0.4	-0.63	-0.3	-0.45	-0.31	-0.06	-0.68	-0.54	-0.43	-0.81	-0.47	-0.53	-0.49		-0.19	0.35	0.35	-0.41
Retained Earnings	0.3	0.25	-0.38	-0.3	0.98	0.43	-0.23	0.3	0.54	0.53	0.49	0.56	0.91	-0.58	0.23	0.61	0.75	0.0	0.39	-0.25	-0.15	-0.19		0.0	0.0	-0.34
Cash	-0.53	-0.3	-0.54	-0.52	-0.01	-0.26	-0.29	-0.4	0.36	-0.32	-0.2	-0.31	-0.12	-0.05	-0.35	-0.04	-0.26	-0.55	-0.2	-0.47	-0.14	0.35	0.0		1.0	-0.48
Cash And Short Term Investments	-0.52	-0.29	-0.54	-0.52	-0.01	-0.26	-0.28	-0.4	0.36	-0.32	-0.2	-0.3	-0.11	-0.05	-0.35	-0.04	-0.26	-0.54	-0.2	-0.46	-0.15	0.35	0.0	1.0		-0.47
Inventory	0.39	-0.14	0.96	0.96	-0.26	-0.2	0.47	-0.06	-0.16	-0.2	-0.13	-0.23	-0.3	0.19	-0.06	-0.22	-0.09	0.49	-0.3	0.97	-0.21	-0.41	-0.34	-0.48	-0.47

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Extendicare Account Relationship Matchups

Extendicare fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	888.8M	963.1M	900.3M	781.6M	672.7M	1.2B
Short Long Term Debt Total	556.3M	564.6M	536.9M	384.0M	334.5M	636.1M
Other Current Liab	9.1M	23.4M	16.1M	7.9M	6.2M	5.9M
Total Current Liabilities	275.9M	279.5M	281.9M	275.0M	226.4M	294.6M
Total Stockholder Equity	115.4M	128.2M	101.9M	100.7M	87.9M	143.7M
Property Plant And Equipment Net	530.5M	525.9M	535.6M	388.7M	295.9M	281.1M
Net Debt	459.4M	384.6M	432.2M	216.7M	259.3M	246.4M
Accounts Payable	131.4M	168.0M	189.1M	242.2M	197.1M	140.6M
Non Current Assets Total	704.9M	667.0M	675.4M	523.5M	485.6M	875.3M
Non Currrent Assets Other	71.8M	37.1M	32.9M	30.5M	35.0M	33.2M
Net Receivables	66.3M	73.4M	83.5M	64.1M	91.0M	127.7M
Common Stock Shares Outstanding	89.1M	89.8M	100.9M	89.0M	85.0M	93.4M
Liabilities And Stockholders Equity	888.8M	963.1M	900.3M	781.6M	672.7M	1.2B
Non Current Liabilities Total	497.5M	555.4M	516.5M	405.9M	358.4M	713.7M
Other Current Assets	20.7M	40.2M	26.5M	24.0M	20.2M	19.2M
Other Stockholder Equity	3.7M	4.9M	8.2M	10.6M	13.1M	12.4M
Total Liab	773.4M	834.9M	798.4M	680.9M	584.8M	1.0B
Property Plant And Equipment Gross	530.5M	525.9M	820.0M	676.6M	608.8M	647.3M
Total Current Assets	183.9M	296.1M	224.9M	258.0M	187.1M	276.8M
Short Term Debt	133.8M	71.4M	73.6M	19.2M	19.9M	18.9M
Intangible Assets	38.2M	36.5M	46.6M	51.2M	78.5M	82.4M
Retained Earnings	(382.2M)	(371.0M)	(402.5M)	(384.6M)	(393.5M)	(413.1M)
Cash	96.9M	180.0M	104.6M	167.3M	75.2M	103.5M
Cash And Short Term Investments	94.5M	180.0M	104.6M	167.3M	75.9M	103.6M
Accumulated Other Comprehensive Income	(11.3M)	(13.4M)	(11.8M)	(7.8M)	957K	1.0M
Common Stock Total Equity	490.9M	492.1M	498.1M	500.6M	575.7M	535.5M
Common Stock	498.1M	500.6M	500.9M	475.4M	467.3M	534.0M
Other Liab	74.3M	59.6M	52.5M	41.2M	37.0M	35.2M
Net Tangible Assets	25.5M	40.0M	9.4M	3.6M	4.2M	4.0M
Other Assets	84.5M	53.0M	47.3M	37.8M	1.0	0.95
Long Term Debt	422.5M	493.2M	463.3M	364.7M	314.6M	373.8M
Short Long Term Debt	133.8M	71.4M	73.6M	19.2M	19.9M	18.9M
Property Plant Equipment	530.5M	525.9M	535.6M	388.7M	349.8M	428.0M
Long Term Debt Total	422.5M	493.2M	463.3M	364.7M	328.3M	355.2M
Capital Surpluse	3.7M	4.9M	8.2M	10.6M	12.2M	12.8M

Pair Trading with Extendicare

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

Moving together with Extendicare Stock

0.72	TRP	TC Energy Corp	Pair Corr
0.84	MFC	Manulife Financial Corp	Pair Corr

Moving against Extendicare Stock

0.46

AQN

Algonquin Power Utilities

Pair Corr

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

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

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

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Extendicare Capex To Depreciation vs Free Cash Flow Yield Analysis

Capex To Depreciation vs Free Cash Flow Yield

Capex To Depreciation vs Free Cash Flow Yield Correlation Analysis

Correlation Coefficient

Capex To Depreciation

Free Cash Flow Yield

Extendicare fundamental ratios Correlations

Extendicare Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Extendicare fundamental ratios Accounts

Pair Trading with Extendicare

Moving together with Extendicare Stock

Moving against Extendicare Stock

Other Information on Investing in Extendicare Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Total Current Assets	+ 0.99	Total Current Liabilities
Non Current Liabilities Total	+ 0.98	Short Long Term Debt Total
Total Current Liabilities	+ 0.98	Other Current Liab
Retained Earnings	+ 0.98	Total Stockholder Equity
Net Debt	+ 0.98	Property Plant And Equipment Net

Intangible Assets	- 0.82	Total Assets
Intangible Assets	- 0.81	Total Liab
Intangible Assets	- 0.77	Net Debt
Other Stockholder Equity	- 0.72	Common Stock Shares Outstanding
Intangible Assets	- 0.72	Property Plant And Equipment Net
Intangible Assets	- 0.68	Non Current Liabilities Total