Freehold Long Term Debt vs Net Debt Analysis

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

Long Term Debt vs Net Debt

Long Term Debt vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Freehold Royalties Long Term Debt account and Net Debt. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Freehold Royalties' Long Term Debt and Net Debt is 0.96. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Net Debt in the same time period over historical financial statements of Freehold Royalties, assuming nothing else is changed. The correlation between historical values of Freehold Royalties' Long Term Debt 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 Long Term Debt of Freehold Royalties 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 Long Term Debt i.e., Freehold Royalties' Long Term Debt and Net Debt go up and down completely randomly.

Correlation Coefficient

0.96

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Long Term Debt

Long-term debt is a debt that Freehold Royalties has held for over one year. Long-term debt appears on Freehold Royalties balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Freehold Royalties balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

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 Freehold Royalties' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Freehold Royalties 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 Freehold Royalties. 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, Freehold Royalties' Tax Provision is very stable compared to the past year. As of the 25th of November 2024, Enterprise Value Over EBITDA is likely to grow to 12.94, while Selling General Administrative is likely to drop about 11.3 M.

	2021	2022	2023	2024 (projected)
Gross Profit	118.2M	281.7M	209.5M	219.9M
Total Revenue	206.2M	393.0M	314.6M	330.3M

Gross Profit Total Revenue

Freehold Royalties 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	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Non Currrent Assets Other	Short Term Debt	Common Stock Total Equity	Common Stock	Other Liab	Net Tangible Assets	Long Term Debt
Total Assets		0.82	0.22	0.13	0.98	1.0	0.82	-0.81	-0.34	0.19	1.0	0.19	0.62	0.95	0.61	-0.58	0.58	0.66	0.57	0.44	-0.06	0.9	0.92	-0.64	0.93	0.74
Short Long Term Debt Total	0.82		0.12	0.1	0.74	0.82	1.0	-0.68	-0.1	0.27	0.82	0.27	0.63	0.72	0.87	-0.52	0.8	0.62	0.51	0.3	0.16	0.68	0.72	-0.44	0.71	0.96
Other Current Liab	0.22	0.12		0.97	0.15	0.16	0.13	-0.33	-0.17	-0.04	0.16	-0.04	0.29	0.35	0.15	-0.22	0.43	0.2	0.81	-0.46	-0.34	0.18	0.22	-0.09	0.11	0.12
Total Current Liabilities	0.13	0.1	0.97		0.03	0.07	0.1	-0.21	0.09	-0.05	0.07	-0.05	0.29	0.24	0.23	-0.2	0.51	0.11	0.75	-0.5	-0.16	0.05	0.08	0.03	0.0	0.08
Total Stockholder Equity	0.98	0.74	0.15	0.03		0.98	0.74	-0.81	-0.44	0.19	0.99	0.19	0.53	0.93	0.47	-0.55	0.43	0.63	0.5	0.52	-0.11	0.93	0.93	-0.71	0.95	0.66
Property Plant And Equipment Net	1.0	0.82	0.16	0.07	0.98		0.83	-0.79	-0.33	0.2	1.0	0.2	0.62	0.93	0.61	-0.58	0.57	0.66	0.51	0.47	-0.03	0.9	0.91	-0.64	0.93	0.75
Net Debt	0.82	1.0	0.13	0.1	0.74	0.83		-0.68	-0.1	0.25	0.82	0.25	0.64	0.72	0.87	-0.52	0.8	0.62	0.51	0.29	0.16	0.68	0.72	-0.44	0.71	0.96
Retained Earnings	-0.81	-0.68	-0.33	-0.21	-0.81	-0.79	-0.68		0.5	-0.06	-0.79	-0.06	-0.43	-0.87	-0.38	0.63	-0.4	-0.73	-0.64	-0.28	0.42	-0.93	-0.95	0.84	-0.86	-0.65
Accounts Payable	-0.34	-0.1	-0.17	0.09	-0.44	-0.33	-0.1	0.5		-0.07	-0.33	-0.07	0.03	-0.4	0.32	0.06	0.31	-0.31	-0.28	-0.18	0.67	-0.53	-0.54	0.52	-0.46	-0.14
Cash	0.19	0.27	-0.04	-0.05	0.19	0.2	0.25	-0.06	-0.07		0.19	1.0	-0.05	0.14	0.1	-0.11	0.07	-0.33	0.08	0.31	0.17	0.07	0.07	-0.27	-0.07	0.15
Non Current Assets Total	1.0	0.82	0.16	0.07	0.99	1.0	0.82	-0.79	-0.33	0.19		0.19	0.6	0.93	0.6	-0.58	0.55	0.65	0.51	0.49	-0.03	0.9	0.91	-0.64	0.93	0.74
Cash And Short Term Investments	0.19	0.27	-0.04	-0.05	0.19	0.2	0.25	-0.06	-0.07	1.0	0.19		-0.05	0.14	0.1	-0.11	0.07	-0.33	0.08	0.31	0.17	0.07	0.07	-0.27	-0.07	0.15
Net Receivables	0.62	0.63	0.29	0.29	0.53	0.62	0.64	-0.43	0.03	-0.05	0.6	-0.05		0.65	0.75	-0.28	0.75	0.71	0.59	-0.24	-0.14	0.37	0.48	0.0	0.53	0.59
Common Stock Shares Outstanding	0.95	0.72	0.35	0.24	0.93	0.93	0.72	-0.87	-0.4	0.14	0.93	0.14	0.65		0.53	-0.58	0.55	0.66	0.67	0.3	-0.29	0.9	0.91	-0.66	0.88	0.61
Non Current Liabilities Total	0.61	0.87	0.15	0.23	0.47	0.61	0.87	-0.38	0.32	0.1	0.6	0.1	0.75	0.53		-0.42	0.96	0.51	0.43	0.03	0.33	0.35	0.4	-0.04	0.45	0.8
Other Stockholder Equity	-0.58	-0.52	-0.22	-0.2	-0.55	-0.58	-0.52	0.63	0.06	-0.11	-0.58	-0.11	-0.28	-0.58	-0.42		-0.43	-0.38	-0.31	-0.25	-0.1	-0.57	-0.56	0.48	-0.53	-0.51
Total Liab	0.58	0.8	0.43	0.51	0.43	0.57	0.8	-0.4	0.31	0.07	0.55	0.07	0.75	0.55	0.96	-0.43		0.48	0.61	-0.13	0.24	0.33	0.38	-0.03	0.4	0.74
Property Plant And Equipment Gross	0.66	0.62	0.2	0.11	0.63	0.66	0.62	-0.73	-0.31	-0.33	0.65	-0.33	0.71	0.66	0.51	-0.38	0.48		0.5	-0.08	-0.39	0.66	0.76	-0.38	0.8	0.71
Total Current Assets	0.57	0.51	0.81	0.75	0.5	0.51	0.51	-0.64	-0.28	0.08	0.51	0.08	0.59	0.67	0.43	-0.31	0.61	0.5		-0.27	-0.33	0.51	0.57	-0.34	0.47	0.45
Non Currrent Assets Other	0.44	0.3	-0.46	-0.5	0.52	0.47	0.29	-0.28	-0.18	0.31	0.49	0.31	-0.24	0.3	0.03	-0.25	-0.13	-0.08	-0.27		0.33	0.51	0.41	-0.6	0.43	0.19
Short Term Debt	-0.06	0.16	-0.34	-0.16	-0.11	-0.03	0.16	0.42	0.67	0.17	-0.03	0.17	-0.14	-0.29	0.33	-0.1	0.24	-0.39	-0.33	0.33		-0.26	-0.32	0.28	-0.21	0.11
Common Stock Total Equity	0.9	0.68	0.18	0.05	0.93	0.9	0.68	-0.93	-0.53	0.07	0.9	0.07	0.37	0.9	0.35	-0.57	0.33	0.66	0.51	0.51	-0.26		0.98	-0.86	0.95	0.63
Common Stock	0.92	0.72	0.22	0.08	0.93	0.91	0.72	-0.95	-0.54	0.07	0.91	0.07	0.48	0.91	0.4	-0.56	0.38	0.76	0.57	0.41	-0.32	0.98		-0.82	0.96	0.69
Other Liab	-0.64	-0.44	-0.09	0.03	-0.71	-0.64	-0.44	0.84	0.52	-0.27	-0.64	-0.27	0.0	-0.66	-0.04	0.48	-0.03	-0.38	-0.34	-0.6	0.28	-0.86	-0.82		-0.7	-0.4
Net Tangible Assets	0.93	0.71	0.11	0.0	0.95	0.93	0.71	-0.86	-0.46	-0.07	0.93	-0.07	0.53	0.88	0.45	-0.53	0.4	0.8	0.47	0.43	-0.21	0.95	0.96	-0.7		0.69
Long Term Debt	0.74	0.96	0.12	0.08	0.66	0.75	0.96	-0.65	-0.14	0.15	0.74	0.15	0.59	0.61	0.8	-0.51	0.74	0.71	0.45	0.19	0.11	0.63	0.69	-0.4	0.69

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Freehold Royalties Account Relationship Matchups

Freehold Royalties fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	839.9M	829.9M	1.1B	1.2B	1.1B	617.8M
Short Long Term Debt Total	110.9M	94.9M	147.8M	158.3M	124.6M	87.3M
Other Current Liab	7.8M	60.7M	13.1M	47.2M	21.0M	14.0M
Total Current Liabilities	11.7M	67.9M	18.4M	51.4M	26.1M	22.9M
Total Stockholder Equity	707.5M	659.4M	891.0M	960.3M	923.8M	480.3M
Property Plant And Equipment Net	800.7M	718.5M	1.0B	1.1B	1.0B	580.1M
Net Debt	109.7M	93.9M	145.6M	157.8M	126.2M	86.8M
Retained Earnings	(567.4M)	(616.7M)	(613.2M)	(550.2M)	(581.0M)	(551.9M)
Accounts Payable	3.9M	3.9M	5.2M	4.0M	4.9M	8.4M
Cash	1.2M	1.0M	2.2M	524K	(1.6M)	(1.5M)
Non Current Assets Total	813.8M	734.8M	1.0B	1.1B	1.1B	587.0M
Cash And Short Term Investments	1.2M	1.0M	2.2M	524K	(1.6M)	(1.5M)
Net Receivables	24.9M	16.0M	46.3M	57.7M	43.3M	24.6M
Common Stock Shares Outstanding	118.7M	118.7M	136.9M	150.8M	151.2M	75.9M
Liabilities And Stockholders Equity	839.9M	829.9M	1.1B	1.2B	1.1B	617.8M
Non Current Liabilities Total	120.7M	102.6M	161.1M	200.2M	168.6M	114.6M
Other Stockholder Equity	3.2M	3.8M	4.5M	10.2M	9.2M	8.7M
Total Liab	132.4M	170.5M	179.5M	251.7M	194.7M	137.5M
Property Plant And Equipment Gross	800.7M	718.5M	2.0B	2.2B	2.2B	2.3B
Total Current Assets	26.1M	95.1M	63.2M	80.1M	55.4M	30.7M
Accumulated Other Comprehensive Income	(17K)	(40K)	126K	10.2M	4.1M	4.3M
Non Currrent Assets Other	916.2M	874.1M	813.8M	29.3M	33.7M	32.0M
Short Term Debt	90M	0.0	49K	195K	236K	224.2K
Common Stock Total Equity	1.3B	1.3B	1.3B	1.3B	1.5B	1.1B
Common Stock	1.3B	1.3B	1.5B	1.5B	1.5B	1.2B
Other Liab	9.8M	7.9M	13.5M	42.2M	37.9M	22.5M
Net Tangible Assets	707.5M	659.4M	891.0M	960.3M	1.1B	788.3M
Long Term Debt	109M	93M	146M	156.6M	123.0M	123.2M
Property Plant Equipment	800.7M	718.5M	1.0B	1.1B	1.3B	911.6M
Long Term Debt Total	110.9M	94.7M	147.6M	158.1M	181.8M	127.5M
Capital Surpluse	2.1M	2.6M	3.2M	3.8M	4.5M	0.0
Net Invested Capital	816.5M	752.4M	1.0B	1.1B	1.0B	1.0B
Net Working Capital	14.4M	27.2M	44.8M	28.7M	29.3M	26.1M
Capital Stock	1.3B	1.3B	1.5B	1.5B	1.5B	1.5B

Pair Trading with Freehold Royalties

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

Moving together with Freehold Stock

0.63	ENB-PFV	Enbridge Pref 5	Pair Corr
0.69	ENB-PFU	Enbridge Pref L	Pair Corr

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

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

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

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Freehold Long Term Debt vs Net Debt Analysis

Long Term Debt vs Net Debt

Long Term Debt vs Net Debt Correlation Analysis

Correlation Coefficient

Long Term Debt

Net Debt

Freehold Royalties fundamental ratios Correlations

Freehold Royalties Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Freehold Royalties fundamental ratios Accounts

Pair Trading with Freehold Royalties

Moving together with Freehold Stock

Other Information on Investing in Freehold Stock

COMMON DESTINATIONS

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Property Plant And Equipment Net	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Non Current Assets Total	+ 0.99	Total Stockholder Equity

Common Stock	- 0.95	Retained Earnings
Common Stock Total Equity	- 0.93	Retained Earnings
Common Stock Shares Outstanding	- 0.87	Retained Earnings
Other Liab	- 0.86	Common Stock Total Equity
Net Tangible Assets	- 0.86	Retained Earnings
Other Liab	- 0.82	Common Stock