Canlan Ev To Sales vs Free Cash Flow Yield Analysis

ICE Stock

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Canlan Ice financial indicator trend analysis is way more than just evaluating Canlan Ice Sports prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Canlan Ice Sports is a good investment. Please check the relationship between Canlan Ice Ev To Sales and its Free Cash Flow Yield accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Canlan Ice Sports. 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.

Ev To Sales vs Free Cash Flow Yield

Ev To Sales vs Free Cash Flow Yield Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Canlan Ice Sports Ev To Sales account and Free Cash Flow Yield. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Canlan Ice's Ev To Sales and Free Cash Flow Yield is -0.61. Overlapping area represents the amount of variation of Ev To Sales that can explain the historical movement of Free Cash Flow Yield in the same time period over historical financial statements of Canlan Ice Sports, assuming nothing else is changed. The correlation between historical values of Canlan Ice's Ev To Sales 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 Ev To Sales of Canlan Ice Sports 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 Ev To Sales i.e., Canlan Ice's Ev To Sales and Free Cash Flow Yield go up and down completely randomly.

Correlation Coefficient

-0.61

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

Ev To Sales

The Enterprise Value to Sales ratio, a valuation metric used to compare the value of a company, including debt and excluding cash, to its sales revenue.

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 Canlan Ice's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Canlan Ice Sports 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Canlan Ice Sports. 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, Canlan Ice's Selling General Administrative is very stable compared to the past year. As of the 22nd of November 2024, Enterprise Value Over EBITDA is likely to grow to 12.33, though Tax Provision is likely to grow to (1.1 M).

	2021	2022	2023	2024 (projected)
Gross Profit	39.3M	70.1M	11.9M	11.3M
Total Revenue	40.4M	73.7M	86.2M	68.6M

Gross Profit Total Revenue

Canlan Ice 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	Short Term Investments	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	Current Deferred Revenue
Total Assets		0.97	-0.5	0.21	0.87	0.98	0.9	0.89	0.91	-0.3	0.98	0.36	-0.28	0.95	-0.83	0.23	0.96	-0.17	0.23	-0.15	0.99	0.37	0.23	-0.41	0.26	-0.55
Short Long Term Debt Total	0.97		-0.58	0.04	0.81	0.97	0.98	0.85	0.91	-0.48	0.98	0.3	-0.46	0.93	-0.87	0.24	0.99	-0.22	0.28	-0.18	0.98	0.34	0.11	-0.44	0.17	-0.68
Other Current Liab	-0.5	-0.58		0.32	-0.61	-0.65	-0.68	-0.76	-0.75	0.76	-0.62	0.18	0.75	-0.67	0.83	0.01	-0.54	-0.13	0.25	-0.51	-0.47	-0.02	0.56	0.25	-0.05	0.69
Total Current Liabilities	0.21	0.04	0.32		0.19	0.11	-0.08	0.08	0.08	0.5	0.13	0.25	0.51	0.13	0.06	0.25	-0.01	-0.04	-0.07	-0.36	0.18	0.33	0.47	0.48	0.15	0.47
Total Stockholder Equity	0.87	0.81	-0.61	0.19		0.88	0.78	0.96	0.94	-0.3	0.87	0.36	-0.27	0.93	-0.9	0.2	0.8	0.01	0.01	0.07	0.83	0.25	0.18	-0.43	0.03	-0.49
Property Plant And Equipment Net	0.98	0.97	-0.65	0.11	0.88		0.95	0.92	0.96	-0.46	1.0	0.23	-0.44	0.97	-0.91	0.18	0.96	-0.14	0.1	-0.06	0.96	0.36	0.02	-0.4	0.23	-0.64
Net Debt	0.9	0.98	-0.68	-0.08	0.78	0.95		0.84	0.9	-0.65	0.95	0.25	-0.63	0.91	-0.91	0.18	0.96	-0.22	0.27	-0.11	0.93	0.29	-0.07	-0.41	0.11	-0.78
Retained Earnings	0.89	0.85	-0.76	0.08	0.96	0.92	0.84		0.97	-0.44	0.92	0.23	-0.42	0.96	-0.93	0.14	0.84	-0.02	-0.02	0.22	0.84	0.26	-0.01	-0.4	0.16	-0.63
Accounts Payable	0.91	0.91	-0.75	0.08	0.94	0.96	0.9	0.97		-0.49	0.95	0.18	-0.46	0.99	-0.97	0.22	0.89	-0.12	-0.01	0.05	0.89	0.36	-0.01	-0.45	0.03	-0.63
Cash	-0.3	-0.48	0.76	0.5	-0.3	-0.46	-0.65	-0.44	-0.49		-0.45	0.08	1.0	-0.43	0.61	0.18	-0.43	0.11	-0.12	-0.22	-0.33	0.05	0.7	0.08	0.04	0.84
Non Current Assets Total	0.98	0.98	-0.62	0.13	0.87	1.0	0.95	0.92	0.95	-0.45		0.27	-0.42	0.97	-0.89	0.18	0.97	-0.16	0.15	-0.08	0.97	0.36	0.06	-0.4	0.24	-0.64
Non Currrent Assets Other	0.36	0.3	0.18	0.25	0.36	0.23	0.25	0.23	0.18	0.08	0.27		0.08	0.22	-0.14	-0.01	0.32	0.03	0.68	-0.26	0.36	-0.15	0.59	-0.1	0.1	-0.07
Cash And Short Term Investments	-0.28	-0.46	0.75	0.51	-0.27	-0.44	-0.63	-0.42	-0.46	1.0	-0.42	0.08		-0.41	0.59	0.19	-0.41	0.11	-0.12	-0.22	-0.31	0.06	0.71	0.06	0.04	0.84
Net Receivables	0.95	0.93	-0.67	0.13	0.93	0.97	0.91	0.96	0.99	-0.43	0.97	0.22	-0.41		-0.93	0.25	0.92	-0.14	0.03	-0.01	0.93	0.36	0.06	-0.44	0.09	-0.62
Common Stock Shares Outstanding	-0.83	-0.87	0.83	0.06	-0.9	-0.91	-0.91	-0.93	-0.97	0.61	-0.89	-0.14	0.59	-0.93		-0.2	-0.84	0.1	0.03	-0.09	-0.82	-0.28	0.14	0.43	0.01	0.7
Short Term Investments	0.23	0.24	0.01	0.25	0.2	0.18	0.18	0.14	0.22	0.18	0.18	-0.01	0.19	0.25	-0.2		0.22	-0.08	0.08	-0.36	0.27	0.13	0.41	-0.1	-0.2	0.03
Non Current Liabilities Total	0.96	0.99	-0.54	-0.01	0.8	0.96	0.96	0.84	0.89	-0.43	0.97	0.32	-0.41	0.92	-0.84	0.22		-0.23	0.3	-0.18	0.98	0.35	0.15	-0.53	0.16	-0.65
Inventory	-0.17	-0.22	-0.13	-0.04	0.01	-0.14	-0.22	-0.02	-0.12	0.11	-0.16	0.03	0.11	-0.14	0.1	-0.08	-0.23		-0.31	0.42	-0.23	-0.82	-0.11	0.11	0.24	0.14
Other Current Assets	0.23	0.28	0.25	-0.07	0.01	0.1	0.27	-0.02	-0.01	-0.12	0.15	0.68	-0.12	0.03	0.03	0.08	0.3	-0.31		-0.35	0.28	-0.1	0.44	0.0	0.12	-0.32
Other Stockholder Equity	-0.15	-0.18	-0.51	-0.36	0.07	-0.06	-0.11	0.22	0.05	-0.22	-0.08	-0.26	-0.22	-0.01	-0.09	-0.36	-0.18	0.42	-0.35		-0.24	-0.37	-0.46	0.04	0.24	-0.2
Total Liab	0.99	0.98	-0.47	0.18	0.83	0.96	0.93	0.84	0.89	-0.33	0.97	0.36	-0.31	0.93	-0.82	0.27	0.98	-0.23	0.28	-0.24		0.4	0.24	-0.44	0.19	-0.55
Property Plant And Equipment Gross	0.37	0.34	-0.02	0.33	0.25	0.36	0.29	0.26	0.36	0.05	0.36	-0.15	0.06	0.36	-0.28	0.13	0.35	-0.82	-0.1	-0.37	0.4		0.14	-0.21	-0.22	0.07
Total Current Assets	0.23	0.11	0.56	0.47	0.18	0.02	-0.07	-0.01	-0.01	0.7	0.06	0.59	0.71	0.06	0.14	0.41	0.15	-0.11	0.44	-0.46	0.24	0.14		-0.2	-0.06	0.38
Short Term Debt	-0.41	-0.44	0.25	0.48	-0.43	-0.4	-0.41	-0.4	-0.45	0.08	-0.4	-0.1	0.06	-0.44	0.43	-0.1	-0.53	0.11	0.0	0.04	-0.44	-0.21	-0.2		0.29	0.23
Intangible Assets	0.26	0.17	-0.05	0.15	0.03	0.23	0.11	0.16	0.03	0.04	0.24	0.1	0.04	0.09	0.01	-0.2	0.16	0.24	0.12	0.24	0.19	-0.22	-0.06	0.29		-0.16
Current Deferred Revenue	-0.55	-0.68	0.69	0.47	-0.49	-0.64	-0.78	-0.63	-0.63	0.84	-0.64	-0.07	0.84	-0.62	0.7	0.03	-0.65	0.14	-0.32	-0.2	-0.55	0.07	0.38	0.23	-0.16

Click cells to compare fundamentals

Canlan Ice Account Relationship Matchups

Canlan Ice fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	141.2M	121.5M	116.6M	121.7M	122.0M	98.5M
Short Long Term Debt Total	65.6M	63.1M	55.0M	50.1M	49.3M	48.0M
Other Current Liab	7.8M	6.7M	6.5M	7.5M	8.4M	5.1M
Total Current Liabilities	28.9M	20.0M	25.9M	31.0M	29.2M	22.6M
Total Stockholder Equity	48.4M	41.7M	40.4M	46.7M	44.7M	46.3M
Property Plant And Equipment Net	105.2M	98.8M	97.4M	95.5M	93.3M	83.1M
Net Debt	49.9M	56.1M	43.0M	31.6M	30.2M	40.8M
Retained Earnings	(17.5M)	(23.9M)	(25.0M)	(20.7M)	(21.8M)	(22.9M)
Accounts Payable	3.7M	1.5M	1.7M	2.2M	3.3M	4.1M
Cash	15.6M	7.0M	12.0M	18.5M	19.0M	9.9M
Non Current Assets Total	112.4M	104.0M	100.5M	98.9M	98.1M	84.8M
Non Currrent Assets Other	4.0M	1.0M	813K	762K	672K	1.2M
Cash And Short Term Investments	15.6M	7.0M	12.0M	18.5M	19.0M	10.0M
Net Receivables	3.0M	2.4M	2.3M	2.2M	3.0M	2.3M
Liabilities And Stockholders Equity	141.2M	121.5M	116.6M	121.7M	122.0M	98.5M
Non Current Liabilities Total	63.9M	59.8M	50.3M	44.0M	48.2M	41.9M
Inventory	870K	662K	490K	607K	624K	843.6K
Other Current Assets	9.2M	7.4M	1.3M	1.5M	1.3M	1.2M
Total Liab	92.8M	79.8M	76.2M	75.1M	77.3M	64.4M
Property Plant And Equipment Gross	105.2M	98.8M	202.6M	205.3M	209.9M	127.2M
Total Current Assets	28.8M	17.5M	16.1M	22.8M	23.9M	18.9M
Accumulated Other Comprehensive Income	2.3M	2.0M	1.8M	3.7M	2.8M	3.0M
Short Term Debt	5.1M	5.6M	5.7M	7.3M	3.0M	2.8M
Current Deferred Revenue	12.2M	6.2M	12.0M	14.1M	14.4M	11.7M
Other Liab	1.1M	3.4M	2.3M	970K	1.1M	1.5M
Net Tangible Assets	49.8M	48.4M	41.7M	40.4M	36.4M	35.8M
Other Assets	6.6M	4.8M	2.7M	3.0M	1.0	0.95
Long Term Debt	54.4M	51.7M	39.4M	38.1M	40.9M	49.2M
Short Long Term Debt	3.9M	4.4M	4.4M	1.7M	2.0M	1.9M
Property Plant Equipment	105.2M	98.8M	97.4M	95.5M	109.9M	108.7M
Long Term Debt Total	60.5M	57.5M	49.3M	42.9M	38.6M	41.3M
Capital Lease Obligations	7.3M	6.9M	11.2M	10.3M	6.3M	6.8M
Cash And Equivalents	16.5M	7.5M	12.5M	18.5M	16.7M	12.6M
Net Invested Capital	106.7M	97.9M	84.2M	86.5M	87.6M	75.7M
Net Working Capital	(112K)	(2.5M)	(9.8M)	(8.2M)	(5.3M)	(5.5M)

Pair Trading with Canlan Ice

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

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

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

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

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Canlan Ev To Sales vs Free Cash Flow Yield Analysis

Ev To Sales vs Free Cash Flow Yield

Ev To Sales vs Free Cash Flow Yield Correlation Analysis

Correlation Coefficient

Ev To Sales

Free Cash Flow Yield

Canlan Ice fundamental ratios Correlations

Canlan Ice Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Canlan Ice fundamental ratios Accounts

Pair Trading with Canlan Ice

Other Information on Investing in Canlan Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Total Liab	+ 0.99	Total Assets
Non Current Liabilities Total	+ 0.99	Short Long Term Debt Total
Net Receivables	+ 0.99	Accounts Payable
Property Plant And Equipment Net	+ 0.98	Total Assets

Common Stock Shares Outstanding	- 0.97	Accounts Payable
Common Stock Shares Outstanding	- 0.93	Net Receivables
Common Stock Shares Outstanding	- 0.93	Retained Earnings
Common Stock Shares Outstanding	- 0.91	Net Debt
Common Stock Shares Outstanding	- 0.91	Property Plant And Equipment Net
Common Stock Shares Outstanding	- 0.9	Total Stockholder Equity