Itafos Cash And Short Term Investments vs Other Current Liab Analysis

IFOS Stock

CAD 1.76 0.07 4.14%

Itafos Corp financial indicator trend analysis is infinitely more than just investigating Itafos Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Itafos Corp is a good investment. Please check the relationship between Itafos Corp Cash And Short Term Investments and its Other Current Liab accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Itafos Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Cash And Short Term Investments vs Other Current Liab

Cash And Short Term Investments vs Other Current Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Itafos Corp Cash And Short Term Investments account and Other Current Liab. At this time, the significance of the direction appears to have very week relationship.

The correlation between Itafos Corp's Cash And Short Term Investments and Other Current Liab is 0.25. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Other Current Liab in the same time period over historical financial statements of Itafos Corp, assuming nothing else is changed. The correlation between historical values of Itafos Corp's Cash And Short Term Investments and Other Current Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Short Term Investments of Itafos Corp are associated (or correlated) with its Other Current Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Liab has no effect on the direction of Cash And Short Term Investments i.e., Itafos Corp's Cash And Short Term Investments and Other Current Liab go up and down completely randomly.

Correlation Coefficient

0.25

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Itafos Corp balance sheet. This account contains Itafos Corp investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Itafos Corp fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

Other Current Liab

Most indicators from Itafos Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Itafos Corp 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 Itafos Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

At this time, Itafos Corp's Enterprise Value Over EBITDA is fairly stable compared to the past year. Enterprise Value Multiple is likely to climb to 5.14 in 2024, whereas Tax Provision is likely to drop slightly above 1.1 M in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	29.8M	22.1M	13.5M	10.5M
Depreciation And Amortization	25.8M	33.7M	36.1M	37.9M

Interest Expense Depreciation And Amortization

Itafos Corp 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	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Net Receivables	Good Will	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Stockholder Equity	Total Liab	Total Current Assets	Current Deferred Revenue	Short Term Debt	Intangible Assets	Cash And Short Term Investments	Other Current Assets	Cash
Total Assets		0.6	0.6	0.34	0.42	0.92	0.48	-0.65	0.68	0.89	0.2	0.24	0.57	0.03	0.61	0.62	0.63	0.4	0.83	0.59	-0.2	0.12	0.7	0.46	0.06	0.43
Short Long Term Debt Total	0.6		0.34	0.68	-0.3	0.71	0.98	-0.29	0.6	0.68	0.4	0.43	0.19	0.16	0.2	0.41	0.25	-0.22	0.85	0.12	-0.24	0.55	0.38	-0.17	0.19	-0.18
Other Current Liab	0.6	0.34		-0.03	0.13	0.33	0.28	-0.76	0.86	0.28	-0.28	-0.27	0.94	-0.45	0.85	0.82	0.96	0.64	0.66	0.91	-0.46	-0.25	0.13	0.25	-0.33	0.26
Total Current Liabilities	0.34	0.68	-0.03		-0.12	0.58	0.7	0.13	0.32	0.6	0.7	0.71	-0.18	0.08	-0.2	-0.24	-0.14	-0.47	0.45	-0.25	0.12	0.96	0.29	-0.27	0.2	-0.28
Total Stockholder Equity	0.42	-0.3	0.13	-0.12		0.38	-0.38	-0.2	0.08	0.41	0.2	0.22	0.22	-0.32	0.25	0.0	0.21	0.51	-0.13	0.32	0.14	-0.15	0.34	0.54	0.19	0.54
Property Plant And Equipment Net	0.92	0.71	0.33	0.58	0.38		0.63	-0.42	0.54	1.0	0.46	0.52	0.28	0.1	0.33	0.37	0.34	0.1	0.76	0.27	-0.05	0.41	0.71	0.26	0.27	0.24
Net Debt	0.48	0.98	0.28	0.7	-0.38	0.63		-0.18	0.53	0.61	0.43	0.46	0.11	0.18	0.08	0.33	0.17	-0.32	0.78	0.01	-0.23	0.59	0.32	-0.35	0.24	-0.36
Retained Earnings	-0.65	-0.29	-0.76	0.13	-0.2	-0.42	-0.18		-0.61	-0.38	0.26	0.19	-0.8	0.24	-0.9	-0.82	-0.84	-0.78	-0.63	-0.79	0.09	0.34	-0.29	-0.52	0.43	-0.53
Accounts Payable	0.68	0.6	0.86	0.32	0.08	0.54	0.53	-0.61		0.49	-0.04	-0.03	0.73	-0.43	0.72	0.7	0.81	0.38	0.78	0.75	-0.47	0.12	0.25	0.2	-0.21	0.22
Non Current Assets Total	0.89	0.68	0.28	0.6	0.41	1.0	0.61	-0.38	0.49		0.53	0.59	0.23	0.1	0.28	0.31	0.29	0.08	0.72	0.22	0.0	0.45	0.71	0.24	0.32	0.22
Non Currrent Assets Other	0.2	0.4	-0.28	0.7	0.2	0.46	0.43	0.26	-0.04	0.53		0.97	-0.39	0.13	-0.38	-0.41	-0.34	-0.4	0.09	-0.41	0.19	0.73	0.24	-0.28	0.64	-0.28
Other Assets	0.24	0.43	-0.27	0.71	0.22	0.52	0.46	0.19	-0.03	0.59	0.97		-0.39	0.16	-0.37	-0.4	-0.34	-0.36	0.11	-0.43	0.28	0.73	0.3	-0.26	0.62	-0.27
Net Receivables	0.57	0.19	0.94	-0.18	0.22	0.28	0.11	-0.8	0.73	0.23	-0.39	-0.39		-0.53	0.93	0.85	0.97	0.71	0.57	0.95	-0.45	-0.38	0.04	0.4	-0.46	0.41
Good Will	0.03	0.16	-0.45	0.08	-0.32	0.1	0.18	0.24	-0.43	0.1	0.13	0.16	-0.53		-0.46	-0.23	-0.44	-0.39	0.05	-0.46	0.21	0.08	0.34	-0.1	0.32	-0.15
Common Stock Shares Outstanding	0.61	0.2	0.85	-0.2	0.25	0.33	0.08	-0.9	0.72	0.28	-0.38	-0.37	0.93	-0.46		0.87	0.95	0.77	0.59	0.94	-0.39	-0.4	0.1	0.56	-0.55	0.58
Non Current Liabilities Total	0.62	0.41	0.82	-0.24	0.0	0.37	0.33	-0.82	0.7	0.31	-0.41	-0.4	0.85	-0.23	0.87		0.87	0.59	0.73	0.84	-0.51	-0.44	0.18	0.36	-0.31	0.37
Inventory	0.63	0.25	0.96	-0.14	0.21	0.34	0.17	-0.84	0.81	0.29	-0.34	-0.34	0.97	-0.44	0.95	0.87		0.7	0.63	0.95	-0.47	-0.36	0.09	0.41	-0.42	0.42
Other Stockholder Equity	0.4	-0.22	0.64	-0.47	0.51	0.1	-0.32	-0.78	0.38	0.08	-0.4	-0.36	0.71	-0.39	0.77	0.59	0.7		0.17	0.8	-0.05	-0.6	0.23	0.58	-0.44	0.6
Total Liab	0.83	0.85	0.66	0.45	-0.13	0.76	0.78	-0.63	0.78	0.72	0.09	0.11	0.57	0.05	0.59	0.73	0.63	0.17		0.53	-0.36	0.23	0.47	0.16	-0.1	0.14
Total Current Assets	0.59	0.12	0.91	-0.25	0.32	0.27	0.01	-0.79	0.75	0.22	-0.41	-0.43	0.95	-0.46	0.94	0.84	0.95	0.8	0.53		-0.46	-0.45	0.13	0.55	-0.44	0.57
Current Deferred Revenue	-0.2	-0.24	-0.46	0.12	0.14	-0.05	-0.23	0.09	-0.47	0.0	0.19	0.28	-0.45	0.21	-0.39	-0.51	-0.47	-0.05	-0.36	-0.46		0.19	0.24	-0.01	0.14	-0.01
Short Term Debt	0.12	0.55	-0.25	0.96	-0.15	0.41	0.59	0.34	0.12	0.45	0.73	0.73	-0.38	0.08	-0.4	-0.44	-0.36	-0.6	0.23	-0.45	0.19		0.15	-0.36	0.25	-0.37
Intangible Assets	0.7	0.38	0.13	0.29	0.34	0.71	0.32	-0.29	0.25	0.71	0.24	0.3	0.04	0.34	0.1	0.18	0.09	0.23	0.47	0.13	0.24	0.15		0.25	0.31	0.21
Cash And Short Term Investments	0.46	-0.17	0.25	-0.27	0.54	0.26	-0.35	-0.52	0.2	0.24	-0.28	-0.26	0.4	-0.1	0.56	0.36	0.41	0.58	0.16	0.55	-0.01	-0.36	0.25		-0.3	1.0
Other Current Assets	0.06	0.19	-0.33	0.2	0.19	0.27	0.24	0.43	-0.21	0.32	0.64	0.62	-0.46	0.32	-0.55	-0.31	-0.42	-0.44	-0.1	-0.44	0.14	0.25	0.31	-0.3		-0.32
Cash	0.43	-0.18	0.26	-0.28	0.54	0.24	-0.36	-0.53	0.22	0.22	-0.28	-0.27	0.41	-0.15	0.58	0.37	0.42	0.6	0.14	0.57	-0.01	-0.37	0.21	1.0	-0.32

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Itafos Corp Account Relationship Matchups

Itafos Corp fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	510.8M	477.3M	633.9M	614.0M	587.2M	325.7M
Short Long Term Debt Total	222.7M	256.9M	254.1M	143.9M	103.8M	113.2M
Other Current Liab	42.1M	28.7M	40.2M	31.2M	42.3M	44.4M
Total Current Liabilities	80.1M	57.0M	121.8M	97.1M	106.6M	72.7M
Total Stockholder Equity	133.2M	81.7M	133.4M	252.3M	258.7M	271.7M
Property Plant And Equipment Net	332.6M	333.0M	433.8M	410.8M	371.6M	238.6M
Net Debt	193.6M	247.4M	222.5M	101.1M	73.1M	93.0M
Retained Earnings	(647.3M)	(701.3M)	(650.2M)	(535.1M)	(531.3M)	(504.7M)
Accounts Payable	32.4M	23.1M	25.3M	32.7M	31.7M	33.2M
Non Current Assets Total	346.6M	342.8M	438.7M	415.6M	388.2M	250.7M
Non Currrent Assets Other	13.1M	8.6M	4.9M	4.8M	5.5M	10.6M
Other Assets	12.2M	14M	9.8M	4.9M	5.6M	9.8M
Net Receivables	25.8M	26.2M	43.8M	27.1M	41.9M	44.0M
Common Stock Shares Outstanding	143.4M	184.7M	189.0M	191.8M	190.0M	199.5M
Liabilities And Stockholders Equity	510.8M	477.3M	633.9M	614.0M	587.2M	325.7M
Non Current Liabilities Total	288.5M	337.9M	377.4M	263.8M	221.9M	233.0M
Inventory	105.0M	93.4M	112.7M	122.3M	119.8M	125.8M
Total Liab	368.5M	394.9M	499.2M	360.9M	328.5M	168.5M
Total Current Assets	164.2M	134.5M	195.1M	198.4M	199.0M	208.9M
Current Deferred Revenue	702K	21K	913K	987K	386K	366.7K
Short Term Debt	4.9M	5.2M	55.4M	32.2M	32.3M	51.1M
Cash And Short Term Investments	29.1M	9.5M	31.6M	42.8M	30.8M	17.6M
Other Current Assets	3.3M	132K	421K	448K	510K	484.5K
Cash	29.1M	9.5M	31.6M	42.8M	30.8M	22.0M
Other Liab	62.4M	70.6M	86.2M	178.7M	205.5M	215.8M
Net Tangible Assets	262.7M	142.3M	81.7M	133.4M	120.1M	148.1M
Long Term Debt	208.9M	237.8M	187.0M	98.9M	61.4M	117.6M
Short Long Term Debt	2.5M	2.4M	52.8M	29.2M	29.1M	43.2M
Common Stock	529.2M	531.6M	532.4M	536.2M	538.7M	459.4M
Property Plant Equipment	369.7M	332.6M	333.0M	433.8M	498.9M	370.2M
Non Current Liabilities Other	18K	602K	694K	642K	603K	596.4K
Net Invested Capital	344.5M	321.9M	373.3M	380.5M	349.3M	294.6M
Net Working Capital	84.1M	77.5M	73.3M	101.3M	92.4M	91.2M
Capital Stock	529.2M	531.6M	532.4M	536.2M	538.7M	583.6M

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