Interfor Other Stockholder Equity vs Short Term Debt Analysis

IFP Stock  CAD 19.17  0.08  0.42%   
Interfor Corp financial indicator trend analysis is infinitely more than just investigating Interfor Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Interfor Corp is a good investment. Please check the relationship between Interfor Corp Other Stockholder Equity and its Short Term Debt accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Interfor 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 board of governors.

Other Stockholder Equity vs Short Term Debt

Other Stockholder Equity vs Short Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Interfor Corp Other Stockholder Equity account and Short Term Debt. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Interfor Corp's Other Stockholder Equity and Short Term Debt is -0.06. Overlapping area represents the amount of variation of Other Stockholder Equity that can explain the historical movement of Short Term Debt in the same time period over historical financial statements of Interfor Corp, assuming nothing else is changed. The correlation between historical values of Interfor Corp's Other Stockholder Equity and Short Term 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 Other Stockholder Equity of Interfor Corp are associated (or correlated) with its Short Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Debt has no effect on the direction of Other Stockholder Equity i.e., Interfor Corp's Other Stockholder Equity and Short Term Debt go up and down completely randomly.

Correlation Coefficient

-0.06
Relationship DirectionNegative 
Relationship StrengthInsignificant

Other Stockholder Equity

Short Term Debt

Most indicators from Interfor Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Interfor 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 Interfor 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 board of governors.
At this time, Interfor Corp's Selling General Administrative is very stable compared to the past year. As of the 23rd of November 2024, Enterprise Value is likely to grow to about 2 B, though Tax Provision is likely to grow to (86.5 M).
 2021 2022 2023 2024 (projected)
Gross Profit1.3B1.2B156.8M237.6M
Total Revenue3.3B4.6B3.3B3.5B

Interfor Corp fundamental ratios Correlations

0.960.280.970.990.990.720.970.980.990.930.980.00.980.80.47-0.440.990.980.7-0.290.310.320.320.930.99
0.960.070.90.910.980.860.880.930.980.940.95-0.010.990.710.58-0.430.990.950.53-0.150.30.140.130.940.96
0.280.070.450.370.19-0.310.420.270.170.090.21-0.10.130.25-0.110.020.190.290.63-0.31-0.120.740.730.020.25
0.970.90.450.970.940.620.970.970.940.880.95-0.060.920.780.35-0.40.950.960.74-0.320.190.410.410.860.97
0.990.910.370.970.970.630.980.980.960.870.950.070.940.820.44-0.470.950.960.77-0.330.330.410.410.890.96
0.990.980.190.940.970.80.940.971.00.930.980.020.990.790.52-0.460.990.980.61-0.240.340.20.20.950.99
0.720.86-0.310.620.630.80.620.690.820.850.79-0.180.840.540.52-0.250.810.780.070.030.18-0.39-0.40.830.79
0.970.880.420.970.980.940.620.950.940.910.96-0.130.920.820.33-0.330.940.960.75-0.40.20.390.390.880.95
0.980.930.270.970.980.970.690.950.970.880.960.10.940.810.45-0.520.960.950.7-0.240.340.320.320.920.98
0.990.980.170.940.961.00.820.940.970.950.98-0.030.990.780.49-0.430.990.990.59-0.240.310.170.170.960.99
0.930.940.090.880.870.930.850.910.880.950.96-0.30.960.730.34-0.230.960.950.47-0.30.130.050.040.940.94
0.980.950.210.950.950.980.790.960.960.980.96-0.140.980.810.41-0.350.980.980.61-0.270.170.190.190.930.98
0.0-0.01-0.1-0.060.070.02-0.18-0.130.1-0.03-0.3-0.14-0.06-0.10.38-0.66-0.06-0.120.180.260.750.290.31-0.02-0.05
0.980.990.130.920.940.990.840.920.940.990.960.98-0.060.740.52-0.41.00.970.56-0.20.290.170.160.960.98
0.80.710.250.780.820.790.540.820.810.780.730.81-0.10.740.42-0.320.760.770.75-0.340.110.20.20.710.79
0.470.58-0.110.350.440.520.520.330.450.490.340.410.380.520.42-0.460.490.420.310.450.440.010.010.470.46
-0.44-0.430.02-0.4-0.47-0.46-0.25-0.33-0.52-0.43-0.23-0.35-0.66-0.4-0.32-0.46-0.41-0.36-0.39-0.06-0.64-0.26-0.26-0.42-0.4
0.990.990.190.950.950.990.810.940.960.990.960.98-0.061.00.760.49-0.410.980.6-0.230.280.210.210.950.99
0.980.950.290.960.960.980.780.960.950.990.950.98-0.120.970.770.42-0.360.980.6-0.270.250.210.210.930.99
0.70.530.630.740.770.610.070.750.70.590.470.610.180.560.750.31-0.390.60.6-0.380.220.80.80.50.61
-0.29-0.15-0.31-0.32-0.33-0.240.03-0.4-0.24-0.24-0.3-0.270.26-0.2-0.340.45-0.06-0.23-0.27-0.380.18-0.32-0.32-0.15-0.24
0.310.3-0.120.190.330.340.180.20.340.310.130.170.750.290.110.44-0.640.280.250.220.180.180.180.420.25
0.320.140.740.410.410.2-0.390.390.320.170.050.190.290.170.20.01-0.260.210.210.8-0.320.181.00.090.2
0.320.130.730.410.410.2-0.40.390.320.170.040.190.310.160.20.01-0.260.210.210.8-0.320.181.00.090.2
0.930.940.020.860.890.950.830.880.920.960.940.93-0.020.960.710.47-0.420.950.930.5-0.150.420.090.090.93
0.990.960.250.970.960.990.790.950.980.990.940.98-0.050.980.790.46-0.40.990.990.61-0.240.250.20.20.93
Click cells to compare fundamentals

Interfor Corp Account Relationship Matchups

Interfor Corp fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.3B1.8B2.6B3.6B3.4B3.6B
Short Long Term Debt Total297.6M422.2M414.8M833.2M938M984.9M
Other Current Liab13.2M20.6M81.5M18.3M16M20.7M
Total Current Liabilities137.6M189.7M321.6M326.0M336.2M353.0M
Total Stockholder Equity831.0M1.1B1.6B2.0B1.7B1.8B
Property Plant And Equipment Net772.3M764.6M1.1B1.7B1.7B1.7B
Net Debt262.7M(35.1M)(123.8M)755.6M883M927.2M
Retained Earnings236.1M501.7M1.1B1.4B1.2B1.2B
Accounts Payable114.4M150.5M218.8M285.6M258.9M271.8M
Non Current Assets Total1.0B1.1B1.6B2.8B2.7B2.9B
Non Currrent Assets Other10.0M49.1M60.6M256.2M262.8M275.9M
Net Receivables88.6M117.5M160.5M278.1M252.8M265.4M
Common Stock Shares Outstanding67.3M67.1M63.8M55.1M51.4M54.8M
Liabilities And Stockholders Equity1.3B1.8B2.6B3.6B3.4B3.6B
Non Current Liabilities Total373.3M573.1M645.9M1.3B1.3B1.4B
Inventory181.6M160.2M250.5M396.9M339.2M169.8M
Other Current Assets20.4M18.0M16.1M25.9M26.9M18.0M
Other Stockholder Equity4.5M5.2M4.7M5.5M6.2M5.9M
Total Liab510.9M762.9M967.5M1.6B1.7B1.8B
Property Plant And Equipment Gross772.3M764.6M1.9B2.6B2.8B2.9B
Total Current Assets325.5M753.1M965.7M778.6M673.9M338.2M
Accumulated Other Comprehensive Income56.8M49.8M58.4M175.9M145.5M152.8M
Short Term Debt10.1M18.6M21.3M22.1M61.3M79.8M
Cash34.9M457.4M538.6M77.6M55M84.5M
Cash And Short Term Investments34.9M457.4M538.6M77.6M55M86.7M
Intangible Assets88.4M137.3M133.2M272.4M250.5M263.0M
Good Will138.7M138.8M342.3M532.2M530.5M557.0M
Common Stock533.7M523.6M484.7M408.7M408.9M534.1M
Other Liab85.8M169.5M252.4M455.7M524.1M550.3M
Net Tangible Assets628.2M826.5M1.2B1.3B1.4B778.9M
Other Assets16.9M49.3M61.0M19.8M22.8M24.9M
Long Term Debt259.8M375.1M366.6M790.6M853.6M431.3M
Deferred Long Term Liab1.5M1.3M2.1M2.3M2.1M1.5M
Property Plant Equipment796.6M787.0M1.1B1.8B2.0B2.1B
Long Term Debt Total287.5M403.6M393.5M811.1M932.8M979.4M
Capital Surpluse4.5M5.2M4.7M5.5M4.9M4.8M

Pair Trading with Interfor Corp

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

Moving together with Interfor Stock

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Moving against Interfor Stock

  0.45INFM Infinico Metals CorpPairCorr
The ability to find closely correlated positions to Interfor Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Interfor Corp 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 Interfor Corp - 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 Interfor Corp to buy it.
The correlation of Interfor Corp 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 Interfor Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Interfor Corp 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 Interfor Corp 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 CorrelationCorrelation Matching

Other Information on Investing in Interfor Stock

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