IGM Retained Earnings vs Current Deferred Revenue Analysis

IGM Stock

CAD 47.39 0.17 0.36%

IGM Financial financial indicator trend analysis is infinitely more than just investigating IGM Financial recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether IGM Financial is a good investment. Please check the relationship between IGM Financial Retained Earnings and its Current Deferred Revenue accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in IGM Financial. 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.

Retained Earnings vs Current Deferred Revenue

Retained Earnings vs Current Deferred Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of IGM Financial Retained Earnings account and Current Deferred Revenue. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between IGM Financial's Retained Earnings and Current Deferred Revenue is 0.44. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Current Deferred Revenue in the same time period over historical financial statements of IGM Financial, assuming nothing else is changed. The correlation between historical values of IGM Financial's Retained Earnings and Current Deferred Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of IGM Financial are associated (or correlated) with its Current Deferred Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Current Deferred Revenue has no effect on the direction of Retained Earnings i.e., IGM Financial's Retained Earnings and Current Deferred Revenue go up and down completely randomly.

Correlation Coefficient

0.44

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Current Deferred Revenue

Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.

Most indicators from IGM Financial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into IGM Financial 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 IGM Financial. 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, IGM Financial's Tax Provision is very stable compared to the past year. As of the 28th of November 2024, Issuance Of Capital Stock is likely to grow to about 23.6 M, while Selling General Administrative is likely to drop about 84.2 M.

	2021	2022	2023	2024 (projected)
Interest Expense	113.9M	113.8M	266.0M	279.3M
Depreciation And Amortization	2.1B	2.1B	90.5M	86.0M

Interest Expense Depreciation And Amortization

IGM Financial 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	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	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	Short Term Debt	Other Current Assets	Accounts Payable	Current Deferred Revenue	Good Will	Short Term Investments
Total Assets		0.75	0.16	0.87	0.94	0.57	0.7	0.95	0.42	0.73	0.28	-0.39	0.5	0.54	0.24	0.94	-0.73	0.99	0.42	0.83	0.61	-0.04	0.95	0.34	0.21	0.12
Short Long Term Debt Total	0.75		0.01	0.9	0.53	0.21	0.92	0.54	0.17	0.49	0.56	-0.58	0.15	0.83	0.06	0.71	-0.54	0.83	-0.02	0.78	0.89	-0.48	0.7	0.01	0.04	-0.09
Other Current Liab	0.16	0.01		0.16	0.2	0.63	0.23	0.23	-0.3	0.61	0.16	-0.31	-0.08	0.01	0.06	-0.04	0.01	0.13	0.71	0.34	0.16	0.26	0.2	0.48	0.47	0.02
Total Current Liabilities	0.87	0.9	0.16		0.7	0.45	0.88	0.7	0.27	0.68	0.3	-0.44	0.36	0.76	0.24	0.83	-0.7	0.91	0.21	0.83	0.87	-0.3	0.87	0.27	0.25	0.04
Total Stockholder Equity	0.94	0.53	0.2	0.7		0.61	0.52	0.99	0.57	0.77	0.15	-0.25	0.62	0.27	0.41	0.88	-0.77	0.87	0.54	0.74	0.37	0.22	0.91	0.45	0.28	0.16
Property Plant And Equipment Net	0.57	0.21	0.63	0.45	0.61		0.38	0.61	0.17	0.77	0.21	-0.44	0.53	0.17	0.12	0.45	-0.26	0.52	0.91	0.67	0.36	0.24	0.71	0.66	0.79	0.45
Net Debt	0.7	0.92	0.23	0.88	0.52	0.38		0.53	0.16	0.7	0.67	-0.73	0.11	0.65	0.23	0.6	-0.57	0.76	0.18	0.88	0.84	-0.2	0.7	0.2	0.26	-0.19
Retained Earnings	0.95	0.54	0.23	0.7	0.99	0.61	0.53		0.49	0.77	0.18	-0.28	0.53	0.27	0.35	0.87	-0.74	0.89	0.54	0.74	0.36	0.23	0.89	0.44	0.23	0.1
Cash	0.42	0.17	-0.3	0.27	0.57	0.17	0.16	0.49		0.37	-0.01	0.06	0.77	-0.03	0.7	0.54	-0.7	0.33	0.17	0.36	0.1	0.29	0.51	0.21	0.34	0.1
Non Current Assets Total	0.73	0.49	0.61	0.68	0.77	0.77	0.7	0.77	0.37		0.37	-0.5	0.37	0.2	0.53	0.61	-0.67	0.68	0.72	0.86	0.47	0.38	0.78	0.55	0.62	-0.06
Non Currrent Assets Other	0.28	0.56	0.16	0.3	0.15	0.21	0.67	0.18	-0.01	0.37		-0.92	-0.08	0.27	-0.15	0.1	0.0	0.33	0.18	0.62	0.44	-0.09	0.25	0.01	0.16	-0.11
Other Assets	-0.39	-0.58	-0.31	-0.44	-0.25	-0.44	-0.73	-0.28	0.06	-0.5	-0.92		-0.05	-0.34	0.16	-0.18	0.04	-0.44	-0.36	-0.74	-0.55	0.08	-0.4	-0.3	-0.32	-0.07
Cash And Short Term Investments	0.5	0.15	-0.08	0.36	0.62	0.53	0.11	0.53	0.77	0.37	-0.08	-0.05		0.16	0.33	0.57	-0.46	0.42	0.48	0.43	0.26	0.07	0.67	0.43	0.55	0.68
Net Receivables	0.54	0.83	0.01	0.76	0.27	0.17	0.65	0.27	-0.03	0.2	0.27	-0.34	0.16		-0.2	0.57	-0.26	0.64	-0.07	0.53	0.91	-0.81	0.54	-0.03	0.07	0.19
Common Stock Shares Outstanding	0.24	0.06	0.06	0.24	0.41	0.12	0.23	0.35	0.7	0.53	-0.15	0.16	0.33	-0.2		0.34	-0.8	0.16	0.12	0.27	0.03	0.54	0.33	0.3	0.35	-0.4
Non Current Liabilities Total	0.94	0.71	-0.04	0.83	0.88	0.45	0.6	0.87	0.54	0.61	0.1	-0.18	0.57	0.57	0.34		-0.8	0.94	0.28	0.72	0.61	-0.11	0.91	0.24	0.2	0.11
Other Stockholder Equity	-0.73	-0.54	0.01	-0.7	-0.77	-0.26	-0.57	-0.74	-0.7	-0.67	0.0	0.04	-0.46	-0.26	-0.8	-0.8		-0.68	-0.13	-0.59	-0.42	-0.19	-0.74	-0.29	-0.21	0.25
Total Liab	0.99	0.83	0.13	0.91	0.87	0.52	0.76	0.89	0.33	0.68	0.33	-0.44	0.42	0.64	0.16	0.94	-0.68		0.34	0.84	0.7	-0.17	0.92	0.28	0.17	0.1
Property Plant And Equipment Gross	0.42	-0.02	0.71	0.21	0.54	0.91	0.18	0.54	0.17	0.72	0.18	-0.36	0.48	-0.07	0.12	0.28	-0.13	0.34		0.55	0.1	0.45	0.53	0.63	0.74	0.42
Total Current Assets	0.83	0.78	0.34	0.83	0.74	0.67	0.88	0.74	0.36	0.86	0.62	-0.74	0.43	0.53	0.27	0.72	-0.59	0.84	0.55		0.74	0.01	0.86	0.42	0.52	0.08
Short Term Debt	0.61	0.89	0.16	0.87	0.37	0.36	0.84	0.36	0.1	0.47	0.44	-0.55	0.26	0.91	0.03	0.61	-0.42	0.7	0.1	0.74		-0.59	0.66	0.13	0.31	0.13
Other Current Assets	-0.04	-0.48	0.26	-0.3	0.22	0.24	-0.2	0.23	0.29	0.38	-0.09	0.08	0.07	-0.81	0.54	-0.11	-0.19	-0.17	0.45	0.01	-0.59		-0.03	0.33	0.26	-0.26
Accounts Payable	0.95	0.7	0.2	0.87	0.91	0.71	0.7	0.89	0.51	0.78	0.25	-0.4	0.67	0.54	0.33	0.91	-0.74	0.92	0.53	0.86	0.66	-0.03		0.44	0.46	0.27
Current Deferred Revenue	0.34	0.01	0.48	0.27	0.45	0.66	0.2	0.44	0.21	0.55	0.01	-0.3	0.43	-0.03	0.3	0.24	-0.29	0.28	0.63	0.42	0.13	0.33	0.44		0.53	0.26
Good Will	0.21	0.04	0.47	0.25	0.28	0.79	0.26	0.23	0.34	0.62	0.16	-0.32	0.55	0.07	0.35	0.2	-0.21	0.17	0.74	0.52	0.31	0.26	0.46	0.53		0.38
Short Term Investments	0.12	-0.09	0.02	0.04	0.16	0.45	-0.19	0.1	0.1	-0.06	-0.11	-0.07	0.68	0.19	-0.4	0.11	0.25	0.1	0.42	0.08	0.13	-0.26	0.27	0.26	0.38

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IGM Financial Account Relationship Matchups

IGM Financial fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	15.4B	16.1B	17.7B	18.9B	18.7B	10.2B
Short Long Term Debt Total	10.6B	9.8B	8.6B	8.1B	7.3B	4.6B
Other Current Liab	169.0M	168.7M	265.7M	177.5M	1.5B	1.6B
Total Current Liabilities	3.6B	3.5B	3.2B	2.8B	2.9B	2.4B
Total Stockholder Equity	4.5B	5.0B	6.4B	6.2B	6.7B	3.9B
Property Plant And Equipment Net	217.0M	329.7M	316.0M	326.3M	307.0M	322.3M
Net Debt	8.4B	7.7B	6.1B	5.8B	6.7B	7.0B
Retained Earnings	3.0B	3.2B	3.9B	4.1B	4.6B	2.4B
Cash	720.0M	771.6M	1.3B	1.1B	544.6M	924.5M
Non Current Assets Total	6.2B	6.8B	7.1B	7.4B	9.1B	9.5B
Non Currrent Assets Other	210.9M	318.2M	420.9M	592.1M	507.2M	532.6M
Other Assets	272.2M	365.5M	409.0M	373.6M	336.2M	319.4M
Cash And Short Term Investments	1.0B	1.4B	2.6B	1.7B	686.9M	1.1B
Net Receivables	7.6B	6.8B	5.8B	5.4B	335.6M	318.8M
Common Stock Shares Outstanding	239.2M	238.3M	240.0M	239.0M	238.4M	266.3M
Liabilities And Stockholders Equity	15.4B	16.1B	17.7B	18.9B	18.7B	10.2B
Non Current Liabilities Total	7.3B	7.5B	7.9B	9.8B	7.0B	4.2B
Other Stockholder Equity	48.7M	51.7M	51.1M	54.1M	57.9M	55.0M
Total Liab	10.9B	11.0B	11.2B	12.6B	11.9B	6.3B
Property Plant And Equipment Gross	217.0M	329.7M	665.9M	703.9M	701.1M	736.2M
Total Current Assets	9.2B	9.2B	10.6B	11.4B	9.6B	10.1B
Short Term Debt	3.0B	2.9B	2.4B	2.2B	937.1M	1.8B
Other Current Assets	576.5M	1.1B	2.2B	4.3B	8.7B	9.1B
Accumulated Other Comprehensive Income	(127.7M)	136.4M	883.1M	362.8M	316.3M	332.1M
Accounts Payable	435.0M	486.6M	553.4M	507.6M	444.7M	352.3M
Short Term Investments	301.2M	593.3M	1.3B	602.6M	142.2M	135.1M
Intangible Assets	1.2B	1.3B	1.4B	1.4B	1.3B	1.3B
Common Stock Total Equity	1.6B	1.6B	1.6B	1.6B	1.4B	1.3B
Inventory	(56.2M)	(39.0M)	(106.6M)	(171.9M)	(142.2M)	(135.1M)
Common Stock	1.6B	1.6B	1.7B	1.7B	1.7B	1.8B
Other Liab	8.1B	5.4B	4.7B	4.3B	3.9B	5.2B
Net Tangible Assets	608.7M	869.2M	2.3B	2.0B	2.3B	2.5B
Long Term Debt	7.5B	5.4B	4.8B	5.8B	4.8B	5.2B
Deferred Long Term Liab	194.5M	279.8M	377.6M	428.6M	385.7M	420.6M
Long Term Investments	2.1B	2.0B	2.2B	2.4B	3.8B	2.0B
Short Long Term Debt	3.0B	2.9B	2.4B	2.2B	2.3B	2.3B
Property Plant Equipment	217.0M	329.7M	316.0M	326.3M	375.2M	222.5M
Long Term Debt Total	7.6B	6.9B	6.2B	6.0B	5.4B	6.2B

Pair Trading with IGM Financial

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

Moving together with IGM Stock

0.83	RY-PS	Royal Bank Earnings Call This Week	Pair Corr
0.8	RY	Royal Bank Earnings Call This Week	Pair Corr
0.83	RY-PM	Royal Bank Earnings Call This Week	Pair Corr
0.87	TD-PFI	Toronto Dominion Bank Earnings Call This Week	Pair Corr

Moving against IGM Stock

0.49

Toronto Dominion Bank Earnings Call This Week

Pair Corr

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

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

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

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IGM Retained Earnings vs Current Deferred Revenue Analysis

Retained Earnings vs Current Deferred Revenue

Retained Earnings vs Current Deferred Revenue Correlation Analysis

Correlation Coefficient

Retained Earnings

Current Deferred Revenue

IGM Financial fundamental ratios Correlations

IGM Financial Account Relationship Matchups

High Positive Relationship

High Negative Relationship

IGM Financial fundamental ratios Accounts

Pair Trading with IGM Financial

Moving together with IGM Stock

Moving against IGM Stock

Other Information on Investing in IGM Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 0.99	Total Assets
Retained Earnings	+ 0.99	Total Stockholder Equity
Retained Earnings	+ 0.95	Total Assets
Accounts Payable	+ 0.95	Total Assets
Total Stockholder Equity	+ 0.94	Total Assets
Non Current Liabilities Total	+ 0.94	Total Assets

Other Assets	- 0.92	Non Currrent Assets Other
Other Current Assets	- 0.81	Net Receivables
Other Stockholder Equity	- 0.8	Non Current Liabilities Total
Other Stockholder Equity	- 0.8	Common Stock Shares Outstanding
Other Stockholder Equity	- 0.77	Total Stockholder Equity
Accounts Payable	- 0.74	Other Stockholder Equity