NFI Historical Cash Flow
| NFI Stock | CAD 14.78 0.19 1.30% |
Analysis of NFI cash flow over time is an excellent tool to project NFI Group future capital expenditures as well as to predict the amount of cash needed to cover cost of sales, R&D expenses or production expansions. Investors should almost always look for trends in cash flow indicators such as Capital Expenditures of 23.2 M or Total Cash From Financing Activities of 123.7 M as it is a great indicator of NFI ability to facilitate future growth, repay debt on time or pay out dividends.
Financial Statement Analysis is much more than just reviewing and examining NFI Group latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether NFI Group is a good buy for the upcoming year.
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About NFI Cash Flow Analysis
The Cash Flow Statement is a financial statement that shows how changes in NFI balance sheet and income statement accounts affect cash and cash equivalents. It breaks the analysis down to operating, investing, and financing activities. One of the most critical aspects of the cash flow statement is liquidity, which is the degree to which NFI's non-liquid assets can be easily converted into cash.
NFI Cash Flow Chart
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Depreciation
Depreciation indicates how much of NFI Group value has been used up. For tax purposes NFI can deduct the cost of the tangible assets it purchases as business expenses. However, NFI Group must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.Stock Based Compensation
Compensation provided to employees in the form of equity or options to purchase company stock. This type of compensation is used to align the interests of employees and shareholders.Net Borrowings
The difference between the amount of new debt a company has taken on and the amount of debt it has paid off during a given period.Most accounts from NFI's cash flow statement are interrelated and interconnected. However, analyzing cash flow statement accounts one by one will only give a small insight into NFI Group current financial condition. On the other hand, looking into the entire matrix of cash flow statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NFI Group. 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, NFI's Issuance Of Capital Stock is very stable compared to the past year.
NFI cash flow statement Correlations
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NFI Account Relationship Matchups
High Positive Relationship
High Negative Relationship
NFI cash flow statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change In Cash | 17.4M | 27.5M | 21.5M | (27.3M) | (372K) | (353.4K) | |
| Free Cash Flow | 61.0M | 40.3M | 79.0M | (273.4M) | (100.8M) | (95.8M) | |
| Change In Working Capital | (91.3M) | 68.8M | 45.8M | (96.2M) | (45.0M) | (42.7M) | |
| Other Cashflows From Financing Activities | 35.1M | (3.9M) | (24.1M) | 285.2M | (122.5M) | (116.4M) | |
| Depreciation | 104.6M | 110.8M | 97.2M | 88.5M | 80.8M | 54.1M | |
| Other Non Cash Items | (15.9M) | 40.8M | (24.6M) | 89.7M | 66.8M | 70.2M | |
| Dividends Paid | 68.2M | 76.4M | 49.4M | 46.5M | 22.4M | 0.0 | |
| Capital Expenditures | 37.6M | 25.7M | 36.3M | 31.6M | 37.0M | 23.2M | |
| Total Cash From Operating Activities | 98.6M | 66.1M | 115.2M | (241.9M) | (63.8M) | (60.6M) | |
| Net Income | 57.7M | (157.7M) | (14.5M) | (277.8M) | (136.2M) | (129.4M) | |
| Total Cash From Financing Activities | 298.0M | (37K) | (60.0M) | 238.3M | 117.8M | 123.7M | |
| End Period Cash Flow | 28.2M | 55.8M | 77.3M | 50.0M | 49.6M | 29.8M | |
| Begin Period Cash Flow | 10.8M | 28.2M | 55.8M | 77.3M | 50.0M | 29.5M | |
| Sale Purchase Of Stock | (5.7M) | 72.1M | (287.4M) | (2K) | (1.8K) | (1.7K) | |
| Change To Inventory | (40.1M) | 22.5M | 86.5M | (160.9M) | (29.6M) | (28.1M) | |
| Change To Account Receivables | (63.6M) | 105.3M | 22.6M | 27.0M | (111.5M) | (106.0M) | |
| Stock Based Compensation | 1.6M | 1.8M | 1.7M | 1.3M | 2.6M | 1.5M | |
| Net Borrowings | 345.1M | 53.2M | (305.6M) | 260.7M | 234.6M | 246.3M | |
| Total Cashflows From Investing Activities | (379.3M) | (38.5M) | (30.8M) | (24.5M) | (28.2M) | (29.6M) | |
| Change To Operating Activities | (40.4M) | (2.4M) | 3.7M | (4.8M) | (4.3M) | (4.1M) | |
| Change To Netincome | 27.7M | 44.3M | (13.3M) | 43.6M | 50.1M | 52.6M | |
| Change To Liabilities | 37.7M | (56.7M) | (61.4M) | 44.0M | 39.6M | 41.6M | |
| Investments | (379.3M) | (38.5M) | (30.8M) | (24.5M) | (53.3M) | (56.0M) | |
| Issuance Of Capital Stock | 36.7M | 84K | 316.2M | 262.1M | 301.4M | 316.4M |
Pair Trading with NFI
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 NFI 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 NFI will appreciate offsetting losses from the drop in the long position's value.Moving together with NFI Stock
Moving against NFI Stock
| 0.55 | BUI | Buhler Industries | PairCorr |
| 0.44 | CCL-A | CCL Industries | PairCorr |
| 0.36 | EU | enCore Energy Corp | PairCorr |
The ability to find closely correlated positions to NFI could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NFI 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 NFI - 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 NFI Group to buy it.
The correlation of NFI 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 NFI moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NFI Group 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 NFI 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.Other Information on Investing in NFI Stock
The Cash Flow Statement is a financial statement that shows how changes in NFI balance sheet and income statement accounts affect cash and cash equivalents. It breaks the analysis down to operating, investing, and financing activities. One of the most critical aspects of the cash flow statement is liquidity, which is the degree to which NFI's non-liquid assets can be easily converted into cash.