NFI Historical Balance Sheet

NFI Stock

CAD 14.54 0.24 1.62%

Trend analysis of NFI Group balance sheet accounts such as Total Current Liabilities of 439.8 M provides information on NFI's total assets, liabilities, and equity, which is the actual value of NFI Group to its prevalent stockholders. By breaking down trends over time using NFI balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.

Cash Flow Balance Sheet Income Statement

Housing Crash

Credit Downgrade

Yuan Drop

Covid

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.

NFI Inventory

800.71 Million

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.

About NFI Balance Sheet Analysis

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

NFI Balance Sheet Chart

At this time, NFI's Other Liabilities is very stable compared to the past year. As of the 25th of November 2024, Net Invested Capital is likely to grow to about 1.8 B, while Total Assets are likely to drop about 1.7 B.

Total Assets Other Current Liab Total Current Liabilities Other Liab

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Total Assets

Total assets refers to the total amount of NFI assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in NFI Group books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Total Current Liabilities

Total Current Liabilities is an item on NFI balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of NFI Group are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Most accounts from NFI's balance sheet are interrelated and interconnected. However, analyzing balance sheet 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 balance sheet 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.

	2021	2022	2023	2024 (projected)
Short and Long Term Debt Total	955.9M	1.2B	1.1B	650.4M
Total Assets	2.6B	2.6B	2.7B	1.7B

Short Long Term Debt Total Total Assets

NFI balance sheet Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Common Stock Shares Outstanding	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Intangible Assets	Property Plant And Equipment Net	Non Current Liabilities Total	Short Term Debt	Common Stock
Total Assets		0.94	-0.47	0.97	0.87	0.97	-0.13	0.67	0.99	-0.05	0.66	0.96	0.92	0.84	0.82	0.86	-0.08	-0.44	0.99	0.71	0.99	0.91	0.95	0.88	0.0	0.81
Short Long Term Debt Total	0.94		-0.56	0.93	0.68	0.99	-0.21	0.71	0.91	0.23	0.71	0.88	0.89	0.64	0.68	0.88	0.15	-0.17	0.98	0.74	0.96	0.93	0.95	0.98	0.0	0.71
Other Current Liab	-0.47	-0.56		-0.47	-0.17	-0.53	0.29	-0.66	-0.45	-0.41	-0.66	-0.33	-0.36	-0.22	-0.26	-0.53	0.05	-0.04	-0.54	-0.49	-0.48	-0.38	-0.6	-0.59	0.39	-0.33
Total Current Liabilities	0.97	0.93	-0.47		0.79	0.95	-0.23	0.69	0.95	-0.08	0.69	0.94	0.86	0.85	0.85	0.85	-0.14	-0.44	0.98	0.68	0.97	0.87	0.89	0.85	0.16	0.82
Total Stockholder Equity	0.87	0.68	-0.17	0.79		0.73	0.13	0.42	0.89	-0.34	0.42	0.91	0.85	0.85	0.79	0.62	-0.21	-0.6	0.78	0.5	0.83	0.75	0.79	0.61	-0.07	0.73
Net Debt	0.97	0.99	-0.53	0.95	0.73		-0.21	0.69	0.94	0.12	0.69	0.91	0.89	0.72	0.73	0.88	0.05	-0.28	0.99	0.72	0.97	0.92	0.95	0.95	0.02	0.75
Retained Earnings	-0.13	-0.21	0.29	-0.23	0.13	-0.21		-0.48	-0.07	-0.33	-0.48	-0.01	0.13	-0.15	-0.27	-0.49	0.05	-0.05	-0.22	-0.65	-0.2	0.01	-0.05	-0.18	0.0	-0.52
Cash	0.67	0.71	-0.66	0.69	0.42	0.69	-0.48		0.64	0.37	1.0	0.49	0.56	0.47	0.52	0.68	-0.16	-0.1	0.71	0.74	0.67	0.58	0.69	0.68	0.0	0.69
Non Current Assets Total	0.99	0.91	-0.45	0.95	0.89	0.94	-0.07	0.64		-0.12	0.64	0.95	0.93	0.84	0.79	0.82	-0.16	-0.51	0.97	0.66	0.95	0.9	0.94	0.84	0.01	0.77
Non Currrent Assets Other	-0.05	0.23	-0.41	-0.08	-0.34	0.12	-0.33	0.37	-0.12		0.37	-0.16	0.0	-0.46	-0.28	0.16	0.64	0.8	0.04	0.35	0.02	0.13	0.16	0.36	-0.34	-0.02
Cash And Short Term Investments	0.66	0.71	-0.66	0.69	0.42	0.69	-0.48	1.0	0.64	0.37		0.49	0.56	0.47	0.52	0.68	-0.16	-0.1	0.71	0.74	0.67	0.58	0.69	0.68	0.0	0.69
Net Receivables	0.96	0.88	-0.33	0.94	0.91	0.91	-0.01	0.49	0.95	-0.16	0.49		0.92	0.83	0.82	0.8	0.0	-0.42	0.93	0.61	0.96	0.9	0.91	0.83	0.02	0.75
Good Will	0.92	0.89	-0.36	0.86	0.85	0.89	0.13	0.56	0.93	0.0	0.56	0.92		0.65	0.63	0.76	0.07	-0.27	0.9	0.59	0.89	0.98	0.94	0.88	-0.01	0.58
Common Stock Total Equity	0.84	0.64	-0.22	0.85	0.85	0.72	-0.15	0.47	0.84	-0.46	0.47	0.83	0.65		0.92	0.61	-0.4	-0.79	0.79	0.46	0.81	0.58	0.66	0.51	0.14	0.85
Common Stock Shares Outstanding	0.82	0.68	-0.26	0.85	0.79	0.73	-0.27	0.52	0.79	-0.28	0.52	0.82	0.63	0.92		0.66	-0.24	-0.6	0.78	0.56	0.83	0.58	0.67	0.57	0.14	0.9
Inventory	0.86	0.88	-0.53	0.85	0.62	0.88	-0.49	0.68	0.82	0.16	0.68	0.8	0.76	0.61	0.66		0.06	-0.18	0.89	0.92	0.88	0.82	0.84	0.87	-0.11	0.74
Other Current Assets	-0.08	0.15	0.05	-0.14	-0.21	0.05	0.05	-0.16	-0.16	0.64	-0.16	0.0	0.07	-0.4	-0.24	0.06		0.77	-0.03	0.07	0.01	0.18	0.07	0.29	-0.32	-0.19
Other Stockholder Equity	-0.44	-0.17	-0.04	-0.44	-0.6	-0.28	-0.05	-0.1	-0.51	0.8	-0.1	-0.42	-0.27	-0.79	-0.6	-0.18	0.77		-0.36	-0.03	-0.35	-0.14	-0.22	0.0	-0.23	-0.47
Total Liab	0.99	0.98	-0.54	0.98	0.78	0.99	-0.22	0.71	0.97	0.04	0.71	0.93	0.9	0.79	0.78	0.89	-0.03	-0.36		0.73	0.98	0.91	0.95	0.92	0.02	0.79
Property Plant And Equipment Gross	0.71	0.74	-0.49	0.68	0.5	0.72	-0.65	0.74	0.66	0.35	0.74	0.61	0.59	0.46	0.56	0.92	0.07	-0.03	0.73		0.74	0.65	0.72	0.75	-0.23	0.76
Total Current Assets	0.99	0.96	-0.48	0.97	0.83	0.97	-0.2	0.67	0.95	0.02	0.67	0.96	0.89	0.81	0.83	0.88	0.01	-0.35	0.98	0.74		0.9	0.94	0.91	-0.02	0.84
Intangible Assets	0.91	0.93	-0.38	0.87	0.75	0.92	0.01	0.58	0.9	0.13	0.58	0.9	0.98	0.58	0.58	0.82	0.18	-0.14	0.91	0.65	0.9		0.93	0.93	0.04	0.58
Property Plant And Equipment Net	0.95	0.95	-0.6	0.89	0.79	0.95	-0.05	0.69	0.94	0.16	0.69	0.91	0.94	0.66	0.67	0.84	0.07	-0.22	0.95	0.72	0.94	0.93		0.95	-0.19	0.68
Non Current Liabilities Total	0.88	0.98	-0.59	0.85	0.61	0.95	-0.18	0.68	0.84	0.36	0.68	0.83	0.88	0.51	0.57	0.87	0.29	0.0	0.92	0.75	0.91	0.93	0.95		-0.13	0.62
Short Term Debt	0.0	0.0	0.39	0.16	-0.07	0.02	0.0	0.0	0.01	-0.34	0.0	0.02	-0.01	0.14	0.14	-0.11	-0.32	-0.23	0.02	-0.23	-0.02	0.04	-0.19	-0.13		-0.01
Common Stock	0.81	0.71	-0.33	0.82	0.73	0.75	-0.52	0.69	0.77	-0.02	0.69	0.75	0.58	0.85	0.9	0.74	-0.19	-0.47	0.79	0.76	0.84	0.58	0.68	0.62	-0.01

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NFI Account Relationship Matchups

NFI balance sheet Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	3.0B	2.8B	2.6B	2.6B	2.7B	1.7B
Short Long Term Debt Total	1.2B	1.3B	955.9M	1.2B	1.1B	650.4M
Other Current Liab	4.7M	1.1M	24.1M	24.1M	16.0M	27.5M
Total Current Liabilities	730.8M	673.1M	604.6M	643.4M	719.7M	439.8M
Total Stockholder Equity	817.2M	620.1M	871.8M	577.2M	702.9M	483.1M
Net Debt	1.2B	1.2B	878.5M	1.2B	1.1B	603.8M
Retained Earnings	128.6M	(68.6M)	(132.2M)	(419.4M)	(555.3M)	(527.6M)
Cash	28.2M	55.8M	77.3M	50.0M	49.6M	29.6M
Non Current Assets Total	1.7B	1.6B	1.5B	1.4B	1.4B	1.0B
Non Currrent Assets Other	19.6M	37.2M	40.6M	46.9M	45.4M	25.6M
Cash And Short Term Investments	28.2M	55.8M	77.3M	50.0M	49.6M	29.6M
Net Receivables	549.1M	445.2M	417.9M	406.4M	492.7M	289.4M
Good Will	568.9M	529.5M	528.6M	409.7M	413.2M	346.7M
Common Stock Total Equity	665.6M	654.3M	681.0M	681.4M	783.6M	502.6M
Common Stock Shares Outstanding	62.8M	62.0M	62.5M	70.0M	91.9M	46.2M
Liabilities And Stockholders Equity	3.0B	2.8B	2.6B	2.6B	2.7B	1.7B
Inventory	672.2M	657.0M	567.7M	732.1M	762.6M	800.7M
Other Current Assets	10.1M	17.8M	8.0M	18.6M	19.0M	10.8M
Other Stockholder Equity	6.8M	8.4M	10.1M	11.3M	13.7M	15.0M
Total Liab	2.1B	2.1B	1.7B	2.0B	2.0B	1.2B
Property Plant And Equipment Gross	422.1M	365.5M	694.4M	710.7M	765.6M	803.8M
Total Current Assets	1.3B	1.2B	1.1B	1.2B	1.3B	689.4M
Intangible Assets	681.6M	647.9M	616.4M	576.7M	563.2M	511.5M
Property Plant And Equipment Net	422.1M	365.5M	343.1M	303.4M	308.9M	172.5M
Non Current Liabilities Total	1.4B	1.5B	1.1B	1.4B	1.3B	842.2M
Short Term Debt	19.2M	19.9M	23.3M	35.5M	18.0M	17.1M
Common Stock	681.0M	681.4M	987.9M	988.2M	1.2B	647.3M
Current Deferred Revenue	94.4M	99.5M	98.4M	128.4M	138.1M	145.0M
Accounts Payable	612.6M	552.7M	458.9M	455.4M	547.6M	345.5M
Accumulated Other Comprehensive Income	769K	(1.1M)	5.9M	(3.0M)	4.4M	4.6M
Other Liab	195.3M	173.2M	160.1M	159.5M	183.4M	192.4M
Net Tangible Assets	(433.3M)	(557.2M)	(273.2M)	(409.3M)	(368.3M)	(386.8M)
Other Assets	23.5M	37.2M	40.6M	(1K)	(900.0)	(855.0)
Long Term Debt	1.1B	1.1B	812.2M	1.1B	999.2M	780.0M
Property Plant Equipment	422.1M	365.5M	343.1M	303.4M	348.9M	248.3M
Long Term Debt Total	1.2B	1.3B	932.6M	1.2B	1.4B	955.6M
Capital Lease Obligations	163.2M	150.6M	143.7M	131.6M	138.0M	107.3M
Net Invested Capital	1.9B	1.7B	1.7B	1.7B	1.7B	1.8B

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

0.72	NG	NovaGold Resources	Pair Corr
0.9	HPQ	HPQ Silicon Resources	Pair Corr

Moving against NFI Stock

0.83	TD-PFI	Toronto Dominion Bank	Pair Corr
0.82	NVDA	NVIDIA CDR	Pair Corr
0.42	SBIO	Sabio Holdings	Pair Corr

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.

Pair Correlation Correlation Matching

Other Information on Investing in NFI Stock

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NFI Historical Balance Sheet

NFI Inventory

800.71 Million

About NFI Balance Sheet Analysis

NFI Balance Sheet Chart

Total Assets

Total Current Liabilities

NFI balance sheet Correlations

NFI Account Relationship Matchups

High Positive Relationship

High Negative Relationship

NFI balance sheet Accounts

Pair Trading with NFI

Moving together with NFI Stock

Moving against NFI Stock

Other Information on Investing in NFI Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Non Current Assets Total	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Assets
Total Current Assets	+ 0.99	Total Assets
Net Debt	+ 0.99	Short Long Term Debt Total
Total Liab	+ 0.99	Net Debt

Other Stockholder Equity	- 0.79	Common Stock Total Equity
Cash And Short Term Investments	- 0.66	Other Current Liab
Cash	- 0.66	Other Current Liab
Property Plant And Equipment Gross	- 0.65	Retained Earnings
Other Stockholder Equity	- 0.6	Common Stock Shares Outstanding
Other Stockholder Equity	- 0.6	Total Stockholder Equity