NFI Net Income vs Depreciation Analysis

NFI Stock

CAD 14.78 0.19 1.30%

NFI financial indicator trend analysis is infinitely more than just investigating NFI Group recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NFI Group is a good investment. Please check the relationship between NFI Net Income and its Depreciation accounts. 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.

Net Income vs Depreciation

Net Income vs Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NFI Group Net Income account and Depreciation. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between NFI's Net Income and Depreciation is -0.34. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Depreciation in the same time period over historical financial statements of NFI Group, assuming nothing else is changed. The correlation between historical values of NFI's Net Income and Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of NFI Group are associated (or correlated) with its Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation has no effect on the direction of Net Income i.e., NFI's Net Income and Depreciation go up and down completely randomly.

Correlation Coefficient

-0.34

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in NFI Group financial statement analysis. It represents the amount of money remaining after all of NFI Group operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

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.

Most indicators from NFI's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators 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 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 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. As of the 22nd of November 2024, Enterprise Value Over EBITDA is likely to grow to 44.47, while Selling General Administrative is likely to drop about 154 M.

	2021	2022	2023	2024 (projected)
Interest Expense	73.1M	91.0M	136.0M	142.8M
Depreciation And Amortization	97.2M	88.5M	80.8M	54.1M

Interest Expense Depreciation And Amortization

NFI fundamental ratios 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

Click cells to compare fundamentals

NFI Account Relationship Matchups

NFI fundamental ratios 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

0.82

ARA

Aclara Resources

Pair Corr

Moving against NFI Stock

0.55	BUI	Buhler Industries	Pair Corr
0.44	CCL-A	CCL Industries	Pair Corr
0.36	EU	enCore Energy Corp	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

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.

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NFI Net Income vs Depreciation Analysis

Net Income vs Depreciation

Net Income vs Depreciation Correlation Analysis

Correlation Coefficient

Net Income

Depreciation

NFI fundamental ratios Correlations

NFI Account Relationship Matchups

High Positive Relationship

High Negative Relationship

NFI fundamental ratios 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