Onex Short Term Debt vs Total Stockholder Equity Analysis

ONEX Stock  CAD 112.09  0.17  0.15%   
Onex Corp financial indicator trend analysis is much more than just breaking down Onex Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Onex Corp is a good investment. Please check the relationship between Onex Corp Short Term Debt and its Total Stockholder Equity accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Onex 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.

Short Term Debt vs Total Stockholder Equity

Short Term Debt vs Total Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Onex Corp Short Term Debt account and Total Stockholder Equity. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Onex Corp's Short Term Debt and Total Stockholder Equity is -0.44. Overlapping area represents the amount of variation of Short Term Debt that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of Onex Corp, assuming nothing else is changed. The correlation between historical values of Onex Corp's Short Term Debt and Total Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Debt of Onex Corp are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Short Term Debt i.e., Onex Corp's Short Term Debt and Total Stockholder Equity go up and down completely randomly.

Correlation Coefficient

-0.44
Relationship DirectionNegative 
Relationship StrengthVery Weak

Short Term Debt

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.
Most indicators from Onex Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Onex 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Onex 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, Onex Corp's Sales General And Administrative To Revenue is very stable compared to the past year. As of the 23rd of November 2024, Enterprise Value Over EBITDA is likely to grow to 16.85, while Selling General Administrative is likely to drop about 47.5 M.
 2023 2024 (projected)
Interest Expense2.3M2.2M
Depreciation And Amortization35M33.3M

Onex Corp fundamental ratios Correlations

0.930.920.92-0.60.91-0.510.9-0.590.910.850.980.580.70.850.550.050.970.790.39-0.010.970.910.880.560.93
0.930.780.78-0.580.75-0.360.99-0.570.770.760.970.290.730.70.420.00.950.570.35-0.010.930.750.680.530.96
0.920.781.0-0.770.98-0.390.73-0.770.990.910.860.790.60.940.480.290.920.950.420.060.950.980.920.60.87
0.920.781.0-0.780.98-0.370.73-0.780.980.910.860.780.60.930.470.30.920.940.410.070.950.980.910.620.87
-0.6-0.58-0.77-0.78-0.74-0.2-0.541.0-0.8-0.73-0.57-0.63-0.36-0.73-0.08-0.7-0.73-0.75-0.4-0.29-0.75-0.73-0.57-0.44-0.74
0.910.750.980.98-0.74-0.40.69-0.740.990.890.850.820.650.930.450.310.90.960.330.140.931.00.90.580.84
-0.51-0.36-0.39-0.37-0.2-0.4-0.34-0.2-0.36-0.37-0.49-0.3-0.48-0.4-0.50.62-0.39-0.36-0.150.22-0.39-0.41-0.48-0.32-0.29
0.90.990.730.73-0.540.69-0.34-0.540.720.690.950.220.710.620.43-0.040.930.510.34-0.010.90.70.620.490.95
-0.59-0.57-0.77-0.781.0-0.74-0.2-0.54-0.8-0.72-0.56-0.63-0.36-0.72-0.08-0.71-0.72-0.75-0.4-0.29-0.74-0.73-0.57-0.44-0.74
0.910.770.990.98-0.80.99-0.360.72-0.80.920.850.80.630.940.450.340.920.960.40.160.950.990.90.570.88
0.850.760.910.91-0.730.89-0.370.69-0.720.920.810.650.670.990.350.260.870.840.270.070.890.890.820.580.83
0.980.970.860.86-0.570.85-0.490.95-0.560.850.810.460.760.780.450.010.970.70.35-0.020.960.850.780.590.95
0.580.290.790.78-0.630.82-0.30.22-0.630.80.650.460.260.760.320.450.540.920.350.190.60.820.770.410.44
0.70.730.60.6-0.360.65-0.480.71-0.360.630.670.760.260.630.17-0.020.720.51-0.110.30.70.640.440.590.72
0.850.70.940.93-0.730.93-0.40.62-0.720.940.990.780.760.630.390.290.850.910.30.070.880.930.860.570.79
0.550.420.480.47-0.080.45-0.50.43-0.080.450.350.450.320.170.39-0.410.470.40.23-0.070.480.470.68-0.010.43
0.050.00.290.3-0.70.310.62-0.04-0.710.340.260.010.45-0.020.29-0.410.140.410.090.40.180.30.140.120.16
0.970.950.920.92-0.730.9-0.390.93-0.720.920.870.970.540.720.850.470.140.780.40.041.00.90.810.570.99
0.790.570.950.94-0.750.96-0.360.51-0.750.960.840.70.920.510.910.40.410.780.360.20.830.960.880.540.71
0.390.350.420.41-0.40.33-0.150.34-0.40.40.270.350.35-0.110.30.230.090.40.36-0.330.40.330.430.110.36
-0.01-0.010.060.07-0.290.140.22-0.01-0.290.160.07-0.020.190.30.07-0.070.40.040.2-0.330.050.140.030.090.1
0.970.930.950.95-0.750.93-0.390.9-0.740.950.890.960.60.70.880.480.181.00.830.40.050.930.840.590.98
0.910.750.980.98-0.731.0-0.410.7-0.730.990.890.850.820.640.930.470.30.90.960.330.140.930.90.570.84
0.880.680.920.91-0.570.9-0.480.62-0.570.90.820.780.770.440.860.680.140.810.880.430.030.840.90.410.74
0.560.530.60.62-0.440.58-0.320.49-0.440.570.580.590.410.590.57-0.010.120.570.540.110.090.590.570.410.54
0.930.960.870.87-0.740.84-0.290.95-0.740.880.830.950.440.720.790.430.160.990.710.360.10.980.840.740.54
Click cells to compare fundamentals

Onex Corp Account Relationship Matchups

Onex Corp fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets11.8B11.9B12.9B12.2B12.9B21.3B
Short Long Term Debt Total4.4B5.0B3.8B3.6B3.9B7.5B
Other Current Liab410M263M609M259M326M309.7M
Total Current Liabilities449M292M634M287M350M332.5M
Total Stockholder Equity7.0B7.2B8.4B8.3B8.6B9.0B
Property Plant And Equipment Net181M169M148M140M119M113.1M
Net Debt3.4B3.4B3.3B3.4B3.7B5.5B
Retained Earnings6.6B6.9B8.1B8.0B8.3B8.7B
Accounts Payable39M29M25M28M24M22.8M
Cash988M706M547M111M265M251.8M
Non Current Assets Total34.5B10.4B10.9B8.0B8.1B13.7B
Non Currrent Assets Other82M98M11M74M110M104.5M
Other Assets4.2B4.0B3.8B83M95.5M90.7M
Cash And Short Term Investments988M706M790M161M265M251.8M
Net Receivables332M261M4.1B4.0B4.6B2.7B
Common Stock Shares Outstanding100M96M89M85M79M102.0M
Liabilities And Stockholders Equity11.8B11.9B12.9B12.2B12.9B21.1B
Non Current Liabilities Total4.4B4.3B3.9B3.6B4.0B3.8B
Inventory(209M)(217M)(277M)(371M)(426.7M)(405.3M)
Other Current Assets253M91M297M17M389M612.1M
Other Stockholder Equity(14M)14M(15M)(1M)(900K)(855K)
Total Liab4.8B4.6B4.5B3.9B4.3B4.1B
Property Plant And Equipment Gross4.9B181M169M253M262M240.4M
Total Current Assets1.4B967M4.9B4.2B4.8B7.6B
Accumulated Other Comprehensive Income14M(75M)15M1M900K945K
Intangible Assets158M167M139M93M34M32.3M
Good Will8.2B261M264M257M149M141.6M
Short Term Investments306M146M243M50M45M42.8M
Common Stock Total Equity321M320M342M314M282.6M266.1M
Common Stock342M314M304M287M281M257.7M
Other Liab4.3B4.1B3.8B3.6B3.2B3.0B
Net Tangible Assets6.6B6.8B8.0B7.9B9.1B9.5B
Long Term Debt4.2B4.0B3.8B3.5B3.9B3.7B
Long Term Investments9.8B10.2B7.5B7.4B7.6B8.6B
Property Plant Equipment181M169M148M140M126M119.7M
Long Term Debt Total4.4B4.1B3.8B3.6B3.2B3.0B

Pair Trading with Onex 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 Onex 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 Onex Corp will appreciate offsetting losses from the drop in the long position's value.

Moving against Onex Stock

  0.86VCM Vecima NetworksPairCorr
The ability to find closely correlated positions to Onex 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 Onex 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 Onex 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 Onex Corp to buy it.
The correlation of Onex 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 Onex Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Onex 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 Onex 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 Onex Stock

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