Surge Capex To Depreciation vs Free Cash Flow Yield Analysis

SGY Stock

CAD 5.71 0.15 2.56%

Surge Energy financial indicator trend analysis is much more than just breaking down Surge Energy prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Surge Energy is a good investment. Please check the relationship between Surge Energy Capex To Depreciation and its Free Cash Flow Yield accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Surge Energy. 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.

Capex To Depreciation vs Free Cash Flow Yield

Capex To Depreciation vs Free Cash Flow Yield Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Surge Energy Capex To Depreciation account and Free Cash Flow Yield. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Surge Energy's Capex To Depreciation and Free Cash Flow Yield is -0.25. Overlapping area represents the amount of variation of Capex To Depreciation that can explain the historical movement of Free Cash Flow Yield in the same time period over historical financial statements of Surge Energy, assuming nothing else is changed. The correlation between historical values of Surge Energy's Capex To Depreciation and Free Cash Flow Yield is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capex To Depreciation of Surge Energy are associated (or correlated) with its Free Cash Flow Yield. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow Yield has no effect on the direction of Capex To Depreciation i.e., Surge Energy's Capex To Depreciation and Free Cash Flow Yield go up and down completely randomly.

Correlation Coefficient

-0.25

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Capex To Depreciation

The ratio of a company's capital expenditures to its depreciation expenses, indicating how much the company is investing in physical assets relative to the aging of existing assets.

Free Cash Flow Yield

A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.

Most indicators from Surge Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Surge Energy 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Surge Energy. 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, Surge Energy's Issuance Of Capital Stock is very stable compared to the past year. As of the 27th of November 2024, Enterprise Value Over EBITDA is likely to grow to 3.15, while Selling General Administrative is likely to drop about 18 M.

	2021	2022	2023	2024 (projected)
Gross Profit	244.0M	464.6M	143.3M	98.9M
Total Revenue	414.6M	734.5M	558.6M	586.6M

Gross Profit Total Revenue

Surge Energy fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Total Current Assets	Short Long Term Debt Total	Other Current Liab	Property Plant And Equipment Net	Non Current Liabilities Total	Other Current Assets	Property Plant And Equipment Gross	Short Term Debt	Current Deferred Revenue	Good Will	Common Stock Total Equity	Common Stock
Total Assets		0.08	0.89	0.7	-0.31	0.66	-0.31	1.0	0.21	-0.12	0.82	0.51	-0.21	0.73	0.84	0.73	-0.05	0.92	0.83	0.54	0.72	-0.39	0.6	-0.27	0.72	0.72
Total Current Liabilities	0.08		-0.32	0.51	-0.76	0.42	-0.5	0.07	-0.54	-0.46	0.35	0.33	-0.03	0.59	0.24	0.47	0.26	0.1	0.31	0.02	0.22	0.34	0.14	0.02	0.46	0.47
Total Stockholder Equity	0.89	-0.32		0.34	0.03	0.47	0.04	0.89	0.37	0.12	0.63	0.37	-0.15	0.37	0.66	0.39	-0.08	0.8	0.55	0.48	0.6	-0.48	0.53	-0.27	0.49	0.49
Net Debt	0.7	0.51	0.34		-0.49	0.46	-0.61	0.69	0.02	-0.27	0.6	0.22	-0.24	0.97	0.67	0.99	-0.11	0.77	0.95	0.28	0.35	-0.09	0.44	0.16	0.65	0.62
Retained Earnings	-0.31	-0.76	0.03	-0.49		-0.4	0.78	-0.31	0.33	0.87	-0.45	-0.7	0.17	-0.58	-0.26	-0.44	-0.03	-0.21	-0.4	-0.37	-0.54	0.23	-0.16	0.29	-0.81	-0.83
Accounts Payable	0.66	0.42	0.47	0.46	-0.4		-0.28	0.64	-0.23	-0.13	0.89	0.71	0.11	0.56	0.78	0.47	0.37	0.5	0.51	0.31	0.84	0.05	0.43	-0.45	0.44	0.52
Cash	-0.31	-0.5	0.04	-0.61	0.78	-0.28		-0.32	-0.08	0.75	-0.27	-0.51	0.07	-0.62	-0.14	-0.57	0.08	-0.27	-0.54	-0.35	-0.41	0.19	-0.12	0.18	-0.64	-0.65
Non Current Assets Total	1.0	0.07	0.89	0.69	-0.31	0.64	-0.32		0.23	-0.13	0.8	0.51	-0.21	0.72	0.82	0.73	-0.06	0.92	0.82	0.55	0.72	-0.4	0.6	-0.27	0.72	0.72
Non Currrent Assets Other	0.21	-0.54	0.37	0.02	0.33	-0.23	-0.08	0.23		0.29	-0.28	-0.11	0.02	-0.07	-0.11	0.08	-0.35	0.21	0.11	0.37	-0.09	-0.23	0.01	-0.05	-0.04	-0.09
Cash And Short Term Investments	-0.12	-0.46	0.12	-0.27	0.87	-0.13	0.75	-0.13	0.29		-0.27	-0.65	0.23	-0.33	-0.05	-0.2	0.17	-0.02	-0.21	-0.25	-0.43	0.46	0.14	0.29	-0.69	-0.72
Net Receivables	0.82	0.35	0.63	0.6	-0.45	0.89	-0.27	0.8	-0.28	-0.27		0.7	-0.13	0.68	0.92	0.61	0.16	0.68	0.68	0.38	0.84	-0.23	0.44	-0.38	0.63	0.69
Common Stock Shares Outstanding	0.51	0.33	0.37	0.22	-0.7	0.71	-0.51	0.51	-0.11	-0.65	0.7		-0.09	0.34	0.49	0.22	0.04	0.26	0.28	0.54	0.91	-0.38	0.09	-0.74	0.67	0.76
Other Stockholder Equity	-0.21	-0.03	-0.15	-0.24	0.17	0.11	0.07	-0.21	0.02	0.23	-0.13	-0.09		-0.2	-0.13	-0.25	0.8	-0.2	-0.23	0.11	-0.12	0.38	0.25	0.02	-0.29	-0.27
Total Liab	0.73	0.59	0.37	0.97	-0.58	0.56	-0.62	0.72	-0.07	-0.33	0.68	0.34	-0.2		0.7	0.97	-0.01	0.81	0.95	0.31	0.47	-0.1	0.49	0.12	0.74	0.72
Total Current Assets	0.84	0.24	0.66	0.67	-0.26	0.78	-0.14	0.82	-0.11	-0.05	0.92	0.49	-0.13	0.7		0.7	0.07	0.74	0.73	0.42	0.68	-0.25	0.42	-0.28	0.54	0.56
Short Long Term Debt Total	0.73	0.47	0.39	0.99	-0.44	0.47	-0.57	0.73	0.08	-0.2	0.61	0.22	-0.25	0.97	0.7		-0.12	0.8	0.96	0.32	0.36	-0.11	0.46	0.13	0.64	0.61
Other Current Liab	-0.05	0.26	-0.08	-0.11	-0.03	0.37	0.08	-0.06	-0.35	0.17	0.16	0.04	0.8	-0.01	0.07	-0.12		-0.07	-0.11	-0.02	0.12	0.43	0.32	-0.01	-0.11	-0.06
Property Plant And Equipment Net	0.92	0.1	0.8	0.77	-0.21	0.5	-0.27	0.92	0.21	-0.02	0.68	0.26	-0.2	0.81	0.74	0.8	-0.07		0.91	0.37	0.51	-0.32	0.62	0.1	0.67	0.65
Non Current Liabilities Total	0.83	0.31	0.55	0.95	-0.4	0.51	-0.54	0.82	0.11	-0.21	0.68	0.28	-0.23	0.95	0.73	0.96	-0.11	0.91		0.36	0.48	-0.25	0.52	0.12	0.69	0.67
Other Current Assets	0.54	0.02	0.48	0.28	-0.37	0.31	-0.35	0.55	0.37	-0.25	0.38	0.54	0.11	0.31	0.42	0.32	-0.02	0.37	0.36		0.5	-0.32	0.34	-0.55	0.54	0.52
Property Plant And Equipment Gross	0.72	0.22	0.6	0.35	-0.54	0.84	-0.41	0.72	-0.09	-0.43	0.84	0.91	-0.12	0.47	0.68	0.36	0.12	0.51	0.48	0.5		-0.39	0.27	-0.65	0.66	0.75
Short Term Debt	-0.39	0.34	-0.48	-0.09	0.23	0.05	0.19	-0.4	-0.23	0.46	-0.23	-0.38	0.38	-0.1	-0.25	-0.11	0.43	-0.32	-0.25	-0.32	-0.39		0.17	0.21	-0.53	-0.53
Current Deferred Revenue	0.6	0.14	0.53	0.44	-0.16	0.43	-0.12	0.6	0.01	0.14	0.44	0.09	0.25	0.49	0.42	0.46	0.32	0.62	0.52	0.34	0.27	0.17		0.06	0.37	0.33
Good Will	-0.27	0.02	-0.27	0.16	0.29	-0.45	0.18	-0.27	-0.05	0.29	-0.38	-0.74	0.02	0.12	-0.28	0.13	-0.01	0.1	0.12	-0.55	-0.65	0.21	0.06		-0.24	-0.28
Common Stock Total Equity	0.72	0.46	0.49	0.65	-0.81	0.44	-0.64	0.72	-0.04	-0.69	0.63	0.67	-0.29	0.74	0.54	0.64	-0.11	0.67	0.69	0.54	0.66	-0.53	0.37	-0.24		0.99
Common Stock	0.72	0.47	0.49	0.62	-0.83	0.52	-0.65	0.72	-0.09	-0.72	0.69	0.76	-0.27	0.72	0.56	0.61	-0.06	0.65	0.67	0.52	0.75	-0.53	0.33	-0.28	0.99

Click cells to compare fundamentals

Surge Energy Account Relationship Matchups

Surge Energy fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.4B	708.0M	1.3B	1.6B	1.5B	1.6B
Total Current Liabilities	60.3M	343.9M	180.0M	141.4M	122.1M	72.4M
Total Stockholder Equity	671.3M	(66.2M)	513.4M	838.3M	844.0M	886.2M
Net Debt	478.5M	446.4M	368.1M	376.7M	282.2M	183.2M
Retained Earnings	(853.7M)	(1.6B)	(1.2B)	(988.8M)	(1.0B)	(969.5M)
Accounts Payable	40.8M	51.3M	84.3M	93.4M	85.4M	89.7M
Non Current Assets Total	1.4B	672.9M	1.2B	1.5B	1.4B	1.5B
Non Currrent Assets Other	191K	(672.9M)	(1.2B)	660K	67.1M	70.4M
Cash And Short Term Investments	(46.7M)	(40.8M)	(31.1M)	(28.8M)	(25.9M)	(24.6M)
Net Receivables	41.5M	29.8M	55.7M	60.6M	53.4M	56.0M
Common Stock Shares Outstanding	37.3M	39.5M	56.0M	87.0M	101.0M	106.1M
Liabilities And Stockholders Equity	1.4B	708.0M	1.3B	1.6B	1.5B	1.6B
Other Stockholder Equity	52.2M	52.1M	52.1M	59.0M	67.5M	51.1M
Total Liab	754.5M	774.2M	762.1M	711.8M	636.8M	341.4M
Total Current Assets	47.4M	35.0M	58.9M	65.1M	63.4M	66.6M
Short Long Term Debt Total	431.8M	405.6M	337.1M	347.9M	282.2M	192.2M
Other Current Liab	2.7M	18.9M	32.0M	16.8M	12.3M	17.5M
Property Plant And Equipment Net	1.3B	672.9M	1.2B	1.4B	1.4B	714.6M
Non Current Liabilities Total	694.2M	430.3M	582.0M	570.3M	514.7M	279.8M
Other Current Assets	5.9M	5.3M	3.2M	4.5M	10.1M	10.6M
Property Plant And Equipment Gross	1.5B	1.3B	672.9M	2.8B	3.2B	3.4B
Accumulated Other Comprehensive Income	(872.9M)	(1.1B)	6.3M	2.7M	6.4M	6.7M
Short Term Debt	8.1M	269.7M	53.7M	31.3M	20.4M	19.4M
Common Stock Total Equity	1.3B	1.4B	1.5B	1.5B	1.7B	1.3B
Common Stock	1.5B	1.5B	1.7B	1.8B	1.8B	1.5B
Other Liab	270.5M	294.4M	298.7M	253.7M	291.7M	240.8M
Net Tangible Assets	671.3M	(66.2M)	513.4M	838.3M	754.5M	567.1M
Long Term Debt	385.1M	103.9M	260.0M	294.3M	264.8M	231.2M
Property Plant Equipment	1.3B	672.9M	1.2B	1.4B	1.3B	1.0B
Other Assets	2.9M	42.6M	0.0	77.1M	88.6M	93.0M
Long Term Debt Total	423.7M	135.9M	283.4M	316.7M	364.2M	297.3M
Capital Surpluse	52.2M	52.1M	52.1M	59.0M	67.8M	53.6M
Inventory	46.7M	40.8M	31.1M	28.8M	33.1M	27.6M
Net Invested Capital	1.1B	298.6M	819.4M	1.2B	1.0B	751.3M
Net Working Capital	(12.9M)	(308.8M)	(121.1M)	(76.3M)	(68.7M)	(72.1M)

Pair Trading with Surge Energy

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 Surge Energy 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 Surge Energy will appreciate offsetting losses from the drop in the long position's value.

Moving against Surge Stock

0.58	FFH	Fairfax Financial	Pair Corr
0.54	ENS	E Split Corp	Pair Corr
0.51	ELF	E L Financial	Pair Corr
0.5	FFH-PC	Fairfax Fin Hld	Pair Corr
0.48	ENS-PA	E Split Corp	Pair Corr

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

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

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

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Surge Capex To Depreciation vs Free Cash Flow Yield Analysis

Capex To Depreciation vs Free Cash Flow Yield

Capex To Depreciation vs Free Cash Flow Yield Correlation Analysis

Correlation Coefficient

Capex To Depreciation

Free Cash Flow Yield

Surge Energy fundamental ratios Correlations

Surge Energy Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Surge Energy fundamental ratios Accounts

Pair Trading with Surge Energy

Moving against Surge Stock

Other Information on Investing in Surge Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Short Long Term Debt Total	+ 0.99	Net Debt
Common Stock	+ 0.99	Common Stock Total Equity
Total Liab	+ 0.97	Net Debt
Short Long Term Debt Total	+ 0.97	Total Liab
Non Current Liabilities Total	+ 0.96	Short Long Term Debt Total

Common Stock	- 0.83	Retained Earnings
Common Stock Total Equity	- 0.81	Retained Earnings
Retained Earnings	- 0.76	Total Current Liabilities
Good Will	- 0.74	Common Stock Shares Outstanding
Common Stock	- 0.72	Cash And Short Term Investments
Common Stock Shares Outstanding	- 0.7	Retained Earnings