Supremex Net Debt vs Accounts Payable Analysis

SXP Stock

CAD 4.05 0.05 1.22%

Supremex financial indicator trend analysis is much more than just breaking down Supremex prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Supremex is a good investment. Please check the relationship between Supremex Net Debt and its Accounts Payable accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Supremex. 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 Debt vs Accounts Payable

Net Debt vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Supremex Net Debt account and Accounts Payable. At this time, the significance of the direction appears to have weak relationship.

The correlation between Supremex's Net Debt and Accounts Payable is 0.34. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Supremex, assuming nothing else is changed. The correlation between historical values of Supremex's Net Debt and Accounts Payable 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 Debt of Supremex are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Net Debt i.e., Supremex's Net Debt and Accounts Payable go up and down completely randomly.

Correlation Coefficient

0.34

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Accounts Payable

An accounting item on the balance sheet that represents Supremex obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Supremex are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.

Most indicators from Supremex's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Supremex 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 Supremex. 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.

As of the 23rd of November 2024, Selling General Administrative is likely to drop to about 25.8 M. In addition to that, Tax Provision is likely to drop to about 5.7 M

	2021	2022	2023	2024 (projected)
Gross Profit	53.1M	75.1M	68.4M	51.7M
Total Revenue	226.4M	272.5M	302.2M	198.5M

Gross Profit Total Revenue

Supremex fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Intangible Assets	Short Term Debt	Current Deferred Revenue
Total Assets		0.62	0.74	0.63	0.94	0.57	0.64	0.92	0.14	0.7	0.98	0.25	0.7	0.65	0.8	0.09	0.78	0.43	0.66	0.28	0.8	0.38	0.68	0.94	-0.31	0.3
Short Long Term Debt Total	0.62		0.53	0.51	0.46	0.77	0.78	0.46	0.23	0.18	0.53	0.3	0.18	0.76	0.2	-0.23	0.74	0.7	0.72	0.01	0.74	0.5	0.77	0.56	0.19	0.0
Other Current Liab	0.74	0.53		0.67	0.74	0.56	0.46	0.76	-0.15	0.54	0.67	0.63	0.54	0.77	0.48	-0.17	0.45	0.57	0.64	-0.03	0.52	0.53	0.78	0.57	-0.11	-0.24
Total Current Liabilities	0.63	0.51	0.67		0.44	0.72	0.71	0.49	0.48	0.33	0.53	0.19	0.33	0.77	0.22	-0.38	0.68	0.69	0.55	-0.14	0.78	0.73	0.81	0.65	-0.43	0.18
Total Stockholder Equity	0.94	0.46	0.74	0.44		0.33	0.37	0.97	-0.05	0.75	0.96	0.34	0.75	0.5	0.9	0.21	0.54	0.22	0.51	0.32	0.55	0.21	0.52	0.82	-0.16	0.28
Property Plant And Equipment Net	0.57	0.77	0.56	0.72	0.33		0.93	0.38	0.22	-0.01	0.44	0.41	-0.01	0.86	-0.02	-0.54	0.8	0.87	0.83	-0.24	0.82	0.81	0.88	0.55	-0.31	-0.16
Net Debt	0.64	0.78	0.46	0.71	0.37	0.93		0.39	0.34	0.12	0.54	0.19	0.12	0.76	0.11	-0.34	0.93	0.78	0.82	-0.06	0.93	0.65	0.81	0.69	-0.44	0.04
Retained Earnings	0.92	0.46	0.76	0.49	0.97	0.38	0.39		-0.06	0.7	0.94	0.39	0.7	0.55	0.87	0.02	0.54	0.26	0.56	0.1	0.55	0.36	0.56	0.82	-0.2	0.26
Accounts Payable	0.14	0.23	-0.15	0.48	-0.05	0.22	0.34	-0.06		-0.1	0.08	-0.48	-0.1	0.28	-0.07	-0.11	0.4	0.39	0.0	0.11	0.45	0.23	0.31	0.31	-0.18	0.63
Cash	0.7	0.18	0.54	0.33	0.75	-0.01	0.12	0.7	-0.1		0.76	-0.08	1.0	0.08	0.85	0.49	0.36	-0.17	0.15	0.48	0.39	-0.1	0.16	0.64	-0.17	0.32
Non Current Assets Total	0.98	0.53	0.67	0.53	0.96	0.44	0.54	0.94	0.08	0.76		0.18	0.76	0.51	0.88	0.17	0.72	0.27	0.57	0.31	0.72	0.28	0.55	0.94	-0.31	0.37
Non Currrent Assets Other	0.25	0.3	0.63	0.19	0.34	0.41	0.19	0.39	-0.48	-0.08	0.18		-0.08	0.58	0.04	-0.34	-0.02	0.42	0.53	-0.28	0.02	0.39	0.49	0.01	0.12	-0.49
Cash And Short Term Investments	0.7	0.18	0.54	0.33	0.75	-0.01	0.12	0.7	-0.1	1.0	0.76	-0.08		0.08	0.85	0.49	0.36	-0.17	0.15	0.48	0.39	-0.1	0.16	0.64	-0.17	0.32
Net Receivables	0.65	0.76	0.77	0.77	0.5	0.86	0.76	0.55	0.28	0.08	0.51	0.58	0.08		0.14	-0.5	0.65	0.91	0.82	-0.21	0.71	0.78	0.98	0.56	-0.14	-0.11
Good Will	0.8	0.2	0.48	0.22	0.9	-0.02	0.11	0.87	-0.07	0.85	0.88	0.04	0.85	0.14		0.43	0.37	-0.16	0.23	0.41	0.36	-0.08	0.16	0.73	-0.16	0.48
Common Stock Shares Outstanding	0.09	-0.23	-0.17	-0.38	0.21	-0.54	-0.34	0.02	-0.11	0.49	0.17	-0.34	0.49	-0.5	0.43		-0.16	-0.57	-0.39	0.93	-0.17	-0.86	-0.47	0.03	0.13	0.29
Non Current Liabilities Total	0.78	0.74	0.45	0.68	0.54	0.8	0.93	0.54	0.4	0.36	0.72	-0.02	0.36	0.65	0.37	-0.16		0.62	0.74	0.09	0.99	0.55	0.72	0.87	-0.47	0.23
Inventory	0.43	0.7	0.57	0.69	0.22	0.87	0.78	0.26	0.39	-0.17	0.27	0.42	-0.17	0.91	-0.16	-0.57	0.62		0.71	-0.27	0.67	0.77	0.93	0.39	-0.18	-0.22
Other Current Assets	0.66	0.72	0.64	0.55	0.51	0.83	0.82	0.56	0.0	0.15	0.57	0.53	0.15	0.82	0.23	-0.39	0.74	0.71		-0.2	0.73	0.64	0.81	0.59	-0.32	-0.14
Other Stockholder Equity	0.28	0.01	-0.03	-0.14	0.32	-0.24	-0.06	0.1	0.11	0.48	0.31	-0.28	0.48	-0.21	0.41	0.93	0.09	-0.27	-0.2		0.11	-0.66	-0.18	0.22	0.06	0.33
Total Liab	0.8	0.74	0.52	0.78	0.55	0.82	0.93	0.55	0.45	0.39	0.72	0.02	0.39	0.71	0.36	-0.17	0.99	0.67	0.73	0.11		0.59	0.78	0.87	-0.48	0.23
Property Plant And Equipment Gross	0.38	0.5	0.53	0.73	0.21	0.81	0.65	0.36	0.23	-0.1	0.28	0.39	-0.1	0.78	-0.08	-0.86	0.55	0.77	0.64	-0.66	0.59		0.78	0.41	-0.31	-0.16
Total Current Assets	0.68	0.77	0.78	0.81	0.52	0.88	0.81	0.56	0.31	0.16	0.55	0.49	0.16	0.98	0.16	-0.47	0.72	0.93	0.81	-0.18	0.78	0.78		0.61	-0.21	-0.11
Intangible Assets	0.94	0.56	0.57	0.65	0.82	0.55	0.69	0.82	0.31	0.64	0.94	0.01	0.64	0.56	0.73	0.03	0.87	0.39	0.59	0.22	0.87	0.41	0.61		-0.46	0.39
Short Term Debt	-0.31	0.19	-0.11	-0.43	-0.16	-0.31	-0.44	-0.2	-0.18	-0.17	-0.31	0.12	-0.17	-0.14	-0.16	0.13	-0.47	-0.18	-0.32	0.06	-0.48	-0.31	-0.21	-0.46		-0.16
Current Deferred Revenue	0.3	0.0	-0.24	0.18	0.28	-0.16	0.04	0.26	0.63	0.32	0.37	-0.49	0.32	-0.11	0.48	0.29	0.23	-0.22	-0.14	0.33	0.23	-0.16	-0.11	0.39	-0.16

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Supremex Account Relationship Matchups

Supremex fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	179.6M	186.6M	206.4M	260.6M	273.9M	163.1M
Short Long Term Debt Total	77.5M	75.7M	67.6M	88.1M	89.3M	56.1M
Other Current Liab	10.3M	14.5M	21.1M	22.3M	15.9M	14.2M
Total Current Liabilities	24.9M	32.4M	40.4M	42.7M	31.8M	31.1M
Total Stockholder Equity	76.5M	79.0M	97.4M	124.3M	134.7M	83.0M
Property Plant And Equipment Net	60.6M	55.3M	55.9M	74.2M	81.7M	46.7M
Net Debt	75.2M	72.6M	61.2M	86.2M	88.2M	49.5M
Retained Earnings	(210.7M)	(207.1M)	(185.3M)	(158.0M)	(145.9M)	(153.2M)
Accounts Payable	7.0M	9.5M	11.5M	16.3M	11.3M	8.9M
Cash	2.2M	3.0M	6.4M	1.9M	1.1M	1.0M
Non Current Assets Total	130.6M	133.3M	140.7M	171.9M	201.4M	124.2M
Non Currrent Assets Other	7.4M	4.4M	12.4M	14.7M	11.5M	12.0M
Cash And Short Term Investments	2.2M	3.0M	6.4M	1.9M	1.1M	1.0M
Net Receivables	24.1M	27.2M	33.0M	40.4M	36.1M	27.5M
Good Will	46.2M	49.1M	49.5M	51.2M	59.7M	64.5M
Common Stock Shares Outstanding	28.2M	28.1M	27.2M	26.2M	25.9M	23.0M
Liabilities And Stockholders Equity	179.6M	186.6M	206.4M	260.6M	273.9M	163.1M
Non Current Liabilities Total	78.3M	75.2M	68.6M	93.6M	107.5M	57.6M
Inventory	21.1M	21.7M	24.9M	44.9M	33.4M	21.0M
Other Current Assets	1.7M	1.3M	1.4M	1.5M	1.9M	1.3M
Other Stockholder Equity	277.3M	277.0M	274.2M	272.9M	271.6M	225.6M
Total Liab	103.2M	107.6M	109.0M	136.2M	139.2M	80.1M
Property Plant And Equipment Gross	60.6M	55.3M	125.5M	146.2M	158.2M	166.1M
Total Current Assets	49.1M	53.3M	65.6M	88.7M	72.5M	53.5M
Accumulated Other Comprehensive Income	175.9K	(493.2K)	(559.9K)	534.4K	261.1K	274.1K
Intangible Assets	16.4M	24.4M	22.9M	31.7M	38.2M	20.9M
Short Term Debt	7.6M	8.4M	7.8M	4.1M	4.6M	4.3M
Common Stock Total Equity	9.7M	9.7M	9.6M	9.5M	8.5M	7.8M
Common Stock	9.6M	9.5M	9.0M	8.9M	8.8M	7.6M
Other Liab	8.4M	7.9M	8.7M	9.6M	11.0M	7.2M
Net Tangible Assets	13.9M	5.4M	25.1M	41.4M	47.6M	50.0M
Other Assets	7.4M	4.4M	12.4M	14.7M	16.9M	17.8M
Long Term Debt	50.0M	52.9M	40.9M	54.4M	56.3M	45.8M
Property Plant Equipment	60.6M	55.3M	55.9M	74.2M	85.3M	46.4M
Long Term Debt Total	69.9M	67.3M	59.8M	84.0M	96.6M	59.6M
Capital Surpluse	277.3M	277.0M	274.2M	272.9M	245.6M	221.6M
Net Invested Capital	150.4M	131.9M	138.3M	178.7M	191.0M	164.9M
Net Working Capital	24.1M	20.9M	25.3M	46.0M	40.7M	33.4M

Pair Trading with Supremex

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

Moving against Supremex Stock

0.33

Royal Bank

Pair Corr

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

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

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

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Supremex Net Debt vs Accounts Payable Analysis

Net Debt vs Accounts Payable

Net Debt vs Accounts Payable Correlation Analysis

Correlation Coefficient

Net Debt

Accounts Payable

Supremex fundamental ratios Correlations

Supremex Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Supremex fundamental ratios Accounts

Pair Trading with Supremex

Moving against Supremex Stock

Other Information on Investing in Supremex Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Total Liab	+ 0.99	Non Current Liabilities Total
Non Current Assets Total	+ 0.98	Total Assets
Total Current Assets	+ 0.98	Net Receivables
Retained Earnings	+ 0.97	Total Stockholder Equity
Non Current Assets Total	+ 0.96	Total Stockholder Equity

Property Plant And Equipment Gross	- 0.86	Common Stock Shares Outstanding
Property Plant And Equipment Gross	- 0.66	Other Stockholder Equity
Inventory	- 0.57	Common Stock Shares Outstanding
Common Stock Shares Outstanding	- 0.54	Property Plant And Equipment Net
Common Stock Shares Outstanding	- 0.5	Net Receivables
Current Deferred Revenue	- 0.49	Non Currrent Assets Other