Algonquin Historical Cash Flow
| AQN Stock | USD 4.85 0.10 2.11% |
Analysis of Algonquin Power cash flow over time is an excellent tool to project Algonquin Power Utilities future capital expenditures as well as to predict the amount of cash needed to cover cost of sales, R&D expenses or production expansions. Investors should almost always look for trends in cash flow indicators such as Other Cashflows From Financing Activities of 2 B or Depreciation of 490.3 M as it is a great indicator of Algonquin Power ability to facilitate future growth, repay debt on time or pay out dividends.
Financial Statement Analysis is much more than just reviewing and examining Algonquin Power Utilities 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 Algonquin Power Utilities is a good buy for the upcoming year.
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About Algonquin Cash Flow Analysis
The Cash Flow Statement is a financial statement that shows how changes in Algonquin balance sheet and income statement accounts affect cash and cash equivalents. It breaks the analysis down to operating, investing, and financing activities. One of the most critical aspects of the cash flow statement is liquidity, which is the degree to which Algonquin's non-liquid assets can be easily converted into cash.
Algonquin Power Cash Flow Chart
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Dividends Paid
The total amount of dividends that a company has paid out to its shareholders over a specific period.Stock Based Compensation
Compensation provided to employees in the form of equity or options to purchase company stock. This type of compensation is used to align the interests of employees and shareholders.Most accounts from Algonquin Power's cash flow statement are interrelated and interconnected. However, analyzing cash flow statement accounts one by one will only give a small insight into Algonquin Power Utilities current financial condition. On the other hand, looking into the entire matrix of cash flow statement 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Algonquin Power Utilities. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in producer price index. At this time, Algonquin Power's Net Borrowings is very stable compared to the past year. As of the 25th of November 2024, Change To Account Receivables is likely to grow to about 4.1 M, though Change In Cash is likely to grow to (23.8 M).
| 2021 | 2022 | 2023 | 2024 (projected) | Stock Based Compensation | 8.4M | 10.9M | 10.4M | 7.7M | Dividends Paid | 316.1M | 387.3M | 330.8M | 347.4M |
Algonquin Power cash flow statement Correlations
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Algonquin Power Account Relationship Matchups
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Algonquin Power cash flow statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change In Cash | 21.5M | 42.7M | 31.4M | (60.2M) | (25.0M) | (23.8M) | |
| Free Cash Flow | 29.9M | (280.8M) | (1.2B) | (469.9M) | (398.1M) | (378.2M) | |
| Change In Working Capital | 60.3M | (77.5M) | (522.0M) | (221.6M) | (86.3M) | (82.0M) | |
| Begin Period Cash Flow | 65.8M | 87.3M | 130.0M | 161.4M | 101.2M | 106.2M | |
| Other Cashflows From Financing Activities | 3.6B | 3.4B | 13.9B | 16.9B | 3.1B | 2.0B | |
| Depreciation | 284.3M | 314.1M | 403.0M | 455.5M | 467.0M | 490.3M | |
| Other Non Cash Items | (283.0M) | (543.6M) | 133.1M | 751.8M | 346.8M | 364.2M | |
| Capital Expenditures | 581.3M | 786.0M | 1.3B | 1.1B | 1.0B | 1.1B | |
| Total Cash From Operating Activities | 611.3M | 505.2M | 157.5M | 619.1M | 628.0M | 659.4M | |
| Net Income | 485.0M | 727.8M | 185.7M | (308.2M) | (33.3M) | (31.6M) | |
| Total Cash From Financing Activities | 733.4M | 766.9M | 1.7B | 1.1B | 442.8M | 379.8M | |
| End Period Cash Flow | 87.3M | 130.0M | 161.4M | 101.2M | 76.1M | 45.7M | |
| Sale Purchase Of Stock | (5.3M) | (5.3M) | (3.4M) | (4.7M) | (14.5M) | (13.8M) | |
| Dividends Paid | 204.9M | 262.2M | 316.1M | 387.3M | 330.8M | 347.4M | |
| Stock Based Compensation | 11.0M | 24.6M | 8.4M | 10.9M | 10.4M | 7.7M | |
| Change To Inventory | 8.0M | 1.3M | (43.2M) | (45.2M) | (2.2M) | (2.3M) | |
| Investments | (1.3B) | (264.4M) | (622.1M) | (1.8B) | (1.1B) | (1.0B) | |
| Net Borrowings | 566.8M | 311.2M | (61.0M) | 1.4B | 1.6B | 1.6B | |
| Total Cashflows From Investing Activities | (1.3B) | (1.2B) | (1.8B) | (1.8B) | (1.6B) | (1.5B) | |
| Change To Account Receivables | (20.9M) | (52.8M) | (56.8M) | (124.6M) | 3.9M | 4.1M | |
| Change To Operating Activities | (3.4M) | (67.3M) | (390.0M) | (74.0M) | (66.6M) | (63.2M) | |
| Other Cashflows From Investing Activities | (16.7M) | (21.4M) | (43.3M) | (26.5M) | (23.9M) | (25.1M) | |
| Change To Netincome | (264.2M) | (513.9M) | 11.7M | 597.2M | 686.8M | 721.1M | |
| Change To Liabilities | 63.9M | 40.9M | (33.4M) | 24.4M | 28.1M | 29.5M | |
| Issuance Of Capital Stock | 362.4M | 820.8M | 985.6M | 43.5M | 5.2M | 5.0M |
Pair Trading with Algonquin Power
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 Algonquin Power 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 Algonquin Power will appreciate offsetting losses from the drop in the long position's value.Moving together with Algonquin Stock
Moving against Algonquin Stock
| 0.79 | NRGV | Energy Vault Holdings Buyout Trend | PairCorr |
| 0.78 | GEV | GE Vernova LLC Downward Rally | PairCorr |
| 0.77 | WAVE | Eco Wave Power Upward Rally | PairCorr |
| 0.75 | ELLO | Ellomay Capital | PairCorr |
| 0.71 | ORA | Ormat Technologies | PairCorr |
The ability to find closely correlated positions to Algonquin Power could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Algonquin Power 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 Algonquin Power - 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 Algonquin Power Utilities to buy it.
The correlation of Algonquin Power 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 Algonquin Power moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Algonquin Power Utilities 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 Algonquin Power 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.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Algonquin Power Utilities. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in producer price index. You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
Is Multi-Utilities space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Algonquin Power. If investors know Algonquin will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Algonquin Power listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 1.998 | Dividend Share 0.391 | Earnings Share 0.54 | Revenue Per Share 3.671 | Quarterly Revenue Growth 0.015 |
The market value of Algonquin Power Utilities is measured differently than its book value, which is the value of Algonquin that is recorded on the company's balance sheet. Investors also form their own opinion of Algonquin Power's value that differs from its market value or its book value, called intrinsic value, which is Algonquin Power's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Algonquin Power's market value can be influenced by many factors that don't directly affect Algonquin Power's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Algonquin Power's value and its price as these two are different measures arrived at by different means. Investors typically determine if Algonquin Power is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Algonquin Power's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.