Innergex Historical Cash Flow
| INE Stock | CAD 7.28 0.14 1.96% |
Analysis of Innergex Renewable cash flow over time is an excellent tool to project Innergex Renewable Energy 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 37.4 M or Depreciation of 436.3 M as it is a great indicator of Innergex Renewable ability to facilitate future growth, repay debt on time or pay out dividends.
Financial Statement Analysis is much more than just reviewing and examining Innergex Renewable Energy 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 Innergex Renewable Energy is a good buy for the upcoming year.
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About Innergex Cash Flow Analysis
The Cash Flow Statement is a financial statement that shows how changes in Innergex 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 Innergex's non-liquid assets can be easily converted into cash.
Innergex Renewable Cash Flow Chart
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Begin Period Cash Flow
The amount of cash a company has at the beginning of a financial reporting period. It serves as the starting point for calculating the period's cash flow from operations, investing, and financing activities.Total Cashflows From Investing Activities
The net amount of cash used in or generated from a company's investment activities, such as purchasing or selling assets, during a reporting period.Dividends Paid
The total amount of dividends that a company has paid out to its shareholders over a specific period.Capital Expenditures
Capital Expenditures are funds used by Innergex Renewable Energy to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Innergex Renewable operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.Most accounts from Innergex Renewable's cash flow statement are interrelated and interconnected. However, analyzing cash flow statement accounts one by one will only give a small insight into Innergex Renewable Energy 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Innergex Renewable 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, Innergex Renewable's Total Cash From Operating Activities is very stable compared to the past year. As of the 1st of February 2025, End Period Cash Flow is likely to grow to about 192.3 M, though Sale Purchase Of Stock is likely to grow to (6.4 M).
| 2022 | 2023 | 2024 | 2025 (projected) | Capital Expenditures | 151.3M | 687.2M | 790.3M | 829.8M | Dividends Paid | 149.2M | 150.1M | 172.6M | 181.3M |
Innergex Renewable cash flow statement Correlations
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Innergex Renewable Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Innergex Renewable cash flow statement Accounts
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 (projected) | ||
| Sale Purchase Of Stock | (6.0M) | (11.3M) | (4.4M) | (7.4M) | (6.7M) | (6.4M) | |
| Investments | (725.6M) | (667.1M) | (635.8M) | (432.6M) | (389.3M) | (408.8M) | |
| Change In Cash | 5.2M | 4.8M | (3.3M) | (3.7M) | (4.3M) | (4.1M) | |
| Net Borrowings | 509.2M | (11.1M) | 118.0M | 228.2M | 262.5M | 250.0M | |
| Free Cash Flow | (283.5M) | 14.9M | 278.9M | (389.3M) | (350.4M) | (332.9M) | |
| Begin Period Cash Flow | 156.2M | 161.5M | 166.3M | 163.0M | 187.4M | 196.8M | |
| Total Cashflows From Investing Activities | (549.0M) | (725.6M) | (667.1M) | (635.8M) | (572.2M) | (600.8M) | |
| Other Cashflows From Financing Activities | (18.2M) | 174.4M | (123.6M) | 39.6M | 35.6M | 37.4M | |
| Depreciation | 228.5M | 255.6M | 336.1M | 361.3M | 415.5M | 436.3M | |
| Other Non Cash Items | 233.9M | 256.8M | 270.4M | 196.1M | 225.6M | 236.8M | |
| Dividends Paid | 119.0M | 131.4M | 149.2M | 150.1M | 172.6M | 181.3M | |
| Capital Expenditures | 518.6M | 250.6M | 151.3M | 687.2M | 790.3M | 829.8M | |
| Total Cash From Operating Activities | 235.1M | 265.5M | 430.2M | 297.9M | 342.5M | 359.7M | |
| Change To Account Receivables | (7.0M) | (4.0M) | (27.7M) | (44.1M) | (39.7M) | (37.7M) | |
| Change To Operating Activities | (1.5M) | (1.3M) | (5.5M) | (1.5M) | (1.3M) | (1.3M) | |
| Net Income | (29.1M) | (185.4M) | (91.1M) | (105.8M) | (95.2M) | (90.5M) | |
| Total Cash From Financing Activities | 492.5M | 414.1M | 133.2M | 333.3M | 383.3M | 275.9M | |
| End Period Cash Flow | 161.5M | 166.3M | 163.0M | 159.2M | 183.1M | 192.3M | |
| Other Cashflows From Investing Activities | (59.8M) | (12.8M) | 9.6M | (516.6M) | (464.9M) | (441.7M) | |
| Change To Netincome | 32.2M | 37.5M | 214.8M | 152.4M | 175.3M | 184.1M | |
| Change To Liabilities | 29.2M | 525K | (12.0M) | 14.7M | 16.9M | 17.7M | |
| Change In Working Capital | (7.8M) | (21.5M) | (14.5M) | (33.4M) | (30.1M) | (28.6M) | |
| Stock Based Compensation | 3.3M | 3.3M | 3.2M | 1.3M | 1.5M | 1.4M | |
| Change To Inventory | (525K) | 12.0M | (14.7M) | (22.2M) | (19.9M) | (18.9M) |
Pair Trading with Innergex Renewable
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 Innergex Renewable 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 Innergex Renewable will appreciate offsetting losses from the drop in the long position's value.Moving against Innergex Stock
| 0.81 | STC | Sangoma Technologies Corp Earnings Call This Week | PairCorr |
| 0.79 | PPL-PA | Pembina Pipeline Corp | PairCorr |
| 0.75 | AMZN | Amazon CDR | PairCorr |
| 0.7 | JPM | JPMorgan Chase | PairCorr |
| 0.7 | SPRX | Sparx Technology | PairCorr |
The ability to find closely correlated positions to Innergex Renewable could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Innergex Renewable 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 Innergex Renewable - 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 Innergex Renewable Energy to buy it.
The correlation of Innergex Renewable 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 Innergex Renewable moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Innergex Renewable 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 Innergex Renewable 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.Other Information on Investing in Innergex Stock
The Cash Flow Statement is a financial statement that shows how changes in Innergex 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 Innergex's non-liquid assets can be easily converted into cash.