Calfrac Total Current Assets vs Cash Analysis
CFW Stock | CAD 4.10 0.04 0.99% |
Calfrac Well financial indicator trend analysis is way more than just evaluating Calfrac Well Services prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Calfrac Well Services is a good investment. Please check the relationship between Calfrac Well Total Current Assets and its Cash accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Calfrac Well Services. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
Total Current Assets vs Cash
Total Current Assets vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Calfrac Well Services Total Current Assets account and Cash. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Calfrac Well's Total Current Assets and Cash is 0.42. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Cash in the same time period over historical financial statements of Calfrac Well Services, assuming nothing else is changed. The correlation between historical values of Calfrac Well's Total Current Assets and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Assets of Calfrac Well Services are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Total Current Assets i.e., Calfrac Well's Total Current Assets and Cash go up and down completely randomly.
Correlation Coefficient | 0.42 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.Cash
Cash refers to the most liquid asset of Calfrac Well Services, which is listed under current asset account on Calfrac Well Services balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Calfrac Well customers. The amounts must be unrestricted with restricted cash listed in a different Calfrac Well account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.Most indicators from Calfrac Well's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Calfrac Well Services 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Calfrac Well Services. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. At this time, Calfrac Well's Issuance Of Capital Stock is very stable compared to the past year. As of the 20th of May 2024, Enterprise Value is likely to grow to about 956.7 M, while Selling General Administrative is likely to drop about 49.8 M.
2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 45.6M | 62.2M | 1.7B | 1.8B | Cost Of Revenue | 1.0B | 1.3B | 1.6B | 830.2M |
Calfrac Well fundamental ratios Correlations
Click cells to compare fundamentals
Calfrac Well Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Calfrac Well fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.5B | 912.5M | 893.0M | 995.8M | 1.1B | 976.7M | |
Short Long Term Debt Total | 1.0B | 346.6M | 410.4M | 354.9M | 408.1M | 403.8M | |
Total Current Liabilities | 157.2M | 109.7M | 136.8M | 203.7M | 234.3M | 129.7M | |
Total Stockholder Equity | 368.6M | 410.2M | 328.8M | 423.0M | 486.4M | 399.5M | |
Property Plant And Equipment Net | 999.7M | 641.3M | 585.4M | 566.4M | 651.3M | 631.8M | |
Net Debt | 965.1M | 316.8M | 431.0M | 346.4M | 398.4M | 354.6M | |
Retained Earnings | (185.2M) | (509.4M) | (592.2M) | (580.5M) | (522.5M) | (496.4M) | |
Accounts Payable | 143.2M | 101.8M | 127.4M | 171.6M | 197.3M | 115.7M | |
Cash | 42.6M | 29.8M | (20.6M) | 8.5M | 9.8M | 9.3M | |
Non Current Assets Total | 1.1B | 641.3M | 585.4M | 581.4M | 668.6M | 664.8M | |
Cash And Short Term Investments | 42.6M | 29.8M | (20.6M) | 8.5M | 9.8M | 9.3M | |
Net Receivables | 218.3M | 141.0M | 192.7M | 238.8M | 274.6M | 178.3M | |
Common Stock Shares Outstanding | 2.9M | 54.2M | 86.7M | 84.6M | 97.3M | 102.2M | |
Liabilities And Stockholders Equity | 1.5B | 912.5M | 893.0M | 995.8M | 1.1B | 978.0M | |
Non Current Liabilities Total | 1.0B | 392.5M | 427.3M | 369.1M | 424.4M | 448.7M | |
Inventory | 127.6M | 83.3M | 101.8M | 108.9M | 125.2M | 70.5M | |
Other Stockholder Equity | 41.8M | 109.2M | 110.8M | 106.9M | 122.9M | 129.1M | |
Total Liab | 1.2B | 502.2M | 564.1M | 572.8M | 658.7M | 578.5M | |
Property Plant And Equipment Gross | 999.7M | 641.3M | 2.6B | 2.7B | 3.1B | 3.2B | |
Total Current Assets | 405.9M | 271.2M | 307.5M | 414.4M | 476.5M | 311.9M | |
Accumulated Other Comprehensive Income | 2.7M | 10.3M | 9.1M | 31.5M | 36.3M | 38.1M | |
Short Term Debt | 13.9M | 8.0M | 9.4M | 12.3M | 14.1M | 9.9M | |
Common Stock Total Equity | 501.5M | 508.3M | 509.2M | 800.2M | 920.2M | 966.2M | |
Common Stock | 509.2M | 800.2M | 801.2M | 865.1M | 994.8M | 523.2M | |
Other Liab | 6.5M | 53.8M | 26.3M | 26.5M | 23.8M | 22.6M | |
Net Tangible Assets | 368.6M | 410.2M | 328.8M | 423.0M | 380.7M | 427.7M | |
Other Assets | 96.4M | 120.3M | 0.0 | 15M | 17.3M | 16.4M | |
Long Term Debt | 976.7M | 324.6M | 388.5M | 329.2M | 296.3M | 581.5M | |
Property Plant Equipment | 999.7M | 641.3M | 585.4M | 566.4M | 509.7M | 802.2M | |
Long Term Debt Total | 993.7M | 338.6M | 401.0M | 342.6M | 308.4M | 593.7M | |
Capital Surpluse | 44.3M | 66.0M | 68.3M | 70.1M | 80.7M | 53.4M | |
Capital Lease Obligations | 30.9M | 22.0M | 20.6M | 23.2M | 26.7M | 15.5M | |
Cash And Equivalents | 42.6M | 29.8M | 0.0 | 8.5M | 7.6M | 7.3M | |
Net Invested Capital | 1.3B | 734.9M | 718.7M | 754.7M | 679.2M | 876.8M |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out Trending Equities to better understand how to build diversified portfolios, which includes a position in Calfrac Well Services. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
Complementary Tools for Calfrac Stock analysis
When running Calfrac Well's price analysis, check to measure Calfrac Well's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Calfrac Well is operating at the current time. Most of Calfrac Well's value examination focuses on studying past and present price action to predict the probability of Calfrac Well's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Calfrac Well's price. Additionally, you may evaluate how the addition of Calfrac Well to your portfolios can decrease your overall portfolio volatility.
Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas | |
Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules |