Kingsway Current Deferred Revenue vs Net Receivables Analysis

KFS Stock

USD 8.00 0.01 0.13%

Kingsway Financial financial indicator trend analysis is infinitely more than just investigating Kingsway Financial recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Kingsway Financial is a good investment. Please check the relationship between Kingsway Financial Current Deferred Revenue and its Net Receivables accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kingsway Financial 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 census.

Current Deferred Revenue vs Net Receivables

Current Deferred Revenue vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Kingsway Financial Current Deferred Revenue account and Net Receivables. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Kingsway Financial's Current Deferred Revenue and Net Receivables is -0.19. Overlapping area represents the amount of variation of Current Deferred Revenue that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Kingsway Financial Services, assuming nothing else is changed. The correlation between historical values of Kingsway Financial's Current Deferred Revenue and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Current Deferred Revenue of Kingsway Financial Services are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Current Deferred Revenue i.e., Kingsway Financial's Current Deferred Revenue and Net Receivables go up and down completely randomly.

Correlation Coefficient

-0.19

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Current Deferred Revenue

Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.

Net Receivables

Most indicators from Kingsway Financial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Kingsway Financial 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kingsway Financial 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 census.

At this time, Kingsway Financial's Selling General Administrative is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 43.19 in 2024, whereas Tax Provision is likely to drop (2 M) in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	87.7M	90.6M	42.5M	40.4M
Total Revenue	94.8M	114.7M	109.3M	103.8M

Gross Profit Total Revenue

Kingsway Financial fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Property Plant And Equipment Net	Retained Earnings	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Net Receivables	Common Stock Shares Outstanding	Other Stockholder Equity	Total Current Assets	Intangible Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Net Debt	Total Liab	Short Term Debt	Other Liab	Net Tangible Assets	Accounts Payable	Cash	Long Term Debt	Good Will	Common Stock Total Equity	Retained Earnings Total Equity
Total Assets		0.08	0.76	-0.54	0.7	-0.28	0.01	0.3	0.36	0.39	0.25	0.84	0.63	0.13	-0.21	0.52	0.98	0.14	0.56	-0.62	-0.39	0.05	0.69	0.42	0.37	-0.41
Total Stockholder Equity	0.08		-0.31	0.41	-0.31	-0.76	0.76	0.66	-0.47	-0.38	0.73	-0.3	-0.45	0.53	-0.12	-0.53	-0.09	-0.29	-0.43	0.61	-0.4	0.64	-0.42	-0.68	-0.44	0.66
Property Plant And Equipment Net	0.76	-0.31		-0.44	0.79	0.24	-0.59	-0.26	0.44	0.36	-0.36	0.87	0.9	-0.23	0.13	0.88	0.83	0.2	0.38	-0.86	-0.26	-0.5	0.98	0.79	0.45	-0.44
Retained Earnings	-0.54	0.41	-0.44		-0.47	-0.1	0.22	0.14	-0.82	-0.58	0.11	-0.65	-0.46	0.09	0.33	-0.41	-0.6	0.03	-0.87	0.6	-0.07	0.18	-0.37	-0.39	-0.73	0.91
Non Current Assets Total	0.7	-0.31	0.79	-0.47		0.01	-0.35	-0.18	0.44	0.62	-0.26	0.8	0.51	-0.53	-0.44	0.52	0.73	0.29	0.53	-0.82	-0.02	-0.41	0.77	0.77	0.44	-0.46
Non Currrent Assets Other	-0.28	-0.76	0.24	-0.1	0.01		-0.88	-0.74	0.19	-0.11	-0.77	0.13	0.48	-0.38	0.58	0.57	-0.15	0.17	-0.05	-0.49	0.33	-0.66	0.37	0.55	0.03	-0.22
Other Assets	0.01	0.76	-0.59	0.22	-0.35	-0.88		0.77	-0.34	-0.14	0.85	-0.41	-0.68	0.51	-0.45	-0.77	-0.13	-0.2	-0.09	0.69	-0.13	0.81	-0.67	-0.76	-0.26	0.36
Net Receivables	0.3	0.66	-0.26	0.14	-0.18	-0.74	0.77		-0.46	-0.03	0.93	-0.07	-0.36	0.63	-0.31	-0.5	0.19	-0.01	0.04	0.45	-0.58	0.86	-0.31	-0.64	-0.33	0.25
Common Stock Shares Outstanding	0.36	-0.47	0.44	-0.82	0.44	0.19	-0.34	-0.46		0.56	-0.37	0.45	0.44	-0.26	-0.23	0.45	0.44	-0.05	0.63	-0.58	0.34	-0.41	0.36	0.52	0.83	-0.79
Other Stockholder Equity	0.39	-0.38	0.36	-0.58	0.62	-0.11	-0.14	-0.03	0.56		0.0	0.39	0.15	-0.2	-0.63	0.13	0.45	0.24	0.67	-0.42	0.0	-0.03	0.3	0.34	0.47	-0.65
Total Current Assets	0.25	0.73	-0.36	0.11	-0.26	-0.77	0.85	0.93	-0.37	0.0		-0.2	-0.43	0.73	-0.34	-0.59	0.12	-0.1	0.0	0.51	-0.45	0.96	-0.43	-0.71	-0.37	0.29
Intangible Assets	0.84	-0.3	0.87	-0.65	0.8	0.13	-0.41	-0.07	0.45	0.39	-0.2		0.78	-0.21	-0.1	0.74	0.89	0.23	0.58	-0.86	-0.15	-0.35	0.84	0.7	0.47	-0.6
Short Long Term Debt Total	0.63	-0.45	0.9	-0.46	0.51	0.48	-0.68	-0.36	0.44	0.15	-0.43	0.78		-0.09	0.45	0.98	0.73	0.16	0.34	-0.83	-0.18	-0.53	0.91	0.76	0.43	-0.48
Other Current Liab	0.13	0.53	-0.23	0.09	-0.53	-0.38	0.51	0.63	-0.26	-0.2	0.73	-0.21	-0.09		0.23	-0.24	0.09	-0.28	-0.16	0.46	-0.47	0.79	-0.31	-0.66	-0.25	0.19
Total Current Liabilities	-0.21	-0.12	0.13	0.33	-0.44	0.58	-0.45	-0.31	-0.23	-0.63	-0.34	-0.1	0.45	0.23		0.47	-0.15	-0.06	-0.48	-0.02	-0.11	-0.29	0.19	0.1	-0.24	0.28
Net Debt	0.52	-0.53	0.88	-0.41	0.52	0.57	-0.77	-0.5	0.45	0.13	-0.59	0.74	0.98	-0.24	0.47		0.63	0.18	0.29	-0.85	-0.08	-0.68	0.91	0.83	0.45	-0.46
Total Liab	0.98	-0.09	0.83	-0.6	0.73	-0.15	-0.13	0.19	0.44	0.45	0.12	0.89	0.73	0.09	-0.15	0.63		0.14	0.59	-0.71	-0.34	-0.05	0.77	0.52	0.45	-0.53
Short Term Debt	0.14	-0.29	0.2	0.03	0.29	0.17	-0.2	-0.01	-0.05	0.24	-0.1	0.23	0.16	-0.28	-0.06	0.18	0.14		0.22	-0.3	0.28	-0.17	0.28	0.26	-0.07	-0.05
Other Liab	0.56	-0.43	0.38	-0.87	0.53	-0.05	-0.09	0.04	0.63	0.67	0.0	0.58	0.34	-0.16	-0.48	0.29	0.59	0.22		-0.53	-0.02	-0.09	0.35	0.36	0.67	-0.87
Net Tangible Assets	-0.62	0.61	-0.86	0.6	-0.82	-0.49	0.69	0.45	-0.58	-0.42	0.51	-0.86	-0.83	0.46	-0.02	-0.85	-0.71	-0.3	-0.53		-0.09	0.62	-0.9	-0.92	-0.48	0.6
Accounts Payable	-0.39	-0.4	-0.26	-0.07	-0.02	0.33	-0.13	-0.58	0.34	0.0	-0.45	-0.15	-0.18	-0.47	-0.11	-0.08	-0.34	0.28	-0.02	-0.09		-0.37	-0.22	0.21	0.14	-0.11
Cash	0.05	0.64	-0.5	0.18	-0.41	-0.66	0.81	0.86	-0.41	-0.03	0.96	-0.35	-0.53	0.79	-0.29	-0.68	-0.05	-0.17	-0.09	0.62	-0.37		-0.55	-0.8	-0.43	0.3
Long Term Debt	0.69	-0.42	0.98	-0.37	0.77	0.37	-0.67	-0.31	0.36	0.3	-0.43	0.84	0.91	-0.31	0.19	0.91	0.77	0.28	0.35	-0.9	-0.22	-0.55		0.85	0.38	-0.41
Good Will	0.42	-0.68	0.79	-0.39	0.77	0.55	-0.76	-0.64	0.52	0.34	-0.71	0.7	0.76	-0.66	0.1	0.83	0.52	0.26	0.36	-0.92	0.21	-0.8	0.85		0.46	-0.48
Common Stock Total Equity	0.37	-0.44	0.45	-0.73	0.44	0.03	-0.26	-0.33	0.83	0.47	-0.37	0.47	0.43	-0.25	-0.24	0.45	0.45	-0.07	0.67	-0.48	0.14	-0.43	0.38	0.46		-0.8
Retained Earnings Total Equity	-0.41	0.66	-0.44	0.91	-0.46	-0.22	0.36	0.25	-0.79	-0.65	0.29	-0.6	-0.48	0.19	0.28	-0.46	-0.53	-0.05	-0.87	0.6	-0.11	0.3	-0.41	-0.48	-0.8

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Kingsway Financial Account Relationship Matchups

Kingsway Financial fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	357.3M	452.5M	475.6M	285.7M	206.7M	196.4M
Total Stockholder Equity	19.2M	4.5M	773K	21.7M	27.7M	26.3M
Retained Earnings	(381.2M)	(394.8M)	(395.1M)	(370.4M)	(346.9M)	(329.5M)
Non Current Assets Total	309.2M	361.8M	386.8M	80.3M	93.8M	138.9M
Non Currrent Assets Other	(17.8M)	(27.6M)	(28.6M)	(60.9M)	(45.7M)	(48.0M)
Other Assets	20.4M	55.8M	55.5M	130.7M	93.6M	88.9M
Net Receivables	13.3M	20.3M	20.6M	14.0M	13.0M	12.4M
Common Stock Shares Outstanding	21.7M	22.2M	22.5M	25.3M	26.4M	16.8M
Liabilities And Stockholders Equity	357.3M	452.5M	475.6M	285.7M	206.7M	196.4M
Other Stockholder Equity	353.9M	354.8M	358.6M	359.5M	178.4M	184.2M
Total Current Assets	27.7M	34.8M	33.4M	74.6M	19.3M	18.4M
Intangible Assets	83.8M	84.1M	108.2M	33.1M	35.7M	61.2M
Short Long Term Debt Total	236.5M	271.5M	295.2M	103.3M	45.6M	43.3M
Other Current Liab	(47.1M)	(87.9M)	(89.2M)	(3.2M)	(84.0M)	(88.2M)
Total Current Liabilities	2.4M	2.9M	294K	2.2M	504K	478.8K
Net Debt	204.6M	257.1M	282.6M	39.1M	28.1M	26.7M
Total Liab	332.5M	387.0M	413.0M	263.5M	182.1M	173.0M
Accumulated Other Comprehensive Income	40.5M	38.1M	30.8M	26.6M	(1.5M)	(1.5M)
Other Liab	86.5M	116.9M	117.8M	86.9M	78.2M	74.3M
Net Tangible Assets	(160.8M)	(207.3M)	(224.2M)	(56.9M)	(51.2M)	(53.8M)
Noncontrolling Interest In Consolidated Entity	11.8M	13.1M	14.0M	437K	502.6K	477.4K
Accounts Payable	2.8M	2.0M	47.9M	56.7M	51.1M	39.1M
Cash	31.9M	14.4M	12.6M	64.2M	17.5M	16.6M
Long Term Debt	258.5M	268.3M	292.7M	34.3M	44.4M	42.2M
Good Will	73.9M	121.1M	110.2M	45.5M	50.4M	53.9M
Retained Earnings Total Equity	(382.2M)	(388.1M)	(395.1M)	(370.4M)	(333.4M)	(316.7M)
Other Current Assets	(45.1M)	(66.1M)	(39.2M)	(92.6M)	(30.7M)	(29.1M)
Deferred Long Term Liab	75.7M	85.3M	28.6M	4.2M	4.8M	4.6M
Long Term Investments	56.7M	58.6M	57.5M	58.1M	41.9M	45.3M
Property Plant Equipment	99.1M	98.0M	110.8M	773K	889.0K	844.5K
Cash And Short Term Investments	32.1M	14.5M	12.8M	64.3M	17.7M	16.8M

Pair Trading with Kingsway Financial

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

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

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

When determining whether Kingsway Financial is a strong investment it is important to analyze Kingsway Financial's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Kingsway Financial's future performance. For an informed investment choice regarding Kingsway Stock, refer to the following important reports:

How To Invest In Kingsway

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Is Kingsway Stock a good investment?

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What is Kingsway Financial's Net Worth?

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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kingsway Financial 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 census.

Note that the Kingsway Financial information on this page should be used as a complementary analysis to other Kingsway Financial's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.

Complementary Tools for Kingsway Stock analysis

When running Kingsway Financial's price analysis, check to measure Kingsway Financial'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 Kingsway Financial is operating at the current time. Most of Kingsway Financial's value examination focuses on studying past and present price action to predict the probability of Kingsway Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kingsway Financial's price. Additionally, you may evaluate how the addition of Kingsway Financial to your portfolios can decrease your overall portfolio volatility.

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Is Kingsway Financial's industry 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 Kingsway Financial. If investors know Kingsway 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 Kingsway Financial listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Earnings Share

(0.26)

Revenue Per Share

4.068

Quarterly Revenue Growth

(0.06)

Return On Assets

0.0037

Return On Equity

(0.19)

The market value of Kingsway Financial is measured differently than its book value, which is the value of Kingsway that is recorded on the company's balance sheet. Investors also form their own opinion of Kingsway Financial's value that differs from its market value or its book value, called intrinsic value, which is Kingsway Financial'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 Kingsway Financial's market value can be influenced by many factors that don't directly affect Kingsway Financial'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 Kingsway Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if Kingsway Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Kingsway Financial'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.

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Kingsway Current Deferred Revenue vs Net Receivables Analysis

Current Deferred Revenue vs Net Receivables

Current Deferred Revenue vs Net Receivables Correlation Analysis

Correlation Coefficient

Current Deferred Revenue

Net Receivables

Kingsway Financial fundamental ratios Correlations

Kingsway Financial Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Kingsway Financial fundamental ratios Accounts

Pair Trading with Kingsway Financial

Complementary Tools for Kingsway Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 0.98	Total Assets
Long Term Debt	+ 0.98	Property Plant And Equipment Net
Net Debt	+ 0.98	Short Long Term Debt Total
Cash	+ 0.96	Total Current Assets
Total Current Assets	+ 0.93	Net Receivables
Retained Earnings Total Equity	+ 0.91	Retained Earnings

Good Will	- 0.92	Net Tangible Assets
Long Term Debt	- 0.9	Net Tangible Assets
Other Assets	- 0.88	Non Currrent Assets Other
Retained Earnings Total Equity	- 0.87	Other Liab
Other Liab	- 0.87	Retained Earnings
Net Tangible Assets	- 0.86	Intangible Assets