Kingsway Intangible Assets vs Short Long Term Debt 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 Intangible Assets and its Short Long Term Debt 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.
Intangible Assets vs Short Long Term Debt
Intangible Assets vs Short Long Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Kingsway Financial Intangible Assets account and Short Long Term Debt. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Kingsway Financial's Intangible Assets and Short Long Term Debt is 0.19. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Short Long Term Debt 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 Intangible Assets and Short Long Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Intangible Assets of Kingsway Financial Services are associated (or correlated) with its Short Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Long Term Debt has no effect on the direction of Intangible Assets i.e., Kingsway Financial's Intangible Assets and Short Long Term Debt go up and down completely randomly.
Correlation Coefficient | 0.19 |
| Relationship Direction | Positive |
| Relationship Strength | Insignificant |
Intangible Assets
Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.Short Long Term Debt
The total of a company’s short-term and long-term borrowings.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 |
Kingsway Financial fundamental ratios Correlations
Click cells to compare fundamentals
Kingsway Financial Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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.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 Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
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.