Algoma Invested Capital vs Pb Ratio Analysis
ALC Stock | CAD 14.14 0.03 0.21% |
Algoma Central financial indicator trend analysis is way more than just evaluating Algoma Central prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Algoma Central is a good investment. Please check the relationship between Algoma Central Invested Capital and its Pb Ratio accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Algoma Central. 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.
Invested Capital vs Pb Ratio
Invested Capital vs Pb Ratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Algoma Central Invested Capital account and Pb Ratio. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Algoma Central's Invested Capital and Pb Ratio is -0.35. Overlapping area represents the amount of variation of Invested Capital that can explain the historical movement of Pb Ratio in the same time period over historical financial statements of Algoma Central, assuming nothing else is changed. The correlation between historical values of Algoma Central's Invested Capital and Pb Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Invested Capital of Algoma Central are associated (or correlated) with its Pb Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Pb Ratio has no effect on the direction of Invested Capital i.e., Algoma Central's Invested Capital and Pb Ratio go up and down completely randomly.
Correlation Coefficient | -0.35 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Invested Capital
Invested capital represents the total cash investment that shareholders and debt holders have contributed to Algoma Central. There are two different methods for calculating Algoma Central invested capital: operating approach and financing approach. Understanding Algoma Central invested capital allows investors to calculate measures of performance such as return on invested capital or return on capital employed.Pb Ratio
Most indicators from Algoma Central's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Algoma Central 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 Algoma Central. 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, Algoma Central's Discontinued Operations is very stable compared to the past year. As of the 5th of June 2024, Enterprise Value Over EBITDA is likely to grow to 6.87, while Selling General Administrative is likely to drop about 26.9 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 531.0M | 612.5M | 655.2M | 687.9M | Total Revenue | 598.9M | 677.9M | 721.2M | 499.6M |
Algoma Central fundamental ratios Correlations
Click cells to compare fundamentals
Algoma Central Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Algoma Central fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.1B | 1.2B | 1.2B | 1.4B | 1.3B | 829.0M | |
Other Current Liab | 28.6M | 107.2M | 5.9M | 60.4M | 69.4M | 72.9M | |
Total Current Liabilities | 156.8M | 179.3M | 84.5M | 150.8M | 147.2M | 103.8M | |
Total Stockholder Equity | 660.4M | 560.6M | 640.3M | 726.0M | 778.3M | 484.0M | |
Property Plant And Equipment Net | 840.0M | 841.9M | 819.6M | 859.9M | 891.7M | 560.2M | |
Net Debt | 316.4M | 287.2M | 283.3M | 260.8M | 344.2M | 361.4M | |
Retained Earnings | 674.8M | 582.0M | 660.2M | 719.5M | 769.4M | 469.1M | |
Accounts Payable | 60.7M | 70.9M | 77.2M | 83.5M | 70.3M | 58.4M | |
Cash | 18.9M | 103.9M | 108.9M | 142.0M | 32.8M | 31.2M | |
Non Current Assets Total | 1.0B | 1.0B | 1.0B | 1.1B | 1.2B | 650.0M | |
Non Currrent Assets Other | 38.9M | 38.7M | 26.9M | 38.6M | 91K | 86.5K | |
Cash And Short Term Investments | 18.9M | 103.9M | 108.9M | 142.0M | 163.3M | 82.3M | |
Net Receivables | 75.6M | 69.7M | 60.6M | 69.1M | 44.0M | 72.1M | |
Common Stock Shares Outstanding | 42.2M | 42.0M | 42.9M | 42.9M | 38.6M | 44.6M | |
Liabilities And Stockholders Equity | 1.1B | 1.2B | 1.2B | 1.4B | 1.6B | 803.3M | |
Non Current Liabilities Total | 330.1M | 483.2M | 475.3M | 488.8M | 418.7M | 239.7M | |
Inventory | 10.6M | 8.9M | 12.5M | 19.1M | 15.8M | 9.9M | |
Other Current Assets | 9K | 6.3M | 8.6M | 20.2M | 23.2M | 13.9M | |
Other Stockholder Equity | 3.5M | 3.3M | 3.3M | 2.9M | 2.6M | 2.4M | |
Total Liab | 487.0M | 662.5M | 559.8M | 639.7M | 565.8M | 343.4M | |
Property Plant And Equipment Gross | 840.0M | 841.9M | 1.3B | 1.4B | 1.4B | 1.5B | |
Total Current Assets | 114.4M | 188.8M | 190.6M | 250.3M | 161.4M | 179.1M | |
Accumulated Other Comprehensive Income | (26.0M) | (32.8M) | (31.3M) | (8.1M) | (9.3M) | (9.8M) | |
Short Long Term Debt Total | 335.2M | 391.2M | 392.2M | 402.8M | 463.2M | 486.4M | |
Common Stock Total Equity | 19.0M | 17.1M | 9.3M | 9.1M | 10.5M | 14.7M | |
Common Stock | 8.2M | 8.1M | 8.1M | 11.7M | 13.5M | 9.3M | |
Short Term Debt | 80.1M | 337K | 282K | 5.3M | 6.1M | 5.8M | |
Other Liab | 75.0M | 92.3M | 83.4M | 91.4M | 105.1M | 84.6M | |
Net Tangible Assets | 649.2M | 552.7M | 632.4M | 718.1M | 825.8M | 690.8M | |
Other Assets | 38.9M | 38.7M | 26.9M | 29.4M | 33.8M | 42.0M | |
Long Term Debt | 254.8M | 390.5M | 391.5M | 397.2M | 316.4M | 318.1M | |
Long Term Investments | 142.8M | 145.8M | 155.1M | 209.0M | 260.9M | 274.0M | |
Short Long Term Debt | 80.1M | 143K | 150K | 5.2M | 60.7M | 64.6M | |
Property Plant Equipment | 840.0M | 841.9M | 819.6M | 851.0M | 978.7M | 789.3M | |
Long Term Debt Total | 255.1M | 390.8M | 391.9M | 397.5M | 457.1M | 332.7M | |
Capital Surpluse | 1.2M | 1.0M | 985K | 582K | 523.8K | 497.6K | |
Net Invested Capital | 995.3M | 951.2M | 1.0B | 1.1B | 1.2B | 1.1B | |
Net Working Capital | (42.4M) | 9.5M | 106.1M | 99.5M | 14.2M | 13.5M |
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Balance Sheet is a snapshot of the financial position of Algoma Central at a specified time, usually calculated after every quarter, six months, or one year. Algoma Central Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Algoma Central and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Algoma currently owns. An asset can also be divided into two categories, current and non-current.