Algoma Pb Ratio vs Capex To Depreciation Analysis
ALC Stock | CAD 14.43 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 Pb Ratio and its Capex To Depreciation 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.
Pb Ratio vs Capex To Depreciation
Pb Ratio vs Capex To Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Algoma Central Pb Ratio account and Capex To Depreciation. At this time, the significance of the direction appears to have strong relationship.
The correlation between Algoma Central's Pb Ratio and Capex To Depreciation is 0.69. Overlapping area represents the amount of variation of Pb Ratio that can explain the historical movement of Capex To Depreciation 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 Pb Ratio and Capex To Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Pb Ratio of Algoma Central are associated (or correlated) with its Capex To Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capex To Depreciation has no effect on the direction of Pb Ratio i.e., Algoma Central's Pb Ratio and Capex To Depreciation go up and down completely randomly.
Correlation Coefficient | 0.69 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Pb Ratio
Capex To Depreciation
The ratio of a company's capital expenditures to its depreciation expenses, indicating how much the company is investing in physical assets relative to the aging of existing assets.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 23rd of May 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 |
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 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. Note that the Algoma Central information on this page should be used as a complementary analysis to other Algoma Central'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 Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Complementary Tools for Algoma Stock analysis
When running Algoma Central's price analysis, check to measure Algoma Central'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 Algoma Central is operating at the current time. Most of Algoma Central's value examination focuses on studying past and present price action to predict the probability of Algoma Central's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Algoma Central's price. Additionally, you may evaluate how the addition of Algoma Central to your portfolios can decrease your overall portfolio volatility.
Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities | |
Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas | |
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 | |
Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios. | |
Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. | |
Stocks Directory Find actively traded stocks across global markets | |
Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities | |
Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals |