Boralex Days Sales Outstanding vs Free Cash Flow Yield Analysis

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CAD 32.12 0.16 0.50%

Boralex financial indicator trend analysis is way more than just evaluating Boralex prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Boralex is a good investment. Please check the relationship between Boralex Days Sales Outstanding and its Free Cash Flow Yield accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Boralex. 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.

Days Sales Outstanding vs Free Cash Flow Yield

Days Sales Outstanding vs Free Cash Flow Yield Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Boralex Days Sales Outstanding account and Free Cash Flow Yield. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Boralex's Days Sales Outstanding and Free Cash Flow Yield is -0.22. Overlapping area represents the amount of variation of Days Sales Outstanding that can explain the historical movement of Free Cash Flow Yield in the same time period over historical financial statements of Boralex, assuming nothing else is changed. The correlation between historical values of Boralex's Days Sales Outstanding and Free Cash Flow Yield is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Days Sales Outstanding of Boralex are associated (or correlated) with its Free Cash Flow Yield. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow Yield has no effect on the direction of Days Sales Outstanding i.e., Boralex's Days Sales Outstanding and Free Cash Flow Yield go up and down completely randomly.

Correlation Coefficient

-0.22

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Days Sales Outstanding

Free Cash Flow Yield

A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.

Most indicators from Boralex's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Boralex 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 Boralex. 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, Boralex's Selling General Administrative is very stable compared to the past year. As of the 21st of May 2024, Tax Provision is likely to grow to about 41 M, while Discontinued Operations is likely to drop about 2.4 M.

	2021	2022	2023	2024 (projected)
Operating Income	182M	112M	246M	258.3M
Total Revenue	691M	836M	1.0B	1.1B

Operating Income Total Revenue

Boralex fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Non Current Liabilities Total	Inventory	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Common Stock	Other Current Assets	Short Term Debt	Intangible Assets
Common Stock Shares Outstanding		0.85	0.86	0.21	0.7	0.74	0.88	0.91	-0.47	0.69	0.58	0.86	0.62	0.64	0.78	0.85	0.89	0.46	-0.43	0.89	0.8	0.71	0.85	0.25	0.63	0.97
Total Assets	0.85		0.99	0.07	0.9	0.96	0.99	0.93	-0.18	0.55	0.87	1.0	0.66	0.89	0.98	0.99	0.98	0.66	-0.48	0.99	0.98	0.94	0.99	0.15	0.9	0.91
Short Long Term Debt Total	0.86	0.99		-0.01	0.84	0.9	1.0	0.96	-0.31	0.6	0.81	0.99	0.56	0.83	0.94	0.98	0.99	0.64	-0.5	1.0	0.95	0.89	0.98	0.17	0.87	0.92
Other Current Liab	0.21	0.07	-0.01		0.35	0.09	0.06	0.09	0.11	-0.12	-0.13	0.07	0.44	-0.08	0.1	-0.02	0.02	0.27	-0.17	0.07	0.03	0.07	-0.02	0.53	0.04	0.1
Total Current Liabilities	0.7	0.9	0.84	0.35		0.93	0.86	0.75	0.13	0.29	0.82	0.89	0.72	0.83	0.93	0.84	0.81	0.76	-0.44	0.86	0.89	0.93	0.84	0.31	0.94	0.75
Total Stockholder Equity	0.74	0.96	0.9	0.09	0.93		0.92	0.79	0.08	0.38	0.94	0.95	0.71	0.96	0.99	0.94	0.88	0.69	-0.38	0.91	0.97	0.97	0.94	0.04	0.93	0.81
Property Plant And Equipment Net	0.88	0.99	1.0	0.06	0.86	0.92		0.96	-0.3	0.61	0.81	1.0	0.62	0.84	0.95	0.98	0.99	0.63	-0.51	1.0	0.96	0.89	0.98	0.17	0.86	0.93
Net Debt	0.91	0.93	0.96	0.09	0.75	0.79	0.96		-0.5	0.69	0.63	0.94	0.57	0.68	0.84	0.92	0.98	0.55	-0.53	0.97	0.87	0.76	0.92	0.23	0.75	0.94
Retained Earnings	-0.47	-0.18	-0.31	0.11	0.13	0.08	-0.3	-0.5		-0.67	0.22	-0.21	0.11	0.16	-0.01	-0.25	-0.38	0.16	0.34	-0.31	-0.11	0.08	-0.25	-0.25	0.13	-0.42
Accounts Payable	0.69	0.55	0.6	-0.12	0.29	0.38	0.61	0.69	-0.67		0.36	0.57	0.29	0.42	0.4	0.59	0.66	-0.18	-0.26	0.62	0.52	0.4	0.59	0.19	0.24	0.75
Cash	0.58	0.87	0.81	-0.13	0.82	0.94	0.81	0.63	0.22	0.36		0.85	0.57	0.99	0.91	0.87	0.77	0.55	-0.23	0.8	0.9	0.95	0.87	-0.06	0.86	0.69
Non Current Assets Total	0.86	1.0	0.99	0.07	0.89	0.95	1.0	0.94	-0.21	0.57	0.85		0.66	0.88	0.97	0.99	0.98	0.65	-0.49	0.99	0.98	0.92	0.99	0.14	0.89	0.92
Non Currrent Assets Other	0.62	0.66	0.56	0.44	0.72	0.71	0.62	0.57	0.11	0.29	0.57	0.66		0.61	0.67	0.58	0.58	0.41	-0.26	0.61	0.7	0.6	0.58	0.01	0.64	0.68
Cash And Short Term Investments	0.64	0.89	0.83	-0.08	0.83	0.96	0.84	0.68	0.16	0.42	0.99	0.88	0.61		0.92	0.89	0.81	0.54	-0.23	0.83	0.92	0.95	0.89	-0.05	0.86	0.75
Net Receivables	0.78	0.98	0.94	0.1	0.93	0.99	0.95	0.84	-0.01	0.4	0.91	0.97	0.67	0.92		0.96	0.92	0.74	-0.42	0.94	0.97	0.96	0.96	0.08	0.93	0.83
Common Stock Total Equity	0.85	0.99	0.98	-0.02	0.84	0.94	0.98	0.92	-0.25	0.59	0.87	0.99	0.58	0.89	0.96		0.98	0.61	-0.46	0.98	0.97	0.92	1.0	0.12	0.86	0.91
Non Current Liabilities Total	0.89	0.98	0.99	0.02	0.81	0.88	0.99	0.98	-0.38	0.66	0.77	0.98	0.58	0.81	0.92	0.98		0.59	-0.51	1.0	0.94	0.86	0.98	0.18	0.82	0.94
Inventory	0.46	0.66	0.64	0.27	0.76	0.69	0.63	0.55	0.16	-0.18	0.55	0.65	0.41	0.54	0.74	0.61	0.59		-0.33	0.63	0.61	0.68	0.61	0.25	0.77	0.42
Other Stockholder Equity	-0.43	-0.48	-0.5	-0.17	-0.44	-0.38	-0.51	-0.53	0.34	-0.26	-0.23	-0.49	-0.26	-0.23	-0.42	-0.46	-0.51	-0.33		-0.51	-0.45	-0.35	-0.46	-0.25	-0.4	-0.44
Total Liab	0.89	0.99	1.0	0.07	0.86	0.91	1.0	0.97	-0.31	0.62	0.8	0.99	0.61	0.83	0.94	0.98	1.0	0.63	-0.51		0.96	0.89	0.98	0.2	0.86	0.94
Property Plant And Equipment Gross	0.8	0.98	0.95	0.03	0.89	0.97	0.96	0.87	-0.11	0.52	0.9	0.98	0.7	0.92	0.97	0.97	0.94	0.61	-0.45	0.96		0.94	0.97	0.08	0.89	0.88
Total Current Assets	0.71	0.94	0.89	0.07	0.93	0.97	0.89	0.76	0.08	0.4	0.95	0.92	0.6	0.95	0.96	0.92	0.86	0.68	-0.35	0.89	0.94		0.92	0.21	0.91	0.77
Common Stock	0.85	0.99	0.98	-0.02	0.84	0.94	0.98	0.92	-0.25	0.59	0.87	0.99	0.58	0.89	0.96	1.0	0.98	0.61	-0.46	0.98	0.97	0.92		0.12	0.86	0.91
Other Current Assets	0.25	0.15	0.17	0.53	0.31	0.04	0.17	0.23	-0.25	0.19	-0.06	0.14	0.01	-0.05	0.08	0.12	0.18	0.25	-0.25	0.2	0.08	0.21	0.12		0.1	0.16
Short Term Debt	0.63	0.9	0.87	0.04	0.94	0.93	0.86	0.75	0.13	0.24	0.86	0.89	0.64	0.86	0.93	0.86	0.82	0.77	-0.4	0.86	0.89	0.91	0.86	0.1		0.72
Intangible Assets	0.97	0.91	0.92	0.1	0.75	0.81	0.93	0.94	-0.42	0.75	0.69	0.92	0.68	0.75	0.83	0.91	0.94	0.42	-0.44	0.94	0.88	0.77	0.91	0.16	0.72

Click cells to compare fundamentals

Boralex Account Relationship Matchups

Boralex fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	80.1M	90.6M	98.7M	102.8M	102.8M	54.3M
Total Assets	4.6B	5.3B	5.8B	6.5B	6.6B	6.9B
Short Long Term Debt Total	3.3B	3.8B	3.9B	3.6B	4.1B	4.4B
Other Current Liab	85M	10M	14M	330M	6M	5.7M
Total Current Liabilities	304M	403M	395M	821M	715M	750.8M
Total Stockholder Equity	860M	989M	1.0B	1.7B	1.6B	1.7B
Property Plant And Equipment Net	3.0B	3.4B	3.6B	3.7B	3.7B	3.9B
Net Debt	3.1B	3.5B	3.7B	3.2B	2.8B	2.9B
Retained Earnings	(233M)	(249M)	(299M)	174M	183M	192.2M
Accounts Payable	36M	161M	145M	57M	38M	40.1M
Cash	153M	275M	256M	361M	478M	501.9M
Non Current Assets Total	4.2B	4.8B	5.3B	5.9B	5.8B	6.1B
Non Currrent Assets Other	19M	21M	152M	369M	121M	78.1M
Cash And Short Term Investments	170M	275M	259M	361M	415.2M	435.9M
Net Receivables	153M	157M	148M	234M	236M	247.8M
Common Stock Total Equity	733M	984M	1.1B	1.3B	1.5B	1.6B
Liabilities And Stockholders Equity	4.6B	5.3B	5.8B	6.5B	7.5B	7.9B
Non Current Liabilities Total	3.4B	3.9B	4.1B	3.7B	3.8B	4.0B
Total Liab	3.7B	4.3B	4.5B	4.5B	4.6B	4.8B
Property Plant And Equipment Gross	3.0B	3.4B	4.9B	5.1B	5.4B	5.7B
Total Current Assets	363M	472M	460M	638M	771M	809.6M
Accumulated Other Comprehensive Income	(41M)	(91M)	(29M)	174M	200.1M	210.1M
Common Stock	984M	1.1B	1.3B	1.3B	1.5B	1.6B
Other Current Assets	25M	38M	50M	30M	35M	35.7M
Short Term Debt	183M	242M	236M	434M	499.1M	524.1M
Intangible Assets	700M	1.0B	1.1B	1.1B	986M	645.5M
Good Will	188M	222M	218M	233M	234M	162.7M
Other Liab	255M	308M	441M	503M	578.5M	607.4M
Net Tangible Assets	(28M)	(260M)	(364M)	389M	447.4M	469.7M
Other Assets	80M	84M	148M	369M	424.4M	445.6M
Long Term Debt	2.9B	3.3B	3.4B	2.9B	3.0B	2.6B
Long Term Investments	312M	144M	140M	565M	526M	552.3M
Short Long Term Debt	172M	229M	220M	416M	277M	245.3M
Property Plant Equipment	3.0B	3.4B	3.6B	3.7B	4.2B	2.7B
Long Term Debt Total	3.1B	3.5B	3.7B	3.2B	3.6B	3.0B
Non Current Liabilities Other	60M	29M	52M	38M	37M	41.0M

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Boralex Days Sales Outstanding vs Free Cash Flow Yield Analysis

Days Sales Outstanding vs Free Cash Flow Yield

Days Sales Outstanding vs Free Cash Flow Yield Correlation Analysis

Correlation Coefficient

Days Sales Outstanding

Free Cash Flow Yield

Boralex fundamental ratios Correlations

Boralex Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Boralex fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

Complementary Tools for Boralex Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Property Plant And Equipment Net	+ 1.0	Short Long Term Debt Total
Total Liab	+ 1.0	Short Long Term Debt Total
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Total Liab	+ 1.0	Property Plant And Equipment Net
Common Stock	+ 1.0	Common Stock Total Equity

Accounts Payable	- 0.67	Retained Earnings
Other Stockholder Equity	- 0.53	Net Debt
Total Liab	- 0.51	Other Stockholder Equity
Other Stockholder Equity	- 0.51	Non Current Liabilities Total
Other Stockholder Equity	- 0.51	Property Plant And Equipment Net
Retained Earnings	- 0.5	Net Debt