Clairvest Property Plant Equipment vs Cash And Short Term Investments Analysis
CVG Stock | CAD 70.00 0.02 0.03% |
Clairvest financial indicator trend analysis is way more than just evaluating Clairvest Group prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Clairvest Group is a good investment. Please check the relationship between Clairvest Property Plant Equipment and its Cash And Short Term Investments accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Clairvest Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Property Plant Equipment vs Cash And Short Term Investments
Property Plant Equipment vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Clairvest Group Property Plant Equipment account and Cash And Short Term Investments. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Clairvest's Property Plant Equipment and Cash And Short Term Investments is 0.81. Overlapping area represents the amount of variation of Property Plant Equipment that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Clairvest Group, assuming nothing else is changed. The correlation between historical values of Clairvest's Property Plant Equipment and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant Equipment of Clairvest Group are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Property Plant Equipment i.e., Clairvest's Property Plant Equipment and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.81 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Property Plant Equipment
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Clairvest Group balance sheet. This account contains Clairvest investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Clairvest Group fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.Most indicators from Clairvest's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Clairvest Group 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 Clairvest Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. At this time, Clairvest's Selling General Administrative is very stable compared to the past year. As of the 15th of June 2024, Tax Provision is likely to grow to about 16.8 M, while Enterprise Value Over EBITDA is likely to drop 9.33.
2021 | 2023 | 2024 (projected) | Net Income | 330.2M | 60.2M | 52.5M | EBITDA | 376.9M | 433.4M | 455.1M |
Clairvest fundamental ratios Correlations
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Clairvest Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Clairvest fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 15.1M | 15.1M | 15.1M | 15.0M | 13.5M | 13.9M | |
Total Assets | 944.9M | 985.0M | 1.4B | 1.4B | 1.6B | 1.7B | |
Total Stockholder Equity | 837.4M | 857.8M | 1.2B | 1.2B | 1.4B | 1.5B | |
Net Debt | (288.9M) | (272.9M) | (186.8M) | (218.4M) | (196.6M) | (186.7M) | |
Retained Earnings | 756.5M | 777.0M | 1.1B | 1.1B | 1.3B | 1.4B | |
Cash | 272.9M | 186.8M | 218.4M | 216.2M | 248.6M | 261.1M | |
Other Assets | 911.3M | 8.4M | 433K | 5.0M | 5.7M | 5.4M | |
Cash And Short Term Investments | 272.9M | 186.8M | 218.4M | 217.9M | 250.6M | 263.1M | |
Net Receivables | 53.8M | 126.8M | 104.3M | 140.5M | 161.6M | 169.7M | |
Liabilities And Stockholders Equity | 944.9M | 985.0M | 1.4B | 1.4B | 1.6B | 1.7B | |
Total Liab | 11.9M | 8.6M | 174.1M | 211.9M | 243.7M | 255.9M | |
Accounts Payable | 11.9M | 8.6M | 6.9M | 11.5M | 13.2M | 8.4M | |
Common Stock | 80.9M | 80.8M | 80.8M | 80.6M | 72.6M | 64.8M | |
Other Current Liab | (11.9M) | (8.6M) | (6.9M) | 32.3M | 37.1M | 39.0M | |
Total Current Liabilities | 11.9M | 8.6M | 6.9M | 135.0M | 155.3M | 163.0M | |
Other Liab | 46.2M | 42.0M | 86.3M | 74.5M | 85.7M | 71.5M | |
Net Tangible Assets | 837.4M | 857.8M | 1.2B | 1.2B | 1.4B | 816.3M | |
Long Term Investments | 600.7M | 663.0M | 1.0B | 1.1B | 1.3B | 682.3M | |
Total Current Assets | 326.7M | 313.6M | 322.7M | 428.5M | 492.8M | 336.7M | |
Property Plant Equipment | 9.1M | 8.0M | 7.3M | 6.6M | 7.6M | 5.4M | |
Property Plant And Equipment Net | 9.1M | 8.0M | 7.3M | 6.6M | 7.6M | 5.5M | |
Property Plant And Equipment Gross | 9.1M | 11.3M | 11.8M | 12.2M | 14.1M | 7.2M | |
Long Term Debt Total | 3.8M | 3.3M | 2.9M | 2.4M | 2.7M | 1.9M | |
Cash And Equivalents | 26.3M | 27.6M | 13.1M | 1.7M | 1.5M | 1.4M | |
Capital Stock | 80.9M | 80.8M | 80.8M | 80.6M | 72.6M | 64.7M |
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Balance Sheet is a snapshot of the financial position of Clairvest Group at a specified time, usually calculated after every quarter, six months, or one year. Clairvest Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Clairvest 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 Clairvest currently owns. An asset can also be divided into two categories, current and non-current.