Power Non Currrent Assets Other vs Net Debt Analysis

POW Stock  CAD 39.57  0.36  0.92%   
Power financial indicator trend analysis is much more than just breaking down Power prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Power is a good investment. Please check the relationship between Power Non Currrent Assets Other and its Net Debt accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Power. 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.

Non Currrent Assets Other vs Net Debt

Non Currrent Assets Other vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Power Non Currrent Assets Other account and Net Debt. At this time, the significance of the direction appears to have pay attention.
The correlation between Power's Non Currrent Assets Other and Net Debt is -0.91. Overlapping area represents the amount of variation of Non Currrent Assets Other that can explain the historical movement of Net Debt in the same time period over historical financial statements of Power, assuming nothing else is changed. The correlation between historical values of Power's Non Currrent Assets Other and Net 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 Non Currrent Assets Other of Power are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Non Currrent Assets Other i.e., Power's Non Currrent Assets Other and Net Debt go up and down completely randomly.

Correlation Coefficient

-0.91
Relationship DirectionNegative 
Relationship StrengthSignificant

Non Currrent Assets Other

Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.
Most indicators from Power's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Power 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Power. 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, Power's Tax Provision is very stable compared to the past year. As of the 1st of June 2024, Enterprise Value Over EBITDA is likely to grow to 1,122, while Selling General Administrative is likely to drop about 5.7 B.
 2021 2022 2023 2024 (projected)
Gross Profit69.6B48.7B56.0B35.1B
Total Revenue69.6B48.7B23.7B34.7B

Power fundamental ratios Correlations

0.950.820.950.780.570.950.690.340.470.921.00.960.460.78-0.720.680.020.86-0.840.980.840.860.860.910.79
0.950.760.870.90.670.970.50.410.280.850.950.910.310.79-0.820.780.170.82-0.880.910.730.710.710.850.78
0.820.760.70.720.660.790.780.390.480.820.820.770.230.84-0.710.780.190.95-0.870.740.50.690.70.950.84
0.950.870.70.610.360.840.710.330.640.890.960.970.640.59-0.590.55-0.130.79-0.660.980.920.910.910.830.7
0.780.90.720.610.830.870.290.420.050.680.770.70.050.83-0.870.830.320.73-0.910.670.430.420.420.720.79
0.570.670.660.360.830.740.070.22-0.210.40.550.45-0.290.89-0.740.760.280.59-0.870.410.180.110.110.60.68
0.950.970.790.840.870.740.490.350.190.840.940.880.180.86-0.80.760.170.81-0.930.880.680.690.690.860.76
0.690.50.780.710.290.070.490.180.810.780.690.680.640.42-0.290.34-0.150.76-0.440.720.630.890.890.780.57
0.340.410.390.330.420.220.350.180.320.480.340.510.030.23-0.70.690.750.57-0.430.270.070.240.240.420.54
0.470.280.480.640.05-0.210.190.810.320.60.480.60.840.04-0.160.21-0.210.57-0.110.560.570.720.720.50.46
0.920.850.820.890.680.40.840.780.480.60.920.940.510.61-0.720.680.150.88-0.760.90.690.880.890.860.82
1.00.950.820.960.770.550.940.690.340.480.920.960.480.76-0.710.670.010.86-0.830.980.840.870.870.910.79
0.960.910.770.970.70.450.880.680.510.60.940.960.530.65-0.730.690.070.86-0.760.960.810.860.860.860.79
0.460.310.230.640.05-0.290.180.640.030.840.510.480.53-0.09-0.050.03-0.40.360.020.60.740.680.680.340.32
0.780.790.840.590.830.890.860.420.230.040.610.760.65-0.09-0.710.720.160.75-0.950.640.430.460.460.830.74
-0.72-0.82-0.71-0.59-0.87-0.74-0.8-0.29-0.7-0.16-0.72-0.71-0.73-0.05-0.71-0.96-0.6-0.80.87-0.61-0.35-0.4-0.4-0.72-0.86
0.680.780.780.550.830.760.760.340.690.210.680.670.690.030.72-0.960.590.85-0.850.570.320.380.380.770.83
0.020.170.19-0.130.320.280.17-0.150.75-0.210.150.010.07-0.40.16-0.60.590.29-0.34-0.1-0.32-0.15-0.150.170.28
0.860.820.950.790.730.590.810.760.570.570.880.860.860.360.75-0.80.850.29-0.840.80.60.740.740.960.88
-0.84-0.88-0.87-0.66-0.91-0.87-0.93-0.44-0.43-0.11-0.76-0.83-0.760.02-0.950.87-0.85-0.34-0.84-0.72-0.44-0.53-0.53-0.86-0.85
0.980.910.740.980.670.410.880.720.270.560.90.980.960.60.64-0.610.57-0.10.8-0.720.910.910.910.860.7
0.840.730.50.920.430.180.680.630.070.570.690.840.810.740.43-0.350.32-0.320.6-0.440.910.850.850.690.47
0.860.710.690.910.420.110.690.890.240.720.880.870.860.680.46-0.40.38-0.150.74-0.530.910.851.00.80.57
0.860.710.70.910.420.110.690.890.240.720.890.870.860.680.46-0.40.38-0.150.74-0.530.910.851.00.80.57
0.910.850.950.830.720.60.860.780.420.50.860.910.860.340.83-0.720.770.170.96-0.860.860.690.80.80.8
0.790.780.840.70.790.680.760.570.540.460.820.790.790.320.74-0.860.830.280.88-0.850.70.470.570.570.8
Click cells to compare fundamentals

Power Account Relationship Matchups

Power fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets477.3B629.1B661.6B733.7B749.5B787.0B
Short Long Term Debt Total18.3B21.5B19.5B21.2B24.4B25.6B
Total Stockholder Equity14.2B22.2B24.3B24.0B22.1B11.5B
Property Plant And Equipment Net3.1B3.2B3.7B4.4B5.1B5.3B
Net Debt11.4B12.1B11.4B12.3B11.1B11.6B
Retained Earnings10.8B8.7B10.8B11.1B10.0B8.0B
Non Current Assets Total153.0B181.4B189.7B178.2B204.9B215.2B
Common Stock Shares Outstanding466.1M437.9M647.6M681.6M652.2M540.5M
Liabilities And Stockholders Equity477.3B629.1B661.6B733.7B843.7B885.9B
Non Current Liabilities Total18.6B20.3B4.2B4.4B5.0B4.3B
Other Current Assets22.5B25.6B27.3B34.2B30.8B18.5B
Other Stockholder Equity1.7B3.0B3.0B2.3B2.6B2.8B
Total Liab440.7B590.4B617.9B689.5B708.2B743.6B
Property Plant And Equipment Gross1.7B1.9B3.1B3.2B3.7B3.9B
Total Current Assets13.8B16.8B15.7B30.7B27.6B29.0B
Accumulated Other Comprehensive Income1.7B3.0B3.0B2.5B2.9B3.0B
Intangible Assets5.8B6.3B7.6B8.3B6.7B5.7B
Other Current Liab(5.5B)(5.8B)(4.2B)(4.4B)(3.9B)(4.1B)
Total Current Liabilities5.5B5.8B4.2B4.4B5.0B2.9B
Short Term Debt1.5B2.6B407M274M315.1M299.3M
Cash6.8B9.5B8.2B8.9B9.1B5.6B
Non Currrent Assets Other(153.0B)(181.4B)(189.7B)(178.2B)(160.4B)(152.3B)
Other Assets310.4B430.9B456.2B524.8B603.5B633.7B
Cash And Short Term Investments6.8B9.5B8.2B22.2B25.6B26.9B
Common Stock Total Equity717M766M726M9.6B11.0B11.5B
Common Stock726M9.6B9.6B9.5B10.9B11.5B
Good Will10.3B14.0B13.0B14.6B14.6B11.1B
Net Receivables7.0B7.3B7.6B8.4B5.6B5.8B
Accounts Payable4.0B3.2B3.8B4.1B4.0B3.4B
Other Liab416.6B563.1B592.2B655.3B753.6B479.8B
Net Tangible Assets(3.0B)1.0B2.8B166M190.9M200.4M
Long Term Debt16.9B11.9B13.2B20.0B16.8B17.1B
Long Term Investments133.8B157.9B165.4B150.9B228.7B133.6B
Short Long Term Debt1.2B2.6B407M274M3.5B3.9B
Property Plant Equipment3.1B3.2B3.7B4.4B5.1B2.6B
Long Term Debt Total17.9B19.6B19.1B20.9B24.0B19.7B
Cash And Equivalents3.2B6.0B4.6B4.6B5.3B4.3B
Net Invested Capital23.5B35.8B37.0B43.3B32.1B34.6B

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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Power. 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.
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Please note, there is a significant difference between Power's value and its price as these two are different measures arrived at by different means. Investors typically determine if Power is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Power'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.