Algonquin Long Term Investments vs Long Term Debt Analysis

AQN Stock

USD 4.88 0.12 2.52%

Algonquin Power financial indicator trend analysis is way more than just evaluating Algonquin Power Utilities prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Algonquin Power Utilities is a good investment. Please check the relationship between Algonquin Power Long Term Investments and its Long Term Debt accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Algonquin Power Utilities. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in producer price index.

Long Term Investments vs Long Term Debt

Long Term Investments vs Long Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Algonquin Power Utilities Long Term Investments account and Long Term Debt. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Algonquin Power's Long Term Investments and Long Term Debt is 0.84. Overlapping area represents the amount of variation of Long Term Investments that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of Algonquin Power Utilities, assuming nothing else is changed. The correlation between historical values of Algonquin Power's Long Term Investments and Long Term 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 Long Term Investments of Algonquin Power Utilities are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Long Term Investments i.e., Algonquin Power's Long Term Investments and Long Term Debt go up and down completely randomly.

Correlation Coefficient

0.84

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Long Term Investments

Long Term Investments is an item on the asset side of Algonquin Power balance sheet that represents investments Algonquin Power Utilities intends to hold for over a year. Algonquin Power Utilities long term investments may include different instruments such as stocks, bonds, real estate and cash.

Long Term Debt

Long-term debt is a debt that Algonquin Power Utilities has held for over one year. Long-term debt appears on Algonquin Power Utilities balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Algonquin Power Utilities balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

Most indicators from Algonquin Power's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Algonquin Power Utilities 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 Algonquin Power Utilities. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in producer price index.

At this time, Algonquin Power's Selling General Administrative is very stable compared to the past year. As of the 29th of November 2024, Sales General And Administrative To Revenue is likely to grow to 0.04, though Tax Provision is likely to grow to (82 M).

	2021	2022	2023	2024 (projected)
Gross Profit	1.6B	1.9B	2.0B	2.1B
Total Revenue	2.3B	2.8B	2.7B	2.8B

Gross Profit Total Revenue

Algonquin Power fundamental ratios Correlations

	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	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Common Stock	Current Deferred Revenue	Accounts Payable	Other Stockholder Equity
Total Assets		0.98	0.92	0.98	0.97	1.0	0.98	-0.63	0.38	1.0	0.82	0.9	0.38	0.98	0.98	0.99	0.99	0.98	0.93	0.99	0.99	0.99	0.99	0.97	0.98	-0.38
Short Long Term Debt Total	0.98		0.91	0.99	0.92	0.98	1.0	-0.72	0.3	0.98	0.89	0.88	0.3	0.98	0.94	0.95	0.99	0.97	0.94	1.0	0.99	0.98	0.96	0.97	0.94	-0.36
Other Current Liab	0.92	0.91		0.94	0.88	0.91	0.91	-0.58	0.32	0.91	0.75	0.85	0.32	0.93	0.86	0.86	0.9	0.94	0.98	0.91	0.93	0.94	0.91	0.86	0.86	-0.3
Total Current Liabilities	0.98	0.99	0.94		0.94	0.99	0.99	-0.69	0.31	0.98	0.83	0.88	0.31	0.98	0.95	0.95	0.98	0.98	0.96	0.99	0.99	0.99	0.97	0.97	0.96	-0.35
Total Stockholder Equity	0.97	0.92	0.88	0.94		0.96	0.91	-0.45	0.48	0.97	0.72	0.87	0.48	0.93	0.98	0.98	0.95	0.94	0.87	0.95	0.94	0.94	0.98	0.92	0.97	-0.36
Property Plant And Equipment Net	1.0	0.98	0.91	0.99	0.96		0.98	-0.66	0.34	1.0	0.8	0.9	0.34	0.99	0.98	0.98	0.99	0.99	0.94	0.99	1.0	0.99	0.99	0.97	0.97	-0.38
Net Debt	0.98	1.0	0.91	0.99	0.91	0.98		-0.73	0.29	0.98	0.88	0.88	0.29	0.98	0.94	0.95	0.99	0.97	0.94	0.99	0.99	0.98	0.96	0.97	0.94	-0.36
Retained Earnings	-0.63	-0.72	-0.58	-0.69	-0.45	-0.66	-0.73		0.15	-0.62	-0.63	-0.65	0.15	-0.73	-0.56	-0.6	-0.68	-0.69	-0.7	-0.68	-0.7	-0.7	-0.59	-0.68	-0.52	0.16
Cash	0.38	0.3	0.32	0.31	0.48	0.34	0.29	0.15		0.38	0.34	0.21	1.0	0.26	0.35	0.41	0.34	0.25	0.24	0.33	0.31	0.35	0.39	0.35	0.39	0.12
Non Current Assets Total	1.0	0.98	0.91	0.98	0.97	1.0	0.98	-0.62	0.38		0.82	0.9	0.38	0.98	0.98	0.99	0.99	0.98	0.93	0.99	0.99	0.99	0.99	0.97	0.98	-0.38
Non Currrent Assets Other	0.82	0.89	0.75	0.83	0.72	0.8	0.88	-0.63	0.34	0.82		0.67	0.34	0.8	0.75	0.78	0.86	0.76	0.78	0.86	0.81	0.82	0.75	0.85	0.78	-0.37
Other Assets	0.9	0.88	0.85	0.88	0.87	0.9	0.88	-0.65	0.21	0.9	0.67		0.21	0.9	0.9	0.9	0.89	0.91	0.85	0.89	0.9	0.89	0.91	0.84	0.83	-0.33
Cash And Short Term Investments	0.38	0.3	0.32	0.31	0.48	0.34	0.29	0.15	1.0	0.38	0.34	0.21		0.26	0.35	0.41	0.34	0.25	0.24	0.33	0.31	0.35	0.39	0.35	0.39	0.13
Net Receivables	0.98	0.98	0.93	0.98	0.93	0.99	0.98	-0.73	0.26	0.98	0.8	0.9	0.26		0.95	0.96	0.98	0.99	0.96	0.98	0.99	0.99	0.97	0.96	0.94	-0.38
Common Stock Total Equity	0.98	0.94	0.86	0.95	0.98	0.98	0.94	-0.56	0.35	0.98	0.75	0.9	0.35	0.95		0.99	0.97	0.95	0.87	0.97	0.96	0.95	0.98	0.94	0.98	-0.44
Common Stock Shares Outstanding	0.99	0.95	0.86	0.95	0.98	0.98	0.95	-0.6	0.41	0.99	0.78	0.9	0.41	0.96	0.99		0.98	0.95	0.88	0.98	0.97	0.96	0.98	0.96	0.97	-0.38
Non Current Liabilities Total	0.99	0.99	0.9	0.98	0.95	0.99	0.99	-0.68	0.34	0.99	0.86	0.89	0.34	0.98	0.97	0.98		0.97	0.93	1.0	0.99	0.98	0.98	0.98	0.96	-0.38
Inventory	0.98	0.97	0.94	0.98	0.94	0.99	0.97	-0.69	0.25	0.98	0.76	0.91	0.25	0.99	0.95	0.95	0.97		0.96	0.98	0.99	0.98	0.98	0.95	0.94	-0.36
Other Current Assets	0.93	0.94	0.98	0.96	0.87	0.94	0.94	-0.7	0.24	0.93	0.78	0.85	0.24	0.96	0.87	0.88	0.93	0.96		0.93	0.96	0.97	0.92	0.89	0.86	-0.36
Total Liab	0.99	1.0	0.91	0.99	0.95	0.99	0.99	-0.68	0.33	0.99	0.86	0.89	0.33	0.98	0.97	0.98	1.0	0.98	0.93		0.99	0.99	0.98	0.98	0.97	-0.38
Property Plant And Equipment Gross	0.99	0.99	0.93	0.99	0.94	1.0	0.99	-0.7	0.31	0.99	0.81	0.9	0.31	0.99	0.96	0.97	0.99	0.99	0.96	0.99		0.99	0.98	0.97	0.95	-0.37
Total Current Assets	0.99	0.98	0.94	0.99	0.94	0.99	0.98	-0.7	0.35	0.99	0.82	0.89	0.35	0.99	0.95	0.96	0.98	0.98	0.97	0.99	0.99		0.98	0.97	0.94	-0.36
Common Stock	0.99	0.96	0.91	0.97	0.98	0.99	0.96	-0.59	0.39	0.99	0.75	0.91	0.39	0.97	0.98	0.98	0.98	0.98	0.92	0.98	0.98	0.98		0.95	0.97	-0.33
Current Deferred Revenue	0.97	0.97	0.86	0.97	0.92	0.97	0.97	-0.68	0.35	0.97	0.85	0.84	0.35	0.96	0.94	0.96	0.98	0.95	0.89	0.98	0.97	0.97	0.95		0.97	-0.35
Accounts Payable	0.98	0.94	0.86	0.96	0.97	0.97	0.94	-0.52	0.39	0.98	0.78	0.83	0.39	0.94	0.98	0.97	0.96	0.94	0.86	0.97	0.95	0.94	0.97	0.97		-0.38
Other Stockholder Equity	-0.38	-0.36	-0.3	-0.35	-0.36	-0.38	-0.36	0.16	0.12	-0.38	-0.37	-0.33	0.13	-0.38	-0.44	-0.38	-0.38	-0.36	-0.36	-0.38	-0.37	-0.36	-0.33	-0.35	-0.38

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Algonquin Power Account Relationship Matchups

Algonquin Power fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	10.9B	13.2B	16.8B	17.6B	18.4B	19.3B
Short Long Term Debt Total	3.9B	4.5B	6.2B	7.5B	8.5B	8.9B
Other Current Liab	114.8M	623.4M	823.0M	925.1M	852.9M	895.6M
Total Current Liabilities	872.1M	955.2M	1.4B	1.5B	1.7B	1.8B
Total Stockholder Equity	3.9B	5.2B	5.9B	5.2B	5.0B	5.3B
Property Plant And Equipment Net	7.2B	8.2B	11.0B	11.9B	12.5B	13.1B
Net Debt	3.9B	4.4B	6.1B	7.5B	8.5B	8.9B
Retained Earnings	(367.1M)	45.8M	(288.4M)	(997.9M)	(1.3B)	(1.2B)
Cash	62.5M	101.6M	125.2M	57.6M	56.1M	38.7M
Non Current Assets Total	10.4B	12.5B	15.8B	16.5B	17.3B	18.2B
Non Currrent Assets Other	640.6M	912.8M	1.2B	1.3B	1.8B	1.9B
Other Assets	671.2M	931.8M	1.2B	1.4B	1.6B	1.6B
Cash And Short Term Investments	62.5M	101.6M	125.2M	57.6M	56.1M	39.3M
Net Receivables	259.1M	324.8M	403.4M	528.1M	524.2M	550.4M
Common Stock Total Equity	3.0B	3.6B	4.0B	4.9B	5.7B	6.0B
Common Stock Shares Outstanding	466.0M	499.9M	564.4M	628.9M	690.8M	725.3M
Liabilities And Stockholders Equity	10.9B	13.2B	16.8B	17.6B	18.4B	19.3B
Non Current Liabilities Total	5.3B	6.3B	7.7B	8.9B	9.7B	10.2B
Inventory	91.1M	134.6M	177.8M	224.9M	227.1M	238.5M
Other Current Assets	58.0M	134.1M	232.4M	283.9M	258.0M	270.9M
Total Liab	6.2B	7.2B	9.1B	10.5B	11.4B	12.0B
Property Plant And Equipment Gross	7.2B	8.2B	12.6B	14.0B	14.9B	15.6B
Total Current Assets	513.2M	695.0M	938.7M	1.1B	1.1B	1.1B
Common Stock	4.0B	4.9B	6.0B	6.2B	6.2B	6.5B
Current Deferred Revenue	381.9M	462.3M	543.3M	629.8M	724.3M	760.5M
Accounts Payable	150.3M	192.2M	185.3M	186.1M	210.4M	220.9M
Other Stockholder Equity	50.6M	60.7M	2.0M	9.4M	7.3M	6.9M
Accumulated Other Comprehensive Income	(9.8M)	(22.5M)	(71.7M)	(160.1M)	(102.3M)	(97.2M)
Short Term Debt	225.0M	139.9M	356.4M	423.3M	621.9M	652.9M
Other Liab	1.6B	1.8B	1.8B	1.8B	2.0B	2.1B
Net Tangible Assets	2.6B	3.7B	4.4B	3.6B	4.2B	4.4B
Long Term Debt	3.7B	4.4B	5.9B	7.1B	7.9B	8.3B
Good Will	1.0B	1.2B	1.2B	1.3B	1.3B	1.4B
Deferred Long Term Liab	509.7M	782.4M	1.0B	1.1B	1.2B	1.3B
Long Term Investments	1.4B	2.1B	2.3B	1.8B	1.6B	1.7B
Short Long Term Debt	225.0M	139.9M	356.4M	423.3M	621.9M	652.9M
Intangible Assets	47.6M	114.9M	105.1M	96.7M	93.9M	74.1M
Property Plant Equipment	7.2B	8.2B	11.0B	11.9B	13.7B	14.4B

Pair Trading with Algonquin Power

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Algonquin Power position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Algonquin Power will appreciate offsetting losses from the drop in the long position's value.

Moving together with Algonquin Stock

0.83

RNWWW

ReNew Energy Global

Pair Corr

Moving against Algonquin Stock

0.8	GEV	GE Vernova LLC Potential Growth	Pair Corr
0.8	NRGV	Energy Vault Holdings	Pair Corr
0.78	WAVE	Eco Wave Power	Pair Corr
0.75	ELLO	Ellomay Capital	Pair Corr
0.73	ORA	Ormat Technologies	Pair Corr

The ability to find closely correlated positions to Algonquin Power could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Algonquin Power when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Algonquin Power - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Algonquin Power Utilities to buy it.

The correlation of Algonquin Power is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Algonquin Power moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Algonquin Power Utilities moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Algonquin Power can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Algonquin Power Utilities offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Algonquin Power's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Algonquin Power Utilities Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Algonquin Power Utilities Stock:

How To Invest In Algonquin

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Is Algonquin Stock a good investment?

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What is Algonquin Power's Net Worth?

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Largest Electric Utilities Companies

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Algonquin Power Utilities. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in producer price index.

You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.

Is Multi-Utilities space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Algonquin Power. If investors know Algonquin will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Algonquin Power listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

1.998

Dividend Share

0.391

Earnings Share

0.55

Revenue Per Share

3.671

Quarterly Revenue Growth

0.015

The market value of Algonquin Power Utilities is measured differently than its book value, which is the value of Algonquin that is recorded on the company's balance sheet. Investors also form their own opinion of Algonquin Power's value that differs from its market value or its book value, called intrinsic value, which is Algonquin Power's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Algonquin Power's market value can be influenced by many factors that don't directly affect Algonquin Power's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Algonquin Power's value and its price as these two are different measures arrived at by different means. Investors typically determine if Algonquin Power is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Algonquin 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.

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Algonquin Long Term Investments vs Long Term Debt Analysis

Long Term Investments vs Long Term Debt

Long Term Investments vs Long Term Debt Correlation Analysis

Correlation Coefficient

Long Term Investments

Long Term Debt

Algonquin Power fundamental ratios Correlations

Algonquin Power Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Algonquin Power fundamental ratios Accounts

Pair Trading with Algonquin Power

Moving together with Algonquin Stock

Moving against Algonquin Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Property Plant And Equipment Net	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Net Debt	+ 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
Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net

Net Receivables	- 0.73	Retained Earnings
Retained Earnings	- 0.73	Net Debt
Retained Earnings	- 0.72	Short Long Term Debt Total
Total Current Assets	- 0.7	Retained Earnings
Property Plant And Equipment Gross	- 0.7	Retained Earnings
Other Current Assets	- 0.7	Retained Earnings