Aecon Inventory vs Net Debt Analysis

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

Inventory vs Net Debt

Inventory vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Aecon Group Inventory account and Net Debt. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Aecon's Inventory and Net Debt is 0.59. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Net Debt in the same time period over historical financial statements of Aecon Group, assuming nothing else is changed. The correlation between historical values of Aecon's Inventory 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 Inventory of Aecon Group 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 Inventory i.e., Aecon's Inventory and Net Debt go up and down completely randomly.

Correlation Coefficient

0.59

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Inventory

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 Aecon's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Aecon 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 Aecon 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, Aecon's Tax Provision is very stable compared to the past year. As of the 29th of November 2024, Issuance Of Capital Stock is likely to grow to about 162.4 M, while Selling General Administrative is likely to drop about 124.3 M.

	2021	2022	2023	2024 (projected)
Interest Expense	45.6M	57.1M	73.7M	77.4M
Depreciation And Amortization	88.6M	94.4M	79.1M	49.4M

Interest Expense Depreciation And Amortization

Aecon 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	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Current Deferred Revenue	Short Term Investments
Total Assets		0.82	0.6	0.81	0.77	0.26	0.08	0.71	0.98	0.68	0.83	0.65	0.68	0.79	0.57	0.82	0.49	0.59	0.07	0.99	0.64	0.81	0.31	0.71	0.66	-0.69
Short Long Term Debt Total	0.82		0.33	0.6	0.47	0.46	0.53	0.38	0.77	0.38	0.94	0.4	0.38	0.53	0.5	0.92	0.61	0.5	0.19	0.87	0.63	0.55	0.46	0.83	0.35	-0.62
Other Current Liab	0.6	0.33		0.92	0.9	0.0	-0.36	0.92	0.68	0.73	0.4	0.79	0.73	0.92	0.32	0.28	0.28	0.22	0.27	0.58	0.46	0.87	0.28	0.14	0.74	-0.49
Total Current Liabilities	0.81	0.6	0.92		0.94	0.03	-0.22	0.93	0.85	0.82	0.6	0.88	0.82	0.98	0.34	0.55	0.34	0.45	0.11	0.8	0.49	0.97	0.34	0.42	0.85	-0.57
Total Stockholder Equity	0.77	0.47	0.9	0.94		0.15	-0.33	0.99	0.79	0.81	0.52	0.76	0.81	0.97	0.48	0.47	0.39	0.45	0.05	0.72	0.48	0.95	0.24	0.26	0.8	-0.71
Property Plant And Equipment Net	0.26	0.46	0.0	0.03	0.15		0.64	0.06	0.23	-0.26	0.61	-0.35	-0.26	0.07	0.79	0.33	0.86	-0.11	0.12	0.24	0.6	-0.04	0.38	0.13	-0.38	-0.76
Net Debt	0.08	0.53	-0.36	-0.22	-0.33	0.64		-0.42	0.05	-0.59	0.53	-0.46	-0.59	-0.25	0.24	0.33	0.59	-0.12	0.11	0.13	0.5	-0.34	0.52	0.38	-0.58	-0.18
Retained Earnings	0.71	0.38	0.92	0.93	0.99	0.06	-0.42		0.75	0.83	0.44	0.79	0.83	0.96	0.4	0.39	0.28	0.43	0.01	0.67	0.42	0.95	0.18	0.2	0.83	-0.63
Accounts Payable	0.98	0.77	0.68	0.85	0.79	0.23	0.05	0.75		0.66	0.81	0.69	0.66	0.83	0.53	0.73	0.5	0.49	0.05	0.97	0.69	0.82	0.36	0.64	0.67	-0.65
Cash	0.68	0.38	0.73	0.82	0.81	-0.26	-0.59	0.83	0.66		0.32	0.89	1.0	0.8	0.21	0.51	-0.07	0.59	0.07	0.67	0.06	0.9	-0.12	0.37	0.96	-0.4
Non Current Assets Total	0.83	0.94	0.4	0.6	0.52	0.61	0.53	0.44	0.81	0.32		0.38	0.32	0.56	0.66	0.84	0.76	0.31	0.15	0.86	0.77	0.52	0.44	0.75	0.29	-0.74
Non Currrent Assets Other	0.65	0.4	0.79	0.88	0.76	-0.35	-0.46	0.79	0.69	0.89	0.38		0.89	0.82	0.05	0.43	-0.02	0.39	0.03	0.67	0.21	0.86	0.07	0.4	0.94	-0.24
Cash And Short Term Investments	0.68	0.38	0.73	0.82	0.81	-0.26	-0.59	0.83	0.66	1.0	0.32	0.89		0.8	0.21	0.51	-0.07	0.59	0.07	0.67	0.06	0.9	-0.12	0.37	0.96	-0.4
Net Receivables	0.79	0.53	0.92	0.98	0.97	0.07	-0.25	0.96	0.83	0.8	0.56	0.82	0.8		0.38	0.51	0.38	0.42	0.11	0.77	0.51	0.97	0.28	0.36	0.83	-0.62
Common Stock Shares Outstanding	0.57	0.5	0.32	0.34	0.48	0.79	0.24	0.4	0.53	0.21	0.66	0.05	0.21	0.38		0.49	0.74	0.14	0.26	0.52	0.56	0.34	0.18	0.19	0.07	-0.91
Non Current Liabilities Total	0.82	0.92	0.28	0.55	0.47	0.33	0.33	0.39	0.73	0.51	0.84	0.43	0.51	0.51	0.49		0.43	0.61	0.2	0.87	0.43	0.59	0.09	0.91	0.48	-0.6
Inventory	0.49	0.61	0.28	0.34	0.39	0.86	0.59	0.28	0.5	-0.07	0.76	-0.02	-0.07	0.38	0.74	0.43		-0.14	0.19	0.47	0.79	0.24	0.55	0.29	-0.1	-0.78
Other Current Assets	0.59	0.5	0.22	0.45	0.45	-0.11	-0.12	0.43	0.49	0.59	0.31	0.39	0.59	0.42	0.14	0.61	-0.14		-0.08	0.6	0.04	0.58	0.04	0.5	0.55	-0.28
Other Stockholder Equity	0.07	0.19	0.27	0.11	0.05	0.12	0.11	0.01	0.05	0.07	0.15	0.03	0.07	0.11	0.26	0.2	0.19	-0.08		0.11	0.12	0.1	0.02	0.13	0.01	-0.14
Total Liab	0.99	0.87	0.58	0.8	0.72	0.24	0.13	0.67	0.97	0.67	0.86	0.67	0.67	0.77	0.52	0.87	0.47	0.6	0.11		0.61	0.8	0.31	0.77	0.67	-0.65
Property Plant And Equipment Gross	0.64	0.63	0.46	0.49	0.48	0.6	0.5	0.42	0.69	0.06	0.77	0.21	0.06	0.51	0.56	0.43	0.79	0.04	0.12	0.61		0.38	0.64	0.36	0.07	-0.6
Total Current Assets	0.81	0.55	0.87	0.97	0.95	-0.04	-0.34	0.95	0.82	0.9	0.52	0.86	0.9	0.97	0.34	0.59	0.24	0.58	0.1	0.8	0.38		0.18	0.43	0.91	-0.58
Short Term Debt	0.31	0.46	0.28	0.34	0.24	0.38	0.52	0.18	0.36	-0.12	0.44	0.07	-0.12	0.28	0.18	0.09	0.55	0.04	0.02	0.31	0.64	0.18		0.05	-0.11	-0.25
Intangible Assets	0.71	0.83	0.14	0.42	0.26	0.13	0.38	0.2	0.64	0.37	0.75	0.4	0.37	0.36	0.19	0.91	0.29	0.5	0.13	0.77	0.36	0.43	0.05		0.4	-0.3
Current Deferred Revenue	0.66	0.35	0.74	0.85	0.8	-0.38	-0.58	0.83	0.67	0.96	0.29	0.94	0.96	0.83	0.07	0.48	-0.1	0.55	0.01	0.67	0.07	0.91	-0.11	0.4		-0.29
Short Term Investments	-0.69	-0.62	-0.49	-0.57	-0.71	-0.76	-0.18	-0.63	-0.65	-0.4	-0.74	-0.24	-0.4	-0.62	-0.91	-0.6	-0.78	-0.28	-0.14	-0.65	-0.6	-0.58	-0.25	-0.3	-0.29

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Aecon Account Relationship Matchups

Aecon fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	3.1B	3.3B	3.3B	3.6B	3.2B	1.7B
Short Long Term Debt Total	736.0M	728.0M	779.6M	909.1M	418.2M	402.8M
Other Current Liab	120.1M	148.5M	154.2M	176.8M	219.1M	230.1M
Total Current Liabilities	1.4B	1.5B	1.5B	1.8B	1.7B	1.8B
Total Stockholder Equity	858.0M	874.1M	913.6M	954.0M	1.1B	1.1B
Property Plant And Equipment Net	351.4M	362.2M	379.5M	395.1M	251.9M	270.1M
Net Debt	53.7M	69.8M	247.0M	531.8M	(227.6M)	(216.2M)
Retained Earnings	403.8M	444.1M	451.3M	435.3M	551.3M	578.8M
Accounts Payable	674.1M	792.3M	788.4M	901.9M	834.0M	440.4M
Cash	682.3M	658.3M	532.7M	377.2M	645.8M	678.1M
Non Current Assets Total	985.2M	1.1B	1.1B	1.2B	722.4M	589.4M
Cash And Short Term Investments	682.3M	658.3M	532.7M	378.0M	645.8M	678.1M
Net Receivables	1.3B	1.3B	1.4B	1.7B	1.7B	1.8B
Common Stock Shares Outstanding	73.9M	75.9M	73.8M	61.0M	81.9M	57.2M
Liabilities And Stockholders Equity	3.1B	3.3B	3.3B	3.6B	3.2B	1.7B
Non Current Liabilities Total	898.8M	883.7M	903.7M	778.6M	393.4M	416.7M
Inventory	24.9M	21.3M	25.2M	37.6M	20.8M	20.7M
Other Current Assets	131.7M	180.2M	166.2M	76.2M	107.0M	69.5M
Other Stockholder Equity	48.9M	53.8M	60.0M	63.3M	80.7M	95.6M
Total Liab	2.3B	2.4B	2.4B	2.6B	2.1B	1.2B
Property Plant And Equipment Gross	351.4M	362.2M	755.3M	802.6M	546.3M	312.4M
Total Current Assets	2.1B	2.2B	2.1B	2.3B	2.5B	2.6B
Accumulated Other Comprehensive Income	(1.7M)	(32.2M)	(16.2M)	23.3M	1.6M	1.7M
Short Term Debt	60.1M	56.6M	84.8M	359.8M	154.3M	99.1M
Intangible Assets	501.6M	565.6M	542.1M	554.3M	17.5M	16.6M
Current Deferred Revenue	483.1M	486.3M	431.0M	386.6M	519.1M	545.0M
Good Will	52.9M	83.8M	104.9M	108.1M	105.6M	71.1M
Common Stock Total Equity	367.6M	386.5M	394.3M	395.7M	455.1M	381.5M
Common Stock	394.3M	395.7M	405.8M	419.4M	430.7M	401.3M
Other Liab	222.9M	212.2M	208.9M	229.3M	263.7M	191.6M
Net Tangible Assets	303.5M	224.7M	266.6M	291.6M	262.5M	339.9M
Other Assets	26.7M	34.2M	41.9M	74.6M	85.8M	90.1M
Long Term Debt	310.0M	671.5M	694.8M	549.3M	106.8M	101.4M
Long Term Investments	52.6M	40.6M	72.7M	111.7M	254.2M	266.9M
Short Long Term Debt	60.1M	56.6M	84.8M	359.8M	154.3M	136.8M
Property Plant Equipment	351.4M	362.2M	379.5M	395.1M	355.6M	330.7M
Long Term Debt Total	310.0M	312.6M	694.8M	549.3M	631.7M	371.9M
Capital Surpluse	48.9M	53.8M	60.0M	63.3M	72.8M	54.6M

Pair Trading with Aecon

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 Aecon 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 Aecon will appreciate offsetting losses from the drop in the long position's value.

Moving against Aecon Stock

0.73

DELX

DelphX Capital Markets

Pair Corr

The ability to find closely correlated positions to Aecon could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aecon 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 Aecon - 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 Aecon Group to buy it.

The correlation of Aecon 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 Aecon moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aecon Group 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 Aecon 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

Other Information on Investing in Aecon Stock

Balance Sheet is a snapshot of the financial position of Aecon Group at a specified time, usually calculated after every quarter, six months, or one year. Aecon Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Aecon 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 Aecon currently owns. An asset can also be divided into two categories, current and non-current.

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Aecon Inventory vs Net Debt Analysis

Inventory vs Net Debt

Inventory vs Net Debt Correlation Analysis

Correlation Coefficient

Inventory

Net Debt

Aecon fundamental ratios Correlations

Aecon Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Aecon fundamental ratios Accounts

Pair Trading with Aecon

Moving against Aecon Stock

Other Information on Investing in Aecon Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Total Liab	+ 0.99	Total Assets
Retained Earnings	+ 0.99	Total Stockholder Equity
Accounts Payable	+ 0.98	Total Assets
Net Receivables	+ 0.98	Total Current Liabilities
Total Current Assets	+ 0.97	Total Current Liabilities

Short Term Investments	- 0.91	Common Stock Shares Outstanding
Short Term Investments	- 0.78	Inventory
Short Term Investments	- 0.76	Property Plant And Equipment Net
Short Term Investments	- 0.74	Non Current Assets Total
Short Term Investments	- 0.71	Total Stockholder Equity
Short Term Investments	- 0.69	Total Assets