Alimentation Ebit vs Net Interest Income Analysis
ATD Stock | 81.91 0.89 1.07% |
Alimentation Couchen financial indicator trend analysis is way more than just evaluating Alimentation Couchen Tard prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Alimentation Couchen Tard is a good investment. Please check the relationship between Alimentation Couchen Ebit and its Net Interest Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alimentation Couchen Tard. 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.
Ebit vs Net Interest Income
Ebit vs Net Interest Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Alimentation Couchen Tard Ebit account and Net Interest Income. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Alimentation Couchen's Ebit and Net Interest Income is -0.52. Overlapping area represents the amount of variation of Ebit that can explain the historical movement of Net Interest Income in the same time period over historical financial statements of Alimentation Couchen Tard, assuming nothing else is changed. The correlation between historical values of Alimentation Couchen's Ebit and Net Interest Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ebit of Alimentation Couchen Tard are associated (or correlated) with its Net Interest Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Interest Income has no effect on the direction of Ebit i.e., Alimentation Couchen's Ebit and Net Interest Income go up and down completely randomly.
Correlation Coefficient | -0.52 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Ebit
Net Interest Income
The difference between the revenue generated from a bank's interest-bearing assets and the expenses associated with paying its interest-bearing liabilities.Most indicators from Alimentation Couchen's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Alimentation Couchen Tard 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 Alimentation Couchen Tard. 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. As of the 2nd of December 2024, Enterprise Value is likely to grow to about 70.1 B, while Selling General Administrative is likely to drop about 4.7 B.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 304.3M | 352.9M | 516.9M | 542.7M | Depreciation And Amortization | 1.5B | 1.5B | 1.8B | 1.9B |
Alimentation Couchen fundamental ratios Correlations
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Alimentation Couchen Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Alimentation Couchen fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 25.7B | 28.4B | 29.6B | 29.0B | 36.9B | 38.8B | |
Short Long Term Debt Total | 10.4B | 9.6B | 9.4B | 9.5B | 14.5B | 15.2B | |
Total Current Liabilities | 3.7B | 5.9B | 6.0B | 5.2B | 7.8B | 8.2B | |
Total Stockholder Equity | 10.1B | 12.2B | 12.4B | 12.6B | 13.2B | 13.8B | |
Property Plant And Equipment Net | 12.7B | 13.9B | 14.6B | 15.3B | 17.9B | 18.8B | |
Net Debt | 6.7B | 6.6B | 7.3B | 8.6B | 13.2B | 13.8B | |
Retained Earnings | 10.6B | 12.0B | 12.5B | 12.9B | 13.6B | 14.3B | |
Accounts Payable | 1.5B | 2.6B | 3.7B | 3.2B | 4.6B | 4.8B | |
Cash | 3.6B | 3.0B | 2.1B | 834.2M | 1.3B | 738.7M | |
Non Current Assets Total | 19.2B | 21.3B | 22.3B | 23.4B | 29.5B | 30.9B | |
Non Currrent Assets Other | 251.9M | 334.4M | 367.4M | 302.6M | 374.5M | 393.2M | |
Cash And Short Term Investments | 3.7B | 3.0B | 2.2B | 929.2M | 1.9B | 2.0B | |
Net Receivables | 1.3B | 1.9B | 2.6B | 2.4B | 3.1B | 3.3B | |
Common Stock Shares Outstanding | 1.1B | 1.1B | 1.1B | 1.0B | 968.2M | 1.2B | |
Liabilities And Stockholders Equity | 25.7B | 28.4B | 29.6B | 29.0B | 36.9B | 38.8B | |
Non Current Liabilities Total | 11.9B | 10.3B | 11.1B | 11.3B | 15.8B | 16.6B | |
Inventory | 1.2B | 1.8B | 2.4B | 2.2B | 2.3B | 2.4B | |
Other Current Assets | 168M | 450.2M | 175.6M | 165.4M | 153.7M | 83.5M | |
Other Stockholder Equity | (11.3B) | (12.7B) | (13.2B) | (13.5B) | 23.2M | 24.4M | |
Total Liab | 15.6B | 16.2B | 17.2B | 16.5B | 23.6B | 24.8B | |
Total Current Assets | 6.4B | 7.1B | 7.3B | 5.7B | 7.5B | 7.9B | |
Accumulated Other Comprehensive Income | (1.3B) | (531.1M) | (749.1M) | (1.0B) | (1.1B) | (1.0B) | |
Short Term Debt | 597.8M | 1.5B | 426.8M | 438.8M | 1.6B | 1.6B | |
Intangible Assets | 550.8M | 716.9M | 687.5M | 762.2M | 1.2B | 1.2B | |
Other Current Liab | 8.1M | 118.5M | 86.7M | 800K | 54.2M | 51.5M | |
Current Deferred Revenue | 1.6B | 1.7B | 1.8B | 1.5B | 1.6B | 1.7B | |
Other Assets | 289M | 415.1M | 451M | 302.2M | 347.5M | 265.8M | |
Good Will | 5.5B | 5.9B | 6.1B | 6.6B | 9.6B | 10.0B | |
Short Term Investments | 38.6M | 11M | 23.1M | 95M | 559.2M | 587.2M | |
Common Stock | 694.8M | 670.6M | 639.9M | 614.7M | 644.7M | 716.5M | |
Long Term Debt | 7.5B | 5.3B | 6.0B | 5.9B | 9.2B | 7.1B | |
Long Term Debt Total | 9.8B | 8.1B | 9.0B | 9.0B | 10.4B | 8.4B | |
Capital Surpluse | 21.4M | 23.6M | 25.8M | 28.8M | 33.1M | 24.0M | |
Cash And Equivalents | 3.6B | 3.0B | 2.1B | 834.2M | 959.3M | 1.8B | |
Property Plant Equipment | 12.7B | 13.9B | 14.6B | 15.3B | 17.5B | 13.6B | |
Other Liab | 2.1B | 1.8B | 2.1B | 2.1B | 2.4B | 2.2B | |
Net Tangible Assets | 2.3B | 4.0B | 5.5B | 5.7B | 6.5B | 4.0B | |
Net Invested Capital | 17.8B | 18.6B | 18.4B | 18.5B | 23.5B | 20.3B | |
Long Term Investments | 237.9M | 275.2M | 476.4M | 384.2M | 351.5M | 311.9M | |
Short Long Term Debt | 214.7M | 1.1B | 1.4M | 700K | 1.1B | 588.4M |
Pair Trading with Alimentation Couchen
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 Alimentation Couchen 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 Alimentation Couchen will appreciate offsetting losses from the drop in the long position's value.Moving against Alimentation Stock
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The ability to find closely correlated positions to Alimentation Couchen could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alimentation Couchen 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 Alimentation Couchen - 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 Alimentation Couchen Tard to buy it.
The correlation of Alimentation Couchen 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 Alimentation Couchen moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alimentation Couchen Tard 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 Alimentation Couchen 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.Other Information on Investing in Alimentation Stock
Balance Sheet is a snapshot of the financial position of Alimentation Couchen Tard at a specified time, usually calculated after every quarter, six months, or one year. Alimentation Couchen Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Alimentation Couchen 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 Alimentation currently owns. An asset can also be divided into two categories, current and non-current.