Chorus Historical Cash Flow
| CHR Stock | CAD 2.94 0.01 0.34% |
Analysis of Chorus Aviation cash flow over time is an excellent tool to project Chorus Aviation future capital expenditures as well as to predict the amount of cash needed to cover cost of sales, R&D expenses or production expansions. Investors should almost always look for trends in cash flow indicators such as Free Cash Flow of 269.3 M or Begin Period Cash Flow of 100.4 M as it is a great indicator of Chorus Aviation ability to facilitate future growth, repay debt on time or pay out dividends.
Financial Statement Analysis is much more than just reviewing and examining Chorus Aviation latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Chorus Aviation is a good buy for the upcoming year.
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About Chorus Cash Flow Analysis
The Cash Flow Statement is a financial statement that shows how changes in Chorus balance sheet and income statement accounts affect cash and cash equivalents. It breaks the analysis down to operating, investing, and financing activities. One of the most critical aspects of the cash flow statement is liquidity, which is the degree to which Chorus's non-liquid assets can be easily converted into cash.
Chorus Aviation Cash Flow Chart
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Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Chorus Aviation financial statement analysis. It represents the amount of money remaining after all of Chorus Aviation operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Stock Based Compensation
Compensation provided to employees in the form of equity or options to purchase company stock. This type of compensation is used to align the interests of employees and shareholders.Total Cashflows From Investing Activities
The net amount of cash used in or generated from a company's investment activities, such as purchasing or selling assets, during a reporting period.Most accounts from Chorus Aviation's cash flow statement are interrelated and interconnected. However, analyzing cash flow statement accounts one by one will only give a small insight into Chorus Aviation current financial condition. On the other hand, looking into the entire matrix of cash flow statement accounts, 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 Chorus Aviation. 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, Chorus Aviation's Investments are very stable compared to the past year.
| 2021 | 2022 | 2023 | 2024 (projected) | Stock Based Compensation | 3.5M | 11.2M | 9.1M | 7.7M | Depreciation | 201.1M | 202.6M | 207.4M | 117.8M |
Chorus Aviation cash flow statement Correlations
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Chorus Aviation Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Chorus Aviation cash flow statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change In Cash | (5.4M) | 78.6M | (42.1M) | (10.5M) | 8.5M | 15.2M | |
| Free Cash Flow | (614.0M) | (249.5M) | 110.3M | 217.2M | 256.5M | 269.3M | |
| Change In Working Capital | (4.6M) | (104.7M) | (3.3M) | 28.8M | (62.1M) | (59.0M) | |
| Begin Period Cash Flow | 92.6M | 87.2M | 165.7M | 178.4M | 167.9M | 100.4M | |
| Other Cashflows From Financing Activities | 9.0M | (407.6M) | (45.7M) | (6.4M) | (5.0M) | (5.2M) | |
| Other Non Cash Items | 3.5M | 5.1M | 8.5M | (752K) | 20.4M | 10.5M | |
| Dividends Paid | 53.6M | 55.3M | 18.7M | 14.6M | 35.1M | 46.4M | |
| Capital Expenditures | 875.7M | 406.1M | 74.7M | 62.3M | 43.2M | 41.0M | |
| Total Cash From Operating Activities | 261.7M | 156.6M | 185.0M | 279.5M | 299.7M | 192.9M | |
| Net Income | 133.2M | 41.5M | (20.5M) | 51.9M | 101.4M | 73.5M | |
| Total Cash From Financing Activities | 492.6M | 334.6M | (180.9M) | (71.5M) | (325.6M) | (309.3M) | |
| End Period Cash Flow | 87.2M | 165.7M | 123.6M | 167.9M | 176.4M | 121.4M | |
| Sale Purchase Of Stock | 106.3M | 0.0 | 68.6M | (5.5M) | (25.5M) | (24.3M) | |
| Change To Inventory | (6.2M) | (15.9M) | 1.6M | (19.5M) | (6.9M) | (6.5M) | |
| Depreciation | 136.9M | 224.4M | 201.1M | 202.6M | 207.4M | 117.8M | |
| Stock Based Compensation | 18.4M | 8.7M | 3.5M | 11.2M | 9.1M | 7.7M | |
| Change To Account Receivables | 8.3M | (42.8M) | (25.4M) | (44.6M) | (22.7M) | (21.6M) | |
| Net Borrowings | 441.6M | 353.2M | (249.5M) | (510.0M) | (459.0M) | (436.0M) | |
| Total Cashflows From Investing Activities | (755.0M) | (407.6M) | (45.7M) | (231.4M) | (208.2M) | (218.6M) | |
| Change To Operating Activities | (4.7M) | (22.9M) | (46.7M) | 3.6M | 3.3M | 3.4M | |
| Other Cashflows From Investing Activities | 30.2M | (13.2M) | 25.0M | (169.1M) | (152.2M) | (144.6M) | |
| Change To Netincome | (7.2M) | 59.4M | 58.1M | 17.7M | 15.9M | 31.7M | |
| Change To Liabilities | (10.7M) | (5.5M) | 55.8M | 63.7M | 73.3M | 76.9M | |
| Investments | (755.0M) | (407.6M) | (45.7M) | (231.4M) | 108.2M | 113.6M |
Pair Trading with Chorus Aviation
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 Chorus Aviation 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 Chorus Aviation will appreciate offsetting losses from the drop in the long position's value.Moving together with Chorus Stock
Moving against Chorus Stock
| 0.7 | TKU | Tarku Resources | PairCorr |
| 0.61 | TD | Toronto Dominion Bank | PairCorr |
| 0.35 | AQN-PD | Algonquin Power Utilities | PairCorr |
The ability to find closely correlated positions to Chorus Aviation could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Chorus Aviation 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 Chorus Aviation - 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 Chorus Aviation to buy it.
The correlation of Chorus Aviation 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 Chorus Aviation moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Chorus Aviation 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 Chorus Aviation 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 Chorus Stock
The Cash Flow Statement is a financial statement that shows how changes in Chorus balance sheet and income statement accounts affect cash and cash equivalents. It breaks the analysis down to operating, investing, and financing activities. One of the most critical aspects of the cash flow statement is liquidity, which is the degree to which Chorus's non-liquid assets can be easily converted into cash.