Celestica Total Current Liabilities vs Property Plant And Equipment Net Analysis

CLS Stock  CAD 187.37  3.18  1.73%   
Celestica financial indicator trend analysis is way more than just evaluating Celestica prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Celestica is a good investment. Please check the relationship between Celestica Total Current Liabilities and its Property Plant And Equipment Net accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Celestica. 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.
To learn how to invest in Celestica Stock, please use our How to Invest in Celestica guide.

Total Current Liabilities vs Property Plant And Equipment Net

Total Current Liabilities vs Property Plant And Equipment Net Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Celestica Total Current Liabilities account and Property Plant And Equipment Net. At this time, the significance of the direction appears to have strong relationship.
The correlation between Celestica's Total Current Liabilities and Property Plant And Equipment Net is 0.75. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Property Plant And Equipment Net in the same time period over historical financial statements of Celestica, assuming nothing else is changed. The correlation between historical values of Celestica's Total Current Liabilities and Property Plant And Equipment Net is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Liabilities of Celestica are associated (or correlated) with its Property Plant And Equipment Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Net has no effect on the direction of Total Current Liabilities i.e., Celestica's Total Current Liabilities and Property Plant And Equipment Net go up and down completely randomly.

Correlation Coefficient

0.75
Relationship DirectionPositive 
Relationship StrengthSignificant

Total Current Liabilities

Total Current Liabilities is an item on Celestica balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Celestica are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Property Plant And Equipment Net

The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.
Most indicators from Celestica's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Celestica 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 Celestica. 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.
To learn how to invest in Celestica Stock, please use our How to Invest in Celestica guide.At this time, Celestica's Tax Provision is very stable compared to the past year. As of the 18th of February 2025, Issuance Of Capital Stock is likely to grow to about 483 K, while Selling General Administrative is likely to drop about 271.5 M.
 2022 2023 2024 2025 (projected)
Gross Profit636.3M778.5M895.3M504.7M
Total Revenue7.3B8.0B7.2B5.4B

Celestica fundamental ratios Correlations

0.740.870.90.750.920.610.330.95-0.210.90.05-0.210.96-0.580.780.910.80.590.90.740.990.250.580.640.09
0.740.590.610.270.660.90.660.62-0.650.89-0.42-0.650.72-0.860.880.620.410.530.70.470.670.380.90.30.53
0.870.590.990.610.720.640.490.79-0.180.740.26-0.180.78-0.490.790.970.920.660.970.930.840.010.540.410.17
0.90.610.990.670.750.640.430.86-0.130.780.22-0.120.81-0.490.810.990.910.70.990.90.880.110.550.520.11
0.750.270.610.670.830.06-0.290.780.420.580.170.420.7-0.070.330.680.680.530.60.50.790.290.060.85-0.5
0.920.660.720.750.830.460.130.85-0.060.88-0.02-0.060.9-0.490.630.760.690.570.750.610.930.40.450.76-0.08
0.610.90.640.640.060.460.850.51-0.720.79-0.32-0.720.58-0.850.950.650.420.580.750.550.530.280.940.150.69
0.330.660.490.43-0.290.130.850.18-0.870.48-0.12-0.870.32-0.760.690.420.30.260.510.460.25-0.10.79-0.310.88
0.950.620.790.860.780.850.510.18-0.070.820.07-0.060.9-0.440.70.890.760.560.850.640.960.240.480.72-0.04
-0.21-0.65-0.18-0.130.42-0.06-0.72-0.87-0.07-0.430.371.0-0.220.67-0.49-0.14-0.030.04-0.23-0.11-0.140.1-0.770.39-0.93
0.90.890.740.780.580.880.790.480.82-0.43-0.29-0.430.84-0.690.860.790.610.590.830.580.860.370.820.570.34
0.05-0.420.260.220.17-0.02-0.32-0.120.070.37-0.290.370.080.18-0.210.190.460.060.110.370.12-0.54-0.52-0.1-0.41
-0.21-0.65-0.18-0.120.42-0.06-0.72-0.87-0.061.0-0.430.37-0.210.67-0.49-0.14-0.030.04-0.22-0.11-0.130.1-0.770.39-0.93
0.960.720.780.810.70.90.580.320.9-0.220.840.08-0.21-0.630.730.810.720.530.820.710.960.330.510.650.05
-0.58-0.86-0.49-0.49-0.07-0.49-0.85-0.76-0.440.67-0.690.180.67-0.63-0.81-0.52-0.3-0.57-0.59-0.4-0.53-0.26-0.74-0.14-0.52
0.780.880.790.810.330.630.950.690.7-0.490.86-0.21-0.490.73-0.810.820.570.730.890.690.70.350.860.390.46
0.910.620.970.990.680.760.650.420.89-0.140.790.19-0.140.81-0.520.820.890.730.980.840.890.090.560.540.11
0.80.410.920.910.680.690.420.30.76-0.030.610.46-0.030.72-0.30.570.890.540.850.860.81-0.10.320.39-0.01
0.590.530.660.70.530.570.580.260.560.040.590.060.040.53-0.570.730.730.540.740.570.550.370.410.57-0.11
0.90.70.970.990.60.750.750.510.85-0.230.830.11-0.220.82-0.590.890.980.850.740.880.860.180.650.50.2
0.740.470.930.90.50.610.550.460.64-0.110.580.37-0.110.71-0.40.690.840.860.570.880.720.040.40.320.11
0.990.670.840.880.790.930.530.250.96-0.140.860.12-0.130.96-0.530.70.890.810.550.860.720.220.480.660.0
0.250.380.010.110.290.40.28-0.10.240.10.37-0.540.10.33-0.260.350.09-0.10.370.180.040.220.250.65-0.14
0.580.90.540.550.060.450.940.790.48-0.770.82-0.52-0.770.51-0.740.860.560.320.410.650.40.480.250.130.77
0.640.30.410.520.850.760.15-0.310.720.390.57-0.10.390.65-0.140.390.540.390.570.50.320.660.650.13-0.47
0.090.530.170.11-0.5-0.080.690.88-0.04-0.930.34-0.41-0.930.05-0.520.460.11-0.01-0.110.20.110.0-0.140.77-0.47
Click cells to compare fundamentals

Celestica Account Relationship Matchups

Celestica fundamental ratios Accounts

202020212022202320242025 (projected)
Total Assets3.7B4.7B5.6B5.9B6.8B4.3B
Short Long Term Debt Total585.9M794.4M786.1M782.8M900.2M483.6M
Other Current Liab572.1M901.4M1.5B1.8B2.1B2.2B
Total Current Liabilities1.6B2.3B3.1B3.2B3.7B3.9B
Total Stockholder Equity1.4B1.5B1.7B1.8B1.6B1.5B
Property Plant And Equipment Net433.5M452.5M510.3M626.7M564.0M358.9M
Net Debt122.1M400.4M411.6M412.4M474.3M498.0M
Retained Earnings(1.4B)(1.3B)(1.1B)(839.6M)(755.6M)(793.4M)
Accounts Payable854.5M1.2B1.4B1.3B1.5B1.1B
Cash463.8M394M374.5M370.4M333.4M553.6M
Non Current Assets Total926.9M1.2B1.3B1.4B1.2B849.0M
Non Currrent Assets Other25.5M25.2M53.5M80.1M72.1M83.2M
Cash And Short Term Investments463.8M394M374.5M372.6M335.3M553.7M
Net Receivables1.1B1.3B1.4B1.8B2.1B1.1B
Common Stock Shares Outstanding129.1M126.7M123.6M120.3M108.3M147.6M
Liabilities And Stockholders Equity3.7B4.7B5.6B5.9B6.8B4.3B
Non Current Liabilities Total676.9M950.4M895.1M902.7M1.0B1.1B
Inventory1.1B1.7B2.4B2.1B2.4B2.5B
Other Current Assets88.5M84M208.7M238.2M214.4M225.1M
Other Stockholder Equity958.8M980.9M1.0B950.5M855.5M1.3B
Total Liab2.3B3.2B4.0B4.1B4.7B5.0B
Property Plant And Equipment Gross433.5M452.5M510.3M1.5B1.8B1.8B
Total Current Assets2.7B3.4B4.3B4.5B5.2B3.1B
Accumulated Other Comprehensive Income(15.2M)(26.8M)(1.3M)(14.9M)(13.4M)(12.7M)
Short Term Debt99.8M51.5M52.2M51.6M59.3M51.4M
Intangible Assets229.4M382M346.5M325.2M292.7M260.0M
Good Will198.6M324.2M321.8M321.7M289.5M207.4M
Common Stock1.8B1.8B1.7B1.7B1.5B1.8B
Other Liab152M174.3M200.1M161.2M185.4M171.1M
Net Tangible Assets896.9M971.7M747.9M1.0B901.9M830.3M
Other Assets56.1M64M115.1M(100K)(90K)(85.5K)
Deferred Long Term Liab4.1M3.3M4.7M3.2M2.9M2.7M
Property Plant Equipment459.1M433.5M452.5M510.3M586.8M424.6M
Long Term Debt486.1M742.9M606.6M589.3M677.7M506.6M
Long Term Debt Total559.1M486.1M742.9M733.9M844.0M519.5M
Capital Surpluse982.6M974.5M1.0B1.1B1.2B1.0B
Short Long Term Debt99.8M51.5M52.2M17M15.3M14.5M
Treasury Stock(20.2M)(14.8M)(15.7M)(48.9M)(44.0M)(41.8M)

Pair Trading with Celestica

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

Moving together with Celestica Stock

  0.73TD Toronto Dominion BankPairCorr

Moving against Celestica Stock

  0.78BNS Bank of Nova Scotia Earnings Call This WeekPairCorr
  0.56TD-PFI Toronto Dominion BankPairCorr
The ability to find closely correlated positions to Celestica could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Celestica 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 Celestica - 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 Celestica to buy it.
The correlation of Celestica 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 Celestica moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Celestica 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 Celestica 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 CorrelationCorrelation Matching
When determining whether Celestica is a strong investment it is important to analyze Celestica's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Celestica's future performance. For an informed investment choice regarding Celestica Stock, refer to the following important reports:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Celestica. 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.
To learn how to invest in Celestica Stock, please use our How to Invest in Celestica guide.
You can also try the CEOs Directory module to screen CEOs from public companies around the world.
Please note, there is a significant difference between Celestica's value and its price as these two are different measures arrived at by different means. Investors typically determine if Celestica is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Celestica'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.