Capital Inventory vs Other Current Assets Analysis

CPX Stock

CAD 52.07 1.05 2.06%

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

Inventory vs Other Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Capital Power Inventory account and Other Current Assets. At this time, the significance of the direction appears to have strong relationship.

The correlation between Capital Power's Inventory and Other Current Assets is 0.6. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Capital Power, assuming nothing else is changed. The correlation between historical values of Capital Power's Inventory and Other Current Assets 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 Capital Power are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Inventory i.e., Capital Power's Inventory and Other Current Assets go up and down completely randomly.

Correlation Coefficient

0.6

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Inventory

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.

Most indicators from Capital Power's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Capital Power 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 Capital Power. 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, Capital Power'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 481.8 M, while Selling General Administrative is likely to drop about 270.8 M.

	2023	2024	2025 (projected)
Interest Expense	163M	187.5M	126.5M
Depreciation And Amortization	574M	660.1M	333.9M

Interest Expense Depreciation And Amortization

Capital 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	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Good Will	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
Total Assets		0.82	0.78	0.82	0.69	0.97	0.65	0.92	-0.79	0.09	0.68	0.99	-0.36	0.68	0.73	-0.23	0.89	0.98	0.85	0.71	-0.21	0.86	0.83	0.76	0.48	0.93
Short Long Term Debt Total	0.82		0.85	0.95	0.41	0.79	0.57	0.84	-0.66	0.25	0.9	0.8	-0.58	0.9	0.88	0.02	0.73	0.83	0.95	0.66	-0.05	0.98	0.95	0.96	0.57	0.76
Other Current Liab	0.78	0.85		0.93	0.33	0.75	0.61	0.74	-0.79	0.12	0.75	0.75	-0.52	0.75	0.92	-0.13	0.72	0.77	0.85	0.75	0.01	0.91	0.93	0.86	0.3	0.73
Total Current Liabilities	0.82	0.95	0.93		0.43	0.78	0.54	0.8	-0.71	0.18	0.85	0.8	-0.53	0.84	0.9	-0.07	0.75	0.79	0.93	0.73	-0.12	0.96	0.95	0.93	0.59	0.76
Total Stockholder Equity	0.69	0.41	0.33	0.43		0.69	0.2	0.46	-0.5	-0.49	0.4	0.73	0.06	0.39	0.16	-0.7	0.73	0.57	0.62	0.14	-0.68	0.46	0.48	0.39	0.62	0.68
Property Plant And Equipment Net	0.97	0.79	0.75	0.78	0.69		0.67	0.91	-0.84	-0.04	0.62	0.98	-0.42	0.61	0.65	-0.32	0.87	0.94	0.83	0.69	-0.18	0.83	0.83	0.69	0.48	0.99
Current Deferred Revenue	0.65	0.57	0.61	0.54	0.2	0.67		0.78	-0.85	0.29	0.24	0.69	-0.04	0.24	0.64	0.16	0.57	0.76	0.51	0.55	0.02	0.65	0.56	0.41	-0.05	0.68
Net Debt	0.92	0.84	0.74	0.8	0.46	0.91	0.78		-0.79	0.3	0.59	0.92	-0.36	0.58	0.77	0.06	0.77	0.96	0.78	0.73	-0.11	0.85	0.77	0.7	0.41	0.91
Retained Earnings	-0.79	-0.66	-0.79	-0.71	-0.5	-0.84	-0.85	-0.79		0.1	-0.4	-0.84	0.22	-0.39	-0.65	0.28	-0.72	-0.81	-0.71	-0.59	0.18	-0.76	-0.76	-0.54	-0.19	-0.88
Accounts Payable	0.09	0.25	0.12	0.18	-0.49	-0.04	0.29	0.3	0.1		0.18	0.0	-0.13	0.18	0.43	0.91	-0.04	0.23	-0.01	0.33	0.42	0.19	0.06	0.23	-0.17	-0.1
Cash	0.68	0.9	0.75	0.85	0.4	0.62	0.24	0.59	-0.4	0.18		0.62	-0.67	1.0	0.76	-0.08	0.63	0.64	0.89	0.54	0.02	0.86	0.89	0.97	0.58	0.55
Non Current Assets Total	0.99	0.8	0.75	0.8	0.73	0.98	0.69	0.92	-0.84	0.0	0.62		-0.29	0.61	0.68	-0.29	0.9	0.96	0.85	0.65	-0.29	0.85	0.82	0.7	0.5	0.96
Non Currrent Assets Other	-0.36	-0.58	-0.52	-0.53	0.06	-0.42	-0.04	-0.36	0.22	-0.13	-0.67	-0.29		-0.68	-0.48	0.01	-0.27	-0.34	-0.48	-0.55	-0.53	-0.5	-0.6	-0.62	-0.26	-0.39
Cash And Short Term Investments	0.68	0.9	0.75	0.84	0.39	0.61	0.24	0.58	-0.39	0.18	1.0	0.61	-0.68		0.76	-0.08	0.63	0.64	0.88	0.54	0.03	0.86	0.89	0.97	0.57	0.54
Net Receivables	0.73	0.88	0.92	0.9	0.16	0.65	0.64	0.77	-0.65	0.43	0.76	0.68	-0.48	0.76		0.18	0.61	0.77	0.8	0.74	0.09	0.9	0.85	0.88	0.25	0.61
Good Will	-0.23	0.02	-0.13	-0.07	-0.7	-0.32	0.16	0.06	0.28	0.91	-0.08	-0.29	0.01	-0.08	0.18		-0.29	-0.07	-0.25	0.09	0.48	-0.05	-0.19	-0.03	-0.29	-0.34
Common Stock Shares Outstanding	0.89	0.73	0.72	0.75	0.73	0.87	0.57	0.77	-0.72	-0.04	0.63	0.9	-0.27	0.63	0.61	-0.29		0.85	0.8	0.52	-0.2	0.78	0.78	0.69	0.47	0.83
Non Current Liabilities Total	0.98	0.83	0.77	0.79	0.57	0.94	0.76	0.96	-0.81	0.23	0.64	0.96	-0.34	0.64	0.77	-0.07	0.85		0.81	0.71	-0.11	0.86	0.81	0.74	0.35	0.91
Inventory	0.85	0.95	0.85	0.93	0.62	0.83	0.51	0.78	-0.71	-0.01	0.89	0.85	-0.48	0.88	0.8	-0.25	0.8	0.81		0.6	-0.23	0.96	0.96	0.93	0.65	0.8
Other Current Assets	0.71	0.66	0.75	0.73	0.14	0.69	0.55	0.73	-0.59	0.33	0.54	0.65	-0.55	0.54	0.74	0.09	0.52	0.71	0.6		0.26	0.67	0.68	0.64	0.23	0.66
Other Stockholder Equity	-0.21	-0.05	0.01	-0.12	-0.68	-0.18	0.02	-0.11	0.18	0.42	0.02	-0.29	-0.53	0.03	0.09	0.48	-0.2	-0.11	-0.23	0.26		-0.1	-0.06	0.0	-0.49	-0.23
Total Liab	0.86	0.98	0.91	0.96	0.46	0.83	0.65	0.85	-0.76	0.19	0.86	0.85	-0.5	0.86	0.9	-0.05	0.78	0.86	0.96	0.67	-0.1		0.97	0.94	0.52	0.8
Property Plant And Equipment Gross	0.83	0.95	0.93	0.95	0.48	0.83	0.56	0.77	-0.76	0.06	0.89	0.82	-0.6	0.89	0.85	-0.19	0.78	0.81	0.96	0.68	-0.06	0.97		0.94	0.5	0.79
Total Current Assets	0.76	0.96	0.86	0.93	0.39	0.69	0.41	0.7	-0.54	0.23	0.97	0.7	-0.62	0.97	0.88	-0.03	0.69	0.74	0.93	0.64	0.0	0.94	0.94		0.53	0.63
Short Term Debt	0.48	0.57	0.3	0.59	0.62	0.48	-0.05	0.41	-0.19	-0.17	0.58	0.5	-0.26	0.57	0.25	-0.29	0.47	0.35	0.65	0.23	-0.49	0.52	0.5	0.53		0.5
Intangible Assets	0.93	0.76	0.73	0.76	0.68	0.99	0.68	0.91	-0.88	-0.1	0.55	0.96	-0.39	0.54	0.61	-0.34	0.83	0.91	0.8	0.66	-0.23	0.8	0.79	0.63	0.5

Click cells to compare fundamentals

Capital Power Account Relationship Matchups

Capital Power fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	8.9B	9.1B	10.1B	11.2B	12.8B	7.4B
Short Long Term Debt Total	3.7B	3.5B	3.9B	4.9B	5.6B	5.9B
Other Current Liab	521M	850M	1.8B	1.2B	1.4B	1.4B
Total Current Liabilities	1.2B	1.2B	2.2B	2.0B	2.4B	2.5B
Total Stockholder Equity	2.9B	2.8B	2.5B	3.2B	3.7B	2.4B
Property Plant And Equipment Net	6.2B	6.3B	6.5B	6.7B	7.7B	4.9B
Current Deferred Revenue	135M	153M	158M	71M	81.7M	66.5M
Net Debt	3.4B	3.1B	3.6B	3.5B	4.0B	2.6B
Retained Earnings	(474M)	(671M)	(835M)	(404M)	(363.6M)	(345.4M)
Accounts Payable	78M	69M	117M	183M	164.7M	94.9M
Cash	343M	370M	290M	1.4B	1.6B	1.7B
Non Current Assets Total	7.8B	7.9B	8.4B	8.5B	9.8B	6.5B
Non Currrent Assets Other	601M	618M	688M	110M	126.5M	120.2M
Cash And Short Term Investments	343M	370M	290M	1.4B	1.6B	1.7B
Net Receivables	463M	432M	910M	707M	813.1M	853.7M
Common Stock Shares Outstanding	105.9M	112.8M	117.2M	117.5M	135.1M	104.0M
Liabilities And Stockholders Equity	8.9B	9.1B	10.1B	11.2B	12.8B	7.4B
Non Current Liabilities Total	4.8B	5.0B	5.5B	5.9B	6.8B	3.5B
Inventory	220M	217M	242M	309M	355.4M	373.1M
Other Current Assets	107M	150M	227M	193M	222.0M	112.5M
Other Stockholder Equity	(953M)	(91M)	(119M)	(209M)	(188.1M)	(197.5M)
Total Liab	6.0B	6.2B	7.7B	8.0B	9.2B	9.6B
Property Plant And Equipment Gross	6.2B	8.5B	9B	9.7B	11.1B	11.7B
Total Current Assets	1.2B	1.2B	1.7B	2.6B	3.0B	3.2B
Accumulated Other Comprehensive Income	(91M)	(119M)	(209M)	70M	63M	66.2M
Short Term Debt	423M	132M	140M	597M	686.6M	720.9M
Intangible Assets	738M	749M	782M	740M	851M	505.6M
Common Stock	2.5B	2.9B	2.9B	2.9B	3.4B	3.1B
Other Liab	1.4B	1.5B	1.6B	1.7B	2.0B	1.3B
Net Tangible Assets	1.3B	1.2B	1.3B	1.0B	930.6M	1.2B
Other Assets	640M	617M	625M	364M	327.6M	605.9M
Long Term Debt	3.1B	3.2B	3.6B	4.1B	4.7B	2.5B
Long Term Investments	134M	145M	437M	455M	523.3M	549.4M
Short Long Term Debt	417M	126M	133M	590M	531M	399.2M
Property Plant Equipment	6.2B	6.2B	6.3B	6.5B	7.5B	5.5B
Long Term Debt Total	2.7B	3.3B	3.4B	3.7B	4.3B	2.7B
Capital Lease Obligations	143M	137M	146M	147M	169.1M	100.9M

Pair Trading with Capital 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 Capital 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 Capital Power will appreciate offsetting losses from the drop in the long position's value.

Moving together with Capital Stock

0.64

NVDA

NVIDIA CDR Earnings Call Tomorrow

Pair Corr

Moving against Capital Stock

0.73	JPM	JPMorgan Chase	Pair Corr
0.68	META	Meta Platforms CDR	Pair Corr
0.68	PGDC	Patagonia Gold Corp	Pair Corr
0.53	LLY	Eli Lilly	Pair Corr
0.51	SHOP	Shopify	Pair Corr

The ability to find closely correlated positions to Capital 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 Capital 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 Capital 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 Capital Power to buy it.

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

Other Information on Investing in Capital Stock

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

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Capital Inventory vs Other Current Assets Analysis

Inventory vs Other Current Assets

Inventory vs Other Current Assets Correlation Analysis

Correlation Coefficient

Inventory

Other Current Assets

Capital Power fundamental ratios Correlations

Capital Power Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Capital Power fundamental ratios Accounts

Pair Trading with Capital Power

Moving together with Capital Stock

Moving against Capital Stock

Other Information on Investing in Capital Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Non Current Assets Total	+ 0.99	Total Assets
Intangible Assets	+ 0.99	Property Plant And Equipment Net
Non Current Liabilities Total	+ 0.98	Total Assets
Total Liab	+ 0.98	Short Long Term Debt Total
Non Current Assets Total	+ 0.98	Property Plant And Equipment Net

Intangible Assets	- 0.88	Retained Earnings
Retained Earnings	- 0.85	Current Deferred Revenue
Non Current Assets Total	- 0.84	Retained Earnings
Retained Earnings	- 0.84	Property Plant And Equipment Net
Non Current Liabilities Total	- 0.81	Retained Earnings
Retained Earnings	- 0.79	Net Debt