ECN Historical Income Statement
| ECN Stock | CAD 2.81 0.03 1.08% |
Historical analysis of ECN Capital income statement accounts such as Selling General Administrative of 62.2 M or Total Revenue of 75.5 M can show how well ECN Capital Corp performed in making a profits. Evaluating ECN Capital income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of ECN Capital's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining ECN Capital Corp 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 ECN Capital Corp is a good buy for the upcoming year.
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About ECN Income Statement Analysis
ECN Capital Corp Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to ECN Capital shareholders. The income statement also shows ECN investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
ECN Capital Income Statement Chart
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Interest Expense
The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.Total Revenue
Total revenue comprises all receipts ECN Capital Corp generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of ECN Capital Corp. It is also known as ECN Capital overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Cost Of Revenue
Cost of Revenue is found on ECN Capital Corp income statement and represents the costs associated with goods and services ECN Capital provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.Interest Income
Income earned from the investment of cash or from lending money to others, including interest from bank accounts, bonds, or other interest-bearing investments.Most accounts from ECN Capital's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into ECN Capital Corp current financial condition. On the other hand, looking into the entire matrix of income 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in ECN Capital Corp. 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, ECN Capital's Depreciation And Amortization is very stable compared to the past year. As of the 30th of November 2024, Selling General Administrative is likely to grow to about 62.2 M, while Interest Expense is likely to drop about 5.1 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 964.8M | 4.7M | 5.4M | 5.1M | Depreciation And Amortization | 9.4M | 12.9M | 14.8M | 20.8M |
ECN Capital income statement Correlations
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ECN Capital Account Relationship Matchups
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ECN Capital income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 31.6M | 24.0M | 9.4M | 12.9M | 14.8M | 20.8M | |
| Interest Expense | 24.6M | 22.8M | 964.8M | 4.7M | 5.4M | 5.1M | |
| Selling General Administrative | 60.7M | 81.9M | 80.8M | 53.7M | 58.5M | 62.2M | |
| Total Revenue | 248.3M | 266.7M | 215.4M | 196.7M | 79.5M | 75.5M | |
| Gross Profit | 146.9M | 167.4M | 120.8M | 90.8M | (62.7M) | (59.6M) | |
| Other Operating Expenses | 193.7M | 217.8M | 202.9M | 172.5M | 159.9M | 183.7M | |
| Operating Income | 101.9M | 75.3M | 19.4M | 31.1M | (45.1M) | (42.8M) | |
| Net Income From Continuing Ops | 10.4M | 15.8M | 5.0M | 6.7M | (106.8M) | (101.4M) | |
| Ebit | 101.9M | (1.3M) | (19.3M) | 31.1M | (55.7M) | (52.9M) | |
| Ebitda | 133.5M | 22.7M | (9.9M) | 44.0M | (40.8M) | (38.8M) | |
| Cost Of Revenue | 101.4M | 99.3M | 94.6M | 105.9M | 142.2M | 108.9M | |
| Total Operating Expenses | 92.3M | 118.6M | 108.3M | 66.6M | 17.7M | 16.8M | |
| Income Before Tax | 5.7M | 22.5M | 5.5M | 17.3M | (101.7M) | (96.6M) | |
| Total Other Income Expense Net | (48.9M) | (50.7M) | (13.6M) | (6.9M) | (56.6M) | (53.8M) | |
| Net Income Applicable To Common Shares | (24.4M) | (22.9M) | 955.0M | 10.9M | 12.5M | 11.9M | |
| Net Income | 10.4M | 15.8M | 5.0M | 6.7M | (106.8M) | (101.4M) | |
| Income Tax Expense | (4.7M) | 6.6M | 545K | 10.5M | 5.1M | 5.4M | |
| Discontinued Operations | (25.1M) | (29.4M) | 964.8M | 9.2M | 10.5M | 10.0M | |
| Tax Provision | (4.7M) | 6.6M | 545K | 10.5M | 5.1M | 5.4M | |
| Net Interest Income | (60.6M) | (31.3M) | (24.6M) | (22.8M) | (26.3M) | (27.6M) | |
| Interest Income | 23.3M | 17.4M | 24.6M | 21.9M | 19.7M | 18.7M | |
| Extraordinary Items | (25.1M) | (29.4M) | 964.8M | 9.2M | 10.5M | 10.0M | |
| Reconciled Depreciation | 31.6M | 36.7M | 27.5M | 12.9M | 14.8M | 24.6M |
Pair Trading with ECN Capital
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 ECN Capital 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 ECN Capital will appreciate offsetting losses from the drop in the long position's value.Moving together with ECN Stock
Moving against ECN Stock
| 0.64 | AQN | Algonquin Power Utilities | PairCorr |
| 0.61 | T | Telus Corp | PairCorr |
| 0.48 | TD | Toronto Dominion Bank Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to ECN Capital could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ECN Capital 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 ECN Capital - 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 ECN Capital Corp to buy it.
The correlation of ECN Capital 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 ECN Capital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ECN Capital Corp 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 ECN Capital 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 ECN Stock
ECN Capital Corp Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to ECN Capital shareholders. The income statement also shows ECN investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).