GTES Stock | | | USD 22.35 0.02 0.09% |
Gates Industrial financial indicator trend analysis is much more than just examining Gates Industrial latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Gates Industrial is a good investment. Please check the relationship between Gates Industrial Total Cash From Operating Activities and its Net Debt accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gates Industrial. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in income.
For more information on how to buy Gates Stock please use our
How to Invest in Gates Industrial guide.
Total Cash From Operating Activities vs Net Debt
Total Cash From Operating Activities vs Net Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Gates Industrial Total Cash From Operating Activities account and
Net Debt. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Gates Industrial's Total Cash From Operating Activities and Net Debt is -0.25. Overlapping area represents the amount of variation of Total Cash From Operating Activities that can explain the historical movement of Net Debt in the same time period over historical financial statements of Gates Industrial, assuming nothing else is changed. The correlation between historical values of Gates Industrial's Total Cash From Operating Activities and Net Debt 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 Cash From Operating Activities of Gates Industrial are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Total Cash From Operating Activities i.e., Gates Industrial's Total Cash From Operating Activities and Net Debt go up and down completely randomly.
Correlation Coefficient | -0.25 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Total Cash From Operating Activities
Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.
Most indicators from Gates Industrial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Gates Industrial 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
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gates Industrial. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in income.
For more information on how to buy Gates Stock please use our
How to Invest in Gates Industrial guide.At this time, Gates Industrial's
Tax Provision is comparatively stable compared to the past year.
Selling General Administrative is likely to gain to about 890.5
M in 2024, whereas
Issuance Of Capital Stock is likely to drop slightly above 17.4
M in 2024.
Gates Industrial fundamental ratios Correlations
Click cells to compare fundamentals
Gates Industrial Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Gates Industrial fundamental ratios Accounts
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Additional Tools for Gates Stock Analysis
When running Gates Industrial's price analysis, check to
measure Gates Industrial's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Gates Industrial is operating at the current time. Most of Gates Industrial's value examination focuses on studying past and present price action to
predict the probability of Gates Industrial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gates Industrial's price. Additionally, you may evaluate how the addition of Gates Industrial to your portfolios can decrease your overall portfolio volatility.