IFabric Net Receivables vs Net Tangible Assets Analysis

IFA Stock

CAD 1.10 0.01 0.92%

IFabric Corp financial indicator trend analysis is infinitely more than just investigating iFabric Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether iFabric Corp is a good investment. Please check the relationship between IFabric Corp Net Receivables and its Net Tangible Assets accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in iFabric 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.

Net Receivables vs Net Tangible Assets

Net Receivables vs Net Tangible Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of iFabric Corp Net Receivables account and Net Tangible Assets. At this time, the significance of the direction appears to have strong relationship.

The correlation between IFabric Corp's Net Receivables and Net Tangible Assets is 0.66. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Net Tangible Assets in the same time period over historical financial statements of iFabric Corp, assuming nothing else is changed. The correlation between historical values of IFabric Corp's Net Receivables and Net Tangible 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 Net Receivables of iFabric Corp are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Net Receivables i.e., IFabric Corp's Net Receivables and Net Tangible Assets go up and down completely randomly.

Correlation Coefficient

0.66

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Net Receivables

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

Most indicators from IFabric Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into iFabric Corp 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 iFabric 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.

As of the 11th of December 2024, Sales General And Administrative To Revenue is likely to grow to 27.24, while Selling General Administrative is likely to drop about 3.5 M.

	2020	2021	2023	2024 (projected)
Interest Income	223K	175.3K	157.8K	167.4K
Reconciled Depreciation	90.1K	130.7K	117.6K	116.6K

Interest Income Reconciled Depreciation

IFabric Corp fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Net Debt	Accounts Payable	Cash	Cash And Short Term Investments	Common Stock Shares Outstanding	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Net Tangible Assets	Retained Earnings	Short Term Investments	Short Term Debt	Common Stock	Other Current Liab	Common Stock Total Equity	Short Long Term Debt	Short Long Term Debt Total	Property Plant And Equipment Net	Current Deferred Revenue	Non Current Assets Total	Non Currrent Assets Other	Net Receivables
Total Assets		0.61	0.99	-0.28	0.92	0.43	0.43	0.63	0.92	0.58	0.55	0.99	0.98	0.55	-0.54	0.46	0.93	0.61	0.63	0.51	0.34	0.76	-0.06	0.75	-0.76	0.74
Total Current Liabilities	0.61		0.51	-0.14	0.53	0.27	0.27	0.58	0.65	0.29	0.91	0.61	0.47	0.42	-0.37	0.69	0.47	0.7	0.61	0.69	0.4	0.48	0.6	0.52	-0.5	0.72
Total Stockholder Equity	0.99	0.51		-0.32	0.91	0.45	0.45	0.57	0.9	0.56	0.42	0.99	0.99	0.54	-0.58	0.42	0.95	0.57	0.55	0.47	0.29	0.78	-0.19	0.75	-0.77	0.72
Net Debt	-0.28	-0.14	-0.32		-0.15	-0.96	-0.96	-0.1	-0.23	0.1	-0.03	-0.33	-0.26	-0.48	0.5	0.02	-0.43	-0.36	-0.09	0.0	0.2	-0.02	0.04	0.02	0.22	-0.33
Accounts Payable	0.92	0.53	0.91	-0.15		0.29	0.29	0.52	0.87	0.76	0.49	0.9	0.92	0.29	-0.39	0.33	0.83	0.36	0.52	0.37	0.31	0.74	-0.06	0.79	-0.61	0.55
Cash	0.43	0.27	0.45	-0.96	0.29		1.0	0.3	0.31	0.05	0.19	0.47	0.4	0.6	-0.47	0.16	0.52	0.48	0.28	0.18	0.02	0.17	-0.08	0.13	-0.35	0.43
Cash And Short Term Investments	0.43	0.27	0.45	-0.96	0.29	1.0		0.3	0.31	0.06	0.19	0.47	0.4	0.6	-0.47	0.16	0.52	0.48	0.28	0.18	0.02	0.17	-0.08	0.13	-0.35	0.43
Common Stock Shares Outstanding	0.63	0.58	0.57	-0.1	0.52	0.3	0.3		0.4	0.32	0.73	0.58	0.56	0.77	-0.24	0.44	0.48	0.51	0.98	0.41	0.35	0.49	0.03	0.53	-0.45	0.44
Other Current Assets	0.92	0.65	0.9	-0.23	0.87	0.31	0.31	0.4		0.48	0.53	0.93	0.9	0.3	-0.64	0.37	0.89	0.55	0.43	0.42	0.16	0.74	0.14	0.73	-0.66	0.71
Other Stockholder Equity	0.58	0.29	0.56	0.1	0.76	0.05	0.06	0.32	0.48		0.29	0.53	0.59	0.0	-0.16	0.2	0.38	-0.01	0.33	0.27	0.51	0.64	-0.09	0.68	-0.58	0.13
Total Liab	0.55	0.91	0.42	-0.03	0.49	0.19	0.19	0.73	0.53	0.29		0.52	0.41	0.46	-0.2	0.54	0.36	0.6	0.79	0.51	0.37	0.4	0.6	0.46	-0.33	0.54
Total Current Assets	0.99	0.61	0.99	-0.33	0.9	0.47	0.47	0.58	0.93	0.53	0.52		0.97	0.56	-0.57	0.46	0.95	0.64	0.58	0.51	0.31	0.75	-0.06	0.73	-0.75	0.78
Net Tangible Assets	0.98	0.47	0.99	-0.26	0.92	0.4	0.4	0.56	0.9	0.59	0.41	0.97		0.48	-0.55	0.38	0.93	0.53	0.55	0.43	0.28	0.79	-0.21	0.77	-0.73	0.66
Retained Earnings	0.55	0.42	0.54	-0.48	0.29	0.6	0.6	0.77	0.3	0.0	0.46	0.56	0.48		-0.31	0.4	0.52	0.69	0.74	0.4	0.23	0.21	-0.08	0.16	-0.48	0.59
Short Term Investments	-0.54	-0.37	-0.58	0.5	-0.39	-0.47	-0.47	-0.24	-0.64	-0.16	-0.2	-0.57	-0.55	-0.31		-0.05	-0.57	-0.38	-0.23	-0.11	0.16	-0.55	-0.15	-0.52	0.66	-0.38
Short Term Debt	0.46	0.69	0.42	0.02	0.33	0.16	0.16	0.44	0.37	0.2	0.54	0.46	0.38	0.4	-0.05		0.36	0.66	0.41	0.98	0.73	0.44	0.08	0.39	-0.52	0.74
Common Stock	0.93	0.47	0.95	-0.43	0.83	0.52	0.52	0.48	0.89	0.38	0.36	0.95	0.93	0.52	-0.57	0.36		0.55	0.45	0.4	0.17	0.67	-0.2	0.64	-0.62	0.78
Other Current Liab	0.61	0.7	0.57	-0.36	0.36	0.48	0.48	0.51	0.55	-0.01	0.6	0.64	0.53	0.69	-0.38	0.66	0.55		0.49	0.65	0.31	0.41	0.17	0.36	-0.5	0.79
Common Stock Total Equity	0.63	0.61	0.55	-0.09	0.52	0.28	0.28	0.98	0.43	0.33	0.79	0.58	0.55	0.74	-0.23	0.41	0.45	0.49		0.39	0.32	0.44	0.14	0.48	-0.43	0.41
Short Long Term Debt	0.51	0.69	0.47	0.0	0.37	0.18	0.18	0.41	0.42	0.27	0.51	0.51	0.43	0.4	-0.11	0.98	0.4	0.65	0.39		0.75	0.49	0.06	0.43	-0.62	0.77
Short Long Term Debt Total	0.34	0.4	0.29	0.2	0.31	0.02	0.02	0.35	0.16	0.51	0.37	0.31	0.28	0.23	0.16	0.73	0.17	0.31	0.32	0.75		0.47	-0.11	0.39	-0.49	0.42
Property Plant And Equipment Net	0.76	0.48	0.78	-0.02	0.74	0.17	0.17	0.49	0.74	0.64	0.4	0.75	0.79	0.21	-0.55	0.44	0.67	0.41	0.44	0.49	0.47		-0.19	0.98	-0.73	0.51
Current Deferred Revenue	-0.06	0.6	-0.19	0.04	-0.06	-0.08	-0.08	0.03	0.14	-0.09	0.6	-0.06	-0.21	-0.08	-0.15	0.08	-0.2	0.17	0.14	0.06	-0.11	-0.19		-0.11	0.06	0.08
Non Current Assets Total	0.75	0.52	0.75	0.02	0.79	0.13	0.13	0.53	0.73	0.68	0.46	0.73	0.77	0.16	-0.52	0.39	0.64	0.36	0.48	0.43	0.39	0.98	-0.11		-0.65	0.44
Non Currrent Assets Other	-0.76	-0.5	-0.77	0.22	-0.61	-0.35	-0.35	-0.45	-0.66	-0.58	-0.33	-0.75	-0.73	-0.48	0.66	-0.52	-0.62	-0.5	-0.43	-0.62	-0.49	-0.73	0.06	-0.65		-0.61
Net Receivables	0.74	0.72	0.72	-0.33	0.55	0.43	0.43	0.44	0.71	0.13	0.54	0.78	0.66	0.59	-0.38	0.74	0.78	0.79	0.41	0.77	0.42	0.51	0.08	0.44	-0.61

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IFabric Corp Account Relationship Matchups

IFabric Corp fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	17.5M	27.6M	27.4M	25.9M	29.8M	31.3M
Total Current Liabilities	7.5M	4.8M	4.0M	4.3M	5.0M	2.5M
Total Stockholder Equity	9.3M	22.3M	22.8M	20.7M	23.8M	25.0M
Net Debt	154.8K	(7.6M)	293.3K	454.9K	409.5K	429.9K
Accounts Payable	1.2M	2.2M	2.0M	2.6M	3.0M	3.1M
Cash	1.2M	8.9M	944.7K	1.6M	1.8M	1.5M
Cash And Short Term Investments	1.2M	8.9M	944.7K	1.6M	1.8M	1.5M
Common Stock Shares Outstanding	26.3M	29.2M	30.4M	30.2M	34.7M	21.7M
Liabilities And Stockholders Equity	17.5M	27.6M	27.4M	25.9M	29.8M	31.3M
Other Current Assets	4.3M	4.8M	5.4M	4.9M	5.6M	5.9M
Other Stockholder Equity	2.0M	2.2M	259.1K	6.4M	7.4M	7.8M
Total Liab	8.2M	5.4M	4.6M	5.2M	6.0M	3.5M
Total Current Assets	13.2M	23.2M	22.7M	19.9M	22.9M	24.0M
Net Tangible Assets	9.2M	9.3M	22.2M	22.7M	26.1M	27.4M
Retained Earnings	3.2M	5.6M	5.2M	3.1M	3.5M	3.0M
Short Term Debt	1.3M	1.2M	1.2M	1.1M	1.3M	856.9K
Common Stock	3.3M	13.6M	13.7M	9.0M	10.3M	10.9M
Other Current Liab	832.2K	946.7K	737.2K	566.0K	650.9K	438.8K
Short Long Term Debt	1.3M	1.3M	1.2M	1.2M	1.3M	959.6K
Short Long Term Debt Total	1.8M	1.8M	1.8M	2.0M	2.3M	2.1M
Property Plant And Equipment Net	2.8M	3.0M	3.2M	3.6M	4.2M	3.1M
Current Deferred Revenue	4.2M	377.3K	118.3K	114.2K	131.4K	124.8K
Non Current Assets Total	4.3M	4.4M	4.7M	6.0M	6.9M	4.7M
Non Currrent Assets Other	370.7K	363.1K	292.1K	178.0K	160.2K	152.2K
Net Receivables	4.6M	6.5M	7.0M	4.0M	4.5M	3.9M
Non Current Liabilities Total	650.1K	551.3K	614.7K	906.8K	816.1K	1.0M
Inventory	3.1M	3.0M	9.4M	9.5M	10.9M	11.4M
Property Plant And Equipment Gross	2.8M	2.8M	3.7M	3.9M	4.5M	3.2M
Accumulated Other Comprehensive Income	2.8M	3.1M	3.9M	2.2M	2.5M	1.4M
Other Assets	1.1M	1.4M	1.4M	1.2M	1.3M	1.3M
Long Term Debt	476.8K	502.2K	530.4K	581.3K	523.2K	846.9K
Deferred Long Term Liab	107.3K	258.5K	231.7K	204.8K	184.4K	268.7K
Property Plant Equipment	2.8M	2.8M	3.0M	3.2M	3.6M	3.1M
Long Term Debt Total	476.8K	527.6K	551.3K	614.7K	553.2K	765.5K
Intangible Assets	107.3K	258.5K	231.7K	204.8K	184.4K	226.4K
Net Invested Capital	10.5M	10.6M	23.5M	23.9M	27.5M	17.1M
Net Working Capital	5.8M	5.7M	18.4M	18.7M	21.5M	11.7M

Pair Trading with IFabric Corp

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

The ability to find closely correlated positions to IFabric Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace IFabric Corp 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 IFabric Corp - 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 iFabric Corp to buy it.

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

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

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IFabric Net Receivables vs Net Tangible Assets Analysis

Net Receivables vs Net Tangible Assets

Net Receivables vs Net Tangible Assets Correlation Analysis

Correlation Coefficient

Net Receivables

Net Tangible Assets

IFabric Corp fundamental ratios Correlations

IFabric Corp Account Relationship Matchups

High Positive Relationship

High Negative Relationship

IFabric Corp fundamental ratios Accounts

Pair Trading with IFabric Corp

Other Information on Investing in IFabric Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Total Stockholder Equity	+ 0.99	Total Assets
Total Current Assets	+ 0.99	Total Assets
Total Current Assets	+ 0.99	Total Stockholder Equity
Net Tangible Assets	+ 0.99	Total Stockholder Equity
Net Tangible Assets	+ 0.98	Total Assets

Cash And Short Term Investments	- 0.96	Net Debt
Cash	- 0.96	Net Debt
Non Currrent Assets Other	- 0.77	Total Stockholder Equity
Non Currrent Assets Other	- 0.76	Total Assets
Non Currrent Assets Other	- 0.75	Total Current Assets
Non Currrent Assets Other	- 0.73	Property Plant And Equipment Net