Innergex Total Current Liabilities vs Retained Earnings Analysis

INE Stock

CAD 7.45 0.12 1.64%

Innergex Renewable financial indicator trend analysis is infinitely more than just investigating Innergex Renewable Energy recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Innergex Renewable Energy is a good investment. Please check the relationship between Innergex Renewable Total Current Liabilities and its Retained Earnings accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Innergex Renewable Energy. 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.

Total Current Liabilities vs Retained Earnings

Total Current Liabilities vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Innergex Renewable Energy Total Current Liabilities account and Retained Earnings. At this time, the significance of the direction appears to have pay attention.

The correlation between Innergex Renewable's Total Current Liabilities and Retained Earnings is -0.72. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Innergex Renewable Energy, assuming nothing else is changed. The correlation between historical values of Innergex Renewable's Total Current Liabilities and Retained Earnings 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 Innergex Renewable Energy are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Total Current Liabilities i.e., Innergex Renewable's Total Current Liabilities and Retained Earnings go up and down completely randomly.

Correlation Coefficient

-0.72

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

Total Current Liabilities

Total Current Liabilities is an item on Innergex Renewable balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Innergex Renewable Energy 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.

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Most indicators from Innergex Renewable's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Innergex Renewable Energy 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 Innergex Renewable Energy. 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, Innergex Renewable's Selling General Administrative is very stable compared to the past year. As of the 18th of February 2025, Discontinued Operations is likely to grow to about 26.3 M, though Tax Provision is likely to grow to (40.1 M).

	2022	2023	2024	2025 (projected)
Gross Profit	326.7M	781.6M	898.9M	943.8M
Total Revenue	870.5M	1.0B	1.2B	1.3B

Gross Profit Total Revenue

Innergex Renewable fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Total Liab	Property Plant And Equipment Gross	Short Long Term Debt	Total Current Assets	Short Term Debt
Total Assets		1.0	0.65	0.75	0.93	-0.47	1.0	1.0	-0.96	0.97	0.95	1.0	0.8	0.88	0.99	0.95	0.88	0.32	0.98	1.0	0.64	1.0	0.99	-0.22	0.92	0.64
Short Long Term Debt Total	1.0		0.64	0.74	0.89	-0.51	1.0	1.0	-0.95	0.97	0.94	1.0	0.78	0.85	1.0	0.94	0.89	0.31	0.96	1.0	0.63	1.0	0.98	-0.28	0.91	0.62
Other Current Liab	0.65	0.64		0.85	0.65	-0.27	0.65	0.63	-0.66	0.5	0.76	0.65	0.79	0.51	0.6	0.76	0.37	0.47	0.67	0.62	0.53	0.65	0.59	-0.25	0.63	0.77
Total Current Liabilities	0.75	0.74	0.85		0.69	-0.42	0.74	0.73	-0.72	0.61	0.81	0.75	0.86	0.54	0.68	0.81	0.46	0.33	0.69	0.71	0.45	0.75	0.67	-0.13	0.64	0.97
Total Stockholder Equity	0.93	0.89	0.65	0.69		-0.2	0.92	0.89	-0.93	0.86	0.91	0.92	0.82	0.95	0.89	0.91	0.8	0.38	0.96	0.9	0.69	0.9	0.93	0.0	0.91	0.59
Net Tangible Assets	-0.47	-0.51	-0.27	-0.42	-0.2		-0.47	-0.51	0.37	-0.5	-0.31	-0.48	-0.28	-0.09	-0.51	-0.31	-0.49	0.05	-0.37	-0.49	-0.05	-0.49	-0.39	0.45	-0.28	-0.37
Property Plant And Equipment Net	1.0	1.0	0.65	0.74	0.92	-0.47		1.0	-0.96	0.96	0.95	1.0	0.79	0.87	0.99	0.95	0.89	0.32	0.98	1.0	0.64	1.0	0.99	-0.25	0.92	0.63
Net Debt	1.0	1.0	0.63	0.73	0.89	-0.51	1.0		-0.95	0.97	0.94	1.0	0.78	0.85	1.0	0.94	0.89	0.31	0.97	1.0	0.64	1.0	0.98	-0.28	0.91	0.62
Retained Earnings	-0.96	-0.95	-0.66	-0.72	-0.93	0.37	-0.96	-0.95		-0.92	-0.93	-0.96	-0.82	-0.87	-0.95	-0.93	-0.85	-0.4	-0.96	-0.95	-0.68	-0.95	-0.97	0.27	-0.92	-0.58
Accounts Payable	0.97	0.97	0.5	0.61	0.86	-0.5	0.96	0.97	-0.92		0.86	0.96	0.7	0.85	0.98	0.86	0.92	0.24	0.94	0.98	0.64	0.97	0.97	-0.27	0.9	0.48
Cash	0.95	0.94	0.76	0.81	0.91	-0.31	0.95	0.94	-0.93	0.86		0.95	0.86	0.87	0.92	1.0	0.77	0.41	0.94	0.94	0.62	0.95	0.94	-0.16	0.88	0.72
Non Current Assets Total	1.0	1.0	0.65	0.75	0.92	-0.48	1.0	1.0	-0.96	0.96	0.95		0.8	0.88	0.99	0.95	0.88	0.31	0.97	1.0	0.62	1.0	0.99	-0.22	0.91	0.64
Non Currrent Assets Other	0.8	0.78	0.79	0.86	0.82	-0.28	0.79	0.78	-0.82	0.7	0.86	0.8		0.73	0.75	0.86	0.55	0.39	0.79	0.77	0.55	0.79	0.75	-0.03	0.73	0.77
Other Assets	0.88	0.85	0.51	0.54	0.95	-0.09	0.87	0.85	-0.87	0.85	0.87	0.88	0.73		0.86	0.87	0.79	0.29	0.92	0.87	0.59	0.86	0.9	0.11	0.84	0.42
Long Term Debt	0.99	1.0	0.6	0.68	0.89	-0.51	0.99	1.0	-0.95	0.98	0.92	0.99	0.75	0.86		0.92	0.91	0.31	0.97	1.0	0.64	0.99	0.99	-0.27	0.91	0.56
Cash And Short Term Investments	0.95	0.94	0.76	0.81	0.91	-0.31	0.95	0.94	-0.93	0.86	1.0	0.95	0.86	0.87	0.92		0.77	0.41	0.94	0.94	0.62	0.95	0.94	-0.16	0.88	0.72
Net Receivables	0.88	0.89	0.37	0.46	0.8	-0.49	0.89	0.89	-0.85	0.92	0.77	0.88	0.55	0.79	0.91	0.77		0.34	0.87	0.9	0.51	0.88	0.9	-0.24	0.83	0.33
Common Stock Total Equity	0.32	0.31	0.47	0.33	0.38	0.05	0.32	0.31	-0.4	0.24	0.41	0.31	0.39	0.29	0.31	0.41	0.34		0.39	0.31	0.55	0.32	0.31	-0.18	0.52	0.26
Common Stock Shares Outstanding	0.98	0.96	0.67	0.69	0.96	-0.37	0.98	0.97	-0.96	0.94	0.94	0.97	0.79	0.92	0.97	0.94	0.87	0.39		0.97	0.71	0.97	0.97	-0.15	0.95	0.57
Non Current Liabilities Total	1.0	1.0	0.62	0.71	0.9	-0.49	1.0	1.0	-0.95	0.98	0.94	1.0	0.77	0.87	1.0	0.94	0.9	0.31	0.97		0.64	1.0	0.99	-0.27	0.92	0.59
Other Current Assets	0.64	0.63	0.53	0.45	0.69	-0.05	0.64	0.64	-0.68	0.64	0.62	0.62	0.55	0.59	0.64	0.62	0.51	0.55	0.71	0.64		0.64	0.64	-0.22	0.88	0.34
Total Liab	1.0	1.0	0.65	0.75	0.9	-0.49	1.0	1.0	-0.95	0.97	0.95	1.0	0.79	0.86	0.99	0.95	0.88	0.32	0.97	1.0	0.64		0.98	-0.26	0.91	0.63
Property Plant And Equipment Gross	0.99	0.98	0.59	0.67	0.93	-0.39	0.99	0.98	-0.97	0.97	0.94	0.99	0.75	0.9	0.99	0.94	0.9	0.31	0.97	0.99	0.64	0.98		-0.25	0.92	0.54
Short Long Term Debt	-0.22	-0.28	-0.25	-0.13	0.0	0.45	-0.25	-0.28	0.27	-0.27	-0.16	-0.22	-0.03	0.11	-0.27	-0.16	-0.24	-0.18	-0.15	-0.27	-0.22	-0.26	-0.25		-0.24	-0.05
Total Current Assets	0.92	0.91	0.63	0.64	0.91	-0.28	0.92	0.91	-0.92	0.9	0.88	0.91	0.73	0.84	0.91	0.88	0.83	0.52	0.95	0.92	0.88	0.91	0.92	-0.24		0.51
Short Term Debt	0.64	0.62	0.77	0.97	0.59	-0.37	0.63	0.62	-0.58	0.48	0.72	0.64	0.77	0.42	0.56	0.72	0.33	0.26	0.57	0.59	0.34	0.63	0.54	-0.05	0.51

Click cells to compare fundamentals

Innergex Renewable Account Relationship Matchups

Innergex Renewable fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	7.2B	7.4B	8.6B	8.9B	10.3B	10.8B
Short Long Term Debt Total	5.0B	5.1B	6.0B	6.6B	7.5B	7.9B
Other Current Liab	173.1M	135.3M	120.9M	110.4M	126.9M	79.0M
Total Current Liabilities	1.0B	733.5M	650.8M	566.4M	651.4M	344.0M
Total Stockholder Equity	1.0B	1.1B	1.3B	1.1B	1.2B	1.3B
Net Tangible Assets	(269.6M)	(117.5M)	(142.8M)	(223.5M)	(201.2M)	(211.2M)
Property Plant And Equipment Net	5.1B	5.5B	6.2B	6.6B	7.5B	7.9B
Net Debt	4.8B	4.9B	5.9B	6.4B	7.4B	7.7B
Retained Earnings	(1.0B)	(1.4B)	(1.6B)	(1.8B)	(1.6B)	(1.5B)
Accounts Payable	84.8M	71.9M	139.9M	149.1M	171.5M	180.1M
Cash	161.5M	166.3M	163.0M	159.2M	183.1M	192.3M
Non Current Assets Total	6.7B	7.0B	8.1B	8.4B	9.7B	10.2B
Non Currrent Assets Other	167.3M	134.4M	192.7M	137.3M	157.8M	93.5M
Other Assets	191.7M	206.6M	255.7M	318.5M	366.2M	384.6M
Long Term Debt	4.0B	4.4B	5.4B	6.0B	6.9B	7.3B
Cash And Short Term Investments	161.5M	166.3M	163.0M	159.2M	183.1M	192.3M
Net Receivables	63.7M	84.2M	124.3M	149.5M	171.9M	180.5M
Common Stock Shares Outstanding	170.3M	180.9M	201.8M	203.6M	234.1M	245.8M
Liabilities And Stockholders Equity	7.2B	7.4B	8.6B	8.9B	10.3B	10.8B
Non Current Liabilities Total	5.0B	5.3B	6.5B	7.2B	8.2B	8.7B
Other Current Assets	236.7M	141.8M	239.8M	209.4M	240.8M	252.8M
Total Liab	6.1B	6.0B	7.1B	7.7B	8.9B	9.3B
Property Plant And Equipment Gross	5.1B	6.6B	7.5B	8.2B	9.5B	9.9B
Short Long Term Debt	767.2M	513.2M	374.4M	248.9M	286.2M	368.3M
Total Current Assets	452.5M	388.7M	527.2M	518.1M	595.8M	625.6M
Short Term Debt	772.4M	517.3M	379.9M	255.0M	293.3M	198.4M
Common Stock	4.2M	360.9M	485K	1.3M	1.1M	1.1M
Property Plant Equipment	4.6B	5.1B	5.5B	6.2B	7.1B	7.5B
Other Liab	717.3M	832.3M	737.7M	820.0M	943.0M	990.2M
Current Deferred Revenue	85.3M	105.5M	102.5M	37.3M	42.9M	44.4M
Good Will	75.9M	60.9M	139.7M	176.6M	203.1M	213.3M
Other Stockholder Equity	2.0B	2.0B	2.6B	2.6B	3.0B	3.1B
Long Term Investments	446.8M	133.4M	151.6M	151.9M	174.6M	176.7M
Accumulated Other Comprehensive Income	(111.7M)	(50.6M)	196.7M	135.7M	156.1M	163.9M
Intangible Assets	933.4M	1.1B	1.3B	1.3B	1.5B	1.6B
Inventory	39.5M	67.5M	61.7M	90.8M	81.7M	71.6M
Long Term Debt Total	4.4B	4.2B	4.6B	5.6B	6.5B	4.5B
Capital Surpluse	1.3B	2.0B	2.0B	2.6B	3.0B	1.7B

Pair Trading with Innergex Renewable

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

Moving against Innergex Stock

0.77	JPM	JPMorgan Chase	Pair Corr
0.73	TD	Toronto Dominion Bank	Pair Corr
0.72	OIII	O3 Mining	Pair Corr
0.54	RY-PM	Royal Bank	Pair Corr
0.47	SHOP	Shopify	Pair Corr

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

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

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

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Innergex Total Current Liabilities vs Retained Earnings Analysis

Total Current Liabilities vs Retained Earnings

Total Current Liabilities vs Retained Earnings Correlation Analysis

Correlation Coefficient

Total Current Liabilities

Retained Earnings

Innergex Renewable fundamental ratios Correlations

Innergex Renewable Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Innergex Renewable fundamental ratios Accounts

Pair Trading with Innergex Renewable

Moving against Innergex Stock

Other Information on Investing in Innergex Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Short Long Term Debt Total	+ 1.0	Total Assets
Property Plant And Equipment Net	+ 1.0	Total Assets
Net Debt	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Non Current Liabilities Total	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets

Property Plant And Equipment Gross	- 0.97	Retained Earnings
Common Stock Shares Outstanding	- 0.96	Retained Earnings
Non Current Assets Total	- 0.96	Retained Earnings
Retained Earnings	- 0.96	Property Plant And Equipment Net
Retained Earnings	- 0.96	Total Assets
Total Liab	- 0.95	Retained Earnings