NFI Property Plant Equipment vs Short Term Debt Analysis

NFI Stock  CAD 14.04  0.04  0.29%   
NFI financial indicator trend analysis is infinitely more than just investigating NFI Group recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NFI Group is a good investment. Please check the relationship between NFI Property Plant Equipment and its Short Term Debt accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NFI Group. 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.

Property Plant Equipment vs Short Term Debt

Property Plant Equipment vs Short Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NFI Group Property Plant Equipment account and Short Term Debt. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between NFI's Property Plant Equipment and Short Term Debt is -0.25. Overlapping area represents the amount of variation of Property Plant Equipment that can explain the historical movement of Short Term Debt in the same time period over historical financial statements of NFI Group, assuming nothing else is changed. The correlation between historical values of NFI's Property Plant Equipment and Short Term 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 Property Plant Equipment of NFI Group are associated (or correlated) with its Short Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Debt has no effect on the direction of Property Plant Equipment i.e., NFI's Property Plant Equipment and Short Term Debt go up and down completely randomly.

Correlation Coefficient

-0.25
Relationship DirectionNegative 
Relationship StrengthInsignificant

Property Plant Equipment

Short Term Debt

Most indicators from NFI's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into NFI Group 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NFI Group. 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, NFI's Issuance Of Capital Stock is very stable compared to the past year. As of the 12th of December 2024, Enterprise Value Over EBITDA is likely to grow to 44.47, while Selling General Administrative is likely to drop about 154 M.
 2021 2022 2023 2024 (projected)
Interest Expense73.1M91.0M136.0M142.8M
Depreciation And Amortization97.2M88.5M80.8M54.1M

NFI fundamental ratios Correlations

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0.940.760.930.680.99-0.210.710.910.250.710.840.890.640.680.880.48-0.330.980.740.960.930.950.930.980.0
0.740.760.740.510.76-0.560.680.690.530.680.630.60.520.580.920.44-0.330.780.90.780.660.760.780.78-0.3
0.970.930.740.790.95-0.230.690.950.070.690.910.860.850.850.850.3-0.60.980.680.970.870.890.970.850.16
0.870.680.510.790.730.130.420.89-0.210.420.910.850.850.790.620.22-0.660.780.50.830.750.790.840.61-0.06
0.970.990.760.950.73-0.210.690.940.180.690.860.890.720.730.880.46-0.430.990.720.970.920.950.960.950.02
-0.13-0.21-0.56-0.230.13-0.21-0.48-0.07-0.71-0.480.050.13-0.15-0.27-0.49-0.120.1-0.22-0.65-0.20.01-0.05-0.18-0.180.01
0.670.710.680.690.420.69-0.480.640.381.00.460.560.470.520.680.32-0.210.710.740.670.580.690.680.68-0.02
0.990.910.690.950.890.94-0.070.64-0.010.640.930.930.840.790.820.36-0.620.970.660.950.90.940.970.840.02
0.060.250.530.07-0.210.18-0.710.38-0.010.38-0.040.02-0.25-0.070.470.150.370.150.660.140.160.170.10.36-0.34
0.660.710.680.690.420.69-0.481.00.640.380.460.560.470.520.680.32-0.210.710.740.670.580.690.680.68-0.02
0.940.840.630.910.910.860.050.460.93-0.040.460.920.810.790.760.23-0.590.890.560.930.890.880.930.790.02
0.920.890.60.860.850.890.130.560.930.020.560.920.650.630.760.4-0.390.90.590.890.980.940.890.88-0.01
0.840.640.520.850.850.72-0.150.470.84-0.250.470.810.650.920.610.18-0.850.790.460.810.580.660.830.510.14
0.820.680.580.850.790.73-0.270.520.79-0.070.520.790.630.920.660.22-0.710.780.560.830.580.670.820.570.14
0.860.880.920.850.620.88-0.490.680.820.470.680.760.760.610.660.39-0.410.890.920.880.820.840.870.87-0.11
0.380.480.440.30.220.46-0.120.320.360.150.320.230.40.180.220.390.130.410.390.40.450.410.310.52-0.19
-0.57-0.33-0.33-0.6-0.66-0.430.1-0.21-0.620.37-0.21-0.59-0.39-0.85-0.71-0.410.13-0.51-0.24-0.51-0.3-0.36-0.58-0.17-0.22
0.990.980.780.980.780.99-0.220.710.970.150.710.890.90.790.780.890.41-0.510.730.980.910.950.980.920.02
0.710.740.90.680.50.72-0.650.740.660.660.740.560.590.460.560.920.39-0.240.730.740.650.720.710.75-0.24
0.990.960.780.970.830.97-0.20.670.950.140.670.930.890.810.830.880.4-0.510.980.740.90.940.980.91-0.02
0.910.930.660.870.750.920.010.580.90.160.580.890.980.580.580.820.45-0.30.910.650.90.930.880.930.04
0.950.950.760.890.790.95-0.050.690.940.170.690.880.940.660.670.840.41-0.360.950.720.940.930.950.95-0.19
0.990.930.780.970.840.96-0.180.680.970.10.680.930.890.830.820.870.31-0.580.980.710.980.880.950.88-0.05
0.880.980.780.850.610.95-0.180.680.840.360.680.790.880.510.570.870.52-0.170.920.750.910.930.950.88-0.14
0.00.0-0.30.16-0.060.020.01-0.020.02-0.34-0.020.02-0.010.140.14-0.11-0.19-0.220.02-0.24-0.020.04-0.19-0.05-0.14
Click cells to compare fundamentals

NFI Account Relationship Matchups

NFI fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets3.0B2.8B2.6B2.6B2.7B1.7B
Short Long Term Debt Total1.2B1.3B955.9M1.2B1.1B650.4M
Other Current Liab130.0M129.8M121.4M154.1M154.1M161.8M
Total Current Liabilities730.8M673.1M604.6M643.4M719.7M439.8M
Total Stockholder Equity817.2M620.1M871.8M577.2M702.9M483.1M
Net Debt1.2B1.2B878.5M1.2B1.1B603.8M
Retained Earnings128.6M(68.6M)(132.2M)(419.4M)(555.3M)(527.6M)
Cash28.2M55.8M77.3M50.0M49.6M29.6M
Non Current Assets Total1.7B1.6B1.5B1.4B1.4B1.0B
Non Currrent Assets Other19.6M37.2M40.6M46.9M90.8M95.4M
Cash And Short Term Investments28.2M55.8M77.3M50.0M49.6M29.6M
Net Receivables549.1M445.2M417.9M322.2M492.7M282.6M
Good Will568.9M529.5M528.6M409.7M413.2M346.7M
Common Stock Total Equity665.6M654.3M681.0M681.4M783.6M502.6M
Common Stock Shares Outstanding62.8M62.0M62.5M70.0M91.9M46.2M
Liabilities And Stockholders Equity3.0B2.8B2.6B2.6B2.7B1.7B
Inventory672.2M657.0M567.7M732.1M762.6M800.7M
Other Current Assets10.1M79.9M57.4M97.9M19.0M32.0M
Total Liab2.1B2.1B1.7B2.0B2.0B1.2B
Property Plant And Equipment Gross422.1M365.5M694.4M710.7M765.6M803.8M
Total Current Assets1.3B1.2B1.1B1.2B1.3B689.4M
Intangible Assets681.6M647.9M616.4M576.7M563.2M511.5M
Property Plant And Equipment Net422.1M365.5M343.1M303.4M308.9M172.5M
Accounts Payable581.6M523.5M458.9M453.8M547.6M320.7M
Non Current Liabilities Total1.4B1.5B1.1B1.4B1.3B842.2M
Short Term Debt19.2M19.9M23.3M35.5M18.0M17.1M
Common Stock681.0M681.4M987.9M988.2M1.2B647.3M
Current Deferred Revenue94.4M99.5M98.4M128.4M138.1M145.0M
Accumulated Other Comprehensive Income769K(1.1M)5.9M(3.0M)18.1M19.0M
Other Liab195.3M173.2M160.1M159.5M183.4M192.4M
Net Tangible Assets(433.3M)(557.2M)(273.2M)(409.3M)(368.3M)(386.8M)
Other Assets23.5M37.2M40.6M(1K)(900.0)(855.0)
Long Term Debt1.1B1.1B812.2M1.1B999.2M780.0M
Property Plant Equipment422.1M365.5M343.1M303.4M348.9M248.3M
Long Term Debt Total1.2B1.3B932.6M1.2B1.4B955.6M
Capital Lease Obligations163.2M150.6M143.7M131.6M138.0M107.3M
Net Invested Capital1.9B1.7B1.7B1.7B1.7B1.8B

Pair Trading with NFI

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

Moving against NFI Stock

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The ability to find closely correlated positions to NFI could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NFI 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 NFI - 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 NFI Group to buy it.
The correlation of NFI 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 NFI moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NFI Group 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 NFI 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 CorrelationCorrelation Matching

Other Information on Investing in NFI Stock

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