Pieridae Total Current Assets vs Non Current Liabilities Total Analysis

PEA Stock  CAD 0.26  0.01  3.70%   
Pieridae Energy financial indicator trend analysis is much more than just breaking down Pieridae Energy prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Pieridae Energy is a good investment. Please check the relationship between Pieridae Energy Total Current Assets and its Non Current Liabilities Total accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pieridae 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 Assets vs Non Current Liabilities Total

Total Current Assets vs Non Current Liabilities Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Pieridae Energy Total Current Assets account and Non Current Liabilities Total. At this time, the significance of the direction appears to have strong relationship.
Total Current AssetsNon Current Liabilities TotalDiversified AwayTotal Current AssetsNon Current Liabilities TotalDiversified Away100%
The correlation between Pieridae Energy's Total Current Assets and Non Current Liabilities Total is 0.76. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Non Current Liabilities Total in the same time period over historical financial statements of Pieridae Energy, assuming nothing else is changed. The correlation between historical values of Pieridae Energy's Total Current Assets and Non Current Liabilities Total 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 Assets of Pieridae Energy are associated (or correlated) with its Non Current Liabilities Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Total has no effect on the direction of Total Current Assets i.e., Pieridae Energy's Total Current Assets and Non Current Liabilities Total go up and down completely randomly.

Correlation Coefficient

0.76
Relationship DirectionPositive 
Relationship StrengthSignificant

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Non Current Liabilities Total

Most indicators from Pieridae Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Pieridae 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pieridae 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, Pieridae Energy's Enterprise Value Over EBITDA is very stable compared to the past year. As of the 14th of December 2024, Enterprise Value Multiple is likely to grow to 2.14, while Selling General Administrative is likely to drop about 13 M.

Pieridae Energy fundamental ratios Correlations

0.610.830.390.980.97-0.90.970.71.0-0.040.590.950.980.970.220.90.980.990.940.440.930.63-0.080.920.56
0.610.890.380.530.51-0.530.660.750.580.170.70.720.650.690.160.30.560.610.670.860.630.26-0.070.52-0.08
0.830.890.390.770.78-0.710.870.740.820.120.670.920.810.860.150.580.80.830.840.840.790.39-0.040.770.2
0.390.380.390.230.210.010.320.220.340.140.040.450.460.340.240.060.190.390.570.30.260.77-0.080.090.0
0.980.530.770.230.97-0.950.940.650.99-0.120.580.880.950.920.210.950.990.960.860.370.950.52-0.090.940.61
0.970.510.780.210.97-0.930.940.650.97-0.050.580.920.920.940.140.940.980.950.890.40.910.48-0.070.970.69
-0.9-0.53-0.710.01-0.95-0.93-0.9-0.74-0.920.13-0.71-0.81-0.88-0.91-0.18-0.95-0.96-0.9-0.77-0.31-0.92-0.360.07-0.94-0.55
0.970.660.870.320.940.94-0.90.770.970.010.670.960.950.980.160.870.960.990.930.470.890.61-0.050.890.42
0.70.750.740.220.650.65-0.740.770.680.140.940.760.760.790.320.570.70.740.740.470.710.390.170.650.06
1.00.580.820.340.990.97-0.920.970.68-0.070.580.930.970.950.220.920.990.980.910.420.940.59-0.090.930.58
-0.040.170.120.14-0.12-0.050.130.010.14-0.070.150.1-0.010.010.12-0.16-0.07-0.030.10.21-0.050.060.46-0.05-0.13
0.590.70.670.040.580.58-0.710.670.940.580.150.650.640.680.330.50.620.620.60.490.710.170.230.660.04
0.950.720.920.450.880.92-0.810.960.760.930.10.650.930.970.170.770.910.950.980.60.860.61-0.010.870.46
0.980.650.810.460.950.92-0.880.950.760.97-0.010.640.930.960.290.870.940.980.950.410.930.68-0.070.870.5
0.970.690.860.340.920.94-0.910.980.790.950.010.680.970.960.170.860.950.970.950.470.890.6-0.070.90.49
0.220.160.150.240.210.14-0.180.160.320.220.120.330.170.290.170.160.170.180.180.090.30.070.40.150.08
0.90.30.580.060.950.94-0.950.870.570.92-0.160.50.770.870.860.160.950.890.760.110.870.48-0.070.910.72
0.980.560.80.190.990.98-0.960.960.70.99-0.070.620.910.940.950.170.950.970.880.40.940.5-0.070.960.6
0.990.610.830.390.960.95-0.90.990.740.98-0.030.620.950.980.970.180.890.970.950.420.90.67-0.070.90.48
0.940.670.840.570.860.89-0.770.930.740.910.10.60.980.950.950.180.760.880.950.480.830.74-0.010.820.46
0.440.860.840.30.370.4-0.310.470.470.420.210.490.60.410.470.090.110.40.420.480.470.00.00.44-0.07
0.930.630.790.260.950.91-0.920.890.710.94-0.050.710.860.930.890.30.870.940.90.830.470.43-0.070.940.54
0.630.260.390.770.520.48-0.360.610.390.590.060.170.610.680.60.070.480.50.670.740.00.43-0.090.350.19
-0.08-0.07-0.04-0.08-0.09-0.070.07-0.050.17-0.090.460.23-0.01-0.07-0.070.4-0.07-0.07-0.07-0.010.0-0.07-0.09-0.05-0.02
0.920.520.770.090.940.97-0.940.890.650.93-0.050.660.870.870.90.150.910.960.90.820.440.940.35-0.050.67
0.56-0.080.20.00.610.69-0.550.420.060.58-0.130.040.460.50.490.080.720.60.480.46-0.070.540.19-0.020.67
Click cells to compare fundamentals

Pieridae Energy Account Relationship Matchups

Pieridae Energy fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets602.5M612.7M622.5M615.5M638.5M670.5M
Other Current Liab45K5.9M6.9M21.7M9.2M9.6M
Total Current Liabilities77.5M106.8M172.4M343.6M163.9M172.1M
Total Stockholder Equity104.5M4.6M(32.8M)115.1M174.7M183.5M
Property Plant And Equipment Net501.6M521.0M537.2M409.6M404.4M424.6M
Net Debt198.9M211.5M208.1M184.7M156.7M164.6M
Retained Earnings(184.1M)(284.7M)(324.3M)(177.8M)(168.8M)(160.3M)
Accounts Payable73.6M98.8M142.3M116.8M121.9M128.0M
Cash9.6M11.1M26.2M22.3M19.0M20.0M
Non Current Assets Total505.9M525.4M537.8M488.5M495.4M520.2M
Non Currrent Assets Other1.6M600K790K8.0M7.2M4.7M
Cash And Short Term Investments9.6M11.1M26.2M22.3M19.0M9.6M
Net Receivables40.8M44.9M49.6M74.5M61.5M64.6M
Common Stock Total Equity128.8M193.3M274.8M274.3M315.5M331.2M
Common Stock Shares Outstanding98.6M158.1M157.6M161.0M162.9M171.0M
Liabilities And Stockholders Equity602.5M612.7M622.5M615.5M638.5M670.5M
Non Current Liabilities Total420.7M501.4M483.3M157.1M300.3M315.3M
Total Liab498.2M608.3M655.8M500.7M464.1M487.3M
Property Plant And Equipment Gross501.6M521.0M669.1M556.8M661.8M694.9M
Total Current Assets96.6M87.2M84.8M126.9M143.1M150.3M
Short Term Debt2.7M2.0M23.2M205.1M32.8M18.7M
Common Stock193.3M274.8M274.3M275.9M275.9M164.8M
Other Current Assets22.7M7.4M6.4M505K58.9M61.9M
Other Stockholder Equity11.4M12.4M14.2M14.2M13.2M12.1M
Short Long Term Debt Total208.5M222.6M234.3M206.9M175.7M93.1M
Accumulated Other Comprehensive Income2.4M2.6M3.0M2.8M54.4M57.1M
Inventory23.5M23.9M2.5M3.1M3.7M5.2M
Long Term Debt0.0202.9M219.6M209.9M141.5M94.6M
Long Term Debt Total205.8M220.5M211.1M1.8M2.1M2.0M
Capital Surpluse10.5M12.4M12.9M12.8M14.7M10.4M
Property Plant Equipment501.6M521.0M537.2M409.6M471.0M328.9M
Net Tangible Assets91.9M104.5M4.6M(32.8M)(29.5M)(28.1M)
Other Assets1.6M600K790K78.9M90.8M95.3M
Long Term Investments3.7M3.7M3.7M3.7M3.3M3.2M
Short Long Term Debt32K50.0M21.7M203.3M30.7M56.0M
Cash And Equivalents9.6M11.1M26.2M22.3M25.6M15.5M
Other Liab166.7M214.9M280.9M272.2M313.0M206.3M
Net Invested Capital307.4M224.2M198.7M318.4M347.0M251.0M

Pair Trading with Pieridae Energy

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

Moving against Pieridae Stock

  0.71ENB-PFV Enbridge Pref 5PairCorr
  0.69ENS E Split CorpPairCorr
  0.64ENS-PA E Split CorpPairCorr
  0.52BUI Buhler IndustriesPairCorr
The ability to find closely correlated positions to Pieridae Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Pieridae Energy 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 Pieridae Energy - 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 Pieridae Energy to buy it.
The correlation of Pieridae Energy 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 Pieridae Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pieridae 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 Pieridae Energy 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 Pieridae Stock

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