Profound Historical Cash Flow
| PRN Stock | CAD 11.09 0.10 0.91% |
Analysis of Profound Medical cash flow over time is an excellent tool to project Profound Medical Corp future capital expenditures as well as to predict the amount of cash needed to cover cost of sales, R&D expenses or production expansions. Investors should almost always look for trends in cash flow indicators such as Other Non Cash Items of 1.8 M or Capital Expenditures of 0.0 as it is a great indicator of Profound Medical ability to facilitate future growth, repay debt on time or pay out dividends.
Financial Statement Analysis is much more than just reviewing and examining Profound Medical Corp latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Profound Medical Corp is a good buy for the upcoming year.
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About Profound Cash Flow Analysis
The Cash Flow Statement is a financial statement that shows how changes in Profound balance sheet and income statement accounts affect cash and cash equivalents. It breaks the analysis down to operating, investing, and financing activities. One of the most critical aspects of the cash flow statement is liquidity, which is the degree to which Profound's non-liquid assets can be easily converted into cash.
Profound Medical Cash Flow Chart
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Stock Based Compensation
Compensation provided to employees in the form of equity or options to purchase company stock. This type of compensation is used to align the interests of employees and shareholders.Begin Period Cash Flow
The amount of cash a company has at the beginning of a financial reporting period. It serves as the starting point for calculating the period's cash flow from operations, investing, and financing activities.Most accounts from Profound Medical's cash flow statement are interrelated and interconnected. However, analyzing cash flow statement accounts one by one will only give a small insight into Profound Medical Corp current financial condition. On the other hand, looking into the entire matrix of cash flow statement accounts, 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 Profound Medical 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. At this time, Profound Medical's Other Cashflows From Financing Activities is very stable compared to the past year. As of the 9th of January 2025, Other Non Cash Items is likely to grow to about 1.8 M, though Change In Cash is likely to grow to (17.4 M).
| 2022 | 2023 | 2024 | 2025 (projected) | Other Non Cash Items | 2.7M | 1.1M | 992.7K | 1.8M | Depreciation | 1.6M | 1.1M | 1.3M | 1.1M |
Profound Medical cash flow statement Correlations
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Profound Medical Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Profound Medical cash flow statement Accounts
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 (projected) | ||
| Change In Cash | 69.1M | (16.8M) | (20.6M) | (20.3M) | (18.3M) | (17.4M) | |
| Stock Based Compensation | 3.0M | 7.2M | 4.2M | 3.4M | 3.9M | 2.5M | |
| Free Cash Flow | (20.9M) | (23.0M) | (25.8M) | (22.3M) | (20.1M) | (21.1M) | |
| Begin Period Cash Flow | 14.8M | 83.9M | 67.2M | 46.5M | 53.5M | 29.6M | |
| Other Cashflows From Financing Activities | 11.5M | 6.3M | 7.4M | 2.7M | 3.1M | 5.2M | |
| Depreciation | 1.5M | 1.9M | 1.6M | 1.1M | 1.3M | 1.1M | |
| Other Non Cash Items | 890K | 425K | 2.7M | 1.1M | 992.7K | 1.8M | |
| Total Cash From Operating Activities | (20.6M) | (22.4M) | (25.8M) | (22.3M) | (20.1M) | (21.1M) | |
| Net Income | (21.6M) | (30.7M) | (28.7M) | (28.6M) | (25.7M) | (27.0M) | |
| Total Cash From Financing Activities | 87.4M | 5.9M | 7.0M | 1.5M | 1.7M | 1.6M | |
| End Period Cash Flow | 83.9M | 67.2M | 46.5M | 26.2M | 30.1M | 32.6M | |
| Sale Purchase Of Stock | 11.5M | 103.7M | 6.4M | 263K | 302.5K | 287.3K | |
| Change To Inventory | (2.1M) | (2.5M) | (1.9M) | 353K | 317.7K | 333.6K | |
| Investments | (250K) | (350K) | (593K) | (127K) | (146.1K) | (153.4K) | |
| Net Borrowings | (1.3M) | (9.6M) | (386K) | 6.9M | 6.2M | 6.5M | |
| Change In Working Capital | (4.6M) | (877K) | (5.6M) | 374K | 336.6K | 353.4K | |
| Change To Account Receivables | (4.0M) | 2.0M | (1.9M) | (1.4M) | (1.3M) | (1.3M) | |
| Change To Operating Activities | (1.7M) | 1.3M | (13K) | (2.1M) | (1.9M) | (1.8M) | |
| Change To Netincome | 2.4M | 4.1M | 7.3M | 6.9M | 7.9M | 5.2M | |
| Change To Liabilities | 98K | 281K | (356K) | (566K) | (509.4K) | (483.9K) |
Pair Trading with Profound Medical
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 Profound Medical 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 Profound Medical will appreciate offsetting losses from the drop in the long position's value.Moving against Profound Stock
The ability to find closely correlated positions to Profound Medical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Profound Medical 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 Profound Medical - 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 Profound Medical Corp to buy it.
The correlation of Profound Medical 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 Profound Medical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Profound Medical 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 Profound Medical 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.Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Profound Medical 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. You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.