Quarterhill Other Current Assets vs Property Plant And Equipment Gross Analysis
| QTRH Stock | CAD 1.65 0.02 1.20% |
Quarterhill financial indicator trend analysis is much more than just breaking down Quarterhill prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Quarterhill is a good investment. Please check the relationship between Quarterhill Other Current Assets and its Property Plant And Equipment Gross accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Quarterhill. 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.
Other Current Assets vs Property Plant And Equipment Gross
Other Current Assets vs Property Plant And Equipment Gross Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Quarterhill Other Current Assets account and Property Plant And Equipment Gross. At this time, the significance of the direction appears to have strong relationship.
The correlation between Quarterhill's Other Current Assets and Property Plant And Equipment Gross is 0.73. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Property Plant And Equipment Gross in the same time period over historical financial statements of Quarterhill, assuming nothing else is changed. The correlation between historical values of Quarterhill's Other Current Assets and Property Plant And Equipment Gross is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Assets of Quarterhill are associated (or correlated) with its Property Plant And Equipment Gross. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Gross has no effect on the direction of Other Current Assets i.e., Quarterhill's Other Current Assets and Property Plant And Equipment Gross go up and down completely randomly.
Correlation Coefficient | 0.73 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.Property Plant And Equipment Gross
Most indicators from Quarterhill's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Quarterhill 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 Quarterhill. 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, Quarterhill's Tax Provision is very stable compared to the past year. As of the 30th of November 2024, Discontinued Operations is likely to grow to about 17.2 M, while Selling General Administrative is likely to drop about 24.1 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 2.3M | 10.0M | 6.8M | 5.1M | Depreciation And Amortization | 23.4M | 16.2M | 15.8M | 20.3M |
Quarterhill fundamental ratios Correlations
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Quarterhill Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Quarterhill fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 325.4M | 303.8M | 427.2M | 411.9M | 332.1M | 269.8M | |
| Short Long Term Debt Total | 8.9M | 3.8M | 115.9M | 89.9M | 86.5M | 90.9M | |
| Other Current Liab | 43.1M | 10.0M | 16.6M | 25.7M | 8.8M | 17.6M | |
| Total Current Liabilities | 39.8M | 26.5M | 56.0M | 88.5M | 54.2M | 38.8M | |
| Total Stockholder Equity | 277.0M | 271.9M | 241.1M | 257.7M | 190.1M | 206.5M | |
| Property Plant And Equipment Net | 7.5M | 6.6M | 13.5M | 17.2M | 12.5M | 13.1M | |
| Net Debt | (79.1M) | (131.9M) | 45.2M | 23.6M | 29.9M | 31.4M | |
| Retained Earnings | (323.2M) | (325.4M) | (353.3M) | (356.2M) | (423.3M) | (402.1M) | |
| Accounts Payable | 4.5M | 10.0M | 25.4M | 21.4M | 31.4M | 33.0M | |
| Cash | 88.1M | 135.7M | 70.7M | 66.4M | 56.6M | 91.8M | |
| Non Current Assets Total | 172.7M | 117.7M | 266.1M | 251.9M | 173.3M | 142.9M | |
| Non Currrent Assets Other | 7.7M | 844K | 3.0M | 3.6M | 7.0M | 7.4M | |
| Cash And Short Term Investments | 89.6M | 141.3M | 72.6M | 67.9M | 56.6M | 97.5M | |
| Net Receivables | 52.1M | 27.3M | 66.1M | 64.7M | 81.5M | 85.6M | |
| Common Stock Shares Outstanding | 118.8M | 117.0M | 114.0M | 114.4M | 114.8M | 93.2M | |
| Liabilities And Stockholders Equity | 325.4M | 303.8M | 427.2M | 411.9M | 332.1M | 269.8M | |
| Non Current Liabilities Total | 8.7M | 5.4M | 130.0M | 65.8M | 87.9M | 92.3M | |
| Inventory | 8.6M | 9.1M | 13.7M | 13.7M | 14.3M | 15.0M | |
| Other Current Assets | 108.4K | 8.5M | 8.7M | 13.7M | 6.4M | 3.4M | |
| Other Stockholder Equity | 30.7M | 46.3M | 49.9M | 51.0M | 171.8M | 180.4M | |
| Total Liab | 48.4M | 31.9M | 186.1M | 154.3M | 142.0M | 149.1M | |
| Property Plant And Equipment Gross | 7.5M | 6.6M | 23.3M | 31.4M | 28.3M | 29.7M | |
| Total Current Assets | 152.7M | 186.1M | 161.1M | 160.0M | 158.8M | 126.9M | |
| Accumulated Other Comprehensive Income | 21.9M | 3.6M | 144K | 16.5M | 14.4M | 8.9M | |
| Short Term Debt | 5.1M | (4.4M) | 5.3M | 31.9M | 5.4M | 5.1M | |
| Intangible Assets | 89.7M | 59.3M | 151.4M | 141.3M | 104.8M | 111.1M | |
| Current Deferred Revenue | 8.7M | 4.8M | 8.0M | 8.5M | 7.7M | 8.1M | |
| Good Will | 33.1M | 16.1M | 53.1M | 56.4M | 38.5M | 27.8M | |
| Short Term Investments | 1.6M | 5.6M | 1.9M | 1.6M | 5.8M | 7.0M | |
| Common Stock Total Equity | 526.7M | 570.8M | 547.5M | 547.5M | 629.7M | 518.5M | |
| Common Stock | 547.5M | 547.5M | 544.3M | 546.5M | 427.2M | 526.1M | |
| Other Liab | 5.8M | 4.8M | 2.7M | 19.5M | 22.4M | 23.5M | |
| Net Tangible Assets | 92.1M | 152.7M | 196.6M | 36.7M | 42.2M | 40.1M | |
| Other Assets | 36.6M | 29.0M | 40.8M | 28.7M | 33.0M | 20.2M | |
| Long Term Debt | 272.4K | 0.0 | 104.9M | 48.4M | 73.5M | 77.2M | |
| Short Long Term Debt | 3.9M | 4.1M | 3.2M | 29.3M | 2.8M | 2.7M | |
| Property Plant Equipment | 7.3M | 6.6M | 13.5M | 17.2M | 19.8M | 20.8M | |
| Long Term Investments | 5.2M | 6.7M | 7.5M | 7.8M | 10.5M | 5.7M | |
| Long Term Debt Total | 3.8M | 2.7M | 110.6M | 58.0M | 66.7M | 70.1M | |
| Capital Surpluse | 30.8M | 46.3M | 49.9M | 51.0M | 58.6M | 39.4M |
Pair Trading with Quarterhill
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 Quarterhill 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 Quarterhill will appreciate offsetting losses from the drop in the long position's value.Moving against Quarterhill Stock
| 0.36 | RY-PN | Royal Bank Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Quarterhill could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Quarterhill 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 Quarterhill - 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 Quarterhill to buy it.
The correlation of Quarterhill 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 Quarterhill moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Quarterhill 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 Quarterhill 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.Other Information on Investing in Quarterhill Stock
Balance Sheet is a snapshot of the financial position of Quarterhill at a specified time, usually calculated after every quarter, six months, or one year. Quarterhill Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Quarterhill 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 Quarterhill currently owns. An asset can also be divided into two categories, current and non-current.