Stella Net Debt vs Accounts Payable Analysis

SJ Stock  CAD 72.33  1.55  2.10%   
Stella Jones financial indicator trend analysis is much more than just breaking down Stella Jones prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Stella Jones is a good investment. Please check the relationship between Stella Jones Net Debt and its Accounts Payable accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Stella Jones. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Net Debt vs Accounts Payable

Net Debt vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Stella Jones Net Debt account and Accounts Payable. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Stella Jones' Net Debt and Accounts Payable is 0.88. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Stella Jones, assuming nothing else is changed. The correlation between historical values of Stella Jones' Net Debt and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Stella Jones are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Net Debt i.e., Stella Jones' Net Debt and Accounts Payable go up and down completely randomly.

Correlation Coefficient

0.88
Relationship DirectionPositive 
Relationship StrengthStrong

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Accounts Payable

An accounting item on the balance sheet that represents Stella Jones obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Stella Jones are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
Most indicators from Stella Jones' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Stella Jones 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Stella Jones. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
At this time, Stella Jones' Selling General Administrative is very stable compared to the past year. As of the 11th of December 2024, Issuance Of Capital Stock is likely to grow to about 991.2 K, while Tax Provision is likely to drop about 75.8 M.
 2021 2022 2023 2024 (projected)
Interest Expense23M33M68M71.4M
Depreciation And Amortization74M89M109M114.5M

Stella Jones fundamental ratios Correlations

0.960.630.970.970.990.980.970.841.00.280.990.160.981.00.930.820.980.981.00.81-0.83-0.830.970.840.78
0.960.470.980.870.970.990.880.880.960.310.960.021.00.970.850.891.00.970.970.91-0.79-0.790.90.70.68
0.630.470.550.740.580.510.720.140.63-0.090.620.480.50.630.620.230.510.540.630.35-0.49-0.490.730.760.7
0.970.980.550.90.980.980.930.860.970.290.97-0.010.980.970.870.890.980.980.970.92-0.84-0.840.930.710.66
0.970.870.740.90.950.90.990.750.970.220.960.290.90.960.940.70.90.920.970.67-0.8-0.80.970.910.82
0.990.970.580.980.950.980.970.870.990.30.980.050.970.990.910.870.980.990.990.84-0.86-0.860.950.780.7
0.980.990.510.980.90.980.920.880.970.380.970.030.990.980.90.90.990.980.980.88-0.86-0.860.920.740.7
0.970.880.720.930.990.970.920.770.980.260.960.190.910.970.930.760.910.940.970.71-0.85-0.850.970.870.77
0.840.880.140.860.750.870.880.770.850.470.85-0.130.880.830.780.90.880.890.830.75-0.74-0.740.750.570.52
1.00.960.630.970.970.990.970.980.850.290.990.150.970.990.930.820.970.980.990.8-0.83-0.830.960.840.78
0.280.31-0.090.290.220.30.380.260.470.290.33-0.180.320.250.410.550.320.370.270.2-0.58-0.590.250.230.25
0.990.960.620.970.960.980.970.960.850.990.330.180.970.990.930.830.970.970.990.8-0.81-0.810.970.840.8
0.160.020.48-0.010.290.050.030.19-0.130.15-0.180.180.060.170.21-0.310.05-0.020.17-0.220.110.110.250.460.55
0.981.00.50.980.90.970.990.910.880.970.320.970.060.980.880.881.00.980.980.88-0.8-0.80.920.740.72
1.00.970.630.970.960.990.980.970.830.990.250.990.170.980.920.820.980.971.00.82-0.82-0.820.970.830.77
0.930.850.620.870.940.910.90.930.780.930.410.930.210.880.920.710.880.890.930.65-0.85-0.850.90.870.79
0.820.890.230.890.70.870.90.760.90.820.550.83-0.310.880.820.710.890.910.820.85-0.83-0.830.770.490.45
0.981.00.510.980.90.980.990.910.880.970.320.970.051.00.980.880.890.980.980.89-0.81-0.810.920.740.71
0.980.970.540.980.920.990.980.940.890.980.370.97-0.020.980.970.890.910.980.970.86-0.87-0.870.920.740.68
1.00.970.630.970.970.990.980.970.830.990.270.990.170.981.00.930.820.980.970.82-0.82-0.820.970.830.78
0.810.910.350.920.670.840.880.710.750.80.20.8-0.220.880.820.650.850.890.860.82-0.7-0.70.750.430.42
-0.83-0.79-0.49-0.84-0.8-0.86-0.86-0.85-0.74-0.83-0.58-0.810.11-0.8-0.82-0.85-0.83-0.81-0.87-0.82-0.71.0-0.8-0.65-0.52
-0.83-0.79-0.49-0.84-0.8-0.86-0.86-0.85-0.74-0.83-0.59-0.810.11-0.8-0.82-0.85-0.83-0.81-0.87-0.82-0.71.0-0.8-0.65-0.52
0.970.90.730.930.970.950.920.970.750.960.250.970.250.920.970.90.770.920.920.970.75-0.8-0.80.860.81
0.840.70.760.710.910.780.740.870.570.840.230.840.460.740.830.870.490.740.740.830.43-0.65-0.650.860.95
0.780.680.70.660.820.70.70.770.520.780.250.80.550.720.770.790.450.710.680.780.42-0.52-0.520.810.95
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Stella Jones Account Relationship Matchups

Stella Jones fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.3B2.4B2.7B3.1B3.7B3.9B
Short Long Term Debt Total723.1M745M878M1.1B1.6B1.7B
Other Current Liab80.0M98M154M53M78M81.9M
Total Current Liabilities182.1M218M242M259M384M403.2M
Total Stockholder Equity1.3B1.4B1.4B1.6B1.7B1.7B
Property Plant And Equipment Net684.6M709M767M915M1.2B1.3B
Net Debt841.2M884M1.0B1.3B1.6B1.7B
Retained Earnings967.8M1.1B1.2B1.2B1.3B1.4B
Accounts Payable65M55M19M157M152M159.6M
Non Current Assets Total1.1B1.1B1.3B1.5B1.8B1.8B
Non Currrent Assets Other937K3M11M35M5M2.6M
Net Receivables185M208M239M287M319M335.0M
Common Stock Shares Outstanding68.8M67.3M65M61.4M58.0M57.8M
Liabilities And Stockholders Equity2.3B2.4B2.7B3.1B3.7B3.9B
Non Current Liabilities Total810.6M835M975M1.3B1.7B1.8B
Inventory970.6M1.1B1.1B1.2B1.6B1.7B
Other Current Assets47M36M43M58M48M50.4M
Other Stockholder Equity386K80M79M171M196.7M206.5M
Total Liab992.8M1.1B1.2B1.5B2.1B2.2B
Property Plant And Equipment Gross684.6M709M965M1.1B1.4B1.5B
Total Current Assets1.2B1.3B1.4B1.6B1.9B2.0B
Accumulated Other Comprehensive Income103.1M80M79M171M134M140.7M
Short Term Debt36M46M68M42M154M161.7M
Cash(118.1M)(139M)(144M)(167M)(150.3M)(142.8M)
Cash And Short Term Investments(118.1M)(139M)(144M)(167M)(150.3M)(142.8M)
Current Deferred Revenue79.0M89.5M77.6M117M134.6M141.3M
Good Will284.9M280M341M369M375M234.7M
Intangible Assets114.7M115M158M171M169M117.8M
Common Stock Total Equity220.5M221.3M217.0M214M246.1M206.9M
Common Stock217.0M214M208M194M189M208.9M
Other Liab124M134M165M191M219.7M129.9M
Net Tangible Assets888M978M949M1.0B1.2B794.9M
Other Assets4M3M8M35M40.3M42.3M
Long Term Debt598.4M595M701M940M1.2B711.1M
Short Long Term Debt6.5M11M33M1M100M105M
Property Plant Equipment684M709M767M915M1.1B599.3M
Long Term Debt Total687.3M701M810M1.1B1.2B758.2M

Pair Trading with Stella Jones

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

Moving together with Stella Stock

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  0.61INFM Infinico Metals CorpPairCorr

Moving against Stella Stock

  0.9TSLA Tesla Inc CDRPairCorr
  0.84AMZN Amazon CDRPairCorr
  0.8WMT Walmart Inc CDRPairCorr
  0.77GOOG Alphabet CDRPairCorr
  0.74BRK Berkshire Hathaway CDRPairCorr
The ability to find closely correlated positions to Stella Jones could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Stella Jones 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 Stella Jones - 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 Stella Jones to buy it.
The correlation of Stella Jones 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 Stella Jones moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Stella Jones 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 Stella Jones 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 Stella Stock

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