Slate Net Debt vs Cash And Short Term Investments Analysis

SOT-UN Stock

CAD 0.45 0.02 4.26%

Slate Office financial indicator trend analysis is much more than just breaking down Slate Office REIT prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Slate Office REIT is a good investment. Please check the relationship between Slate Office Net Debt and its Cash And Short Term Investments accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Slate Office REIT. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

Net Debt vs Cash And Short Term Investments

Net Debt vs Cash And Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Slate Office REIT Net Debt account and Cash And Short Term Investments. At this time, the significance of the direction appears to have strong relationship.

The correlation between Slate Office's Net Debt and Cash And Short Term Investments is 0.66. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Slate Office REIT, assuming nothing else is changed. The correlation between historical values of Slate Office's Net Debt and Cash And Short Term Investments 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 Slate Office REIT are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Net Debt i.e., Slate Office's Net Debt and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.66

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

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.

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Slate Office REIT balance sheet. This account contains Slate Office investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Slate Office REIT fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

Most indicators from Slate Office's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Slate Office REIT 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 Slate Office REIT. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

At present, Slate Office's Selling General Administrative is projected to increase significantly based on the last few years of reporting. The current year's Tax Provision is expected to grow to about 1.2 M, whereas Issuance Of Capital Stock is forecasted to decline to 0.00.

	2021	2022	2023	2024 (projected)
Gross Profit	78.1M	91.7M	87.6M	68.9M
Total Revenue	172.7M	196.5M	197.6M	146.7M

Gross Profit Total Revenue

Slate Office fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Other Liab	Net Tangible Assets
Total Assets		1.0	0.32	0.76	0.99	0.99	0.86	1.0	0.35	0.95	0.66	0.99	0.15	0.66	0.63	0.99	0.97	0.43	0.3	0.11	1.0	0.42	0.89	1.0	0.9	0.99
Short Long Term Debt Total	1.0		0.29	0.75	0.99	1.0	0.86	1.0	0.37	0.93	0.67	1.0	0.14	0.67	0.63	0.99	0.98	0.39	0.27	0.1	1.0	0.39	0.89	0.99	0.88	0.98
Other Current Liab	0.32	0.29		0.81	0.25	0.24	0.37	0.29	-0.7	0.35	0.27	0.24	0.03	0.27	0.16	0.35	0.21	0.93	0.99	0.41	0.35	0.98	0.41	0.35	0.4	0.41
Total Current Liabilities	0.76	0.75	0.81		0.72	0.72	0.73	0.75	-0.29	0.71	0.63	0.72	0.09	0.63	0.44	0.79	0.65	0.78	0.8	0.33	0.78	0.83	0.84	0.79	0.71	0.81
Total Stockholder Equity	0.99	0.99	0.25	0.72		1.0	0.85	0.99	0.43	0.94	0.64	1.0	0.17	0.64	0.61	0.99	0.98	0.37	0.23	0.09	0.98	0.36	0.86	0.99	0.88	0.97
Property Plant And Equipment Net	0.99	1.0	0.24	0.72	1.0		0.85	1.0	0.42	0.93	0.65	1.0	0.16	0.65	0.63	0.98	0.98	0.35	0.23	0.08	0.99	0.34	0.87	0.98	0.87	0.97
Current Deferred Revenue	0.86	0.86	0.37	0.73	0.85	0.85		0.86	0.17	0.83	0.57	0.85	0.09	0.57	0.75	0.84	0.84	0.45	0.38	-0.19	0.86	0.47	0.75	0.86	0.8	0.83
Net Debt	1.0	1.0	0.29	0.75	0.99	1.0	0.86		0.37	0.93	0.66	1.0	0.14	0.66	0.63	0.99	0.98	0.39	0.27	0.1	1.0	0.39	0.89	0.99	0.88	0.98
Retained Earnings	0.35	0.37	-0.7	-0.29	0.43	0.42	0.17	0.37		0.35	0.09	0.42	0.06	0.09	0.2	0.32	0.47	-0.51	-0.74	-0.17	0.31	-0.57	0.09	0.31	0.3	0.26
Accounts Payable	0.95	0.93	0.35	0.71	0.94	0.93	0.83	0.93	0.35		0.57	0.93	0.03	0.57	0.64	0.94	0.94	0.54	0.33	0.19	0.95	0.48	0.77	0.94	0.95	0.95
Cash	0.66	0.67	0.27	0.63	0.64	0.65	0.57	0.66	0.09	0.57		0.65	0.23	1.0	0.35	0.7	0.58	0.28	0.25	0.23	0.67	0.33	0.76	0.68	0.62	0.66
Non Current Assets Total	0.99	1.0	0.24	0.72	1.0	1.0	0.85	1.0	0.42	0.93	0.65		0.16	0.65	0.63	0.98	0.98	0.35	0.23	0.07	0.99	0.34	0.86	0.98	0.87	0.97
Non Currrent Assets Other	0.15	0.14	0.03	0.09	0.17	0.16	0.09	0.14	0.06	0.03	0.23	0.16		0.23	0.11	0.16	0.15	0.0	0.01	-0.24	0.14	0.02	0.11	0.17	0.06	0.16
Cash And Short Term Investments	0.66	0.67	0.27	0.63	0.64	0.65	0.57	0.66	0.09	0.57	1.0	0.65	0.23		0.35	0.7	0.58	0.28	0.25	0.23	0.67	0.33	0.76	0.68	0.62	0.66
Net Receivables	0.63	0.63	0.16	0.44	0.61	0.63	0.75	0.63	0.2	0.64	0.35	0.63	0.11	0.35		0.6	0.66	0.25	0.17	-0.22	0.63	0.26	0.48	0.61	0.61	0.58
Common Stock Shares Outstanding	0.99	0.99	0.35	0.79	0.99	0.98	0.84	0.99	0.32	0.94	0.7	0.98	0.16	0.7	0.6		0.95	0.46	0.33	0.16	0.99	0.44	0.91	1.0	0.9	0.99
Non Current Liabilities Total	0.97	0.98	0.21	0.65	0.98	0.98	0.84	0.98	0.47	0.94	0.58	0.98	0.15	0.58	0.66	0.95		0.34	0.18	0.05	0.97	0.32	0.77	0.95	0.87	0.93
Inventory	0.43	0.39	0.93	0.78	0.37	0.35	0.45	0.39	-0.51	0.54	0.28	0.35	0.0	0.28	0.25	0.46	0.34		0.91	0.47	0.45	0.95	0.41	0.45	0.57	0.51
Other Current Assets	0.3	0.27	0.99	0.8	0.23	0.23	0.38	0.27	-0.74	0.33	0.25	0.23	0.01	0.25	0.17	0.33	0.18	0.91		0.38	0.33	0.95	0.4	0.34	0.34	0.39
Other Stockholder Equity	0.11	0.1	0.41	0.33	0.09	0.08	-0.19	0.1	-0.17	0.19	0.23	0.07	-0.24	0.23	-0.22	0.16	0.05	0.47	0.38		0.12	0.42	0.19	0.11	0.19	0.19
Total Liab	1.0	1.0	0.35	0.78	0.98	0.99	0.86	1.0	0.31	0.95	0.67	0.99	0.14	0.67	0.63	0.99	0.97	0.45	0.33	0.12		0.45	0.9	0.99	0.9	0.99
Total Current Assets	0.42	0.39	0.98	0.83	0.36	0.34	0.47	0.39	-0.57	0.48	0.33	0.34	0.02	0.33	0.26	0.44	0.32	0.95	0.95	0.42	0.45		0.45	0.44	0.55	0.5
Short Term Debt	0.89	0.89	0.41	0.84	0.86	0.87	0.75	0.89	0.09	0.77	0.76	0.86	0.11	0.76	0.48	0.91	0.77	0.41	0.4	0.19	0.9	0.45		0.91	0.75	0.91
Common Stock	1.0	0.99	0.35	0.79	0.99	0.98	0.86	0.99	0.31	0.94	0.68	0.98	0.17	0.68	0.61	1.0	0.95	0.45	0.34	0.11	0.99	0.44	0.91		0.89	0.99
Other Liab	0.9	0.88	0.4	0.71	0.88	0.87	0.8	0.88	0.3	0.95	0.62	0.87	0.06	0.62	0.61	0.9	0.87	0.57	0.34	0.19	0.9	0.55	0.75	0.89		0.9
Net Tangible Assets	0.99	0.98	0.41	0.81	0.97	0.97	0.83	0.98	0.26	0.95	0.66	0.97	0.16	0.66	0.58	0.99	0.93	0.51	0.39	0.19	0.99	0.5	0.91	0.99	0.9

Click cells to compare fundamentals

Slate Office Account Relationship Matchups

Slate Office fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.7B	1.7B	1.8B	1.9B	1.7B	1.4B
Short Long Term Debt Total	1.0B	972.6M	1.0B	1.2B	983.0M	802.1M
Other Current Liab	9.8M	1.7M	50.2M	15.0M	199.4M	209.4M
Total Current Liabilities	221.2M	206.4M	256.5M	416.6M	575.5M	604.3M
Total Stockholder Equity	627.3M	604.7M	622.0M	644.4M	515.4M	459.3M
Property Plant And Equipment Net	1.6B	1.6B	1.6B	1.8B	1.4B	1.2B
Current Deferred Revenue	5.2M	5.5M	7.4M	10.9M	8.0M	8.4M
Net Debt	995.8M	964.1M	1.0B	1.1B	971.7M	793.4M
Retained Earnings	102.9M	89.5M	109.1M	60.8M	(65.9M)	(62.6M)
Accounts Payable	28.1M	35.6M	36.7M	26.0M	32.3M	22.6M
Cash	6.1M	8.5M	9.9M	19.9M	11.3M	8.7M
Non Current Assets Total	1.7B	1.7B	1.6B	1.8B	1.4B	1.3B
Non Currrent Assets Other	63.8M	56.2M	48.5M	46.4M	46.3M	71.0M
Cash And Short Term Investments	6.1M	8.5M	9.9M	19.9M	11.3M	8.7M
Net Receivables	7.0M	7.9M	7.4M	7.7M	6.7M	6.7M
Common Stock Shares Outstanding	74.0M	73.2M	73.3M	84.1M	80.0M	56.5M
Liabilities And Stockholders Equity	1.7B	1.7B	1.8B	1.9B	1.7B	1.4B
Non Current Liabilities Total	861.4M	868.0M	930.5M	808.4M	657.0M	674.2M
Other Current Assets	10.1M	9.3M	13.6M	11.9M	305.4M	320.6M
Other Stockholder Equity	(102.9M)	(5.3M)	(6.0M)	(60.8M)	65.9M	69.2M
Total Liab	1.1B	1.1B	1.2B	1.2B	1.2B	900.7M
Total Current Assets	23.2M	25.7M	165.8M	39.5M	323.3M	339.5M
Short Term Debt	183.3M	169.2M	162.2M	374.0M	335.8M	172.1M
Common Stock	520.9M	520.5M	518.9M	578.4M	578.4M	410.7M
Other Liab	4.7M	6.8M	9.9M	6.4M	7.3M	5.4M
Net Tangible Assets	627.3M	604.7M	622.0M	644.4M	741.0M	487.5M
Other Assets	63.8M	59.5M	51.2M	46.4M	53.4M	52.8M
Long Term Debt	818.6M	803.4M	883.3M	779.2M	647.2M	689.2M
Short Long Term Debt	183.3M	169.2M	162.2M	374.0M	335.8M	201.7M
Accumulated Other Comprehensive Income	3.5M	(5.3M)	(6.0M)	5.2M	2.9M	2.7M
Property Plant Equipment	1.6B	1.6B	1.6B	1.8B	2.0B	1.3B
Non Current Liabilities Other	35.5M	28.7M	33.3M	28.8M	9.6M	9.1M
Net Invested Capital	1.6B	1.6B	1.7B	1.8B	1.5B	1.8B
Net Working Capital	(198.0M)	(180.7M)	(90.7M)	(377.1M)	(252.2M)	(264.8M)
Capital Stock	520.9M	520.5M	518.9M	578.4M	578.4M	595.9M

Pair Trading with Slate Office

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

Moving against Slate Stock

0.55	AEMC	Alaska Energy Metals	Pair Corr
0.53	EOG	Eco Atlantic Oil	Pair Corr

The ability to find closely correlated positions to Slate Office could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Slate Office 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 Slate Office - 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 Slate Office REIT to buy it.

The correlation of Slate Office 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 Slate Office moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Slate Office REIT 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 Slate Office 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 Correlation Correlation Matching

Other Information on Investing in Slate Stock

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

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Slate Net Debt vs Cash And Short Term Investments Analysis

Net Debt vs Cash And Short Term Investments

Net Debt vs Cash And Short Term Investments Correlation Analysis

Correlation Coefficient

Net Debt

Cash And Short Term Investments

Slate Office fundamental ratios Correlations

Slate Office Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Slate Office fundamental ratios Accounts

Pair Trading with Slate Office

Moving against Slate Stock

Other Information on Investing in Slate Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Short Long Term Debt Total	+ 1.0	Total Assets
Net Debt	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Common Stock	+ 1.0	Total Assets
Property Plant And Equipment Net	+ 1.0	Short Long Term Debt Total
Net Debt	+ 1.0	Short Long Term Debt Total

Other Current Assets	- 0.74	Retained Earnings
Retained Earnings	- 0.7	Other Current Liab
Total Current Assets	- 0.57	Retained Earnings
Inventory	- 0.51	Retained Earnings
Retained Earnings	- 0.29	Total Current Liabilities
Other Stockholder Equity	- 0.24	Non Currrent Assets Other