Transat Other Current Assets vs Non Currrent Assets Other Analysis
TRZ Stock | CAD 1.80 0.03 1.64% |
Transat AT financial indicator trend analysis is much more than just breaking down Transat AT prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Transat AT is a good investment. Please check the relationship between Transat AT Other Current Assets and its Non Currrent Assets Other accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Transat AT. 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 Non Currrent Assets Other
Other Current Assets vs Non Currrent Assets Other Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Transat AT Other Current Assets account and Non Currrent Assets Other. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Transat AT's Other Current Assets and Non Currrent Assets Other is 0.83. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Non Currrent Assets Other in the same time period over historical financial statements of Transat AT, assuming nothing else is changed. The correlation between historical values of Transat AT's Other Current Assets and Non Currrent Assets Other 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 Transat AT are associated (or correlated) with its Non Currrent Assets Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Currrent Assets Other has no effect on the direction of Other Current Assets i.e., Transat AT's Other Current Assets and Non Currrent Assets Other go up and down completely randomly.
Correlation Coefficient | 0.83 |
Relationship Direction | Positive |
Relationship Strength | Strong |
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.Non Currrent Assets Other
Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.Most indicators from Transat AT's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Transat AT 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 Transat AT. 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, Transat AT's Discontinued Operations is very stable compared to the past year. As of the 24th of December 2024, Enterprise Value Over EBITDA is likely to grow to 8.16, while Selling General Administrative is likely to drop about 202.6 K.
2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 210.0M | 324.8M | 292.4M | 277.7M | Cost Of Revenue | 1.7B | 2.6B | 3.0B | 2.0B |
Transat AT fundamental ratios Correlations
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Transat AT Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Transat AT fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 2.0B | 1.9B | 2.3B | 2.6B | 3.0B | 3.1B | |
Short Long Term Debt Total | 903.9M | 1.4B | 1.8B | 1.9B | 2.2B | 2.3B | |
Other Current Liab | 775.4M | 385.1M | 720.3M | 907.8M | 1.0B | 1.1B | |
Total Current Liabilities | 1.0B | 630.2M | 1.1B | 1.3B | 1.5B | 1.5B | |
Total Stockholder Equity | 66.3M | (315.1M) | (750.2M) | (779.0M) | (701.1M) | (666.1M) | |
Property Plant And Equipment Net | 916.4M | 974.2M | 1.0B | 1.1B | 1.2B | 1.3B | |
Net Debt | 477.5M | 986.3M | 1.4B | 1.5B | 1.7B | 1.8B | |
Retained Earnings | (164.1M) | (544.9M) | (984.6M) | (1.0B) | (907.6M) | (862.2M) | |
Accounts Payable | 90.8M | 72.1M | 195.1M | 185.2M | 213.0M | 180.1M | |
Cash | 426.4M | 433.2M | 322.5M | 435.6M | 501.0M | 343.1M | |
Non Current Assets Total | 1.2B | 1.2B | 1.2B | 1.4B | 1.6B | 1.6B | |
Non Currrent Assets Other | 56.5M | 30.7M | 216.1M | 251.9M | 289.7M | 304.2M | |
Cash And Short Term Investments | 426.4M | 433.2M | 322.5M | 435.6M | 501.0M | 348.4M | |
Net Receivables | 97.7M | 110.0M | 270.6M | 139.3M | 160.2M | 112.0M | |
Liabilities And Stockholders Equity | 2.0B | 1.9B | 2.3B | 2.6B | 3.0B | 3.1B | |
Non Current Liabilities Total | 935.4M | 1.6B | 2.0B | 2.1B | 2.4B | 2.5B | |
Inventory | 10.0M | 10.5M | 26.7M | 33.7M | 38.8M | 40.7M | |
Other Current Assets | 317.0M | 166.2M | 412.0M | 598.0M | 687.8M | 722.1M | |
Total Liab | 1.9B | 2.2B | 3.0B | 3.3B | 3.9B | 4.0B | |
Property Plant And Equipment Gross | 2.0B | 1.8B | 1.9B | 2.1B | 2.4B | 2.6B | |
Total Current Assets | 851.1M | 719.9M | 1.0B | 1.2B | 1.4B | 696.5M | |
Accumulated Other Comprehensive Income | (6.5M) | (7.2M) | (3.6M) | (10.4M) | (11.9M) | (12.5M) | |
Short Term Debt | 148.0M | 171.6M | 137.2M | 171.1M | 196.7M | 206.6M | |
Intangible Assets | 25.5M | 16.8M | 13.3M | 14.8M | 13.3M | 12.6M | |
Current Deferred Revenue | 608.9M | 292.2M | 602.5M | (20.8M) | (23.9M) | (22.7M) | |
Other Liab | 214.0M | 179.5M | 318.7M | 345.2M | 397.0M | 416.8M | |
Net Tangible Assets | 520.6M | 40.8M | (332.0M) | (763.4M) | (687.1M) | (652.7M) | |
Other Assets | 260.9M | 208.5M | 177.2M | 217.0M | 249.6M | 175.8M | |
Deferred Long Term Liab | 26.5M | 33.7M | 19.4M | 12.6M | 14.4M | 12.9M | |
Long Term Investments | 14.5M | 9.5M | 8.8M | 11.8M | 10.6M | 10.1M | |
Property Plant Equipment | 891.4M | 916.4M | 974.2M | 1.0B | 1.2B | 1.2B | |
Long Term Debt Total | 566.1M | 755.9M | 1.2B | 1.6B | 1.9B | 1.9B | |
Cash And Equivalents | 564.8M | 426.4M | 433.2M | 322.5M | 290.3M | 376.9M |
Pair Trading with Transat AT
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 Transat AT 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 Transat AT will appreciate offsetting losses from the drop in the long position's value.Moving against Transat Stock
The ability to find closely correlated positions to Transat AT could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Transat AT 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 Transat AT - 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 Transat AT to buy it.
The correlation of Transat AT 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 Transat AT moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Transat AT 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 Transat AT 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 Transat Stock
Balance Sheet is a snapshot of the financial position of Transat AT at a specified time, usually calculated after every quarter, six months, or one year. Transat AT Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Transat AT 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 Transat currently owns. An asset can also be divided into two categories, current and non-current.