CECO Net Invested Capital vs Capital Surpluse Analysis

CECO Stock

USD 24.59 2.03 9.00%

CECO Environmental financial indicator trend analysis is way more than just evaluating CECO Environmental Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether CECO Environmental Corp is a good investment. Please check the relationship between CECO Environmental Net Invested Capital and its Capital Surpluse accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CECO Environmental 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 main economic indicators.

Net Invested Capital vs Capital Surpluse

Net Invested Capital vs Capital Surpluse Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of CECO Environmental Corp Net Invested Capital account and Capital Surpluse. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between CECO Environmental's Net Invested Capital and Capital Surpluse is -0.68. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Capital Surpluse in the same time period over historical financial statements of CECO Environmental Corp, assuming nothing else is changed. The correlation between historical values of CECO Environmental's Net Invested Capital and Capital Surpluse 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 Invested Capital of CECO Environmental Corp are associated (or correlated) with its Capital Surpluse. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Surpluse has no effect on the direction of Net Invested Capital i.e., CECO Environmental's Net Invested Capital and Capital Surpluse go up and down completely randomly.

Correlation Coefficient

-0.68

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

Capital Surpluse

Most indicators from CECO Environmental's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into CECO Environmental Corp 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in CECO Environmental 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 main economic indicators.

At this time, CECO Environmental's Selling General Administrative is very stable compared to the past year. As of the 31st of October 2024, Enterprise Value Over EBITDA is likely to grow to 23.72, while Tax Provision is likely to drop about 4.4 M.

	2021	2022	2023	2024 (projected)
Interest Expense	3.0M	5.4M	13.4M	14.1M
Depreciation And Amortization	9.9M	10.6M	12.5M	13.1M

Interest Expense Depreciation And Amortization

CECO Environmental fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	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 Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Other Assets	Accounts Payable	Other Current Assets	Common Stock	Short Term Investments
Total Assets		0.9	0.31	0.94	0.98	0.97	0.88	-0.25	0.86	0.99	0.5	0.86	0.95	0.65	0.96	0.96	0.92	0.99	0.97	0.48	0.83	0.65	0.92	0.64	0.76	0.78
Short Long Term Debt Total	0.9		0.34	0.83	0.84	0.87	0.88	0.01	0.76	0.89	0.47	0.76	0.84	0.43	0.91	0.88	0.72	0.91	0.86	0.72	0.83	0.53	0.75	0.42	0.57	0.55
Other Current Liab	0.31	0.34		0.48	0.22	0.36	0.21	-0.04	0.45	0.23	0.0	0.45	0.42	0.0	0.21	0.36	0.21	0.35	0.41	0.54	0.03	0.28	0.13	0.08	0.0	0.42
Total Current Liabilities	0.94	0.83	0.48		0.89	0.94	0.75	-0.29	0.94	0.88	0.49	0.94	0.98	0.59	0.84	0.89	0.86	0.96	0.99	0.47	0.63	0.66	0.89	0.6	0.65	0.85
Total Stockholder Equity	0.98	0.84	0.22	0.89		0.94	0.82	-0.32	0.82	0.97	0.47	0.82	0.91	0.73	0.91	0.92	0.96	0.94	0.94	0.36	0.8	0.7	0.92	0.66	0.84	0.79
Property Plant And Equipment Net	0.97	0.87	0.36	0.94	0.94		0.85	-0.19	0.84	0.94	0.54	0.84	0.95	0.57	0.89	0.93	0.87	0.96	0.96	0.49	0.74	0.64	0.88	0.57	0.69	0.75
Net Debt	0.88	0.88	0.21	0.75	0.82	0.85		0.02	0.57	0.93	0.5	0.57	0.76	0.42	0.97	0.88	0.69	0.9	0.78	0.64	0.92	0.37	0.71	0.49	0.56	0.44
Retained Earnings	-0.25	0.01	-0.04	-0.29	-0.32	-0.19	0.02		-0.39	-0.22	0.35	-0.39	-0.25	-0.7	-0.13	-0.08	-0.58	-0.22	-0.28	0.29	-0.11	-0.2	-0.51	-0.5	-0.62	-0.58
Cash	0.86	0.76	0.45	0.94	0.82	0.84	0.57	-0.39		0.77	0.36	1.0	0.9	0.61	0.71	0.8	0.83	0.86	0.93	0.37	0.52	0.7	0.85	0.58	0.66	0.86
Non Current Assets Total	0.99	0.89	0.23	0.88	0.97	0.94	0.93	-0.22	0.77		0.48	0.77	0.88	0.64	0.98	0.95	0.9	0.97	0.92	0.49	0.9	0.57	0.88	0.62	0.76	0.7
Non Currrent Assets Other	0.5	0.47	0.0	0.49	0.47	0.54	0.5	0.35	0.36	0.48		0.36	0.51	0.08	0.49	0.51	0.3	0.51	0.5	0.29	0.4	0.37	0.37	0.25	0.17	0.19
Cash And Short Term Investments	0.86	0.76	0.45	0.94	0.82	0.84	0.57	-0.39	1.0	0.77	0.36		0.9	0.61	0.71	0.8	0.83	0.86	0.93	0.37	0.52	0.7	0.85	0.58	0.66	0.86
Net Receivables	0.95	0.84	0.42	0.98	0.91	0.95	0.76	-0.25	0.9	0.88	0.51	0.9		0.61	0.83	0.88	0.87	0.95	0.99	0.43	0.62	0.72	0.91	0.6	0.67	0.85
Common Stock Shares Outstanding	0.65	0.43	0.0	0.59	0.73	0.57	0.42	-0.7	0.61	0.64	0.08	0.61	0.61		0.55	0.5	0.84	0.59	0.64	-0.04	0.5	0.68	0.81	0.84	0.97	0.75
Non Current Liabilities Total	0.96	0.91	0.21	0.84	0.91	0.89	0.97	-0.13	0.71	0.98	0.49	0.71	0.83	0.55		0.94	0.82	0.96	0.87	0.57	0.94	0.48	0.82	0.59	0.68	0.59
Inventory	0.96	0.88	0.36	0.89	0.92	0.93	0.88	-0.08	0.8	0.95	0.51	0.8	0.88	0.5	0.94		0.82	0.95	0.91	0.51	0.81	0.59	0.79	0.52	0.63	0.66
Other Stockholder Equity	0.92	0.72	0.21	0.86	0.96	0.87	0.69	-0.58	0.83	0.9	0.3	0.83	0.87	0.84	0.82	0.82		0.88	0.9	0.21	0.71	0.68	0.95	0.73	0.91	0.87
Total Liab	0.99	0.91	0.35	0.96	0.94	0.96	0.9	-0.22	0.86	0.97	0.51	0.86	0.95	0.59	0.96	0.95	0.88		0.97	0.54	0.82	0.6	0.89	0.62	0.7	0.75
Total Current Assets	0.97	0.86	0.41	0.99	0.94	0.96	0.78	-0.28	0.93	0.92	0.5	0.93	0.99	0.64	0.87	0.91	0.9	0.97		0.45	0.68	0.73	0.92	0.65	0.72	0.85
Short Term Debt	0.48	0.72	0.54	0.47	0.36	0.49	0.64	0.29	0.37	0.49	0.29	0.37	0.43	-0.04	0.57	0.51	0.21	0.54	0.45		0.56	0.21	0.22	0.19	0.08	0.09
Intangible Assets	0.83	0.83	0.03	0.63	0.8	0.74	0.92	-0.11	0.52	0.9	0.4	0.52	0.62	0.5	0.94	0.81	0.71	0.82	0.68	0.56		0.29	0.68	0.52	0.65	0.38
Other Assets	0.65	0.53	0.28	0.66	0.7	0.64	0.37	-0.2	0.7	0.57	0.37	0.7	0.72	0.68	0.48	0.59	0.68	0.6	0.73	0.21	0.29		0.65	0.72	0.69	0.74
Accounts Payable	0.92	0.75	0.13	0.89	0.92	0.88	0.71	-0.51	0.85	0.88	0.37	0.85	0.91	0.81	0.82	0.79	0.95	0.89	0.92	0.22	0.68	0.65		0.72	0.86	0.85
Other Current Assets	0.64	0.42	0.08	0.6	0.66	0.57	0.49	-0.5	0.58	0.62	0.25	0.58	0.6	0.84	0.59	0.52	0.73	0.62	0.65	0.19	0.52	0.72	0.72		0.81	0.66
Common Stock	0.76	0.57	0.0	0.65	0.84	0.69	0.56	-0.62	0.66	0.76	0.17	0.66	0.67	0.97	0.68	0.63	0.91	0.7	0.72	0.08	0.65	0.69	0.86	0.81		0.73
Short Term Investments	0.78	0.55	0.42	0.85	0.79	0.75	0.44	-0.58	0.86	0.7	0.19	0.86	0.85	0.75	0.59	0.66	0.87	0.75	0.85	0.09	0.38	0.74	0.85	0.66	0.73

Click cells to compare fundamentals

CECO Environmental Account Relationship Matchups

CECO Environmental fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	408.6M	419.3M	416.2M	504.7M	613.1M	643.8M
Short Long Term Debt Total	76.6M	81.9M	72.5M	119.7M	155.5M	163.3M
Other Current Liab	21.3M	543K	1.5M	3.2M	33.4M	35.0M
Total Current Liabilities	115.2M	109.4M	116.7M	146.7M	203.1M	213.3M
Total Stockholder Equity	193.0M	202.7M	204.6M	213.2M	232.6M	244.3M
Property Plant And Equipment Net	28.9M	27.6M	26.8M	32.2M	42.5M	44.6M
Net Debt	41.0M	45.9M	42.6M	74.1M	100.0M	105.0M
Retained Earnings	(46.3M)	(38.1M)	(36.7M)	(19.3M)	(6.4M)	(6.7M)
Cash	43.7M	35.6M	36.0M	45.5M	55.4M	58.2M
Non Current Assets Total	229.1M	235.8M	227.2M	264.1M	331.7M	348.3M
Non Currrent Assets Other	2.7M	3.8M	3.2M	3.1M	4.7M	4.9M
Cash And Short Term Investments	43.7M	35.6M	36.0M	45.5M	55.4M	58.2M
Net Receivables	103.2M	108.5M	126.4M	154.1M	179.3M	188.3M
Common Stock Shares Outstanding	35.5M	35.5M	35.6M	35.0M	35.3M	18.5M
Liabilities And Stockholders Equity	408.6M	419.3M	416.2M	504.7M	613.1M	643.8M
Non Current Liabilities Total	100.4M	106.3M	93.6M	139.9M	172.5M	181.1M
Inventory	20.6M	17.3M	17.1M	26.5M	34.1M	35.8M
Other Stockholder Equity	253.5M	254.9M	253.0M	250.2M	255.0M	267.7M
Total Liab	215.6M	215.7M	210.2M	286.6M	375.6M	394.4M
Total Current Assets	179.5M	183.5M	189.0M	240.7M	281.4M	295.5M
Short Term Debt	2.5M	3.1M	2.2M	3.6M	17.3M	18.1M
Intangible Assets	45.6M	42.6M	35.5M	44.8M	60.0M	63.0M
Other Assets	2.7M	3.8M	3.7M	3.9M	4.5M	3.0M
Accounts Payable	78.3M	85.0M	84.1M	107.2M	87.7M	92.1M
Other Current Assets	10.1M	9.9M	11.5M	12.2M	12.6M	6.8M
Common Stock	353K	355K	350K	344K	348K	214.8K
Current Deferred Revenue	34.4M	20.7M	28.9M	32.7M	64.8M	35.4M
Accumulated Other Comprehensive Income	(14.5M)	(14.5M)	(12.1M)	(18.0M)	(16.3M)	(15.5M)
Good Will	152.0M	161.8M	161.2M	183.2M	211.3M	122.0M
Other Liab	19.0M	20.8M	17.0M	18.3M	16.4M	17.7M
Net Tangible Assets	(4.6M)	(1.7M)	7.9M	(14.7M)	(16.9M)	(17.8M)
Long Term Debt	63.0M	69.5M	61.6M	107.6M	126.8M	92.2M
Deferred Long Term Liab	1.8M	3.8M	3.2M	8.7M	10.0M	10.5M
Net Invested Capital	258.5M	275.3M	268.3M	324.4M	372.4M	321.5M
Short Long Term Debt	2.5M	3.1M	2.2M	3.6M	13.0M	13.6M
Capital Stock	353K	355K	350K	344K	348K	279.9K
Non Current Liabilities Other	20.4M	20.6M	14.8M	23.6M	12.6M	15.9M
Net Working Capital	64.3M	74.1M	72.3M	94.0M	78.3M	80.7M
Property Plant Equipment	28.9M	27.6M	26.8M	20.8M	18.7M	20.2M

Pair Trading with CECO Environmental

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 CECO Environmental 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 CECO Environmental will appreciate offsetting losses from the drop in the long position's value.

Moving together with CECO Stock

0.67

FSS

Federal Signal

Pair Corr

Moving against CECO Stock

0.48	AZ	A2Z Smart Technologies Tech Boost	Pair Corr
0.37	PCTTU	Purecycle Technologies Trending	Pair Corr
0.32	PCTTW	PureCycle Technologies Trending	Pair Corr
0.31	J	Jacobs Solutions Fiscal Year End 19th of November 2024	Pair Corr

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

The correlation of CECO Environmental 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 CECO Environmental moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CECO Environmental 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 CECO Environmental 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

When determining whether CECO Environmental Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of CECO Environmental's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Ceco Environmental Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ceco Environmental Corp Stock:

How To Invest In CECO

Details

Is CECO Stock a good investment?

Details

What is CECO Environmental's Net Worth?

Details

Largest Industrial Machinery & Supplies & Components Companies

View

Largest Pollution & Treatment Controls Companies

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CECO Environmental 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 main economic indicators.

You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.

Is Industrial Machinery & Supplies & Components space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of CECO Environmental. If investors know CECO will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about CECO Environmental listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.34)

Earnings Share

0.33

Revenue Per Share

15.853

Quarterly Revenue Growth

(0.09)

Return On Assets

0.0424

The market value of CECO Environmental Corp is measured differently than its book value, which is the value of CECO that is recorded on the company's balance sheet. Investors also form their own opinion of CECO Environmental's value that differs from its market value or its book value, called intrinsic value, which is CECO Environmental's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because CECO Environmental's market value can be influenced by many factors that don't directly affect CECO Environmental's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between CECO Environmental's value and its price as these two are different measures arrived at by different means. Investors typically determine if CECO Environmental is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CECO Environmental's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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CECO Net Invested Capital vs Capital Surpluse Analysis

Net Invested Capital vs Capital Surpluse

Net Invested Capital vs Capital Surpluse Correlation Analysis

Correlation Coefficient

Net Invested Capital

Capital Surpluse

CECO Environmental fundamental ratios Correlations

CECO Environmental Account Relationship Matchups

High Positive Relationship

High Negative Relationship

CECO Environmental fundamental ratios Accounts

Pair Trading with CECO Environmental

Moving together with CECO Stock

Moving against CECO Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Non Current Assets Total	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Assets
Total Current Assets	+ 0.99	Total Current Liabilities
Total Current Assets	+ 0.99	Net Receivables
Total Stockholder Equity	+ 0.98	Total Assets

Common Stock Shares Outstanding	- 0.7	Retained Earnings
Common Stock	- 0.62	Retained Earnings
Short Term Investments	- 0.58	Retained Earnings
Other Stockholder Equity	- 0.58	Retained Earnings
Accounts Payable	- 0.51	Retained Earnings
Other Current Assets	- 0.5	Retained Earnings