Surge Total Current Assets vs Net Receivables Analysis

SGY Stock

CAD 7.30 0.06 0.82%

Surge Energy financial indicator trend analysis is much more than just breaking down Surge Energy prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Surge Energy is a good investment. Please check the relationship between Surge Energy Total Current Assets and its Net Receivables accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Surge Energy. 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.

Total Current Assets vs Net Receivables

Total Current Assets vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Surge Energy Total Current Assets account and Net Receivables. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Surge Energy's Total Current Assets and Net Receivables is 0.93. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Surge Energy, assuming nothing else is changed. The correlation between historical values of Surge Energy's Total Current Assets and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Assets of Surge Energy are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Total Current Assets i.e., Surge Energy's Total Current Assets and Net Receivables go up and down completely randomly.

Correlation Coefficient

0.93

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Net Receivables

Most indicators from Surge Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Surge Energy 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 Surge Energy. 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, Surge Energy's Selling General Administrative is very stable compared to the past year. As of the 3rd of August 2025, Sales General And Administrative To Revenue is likely to grow to 0.08, while Tax Provision is likely to drop (17.5 M).

	2022	2023	2024	2025 (projected)
Gross Profit	464.6M	348.6M	356.1M	373.9M
Total Revenue	734.5M	558.6M	541.7M	568.8M

Gross Profit Total Revenue

Surge Energy fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	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	Other Stockholder Equity	Total Liab	Total Current Assets	Short Long Term Debt Total	Other Current Liab	Property Plant And Equipment Net	Non Current Liabilities Total	Other Current Assets	Property Plant And Equipment Gross	Short Term Debt	Current Deferred Revenue	Good Will	Common Stock Total Equity	Common Stock
Total Assets		0.11	0.89	0.74	-0.24	0.45	-0.23	1.0	0.2	-0.04	0.67	0.32	0.57	0.81	0.7	0.8	0.49	1.0	0.9	0.44	0.6	-0.33	0.6	0.13	0.68	0.66
Total Current Liabilities	0.11		-0.29	0.5	-0.74	0.42	-0.44	0.1	-0.53	-0.47	0.34	0.34	0.37	0.59	0.24	0.47	0.54	0.1	0.32	0.07	0.26	0.32	0.13	0.02	0.46	0.47
Total Stockholder Equity	0.89	-0.29		0.39	0.08	0.28	0.1	0.89	0.36	0.22	0.5	0.2	0.39	0.45	0.55	0.46	0.3	0.89	0.63	0.39	0.49	-0.42	0.53	0.11	0.46	0.44
Net Debt	0.74	0.5	0.39		-0.42	0.32	-0.66	0.74	0.02	-0.33	0.53	0.15	0.6	0.95	0.57	0.97	0.52	0.75	0.93	0.27	0.35	-0.06	0.44	0.2	0.6	0.55
Retained Earnings	-0.24	-0.74	0.08	-0.42		-0.54	0.46	-0.23	0.31	0.75	-0.5	-0.73	-0.45	-0.57	-0.34	-0.43	-0.23	-0.22	-0.4	-0.27	-0.58	0.27	-0.13	0.32	-0.82	-0.85
Accounts Payable	0.45	0.42	0.28	0.32	-0.54		0.06	0.43	-0.2	-0.04	0.87	0.83	0.08	0.51	0.77	0.4	0.27	0.42	0.45	0.25	0.88	-0.09	0.34	-0.53	0.51	0.61
Cash	-0.23	-0.44	0.1	-0.66	0.46	0.06		-0.24	-0.04	0.7	0.02	0.03	-0.62	-0.58	0.11	-0.56	-0.18	-0.25	-0.52	-0.03	-0.03	0.0	-0.16	-0.35	-0.39	-0.35
Non Current Assets Total	1.0	0.1	0.89	0.74	-0.23	0.43	-0.24		0.22	-0.04	0.65	0.31	0.58	0.8	0.68	0.79	0.49	1.0	0.9	0.44	0.59	-0.34	0.6	0.14	0.68	0.66
Non Currrent Assets Other	0.2	-0.53	0.36	0.02	0.31	-0.2	-0.04	0.22		0.32	-0.26	-0.09	-0.01	-0.07	-0.09	0.09	-0.47	0.22	0.12	0.31	-0.09	-0.24	0.01	-0.05	-0.04	-0.07
Cash And Short Term Investments	-0.04	-0.47	0.22	-0.33	0.75	-0.04	0.7	-0.04	0.32		-0.12	-0.34	-0.51	-0.35	0.07	-0.25	-0.07	-0.02	-0.24	0.02	-0.21	0.37	0.12	-0.04	-0.59	-0.59
Net Receivables	0.67	0.34	0.5	0.53	-0.5	0.87	0.02	0.65	-0.26	-0.12		0.72	0.17	0.66	0.93	0.59	0.43	0.65	0.65	0.2	0.84	-0.28	0.41	-0.43	0.64	0.7
Common Stock Shares Outstanding	0.32	0.34	0.2	0.15	-0.73	0.83	0.03	0.31	-0.09	-0.34	0.72		0.16	0.36	0.58	0.23	0.04	0.28	0.3	0.38	0.89	-0.43	0.05	-0.62	0.68	0.78
Other Stockholder Equity	0.57	0.37	0.39	0.6	-0.45	0.08	-0.62	0.58	-0.01	-0.51	0.17	0.16		0.61	0.1	0.51	0.43	0.58	0.58	0.52	0.32	-0.19	0.41	0.52	0.58	0.59
Total Liab	0.81	0.59	0.45	0.95	-0.57	0.51	-0.58	0.8	-0.07	-0.35	0.66	0.36	0.61		0.66	0.97	0.58	0.81	0.95	0.36	0.54	-0.11	0.48	0.12	0.74	0.72
Total Current Assets	0.7	0.24	0.55	0.57	-0.34	0.77	0.11	0.68	-0.09	0.07	0.93	0.58	0.1	0.66		0.66	0.37	0.69	0.69	0.29	0.72	-0.31	0.37	-0.4	0.57	0.6
Short Long Term Debt Total	0.8	0.47	0.46	0.97	-0.43	0.4	-0.56	0.79	0.09	-0.25	0.59	0.23	0.51	0.97	0.66		0.48	0.8	0.96	0.32	0.41	-0.11	0.45	0.1	0.65	0.6
Other Current Liab	0.49	0.54	0.3	0.52	-0.23	0.27	-0.18	0.49	-0.47	-0.07	0.43	0.04	0.43	0.58	0.37	0.48		0.51	0.47	-0.03	0.32	0.18	0.32	0.29	0.34	0.35
Property Plant And Equipment Net	1.0	0.1	0.89	0.75	-0.22	0.42	-0.25	1.0	0.22	-0.02	0.65	0.28	0.58	0.81	0.69	0.8	0.51		0.91	0.43	0.57	-0.32	0.61	0.14	0.66	0.64
Non Current Liabilities Total	0.9	0.32	0.63	0.93	-0.4	0.45	-0.52	0.9	0.12	-0.24	0.65	0.3	0.58	0.95	0.69	0.96	0.47	0.91		0.39	0.54	-0.25	0.51	0.12	0.7	0.67
Other Current Assets	0.44	0.07	0.39	0.27	-0.27	0.25	-0.03	0.44	0.31	0.02	0.2	0.38	0.52	0.36	0.29	0.32	-0.03	0.43	0.39		0.4	-0.2	0.28	0.09	0.39	0.43
Property Plant And Equipment Gross	0.6	0.26	0.49	0.35	-0.58	0.88	-0.03	0.59	-0.09	-0.21	0.84	0.89	0.32	0.54	0.72	0.41	0.32	0.57	0.54	0.4		-0.43	0.24	-0.4	0.68	0.79
Short Term Debt	-0.33	0.32	-0.42	-0.06	0.27	-0.09	0.0	-0.34	-0.24	0.37	-0.28	-0.43	-0.19	-0.11	-0.31	-0.11	0.18	-0.32	-0.25	-0.2	-0.43		0.18	0.25	-0.54	-0.55
Current Deferred Revenue	0.6	0.13	0.53	0.44	-0.13	0.34	-0.16	0.6	0.01	0.12	0.41	0.05	0.41	0.48	0.37	0.45	0.32	0.61	0.51	0.28	0.24	0.18		0.06	0.35	0.3
Good Will	0.13	0.02	0.11	0.2	0.32	-0.53	-0.35	0.14	-0.05	-0.04	-0.43	-0.62	0.52	0.12	-0.4	0.1	0.29	0.14	0.12	0.09	-0.4	0.25	0.06		-0.22	-0.25
Common Stock Total Equity	0.68	0.46	0.46	0.6	-0.82	0.51	-0.39	0.68	-0.04	-0.59	0.64	0.68	0.58	0.74	0.57	0.65	0.34	0.66	0.7	0.39	0.68	-0.54	0.35	-0.22		0.98
Common Stock	0.66	0.47	0.44	0.55	-0.85	0.61	-0.35	0.66	-0.07	-0.59	0.7	0.78	0.59	0.72	0.6	0.6	0.35	0.64	0.67	0.43	0.79	-0.55	0.3	-0.25	0.98

Click cells to compare fundamentals

Surge Energy Account Relationship Matchups

Surge Energy fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	708.0M	1.3B	1.6B	1.5B	1.4B	758.6M
Total Current Liabilities	343.9M	180.0M	141.4M	122.1M	118.7M	74.5M
Total Stockholder Equity	(66.2M)	513.4M	838.3M	844.0M	738.5M	404.2M
Net Debt	446.4M	368.1M	376.7M	282.2M	208.9M	184.9M
Retained Earnings	(1.6B)	(1.2B)	(988.8M)	(1.0B)	(1.1B)	(1.1B)
Accounts Payable	51.3M	84.3M	93.4M	85.4M	95.4M	100.2M
Non Current Assets Total	672.9M	1.2B	1.5B	1.4B	1.3B	726.5M
Non Currrent Assets Other	(672.9M)	(1.2B)	660K	67.1M	60.4M	63.4M
Cash And Short Term Investments	(40.8M)	(31.1M)	(28.8M)	7.6M	6.8M	7.2M
Net Receivables	29.8M	55.7M	60.6M	46.8M	58.3M	61.2M
Common Stock Shares Outstanding	39.5M	56.0M	87.0M	101.0M	100.4M	105.4M
Liabilities And Stockholders Equity	708.0M	1.3B	1.6B	1.5B	1.4B	758.6M
Other Stockholder Equity	52.1M	52.1M	59.0M	67.5M	6.4M	6.1M
Total Liab	774.2M	762.1M	711.8M	636.8M	627.6M	354.4M
Total Current Assets	35.0M	58.9M	65.1M	63.4M	75.6M	79.4M
Short Long Term Debt Total	405.6M	337.1M	347.9M	282.2M	324.5M	192.2M
Other Current Liab	22.9M	34.3M	16.8M	16.3M	4.1M	3.9M
Property Plant And Equipment Net	672.9M	1.2B	1.4B	1.4B	1.2B	738.1M
Non Current Liabilities Total	430.3M	582.0M	570.3M	514.7M	508.9M	290.6M
Other Current Assets	5.3M	3.2M	4.5M	16.7M	6.5M	4.1M
Property Plant And Equipment Gross	672.9M	2.8B	3.1B	3.3B	2.7B	2.8B
Short Term Debt	8.1M	269.7M	61.4M	31.3M	20.4M	0.0
Common Stock	1.5B	1.7B	1.8B	1.8B	1.8B	1.5B
Other Liab	270.5M	294.4M	298.7M	253.7M	291.7M	240.8M
Net Tangible Assets	671.3M	(66.2M)	513.4M	838.3M	754.5M	567.1M
Long Term Debt	103.9M	260.0M	294.3M	245.7M	215.8M	223.4M
Property Plant Equipment	672.9M	1.2B	1.4B	1.4B	1.2B	1.0B
Other Assets	42.6M	0.0	77.1M	67.1M	84.3M	45.8M
Long Term Debt Total	135.9M	283.4M	316.7M	261.8M	227.3M	291.6M
Capital Surpluse	52.1M	52.1M	59.0M	67.5M	89.0M	60.1M
Inventory	46.7M	40.8M	31.1M	28.8M	33.1M	27.6M
Net Invested Capital	298.6M	819.4M	1.2B	1.1B	955.0M	769.3M
Net Working Capital	(308.8M)	(121.1M)	(76.3M)	(58.6M)	(43.1M)	(45.2M)

Pair Trading with Surge Energy

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 Surge Energy 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 Surge Energy will appreciate offsetting losses from the drop in the long position's value.

Moving together with Surge Stock

0.79	ENB-PFV	Enbridge Pref 5	Pair Corr
0.95	ENB-PFC	Enbridge Pref 11	Pair Corr
0.9	ENB-PFU	Enbridge Pref L	Pair Corr

Moving against Surge Stock

0.74	ENS-PA	E Split Corp	Pair Corr
0.42	SAGE	Sage Potash Corp	Pair Corr

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

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

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

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Surge Total Current Assets vs Net Receivables Analysis

Total Current Assets vs Net Receivables

Total Current Assets vs Net Receivables Correlation Analysis

Correlation Coefficient

Total Current Assets

Net Receivables

Surge Energy fundamental ratios Correlations

Surge Energy Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Surge Energy fundamental ratios Accounts

Pair Trading with Surge Energy

Moving together with Surge Stock

Moving against Surge Stock

Other Information on Investing in Surge Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Property Plant And Equipment Net	+ 1.0	Total Assets
Property Plant And Equipment Net	+ 1.0	Non Current Assets Total
Common Stock	+ 0.98	Common Stock Total Equity
Short Long Term Debt Total	+ 0.97	Net Debt
Short Long Term Debt Total	+ 0.97	Total Liab

Common Stock	- 0.85	Retained Earnings
Common Stock Total Equity	- 0.82	Retained Earnings
Retained Earnings	- 0.74	Total Current Liabilities
Common Stock Shares Outstanding	- 0.73	Retained Earnings
Cash	- 0.66	Net Debt
Good Will	- 0.62	Common Stock Shares Outstanding