CECO Net Debt vs Good Will Analysis

CECO Stock

USD 24.81 0.52 2.05%

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 Debt and its Good Will 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 tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators.

Net Debt vs Good Will

Net Debt vs Good Will Correlation Analysis

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

The correlation between CECO Environmental's Net Debt and Good Will is 0.83. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Good Will 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 Debt and Good Will 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 CECO Environmental Corp are associated (or correlated) with its Good Will. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Good Will has no effect on the direction of Net Debt i.e., CECO Environmental's Net Debt and Good Will go up and down completely randomly.

Correlation Coefficient

0.83

Relationship Direction	Positive
Relationship Strength	Strong

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.

Good Will

An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.

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 tightly coupled 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 20th of May 2024, Enterprise Value Over EBITDA is likely to grow to 23.73, 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	7.0M	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

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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

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Is CECO Stock a good investment?

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What is CECO Environmental's Net Worth?

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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 tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators.

Note that the CECO Environmental Corp information on this page should be used as a complementary analysis to other CECO Environmental's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.

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When running CECO Environmental's price analysis, check to measure CECO Environmental's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy CECO Environmental is operating at the current time. Most of CECO Environmental's value examination focuses on studying past and present price action to predict the probability of CECO Environmental's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CECO Environmental's price. Additionally, you may evaluate how the addition of CECO Environmental to your portfolios can decrease your overall portfolio volatility.

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Is CECO Environmental's industry 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

(0.30)

Earnings Share

0.35

Revenue Per Share

16.068

Quarterly Revenue Growth

0.122

Return On Assets

0.0457

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 Debt vs Good Will Analysis

Net Debt vs Good Will

Net Debt vs Good Will Correlation Analysis

Correlation Coefficient

Net Debt

Good Will

CECO Environmental fundamental ratios Correlations

CECO Environmental Account Relationship Matchups

High Positive Relationship

High Negative Relationship

CECO Environmental fundamental ratios Accounts

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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