Celestica Accounts Payable vs Net Debt Analysis

CLS Stock

USD 52.49 3.88 6.88%

Celestica financial indicator trend analysis is way more than just evaluating Celestica prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Celestica is a good investment. Please check the relationship between Celestica Accounts Payable and its Net Debt accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Celestica. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

For more information on how to buy Celestica Stock please use our How to Invest in Celestica guide.

Accounts Payable vs Net Debt

Accounts Payable vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Celestica Accounts Payable account and Net Debt. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Celestica's Accounts Payable and Net Debt is 0.44. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Net Debt in the same time period over historical financial statements of Celestica, assuming nothing else is changed. The correlation between historical values of Celestica's Accounts Payable and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Celestica are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Accounts Payable i.e., Celestica's Accounts Payable and Net Debt go up and down completely randomly.

Correlation Coefficient

0.44

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Accounts Payable

An accounting item on the balance sheet that represents Celestica obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Celestica are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.

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.

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

For more information on how to buy Celestica Stock please use our How to Invest in Celestica guide.At this time, Celestica's Enterprise Value Over EBITDA is comparatively stable compared to the past year. Enterprise Value Multiple is likely to gain to 8.59 in 2024, whereas Selling General Administrative is likely to drop slightly above 268.5 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	487M	636.3M	752.5M	503.6M
Total Revenue	5.6B	7.3B	8.1B	5.4B

Gross Profit Total Revenue

Celestica 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	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Other Liab
Total Assets		0.68	0.86	0.98	0.78	0.92	0.57	0.21	0.94	-0.07	0.92	-0.57	-0.07	0.96	0.56	-0.5	0.75	0.96	0.77	0.11	0.97	0.66	0.99	0.3	0.57	0.74
Short Long Term Debt Total	0.68		0.53	0.65	0.2	0.59	0.9	0.63	0.54	-0.62	0.88	-0.8	-0.62	0.73	0.82	-0.84	0.95	0.64	0.39	-0.27	0.78	0.36	0.59	0.43	0.91	0.35
Other Current Liab	0.86	0.53		0.82	0.63	0.7	0.58	0.38	0.77	-0.08	0.75	-0.55	-0.08	0.77	0.64	-0.41	0.55	0.78	0.96	0.11	0.79	0.89	0.83	0.03	0.54	0.45
Total Current Liabilities	0.98	0.65	0.82		0.75	0.91	0.53	0.21	0.92	-0.13	0.9	-0.5	-0.13	0.95	0.54	-0.47	0.72	0.98	0.75	0.09	0.98	0.6	0.98	0.2	0.55	0.71
Total Stockholder Equity	0.78	0.2	0.63	0.75		0.83	-0.01	-0.38	0.8	0.5	0.55	-0.21	0.5	0.74	0.01	0.01	0.24	0.73	0.59	0.3	0.64	0.51	0.84	0.3	0.01	0.77
Property Plant And Equipment Net	0.92	0.59	0.7	0.91	0.83		0.4	0.01	0.81	0.05	0.86	-0.49	0.05	0.94	0.37	-0.41	0.65	0.87	0.61	0.07	0.89	0.57	0.93	0.44	0.41	0.83
Net Debt	0.57	0.9	0.58	0.53	-0.01	0.4		0.83	0.44	-0.71	0.77	-0.8	-0.71	0.59	0.93	-0.85	0.9	0.52	0.48	-0.25	0.68	0.47	0.46	0.3	0.95	0.17
Retained Earnings	0.21	0.63	0.38	0.21	-0.38	0.01	0.83		0.04	-0.87	0.42	-0.54	-0.87	0.21	0.84	-0.74	0.59	0.21	0.36	-0.33	0.34	0.35	0.1	-0.11	0.78	-0.22
Accounts Payable	0.94	0.54	0.77	0.92	0.8	0.81	0.44	0.04		0.07	0.8	-0.43	0.07	0.88	0.42	-0.34	0.64	0.92	0.69	0.27	0.89	0.54	0.95	0.27	0.44	0.72
Cash	-0.07	-0.62	-0.08	-0.13	0.5	0.05	-0.71	-0.87	0.07		-0.38	0.48	1.0	-0.12	-0.73	0.64	-0.57	-0.15	-0.04	0.47	-0.28	0.02	0.02	0.1	-0.76	0.27
Non Current Assets Total	0.92	0.88	0.75	0.9	0.55	0.86	0.77	0.42	0.8	-0.38		-0.78	-0.38	0.92	0.76	-0.65	0.91	0.88	0.61	-0.05	0.96	0.54	0.86	0.4	0.81	0.62
Non Currrent Assets Other	-0.57	-0.8	-0.55	-0.5	-0.21	-0.49	-0.8	-0.54	-0.43	0.48	-0.78		0.48	-0.61	-0.86	0.5	-0.75	-0.45	-0.39	-0.02	-0.61	-0.46	-0.46	-0.49	-0.88	-0.19
Cash And Short Term Investments	-0.07	-0.62	-0.08	-0.13	0.5	0.05	-0.71	-0.87	0.07	1.0	-0.38	0.48		-0.12	-0.73	0.64	-0.57	-0.15	-0.04	0.47	-0.28	0.02	0.02	0.1	-0.76	0.27
Net Receivables	0.96	0.73	0.77	0.95	0.74	0.94	0.59	0.21	0.88	-0.12	0.92	-0.61	-0.12		0.54	-0.53	0.78	0.9	0.68	0.09	0.96	0.64	0.95	0.42	0.59	0.74
Good Will	0.56	0.82	0.64	0.54	0.01	0.37	0.93	0.84	0.42	-0.73	0.76	-0.86	-0.73	0.54		-0.67	0.8	0.52	0.52	-0.12	0.65	0.5	0.45	0.14	0.97	0.07
Common Stock Shares Outstanding	-0.5	-0.84	-0.41	-0.47	0.01	-0.41	-0.85	-0.74	-0.34	0.64	-0.65	0.5	0.64	-0.53	-0.67		-0.85	-0.5	-0.33	0.45	-0.62	-0.29	-0.43	-0.26	-0.73	-0.33
Non Current Liabilities Total	0.75	0.95	0.55	0.72	0.24	0.65	0.9	0.59	0.64	-0.57	0.91	-0.75	-0.57	0.78	0.8	-0.85		0.72	0.41	-0.17	0.85	0.37	0.67	0.44	0.89	0.5
Inventory	0.96	0.64	0.78	0.98	0.73	0.87	0.52	0.21	0.92	-0.15	0.88	-0.45	-0.15	0.9	0.52	-0.5	0.72		0.71	0.06	0.96	0.51	0.97	0.16	0.54	0.72
Other Current Assets	0.77	0.39	0.96	0.75	0.59	0.61	0.48	0.36	0.69	-0.04	0.61	-0.39	-0.04	0.68	0.52	-0.33	0.41	0.71		0.1	0.69	0.88	0.76	-0.06	0.4	0.33
Other Stockholder Equity	0.11	-0.27	0.11	0.09	0.3	0.07	-0.25	-0.33	0.27	0.47	-0.05	-0.02	0.47	0.09	-0.12	0.45	-0.17	0.06	0.1		0.02	0.1	0.15	0.1	-0.17	0.11
Total Liab	0.97	0.78	0.79	0.98	0.64	0.89	0.68	0.34	0.89	-0.28	0.96	-0.61	-0.28	0.96	0.65	-0.62	0.85	0.96	0.69	0.02		0.56	0.95	0.29	0.69	0.69
Property Plant And Equipment Gross	0.66	0.36	0.89	0.6	0.51	0.57	0.47	0.35	0.54	0.02	0.54	-0.46	0.02	0.64	0.5	-0.29	0.37	0.51	0.88	0.1	0.56		0.63	0.05	0.37	0.31
Total Current Assets	0.99	0.59	0.83	0.98	0.84	0.93	0.46	0.1	0.95	0.02	0.86	-0.46	0.02	0.95	0.45	-0.43	0.67	0.97	0.76	0.15	0.95	0.63		0.26	0.46	0.77
Short Term Debt	0.3	0.43	0.03	0.2	0.3	0.44	0.3	-0.11	0.27	0.1	0.4	-0.49	0.1	0.42	0.14	-0.26	0.44	0.16	-0.06	0.1	0.29	0.05	0.26		0.27	0.39
Intangible Assets	0.57	0.91	0.54	0.55	0.01	0.41	0.95	0.78	0.44	-0.76	0.81	-0.88	-0.76	0.59	0.97	-0.73	0.89	0.54	0.4	-0.17	0.69	0.37	0.46	0.27		0.15
Other Liab	0.74	0.35	0.45	0.71	0.77	0.83	0.17	-0.22	0.72	0.27	0.62	-0.19	0.27	0.74	0.07	-0.33	0.5	0.72	0.33	0.11	0.69	0.31	0.77	0.39	0.15

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Celestica Account Relationship Matchups

Celestica fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	3.6B	3.7B	4.7B	5.6B	5.9B	4.3B
Short Long Term Debt Total	698.7M	585.9M	794.4M	786.1M	778.8M	483.4M
Other Current Liab	410.1M	584M	916M	1.5B	1.8B	1.9B
Total Current Liabilities	1.5B	1.6B	2.3B	3.1B	3.2B	1.7B
Total Stockholder Equity	1.4B	1.4B	1.5B	1.7B	1.8B	1.5B
Property Plant And Equipment Net	459.1M	433.5M	452.5M	510.3M	623.5M	358.8M
Net Debt	219.2M	122.1M	400.4M	411.6M	410.3M	430.8M
Retained Earnings	(1.4B)	(1.4B)	(1.3B)	(1.1B)	(835.3M)	(877.1M)
Accounts Payable	898M	854.5M	1.2B	1.4B	1.3B	1.1B
Cash	479.5M	463.8M	394M	374.5M	368.5M	553.6M
Non Current Assets Total	968.7M	926.9M	1.2B	1.3B	1.4B	848.7M
Non Currrent Assets Other	26.4M	25.5M	25.2M	34.8M	27.5M	26.2M
Cash And Short Term Investments	479.5M	463.8M	394M	374.5M	368.5M	553.6M
Net Receivables	1.1B	1.1B	1.3B	1.4B	1.8B	1.0B
Good Will	198.3M	198.6M	324.2M	321.8M	320.1M	323.6M
Common Stock Shares Outstanding	131.8M	129.1M	126.7M	123.6M	120.3M	147.6M
Liabilities And Stockholders Equity	3.6B	3.7B	4.7B	5.6B	5.9B	4.3B
Non Current Liabilities Total	730.2M	676.9M	950.4M	895.1M	898.1M	507.3M
Inventory	992.2M	1.1B	1.7B	2.4B	2.1B	1.1B
Other Current Assets	59.2M	81.7M	75.4M	202.8M	227.3M	238.7M
Other Stockholder Equity	967.8M	958.8M	980.9M	1.0B	945.6M	1.5B
Total Liab	2.2B	2.3B	3.2B	4.0B	4.1B	2.2B
Property Plant And Equipment Gross	459.1M	433.5M	452.5M	510.3M	1.5B	1.6B
Total Current Assets	2.6B	2.7B	3.4B	4.3B	4.5B	3.1B
Accumulated Other Comprehensive Income	(23.6M)	(15.2M)	(26.8M)	(1.3M)	(14.8M)	(14.1M)
Short Term Debt	132.6M	99.8M	51.5M	52.2M	51.3M	50.0M
Intangible Assets	251.3M	229.4M	382M	346.5M	325.2M	260.0M
Other Liab	152M	174.3M	200.1M	161.2M	185.4M	126.0M
Other Assets	50.3M	56.1M	72.4M	122.4M	1.0	0.95
Long Term Debt	471.4M	486.1M	742.9M	733.9M	589.3M	479.8M
Common Stock	1.8B	1.8B	1.8B	1.7B	1.7B	2.2B
Property Plant Equipment	459.1M	433.5M	452.5M	510.3M	459.3M	375.0M
Current Deferred Revenue	33.6M	39.9M	47.7M	68.9M	64.5M	61.2M
Common Stock Total Equity	2.0B	2.0B	1.8B	1.8B	1.7B	2.0B
Treasury Stock	(20.2M)	(14.8M)	(15.7M)	(48.9M)	(44.0M)	(41.8M)
Net Tangible Assets	896.9M	971.7M	756.8M	1.0B	901.9M	831.1M
Deferred Long Term Liab	4.1M	3.3M	4.7M	3.2M	2.9M	2.7M
Short Long Term Debt	139.6M	99.8M	51.5M	52.2M	17M	16.2M
Long Term Debt Total	559.1M	486.1M	742.9M	733.9M	844.0M	519.5M

Pair Trading with Celestica

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

Moving together with Celestica Stock

0.78

Knowles Cor

Pair Corr

Moving against Celestica Stock

0.78	DTSS	Datasea	Pair Corr
0.76	HOLI	Hollysys Automation	Pair Corr
0.71	LPL	LG Display	Pair Corr
0.59	CSCO	Cisco Systems Financial Report 21st of August 2024	Pair Corr
0.55	AVNW	Aviat Networks Fiscal Year End 28th of August 2024	Pair Corr

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

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

Additional Tools for Celestica Stock Analysis

When running Celestica's price analysis, check to measure Celestica'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 Celestica is operating at the current time. Most of Celestica's value examination focuses on studying past and present price action to predict the probability of Celestica's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Celestica's price. Additionally, you may evaluate how the addition of Celestica to your portfolios can decrease your overall portfolio volatility.

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