Kenon Long Term Debt vs Net Tangible Assets Analysis
KEN Stock | USD 28.21 0.11 0.39% |
Kenon Holdings financial indicator trend analysis is infinitely more than just investigating Kenon Holdings recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Kenon Holdings is a good investment. Please check the relationship between Kenon Holdings Long Term Debt and its Net Tangible Assets accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kenon Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income. To learn how to invest in Kenon Stock, please use our How to Invest in Kenon Holdings guide.
Long Term Debt vs Net Tangible Assets
Long Term Debt vs Net Tangible Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Kenon Holdings Long Term Debt account and Net Tangible Assets. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Kenon Holdings' Long Term Debt and Net Tangible Assets is 0.13. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Net Tangible Assets in the same time period over historical financial statements of Kenon Holdings, assuming nothing else is changed. The correlation between historical values of Kenon Holdings' Long Term Debt and Net Tangible Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of Kenon Holdings are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Long Term Debt i.e., Kenon Holdings' Long Term Debt and Net Tangible Assets go up and down completely randomly.
Correlation Coefficient | 0.13 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Long Term Debt
Long-term debt is a debt that Kenon Holdings has held for over one year. Long-term debt appears on Kenon Holdings balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Kenon Holdings balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.Net Tangible Assets
The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.Most indicators from Kenon Holdings' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Kenon Holdings 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kenon Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income. To learn how to invest in Kenon Stock, please use our How to Invest in Kenon Holdings guide.As of the 31st of October 2024, Issuance Of Capital Stock is likely to grow to about 262 M, while Selling General Administrative is likely to drop about 58 M.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 51.9M | 50M | 52.3M | 56.9M | Depreciation And Amortization | 57.6M | 62.9M | 90.9M | 96.0M |
Kenon Holdings fundamental ratios Correlations
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Kenon Holdings Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Kenon Holdings fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.5B | 2.5B | 4.1B | 3.8B | 4.1B | 3.5B | |
Other Current Liab | 14.6M | 39M | 8.7M | 3M | 113.5M | 89.5M | |
Total Current Liabilities | 105.0M | 228M | 447.3M | 193M | 358.8M | 493.5M | |
Total Stockholder Equity | 623.4M | 1.1B | 1.8B | 1.6B | 1.2B | 980.4M | |
Other Liab | 109M | 102.1M | 154.3M | 139.2M | 160.1M | 128.4M | |
Net Tangible Assets | 622M | 1.1B | 1.6B | 1.4B | 1.6B | 912.0M | |
Retained Earnings | (10.9M) | 460M | 1.1B | 1.5B | 1.1B | 1.1B | |
Accounts Payable | 15.4M | 128M | 136.5M | 134M | 70.7M | 121.2M | |
Cash | 147.2M | 286M | 474.5M | 535M | 697.4M | 464.1M | |
Other Assets | 373M | 124.1M | 125.2M | 70.4M | 81.0M | 77.0M | |
Long Term Debt | 576.7M | 871.8M | 1.2B | 1.1B | 1.4B | 1.2B | |
Net Receivables | 54.1M | 48M | 71.7M | 74M | 150.8M | 113.4M | |
Good Will | 131K | 141K | 118.8M | 117.2M | 192.3M | 201.9M | |
Common Stock Shares Outstanding | 53.9M | 53.9M | 53.9M | 53.9M | 53.4M | 59.0M | |
Short Term Investments | 33.6M | 114K | 229K | 391M | 215.8M | 122.0M | |
Inventory | 122.4M | 564M | 1.7M | 1.9M | 1.0 | 0.95 | |
Other Current Assets | 5.9M | 22M | 9.1M | 59M | 32.1M | 25.7M | |
Other Stockholder Equity | (14.0M) | 404.1M | 25.7M | 1.2M | 1.4M | 1.3M | |
Total Liab | 796.6M | 1.2B | 1.8B | 1.5B | 2.0B | 1.6B | |
Deferred Long Term Liab | 18.8M | 27.3M | 31.8M | 48.0M | 43.2M | 57.1M | |
Long Term Investments | 119.7M | 532.4M | 1.9B | 1.1B | 703.2M | 565.6M | |
Short Long Term Debt | 45.6M | 46.5M | 38.3M | 39.3M | 169.6M | 161.1M | |
Total Current Assets | 329.5M | 920M | 581.6M | 1.1B | 1.1B | 846.4M | |
Accumulated Other Comprehensive Income | 31.9M | 5M | 51.5M | 43M | 66.1M | 69.4M | |
Short Term Debt | 46.5M | 61M | 57.3M | 56M | 174.6M | 265.9M | |
Intangible Assets | 1.1M | 1.3M | 105.5M | 103.6M | 129.0M | 81.7M | |
Property Plant Equipment | 685M | 904.6M | 1.2B | 1.3B | 1.2B | 1.5B | |
Property Plant And Equipment Net | 684.8M | 905M | 1.2B | 1.3B | 1.9B | 1.4B | |
Net Debt | 481.1M | 651M | 769.5M | 664M | 894.2M | 946.6M | |
Non Current Assets Total | 1.2B | 1.6B | 3.5B | 2.7B | 3.0B | 2.1B | |
Non Currrent Assets Other | 294.2M | 45M | 90.4M | 82M | 22.2M | 23.3M | |
Cash And Short Term Investments | 147.2M | 286M | 474.8M | 926M | 913.2M | 611.0M | |
Non Current Liabilities Total | 691.6M | 978M | 1.3B | 1.3B | 1.7B | 1.4B | |
Short Long Term Debt Total | 628.3M | 937M | 1.2B | 1.2B | 1.6B | 1.4B | |
Current Deferred Revenue | 298.5M | 6.9M | 28.5M | 244.8M | 281.5M | 295.6M | |
Liabilities And Stockholders Equity | 1.5B | 2.5B | 4.1B | 3.8B | 4.1B | 2.6B | |
Property Plant And Equipment Gross | 684.8M | 904.6M | 1.5B | 1.3B | 2.2B | 1.5B | |
Long Term Debt Total | 581.8M | 871.8M | 1.2B | 1.1B | 1.0B | 1.1B |
Pair Trading with Kenon Holdings
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 Kenon Holdings 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 Kenon Holdings will appreciate offsetting losses from the drop in the long position's value.Moving together with Kenon Stock
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0.8 | PAM | Pampa Energia SA | PairCorr |
0.87 | TAC | TransAlta Corp | PairCorr |
0.84 | TLN | Talen Energy | PairCorr |
Moving against Kenon Stock
0.74 | HE | Hawaiian Electric | PairCorr |
0.56 | VSTE | Vast Renewables Buyout Trend | PairCorr |
0.45 | RNWWW | ReNew Energy Global | PairCorr |
The ability to find closely correlated positions to Kenon Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kenon Holdings 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 Kenon Holdings - 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 Kenon Holdings to buy it.
The correlation of Kenon Holdings 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 Kenon Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Kenon Holdings 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 Kenon Holdings 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.Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kenon Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income. To learn how to invest in Kenon Stock, please use our How to Invest in Kenon Holdings guide.You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
Is Independent Power and Renewable Electricity Producers 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 Kenon Holdings. If investors know Kenon 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 Kenon Holdings 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 0.348 | Dividend Share 3.8 | Earnings Share (1.44) | Revenue Per Share 13.743 | Quarterly Revenue Growth 0.097 |
The market value of Kenon Holdings is measured differently than its book value, which is the value of Kenon that is recorded on the company's balance sheet. Investors also form their own opinion of Kenon Holdings' value that differs from its market value or its book value, called intrinsic value, which is Kenon Holdings' 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 Kenon Holdings' market value can be influenced by many factors that don't directly affect Kenon Holdings' 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 Kenon Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Kenon Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Kenon Holdings' 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.