Solar Invested Capital vs Capex To Depreciation Analysis

SOLR Stock

CAD 0.05 0.01 16.67%

Solar Alliance financial indicator trend analysis is much more than just breaking down Solar Alliance Energy prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Solar Alliance Energy is a good investment. Please check the relationship between Solar Alliance Invested Capital and its Capex To Depreciation accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Solar Alliance 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 metropolitan statistical area.

Invested Capital vs Capex To Depreciation

Invested Capital vs Capex To Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Solar Alliance Energy Invested Capital account and Capex To Depreciation. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Solar Alliance's Invested Capital and Capex To Depreciation is -0.41. Overlapping area represents the amount of variation of Invested Capital that can explain the historical movement of Capex To Depreciation in the same time period over historical financial statements of Solar Alliance Energy, assuming nothing else is changed. The correlation between historical values of Solar Alliance's Invested Capital and Capex To Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Invested Capital of Solar Alliance Energy are associated (or correlated) with its Capex To Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capex To Depreciation has no effect on the direction of Invested Capital i.e., Solar Alliance's Invested Capital and Capex To Depreciation go up and down completely randomly.

Correlation Coefficient

-0.41

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Invested Capital

Invested capital represents the total cash investment that shareholders and debt holders have contributed to Solar Alliance Energy. There are two different methods for calculating Solar Alliance Energy invested capital: operating approach and financing approach. Understanding Solar Alliance invested capital allows investors to calculate measures of performance such as return on invested capital or return on capital employed.

Capex To Depreciation

The ratio of a company's capital expenditures to its depreciation expenses, indicating how much the company is investing in physical assets relative to the aging of existing assets.

Most indicators from Solar Alliance's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Solar Alliance 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 Solar Alliance 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 metropolitan statistical area.

Enterprise Value is likely to climb to about 18.3 M in 2024, whereas Selling General Administrative is likely to drop slightly above 2.9 M in 2024.

	2023	2024 (projected)
Research Development	4.6M	4.8M
Interest Expense	7.0K	6.6K

Research Development Interest Expense

Solar Alliance fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Cash	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Total Current Assets	Short Long Term Debt Total	Property Plant And Equipment Net	Non Current Assets Total	Non Currrent Assets Other	Inventory	Other Current Assets	Short Term Debt	Intangible Assets	Other Current Liab	Non Current Liabilities Total	Other Liab	Net Tangible Assets	Current Deferred Revenue
Total Assets		0.79	-0.25	0.69	0.02	0.52	0.4	0.4	-0.44	-0.44	0.66	0.77	0.34	0.74	0.27	0.88	0.76	-0.51	0.51	0.76	-0.25	0.68	0.52	0.62	-0.11	-0.27
Total Current Liabilities	0.79		-0.78	0.94	-0.21	0.68	0.21	0.2	-0.52	-0.42	0.59	0.99	0.18	0.95	0.05	0.66	0.65	-0.25	0.29	0.96	-0.34	0.55	0.7	0.49	-0.2	-0.18
Total Stockholder Equity	-0.25	-0.78		-0.81	0.3	-0.51	0.0	0.0	0.38	0.27	-0.27	-0.8	0.04	-0.78	0.19	-0.18	-0.27	-0.09	0.11	-0.75	0.23	-0.23	-0.72	-0.19	0.2	0.04
Net Debt	0.69	0.94	-0.81		-0.1	0.49	0.03	0.03	-0.61	-0.41	0.45	0.95	-0.06	0.99	0.08	0.68	0.75	-0.3	0.37	0.98	-0.15	0.49	0.77	0.51	-0.2	-0.18
Retained Earnings	0.02	-0.21	0.3	-0.1		-0.42	-0.15	-0.15	-0.5	-0.66	-0.05	-0.21	-0.33	-0.12	-0.11	0.41	0.38	-0.24	0.57	-0.11	0.88	0.51	-0.08	0.51	-0.13	-0.3
Accounts Payable	0.52	0.68	-0.51	0.49	-0.42		0.12	0.12	-0.04	-0.26	0.6	0.65	0.17	0.48	-0.11	0.26	0.2	0.05	-0.08	0.5	-0.68	0.27	0.31	0.26	-0.17	0.01
Cash	0.4	0.21	0.0	0.03	-0.15	0.12		1.0	0.06	0.0	0.33	0.25	0.93	0.19	-0.11	0.14	-0.07	-0.35	-0.13	0.17	-0.2	0.33	0.37	0.26	0.06	-0.27
Cash And Short Term Investments	0.4	0.2	0.0	0.03	-0.15	0.12	1.0		0.06	0.0	0.32	0.25	0.93	0.19	-0.11	0.14	-0.07	-0.35	-0.13	0.16	-0.2	0.33	0.37	0.25	0.06	-0.26
Net Receivables	-0.44	-0.52	0.38	-0.61	-0.5	-0.04	0.06	0.06		0.65	-0.31	-0.52	0.27	-0.59	-0.12	-0.68	-0.67	0.51	-0.61	-0.59	-0.42	-0.72	-0.45	-0.73	0.37	0.57
Common Stock Shares Outstanding	-0.44	-0.42	0.27	-0.41	-0.66	-0.26	0.0	0.0	0.65		-0.53	-0.41	0.17	-0.4	0.18	-0.61	-0.54	0.19	-0.4	-0.41	-0.32	-0.78	-0.3	-0.63	0.25	0.44
Other Stockholder Equity	0.66	0.59	-0.27	0.45	-0.05	0.6	0.33	0.32	-0.31	-0.53		0.57	0.26	0.48	-0.04	0.48	0.34	-0.41	0.15	0.5	-0.4	0.66	0.35	0.46	0.29	-0.23
Total Liab	0.77	0.99	-0.8	0.95	-0.21	0.65	0.25	0.25	-0.52	-0.41	0.57		0.19	0.96	0.03	0.65	0.64	-0.25	0.25	0.96	-0.31	0.55	0.78	0.49	-0.19	-0.19
Total Current Assets	0.34	0.18	0.04	-0.06	-0.33	0.17	0.93	0.93	0.27	0.17	0.26	0.19		0.08	0.0	0.0	-0.2	-0.17	-0.18	0.09	-0.36	0.15	0.15	0.04	0.14	-0.03
Short Long Term Debt Total	0.74	0.95	-0.78	0.99	-0.12	0.48	0.19	0.19	-0.59	-0.4	0.48	0.96	0.08		0.06	0.69	0.74	-0.36	0.35	0.99	-0.17	0.52	0.81	0.54	-0.2	-0.24
Property Plant And Equipment Net	0.27	0.05	0.19	0.08	-0.11	-0.11	-0.11	-0.11	-0.12	0.18	-0.04	0.03	0.0	0.06		0.24	0.2	-0.15	0.35	0.1	-0.1	-0.08	-0.07	0.05	-0.06	0.24
Non Current Assets Total	0.88	0.66	-0.18	0.68	0.41	0.26	0.14	0.14	-0.68	-0.61	0.48	0.65	0.0	0.69	0.24		0.94	-0.56	0.77	0.71	0.19	0.76	0.49	0.76	-0.18	-0.32
Non Currrent Assets Other	0.76	0.65	-0.27	0.75	0.38	0.2	-0.07	-0.07	-0.67	-0.54	0.34	0.64	-0.2	0.74	0.2	0.94		-0.51	0.8	0.76	0.25	0.59	0.47	0.7	-0.19	-0.29
Inventory	-0.51	-0.25	-0.09	-0.3	-0.24	0.05	-0.35	-0.35	0.51	0.19	-0.41	-0.25	-0.17	-0.36	-0.15	-0.56	-0.51		-0.58	-0.38	-0.15	-0.52	-0.23	-0.7	-0.04	0.52
Other Current Assets	0.51	0.29	0.11	0.37	0.57	-0.08	-0.13	-0.13	-0.61	-0.4	0.15	0.25	-0.18	0.35	0.35	0.77	0.8	-0.58		0.41	0.5	0.51	0.04	0.69	-0.09	-0.12
Short Term Debt	0.76	0.96	-0.75	0.98	-0.11	0.5	0.17	0.16	-0.59	-0.41	0.5	0.96	0.09	0.99	0.1	0.71	0.76	-0.38	0.41		-0.18	0.53	0.73	0.55	-0.21	-0.25
Intangible Assets	-0.25	-0.34	0.23	-0.15	0.88	-0.68	-0.2	-0.2	-0.42	-0.32	-0.4	-0.31	-0.36	-0.17	-0.1	0.19	0.25	-0.15	0.5	-0.18		0.23	-0.05	0.32	-0.09	-0.14
Other Current Liab	0.68	0.55	-0.23	0.49	0.51	0.27	0.33	0.33	-0.72	-0.78	0.66	0.55	0.15	0.52	-0.08	0.76	0.59	-0.52	0.51	0.53	0.23		0.45	0.83	-0.13	-0.43
Non Current Liabilities Total	0.52	0.7	-0.72	0.77	-0.08	0.31	0.37	0.37	-0.45	-0.3	0.35	0.78	0.15	0.81	-0.07	0.49	0.47	-0.23	0.04	0.73	-0.05	0.45		0.44	-0.13	-0.18
Other Liab	0.62	0.49	-0.19	0.51	0.51	0.26	0.26	0.25	-0.73	-0.63	0.46	0.49	0.04	0.54	0.05	0.76	0.7	-0.7	0.69	0.55	0.32	0.83	0.44		-0.27	-0.43
Net Tangible Assets	-0.11	-0.2	0.2	-0.2	-0.13	-0.17	0.06	0.06	0.37	0.25	0.29	-0.19	0.14	-0.2	-0.06	-0.18	-0.19	-0.04	-0.09	-0.21	-0.09	-0.13	-0.13	-0.27		0.45
Current Deferred Revenue	-0.27	-0.18	0.04	-0.18	-0.3	0.01	-0.27	-0.26	0.57	0.44	-0.23	-0.19	-0.03	-0.24	0.24	-0.32	-0.29	0.52	-0.12	-0.25	-0.14	-0.43	-0.18	-0.43	0.45

Click cells to compare fundamentals

Solar Alliance Account Relationship Matchups

Solar Alliance fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.3M	581.3K	3.1M	3.7M	1.8M	1.7M
Total Current Liabilities	6.5M	6.0M	2.0M	4.8M	4.0M	6.1M
Total Stockholder Equity	(5.3M)	(5.8M)	904.3K	(1.4M)	(2.3M)	(2.4M)
Net Debt	761.8K	909.9K	(2.2M)	906.9K	816.2K	775.4K
Retained Earnings	(62.4M)	(63.9M)	(64.3M)	(67.1M)	(68.9M)	(72.3M)
Accounts Payable	5.1M	4.9M	1.9M	2.7M	3.6M	4.0M
Cash	45.6K	1.9K	2.2M	650.1K	703.0K	835.6K
Cash And Short Term Investments	45.6K	1.9K	2.2M	650.1K	747.6K	839.1K
Net Receivables	781.6K	383.2K	596.0K	372.9K	730.2K	387.3K
Common Stock Shares Outstanding	198.8M	223.8M	269.8M	275.0M	316.2M	332.0M
Liabilities And Stockholders Equity	1.3M	581.3K	3.1M	3.7M	3.3M	4.1M
Other Stockholder Equity	39.5M	128.2K	13.8M	14.4M	16.5M	15.7M
Total Liab	6.6M	6.3M	2.2M	5.1M	4.1M	6.7M
Total Current Assets	1.3M	542.0K	2.8M	1.7M	1.7M	1.7M
Short Long Term Debt Total	3.0M	807.4K	911.8K	1.6M	1.4M	1.3M
Property Plant And Equipment Net	65.5K	14.3K	90.3K	2.0M	80.9K	76.9K
Non Current Assets Total	90.7K	39.3K	223.1K	2.0M	123.6K	117.4K
Non Currrent Assets Other	25.2K	25.0K	59.1K	60.1K	54.1K	51.4K
Inventory	426.8K	152.3K	58.3K	170.3K	102.2K	185.1K
Other Current Assets	3.7K	4.6K	9.0K	492.0K	442.8K	410.3K
Accumulated Other Comprehensive Income	13.8M	14.4M	16.6M	17.0M	19.6M	20.6M
Short Term Debt	3.0M	797.7K	911.8K	1.6M	1.4M	1.3M
Non Current Liabilities Total	111.5K	332.1K	161.8K	348.2K	115.7K	109.9K
Net Tangible Assets	(4.8M)	(7.4M)	(5.3M)	(5.8M)	(5.2M)	(5.4M)
Current Deferred Revenue	531.5K	174.3K	46.4K	399.1K	458.9K	275.4K
Other Assets	30.6K	25.5K	25.2K	25.0K	22.5K	25.4K
Property Plant Equipment	63.1K	59.6K	65.5K	14.3K	12.8K	12.2K
Short Long Term Debt	3.0M	758.9K	901.6K	1.6M	137.5K	130.6K
Net Invested Capital	(4.5M)	(4.8M)	904.3K	117.8K	(2.2M)	(2.3M)
Net Working Capital	(5.3M)	(5.5M)	843.0K	(3.1M)	(2.3M)	(2.4M)

Pair Trading with Solar Alliance

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

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

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

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

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Solar Invested Capital vs Capex To Depreciation Analysis

Invested Capital vs Capex To Depreciation

Invested Capital vs Capex To Depreciation Correlation Analysis

Correlation Coefficient

Invested Capital

Capex To Depreciation

Solar Alliance fundamental ratios Correlations

Solar Alliance Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Solar Alliance fundamental ratios Accounts

Pair Trading with Solar Alliance

Additional Tools for Solar Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Total Liab	+ 0.99	Total Current Liabilities
Short Long Term Debt Total	+ 0.99	Net Debt
Short Term Debt	+ 0.99	Short Long Term Debt Total
Short Term Debt	+ 0.98	Net Debt
Short Term Debt	+ 0.96	Total Current Liabilities

Net Debt	- 0.81	Total Stockholder Equity
Total Liab	- 0.8	Total Stockholder Equity
Other Current Liab	- 0.78	Common Stock Shares Outstanding
Short Long Term Debt Total	- 0.78	Total Stockholder Equity
Total Stockholder Equity	- 0.78	Total Current Liabilities
Short Term Debt	- 0.75	Total Stockholder Equity