Canadian Net Receivables vs Common Stock Shares Outstanding Analysis
CNR Stock | CAD 173.19 0.85 0.49% |
Canadian National financial indicator trend analysis is way more than just evaluating Canadian National Railway prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Canadian National Railway is a good investment. Please check the relationship between Canadian National Net Receivables and its Common Stock Shares Outstanding accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Canadian National Railway. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
Net Receivables vs Common Stock Shares Outstanding
Net Receivables vs Common Stock Shares Outstanding Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Canadian National Railway Net Receivables account and Common Stock Shares Outstanding. At this time, the significance of the direction appears to have pay attention.
The correlation between Canadian National's Net Receivables and Common Stock Shares Outstanding is -0.9. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Common Stock Shares Outstanding in the same time period over historical financial statements of Canadian National Railway, assuming nothing else is changed. The correlation between historical values of Canadian National's Net Receivables and Common Stock Shares Outstanding 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 Receivables of Canadian National Railway are associated (or correlated) with its Common Stock Shares Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Shares Outstanding has no effect on the direction of Net Receivables i.e., Canadian National's Net Receivables and Common Stock Shares Outstanding go up and down completely randomly.
Correlation Coefficient | -0.9 |
Relationship Direction | Negative |
Relationship Strength | Significant |
Net Receivables
Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.Most indicators from Canadian National's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Canadian National Railway 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 Canadian National Railway. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. At this time, Canadian National's Tax Provision is very stable compared to the past year. As of the 21st of May 2024, Sales General And Administrative To Revenue is likely to grow to 0.28, while Selling General Administrative is likely to drop about 2.6 B.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 6.1B | 7.4B | 7.2B | 5.5B | Total Revenue | 14.5B | 17.1B | 16.8B | 10.2B |
Canadian National fundamental ratios Correlations
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Canadian National Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Canadian National fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 43.8B | 44.8B | 48.5B | 50.7B | 52.7B | 30.5B | |
Short Long Term Debt Total | 14.3B | 13.2B | 12.8B | 15.8B | 18.1B | 19.0B | |
Other Current Liab | 1.3B | (115M) | (74M) | (12M) | 64M | 60.8M | |
Total Current Liabilities | 4.3B | 3.3B | 3.1B | 3.8B | 5.0B | 2.6B | |
Total Stockholder Equity | 18.0B | 19.7B | 22.7B | 21.4B | 20.1B | 12.8B | |
Property Plant And Equipment Net | 40.2B | 40.5B | 41.6B | 44.0B | 45.0B | 27.0B | |
Net Debt | 14.2B | 12.6B | 12.0B | 15.4B | 18.0B | 18.9B | |
Retained Earnings | 17.6B | 19.2B | 21.0B | 19.5B | 18.7B | 9.7B | |
Accounts Payable | 866M | 2.4B | 2.6B | 2.8B | 968M | 1.2B | |
Cash | 64M | 569M | 838M | 328M | 475M | 257.7M | |
Non Current Assets Total | 41.0B | 41.7B | 45.1B | 47.4B | 49.6B | 28.5B | |
Non Currrent Assets Other | 18M | 22M | 20M | 2.9B | 12M | 11.4M | |
Cash And Short Term Investments | 64M | 569M | 838M | 328M | 377.2M | 248.2M | |
Net Receivables | 1.2B | 1.1B | 1.1B | 1.4B | 1.3B | 915.6M | |
Common Stock Shares Outstanding | 722.6M | 713M | 710.3M | 688.3M | 642.7M | 757.3M | |
Liabilities And Stockholders Equity | 43.8B | 44.8B | 48.5B | 50.7B | 58.3B | 29.6B | |
Non Current Liabilities Total | 21.5B | 21.9B | 22.7B | 25.4B | 27.5B | 15.1B | |
Inventory | 611M | 583M | 589M | 692M | 699M | 734.0M | |
Other Current Assets | 418M | 365M | 422M | 320M | 33M | 31.4M | |
Other Stockholder Equity | 240M | 264M | 294M | 211M | 189.9M | 180.4M | |
Total Liab | 25.7B | 25.2B | 25.8B | 29.3B | 32.5B | 17.8B | |
Property Plant And Equipment Gross | 40.2B | 40.5B | 41.6B | 44.0B | 62.4B | 65.6B | |
Total Current Assets | 2.8B | 3.1B | 3.4B | 3.2B | 3.1B | 2.0B | |
Accumulated Other Comprehensive Income | (3.5B) | (3.5B) | (2.2B) | (2.0B) | (1.8B) | (1.9B) | |
Short Term Debt | 2.1B | 910M | 508M | 1.1B | 1.2B | 762.6M | |
Common Stock Total Equity | 3.8B | 3.6B | 3.7B | 3.7B | 3.3B | 3.3B | |
Common Stock | 3.7B | 3.7B | 3.7B | 3.6B | 3.3B | 3.2B | |
Current Deferred Revenue | 50M | 115M | 74M | 12M | 10.8M | 10.3M | |
Intangible Assets | 152M | 145M | 139M | 137M | 131M | 124.5M | |
Other Liab | 9.2B | 9.6B | 10.4B | 10.7B | 12.3B | 9.4B | |
Net Tangible Assets | 16.5B | 18.1B | 21.1B | 19.7B | 22.6B | 17.3B | |
Other Assets | 452M | 900M | 3.2B | 3.1B | 3.6B | 3.8B | |
Long Term Debt | 11.8B | 12.0B | 12.0B | 14.4B | 16.1B | 11.5B | |
Deferred Long Term Liab | 67M | 64M | 59M | 66M | 59.4M | 56.4M | |
Long Term Investments | 84M | 83M | 119M | 94M | 402M | 422.1M | |
Short Long Term Debt | 1.9B | 910M | 508M | 1.1B | 2.3B | 1.4B | |
Property Plant Equipment | 38.9B | 39.1B | 40.2B | 44.0B | 50.6B | 38.0B | |
Long Term Debt Total | 11.9B | 12.0B | 12.0B | 14.4B | 16.5B | 12.2B | |
Capital Surpluse | 403M | 379M | 397M | 381M | 342.9M | 304.9M |
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