Canadian Short Term Debt vs Accounts Payable 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 Short Term Debt and its Accounts Payable 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.
Short Term Debt vs Accounts Payable
Short Term Debt vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Canadian National Railway Short Term Debt account and Accounts Payable. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Canadian National's Short Term Debt and Accounts Payable is -0.14. Overlapping area represents the amount of variation of Short Term Debt that can explain the historical movement of Accounts Payable 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 Short Term Debt and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Debt of Canadian National Railway are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Short Term Debt i.e., Canadian National's Short Term Debt and Accounts Payable go up and down completely randomly.
Correlation Coefficient | -0.14 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Short Term Debt
Accounts Payable
An accounting item on the balance sheet that represents Canadian National 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 Canadian National Railway 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.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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