Canopy Accounts Payable vs Total Liab Analysis
WEED Stock | CAD 9.76 0.89 8.36% |
Canopy Growth financial indicator trend analysis is way more than just evaluating Canopy Growth Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Canopy Growth Corp is a good investment. Please check the relationship between Canopy Growth Accounts Payable and its Total Liab accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Canopy Growth Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Accounts Payable vs Total Liab
Accounts Payable vs Total Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Canopy Growth Corp Accounts Payable account and Total Liab. At this time, the significance of the direction appears to have strong relationship.
The correlation between Canopy Growth's Accounts Payable and Total Liab is 0.67. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Total Liab in the same time period over historical financial statements of Canopy Growth Corp, assuming nothing else is changed. The correlation between historical values of Canopy Growth's Accounts Payable and Total Liab 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 Canopy Growth Corp are associated (or correlated) with its Total Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Liab has no effect on the direction of Accounts Payable i.e., Canopy Growth's Accounts Payable and Total Liab go up and down completely randomly.
Correlation Coefficient | 0.67 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Accounts Payable
An accounting item on the balance sheet that represents Canopy Growth 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 Canopy Growth Corp 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.Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.Most indicators from Canopy Growth's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Canopy Growth Corp 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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Canopy Growth Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. At this time, Canopy Growth's Tax Provision is very stable compared to the past year. As of the 7th of June 2024, Sales General And Administrative To Revenue is likely to grow to 5.23, while Selling General Administrative is likely to drop about 5.8 M.
Canopy Growth fundamental ratios Correlations
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Canopy Growth Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Canopy Growth fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 8.7B | 6.9B | 6.8B | 5.6B | 2.4B | 1.3B | |
Other Current Liab | 240.4M | 207.2M | 139.3M | 94.7M | 49.1M | 86.0M | |
Total Current Liabilities | 411.7M | 420.6M | 284.3M | 212.9M | 803.8M | 234.7M | |
Total Stockholder Equity | 7.0B | 4.9B | 3.5B | 3.6B | 809.9M | 500.4M | |
Net Debt | (677.4M) | 428.3M | 725.0M | 629.9M | 426.9M | 448.3M | |
Retained Earnings | (777.1M) | (4.3B) | (6.1B) | (6.4B) | (7.6B) | (10.3B) | |
Cash | 2.5B | 1.3B | 1.2B | 776.0M | 462.5M | 170.3M | |
Cash And Short Term Investments | 2.0B | 2.3B | 1.4B | 782.6M | 900.0M | 964.0M | |
Common Stock Shares Outstanding | 348.0M | 371.7M | 391.3M | 517.3M | 91.1M | 180.7M | |
Short Term Investments | 673.3M | 1.1B | 595.7M | 105.6M | 33.2M | 31.5M | |
Liabilities And Stockholders Equity | 6.9B | 6.8B | 5.6B | 2.4B | 2.8B | 2.8B | |
Other Current Assets | 79.0M | 14.7M | 19.1M | 19.1M | 23.6M | 13.5M | |
Other Stockholder Equity | (5.9M) | 2.6B | 2.4B | 2.5B | (13.9M) | 1.7M | |
Total Liab | 1.5B | 1.7B | 3.2B | 2.0B | 1.6B | 799.8M | |
Total Current Assets | 5.1B | 2.6B | 2.8B | 1.7B | 1.1B | 371.2M | |
Accounts Payable | 188.9M | 123.4M | 67.3M | 64.3M | 76.2M | 28.7M | |
Non Current Liabilities Total | 1.3B | 2.9B | 1.8B | 875.2M | 565.1M | 862.8M | |
Common Stock | 6.0B | 6.4B | 7.2B | 7.5B | 7.9B | 28.3M | |
Net Tangible Assets | 4.7B | 2.5B | 1.3B | 1.5B | 24.9M | 23.6M | |
Long Term Debt | 842.3M | 449.0M | 1.6B | 1.5B | 750.0M | 493.3M | |
Net Receivables | 107.0M | 90.2M | 92.4M | 96.4M | 66.8M | 44.9M | |
Inventory | 262.1M | 391.1M | 368.0M | 204.4M | 148.9M | 77.3M | |
Short Long Term Debt | 103.7M | 16.4M | 9.8M | 9.3M | 556.9M | 103.9M | |
Short Term Debt | 103.7M | 56.7M | 9.8M | 9.3M | 0.0 | 1.8M | |
Intangible Assets | 519.6M | 476.4M | 308.2M | 252.7M | 188.7M | 104.1M | |
Property Plant Equipment | 1.1B | 1.5B | 1.1B | 942.8M | 499.5M | 14.8M | |
Short Long Term Debt Total | 946.0M | 625.8M | 1.6B | 1.5B | 1.7B | 1.8B | |
Other Liab | 239.1M | 690.2M | 1.3B | 178.8M | 205.7M | 343.6M | |
Property Plant And Equipment Net | 1.5B | 1.1B | 942.8M | 499.5M | 320.1M | 304.1M | |
Non Current Assets Total | 4.3B | 4.0B | 3.9B | 1.4B | 929.2M | 882.7M | |
Property Plant And Equipment Gross | 1.5B | 1.3B | 1.2B | 499.5M | 418.3M | 712.0M | |
Accumulated Other Comprehensive Income | 1.7B | 220.9M | (34.2M) | (42.3M) | (48.6M) | (46.2M) | |
Current Deferred Revenue | 900K | 37.6M | 41.1M | 100.8M | 115.9M | 121.7M | |
Non Currrent Assets Other | 22.6M | 5.0M | 15.3M | 19.8M | 24.1M | 22.9M | |
Other Assets | 22.6M | 102.5M | 479.5M | 19.8M | 22.8M | 21.6M | |
Good Will | 2.0B | 1.9B | 1.9B | 85.6M | 43.2M | 41.1M | |
Long Term Debt Total | 500.7M | 1.6B | 1.5B | 789.6M | 908.1M | 831.0M | |
Long Term Investments | 315.1M | 708.3M | 341.7M | 568.3M | 136.2M | 129.4M | |
Non Current Liabilities Other | 440.7M | 613.1M | 135.9M | 124.9M | 16.2M | 15.4M |
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Try AI Portfolio ArchitectAdditional Information and Resources on Investing in Canopy Stock
When determining whether Canopy Growth Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Canopy Growth's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Canopy Growth Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Canopy Growth Corp Stock:Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Canopy Growth Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.