Canopy Common Stock vs Short Term Debt Analysis

WEED Stock

CAD 12.89 0.92 6.66%

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 Common Stock and its Short Term Debt 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 tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

Common Stock vs Short Term Debt

Common Stock vs Short Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Canopy Growth Corp Common Stock account and Short Term Debt. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Canopy Growth's Common Stock and Short Term Debt is 0.49. Overlapping area represents the amount of variation of Common Stock that can explain the historical movement of Short Term Debt 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 Common Stock and Short Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock of Canopy Growth Corp are associated (or correlated) with its Short Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Debt has no effect on the direction of Common Stock i.e., Canopy Growth's Common Stock and Short Term Debt go up and down completely randomly.

Correlation Coefficient

0.49

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Common Stock

Short Term Debt

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 tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

As of the 23rd of May 2024, Sales General And Administrative To Revenue is likely to grow to 5.50, while Selling General Administrative is likely to drop about 5.5 M.

Canopy Growth fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Cash	Cash And Short Term Investments	Common Stock Shares Outstanding	Short Term Investments	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Accounts Payable	Common Stock Total Equity	Non Current Liabilities Total	Common Stock	Net Tangible Assets	Long Term Debt	Net Receivables	Inventory	Short Long Term Debt	Short Term Debt	Intangible Assets	Property Plant Equipment
Total Assets		0.81	0.65	0.98	-0.43	-0.62	0.95	0.9	0.38	0.9	0.78	0.7	0.87	0.96	0.92	0.59	0.75	0.87	0.89	0.82	0.97	0.94	0.15	0.79	0.96	0.96
Other Current Liab	0.81		0.59	0.73	-0.03	-0.68	0.67	0.7	0.69	0.6	0.4	0.79	0.81	0.69	0.68	0.82	0.86	0.78	0.59	0.69	0.81	0.89	0.13	0.49	0.76	0.88
Total Current Liabilities	0.65	0.59		0.57	-0.13	-0.8	0.62	0.55	0.49	0.47	0.59	0.34	0.71	0.63	0.74	0.57	0.49	0.87	0.47	0.61	0.77	0.68	0.83	0.45	0.69	0.68
Total Stockholder Equity	0.98	0.73	0.57		-0.57	-0.46	0.98	0.92	0.32	0.92	0.83	0.6	0.74	0.97	0.95	0.53	0.63	0.77	0.97	0.7	0.91	0.87	0.07	0.89	0.96	0.92
Net Debt	-0.43	-0.03	-0.13	-0.57		-0.28	-0.62	-0.48	0.36	-0.55	-0.64	0.08	-0.01	-0.56	-0.61	0.23	0.21	-0.07	-0.72	0.09	-0.27	-0.31	0.14	-0.79	-0.54	-0.36
Retained Earnings	-0.62	-0.68	-0.8	-0.46	-0.28		-0.42	-0.37	-0.49	-0.33	-0.26	-0.7	-0.87	-0.47	-0.48	-0.59	-0.74	-0.91	-0.24	-0.84	-0.78	-0.71	-0.58	-0.11	-0.56	-0.69
Cash	0.95	0.67	0.62	0.98	-0.62	-0.42		0.96	0.33	0.96	0.9	0.46	0.72	1.0	0.97	0.52	0.59	0.74	0.97	0.66	0.89	0.83	0.17	0.92	0.94	0.87
Cash And Short Term Investments	0.9	0.7	0.55	0.92	-0.48	-0.37	0.96		0.51	0.97	0.87	0.4	0.68	0.96	0.9	0.67	0.67	0.69	0.93	0.65	0.83	0.76	0.14	0.88	0.86	0.79
Common Stock Shares Outstanding	0.38	0.69	0.49	0.32	0.36	-0.49	0.33	0.51		0.31	0.27	0.29	0.45	0.34	0.37	0.96	0.66	0.5	0.24	0.43	0.45	0.39	0.37	0.21	0.35	0.39
Short Term Investments	0.9	0.6	0.47	0.92	-0.55	-0.33	0.96	0.97	0.31		0.87	0.41	0.69	0.97	0.87	0.51	0.63	0.65	0.93	0.67	0.81	0.74	0.05	0.87	0.85	0.76
Other Current Assets	0.78	0.4	0.59	0.83	-0.64	-0.26	0.9	0.87	0.27	0.87		0.11	0.51	0.89	0.9	0.39	0.36	0.61	0.89	0.52	0.73	0.58	0.31	0.85	0.8	0.62
Other Stockholder Equity	0.7	0.79	0.34	0.6	0.08	-0.7	0.46	0.4	0.29	0.41	0.11		0.79	0.49	0.42	0.48	0.77	0.69	0.39	0.74	0.72	0.81	-0.14	0.23	0.61	0.81
Total Liab	0.87	0.81	0.71	0.74	-0.01	-0.87	0.72	0.68	0.45	0.69	0.51	0.79		0.77	0.69	0.63	0.9	0.94	0.56	0.95	0.92	0.91	0.32	0.41	0.77	0.87
Total Current Assets	0.96	0.69	0.63	0.97	-0.56	-0.47	1.0	0.96	0.34	0.97	0.89	0.49	0.77		0.95	0.54	0.65	0.78	0.95	0.72	0.91	0.85	0.18	0.88	0.94	0.87
Accounts Payable	0.92	0.68	0.74	0.95	-0.61	-0.48	0.97	0.9	0.37	0.87	0.9	0.42	0.69	0.95		0.54	0.52	0.79	0.94	0.61	0.89	0.83	0.33	0.9	0.95	0.87
Common Stock Total Equity	0.59	0.82	0.57	0.53	0.23	-0.59	0.52	0.67	0.96	0.51	0.39	0.48	0.63	0.54	0.54		0.8	0.66	0.43	0.6	0.64	0.59	0.32	0.39	0.54	0.6
Non Current Liabilities Total	0.75	0.86	0.49	0.63	0.21	-0.74	0.59	0.67	0.66	0.63	0.36	0.77	0.9	0.65	0.52	0.8		0.77	0.45	0.88	0.78	0.79	0.12	0.3	0.62	0.74
Common Stock	0.87	0.78	0.87	0.77	-0.07	-0.91	0.74	0.69	0.5	0.65	0.61	0.69	0.94	0.78	0.79	0.66	0.77		0.61	0.9	0.96	0.87	0.53	0.49	0.82	0.88
Net Tangible Assets	0.89	0.59	0.47	0.97	-0.72	-0.24	0.97	0.93	0.24	0.93	0.89	0.39	0.56	0.95	0.94	0.43	0.45	0.61		0.53	0.8	0.74	0.02	0.96	0.9	0.8
Long Term Debt	0.82	0.69	0.61	0.7	0.09	-0.84	0.66	0.65	0.43	0.67	0.52	0.74	0.95	0.72	0.61	0.6	0.88	0.9	0.53		0.89	0.78	0.27	0.34	0.68	0.77
Net Receivables	0.97	0.81	0.77	0.91	-0.27	-0.78	0.89	0.83	0.45	0.81	0.73	0.72	0.92	0.91	0.89	0.64	0.78	0.96	0.8	0.89		0.93	0.33	0.67	0.92	0.95
Inventory	0.94	0.89	0.68	0.87	-0.31	-0.71	0.83	0.76	0.39	0.74	0.58	0.81	0.91	0.85	0.83	0.59	0.79	0.87	0.74	0.78	0.93		0.17	0.63	0.92	0.98
Short Long Term Debt	0.15	0.13	0.83	0.07	0.14	-0.58	0.17	0.14	0.37	0.05	0.31	-0.14	0.32	0.18	0.33	0.32	0.12	0.53	0.02	0.27	0.33	0.17		0.05	0.21	0.16
Short Term Debt	0.79	0.49	0.45	0.89	-0.79	-0.11	0.92	0.88	0.21	0.87	0.85	0.23	0.41	0.88	0.9	0.39	0.3	0.49	0.96	0.34	0.67	0.63	0.05		0.84	0.7
Intangible Assets	0.96	0.76	0.69	0.96	-0.54	-0.56	0.94	0.86	0.35	0.85	0.8	0.61	0.77	0.94	0.95	0.54	0.62	0.82	0.9	0.68	0.92	0.92	0.21	0.84		0.95
Property Plant Equipment	0.96	0.88	0.68	0.92	-0.36	-0.69	0.87	0.79	0.39	0.76	0.62	0.81	0.87	0.87	0.87	0.6	0.74	0.88	0.8	0.77	0.95	0.98	0.16	0.7	0.95

Click cells to compare fundamentals

Canopy Growth Account Relationship Matchups

Canopy Growth fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	8.7B	6.9B	6.8B	5.6B	2.4B	24.7M
Other Current Liab	240.4M	207.2M	139.3M	94.7M	108.9M	88.9M
Total Current Liabilities	411.7M	420.6M	284.3M	212.9M	803.8M	2.6M
Total Stockholder Equity	7.0B	4.9B	3.5B	3.6B	809.9M	20.6M
Net Debt	(677.4M)	428.3M	725.0M	629.9M	724.4M	760.6M
Retained Earnings	(777.1M)	(4.3B)	(6.1B)	(6.4B)	(7.6B)	(10.4M)
Cash	2.5B	1.3B	1.2B	776.0M	462.5M	5.5M
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	594.9M	624.6M
Short Term Investments	673.3M	1.1B	595.7M	105.6M	121.4M	115.4M
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	737.5K
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	4.1M
Total Current Assets	5.1B	2.6B	2.8B	1.7B	1.1B	9.8M
Accounts Payable	188.9M	123.4M	67.3M	64.3M	76.2M	2.3M
Non Current Liabilities Total	1.3B	2.9B	1.8B	875.2M	1.0B	886.9M
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	1.5M
Net Receivables	107.0M	90.2M	92.4M	96.4M	66.8M	502.3K
Inventory	262.1M	391.1M	368.0M	204.4M	148.9M	3.0M
Short Long Term Debt	103.7M	16.4M	9.8M	9.3M	556.9M	1.8M
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	54.6K
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	574.4M	684.3M
Non Current Assets Total	4.3B	4.0B	3.9B	1.4B	1.6B	2.3B
Property Plant And Equipment Gross	1.5B	1.3B	1.2B	499.5M	574.4M	739.9M
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	17.8M	16.9M
Other Assets	22.6M	102.5M	479.5M	19.8M	22.8M	21.6M
Good Will	2.0B	1.9B	1.9B	85.6M	98.4M	93.5M
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	653.5M	418.0M
Non Current Liabilities Other	440.7M	613.1M	135.9M	124.9M	143.6M	238.4M

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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:

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Is Canopy Stock a good investment?

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What is Canopy Growth's Net Worth?

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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 tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

You can also try the CEOs Directory module to screen CEOs from public companies around the world.

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

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Please note, there is a significant difference between Canopy Growth's value and its price as these two are different measures arrived at by different means. Investors typically determine if Canopy Growth is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Canopy Growth's 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.

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Canopy Common Stock vs Short Term Debt Analysis

Common Stock vs Short Term Debt

Common Stock vs Short Term Debt Correlation Analysis

Correlation Coefficient

Common Stock

Short Term Debt

Canopy Growth fundamental ratios Correlations

Canopy Growth Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Canopy Growth fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Current Assets	+ 1.0	Cash
Total Stockholder Equity	+ 0.98	Total Assets
Cash	+ 0.98	Total Stockholder Equity
Property Plant Equipment	+ 0.98	Inventory
Net Receivables	+ 0.97	Total Assets
Total Current Assets	+ 0.97	Total Stockholder Equity

Common Stock	- 0.91	Retained Earnings
Total Liab	- 0.87	Retained Earnings
Long Term Debt	- 0.84	Retained Earnings
Retained Earnings	- 0.8	Total Current Liabilities
Short Term Debt	- 0.79	Net Debt
Net Receivables	- 0.78	Retained Earnings