Canopy Net Debt vs Total Current Liabilities Analysis

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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 Net Debt and its Total Current Liabilities 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.

Net Debt vs Total Current Liabilities

Net Debt vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Canopy Growth Corp Net Debt account and Total Current Liabilities. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Canopy Growth's Net Debt and Total Current Liabilities is -0.13. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Total Current Liabilities 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 Net Debt and Total Current Liabilities 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 Debt of Canopy Growth Corp are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Net Debt i.e., Canopy Growth's Net Debt and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

-0.13

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Total Current Liabilities

Total Current Liabilities is an item on Canopy Growth balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Canopy Growth Corp are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

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 27th 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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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 Net Debt vs Total Current Liabilities Analysis

Net Debt vs Total Current Liabilities

Net Debt vs Total Current Liabilities Correlation Analysis

Correlation Coefficient

Net Debt

Total Current Liabilities

Canopy Growth fundamental ratios Correlations

Canopy Growth Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Canopy Growth fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

Complementary Tools for Canopy Stock analysis

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