Canopy Net Receivables vs Short Term Debt Analysis
WEED Stock | CAD 12.61 0.09 0.72% |
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 Receivables 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.
Net Receivables vs Short Term Debt
Net Receivables 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 Net Receivables account and Short Term Debt. At this time, the significance of the direction appears to have strong relationship.
The correlation between Canopy Growth's Net Receivables and Short Term Debt is 0.67. Overlapping area represents the amount of variation of Net Receivables 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 Net Receivables 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 Net Receivables 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 Net Receivables i.e., Canopy Growth's Net Receivables and Short Term Debt go up and down completely randomly.
Correlation Coefficient | 0.67 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Net Receivables
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 28th 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
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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 | 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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Try AI Portfolio ArchitectCheck 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 Global Correlations module to find global opportunities by holding instruments from different markets.
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