Canoo Historical Balance Sheet
| GOEV Stock | USD 2.56 0.03 1.16% |
Trend analysis of Canoo Inc balance sheet accounts such as Accounts Payable of 44.9 M or Other Assets of 112.8 M provides information on Canoo's total assets, liabilities, and equity, which is the actual value of Canoo Inc to its prevalent stockholders. By breaking down trends over time using Canoo balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
Financial Statement Analysis is much more than just reviewing and examining Canoo Inc latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Canoo Inc is a good buy for the upcoming year.
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About Canoo Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of Canoo Inc at a specified time, usually calculated after every quarter, six months, or one year. Canoo Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Canoo and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Canoo currently owns. An asset can also be divided into two categories, current and non-current.
Canoo Balance Sheet Chart
Canoo Balance Sheet is one of the main financial statements that report all assets, liabilities, and shareholders' equity for the current year. It provides a basis for different types of computing rates of return, such as return on equity (ROE) or return on asset (ROA), as well as shows how Canoo Inc uses and utilizes its capital. It also shows what exactly a company owns and owes.
At this time, Canoo's Property Plant And Equipment Gross is fairly stable compared to the past year. Short Term Debt is likely to climb to about 57 M in 2024, whereas Net Tangible Assets are likely to drop slightly above 220.2 M in 2024. Add Fundamental
Total Current Liabilities
Total Current Liabilities is an item on Canoo balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Canoo Inc 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.Accounts Payable
An accounting item on the balance sheet that represents Canoo 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 Canoo Inc 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.Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.Most accounts from Canoo's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Canoo Inc current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Canoo Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. At this time, Canoo's Property Plant And Equipment Gross is fairly stable compared to the past year. Short Term Debt is likely to climb to about 57 M in 2024, whereas Net Tangible Assets are likely to drop slightly above 220.2 M in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Other Assets | 15.2M | 93.4M | 107.4M | 112.8M | Accounts Payable | 52.3M | 103.2M | 65.3M | 44.9M |
Canoo balance sheet Correlations
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Canoo Account Relationship Matchups
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Canoo balance sheet Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Current Liabilities | 10.4M | 27.9M | 136.2M | 218.3M | 184.4M | 110.8M | |
| Net Tangible Assets | (55.9M) | 571.9M | 344.0M | 236.6M | 272.1M | 220.2M | |
| Retained Earnings | (258.7M) | (348.5M) | (692.1M) | (1.2B) | (1.5B) | (1.4B) | |
| Accounts Payable | 2.3M | 17.2M | 52.3M | 103.2M | 65.3M | 44.9M | |
| Other Assets | 1.3M | 14.2M | 15.2M | 93.4M | 107.4M | 112.8M | |
| Other Current Assets | 1.8M | 6.5M | 63.8M | 9.4M | 16.1M | 17.9M | |
| Other Stockholder Equity | 202.8M | 920.3M | 1.0B | 1.4B | 1.7B | 969.3M | |
| Total Current Assets | 31.3M | 708.9M | 291.3M | 52.3M | 32.6M | 30.9M | |
| Property Plant Equipment | 39.6M | 43.3M | 216.5M | 350.7M | 403.3M | 423.5M |
Pair Trading with Canoo
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Canoo position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Canoo will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Canoo could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canoo when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Canoo - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Canoo Inc to buy it.
The correlation of Canoo is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Canoo moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canoo Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Canoo can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Canoo Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. Note that the Canoo Inc information on this page should be used as a complementary analysis to other Canoo's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Complementary Tools for Canoo Stock analysis
When running Canoo's price analysis, check to measure Canoo'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 Canoo is operating at the current time. Most of Canoo's value examination focuses on studying past and present price action to predict the probability of Canoo's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canoo's price. Additionally, you may evaluate how the addition of Canoo to your portfolios can decrease your overall portfolio volatility.
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Is Canoo's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Canoo. If investors know Canoo will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Canoo listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (57.80) | Revenue Per Share 0.027 | Return On Assets (0.30) | Return On Equity (1.48) |
The market value of Canoo Inc is measured differently than its book value, which is the value of Canoo that is recorded on the company's balance sheet. Investors also form their own opinion of Canoo's value that differs from its market value or its book value, called intrinsic value, which is Canoo's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Canoo's market value can be influenced by many factors that don't directly affect Canoo's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Canoo's value and its price as these two are different measures arrived at by different means. Investors typically determine if Canoo is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Canoo'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.