Cargojet Current Liabilities from 2010 to 2023

CJT Stock  CAD 90.04  1.06  1.16%   
Cargojet Current Liabilities yearly trend continues to be very stable with very little volatility. Current Liabilities is likely to drop to about 74.4 M. During the period from 2010 to 2023, Cargojet Current Liabilities quarterly data regression pattern had range of 167,303,759 and median of  74,422,281. Cargojet Direct Expenses is very stable at the moment as compared to the past year. Cargojet reported last year Direct Expenses of 474.21 Million. As of 30th of September 2023, Net Income is likely to grow to about 162.6 M, while Weighted Average Shares is likely to drop about 12.9 M.
Check Cargojet financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Cargojet main balance sheet or income statement drivers, such as Direct Expenses of 511.6 M, Net Income of 162.6 M or Operating Income of 229.4 M, as well as many exotic indicators such as Interest Coverage of 7.42, Long Term Debt to Equity of 0.52 or Calculated Tax Rate of 19.26. Cargojet financial statements analysis is a perfect complement when working with Cargojet Valuation or Volatility modules.
This module can also supplement various Cargojet Technical models . Check out the analysis of Cargojet Correlation against competitors.

Cargojet Current Liabilities Breakdown

Showing smoothed Current Liabilities of Cargojet with missing and latest data points interpolated. The current portion of Total Liabilities; reported if the company operates a classified balance sheet that segments current and non-current liabilities. Cargojet's Current Liabilities historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Cargojet's overall financial position and show how it may be relating to other accounts over time.
ViewLast Reported 46.05 M10 Years Trend
Slightly volatile
   Current Liabilities   

Cargojet Current Liabilities Regression Statistics

Arithmetic Mean68,438,377
Geometric Mean50,766,614
Coefficient Of Variation70.61
Mean Deviation38,270,752
Standard Deviation48,322,602

Cargojet Current Liabilities History

202374.4 M
202288.4 M
202198.2 M
2020180.6 M
2019114.5 M
201873.4 M
2017104.5 M
201681.4 M
201546 M
201433.7 M
201320.2 M

About Cargojet Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Cargojet income statement, its balance sheet, and the statement of cash flows. Cargojet investors use historical funamental indicators, such as Cargojet's Current Liabilities, to determine how well the company is positioned to perform in the future. Although Cargojet investors may use each financial statement separately, they are all related. The changes in Cargojet's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Cargojet's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Cargojet Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Cargojet. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2023
Current Liabilities88.4 M74.4 M
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Cargojet in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Cargojet's short interest history, or implied volatility extrapolated from Cargojet options trading.

Pair Trading with Cargojet

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 Cargojet 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 Cargojet will appreciate offsetting losses from the drop in the long position's value.

Moving against Cargojet Stock

-0.41MALMagellan AerospacePairCorr
The ability to find closely correlated positions to Cargojet could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cargojet 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 Cargojet - 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 Cargojet to buy it.
The correlation of Cargojet is a statistical measure of how it moves in relation to other equities. 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 Cargojet moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cargojet 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 Cargojet 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.
Pair CorrelationCorrelation Matching
Check out the analysis of Cargojet Correlation against competitors. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.

Complementary Tools for Cargojet Stock analysis

When running Cargojet's price analysis, check to measure Cargojet'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 Cargojet is operating at the current time. Most of Cargojet's value examination focuses on studying past and present price action to predict the probability of Cargojet's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cargojet's price. Additionally, you may evaluate how the addition of Cargojet to your portfolios can decrease your overall portfolio volatility.
Portfolio Suggestion
Get suggestions outside of your existing asset allocation including your own model portfolios
Balance Of Power
Check stock momentum by analyzing Balance Of Power indicator and other technical ratios
Financial Widgets
Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets
Price Exposure Probability
Analyze equity upside and downside potential for a given time horizon across multiple markets
Portfolio Center
All portfolio management and optimization tools to improve performance of your portfolios
Aroon Oscillator
Analyze current equity momentum using Aroon Oscillator and other momentum ratios
Price Transformation
Use Price Transformation models to analyze the depth of different equity instruments across global markets
CEO Directory
Screen CEOs from public companies around the world
Risk-Return Analysis
View associations between returns expected from investment and the risk you assume
Portfolio Suggestion
Get suggestions outside of your existing asset allocation including your own model portfolios
Portfolio Optimization
Compute new portfolio that will generate highest expected return given your specified tolerance for risk
Positions Ratings
Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance
Money Flow Index
Determine momentum by analyzing Money Flow Index and other technical indicators
Please note, there is a significant difference between Cargojet's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cargojet is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cargojet'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.