Cronos Total Current Liabilities from 2010 to 2024
| CRON Stock | USD 2.48 0.01 0.40% |
Total Current Liabilities | First Reported 2014-06-30 | Previous Quarter 30.6 M | Current Value 41.2 M | Quarterly Volatility 312.9 M |
Check Cronos financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Cronos main balance sheet or income statement drivers, such as Interest Expense of 27.2 M, Total Revenue of 93.3 M or Gross Profit of 7.3 M, as well as many exotic indicators such as Price To Sales Ratio of 8.51, Dividend Yield of 4.0E-4 or PTB Ratio of 0.69. Cronos financial statements analysis is a perfect complement when working with Cronos Valuation or Volatility modules.
Cronos | Total Current Liabilities |
Latest Cronos' Total Current Liabilities Growth Pattern
Below is the plot of the Total Current Liabilities of Cronos Group over the last few years. Total Current Liabilities is an item on Cronos balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Cronos Group are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. It is 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. Cronos' Total Current Liabilities historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Cronos' overall financial position and show how it may be relating to other accounts over time.
| Total Current Liabilities | 10 Years Trend |
|
Total Current Liabilities |
| Timeline |
Cronos Total Current Liabilities Regression Statistics
| Arithmetic Mean | 55,186,993 | |
| Geometric Mean | 7,722,322 | |
| Coefficient Of Variation | 170.56 | |
| Mean Deviation | 61,632,107 | |
| Median | 6,264,811 | |
| Standard Deviation | 94,128,678 | |
| Sample Variance | 8860.2T | |
| Range | 332.5M | |
| R-Value | 0.45 | |
| Mean Square Error | 7639.2T | |
| R-Squared | 0.20 | |
| Significance | 0.1 | |
| Slope | 9,398,464 | |
| Total Sum of Squares | 124042.9T |
Cronos Total Current Liabilities History
About Cronos Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Cronos income statement, its balance sheet, and the statement of cash flows. Cronos investors use historical funamental indicators, such as Cronos's Total Current Liabilities, to determine how well the company is positioned to perform in the future. Although Cronos investors may use each financial statement separately, they are all related. The changes in Cronos's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Cronos'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 Cronos Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Cronos. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Total Current Liabilities | 41.2 M | 75.2 M |
Cronos Investors Sentiment
The influence of Cronos' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Cronos. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Cronos' public news can be used to forecast risks associated with an investment in Cronos. The trend in average sentiment can be used to explain how an investor holding Cronos can time the market purely based on public headlines and social activities around Cronos Group. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Cronos' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Cronos' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Cronos' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Cronos.
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 Cronos 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, Cronos' short interest history, or implied volatility extrapolated from Cronos options trading.
Pair Trading with Cronos
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 Cronos 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 Cronos will appreciate offsetting losses from the drop in the long position's value.Moving against Cronos Stock
| 0.6 | ZURA | Zura Bio Limited Financial Report 10th of May 2024 | PairCorr |
| 0.59 | JNJ | Johnson Johnson Aggressive Push | PairCorr |
| 0.57 | GILD | Gilead Sciences Earnings Call Tomorrow | PairCorr |
The ability to find closely correlated positions to Cronos could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cronos 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 Cronos - 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 Cronos Group to buy it.
The correlation of Cronos 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 Cronos moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cronos Group 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 Cronos 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 the analysis of Cronos Correlation against competitors. You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
Complementary Tools for Cronos Stock analysis
When running Cronos' price analysis, check to measure Cronos' 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 Cronos is operating at the current time. Most of Cronos' value examination focuses on studying past and present price action to predict the probability of Cronos' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cronos' price. Additionally, you may evaluate how the addition of Cronos to your portfolios can decrease your overall portfolio volatility.
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Is Cronos' 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 Cronos. If investors know Cronos 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 Cronos listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.144 | Earnings Share (0.30) | Revenue Per Share 0.229 | Quarterly Revenue Growth 0.085 | Return On Assets (0.04) |
The market value of Cronos Group is measured differently than its book value, which is the value of Cronos that is recorded on the company's balance sheet. Investors also form their own opinion of Cronos' value that differs from its market value or its book value, called intrinsic value, which is Cronos' 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 Cronos' market value can be influenced by many factors that don't directly affect Cronos' 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 Cronos' value and its price as these two are different measures arrived at by different means. Investors typically determine if Cronos is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cronos' 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.