Aurora Short Term Debt vs Short Long Term Debt Analysis

ACB Stock  USD 6.70  0.01  0.15%   
Aurora Cannabis financial indicator trend analysis is way more than just evaluating Aurora Cannabis prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Aurora Cannabis is a good investment. Please check the relationship between Aurora Cannabis Short Term Debt and its Short Long Term Debt accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aurora Cannabis. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators.
For information on how to trade Aurora Stock refer to our How to Trade Aurora Stock guide.

Short Term Debt vs Short Long Term Debt

Short Term Debt vs Short Long Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Aurora Cannabis Short Term Debt account and Short Long Term Debt. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Aurora Cannabis' Short Term Debt and Short Long Term Debt is -0.21. Overlapping area represents the amount of variation of Short Term Debt that can explain the historical movement of Short Long Term Debt in the same time period over historical financial statements of Aurora Cannabis, assuming nothing else is changed. The correlation between historical values of Aurora Cannabis' Short Term Debt and Short Long 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 Short Term Debt of Aurora Cannabis are associated (or correlated) with its Short Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Long Term Debt has no effect on the direction of Short Term Debt i.e., Aurora Cannabis' Short Term Debt and Short Long Term Debt go up and down completely randomly.

Correlation Coefficient

-0.21
Relationship DirectionNegative 
Relationship StrengthInsignificant

Short Term Debt

Short Long Term Debt

The total of a company’s short-term and long-term borrowings.
Most indicators from Aurora Cannabis' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Aurora Cannabis 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Aurora Cannabis. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators.
For information on how to trade Aurora Stock refer to our How to Trade Aurora Stock guide.As of April 28, 2024, Selling General Administrative is expected to decline to about 72 M. In addition to that, Discontinued Operations is expected to decline to about (1.5 M)
 2021 2022 2023 2024 (projected)
Reconciled Depreciation93.7M65.2M75.0M74.4M
Interest Income4.5M9.9M8.9M8.4M

Aurora Cannabis fundamental ratios Correlations

0.750.781.00.76-0.170.650.380.99-0.250.560.90.00.030.960.670.880.970.650.810.510.490.940.70.670.79
0.750.840.710.26-0.550.30.70.67-0.040.820.910.41-0.370.860.870.620.760.760.60.740.730.780.760.670.57
0.780.840.740.48-0.580.610.610.73-0.240.720.930.110.030.870.810.790.820.910.530.820.810.880.980.740.61
1.00.710.740.79-0.110.630.321.0-0.250.50.87-0.040.050.930.630.850.960.60.830.460.430.920.660.620.79
0.760.260.480.790.30.68-0.250.83-0.37-0.080.52-0.390.470.630.10.670.810.260.730.02-0.010.630.470.230.49
-0.17-0.55-0.58-0.110.3-0.27-0.9-0.050.12-0.82-0.52-0.520.35-0.41-0.79-0.43-0.1-0.820.27-0.92-0.93-0.47-0.54-0.74-0.26
0.650.30.610.630.68-0.270.230.64-0.240.30.540.020.590.670.430.830.620.650.350.460.440.740.540.710.64
0.380.70.610.32-0.25-0.90.230.25-0.050.970.660.57-0.470.560.930.50.270.81-0.020.910.920.60.520.810.44
0.990.670.731.00.83-0.050.640.25-0.250.440.85-0.110.110.910.570.840.970.570.850.410.380.890.670.580.78
-0.25-0.04-0.24-0.25-0.370.12-0.24-0.05-0.25-0.03-0.30.310.07-0.26-0.13-0.48-0.23-0.260.11-0.19-0.17-0.35-0.31-0.090.24
0.560.820.720.5-0.08-0.820.30.970.44-0.030.780.54-0.430.70.980.590.460.850.210.910.910.720.610.840.58
0.90.910.930.870.52-0.520.540.660.85-0.30.780.19-0.190.960.880.850.880.860.630.780.770.950.870.760.67
0.00.410.11-0.04-0.39-0.520.020.57-0.110.310.540.19-0.40.160.510.02-0.050.33-0.110.40.40.14-0.040.350.11
0.03-0.370.030.050.470.350.59-0.470.110.07-0.43-0.19-0.4-0.04-0.370.120.12-0.080.15-0.26-0.270.00.07-0.030.14
0.960.860.870.930.63-0.410.670.560.91-0.260.70.960.16-0.040.810.910.930.80.70.690.670.970.790.80.75
0.670.870.810.630.1-0.790.430.930.57-0.130.980.880.51-0.370.810.710.590.910.310.930.920.830.710.870.62
0.880.620.790.850.67-0.430.830.50.84-0.480.590.850.020.120.910.710.810.810.460.680.660.960.730.830.69
0.970.760.820.960.81-0.10.620.270.97-0.230.460.88-0.050.120.930.590.810.610.880.450.430.890.770.560.71
0.650.760.910.60.26-0.820.650.810.57-0.260.850.860.33-0.080.80.910.810.610.230.960.960.860.850.90.6
0.810.60.530.830.730.270.35-0.020.850.110.210.63-0.110.150.70.310.460.880.230.070.060.590.480.230.63
0.510.740.820.460.02-0.920.460.910.41-0.190.910.780.4-0.260.690.930.680.450.960.071.00.740.760.880.53
0.490.730.810.43-0.01-0.930.440.920.38-0.170.910.770.4-0.270.670.920.660.430.960.061.00.720.760.870.51
0.940.780.880.920.63-0.470.740.60.89-0.350.720.950.140.00.970.830.960.890.860.590.740.720.80.840.76
0.70.760.980.660.47-0.540.540.520.67-0.310.610.87-0.040.070.790.710.730.770.850.480.760.760.80.630.49
0.670.670.740.620.23-0.740.710.810.58-0.090.840.760.35-0.030.80.870.830.560.90.230.880.870.840.630.77
0.790.570.610.790.49-0.260.640.440.780.240.580.670.110.140.750.620.690.710.60.630.530.510.760.490.77
Click cells to compare fundamentals

Aurora Cannabis Account Relationship Matchups

Aurora Cannabis fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.8B2.6B1.1B926.3M1.1B982.1M
Other Current Liab21.1M58.0M94.5M71.1M81.7M47.0M
Total Current Liabilities272.8M116.4M145.2M242.3M278.7M292.6M
Total Stockholder Equity2.2B2.0B661.8M486.1M559.0M745.4M
Net Debt369.1M(21.9M)(168.3M)(73.3M)(84.3M)(80.1M)
Retained Earnings(3.6B)(4.3B)(6.0B)(6.3B)(5.7B)(5.4B)
Accounts Payable95.6M13.3M13.9M21.9M25.2M15.7M
Cash162.2M421.5M437.8M300.8M346.0M363.3M
Non Current Assets Total2.4B1.9B339.2M446.4M513.4M761.7M
Non Currrent Assets Other(91.5M)(42.5M)33.9M14.1M12.7M13.3M
Cash And Short Term Investments169.2M425.2M439.1M300.8M346.0M363.3M
Net Receivables54.1M56.5M47.1M41.3M47.5M49.9M
Common Stock Shares Outstanding9.7M16.9M214.9M32.3M37.1M23.5M
Liabilities And Stockholders Equity2.8B2.6B1.1B926.3M1.1B982.1M
Other Stockholder Equity73.8M(65.5M)(54.5M)(1.0)(0.9)(0.85)
Total Liab657.2M567.0M422.0M409.2M470.6M235.7M
Total Current Assets420.7M665.9M745.1M479.9M551.9M579.5M
Accumulated Other Comprehensive Income(41.8M)(65.5M)(54.5M)(58.3M)(52.5M)(49.9M)
Property Plant And Equipment Net946.4M606.1M233.5M323.0M371.4M219.2M
Other Current Assets22.1M11.2M6.5M8.9M10.3M8.1M
Property Plant And Equipment Gross765.6M946.4M606.1M709.4M815.8M856.6M
Short Term Investments143.2M7.1M3.8M1.3M1.5M1.5M
Common Stock Total Equity1.5B4.7B5.8B6.4B7.4B7.8B
Common Stock5.8B6.4B6.8B6.8B7.9B8.3B
Short Long Term Debt Total531.2M399.6M269.5M227.5M261.7M259.5M
Short Term Debt152.6M40.9M33.0M147.6M169.7M178.2M
Other Liab280.3M5.8M92.0M40.3M46.3M67.7M
Net Tangible Assets506.6M792.0M774.7M588.0M676.2M467.5M
Other Assets93.3M57.8M77.3M33.9M38.9M53.7M
Long Term Debt394.2M294.9M293.2M199.7M229.6M199.8M
Good Will3.2B928.4M887.7M18.7M21.5M20.4M
Non Current Liabilities Total384.4M450.7M276.8M166.9M191.9M282.9M
Inventory157.3M137.7M139.9M128.8M148.1M96.4M
Long Term Investments118.8M18.1M289K1.2M1.1M1.0M
Short Long Term Debt249.7M152.6M34.7M26.9M24.2M23.0M
Non Current Liabilities Other12.0M37K104K128K147.2K139.8K
Intangible Assets412.3M367.4M70.7M61.4M70.6M67.1M
Property Plant Equipment750.1M928.2M598.3M230.3M264.8M387.3M

Aurora Cannabis Investors Sentiment

The influence of Aurora Cannabis' 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 Aurora. 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 Aurora Cannabis' public news can be used to forecast risks associated with an investment in Aurora. The trend in average sentiment can be used to explain how an investor holding Aurora can time the market purely based on public headlines and social activities around Aurora Cannabis. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Aurora Cannabis' 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 Aurora Cannabis' 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 Aurora Cannabis' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Aurora Cannabis.

Aurora Cannabis Implied Volatility

    
  134.53  
Aurora Cannabis' implied volatility exposes the market's sentiment of Aurora Cannabis stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Aurora Cannabis' implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Aurora Cannabis stock will not fluctuate a lot when Aurora Cannabis' options are near their expiration.
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 Aurora Cannabis 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, Aurora Cannabis' short interest history, or implied volatility extrapolated from Aurora Cannabis options trading.

Pair Trading with Aurora Cannabis

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

Moving together with Aurora Stock

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Moving against Aurora Stock

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The ability to find closely correlated positions to Aurora Cannabis could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aurora Cannabis 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 Aurora Cannabis - 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 Aurora Cannabis to buy it.
The correlation of Aurora Cannabis 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 Aurora Cannabis moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aurora Cannabis 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 Aurora Cannabis 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
When determining whether Aurora Cannabis offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Aurora Cannabis' 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 Aurora Cannabis Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Aurora Cannabis Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aurora Cannabis. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators.
For information on how to trade Aurora Stock refer to our How to Trade Aurora Stock guide.
Note that the Aurora Cannabis information on this page should be used as a complementary analysis to other Aurora Cannabis' 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 ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.

Complementary Tools for Aurora Stock analysis

When running Aurora Cannabis' price analysis, check to measure Aurora Cannabis' 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 Aurora Cannabis is operating at the current time. Most of Aurora Cannabis' value examination focuses on studying past and present price action to predict the probability of Aurora Cannabis' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aurora Cannabis' price. Additionally, you may evaluate how the addition of Aurora Cannabis to your portfolios can decrease your overall portfolio volatility.
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Is Aurora Cannabis' 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 Aurora Cannabis. If investors know Aurora 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 Aurora Cannabis 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
(0.92)
Earnings Share
(57.77)
Revenue Per Share
6.784
Quarterly Revenue Growth
0.055
Return On Assets
(0.08)
The market value of Aurora Cannabis is measured differently than its book value, which is the value of Aurora that is recorded on the company's balance sheet. Investors also form their own opinion of Aurora Cannabis' value that differs from its market value or its book value, called intrinsic value, which is Aurora Cannabis' 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 Aurora Cannabis' market value can be influenced by many factors that don't directly affect Aurora Cannabis' 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 Aurora Cannabis' value and its price as these two are different measures arrived at by different means. Investors typically determine if Aurora Cannabis is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Aurora Cannabis' 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.