Cano Return on Sales vs Tangible Asset Value Analysis

CANO Stock  USD 0.21  0.04  16.00%   
Trend analysis of Cano Health balance sheet accounts such as Total Current Liabilities of 251.7 M, Other Liabilities of 59.2 M or Accounts Payable of 127.7 M provides information on Cano Health's total assets, liabilities, and equity, which is the actual value of Cano Health to its prevalent stockholders. By breaking down trends over time using Cano Health 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.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cano Health. 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.
To learn how to invest in Cano Stock, please use our How to Invest in Cano Health guide.

About Cano Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of Cano Health at a specified time, usually calculated after every quarter, six months, or one year. Cano Health Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Cano Health 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 Cano currently owns. An asset can also be divided into two categories, current and non-current.

Cano Health Balance Sheet Chart

Cano Health 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 Cano Health uses and utilizes its capital. It also shows what exactly a company owns and owes.
At this time, Cano Health's Property Plant Equipment is very stable compared to the past year. As of the 28th of March 2024, Property Plant And Equipment Net is likely to grow to about 373.4 M, while Other Current Liabilities is likely to drop about 51.7 M.

Total Current Liabilities

Total Current Liabilities is an item on Cano Health balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Cano Health 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 Cano Health 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 Cano Health 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.
Most indicators from Cano Health's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cano Health 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 Cano Health. 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.
To learn how to invest in Cano Stock, please use our How to Invest in Cano Health guide.As of the 28th of March 2024, Enterprise Value Multiple is likely to grow to 1,435, though Tax Provision is likely to grow to (475.9 K).
 2021 2022 2023 2024 (projected)
Depreciation And Amortization49.4M90.6M104.2M109.4M
Interest Income4K14K364K382.2K

Cano Health fundamental ratios Correlations

0.880.59-0.39-0.760.790.350.790.13-0.030.84-0.040.720.810.750.770.810.330.810.750.330.760.580.820.70.82
0.880.66-0.43-0.940.980.310.98-0.140.030.99-0.160.940.90.840.970.920.260.90.880.260.850.630.920.930.92
0.590.66-0.52-0.510.670.710.60.370.00.75-0.150.490.860.860.670.750.860.870.770.860.960.970.810.470.8
-0.39-0.43-0.520.23-0.41-0.86-0.40.21-0.84-0.460.89-0.37-0.52-0.72-0.49-0.36-0.47-0.52-0.12-0.47-0.55-0.62-0.42-0.37-0.44
-0.76-0.94-0.510.23-0.96-0.03-0.970.310.09-0.920.05-0.97-0.84-0.72-0.94-0.92-0.03-0.83-0.87-0.03-0.72-0.41-0.88-0.96-0.89
0.790.980.67-0.41-0.960.271.0-0.230.030.99-0.180.970.910.840.990.930.230.910.890.230.840.610.930.960.93
0.350.310.71-0.86-0.030.270.220.280.570.37-0.620.130.470.660.330.270.820.480.180.820.620.830.360.110.37
0.790.980.6-0.4-0.971.00.22-0.30.060.98-0.20.990.880.80.990.910.140.870.850.140.790.550.90.980.9
0.13-0.140.370.210.31-0.230.28-0.3-0.51-0.120.54-0.440.0-0.04-0.28-0.070.680.020.160.680.190.4-0.02-0.47-0.05
-0.030.030.0-0.840.090.030.570.06-0.510.04-0.980.10.060.30.13-0.080.040.05-0.370.040.040.13-0.030.110.0
0.840.990.75-0.46-0.920.990.370.98-0.120.04-0.190.930.940.880.990.940.350.940.90.350.90.710.950.920.95
-0.04-0.16-0.150.890.05-0.18-0.62-0.20.54-0.98-0.19-0.24-0.22-0.44-0.28-0.08-0.11-0.210.21-0.11-0.19-0.25-0.13-0.25-0.15
0.720.940.49-0.37-0.970.970.130.99-0.440.10.93-0.240.820.740.970.870.00.810.780.00.70.430.851.00.85
0.810.90.86-0.52-0.840.910.470.880.00.060.94-0.220.820.960.910.970.521.00.880.520.970.780.990.80.99
0.750.840.86-0.72-0.720.840.660.8-0.040.30.88-0.440.740.960.860.890.590.960.740.590.950.830.930.730.93
0.770.970.67-0.49-0.940.990.330.99-0.280.130.99-0.280.970.910.860.920.240.910.850.240.840.630.920.970.92
0.810.920.75-0.36-0.920.930.270.91-0.07-0.080.94-0.080.870.970.890.920.350.970.920.350.90.650.990.850.99
0.330.260.86-0.47-0.030.230.820.140.680.040.35-0.110.00.520.590.240.350.530.411.00.70.90.44-0.020.42
0.810.90.87-0.52-0.830.910.480.870.020.050.94-0.210.811.00.960.910.970.530.880.530.970.80.990.80.99
0.750.880.77-0.12-0.870.890.180.850.16-0.370.90.210.780.880.740.850.920.410.880.410.870.670.920.770.9
0.330.260.86-0.47-0.030.230.820.140.680.040.35-0.110.00.520.590.240.351.00.530.410.70.90.44-0.020.42
0.760.850.96-0.55-0.720.840.620.790.190.040.9-0.190.70.970.950.840.90.70.970.870.70.910.940.680.93
0.580.630.97-0.62-0.410.610.830.550.40.130.71-0.250.430.780.830.630.650.90.80.670.90.910.720.410.71
0.820.920.81-0.42-0.880.930.360.9-0.02-0.030.95-0.130.850.990.930.920.990.440.990.920.440.940.720.831.0
0.70.930.47-0.37-0.960.960.110.98-0.470.110.92-0.251.00.80.730.970.85-0.020.80.77-0.020.680.410.830.84
0.820.920.8-0.44-0.890.930.370.9-0.050.00.95-0.150.850.990.930.920.990.420.990.90.420.930.711.00.84
Click cells to compare fundamentals

Cano Health Account Relationship Matchups

Cano Health fundamental ratios Accounts

201920202021202220232024 (projected)
Other Current Liab73.5M28.8M62.9M67.8M78.0M51.7M
Total Current Liabilities86.2M67.2M161.0M208.4M239.7M251.7M
Other Liab7.4M38.2M142.2M58.7M67.5M59.2M
Net Tangible Assets(119.6M)574.7M(450.9M)(227.7M)(205.0M)(194.7M)
Retained Earnings(25.0M)(107.8M)(78.8M)(286.0M)(257.4M)(244.6M)
Accounts Payable12.6M31.4M72.8M105.7M121.6M127.7M
Other Assets6.3M0.013.6M4.8M5.5M6.6M
Net Receivables49.3M67.4M133.4M233.8M268.9M282.3M
Inventory646K922K1.1M1.00.90.86
Other Stockholder Equity(130K)(660.3M)(48K)2.3M2.7M2.8M
Total Current Assets82.9M111.0M317.2M340.7M391.9M411.5M
Common Stock123.2M660.2M48K49K44.1K41.9K
Property Plant Equipment19.2M38.1M85.3M309.2M355.6M373.4M
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 Cano Health 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, Cano Health's short interest history, or implied volatility extrapolated from Cano Health options trading.

Pair Trading with Cano Health

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

Moving against Cano Stock

  0.83EQ Equillium Financial Report 9th of May 2024 PairCorr
  0.76MDWD Mediwound Financial Report 4th of June 2024 PairCorr
  0.66RNLX Renalytix AI Report 4th of April 2024 PairCorr
  0.57LNSR LENSAR IncPairCorr
  0.56SNDA Sonida Senior Living Report 4th of April 2024 PairCorr
The ability to find closely correlated positions to Cano Health could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cano Health 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 Cano Health - 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 Cano Health to buy it.
The correlation of Cano Health 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 Cano Health moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cano Health 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 Cano Health 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 Cano Health offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Cano Health's 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 Cano Health Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Cano Health Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cano Health. 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.
To learn how to invest in Cano Stock, please use our How to Invest in Cano Health guide.
You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.

Complementary Tools for Cano Stock analysis

When running Cano Health's price analysis, check to measure Cano Health'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 Cano Health is operating at the current time. Most of Cano Health's value examination focuses on studying past and present price action to predict the probability of Cano Health's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cano Health's price. Additionally, you may evaluate how the addition of Cano Health to your portfolios can decrease your overall portfolio volatility.
Odds Of Bankruptcy
Get analysis of equity chance of financial distress in the next 2 years
Price Exposure Probability
Analyze equity upside and downside potential for a given time horizon across multiple markets
Earnings Calls
Check upcoming earnings announcements updated hourly across public exchanges
FinTech Suite
Use AI to screen and filter profitable investment opportunities
Correlation Analysis
Reduce portfolio risk simply by holding instruments which are not perfectly correlated
Instant Ratings
Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance
Stocks Directory
Find actively traded stocks across global markets
Theme Ratings
Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance
Balance Of Power
Check stock momentum by analyzing Balance Of Power indicator and other technical ratios
Money Flow Index
Determine momentum by analyzing Money Flow Index and other technical indicators
Portfolio Suggestion
Get suggestions outside of your existing asset allocation including your own model portfolios
Idea Analyzer
Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas
Efficient Frontier
Plot and analyze your portfolio and positions against risk-return landscape of the market.
Is Cano Health'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 Cano Health. If investors know Cano 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 Cano Health listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(228.47)
Revenue Per Share
1.2 K
Quarterly Revenue Growth
0.185
Return On Assets
(0.14)
Return On Equity
(4.29)
The market value of Cano Health is measured differently than its book value, which is the value of Cano that is recorded on the company's balance sheet. Investors also form their own opinion of Cano Health's value that differs from its market value or its book value, called intrinsic value, which is Cano Health'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 Cano Health's market value can be influenced by many factors that don't directly affect Cano Health'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 Cano Health's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cano Health is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cano Health'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.