Cargojet Common Stock Total Equity vs Net Debt Analysis
CJT Stock | CAD 120.32 1.79 1.47% |
Cargojet financial indicator trend analysis is way more than just evaluating Cargojet prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cargojet is a good investment. Please check the relationship between Cargojet Common Stock Total Equity and its Net Debt accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cargojet. 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.
Common Stock Total Equity vs Net Debt
Common Stock Total Equity vs Net Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cargojet Common Stock Total Equity account and Net Debt. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Cargojet's Common Stock Total Equity and Net Debt is 0.85. Overlapping area represents the amount of variation of Common Stock Total Equity that can explain the historical movement of Net Debt in the same time period over historical financial statements of Cargojet, assuming nothing else is changed. The correlation between historical values of Cargojet's Common Stock Total Equity and Net 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 Common Stock Total Equity of Cargojet are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Common Stock Total Equity i.e., Cargojet's Common Stock Total Equity and Net Debt go up and down completely randomly.
Correlation Coefficient | 0.85 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Common Stock Total Equity
The total value of common stock equity held by shareholders, representing their ownership interest in the company.Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.Most indicators from Cargojet's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cargojet 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 Cargojet. 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. At this time, Cargojet's Tax Provision is very stable compared to the past year. As of the 10th of May 2024, Sales General And Administrative To Revenue is likely to grow to 0.12, while Selling General Administrative is likely to drop about 41.2 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 230.9M | 247.5M | 138.1M | 94.1M | Total Revenue | 757.8M | 979.9M | 877.5M | 921.4M |
Cargojet fundamental ratios Correlations
Click cells to compare fundamentals
Cargojet Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Cargojet fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.1B | 1.2B | 1.5B | 2.0B | 2.0B | 2.1B | |
Short Long Term Debt Total | 633.8M | 572.8M | 398.6M | 707M | 813.1M | 853.7M | |
Other Current Liab | 9.6M | 9.9M | 4.5M | 18.7M | 11.1M | 6.8M | |
Total Current Liabilities | 114.5M | 180.6M | 98.2M | 150.5M | 186.3M | 195.6M | |
Total Stockholder Equity | 276.2M | 175.2M | 676.4M | 831.5M | 784.5M | 823.7M | |
Property Plant And Equipment Net | 890.2M | 998.7M | 1.2B | 1.6B | 1.6B | 1.6B | |
Net Debt | 632.2M | 569.1M | 303.9M | 700.9M | 648.3M | 680.7M | |
Retained Earnings | (37.5M) | (140.2M) | 7.8M | 166.8M | 160.8M | 168.8M | |
Accounts Payable | 45.6M | 66.9M | 71.7M | 100.4M | 147M | 154.4M | |
Cash | 1.6M | 3.7M | 94.7M | 6.1M | 31.8M | 33.4M | |
Non Current Assets Total | 1.0B | 1.1B | 1.3B | 1.9B | 1.8B | 1.8B | |
Cash And Short Term Investments | 1.6M | 3.7M | 94.7M | 6.1M | 7.0M | 9.9M | |
Net Receivables | 51.4M | 41.4M | 75.3M | 95.7M | 119.1M | 125.1M | |
Common Stock Total Equity | 174.4M | 177.9M | 298.2M | 300M | 345M | 362.3M | |
Common Stock Shares Outstanding | 13.6M | 15.6M | 17.6M | 20.3M | 16.9M | 12.1M | |
Liabilities And Stockholders Equity | 1.1B | 1.2B | 1.5B | 2.0B | 2.3B | 2.4B | |
Non Current Liabilities Total | 707.6M | 868.1M | 715.2M | 1.0B | 1.1B | 1.1B | |
Inventory | 2.3M | 1.5M | 2.2M | 3.3M | 2.6M | 1.5M | |
Other Current Assets | 15.2M | 49.6M | 27.9M | 11M | 12.7M | 10.0M | |
Total Liab | 822.1M | 1.0B | 813.4M | 1.2B | 1.3B | 1.3B | |
Property Plant And Equipment Gross | 890.2M | 998.7M | 1.7B | 2.3B | 2.4B | 2.5B | |
Total Current Assets | 70.5M | 96.2M | 200.1M | 116.1M | 278.1M | 292.0M | |
Common Stock | 298.2M | 300M | 655.2M | 650.9M | 748.5M | 786.0M | |
Short Term Debt | 59.3M | 103.8M | 22M | 31.4M | 36.1M | 24.8M | |
Non Currrent Assets Other | 84.1M | 75.5M | 67M | 165.8M | 190.7M | 200.2M | |
Other Stockholder Equity | 2.4M | 2.3M | 300K | 700K | 630K | 598.5K | |
Other Liab | 133.1M | 399.1M | 338.6M | 328.7M | 378.0M | 396.9M | |
Net Tangible Assets | 225.9M | 124.9M | 626.1M | 781.2M | 898.4M | 943.3M | |
Other Assets | 10.6M | 87.3M | 78.7M | 70.1M | 11.7M | 11.1M | |
Long Term Debt | 437.5M | 377.8M | 307.2M | 618M | 680.1M | 357.1M | |
Property Plant Equipment | 890.2M | 998.7M | 1.2B | 1.6B | 1.9B | 2.0B | |
Long Term Debt Total | 574.5M | 469M | 376.6M | 675.6M | 776.9M | 502.7M | |
Capital Lease Obligations | 196.3M | 195M | 91.4M | 89M | 119.1M | 118.2M | |
Net Invested Capital | 713.7M | 553M | 983.6M | 1.4B | 1.5B | 961.9M | |
Net Working Capital | (44M) | (84.4M) | 101.9M | (34.4M) | 91.8M | 96.4M | |
Capital Stock | 298.2M | 300M | 655.2M | 650.9M | 609.8M | 493.5M |
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
0.55 | WMT | Walmart Inc CDR | PairCorr |
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 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 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.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cargojet. 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. You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
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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.
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