Canadian Long Term Debt vs Non Currrent Assets Other Analysis
CNQ Stock | USD 75.77 0.26 0.34% |
Canadian Natural financial indicator trend analysis is way more than just evaluating Canadian Natural Res prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Canadian Natural Res is a good investment. Please check the relationship between Canadian Natural Long Term Debt and its Non Currrent Assets Other accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Canadian Natural Resources. 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.
Long Term Debt vs Non Currrent Assets Other
Long Term Debt vs Non Currrent Assets Other Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Canadian Natural Res Long Term Debt account and Non Currrent Assets Other. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Canadian Natural's Long Term Debt and Non Currrent Assets Other is -0.09. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Non Currrent Assets Other in the same time period over historical financial statements of Canadian Natural Resources, assuming nothing else is changed. The correlation between historical values of Canadian Natural's Long Term Debt and Non Currrent Assets Other is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of Canadian Natural Resources are associated (or correlated) with its Non Currrent Assets Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Currrent Assets Other has no effect on the direction of Long Term Debt i.e., Canadian Natural's Long Term Debt and Non Currrent Assets Other go up and down completely randomly.
Correlation Coefficient | -0.09 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Long Term Debt
Long-term debt is a debt that Canadian Natural Res has held for over one year. Long-term debt appears on Canadian Natural Resources balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Canadian Natural Resources balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.Non Currrent Assets Other
Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.Most indicators from Canadian Natural's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Canadian Natural Res 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 Canadian Natural Resources. 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, Canadian Natural's Selling General Administrative is relatively stable compared to the past year. As of 05/17/2024, Sales General And Administrative To Revenue is likely to grow to 0.03, while Enterprise Value Multiple is likely to drop 5.85.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 711M | 549M | 636M | 333.6M | Depreciation And Amortization | 5.7B | 7.4B | 6.8B | 7.1B |
Canadian Natural fundamental ratios Correlations
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Canadian Natural Account Relationship Matchups
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Canadian Natural fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 78.1B | 75.3B | 76.7B | 76.1B | 76.0B | 40.8B | |
Short Long Term Debt Total | 21.0B | 21.5B | 14.7B | 11.4B | 12.4B | 9.9B | |
Total Current Liabilities | 6.6B | 5.1B | 7.4B | 8.7B | 7.4B | 7.8B | |
Total Stockholder Equity | 35.0B | 32.4B | 36.9B | 38.2B | 39.8B | 41.8B | |
Property Plant And Equipment Net | 72.4B | 69.8B | 70.2B | 68.5B | 66.0B | 37.6B | |
Net Debt | 20.8B | 21.3B | 14.0B | 10.5B | 11.5B | 9.7B | |
Retained Earnings | 25.4B | 22.8B | 26.8B | 27.7B | 28.9B | 30.4B | |
Accounts Payable | 816M | 667M | 803M | 1.3B | 1.4B | 1.5B | |
Non Current Assets Total | 73.6B | 70.9B | 70.7B | 69.1B | 68.8B | 38.1B | |
Non Currrent Assets Other | 1.2B | 951M | 430M | 547M | 2.7B | 2.9B | |
Net Receivables | 2.5B | 2.5B | 3.1B | 3.6B | 3.2B | 3.3B | |
Common Stock Shares Outstanding | 1.2B | 1.2B | 1.2B | 1.1B | 1.1B | 1.3B | |
Liabilities And Stockholders Equity | 78.1B | 75.3B | 76.7B | 76.1B | 76.0B | 40.8B | |
Non Current Liabilities Total | 36.5B | 37.8B | 32.3B | 29.3B | 28.7B | 18.6B | |
Total Liab | 43.1B | 42.9B | 39.7B | 38.0B | 36.1B | 22.2B | |
Property Plant And Equipment Gross | 72.4B | 69.8B | 140.8B | 146.1B | 150.6B | 158.1B | |
Total Current Assets | 4.5B | 4.4B | 5.9B | 7.1B | 7.2B | 7.5B | |
Accumulated Other Comprehensive Income | 34M | 8M | (1M) | 209M | 172M | 180.6M | |
Inventory | 1.2B | 1.1B | 1.5B | 1.8B | 2.0B | 2.1B | |
Other Current Assets | 54M | 82M | 35M | 61M | 542M | 569.1M | |
Cash | 139M | 184M | 744M | 920M | 877M | 920.9M | |
Cash And Short Term Investments | 629M | 489M | 1.1B | 1.4B | 1.4B | 1.5B | |
Other Current Liab | 819M | 722M | 948M | 6.9B | 4.7B | 5.0B | |
Other Liab | 16.3B | 16.2B | 17.2B | 17.0B | 19.5B | 20.5B | |
Net Tangible Assets | 35.0B | 32.4B | 36.9B | 38.2B | 43.9B | 46.1B | |
Other Assets | 1.2B | 1.1B | 565M | 553M | 636.0M | 425.8M | |
Long Term Debt | 18.6B | 20.1B | 13.7B | 11.0B | 9.8B | 11.0B | |
Common Stock Total Equity | 9.1B | 9.3B | 9.5B | 9.6B | 11.0B | 11.6B | |
Short Term Investments | 490M | 305M | 309M | 491M | 525M | 272.4M | |
Short Long Term Debt | 2.4B | 1.3B | 1B | 404M | 980M | 967.5M | |
Short Term Debt | 2.4B | 1.3B | 1B | 404M | 1.3B | 860.4M | |
Common Stock | 9.5B | 9.6B | 10.2B | 10.3B | 10.7B | 11.2B | |
Property Plant Equipment | 72.4B | 69.8B | 70.2B | 68.5B | 78.8B | 44.5B | |
Current Deferred Revenue | 151M | 2.6B | 2.3B | 4.7B | 5.4B | 5.6B | |
Long Term Debt Total | 20.4B | 21.6B | 15.1B | 12.3B | 14.2B | 18.4B | |
Capital Lease Obligations | 2.0B | 1.9B | 1.6B | 1.5B | 1.8B | 1.9B | |
Non Current Liabilities Other | 7.4B | 5.9B | 7.0B | 8.2B | 8.7B | 5.3B | |
Cash And Equivalents | 139M | 184M | 744M | 920M | 1.1B | 1.1B | |
Net Invested Capital | 56.0B | 53.8B | 51.6B | 49.6B | 50.6B | 42.1B |
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When running Canadian Natural's price analysis, check to measure Canadian Natural'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 Canadian Natural is operating at the current time. Most of Canadian Natural's value examination focuses on studying past and present price action to predict the probability of Canadian Natural's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canadian Natural's price. Additionally, you may evaluate how the addition of Canadian Natural to your portfolios can decrease your overall portfolio volatility.
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Is Canadian Natural'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 Canadian Natural. If investors know Canadian 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 Canadian Natural 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 (0.44) | Dividend Share 3.85 | Earnings Share 4.95 | Revenue Per Share 32.826 | Quarterly Revenue Growth (0.04) |
The market value of Canadian Natural Res is measured differently than its book value, which is the value of Canadian that is recorded on the company's balance sheet. Investors also form their own opinion of Canadian Natural's value that differs from its market value or its book value, called intrinsic value, which is Canadian Natural'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 Canadian Natural's market value can be influenced by many factors that don't directly affect Canadian Natural'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 Canadian Natural's value and its price as these two are different measures arrived at by different means. Investors typically determine if Canadian Natural is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Canadian Natural'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.