Canadian Other Stockholder Equity vs Accounts Payable 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 Other Stockholder Equity and its Accounts Payable 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.
Other Stockholder Equity vs Accounts Payable
Other Stockholder Equity vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Canadian Natural Res Other Stockholder Equity account and Accounts Payable. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Canadian Natural's Other Stockholder Equity and Accounts Payable is -0.13. Overlapping area represents the amount of variation of Other Stockholder Equity that can explain the historical movement of Accounts Payable 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 Other Stockholder Equity and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Stockholder Equity of Canadian Natural Resources are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Other Stockholder Equity i.e., Canadian Natural's Other Stockholder Equity and Accounts Payable go up and down completely randomly.
Correlation Coefficient | -0.13 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Other Stockholder Equity
Accounts Payable
An accounting item on the balance sheet that represents Canadian Natural 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 Canadian Natural Res 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 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
High Positive Relationship
High Negative Relationship
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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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.