Canopy Long Term Debt vs Cash And Short Term Investments Analysis
WEED Stock | CAD 9.74 0.01 0.10% |
Canopy Growth financial indicator trend analysis is way more than just evaluating Canopy Growth Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Canopy Growth Corp is a good investment. Please check the relationship between Canopy Growth Long Term Debt and its Cash And Short Term Investments accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Canopy Growth Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Long Term Debt vs Cash And Short Term Investments
Long Term Debt vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Canopy Growth Corp Long Term Debt account and Cash And Short Term Investments. At this time, the significance of the direction appears to have strong relationship.
The correlation between Canopy Growth's Long Term Debt and Cash And Short Term Investments is 0.66. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Canopy Growth Corp, assuming nothing else is changed. The correlation between historical values of Canopy Growth's Long Term Debt and Cash And Short Term Investments 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 Canopy Growth Corp are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Long Term Debt i.e., Canopy Growth's Long Term Debt and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.66 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Long Term Debt
Long-term debt is a debt that Canopy Growth Corp has held for over one year. Long-term debt appears on Canopy Growth Corp 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 Canopy Growth Corp 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.Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Canopy Growth Corp balance sheet. This account contains Canopy Growth investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Canopy Growth Corp fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.Most indicators from Canopy Growth's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Canopy Growth Corp 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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Canopy Growth Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. At this time, Canopy Growth's Tax Provision is very stable compared to the past year. As of the 20th of June 2024, Sales General And Administrative To Revenue is likely to grow to 5.23, while Selling General Administrative is likely to drop about 5.8 M.
Canopy Growth fundamental ratios Correlations
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Canopy Growth Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Canopy Growth fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 8.7B | 6.9B | 6.8B | 5.6B | 2.4B | 1.3B | |
Other Current Liab | 240.4M | 207.2M | 139.3M | 94.7M | 49.1M | 86.0M | |
Total Current Liabilities | 411.7M | 420.6M | 284.3M | 212.9M | 803.8M | 234.7M | |
Total Stockholder Equity | 7.0B | 4.9B | 3.5B | 3.6B | 809.9M | 500.4M | |
Net Debt | (677.4M) | 428.3M | 725.0M | 629.9M | 426.9M | 448.3M | |
Retained Earnings | (777.1M) | (4.3B) | (6.1B) | (6.4B) | (7.6B) | (10.3B) | |
Cash | 2.5B | 1.3B | 1.2B | 776.0M | 462.5M | 170.3M | |
Cash And Short Term Investments | 2.0B | 2.3B | 1.4B | 782.6M | 900.0M | 964.0M | |
Common Stock Shares Outstanding | 348.0M | 371.7M | 391.3M | 517.3M | 91.1M | 180.7M | |
Short Term Investments | 673.3M | 1.1B | 595.7M | 105.6M | 33.2M | 31.5M | |
Liabilities And Stockholders Equity | 6.9B | 6.8B | 5.6B | 2.4B | 2.8B | 2.8B | |
Other Current Assets | 79.0M | 14.7M | 19.1M | 19.1M | 23.6M | 13.5M | |
Other Stockholder Equity | (5.9M) | 2.6B | 2.4B | 2.5B | (13.9M) | 1.7M | |
Total Liab | 1.5B | 1.7B | 3.2B | 2.0B | 1.6B | 799.8M | |
Total Current Assets | 5.1B | 2.6B | 2.8B | 1.7B | 1.1B | 371.2M | |
Accounts Payable | 188.9M | 123.4M | 67.3M | 64.3M | 76.2M | 28.7M | |
Non Current Liabilities Total | 1.3B | 2.9B | 1.8B | 875.2M | 565.1M | 862.8M | |
Common Stock | 6.0B | 6.4B | 7.2B | 7.5B | 7.9B | 28.3M | |
Net Tangible Assets | 4.7B | 2.5B | 1.3B | 1.5B | 24.9M | 23.6M | |
Long Term Debt | 842.3M | 449.0M | 1.6B | 1.5B | 750.0M | 493.3M | |
Net Receivables | 107.0M | 90.2M | 92.4M | 96.4M | 66.8M | 44.9M | |
Inventory | 262.1M | 391.1M | 368.0M | 204.4M | 148.9M | 77.3M | |
Short Long Term Debt | 103.7M | 16.4M | 9.8M | 9.3M | 556.9M | 103.9M | |
Short Term Debt | 103.7M | 56.7M | 9.8M | 9.3M | 0.0 | 1.8M | |
Intangible Assets | 519.6M | 476.4M | 308.2M | 252.7M | 188.7M | 104.1M | |
Property Plant Equipment | 1.1B | 1.5B | 1.1B | 942.8M | 499.5M | 14.8M | |
Short Long Term Debt Total | 946.0M | 625.8M | 1.6B | 1.5B | 1.7B | 1.8B | |
Other Liab | 239.1M | 690.2M | 1.3B | 178.8M | 205.7M | 343.6M | |
Property Plant And Equipment Net | 1.5B | 1.1B | 942.8M | 499.5M | 320.1M | 304.1M | |
Non Current Assets Total | 4.3B | 4.0B | 3.9B | 1.4B | 929.2M | 882.7M | |
Property Plant And Equipment Gross | 1.5B | 1.3B | 1.2B | 499.5M | 418.3M | 712.0M | |
Accumulated Other Comprehensive Income | 1.7B | 220.9M | (34.2M) | (42.3M) | (48.6M) | (46.2M) | |
Current Deferred Revenue | 900K | 37.6M | 41.1M | 100.8M | 115.9M | 121.7M | |
Non Currrent Assets Other | 22.6M | 5.0M | 15.3M | 19.8M | 24.1M | 22.9M | |
Other Assets | 22.6M | 102.5M | 479.5M | 19.8M | 22.8M | 21.6M | |
Good Will | 2.0B | 1.9B | 1.9B | 85.6M | 43.2M | 41.1M | |
Long Term Debt Total | 500.7M | 1.6B | 1.5B | 789.6M | 908.1M | 831.0M | |
Long Term Investments | 315.1M | 708.3M | 341.7M | 568.3M | 136.2M | 129.4M | |
Non Current Liabilities Other | 440.7M | 613.1M | 135.9M | 124.9M | 16.2M | 15.4M |
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Try AI Portfolio ArchitectAdditional Information and Resources on Investing in Canopy Stock
When determining whether Canopy Growth Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Canopy Growth'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 Canopy Growth Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Canopy Growth Corp Stock:Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Canopy Growth Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.