Cargojet Historical Balance Sheet

CJT Stock  CAD 89.90  3.01  3.24%   
Trend analysis of Cargojet balance sheet accounts such as Receivables of 73 M, Accounts Payable of 69.1 M or Total Assets of 1.4 B provides information on Cargojet's total assets, liabilities, and equity, which is the actual value of Cargojet to its prevalent stockholders. By breaking down trends over time using Cargojet 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. Financial Statement Analysis is much more than just reviewing and breaking down Cargojet prevalent accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Cargojet is a good buy for the upcoming year.
  
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 persons.

About Cargojet Balance Sheet Analysis

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

Cargojet Balance Sheet Chart

Cargojet 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 Cargojet uses and utilizes its capital. It also shows what exactly a company owns and owes.
Cargojet Shareholders Equity Attributable to Parent is very stable at the moment as compared to the past year. Cargojet reported last year Shareholders Equity Attributable to Parent of 608.76 Million. As of 27th of September 2023, Total Liabilities is likely to grow to about 789.9 M, while Current Liabilities is likely to drop about 74.4 M.

Total Assets

Total assets refers to the total amount of Cargojet assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Cargojet books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Major components are Cash and Equivalents; [Investments]; [Intangibles]; [PPNENet]; [TaxAssets] and [Receivables].

Current Assets

Current assets of Cargojet include cash, cash equivalents, short-term investments, accounts receivable, stock inventory and the portion of prepaid liabilities which will be paid within a year. Depending on the nature of the business, current assets can range from barrels of crude oil, to baked goods, to foreign currency. Current assets are important because they are the assets that are used to fund day-to-day operations of Cargojet. The current portion of Total Assets; reported if a company operates a classified balance sheet that segments current and non-current assets.

Shareholders Equity Attributable to Parent

A principal component of the balance sheet; in addition to Total Liabilities and Total Assets; that represents the total of all stockholders' equity (deficit) items; net of receivables from officers; directors; owners; and affiliates of the entity which are attributable to the parent.

Total Liabilities

Deferred Income Tax is recorded on Cargojet balance sheet and a result of income already earned and recognized for accounting, but not tax, purposes. Also, differences between tax laws and accounting methods can result in a temporary difference in the amount of income tax payable by a company. This difference is recorded on Cargojet books as deferred income tax. Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Principal components are [Debt]; [DeferredRev]; [Payables]; Deposit Liabilities; and Tax Liabilities.
Most accounts from Cargojet's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Cargojet current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, 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 persons. Cargojet Shareholders Equity Attributable to Parent is very stable at the moment as compared to the past year. Cargojet reported last year Shareholders Equity Attributable to Parent of 608.76 Million. As of 27th of September 2023, Total Liabilities is likely to grow to about 789.9 M, while Current Liabilities is likely to drop about 74.4 M.
 2020 2021 2022 2023 (projected)
Receivables41.3 M75.2 M67.68 M73.02 M
Inventories1.5 M2.2 M1.98 M2.14 M

Cargojet balance sheet Correlations

Cargojet Account Relationship Matchups

Cargojet balance sheet Accounts

201820192020202120222023 (projected)
Inventories1.6 M2.3 M1.5 M2.2 M1.98 M2.14 M
Receivables65.2 M51.3 M41.3 M75.2 M67.68 M73.02 M
Accounts Payable35.8 M45.6 M66.9 M71.2 M64.08 M69.14 M
Total Assets852.9 M1.1 B1.22 B1.49 B1.34 B1.45 B
Current Assets72.6 M70.5 M96.2 M200.1 M180.09 M194.31 M
Shareholders Equity Attributable to Parent157.7 M276.2 M175.2 M676.4 M608.76 M656.82 M
Total Liabilities695.2 M822.1 M1.05 B813.4 M732.06 M789.85 M
Current Liabilities73.4 M114.5 M180.6 M98.2 M88.38 M74.42 M

Be your own money manager

Our tools can tell you how much better you can do entering a position in Cargojet without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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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

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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 equities. 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.
Pair CorrelationCorrelation Matching
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 persons. You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.

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Please note, there is a significant difference between Cargojet's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cargojet is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cargojet'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.