Canoe EIT Financials
| EIT-UN Stock | CAD 15.70 0.10 0.64% |
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Debt Equity Ratio | 0.0393 | 0.0414 |
|
| |||||
| Current Ratio | 0.15 | 0.1535 |
|
|
Canoe | Select Account or Indicator |
Understanding current and past Canoe EIT Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Canoe EIT's financial statements are interrelated, with each one affecting the others. For example, an increase in Canoe EIT's assets may result in an increase in income on the income statement.
Please note, the presentation of Canoe EIT's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Canoe EIT's management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of Canoe EIT's management manipulating its earnings.
Canoe EIT Stock Summary
Canoe EIT competes with Dividend, E Split, Global Dividend, Dividend Growth, and Financial. Canoe EIT Income Fund is a closed-ended balanced fund launched and managed by Canoe Financial LP. Canoe EIT Income Fund was formed on August 5, 1997 and is domiciled in Canada. CANOE EIT is traded on Toronto Stock Exchange in Canada.Specialization | Financials, Financial Services |
| Instrument | Canada Stock View All |
| Exchange | Toronto Exchange |
| ISIN | CA13780R1091 |
| Business Address | 421 7th Avenue |
| Sector | Capital Markets |
| Industry | Financials |
| Benchmark | Dow Jones Industrial |
| Website | www.canoefinancial.com/products/closed-end |
| Phone | 800 459 3384 |
| Currency | CAD - Canadian Dollar |
You should never invest in Canoe EIT without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Canoe Stock, because this is throwing your money away. Analyzing the key information contained in Canoe EIT's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.
Canoe EIT Key Financial Ratios
Canoe EIT's financial ratios allow both analysts and investors to convert raw data from Canoe EIT's financial statements into concise, actionable information that can be used to evaluate the performance of Canoe EIT over time and compare it to other companies across industries.| Return On Equity | 0.17 | |||
| Profit Margin | 0.87 % | |||
| Operating Margin | 0.93 % | |||
| Price To Sales | 6.07 X | |||
| Revenue | 172.47 M |
Canoe EIT Key Balance Sheet Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 1.6B | 1.5B | 2.2B | 2.5B | 2.7B | 1.9B | |
| Other Current Liab | (108.9M) | (107.1M) | (109.3M) | (117.8M) | (117.6M) | (111.8M) | |
| Net Debt | (73.1M) | 48.5M | (53.8M) | (139K) | 81.2M | 53.4M | |
| Cash | 167.1M | 43.8M | 145.5M | 98.2M | 14.8M | 14.0M | |
| Net Receivables | 2.6M | 3.2M | 5.7M | 6.7M | 6.1M | 9.7M | |
| Other Current Assets | (169.7M) | (46.9M) | (151.2M) | (104.9M) | (20.8M) | (21.9M) | |
| Total Liab | 324.8M | 324.1M | 327.4M | 337.2M | 338.3M | 277.1M | |
| Total Current Assets | 169.7M | 46.9M | 151.2M | 104.9M | 20.8M | 19.8M | |
| Short Term Debt | 94.1M | 92.2M | 91.6M | 98.1M | 96.0M | 119.0M | |
| Accounts Payable | 14.8M | 14.9M | 17.6M | 19.7M | 21.6M | 14.6M | |
| Common Stock | 1.3B | 1.2B | 1.9B | 2.2B | 2.3B | 1.6B | |
| Net Tangible Assets | 1.1B | 1.3B | 1.2B | 1.9B | 2.2B | 1.4B | |
| Net Invested Capital | 94.1M | 92.2M | 91.6M | 98.1M | 96.0M | 104.0M |
Canoe EIT Key Income Statement Accounts
An income statement is very similar to a cash flow statement, but instead of showing net revenue minus expenses, it only includes earnings before interest and taxes (EBIT). This number does not have all of the same line items that are on a cash flow statement, but it leaves out non-cash expenses like depreciation and amortization. For example, if you bought $100 worth of goods from Walmart (WMT) using your debit card that has an interest rate of 20%, then paid off the balance at the end of the month with a credit card that charges 30% interest, you would have an income statement showing EBIT of $80 because your expenses are lower than the amount that went into your pocket.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Interest Expense | 3.1M | 1.5M | 886K | 2.2M | 5.8M | 3.9M | |
| Total Revenue | 187.7M | 80.5M | 597.1M | 278.1M | 172.5M | 162.2M | |
| Gross Profit | 168.2M | 60.0M | 576.6M | 250.8M | 174.8M | 147.1M | |
| Operating Income | 167.6M | 59.6M | 575.9M | 255.4M | 139.4M | 136.6M | |
| Ebitda | 167.6M | 59.6M | 575.9M | 255.4M | 1.7M | 1.6M | |
| Cost Of Revenue | 19.5M | 20.5M | 20.5M | 27.3M | (2.4M) | (2.2M) | |
| Income Before Tax | 167.6M | 59.6M | 575.9M | 255.4M | 124.7M | 124.6M | |
| Net Income | 167.6M | 59.6M | 575.9M | 255.4M | 124.7M | 124.6M | |
| Ebit | 353.1M | 129.3M | 1.2B | 529.3M | 141.1M | 134.0M | |
| Income Tax Expense | 167.6M | 59.6M | 575.9M | 255.4M | 124.7M | 171.1M | |
| Net Interest Income | 2.2M | (908K) | (845K) | (385K) | (577K) | (548.2K) | |
| Interest Income | 5.3M | 594K | 41K | 1.8M | 5.2M | 2.9M |
Canoe EIT Key Cash Accounts
Cash flow analysis captures how much money flows into and out of Canoe EIT Income. It measures of how well Canoe is doing because it can show the actual money that comes into and out of the Company from sales instead of measuring expenses against revenue to determine earnings. You have to read the cash flow statement in three sections. The first section shows how much money Canoe EIT brought in, usually known as net revenue or sales. This is different from earnings because it does not include expenses when determining net revenue for use on this part of the cash flow statement. Next, are operating activities, which show how much money Canoe had leftover after paying for its expenses. This number can be calculated in two ways: by subtracting the total of all operating expenses from net revenue or by adding up changes to cash and other assets or liabilities on this part of the statement. The third section is about investing activities, which shows what Canoe EIT has done with the money that it received from the sale of assets or what it spent to acquire new ones. This section can be broken down into two parts: investing in existing businesses (in other words, buying more stock) and investing in non-business activities like paying off debt or making acquisitions.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Sale Purchase Of Stock | (1.6M) | (695K) | (400K) | (993K) | (757K) | (794.9K) | |
| Change In Cash | (192.0M) | (123.4M) | 101.7M | (47.2M) | (83.5M) | (79.3M) | |
| Free Cash Flow | (236.5M) | (9.4M) | (12.1M) | (50.1M) | (112.8M) | (107.1M) | |
| Begin Period Cash Flow | 359.1M | 167.1M | 43.8M | 145.5M | 98.2M | 94.9M | |
| Other Cashflows From Financing Activities | 1.0M | 1.1M | 558K | 7.7M | (823K) | (781.9K) | |
| Other Non Cash Items | (404.1M) | (68.9M) | (588.0M) | (533K) | (237.5M) | (225.6M) | |
| Dividends Paid | 110.8M | 143.5M | 156.9M | 182.1M | 201.8M | 211.9M | |
| Total Cash From Operating Activities | (236.5M) | (9.4M) | (12.1M) | (50.1M) | (112.8M) | (107.1M) | |
| Net Income | 167.6M | 59.6M | 575.9M | 255.4M | 124.7M | 137.9M | |
| Total Cash From Financing Activities | 48.5M | (115.9M) | 115.4M | 8.7M | 27.6M | 29.0M | |
| End Period Cash Flow | 167.1M | 43.8M | 145.5M | 98.2M | 14.8M | 14.0M | |
| Change To Netincome | 270.5M | (404.1M) | (68.9M) | (588.0M) | (529.2M) | (502.7M) | |
| Issuance Of Capital Stock | 159.9M | 29.6M | 272.2M | 184.1M | 231.0M | 187.3M |
Canoe Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Canoe EIT's current stock value. Our valuation model uses many indicators to compare Canoe EIT value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Canoe EIT competition to find correlations between indicators driving Canoe EIT's intrinsic value. More Info.Canoe EIT Income is rated # 2 in return on equity category among its peers. It is one of the top stocks in return on asset category among its peers reporting about 0.58 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Canoe EIT Income is roughly 1.73 . At present, Canoe EIT's Return On Equity is projected to increase slightly based on the last few years of reporting. Comparative valuation analysis is a catch-all model that can be used if you cannot value Canoe EIT by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Canoe EIT's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.Canoe EIT Income Systematic Risk
Canoe EIT's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Canoe EIT volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was thirty-six with a total number of output elements of twenty-five. The Beta measures systematic risk based on how returns on Canoe EIT Income correlated with the market. If Beta is less than 0 Canoe EIT generally moves in the opposite direction as compared to the market. If Canoe EIT Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Canoe EIT Income is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Canoe EIT is generally in the same direction as the market. If Beta > 1 Canoe EIT moves generally in the same direction as, but more than the movement of the benchmark.
Canoe EIT Income Total Assets Over Time
Today, most investors in Canoe EIT Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Canoe EIT's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Canoe EIT growth as a starting point in their analysis.
Price Earnings To Growth Ratio |
|
Canoe EIT December 2, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Canoe EIT help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Canoe EIT Income. We use our internally-developed statistical techniques to arrive at the intrinsic value of Canoe EIT Income based on widely used predictive technical indicators. In general, we focus on analyzing Canoe Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Canoe EIT's daily price indicators and compare them against related drivers.
| Downside Deviation | 0.3805 | |||
| Information Ratio | 0.0987 | |||
| Maximum Drawdown | 3.08 | |||
| Value At Risk | (0.53) | |||
| Potential Upside | 0.9421 |
Complementary Tools for Canoe Stock analysis
When running Canoe EIT's price analysis, check to measure Canoe EIT'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 Canoe EIT is operating at the current time. Most of Canoe EIT's value examination focuses on studying past and present price action to predict the probability of Canoe EIT's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canoe EIT's price. Additionally, you may evaluate how the addition of Canoe EIT to your portfolios can decrease your overall portfolio volatility.
| Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios | |
| Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges | |
| Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas | |
| Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance |