Michael CPA - Canlan Ice Executive President

ICE Stock  CAD 4.10  0.00  0.00%   

President

Michael CPA is Executive President of Canlan Ice Sports
Address 6501 Sprott Street, Burnaby, BC, Canada, V5B 3B8
Phone604 736 9152
Webhttps://www.canlansports.com

Canlan Ice Management Efficiency

At this time, Canlan Ice's Return On Tangible Assets are very stable compared to the past year. As of the 22nd of November 2024, Return On Assets is likely to grow to 0, while Return On Capital Employed is likely to drop 0.02. At this time, Canlan Ice's Non Currrent Assets Other are very stable compared to the past year. As of the 22nd of November 2024, Return On Tangible Assets is likely to grow to 0, while Total Assets are likely to drop about 98.5 M. Canlan Ice's management efficiency ratios could be used to measure how well Canlan Ice manages its routine affairs as well as how well it operates its assets and liabilities.
Canlan Ice Sports has accumulated 49.27 M in total debt with debt to equity ratio (D/E) of 139.0, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Canlan Ice Sports has a current ratio of 0.67, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Canlan Ice until it has trouble settling it off, either with new capital or with free cash flow. So, Canlan Ice's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Canlan Ice Sports sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Canlan to invest in growth at high rates of return. When we think about Canlan Ice's use of debt, we should always consider it together with cash and equity.

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Canlan Ice Sports Corp. engages in the acquisition, development, lease, and operation of multi-purpose recreation and entertainment facilities in North America. Canlan Ice Sports Corp. is a subsidiary of Bartrac Investments Ltd. CANLAN ICE operates under Leisure classification in Canada and is traded on Toronto Stock Exchange. It employs 1100 people. Canlan Ice Sports (ICE) is traded on Toronto Exchange in Canada and employs 1,000 people. Canlan Ice is listed under Leisure Products category by Fama And French industry classification.

Management Performance

Canlan Ice Sports Leadership Team

Elected by the shareholders, the Canlan Ice's board of directors comprises two types of representatives: Canlan Ice inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Canlan. The board's role is to monitor Canlan Ice's management team and ensure that shareholders' interests are well served. Canlan Ice's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Canlan Ice's outside directors are responsible for providing unbiased perspectives on the board's policies.
Costa Klandianos, VP Innovation
Liana Guiry, Marketing Sales
Joey StAubin, President CEO, Director
Rita Price, VP Officer
Michael CPA, Executive President
Chad Mahabir, VicePresident Technology
Mark Faubert, Sr. VP of Operations
Joe McCullagh, Chief Officer

Canlan Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Canlan Ice a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Pair Trading with Canlan Ice

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 Canlan Ice 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 Canlan Ice will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Canlan Ice could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canlan Ice 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 Canlan Ice - 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 Canlan Ice Sports to buy it.
The correlation of Canlan Ice is a statistical measure of how it moves in relation to other instruments. 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 Canlan Ice moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canlan Ice Sports 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 Canlan Ice 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

Other Information on Investing in Canlan Stock

Canlan Ice financial ratios help investors to determine whether Canlan Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Canlan with respect to the benefits of owning Canlan Ice security.