Canaan Historical Balance Sheet

CAN Stock

USD 1.82 0.02 1.11%

Trend analysis of Canaan Inc balance sheet accounts such as Other Current Liab of 93.7 M, Total Current Liabilities of 248.9 M or Total Stockholder Equity of 316.2 M provides information on Canaan's total assets, liabilities, and equity, which is the actual value of Canaan Inc to its prevalent stockholders. By breaking down trends over time using Canaan 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.

Cash Flow Balance Sheet Income Statement

Covid

Financial Statement Analysis is much more than just reviewing and examining Canaan Inc latest 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 Canaan Inc is a good buy for the upcoming year.

Canaan Inventory

158.99 Million

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Canaan Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

About Canaan Balance Sheet Analysis

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

Canaan Balance Sheet Chart

At this time, Canaan's Non Currrent Assets Other are very stable compared to the past year. As of the 29th of November 2024, Cash And Short Term Investments is likely to grow to about 147.9 M, while Other Current Liabilities is likely to drop about 93.7 M.

Total Assets Other Current Liab Total Current Liabilities Total Stockholder Equity Accounts Payable

Add Fundamental

Total Assets

Total assets refers to the total amount of Canaan 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 Canaan Inc 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. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Total Current Liabilities

Total Current Liabilities is an item on Canaan balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Canaan Inc are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

Accounts Payable

An accounting item on the balance sheet that represents Canaan 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 Canaan Inc 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 accounts from Canaan's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Canaan Inc 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 Canaan Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

	2021	2022	2023	2024 (projected)
Other Current Liabilities	302.3M	56.2M	96.1M	93.7M
Total Assets	884.7M	690.0M	493.3M	568.5M

Other Current Liab Total Assets

Canaan balance sheet Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Short Term Investments	Capital Surpluse	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital	Property Plant And Equipment Gross
Total Assets		-0.29	0.67	0.78	-0.41	-0.04	0.67	0.13	0.83	0.92	0.53	-0.31	-0.35	-0.12	0.78	0.35	0.36	-0.57	0.7	-0.89	0.82	-0.35	0.13	0.67	-0.01	-0.56
Other Current Liab	-0.29		-0.03	-0.38	0.56	0.28	-0.15	-0.15	-0.44	-0.52	0.6	0.39	0.47	0.4	0.24	-0.1	-0.23	0.74	-0.64	0.58	-0.26	0.81	0.08	-0.01	0.5	0.33
Total Current Liabilities	0.67	-0.03		0.07	-0.36	-0.09	0.06	0.75	0.21	0.52	0.52	-0.22	-0.26	-0.22	0.49	0.76	0.17	-0.11	0.07	-0.61	0.92	-0.28	-0.44	1.0	-0.07	-0.34
Total Stockholder Equity	0.78	-0.38	0.07		-0.25	0.03	0.84	-0.45	0.94	0.81	0.27	-0.24	-0.26	0.02	0.64	-0.16	0.34	-0.68	0.89	-0.69	0.33	-0.24	0.54	0.06	0.04	-0.48
Net Tangible Assets	-0.41	0.56	-0.36	-0.25		0.65	-0.44	-0.22	-0.5	-0.67	-0.01	0.96	0.98	0.45	-0.26	0.02	-0.73	0.81	-0.56	0.75	-0.32	0.71	0.52	-0.35	0.36	0.91
Property Plant And Equipment Net	-0.04	0.28	-0.09	0.03	0.65		-0.36	0.03	-0.04	-0.27	0.05	0.72	0.75	0.88	-0.13	0.37	-0.15	0.57	-0.37	0.33	0.11	0.72	0.27	-0.09	0.8	0.55
Current Deferred Revenue	0.67	-0.15	0.06	0.84	-0.44	-0.36		-0.55	0.84	0.75	0.46	-0.54	-0.53	-0.2	0.79	-0.43	0.45	-0.72	0.85	-0.65	0.14	-0.27	0.37	0.06	-0.1	-0.72
Net Debt	0.13	-0.15	0.75	-0.45	-0.22	0.03	-0.55		-0.29	0.04	-0.05	-0.01	-0.06	-0.15	-0.2	0.88	-0.01	0.18	-0.35	-0.21	0.66	-0.26	-0.68	0.75	-0.12	0.04
Retained Earnings	0.83	-0.44	0.21	0.94	-0.5	-0.04	0.84	-0.29		0.91	0.32	-0.48	-0.49	0.04	0.67	-0.08	0.59	-0.77	0.88	-0.82	0.44	-0.31	0.26	0.21	0.1	-0.7
Accounts Payable	0.92	-0.52	0.52	0.81	-0.67	-0.27	0.75	0.04	0.91		0.35	-0.6	-0.64	-0.26	0.69	0.14	0.55	-0.83	0.86	-0.98	0.67	-0.56	0.03	0.52	-0.15	-0.77
Cash	0.53	0.6	0.52	0.27	-0.01	0.05	0.46	-0.05	0.32	0.35		-0.12	-0.07	0.17	0.89	0.07	0.21	0.06	0.04	-0.26	0.37	0.36	0.02	0.53	0.4	-0.33
Non Current Assets Total	-0.31	0.39	-0.22	-0.24	0.96	0.72	-0.54	-0.01	-0.48	-0.6	-0.12		0.99	0.42	-0.34	0.25	-0.75	0.78	-0.54	0.64	-0.12	0.59	0.46	-0.21	0.3	0.94
Non Currrent Assets Other	-0.35	0.47	-0.26	-0.26	0.98	0.75	-0.53	-0.06	-0.49	-0.64	-0.07	0.99		0.49	-0.31	0.2	-0.71	0.82	-0.58	0.69	-0.18	0.68	0.45	-0.25	0.39	0.93
Other Assets	-0.12	0.4	-0.22	0.02	0.45	0.88	-0.2	-0.15	0.04	-0.26	0.17	0.42	0.49		-0.02	0.1	0.19	0.48	-0.36	0.34	-0.08	0.82	0.13	-0.21	0.97	0.26
Cash And Short Term Investments	0.78	0.24	0.49	0.64	-0.26	-0.13	0.79	-0.2	0.67	0.69	0.89	-0.34	-0.31	-0.02		-0.05	0.35	-0.36	0.49	-0.59	0.45	0.04	0.16	0.49	0.19	-0.58
Net Receivables	0.35	-0.1	0.76	-0.16	0.02	0.37	-0.43	0.88	-0.08	0.14	0.07	0.25	0.2	0.1	-0.05		-0.05	0.25	-0.24	-0.26	0.81	-0.09	-0.31	0.76	0.11	0.16
Common Stock Total Equity	0.36	-0.23	0.17	0.34	-0.73	-0.15	0.45	-0.01	0.59	0.55	0.21	-0.75	-0.71	0.19	0.35	-0.05		-0.55	0.39	-0.56	0.21	-0.17	-0.26	0.16	0.29	-0.82
Common Stock Shares Outstanding	-0.57	0.74	-0.11	-0.68	0.81	0.57	-0.72	0.18	-0.77	-0.83	0.06	0.78	0.82	0.48	-0.36	0.25	-0.55		-0.91	0.82	-0.24	0.76	0.0	-0.1	0.44	0.8
Short Term Investments	0.7	-0.64	0.07	0.89	-0.56	-0.37	0.85	-0.35	0.88	0.86	0.04	-0.54	-0.58	-0.36	0.49	-0.24	0.39	-0.91		-0.8	0.28	-0.62	0.32	0.06	-0.35	-0.66
Capital Surpluse	-0.89	0.58	-0.61	-0.69	0.75	0.33	-0.65	-0.21	-0.82	-0.98	-0.26	0.64	0.69	0.34	-0.59	-0.26	-0.56	0.82	-0.8		-0.73	0.66	0.11	-0.6	0.24	0.79
Inventory	0.82	-0.26	0.92	0.33	-0.32	0.11	0.14	0.66	0.44	0.67	0.37	-0.12	-0.18	-0.08	0.45	0.81	0.21	-0.24	0.28	-0.73		-0.32	-0.22	0.91	0.01	-0.31
Other Current Assets	-0.35	0.81	-0.28	-0.24	0.71	0.72	-0.27	-0.26	-0.31	-0.56	0.36	0.59	0.68	0.82	0.04	-0.09	-0.17	0.76	-0.62	0.66	-0.32		0.19	-0.27	0.84	0.49
Other Stockholder Equity	0.13	0.08	-0.44	0.54	0.52	0.27	0.37	-0.68	0.26	0.03	0.02	0.46	0.45	0.13	0.16	-0.31	-0.26	0.0	0.32	0.11	-0.22	0.19		-0.44	0.06	0.3
Total Liab	0.67	-0.01	1.0	0.06	-0.35	-0.09	0.06	0.75	0.21	0.52	0.53	-0.21	-0.25	-0.21	0.49	0.76	0.16	-0.1	0.06	-0.6	0.91	-0.27	-0.44		-0.06	-0.33
Net Invested Capital	-0.01	0.5	-0.07	0.04	0.36	0.8	-0.1	-0.12	0.1	-0.15	0.4	0.3	0.39	0.97	0.19	0.11	0.29	0.44	-0.35	0.24	0.01	0.84	0.06	-0.06		0.13
Property Plant And Equipment Gross	-0.56	0.33	-0.34	-0.48	0.91	0.55	-0.72	0.04	-0.7	-0.77	-0.33	0.94	0.93	0.26	-0.58	0.16	-0.82	0.8	-0.66	0.79	-0.31	0.49	0.3	-0.33	0.13

Click cells to compare fundamentals

Canaan Account Relationship Matchups

Canaan balance sheet Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	141.7M	158.8M	884.7M	690.0M	493.3M	568.5M
Other Current Liab	5.8M	75.6M	302.3M	56.2M	96.1M	93.7M
Total Current Liabilities	40.8M	90.8M	327.5M	75.8M	135.2M	248.9M
Total Stockholder Equity	99.0M	66.3M	543.3M	612.1M	348.2M	316.2M
Net Tangible Assets	692.8M	432.6M	3.5B	4.2B	4.9B	5.1B
Property Plant And Equipment Net	6.5M	4.1M	34.0M	90.3M	31.2M	33.4M
Current Deferred Revenue	1.2M	65.9M	210.3M	4.6M	19.6M	18.6M
Net Debt	(52.3M)	(54.1M)	(419.1M)	(100.8M)	(94.7M)	(90.0M)
Retained Earnings	(140.1M)	(168.3M)	141.5M	211.0M	(219.6M)	(208.6M)
Accounts Payable	14.2M	5.7M	22.5M	16.7M	6.2M	5.9M
Cash	73.8M	59.9M	421.7M	102.3M	96.2M	135.9M
Non Current Assets Total	7.2M	4.5M	56.4M	130.2M	137.2M	144.0M
Non Currrent Assets Other	750.3K	387.6K	19.2M	37.0M	36.4M	38.2M
Other Assets	0.0	2.5M	122.3M	256.1M	(7.5M)	(7.2M)
Cash And Short Term Investments	75.4M	69.5M	421.7M	105.7M	96.2M	147.9M
Net Receivables	410.5K	15.4M	57.8K	73.1M	58.4M	38.6M
Common Stock Shares Outstanding	143.5M	156.4M	171.7M	171.9M	171.9M	173.7M
Short Term Investments	0.0	1.6M	9.6M	3.4M	3.7M	3.6M
Liabilities And Stockholders Equity	141.7M	158.8M	884.7M	690.0M	493.3M	568.5M
Non Current Liabilities Total	1.9M	1.7M	13.9M	2.1M	9.9M	10.4M
Inventory	28.0M	34.5M	127.6M	213.2M	142.3M	159.0M
Other Current Assets	29.4M	35.0M	281.5M	239.2M	66.8M	103.2M
Other Stockholder Equity	233.2M	261.5M	432.7M	435.2M	596.8M	398.8M
Total Liab	42.7M	92.5M	341.4M	77.9M	145.1M	252.3M
Net Invested Capital	820.2M	481.3M	3.5B	4.4B	348.2M	330.8M
Property Plant And Equipment Gross	45.4M	26.6M	34.0M	91.0M	117.3M	123.1M
Total Current Assets	134.5M	154.3M	828.4M	559.8M	363.7M	524.4M
Accumulated Other Comprehensive Income	6.0M	(12.2M)	(16.0M)	(37.2M)	(29.0M)	(27.5M)
Net Working Capital	655.6M	414.7M	3.2B	3.5B	228.5M	217.1M
Short Term Debt	19.6M	9.4M	2.3M	2.3M	1.2M	1.2M
Property Plant Equipment	45.4M	26.6M	216.5M	627.6M	721.7M	757.8M
Short Long Term Debt Total	21.5M	5.8M	2.6M	1.5M	1.4M	1.4M

Pair Trading with Canaan

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 Canaan 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 Canaan will appreciate offsetting losses from the drop in the long position's value.

Moving against Canaan Stock

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The ability to find closely correlated positions to Canaan could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canaan 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 Canaan - 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 Canaan Inc to buy it.

The correlation of Canaan 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 Canaan moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canaan Inc 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 Canaan 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 Correlation Correlation Matching

When determining whether Canaan Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Canaan'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 Canaan Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Canaan Inc Stock:

How To Invest In Canaan

Details

Is Canaan Stock a good investment?

Details

What is Canaan's Net Worth?

Details

Largest Semiconductors & Semiconductor Equipment Companies

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Is Semiconductors & Semiconductor Equipment space 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 Canaan. If investors know Canaan 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 Canaan 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

(0.92)

Earnings Share

(1.43)

Revenue Per Share

0.867

Quarterly Revenue Growth

(0.03)

Return On Assets

(0.36)

The market value of Canaan Inc is measured differently than its book value, which is the value of Canaan that is recorded on the company's balance sheet. Investors also form their own opinion of Canaan's value that differs from its market value or its book value, called intrinsic value, which is Canaan'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 Canaan's market value can be influenced by many factors that don't directly affect Canaan'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 Canaan's value and its price as these two are different measures arrived at by different means. Investors typically determine if Canaan is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Canaan'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.

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Canaan Historical Balance Sheet

Canaan Inventory

158.99 Million

About Canaan Balance Sheet Analysis

Canaan Balance Sheet Chart

Total Assets

Total Current Liabilities

Total Stockholder Equity

Accounts Payable

Canaan balance sheet Correlations

Canaan Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Canaan balance sheet Accounts

Pair Trading with Canaan

Moving against Canaan Stock

COMMON DESTINATIONS

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COMPANY

Total Liab	+ 1.0	Total Current Liabilities
Non Currrent Assets Other	+ 0.99	Non Current Assets Total
Non Currrent Assets Other	+ 0.98	Net Tangible Assets
Net Invested Capital	+ 0.97	Other Assets
Non Current Assets Total	+ 0.96	Net Tangible Assets
Retained Earnings	+ 0.94	Total Stockholder Equity

Capital Surpluse	- 0.98	Accounts Payable
Short Term Investments	- 0.91	Common Stock Shares Outstanding
Capital Surpluse	- 0.89	Total Assets
Common Stock Shares Outstanding	- 0.83	Accounts Payable
Property Plant And Equipment Gross	- 0.82	Common Stock Total Equity
Capital Surpluse	- 0.82	Retained Earnings