| CCB Stock | | | CAD 0.02 0.01 100.00% |
Canada Carbon financial indicator trend analysis is way more than just evaluating Canada Carbon prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Canada Carbon is a good investment. Please check the relationship between Canada Carbon Net Debt and its Other Current Assets accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Canada Carbon. 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.
Net Debt vs Other Current Assets
Net Debt vs Other Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Canada Carbon Net Debt account and
Other Current Assets. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Canada Carbon's Net Debt and Other Current Assets is -0.5. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Canada Carbon, assuming nothing else is changed. The correlation between historical values of Canada Carbon's Net Debt and Other Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Canada Carbon are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Net Debt i.e., Canada Carbon's Net Debt and Other Current Assets go up and down completely randomly.
Correlation Coefficient | -0.5 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.
Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.
Most indicators from Canada Carbon's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Canada Carbon 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
Trending Equities to better understand how to build diversified portfolios, which includes a position in Canada Carbon. 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, Canada Carbon's
Selling General Administrative is fairly stable compared to the past year.
Enterprise Value Over EBITDA is likely to climb to 305.13 in 2024, whereas
Issuance Of Capital Stock is likely to drop slightly above 966.3
K in 2024.
Canada Carbon fundamental ratios Correlations
Click cells to compare fundamentals
Canada Carbon Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Canada Carbon fundamental ratios Accounts
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Additional Tools for Canada Stock Analysis
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measure Canada Carbon'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 Canada Carbon is operating at the current time. Most of Canada Carbon's value examination focuses on studying past and present price action to
predict the probability of Canada Carbon's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canada Carbon's price. Additionally, you may evaluate how the addition of Canada Carbon to your portfolios can decrease your overall portfolio volatility.