Canuc Net Working Capital vs Cash Analysis

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Canuc Resources financial indicator trend analysis is way more than just evaluating Canuc Resources Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Canuc Resources Corp is a good investment. Please check the relationship between Canuc Resources Net Working Capital and its Cash accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Canuc Resources Corp. 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 Working Capital vs Cash

Net Working Capital vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Canuc Resources Corp Net Working Capital account and Cash. At this time, the significance of the direction appears to have strong relationship.

The correlation between Canuc Resources' Net Working Capital and Cash is 0.71. Overlapping area represents the amount of variation of Net Working Capital that can explain the historical movement of Cash in the same time period over historical financial statements of Canuc Resources Corp, assuming nothing else is changed. The correlation between historical values of Canuc Resources' Net Working Capital and Cash 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 Working Capital of Canuc Resources Corp are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Net Working Capital i.e., Canuc Resources' Net Working Capital and Cash go up and down completely randomly.

Correlation Coefficient

0.71

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Net Working Capital

Cash

Cash refers to the most liquid asset of Canuc Resources Corp, which is listed under current asset account on Canuc Resources Corp balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Canuc Resources customers. The amounts must be unrestricted with restricted cash listed in a different Canuc Resources account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

Most indicators from Canuc Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Canuc Resources Corp 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 Canuc Resources Corp. 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.

Selling General Administrative is likely to drop to about 489 K in 2024. Issuance Of Capital Stock is likely to drop to about 2.6 M in 2024

Canuc Resources fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Retained Earnings	Accounts Payable	Cash	Net Receivables	Total Liab	Total Current Assets	Common Stock	Total Stockholder Equity	Net Tangible Assets	Other Current Assets	Other Stockholder Equity	Short Long Term Debt	Short Term Debt	Non Current Assets Total	Non Currrent Assets Other	Common Stock Shares Outstanding	Net Invested Capital	Net Working Capital	Property Plant Equipment	Capital Stock	Other Liab	Property Plant And Equipment Net	Capital Lease Obligations
Total Assets		0.67	0.16	-0.09	0.42	0.88	0.82	0.22	0.93	0.02	0.8	-0.05	-0.44	0.65	-0.48	-0.48	-0.52	0.67	0.61	0.56	0.76	-0.54	0.59	0.52	-0.56	-0.55
Other Current Liab	0.67		0.21	0.18	0.49	0.77	0.72	0.31	0.81	-0.28	0.58	-0.25	-0.54	0.84	-0.62	-0.62	-0.9	0.8	0.88	0.24	0.64	-0.95	0.84	0.71	-0.8	-0.79
Total Current Liabilities	0.16	0.21		0.16	0.85	0.34	-0.21	0.99	0.16	-0.16	-0.34	-0.23	-0.44	0.17	-0.48	-0.48	-0.04	0.38	0.1	-0.62	-0.38	-0.27	-0.02	0.0	-0.05	-0.05
Retained Earnings	-0.09	0.18	0.16		0.18	0.21	0.04	0.15	0.16	-0.99	0.05	-0.15	-0.27	0.11	0.1	0.1	-0.07	0.37	0.15	-0.12	0.01	-0.22	0.09	0.06	-0.08	-0.07
Accounts Payable	0.42	0.49	0.85	0.18		0.58	0.22	0.85	0.48	-0.24	0.04	-0.4	-0.54	0.55	-0.71	-0.71	-0.33	0.7	0.48	-0.31	0.01	-0.5	0.37	0.4	-0.39	-0.39
Cash	0.88	0.77	0.34	0.21	0.58		0.71	0.38	0.97	-0.29	0.73	-0.17	-0.45	0.76	-0.55	-0.55	-0.65	0.75	0.71	0.42	0.71	-0.69	0.68	0.61	-0.69	-0.67
Net Receivables	0.82	0.72	-0.21	0.04	0.22	0.71		-0.14	0.87	-0.13	0.92	-0.07	-0.33	0.7	-0.42	-0.42	-0.6	0.67	0.7	0.73	0.92	-0.56	0.69	0.6	-0.61	-0.6
Total Liab	0.22	0.31	0.99	0.15	0.85	0.38	-0.14		0.22	-0.17	-0.3	-0.25	-0.47	0.21	-0.5	-0.5	-0.13	0.44	0.16	-0.61	-0.32	-0.38	0.04	0.04	-0.09	-0.09
Total Current Assets	0.93	0.81	0.16	0.16	0.48	0.97	0.87	0.22		-0.25	0.86	-0.15	-0.44	0.79	-0.54	-0.54	-0.68	0.77	0.76	0.57	0.84	-0.69	0.73	0.65	-0.71	-0.7
Common Stock	0.02	-0.28	-0.16	-0.99	-0.24	-0.29	-0.13	-0.17	-0.25		-0.12	0.21	0.32	-0.22	-0.03	-0.03	0.18	-0.46	-0.27	0.08	-0.09	0.32	-0.21	-0.18	0.19	0.19
Total Stockholder Equity	0.8	0.58	-0.34	0.05	0.04	0.73	0.92	-0.3	0.86	-0.12		0.08	-0.19	0.62	-0.31	-0.31	-0.51	0.53	0.6	0.88	0.97	-0.41	0.64	0.56	-0.58	-0.57
Net Tangible Assets	-0.05	-0.25	-0.23	-0.15	-0.4	-0.17	-0.07	-0.25	-0.15	0.21	0.08		0.12	-0.44	0.01	0.01	0.5	-0.27	-0.4	0.24	0.02	0.37	-0.41	-0.54	0.52	0.54
Other Current Assets	-0.44	-0.54	-0.44	-0.27	-0.54	-0.45	-0.33	-0.47	-0.44	0.32	-0.19	0.12		-0.5	0.34	0.34	0.35	-0.61	-0.43	0.03	-0.22	0.48	-0.38	-0.33	0.37	0.37
Other Stockholder Equity	0.65	0.84	0.17	0.11	0.55	0.76	0.7	0.21	0.79	-0.22	0.62	-0.44	-0.5		-0.61	-0.61	-0.87	0.78	0.91	0.32	0.65	-0.77	0.93	0.89	-0.96	-0.96
Short Long Term Debt	-0.48	-0.62	-0.48	0.1	-0.71	-0.55	-0.42	-0.5	-0.54	-0.03	-0.31	0.01	0.34	-0.61		1.0	0.42	-0.72	-0.51	0.03	-0.26	0.57	-0.45	-0.39	0.44	0.44
Short Term Debt	-0.48	-0.62	-0.48	0.1	-0.71	-0.55	-0.42	-0.5	-0.54	-0.03	-0.31	0.01	0.34	-0.61	1.0		0.42	-0.72	-0.51	0.03	-0.26	0.57	-0.45	-0.39	0.44	0.44
Non Current Assets Total	-0.52	-0.9	-0.04	-0.07	-0.33	-0.65	-0.6	-0.13	-0.68	0.18	-0.51	0.5	0.35	-0.87	0.42	0.42		-0.61	-0.89	-0.25	-0.61	0.9	-0.91	-0.85	0.93	0.92
Non Currrent Assets Other	0.67	0.8	0.38	0.37	0.7	0.75	0.67	0.44	0.77	-0.46	0.53	-0.27	-0.61	0.78	-0.72	-0.72	-0.61		0.79	0.12	0.48	-0.78	0.72	0.66	-0.66	-0.65
Common Stock Shares Outstanding	0.61	0.88	0.1	0.15	0.48	0.71	0.7	0.16	0.76	-0.27	0.6	-0.4	-0.43	0.91	-0.51	-0.51	-0.89	0.79		0.3	0.65	-0.87	0.98	0.94	-0.91	-0.9
Net Invested Capital	0.56	0.24	-0.62	-0.12	-0.31	0.42	0.73	-0.61	0.57	0.08	0.88	0.24	0.03	0.32	0.03	0.03	-0.25	0.12	0.3		0.89	-0.05	0.38	0.33	-0.32	-0.31
Net Working Capital	0.76	0.64	-0.38	0.01	0.01	0.71	0.92	-0.32	0.84	-0.09	0.97	0.02	-0.22	0.65	-0.26	-0.26	-0.61	0.48	0.65	0.89		-0.48	0.69	0.6	-0.63	-0.62
Property Plant Equipment	-0.54	-0.95	-0.27	-0.22	-0.5	-0.69	-0.56	-0.38	-0.69	0.32	-0.41	0.37	0.48	-0.77	0.57	0.57	0.9	-0.78	-0.87	-0.05	-0.48		-0.82	-0.72	0.77	0.75
Capital Stock	0.59	0.84	-0.02	0.09	0.37	0.68	0.69	0.04	0.73	-0.21	0.64	-0.41	-0.38	0.93	-0.45	-0.45	-0.91	0.72	0.98	0.38	0.69	-0.82		0.97	-0.96	-0.95
Other Liab	0.52	0.71	0.0	0.06	0.4	0.61	0.6	0.04	0.65	-0.18	0.56	-0.54	-0.33	0.89	-0.39	-0.39	-0.85	0.66	0.94	0.33	0.6	-0.72	0.97		-0.93	-0.93
Property Plant And Equipment Net	-0.56	-0.8	-0.05	-0.08	-0.39	-0.69	-0.61	-0.09	-0.71	0.19	-0.58	0.52	0.37	-0.96	0.44	0.44	0.93	-0.66	-0.91	-0.32	-0.63	0.77	-0.96	-0.93		1.0
Capital Lease Obligations	-0.55	-0.79	-0.05	-0.07	-0.39	-0.67	-0.6	-0.09	-0.7	0.19	-0.57	0.54	0.37	-0.96	0.44	0.44	0.92	-0.65	-0.9	-0.31	-0.62	0.75	-0.95	-0.93	1.0

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Canuc Resources Account Relationship Matchups

Canuc Resources fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	388.4K	1.3M	1.4M	145.1K	1.5M	1.6M
Other Current Liab	21.6K	61.5K	106.1K	85.9K	98.8K	103.7K
Total Current Liabilities	952.6K	405.9K	918.9K	594.9K	153.4K	145.8K
Retained Earnings	(10.5M)	(12.7M)	(19.0M)	(20.8M)	(22.5M)	(23.6M)
Accounts Payable	872.9K	284.8K	833.0K	594.9K	684.1K	441.7K
Cash	219.2K	803.1K	1.3M	119.3K	887.3K	931.7K
Net Receivables	46.0K	387.5K	126.7K	25.8K	647.3K	679.6K
Total Liab	1.1M	554.0K	980.5K	667.5K	230.7K	219.1K
Total Current Assets	265.2K	1.2M	1.4M	145.1K	1.5M	1.6M
Total Stockholder Equity	(726.3K)	740.3K	451.5K	(522.3K)	1.3M	1.4M
Net Tangible Assets	(113.2K)	(726.3K)	740.3K	(522.3K)	(470.1K)	(446.6K)
Other Stockholder Equity	1.2M	642.5K	1.1M	3.2M	3.7M	3.9M
Non Current Liabilities Total	162.1K	148.1K	61.6K	72.6K	77.2K	71.7K
Net Invested Capital	(721.3K)	740.3K	451.5K	(522.3K)	1.3M	1.4M
Net Working Capital	(687.3K)	784.7K	513.2K	(449.7K)	1.4M	1.5M

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