Canopy Other Liab vs Other Stockholder Equity Analysis
CGC Stock | USD 3.86 0.10 2.66% |
Canopy Growth financial indicator trend analysis is way more than just evaluating Canopy Growth Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Canopy Growth Corp is a good investment. Please check the relationship between Canopy Growth Other Liab and its Other Stockholder Equity accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Canopy Growth 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 price.
Other Liab vs Other Stockholder Equity
Other Liab vs Other Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Canopy Growth Corp Other Liab account and Other Stockholder Equity. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Canopy Growth's Other Liab and Other Stockholder Equity is 0.52. Overlapping area represents the amount of variation of Other Liab that can explain the historical movement of Other Stockholder Equity in the same time period over historical financial statements of Canopy Growth Corp, assuming nothing else is changed. The correlation between historical values of Canopy Growth's Other Liab and Other Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Liab of Canopy Growth Corp are associated (or correlated) with its Other Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Stockholder Equity has no effect on the direction of Other Liab i.e., Canopy Growth's Other Liab and Other Stockholder Equity go up and down completely randomly.
Correlation Coefficient | 0.52 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Other Liab
Other Stockholder Equity
Most indicators from Canopy Growth's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Canopy Growth 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 Canopy Growth 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 price. At present, Canopy Growth's Sales General And Administrative To Revenue is projected to increase slightly based on the last few years of reporting.
2020 | 2021 | 2022 | 2023 (projected) | Cost Of Revenue | 479.7M | 713.4M | 507.0M | 216.3M | Research Development | 57.6M | 32.3M | 21.7M | 4.6M |
Canopy Growth fundamental ratios Correlations
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Canopy Growth Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Canopy Growth fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 8.7B | 6.9B | 6.8B | 5.6B | 2.4B | 1.3B | |
Other Current Liab | 81.4M | 199.4M | 151.6M | 94.4M | 181.0M | 76.4M | |
Total Current Liabilities | 411.7M | 420.6M | 284.3M | 212.9M | 803.8M | 234.7M | |
Total Stockholder Equity | 7.0B | 4.9B | 3.5B | 3.6B | 758.4M | 500.4M | |
Net Debt | (677.4M) | 428.3M | 725.0M | 629.9M | 497.7M | 522.6M | |
Retained Earnings | (777.1M) | (4.3B) | (6.1B) | (6.4B) | (9.7B) | (10.3B) | |
Cash | 2.5B | 1.3B | 1.2B | 776.0M | 677.0M | 170.3M | |
Cash And Short Term Investments | 2.0B | 2.3B | 1.4B | 782.6M | 205.8M | 195.5M | |
Common Stock Shares Outstanding | 348.0M | 37.2M | 39.1M | 46.4M | 74.8M | 94.6M | |
Short Term Investments | 2.0B | 673.3M | 1.1B | 595.7M | 105.6M | 40.5M | |
Liabilities And Stockholders Equity | 6.9B | 6.8B | 5.6B | 2.4B | 1.3B | 1.2B | |
Other Current Assets | 79.0M | 14.7M | 85.5M | 72.6M | 139.9M | 33.6M | |
Other Stockholder Equity | 2.0B | 2.6B | 2.4B | 2.5B | 2.5B | 2.6B | |
Total Liab | 1.5B | 1.7B | 3.2B | 2.0B | 1.7B | 799.8M | |
Total Current Assets | 5.1B | 2.6B | 2.8B | 1.7B | 1.1B | 371.2M | |
Accounts Payable | 188.9M | 123.4M | 67.3M | 64.3M | 31.8M | 28.7M | |
Net Receivables | 107.0M | 90.2M | 92.4M | 68.2M | 68.5M | 51.8M | |
Non Current Liabilities Total | 1.3B | 2.9B | 1.8B | 875.2M | 565.1M | 790.9M | |
Common Stock | 6.0B | 6.4B | 7.2B | 7.5B | 7.9B | 8.2B | |
Property Plant And Equipment Net | 1.5B | 1.1B | 942.8M | 499.5M | 320.1M | 592.1M | |
Non Current Assets Total | 4.3B | 4.0B | 3.9B | 1.4B | 929.1M | 882.7M | |
Non Currrent Assets Other | (24.5M) | (77.4M) | (6.7M) | 141K | (233.5M) | (221.8M) | |
Intangible Assets | 519.6M | 476.4M | 308.2M | 252.7M | 188.7M | 104.1M | |
Net Tangible Assets | 4.7B | 2.5B | 1.3B | 1.5B | 24.9M | 23.6M | |
Other Assets | 8.3M | 25.9M | 22.6M | 5.0M | 15.3M | 1.0 | |
Long Term Debt | 842.3M | 449.0M | 1.6B | 1.5B | 750.0M | 493.3M | |
Good Will | 1.5B | 2.0B | 1.9B | 1.9B | 85.6M | 43.2M | |
Inventory | 262.1M | 391.1M | 368.0M | 204.4M | 148.9M | 77.3M | |
Long Term Investments | 475.8M | 315.1M | 708.3M | 341.7M | 568.3M | 136.2M | |
Short Long Term Debt | 103.7M | 16.4M | 9.8M | 9.3M | 556.9M | 103.9M | |
Accumulated Other Comprehensive Income | 1.7B | 220.9M | (34.2M) | (42.3M) | (13.9M) | (16.1M) | |
Short Term Debt | 103.7M | 56.7M | 51.9M | 47.3M | 585.3M | 119.1M | |
Property Plant Equipment | 1.1B | 1.5B | 1.1B | 942.8M | 18.0M | 17.1M | |
Short Long Term Debt Total | 625.8M | 1.6B | 1.5B | 1.3B | 668.0M | 732.1M | |
Property Plant And Equipment Gross | 1.5B | 1.1B | 1.2B | 499.5M | 418.3M | 687.5M | |
Current Deferred Revenue | 37.6M | 41.1M | 100.8M | 76.0M | 5.8M | 5.6M | |
Capital Lease Obligations | 40.4M | 136.2M | 139.2M | 109.3M | 70.8M | 60.6M |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Canopy Growth Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Canopy Growth'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 Canopy Growth Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Canopy Growth Corp Stock:Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Canopy Growth 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 price. You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Is Pharmaceuticals 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 Canopy Growth. If investors know Canopy 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 Canopy Growth listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (5.09) | Revenue Per Share 3.315 | Quarterly Revenue Growth (0.1) | Return On Assets (0.04) | Return On Equity (0.93) |
The market value of Canopy Growth Corp is measured differently than its book value, which is the value of Canopy that is recorded on the company's balance sheet. Investors also form their own opinion of Canopy Growth's value that differs from its market value or its book value, called intrinsic value, which is Canopy Growth'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 Canopy Growth's market value can be influenced by many factors that don't directly affect Canopy Growth'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 Canopy Growth's value and its price as these two are different measures arrived at by different means. Investors typically determine if Canopy Growth is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Canopy Growth'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.