Cardinal Cash vs Other Stockholder Equity Analysis

CJ Stock

CAD 6.65 0.03 0.45%

Cardinal Energy financial indicator trend analysis is way more than just evaluating Cardinal Energy prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cardinal Energy is a good investment. Please check the relationship between Cardinal Energy Cash and its Other Stockholder Equity accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cardinal Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Cash vs Other Stockholder Equity

Cash vs Other Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cardinal Energy Cash account and Other Stockholder Equity. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Cardinal Energy's Cash and Other Stockholder Equity is -0.53. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Other Stockholder Equity in the same time period over historical financial statements of Cardinal Energy, assuming nothing else is changed. The correlation between historical values of Cardinal Energy's Cash 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 Cash of Cardinal Energy 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 Cash i.e., Cardinal Energy's Cash and Other Stockholder Equity go up and down completely randomly.

Correlation Coefficient

-0.53

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Cash

Cash refers to the most liquid asset of Cardinal Energy, which is listed under current asset account on Cardinal Energy balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Cardinal Energy customers. The amounts must be unrestricted with restricted cash listed in a different Cardinal Energy 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.

Other Stockholder Equity

Most indicators from Cardinal Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cardinal Energy 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 Cardinal Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

At this time, Cardinal Energy's Tax Provision is very stable compared to the past year. As of the 26th of November 2024, Enterprise Value Over EBITDA is likely to grow to 4.31, while Selling General Administrative is likely to drop about 22.9 M.

	2021	2022	2023	2024 (projected)
Interest Expense	14.2M	5.9M	6.6M	7.8M
Depreciation And Amortization	86.1M	110.5M	111.3M	85.8M

Interest Expense Depreciation And Amortization

Cardinal Energy fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock
Total Assets		0.61	0.16	0.75	0.97	0.99	0.52	0.61	-0.51	0.8	-0.76	1.0	0.24	0.84	0.95	0.76	0.34	0.81	-0.14	0.32	0.56	0.87	0.84	0.91	0.11	0.96
Short Long Term Debt Total	0.61		0.13	0.37	0.41	0.56	0.4	1.0	-0.74	0.31	-0.55	0.61	0.33	0.35	0.65	0.41	0.15	0.92	-0.31	0.26	0.79	0.88	0.24	0.39	0.17	0.65
Other Current Liab	0.16	0.13		0.23	0.11	0.11	0.09	0.14	-0.16	0.15	-0.18	0.16	0.05	0.27	0.15	0.12	-0.17	0.2	-0.3	-0.14	0.11	0.23	0.06	0.18	-0.16	0.16
Total Current Liabilities	0.75	0.37	0.23		0.72	0.76	0.7	0.41	-0.56	0.95	-0.9	0.75	-0.28	0.9	0.8	0.85	-0.18	0.5	-0.22	0.05	0.47	0.67	0.8	0.7	0.01	0.8
Total Stockholder Equity	0.97	0.41	0.11	0.72		0.97	0.44	0.42	-0.33	0.8	-0.67	0.97	0.22	0.84	0.89	0.73	0.4	0.64	-0.04	0.31	0.4	0.73	0.88	0.93	0.11	0.89
Property Plant And Equipment Net	0.99	0.56	0.11	0.76	0.97		0.54	0.58	-0.52	0.83	-0.76	0.99	0.18	0.87	0.96	0.8	0.33	0.77	-0.1	0.3	0.56	0.85	0.88	0.92	0.06	0.97
Current Deferred Revenue	0.52	0.4	0.09	0.7	0.44	0.54		0.43	-0.62	0.73	-0.83	0.52	-0.25	0.67	0.61	0.83	-0.35	0.47	-0.3	-0.15	0.28	0.58	0.63	0.43	-0.45	0.63
Net Debt	0.61	1.0	0.14	0.41	0.42	0.58	0.43		-0.78	0.34	-0.58	0.62	0.26	0.38	0.67	0.45	0.11	0.92	-0.29	0.21	0.81	0.89	0.27	0.4	0.16	0.67
Retained Earnings	-0.51	-0.74	-0.16	-0.56	-0.33	-0.52	-0.62	-0.78		-0.55	0.73	-0.51	0.16	-0.54	-0.71	-0.68	0.23	-0.74	0.3	-0.07	-0.86	-0.77	-0.42	-0.37	0.23	-0.72
Accounts Payable	0.8	0.31	0.15	0.95	0.8	0.83	0.73	0.34	-0.55		-0.86	0.79	-0.22	0.97	0.85	0.94	-0.1	0.48	-0.19	0.13	0.46	0.65	0.94	0.8	-0.19	0.85
Cash	-0.76	-0.55	-0.18	-0.9	-0.67	-0.76	-0.83	-0.58	0.73	-0.86		-0.76	0.14	-0.83	-0.84	-0.88	0.15	-0.65	0.37	-0.16	-0.53	-0.78	-0.72	-0.66	0.12	-0.85
Non Current Assets Total	1.0	0.61	0.16	0.75	0.97	0.99	0.52	0.62	-0.51	0.79	-0.76		0.24	0.84	0.95	0.76	0.33	0.81	-0.14	0.31	0.56	0.88	0.83	0.9	0.11	0.96
Cash And Short Term Investments	0.24	0.33	0.05	-0.28	0.22	0.18	-0.25	0.26	0.16	-0.22	0.14	0.24		-0.11	0.1	-0.15	0.44	0.36	-0.44	0.67	0.02	0.24	-0.03	0.14	0.09	0.08
Net Receivables	0.84	0.35	0.27	0.9	0.84	0.87	0.67	0.38	-0.54	0.97	-0.83	0.84	-0.11		0.87	0.9	0.0	0.55	-0.21	0.21	0.48	0.69	0.93	0.87	-0.2	0.88
Common Stock Total Equity	0.95	0.65	0.15	0.8	0.89	0.96	0.61	0.67	-0.71	0.85	-0.84	0.95	0.1	0.87		0.86	0.18	0.82	-0.17	0.26	0.68	0.9	0.85	0.85	-0.02	1.0
Common Stock Shares Outstanding	0.76	0.41	0.12	0.85	0.73	0.8	0.83	0.45	-0.68	0.94	-0.88	0.76	-0.15	0.9	0.86		-0.13	0.55	-0.31	0.1	0.52	0.68	0.91	0.72	-0.32	0.86
Short Term Investments	0.34	0.15	-0.17	-0.18	0.4	0.33	-0.35	0.11	0.23	-0.1	0.15	0.33	0.44	0.0	0.18	-0.13		0.23	0.25	0.36	0.06	0.16	0.09	0.49	0.52	0.18
Non Current Liabilities Total	0.81	0.92	0.2	0.5	0.64	0.77	0.47	0.92	-0.74	0.48	-0.65	0.81	0.36	0.55	0.82	0.55	0.23		-0.28	0.3	0.78	0.98	0.47	0.61	0.08	0.83
Inventory	-0.14	-0.31	-0.3	-0.22	-0.04	-0.1	-0.3	-0.29	0.3	-0.19	0.37	-0.14	-0.44	-0.21	-0.17	-0.31	0.25	-0.28		-0.53	-0.27	-0.29	-0.13	-0.07	0.22	-0.18
Other Current Assets	0.32	0.26	-0.14	0.05	0.31	0.3	-0.15	0.21	-0.07	0.13	-0.16	0.31	0.67	0.21	0.26	0.1	0.36	0.3	-0.53		0.27	0.27	0.2	0.36	0.07	0.26
Other Stockholder Equity	0.56	0.79	0.11	0.47	0.4	0.56	0.28	0.81	-0.86	0.46	-0.53	0.56	0.02	0.48	0.68	0.52	0.06	0.78	-0.27	0.27		0.78	0.38	0.44	0.12	0.69
Total Liab	0.87	0.88	0.23	0.67	0.73	0.85	0.58	0.89	-0.77	0.65	-0.78	0.88	0.24	0.69	0.9	0.68	0.16	0.98	-0.29	0.27	0.78		0.6	0.7	0.07	0.91
Property Plant And Equipment Gross	0.84	0.24	0.06	0.8	0.88	0.88	0.63	0.27	-0.42	0.94	-0.72	0.83	-0.03	0.93	0.85	0.91	0.09	0.47	-0.13	0.2	0.38	0.6		0.85	-0.24	0.85
Total Current Assets	0.91	0.39	0.18	0.7	0.93	0.92	0.43	0.4	-0.37	0.8	-0.66	0.9	0.14	0.87	0.85	0.72	0.49	0.61	-0.07	0.36	0.44	0.7	0.85		0.06	0.86
Short Term Debt	0.11	0.17	-0.16	0.01	0.11	0.06	-0.45	0.16	0.23	-0.19	0.12	0.11	0.09	-0.2	-0.02	-0.32	0.52	0.08	0.22	0.07	0.12	0.07	-0.24	0.06		-0.04
Common Stock	0.96	0.65	0.16	0.8	0.89	0.97	0.63	0.67	-0.72	0.85	-0.85	0.96	0.08	0.88	1.0	0.86	0.18	0.83	-0.18	0.26	0.69	0.91	0.85	0.86	-0.04

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Cardinal Energy Account Relationship Matchups

Cardinal Energy fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.1B	749.1M	1.1B	1.2B	1.2B	1.0B
Short Long Term Debt Total	222.9M	239.1M	157.6M	35.8M	50.1M	47.6M
Other Current Liab	3.4M	11.9M	5.5M	18.6M	9.1M	12.3M
Total Current Liabilities	127.7M	59.3M	85.1M	109.2M	106.5M	69.5M
Total Stockholder Equity	737.9M	372.8M	719.2M	925.4M	920.7M	705.5M
Property Plant And Equipment Net	1.0B	715.5M	1.0B	1.1B	1.1B	913.2M
Net Debt	228.3M	243.0M	160.2M	40.3M	54.2M	51.5M
Retained Earnings	(347.1M)	(713.4M)	(428.9M)	(187.1M)	(199.3M)	(209.3M)
Accounts Payable	69.9M	42.4M	78.2M	89.2M	86.1M	50.1M
Cash	(5.4M)	(3.9M)	(2.6M)	(4.5M)	(4.1M)	(3.9M)
Non Current Assets Total	1.1B	715.5M	1.0B	1.1B	1.1B	966.9M
Cash And Short Term Investments	(5.4M)	(3.9M)	(2.6M)	(4.5M)	4.1M	2.9M
Net Receivables	39.7M	29.3M	51.5M	64.0M	53.2M	35.5M
Common Stock Total Equity	1.0B	1.1B	1.1B	1.1B	1.2B	841.0M
Common Stock Shares Outstanding	115.3M	113.4M	154.6M	157.9M	160.0M	103.8M
Short Term Investments	2.8M	2.9M	3.5M	3.7M	4.1M	7.5M
Liabilities And Stockholders Equity	1.1B	749.1M	1.1B	1.2B	1.2B	1.0B
Non Current Liabilities Total	284.3M	317.0M	271.5M	120.4M	160.6M	239.0M
Other Current Assets	3.1M	4.4M	3.5M	5.3M	4.2M	3.9M
Other Stockholder Equity	21.2M	30.5M	29.1M	8.2M	5.7M	5.4M
Total Liab	411.9M	376.3M	356.6M	229.6M	267.2M	308.5M
Property Plant And Equipment Gross	1.0B	715.5M	1.8B	1.9B	2.0B	1.1B
Total Current Assets	42.8M	33.6M	55.0M	69.3M	57.4M	47.0M
Accumulated Other Comprehensive Income	(551.2M)	(557.3M)	1.6M	1.6M	16.2M	0.0
Short Term Debt	46.0M	1.7M	1.4M	1.5M	1.4M	1.3M
Common Stock	1.1B	1.1B	1.1B	1.1B	1.1B	935.2M
Other Liab	107.4M	79.5M	115.3M	86.1M	99.1M	110.9M
Net Tangible Assets	737.9M	372.8M	719.2M	925.4M	1.1B	738.6M
Long Term Debt	173.3M	235.2M	155.0M	31.3M	44.9M	42.7M
Property Plant Equipment	1.0B	715.5M	1.0B	1.1B	1.2B	964.5M
Non Currrent Assets Other	1.1B	(715.5M)	(1.0B)	15.3M	13.8M	13.1M
Other Assets	112.4M	103.6M	0.0	9.8M	8.8M	8.3M
Long Term Debt Total	176.9M	237.4M	156.2M	34.3M	30.9M	29.3M
Capital Surpluse	26.4M	33.5M	33.2M	25.2M	28.9M	24.5M
Net Invested Capital	955.4M	608.1M	874.2M	956.7M	965.6M	734.7M
Net Working Capital	(84.9M)	(25.7M)	(30.1M)	(39.9M)	(49.1M)	(51.5M)
Capital Stock	1.1B	1.1B	1.1B	1.1B	1.1B	1.2B

Pair Trading with Cardinal Energy

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

Moving against Cardinal Stock

0.45	SAGE	Sage Potash Corp	Pair Corr
0.43	PIC-A	Premium Income Split	Pair Corr

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

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

Other Information on Investing in Cardinal Stock

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

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Cardinal Cash vs Other Stockholder Equity Analysis

Cash vs Other Stockholder Equity

Cash vs Other Stockholder Equity Correlation Analysis

Correlation Coefficient

Cash

Other Stockholder Equity

Cardinal Energy fundamental ratios Correlations

Cardinal Energy Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Cardinal Energy fundamental ratios Accounts

Pair Trading with Cardinal Energy

Moving against Cardinal Stock

Other Information on Investing in Cardinal Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Common Stock	+ 1.0	Common Stock Total Equity
Property Plant And Equipment Net	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Property Plant And Equipment Net
Total Liab	+ 0.98	Non Current Liabilities Total

Cash	- 0.9	Total Current Liabilities
Common Stock Shares Outstanding	- 0.88	Cash
Cash	- 0.86	Accounts Payable
Other Stockholder Equity	- 0.86	Retained Earnings
Common Stock	- 0.85	Cash
Common Stock Total Equity	- 0.84	Cash