Corus Historical Balance Sheet
CJR-B Stock | CAD 0.11 0.01 8.33% |
Trend analysis of Corus Entertainment balance sheet accounts such as Short Long Term Debt Total of 1.1 B, Other Current Liabilities of 355.6 M or Total Current Liabilities of 355.9 M provides information on Corus Entertainment's total assets, liabilities, and equity, which is the actual value of Corus Entertainment to its prevalent stockholders. By breaking down trends over time using Corus Entertainment 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.
Financial Statement Analysis is much more than just reviewing and examining Corus Entertainment 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 Corus Entertainment is a good buy for the upcoming year.
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About Corus Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of Corus Entertainment at a specified time, usually calculated after every quarter, six months, or one year. Corus Entertainment Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Corus Entertainment 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 Corus currently owns. An asset can also be divided into two categories, current and non-current.
Corus Entertainment Balance Sheet Chart
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Total Assets
Total assets refers to the total amount of Corus Entertainment 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 Corus Entertainment 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 Corus Entertainment balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Corus Entertainment 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.Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Corus Entertainment balance sheet. This account contains Corus Entertainment investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Corus Entertainment fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.Most accounts from Corus Entertainment's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Corus Entertainment 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 Corus Entertainment. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics. At this time, Corus Entertainment's Long Term Investments are comparatively stable compared to the past year. Common Stock Total Equity is likely to gain to about 1.5 B in 2024, whereas Total Current Liabilities is likely to drop slightly above 355.9 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Short and Long Term Debt Total | 1.4B | 1.2B | 1.2B | 1.1B | Total Assets | 3.5B | 2.7B | 1.5B | 1.4B |
Corus Entertainment balance sheet Correlations
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Corus Entertainment Account Relationship Matchups
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High Negative Relationship
Corus Entertainment balance sheet Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 4.0B | 3.9B | 3.5B | 2.7B | 1.5B | 1.4B | |
Short Long Term Debt Total | 1.7B | 1.5B | 1.4B | 1.2B | 1.2B | 1.1B | |
Other Current Liab | 332.3M | 331.1M | 384.4M | 404.3M | 338.7M | 355.6M | |
Total Current Liabilities | 549.3M | 552.3M | 551.0M | 588.3M | 523.5M | 355.9M | |
Total Stockholder Equity | 899.8M | 1.1B | 752.0M | 317.8M | (465.4M) | (442.1M) | |
Property Plant And Equipment Net | 333.8M | 316.2M | 294.0M | 268.2M | 250.8M | 185.9M | |
Net Debt | 1.6B | 1.4B | 1.3B | 1.2B | 1.1B | 1.0B | |
Retained Earnings | (1.4B) | (1.3B) | (1.6B) | (2.0B) | (2.8B) | (2.6B) | |
Accounts Payable | 113.8M | 171.2M | 136.4M | 156.2M | 160.6M | 118.8M | |
Cash | 45.9M | 43.7M | 54.9M | 56.2M | 82.4M | 54.3M | |
Non Current Assets Total | 3.6B | 3.5B | 3.1B | 2.4B | 1.1B | 1.1B | |
Non Currrent Assets Other | 40.2M | 61.8M | 65.8M | 90.3M | 112.0M | 86.1M | |
Cash And Short Term Investments | 45.9M | 43.7M | 54.9M | 56.2M | 82.4M | 52.5M | |
Net Receivables | 297.6M | 331.2M | 328.2M | 316.8M | 257.0M | 250.4M | |
Common Stock Shares Outstanding | 209.8M | 208.7M | 206.2M | 199.4M | 229.4M | 136.9M | |
Liabilities And Stockholders Equity | 4.0B | 3.9B | 3.5B | 2.7B | 1.5B | 1.4B | |
Non Current Liabilities Total | 2.4B | 2.1B | 2.0B | 1.7B | 1.3B | 1.5B | |
Other Current Assets | 17.1M | 24.1M | 21.4M | 21.3M | 17.9M | 17.0M | |
Other Stockholder Equity | 1.5B | 1.5B | 1.5B | 2.0B | 2.0B | 2.1B | |
Total Liab | 2.9B | 2.6B | 2.6B | 2.3B | 1.8B | 1.9B | |
Total Current Assets | 360.6M | 399.0M | 404.5M | 394.2M | 357.3M | 399.5M | |
Accumulated Other Comprehensive Income | (2.3M) | 21.8M | 33M | 37.8M | 24.5M | 25.7M | |
Short Term Debt | 90.6M | 50.1M | 30.2M | 27.8M | 24.1M | 22.9M | |
Intangible Assets | 2.4B | 2.3B | 2.3B | 1.8B | 746.4M | 709.1M | |
Other Assets | 145.5M | 138.7M | 151.6M | 175.2M | 201.5M | 127.9M | |
Other Liab | 746.9M | 782.8M | 631.9M | 681.7M | 783.9M | 603.8M | |
Net Tangible Assets | (2.2B) | (2.2B) | (1.9B) | (1.8B) | (1.7B) | (1.7B) | |
Long Term Debt | 1.4B | 1.3B | 1.2B | 1.1B | 1.2B | 1.3B | |
Long Term Investments | 46.0M | 61.3M | 90.0M | 81.4M | 93.6M | 98.3M | |
Property Plant Equipment | 225.9M | 333.8M | 316.2M | 294.0M | 338.1M | 223.7M | |
Capital Lease Obligations | 148.6M | 143.5M | 134.4M | 126.1M | 145.0M | 77.9M | |
Non Current Liabilities Other | 82.4M | 39.5M | 47.4M | 40.1M | 36.1M | 56.8M | |
Net Invested Capital | 2.4B | 2.4B | 2.0B | 1.4B | 1.3B | 2.2B |
Pair Trading with Corus Entertainment
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 Corus Entertainment 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 Corus Entertainment will appreciate offsetting losses from the drop in the long position's value.Moving together with Corus Stock
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Moving against Corus Stock
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0.67 | RY-PM | Royal Bank Earnings Call This Week | PairCorr |
0.57 | TD-PFI | Toronto Dominion Bank Earnings Call This Week | PairCorr |
0.48 | TD-PFD | Toronto Dominion Bank Earnings Call This Week | PairCorr |
0.43 | RY | Royal Bank Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Corus Entertainment could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Corus Entertainment 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 Corus Entertainment - 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 Corus Entertainment to buy it.
The correlation of Corus Entertainment 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 Corus Entertainment moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Corus Entertainment 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 Corus Entertainment 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.Additional Tools for Corus Stock Analysis
When running Corus Entertainment's price analysis, check to measure Corus Entertainment'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 Corus Entertainment is operating at the current time. Most of Corus Entertainment's value examination focuses on studying past and present price action to predict the probability of Corus Entertainment's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Corus Entertainment's price. Additionally, you may evaluate how the addition of Corus Entertainment to your portfolios can decrease your overall portfolio volatility.