Corus Net Receivables vs Long Term Debt Analysis

CJR-B Stock

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Corus Entertainment financial indicator trend analysis is way more than just evaluating Corus Entertainment prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Corus Entertainment is a good investment. Please check the relationship between Corus Entertainment Net Receivables and its Long Term Debt accounts. 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.

Net Receivables vs Long Term Debt

Net Receivables vs Long Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Corus Entertainment Net Receivables account and Long Term Debt. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Corus Entertainment's Net Receivables and Long Term Debt is 0.91. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of Corus Entertainment, assuming nothing else is changed. The correlation between historical values of Corus Entertainment's Net Receivables and Long Term Debt 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 Receivables of Corus Entertainment are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Net Receivables i.e., Corus Entertainment's Net Receivables and Long Term Debt go up and down completely randomly.

Correlation Coefficient

0.91

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Net Receivables

Long Term Debt

Long-term debt is a debt that Corus Entertainment has held for over one year. Long-term debt appears on Corus Entertainment balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Corus Entertainment balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

Most indicators from Corus Entertainment's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators 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 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 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 Sales General And Administrative To Revenue is comparatively stable compared to the past year. Enterprise Value is likely to gain to about 2.3 B in 2024, whereas Selling General Administrative is likely to drop slightly above 342.1 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	971.4M	839.3M	629.4M	577.2M
Total Revenue	1.6B	1.5B	1.3B	1.1B

Gross Profit Total Revenue

Corus Entertainment fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Current Deferred Revenue	Inventory	Other Assets	Other Liab
Total Assets		0.89	0.27	0.63	0.81	0.57	0.88	0.27	0.53	-0.2	1.0	-0.39	-0.2	0.83	0.44	0.91	-0.16	-0.31	0.89	0.55	0.75	0.94	0.17	-0.62	0.41	0.73
Short Long Term Debt Total	0.89		0.62	0.85	0.47	0.76	0.99	-0.17	0.67	-0.29	0.88	-0.14	-0.29	0.94	0.71	0.99	-0.27	0.06	0.99	0.62	0.68	0.89	0.53	-0.74	0.55	0.92
Other Current Liab	0.27	0.62		0.87	-0.32	0.81	0.64	-0.82	0.53	-0.35	0.26	0.23	-0.35	0.69	0.87	0.59	-0.29	0.74	0.66	0.41	0.2	0.47	0.89	-0.56	0.52	0.7
Total Current Liabilities	0.63	0.85	0.87		0.1	0.89	0.85	-0.51	0.7	-0.37	0.62	0.04	-0.37	0.87	0.9	0.81	-0.27	0.42	0.87	0.49	0.56	0.75	0.74	-0.76	0.63	0.87
Total Stockholder Equity	0.81	0.47	-0.32	0.1		0.07	0.45	0.78	0.16	-0.01	0.82	-0.55	-0.01	0.4	-0.1	0.51	0.01	-0.74	0.45	0.27	0.61	0.64	-0.37	-0.29	0.1	0.27
Property Plant And Equipment Net	0.57	0.76	0.81	0.89	0.07		0.79	-0.49	0.7	-0.47	0.57	-0.12	-0.47	0.79	0.84	0.76	-0.28	0.43	0.81	0.32	0.33	0.72	0.66	-0.5	0.64	0.83
Net Debt	0.88	0.99	0.64	0.85	0.45	0.79		-0.19	0.68	-0.41	0.87	-0.19	-0.41	0.95	0.71	0.98	-0.37	0.06	0.99	0.53	0.67	0.88	0.52	-0.77	0.63	0.94
Retained Earnings	0.27	-0.17	-0.82	-0.51	0.78	-0.49	-0.19		-0.33	0.19	0.29	-0.5	0.19	-0.25	-0.66	-0.12	0.15	-0.91	-0.2	-0.16	0.23	0.07	-0.82	0.2	-0.28	-0.34
Accounts Payable	0.53	0.67	0.53	0.7	0.16	0.7	0.68	-0.33		-0.34	0.52	0.02	-0.34	0.73	0.64	0.64	-0.03	0.27	0.67	0.37	0.25	0.53	0.48	-0.58	0.61	0.75
Cash	-0.2	-0.29	-0.35	-0.37	-0.01	-0.47	-0.41	0.19	-0.34		-0.24	0.42	1.0	-0.4	-0.25	-0.28	0.84	-0.05	-0.3	0.48	-0.16	-0.22	-0.19	0.48	-0.79	-0.49
Non Current Assets Total	1.0	0.88	0.26	0.62	0.82	0.57	0.87	0.29	0.52	-0.24		-0.43	-0.24	0.82	0.42	0.91	-0.19	-0.33	0.88	0.5	0.75	0.94	0.15	-0.62	0.43	0.73
Non Currrent Assets Other	-0.39	-0.14	0.23	0.04	-0.55	-0.12	-0.19	-0.5	0.02	0.42	-0.43		0.42	-0.14	0.18	-0.21	0.34	0.31	-0.17	0.28	-0.23	-0.36	0.33	0.06	-0.07	-0.07
Cash And Short Term Investments	-0.2	-0.29	-0.35	-0.37	-0.01	-0.47	-0.41	0.19	-0.34	1.0	-0.24	0.42		-0.4	-0.25	-0.28	0.84	-0.05	-0.3	0.48	-0.15	-0.22	-0.19	0.48	-0.79	-0.49
Net Receivables	0.83	0.94	0.69	0.87	0.4	0.79	0.95	-0.25	0.73	-0.4	0.82	-0.14	-0.4		0.78	0.93	-0.32	0.14	0.95	0.59	0.56	0.85	0.61	-0.78	0.67	0.92
Common Stock Shares Outstanding	0.44	0.71	0.87	0.9	-0.1	0.84	0.71	-0.66	0.64	-0.25	0.42	0.18	-0.25	0.78		0.67	-0.15	0.59	0.73	0.51	0.29	0.6	0.9	-0.54	0.54	0.75
Non Current Liabilities Total	0.91	0.99	0.59	0.81	0.51	0.76	0.98	-0.12	0.64	-0.28	0.91	-0.21	-0.28	0.93	0.67		-0.25	0.04	0.99	0.62	0.66	0.93	0.49	-0.69	0.5	0.89
Other Current Assets	-0.16	-0.27	-0.29	-0.27	0.01	-0.28	-0.37	0.15	-0.03	0.84	-0.19	0.34	0.84	-0.32	-0.15	-0.25		0.01	-0.26	0.42	-0.24	-0.12	-0.11	0.48	-0.69	-0.45
Other Stockholder Equity	-0.31	0.06	0.74	0.42	-0.74	0.43	0.06	-0.91	0.27	-0.05	-0.33	0.31	-0.05	0.14	0.59	0.04	0.01		0.11	0.17	-0.32	-0.07	0.74	-0.05	0.07	0.18
Total Liab	0.89	0.99	0.66	0.87	0.45	0.81	0.99	-0.2	0.67	-0.3	0.88	-0.17	-0.3	0.95	0.73	0.99	-0.26	0.11		0.62	0.66	0.92	0.55	-0.72	0.54	0.91
Total Current Assets	0.55	0.62	0.41	0.49	0.27	0.32	0.53	-0.16	0.37	0.48	0.5	0.28	0.48	0.59	0.51	0.62	0.42	0.17	0.62		0.35	0.55	0.48	-0.32	-0.08	0.44
Short Term Debt	0.75	0.68	0.2	0.56	0.61	0.33	0.67	0.23	0.25	-0.16	0.75	-0.23	-0.15	0.56	0.29	0.66	-0.24	-0.32	0.66	0.35		0.66	0.14	-0.7	0.27	0.55
Intangible Assets	0.94	0.89	0.47	0.75	0.64	0.72	0.88	0.07	0.53	-0.22	0.94	-0.36	-0.22	0.85	0.6	0.93	-0.12	-0.07	0.92	0.55	0.66		0.35	-0.59	0.39	0.73
Current Deferred Revenue	0.17	0.53	0.89	0.74	-0.37	0.66	0.52	-0.82	0.48	-0.19	0.15	0.33	-0.19	0.61	0.9	0.49	-0.11	0.74	0.55	0.48	0.14	0.35		-0.43	0.37	0.58
Inventory	-0.62	-0.74	-0.56	-0.76	-0.29	-0.5	-0.77	0.2	-0.58	0.48	-0.62	0.06	0.48	-0.78	-0.54	-0.69	0.48	-0.05	-0.72	-0.32	-0.7	-0.59	-0.43		-0.65	-0.74
Other Assets	0.41	0.55	0.52	0.63	0.1	0.64	0.63	-0.28	0.61	-0.79	0.43	-0.07	-0.79	0.67	0.54	0.5	-0.69	0.07	0.54	-0.08	0.27	0.39	0.37	-0.65		0.78
Other Liab	0.73	0.92	0.7	0.87	0.27	0.83	0.94	-0.34	0.75	-0.49	0.73	-0.07	-0.49	0.92	0.75	0.89	-0.45	0.18	0.91	0.44	0.55	0.73	0.58	-0.74	0.78

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Corus Entertainment Account Relationship Matchups

Corus Entertainment fundamental ratios 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 against Corus Stock

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0.52	AMZN	Amazon CDR	Pair Corr
0.52	COST	Costco Wholesale Corp	Pair Corr
0.44	GOOG	Alphabet CDR	Pair Corr
0.38	BRK	Berkshire Hathaway CDR	Pair Corr

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.

Pair Correlation Correlation Matching

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.

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