Canadian Net Debt vs Total Current Liabilities Analysis

CP Stock  USD 75.19  1.66  2.26%   
Canadian Pacific financial indicator trend analysis is way more than just evaluating Canadian Pacific Railway prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Canadian Pacific Railway is a good investment. Please check the relationship between Canadian Pacific Net Debt and its Total Current Liabilities accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Canadian Pacific Railway. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Net Debt vs Total Current Liabilities

Net Debt vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Canadian Pacific Railway Net Debt account and Total Current Liabilities. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Canadian Pacific's Net Debt and Total Current Liabilities is 0.91. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Canadian Pacific Railway, assuming nothing else is changed. The correlation between historical values of Canadian Pacific's Net Debt and Total Current Liabilities 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 Debt of Canadian Pacific Railway are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Net Debt i.e., Canadian Pacific's Net Debt and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.91
Relationship DirectionPositive 
Relationship StrengthVery Strong

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Total Current Liabilities

Total Current Liabilities is an item on Canadian Pacific balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Canadian Pacific Railway 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.
Most indicators from Canadian Pacific's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Canadian Pacific Railway 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 Canadian Pacific Railway. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.
At this time, Canadian Pacific's Selling General Administrative is relatively stable compared to the past year. As of 11/22/2024, Sales General And Administrative To Revenue is likely to grow to 0.20, though Enterprise Value Over EBITDA is likely to grow to (155.97).
 2021 2022 2023 2024 (projected)
Gross Profit4.4B4.6B6.4B3.6B
Total Revenue8.0B8.8B12.6B13.2B

Canadian Pacific fundamental ratios Correlations

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0.70.710.760.690.760.380.710.79-0.040.70.710.330.760.380.020.690.750.49-0.430.710.760.760.740.640.64
0.910.910.760.90.960.780.910.930.220.90.850.170.910.12-0.060.870.970.81-0.210.90.980.870.990.850.92
1.00.960.690.90.820.770.960.930.141.00.840.230.740.10.120.970.910.77-0.170.980.90.790.910.990.97
0.840.860.760.960.820.80.860.910.070.830.790.250.970.11-0.020.810.950.67-0.180.840.990.880.950.760.85
0.770.740.380.780.770.80.740.780.140.760.730.320.78-0.110.270.720.830.570.040.740.820.740.770.720.78
0.981.00.710.910.960.860.740.930.00.980.720.20.770.14-0.060.990.90.69-0.231.00.920.720.920.950.98
0.940.940.790.930.930.910.780.93-0.050.940.850.250.860.10.070.920.910.64-0.170.930.950.820.950.880.93
0.090.0-0.040.220.140.070.140.0-0.050.090.3-0.230.090.00.05-0.010.250.660.00.020.10.180.170.160.12
1.00.980.70.91.00.830.760.980.940.090.80.220.750.120.060.990.910.75-0.190.990.910.760.920.990.98
0.810.730.710.850.840.790.730.720.850.30.80.230.76-0.010.310.720.870.78-0.020.750.830.850.850.80.77
0.230.220.330.170.230.250.320.20.25-0.230.220.230.260.420.530.220.27-0.02-0.350.220.250.520.170.190.09
0.750.770.760.910.740.970.780.770.860.090.750.760.260.140.020.710.90.59-0.210.750.940.870.890.670.76
0.120.150.380.120.10.11-0.110.140.10.00.12-0.010.420.140.00.150.150.08-0.960.140.10.250.110.090.11
0.07-0.050.02-0.060.12-0.020.27-0.060.070.050.060.310.530.020.00.00.07-0.020.18-0.010.020.24-0.050.12-0.05
0.990.990.690.870.970.810.720.990.92-0.010.990.720.220.710.150.00.870.67-0.231.00.880.70.890.960.97
0.910.90.750.970.910.950.830.90.910.250.910.870.270.90.150.070.870.82-0.220.90.970.90.950.870.9
0.750.680.490.810.770.670.570.690.640.660.750.78-0.020.590.08-0.020.670.82-0.150.70.730.680.80.770.75
-0.2-0.24-0.43-0.21-0.17-0.180.04-0.23-0.170.0-0.19-0.02-0.35-0.21-0.960.18-0.23-0.22-0.15-0.23-0.18-0.28-0.2-0.15-0.2
0.991.00.710.90.980.840.741.00.930.020.990.750.220.750.14-0.011.00.90.7-0.230.910.730.910.960.98
0.920.920.760.980.90.990.820.920.950.10.910.830.250.940.10.020.880.970.73-0.180.910.880.970.860.91
0.770.740.760.870.790.880.740.720.820.180.760.850.520.870.250.240.70.90.68-0.280.730.880.850.730.71
0.920.920.740.990.910.950.770.920.950.170.920.850.170.890.11-0.050.890.950.8-0.20.910.970.850.870.93
0.990.950.640.850.990.760.720.950.880.160.990.80.190.670.090.120.960.870.77-0.150.960.860.730.870.95
0.980.970.640.920.970.850.780.980.930.120.980.770.090.760.11-0.050.970.90.75-0.20.980.910.710.930.95
Click cells to compare fundamentals

Canadian Pacific Account Relationship Matchups

Canadian Pacific fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets22.4B23.6B68.2B73.5B79.9B83.9B
Short Long Term Debt Total8.8B9.8B20.1B19.7B22.8B24.0B
Other Current Liab1.1B888M954M955M1.5B1.6B
Total Current Liabilities2.3B2.7B3.2B3.2B5.7B6.0B
Total Stockholder Equity7.1B7.3B33.8B38.9B41.5B43.6B
Property Plant And Equipment Net19.2B20.4B21.2B22.4B50.3B52.8B
Current Deferred Revenue142M38M34M1.7B2.0B2.1B
Net Debt8.6B9.6B20.1B19.2B22.4B23.5B
Retained Earnings7.6B8.1B10.4B13.2B16.4B17.2B
Accounts Payable453M401M432M503M680M574.3M
Non Current Assets Total21.2B22.3B66.8B71.6B76.9B80.7B
Non Currrent Assets Other451M438M419M3.5B5.3B5.6B
Cash And Short Term Investments133M147M69M451M464M282.7M
Net Receivables805M637M594M758M1.5B1.6B
Common Stock Shares Outstanding696.5M680M682.8M932.9M933.7M695.6M
Liabilities And Stockholders Equity22.4B23.6B68.2B73.5B79.9B83.9B
Non Current Liabilities Total13.0B13.7B31.2B31.4B31.8B33.4B
Inventory182M208M235M284M400M420M
Other Current Assets90M329M454M396M642M674.1M
Other Stockholder Equity48M55M66M78M88M83.6M
Total Liab15.3B16.3B34.3B34.6B37.5B39.4B
Property Plant And Equipment Gross19.5B20.7B30.1B31.9B60.4B63.4B
Total Current Assets1.2B1.3B1.4B1.9B3.0B3.2B
Accumulated Other Comprehensive Income(2.5B)(2.8B)(2.1B)91M(618M)(648.9M)
Short Term Debt599M1.2B1.6B1.6B3.2B3.4B
Common Stock2.0B2.0B25.5B25.5B25.6B26.9B
Other Liab4.6B4.8B12.3B13.1B15.0B15.8B
Net Tangible Assets6.6B7.0B33.5B38.5B44.3B46.5B
Cash133M147M69M451M464M305.8M
Other Assets1.1B22.1B67.9B71.1B81.8B85.9B
Long Term Debt8.0B8.6B18.6B18.1B19.4B20.3B
Long Term Investments341M199M42.5B45.3B533M506.4M
Short Long Term Debt599M1.2B1.6B1.5B3.1B3.3B
Property Plant Equipment19.2B20.4B21.2B22.7B26.0B14.2B
Long Term Debt Total8.2B8.2B8.6B18.6B21.4B10.8B

Pair Trading with Canadian Pacific

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 Canadian Pacific 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 Canadian Pacific will appreciate offsetting losses from the drop in the long position's value.

Moving together with Canadian Stock

  0.62FLYX flyExclusive,PairCorr

Moving against Canadian Stock

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  0.72ALK Alaska Air Group Fiscal Year End 23rd of January 2025 PairCorr
The ability to find closely correlated positions to Canadian Pacific could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canadian Pacific 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 Canadian Pacific - 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 Canadian Pacific Railway to buy it.
The correlation of Canadian Pacific 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 Canadian Pacific moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canadian Pacific Railway 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 Canadian Pacific 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 CorrelationCorrelation Matching

Additional Tools for Canadian Stock Analysis

When running Canadian Pacific's price analysis, check to measure Canadian Pacific'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 Canadian Pacific is operating at the current time. Most of Canadian Pacific's value examination focuses on studying past and present price action to predict the probability of Canadian Pacific's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canadian Pacific's price. Additionally, you may evaluate how the addition of Canadian Pacific to your portfolios can decrease your overall portfolio volatility.