Canadian Historical Cash Flow
| CTC Stock | CAD 233.56 11.31 5.09% |
Analysis of Canadian Tire cash flow over time is an excellent tool to project Canadian Tire future capital expenditures as well as to predict the amount of cash needed to cover cost of sales, R&D expenses or production expansions. Investors should almost always look for trends in cash flow indicators such as Begin Period Cash Flow of 608.2 M or Depreciation of 842.3 M as it is a great indicator of Canadian Tire ability to facilitate future growth, repay debt on time or pay out dividends.
Financial Statement Analysis is much more than just reviewing and examining Canadian Tire 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 Canadian Tire is a good buy for the upcoming year.
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About Canadian Cash Flow Analysis
The Cash Flow Statement is a financial statement that shows how changes in Canadian balance sheet and income statement accounts affect cash and cash equivalents. It breaks the analysis down to operating, investing, and financing activities. One of the most critical aspects of the cash flow statement is liquidity, which is the degree to which Canadian's non-liquid assets can be easily converted into cash.
Canadian Tire Cash Flow Chart
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Begin Period Cash Flow
The amount of cash a company has at the beginning of a financial reporting period. It serves as the starting point for calculating the period's cash flow from operations, investing, and financing activities.Dividends Paid
The total amount of dividends that a company has paid out to its shareholders over a specific period.Capital Expenditures
Capital Expenditures are funds used by Canadian Tire to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Canadian Tire operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Canadian Tire financial statement analysis. It represents the amount of money remaining after all of Canadian Tire operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Change To Inventory
The increase or decrease in the amount of inventory a company has over a certain period.Most accounts from Canadian Tire's cash flow statement are interrelated and interconnected. However, analyzing cash flow statement accounts one by one will only give a small insight into Canadian Tire current financial condition. On the other hand, looking into the entire matrix of cash flow statement 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 Canadian Tire. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. At this time, Canadian Tire's End Period Cash Flow is very stable compared to the past year. As of the 25th of November 2024, Change To Account Receivables is likely to grow to about 39.6 M, though Change In Cash is likely to grow to (14.3 M).
| 2021 | 2022 | 2023 | 2024 (projected) | Capital Expenditures | 778.8M | 834.6M | 668.6M | 490.9M | Dividends Paid | 271.1M | 325.8M | 360.8M | 378.8M |
Canadian Tire cash flow statement Correlations
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Canadian Tire Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Canadian Tire cash flow statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change In Cash | (275.3M) | 1.1B | 424.5M | (1.4B) | (15.1M) | (14.3M) | |
| Free Cash Flow | 473.8M | 2.0B | 1.0B | (268.6M) | 685.1M | 719.4M | |
| Begin Period Cash Flow | 470.4M | 195.1M | 1.3B | 1.8B | 326.3M | 608.2M | |
| Other Cashflows From Financing Activities | 98.6M | 931.1M | 104.9M | 389.2M | (605.6M) | (575.3M) | |
| Depreciation | 657.5M | 695.3M | 701.5M | 743.5M | 802.2M | 842.3M | |
| Other Non Cash Items | (3.6M) | 1.2B | (264.3M) | (1.2B) | 374.7M | 393.4M | |
| Dividends Paid | 242.5M | 262.9M | 271.1M | 325.8M | 360.8M | 378.8M | |
| Capital Expenditures | 613.8M | 436.5M | 778.8M | 834.6M | 668.6M | 490.9M | |
| Total Cash From Operating Activities | 1.1B | 2.4B | 1.8B | 566M | 1.4B | 760.5M | |
| Net Income | 894.8M | 862.6M | 1.3B | 1.2B | 339.1M | 500.3M | |
| Total Cash From Financing Activities | (604.2M) | (462.7M) | (653.4M) | (1.7B) | (621M) | (590.0M) | |
| End Period Cash Flow | 195.1M | 1.3B | 1.8B | 326.3M | 311.2M | 611.7M | |
| Sale Purchase Of Stock | (218M) | (111.5M) | (131.1M) | (425.4M) | (376.1M) | (357.3M) | |
| Change In Working Capital | (105.5M) | (183.7M) | 241.6M | (574.4M) | (189.8M) | (180.3M) | |
| Investments | (4.2M) | (848M) | (43.2M) | (329.9M) | (747.8M) | (710.4M) | |
| Net Borrowings | (203.5M) | (1.0B) | (492.4M) | 136.3M | 122.7M | 128.8M | |
| Stock Based Compensation | 31.6M | 115.5M | 123.5M | 18.3M | (47.3M) | (44.9M) | |
| Total Cashflows From Investing Activities | (758.7M) | (848M) | (736.5M) | (329.9M) | (296.9M) | (311.8M) | |
| Change To Operating Activities | (377.8M) | 741.4M | (245.2M) | (1.2B) | (1.1B) | (1.1B) | |
| Other Cashflows From Investing Activities | (144.9M) | (411.5M) | 42.3M | 504.7M | 580.4M | 609.4M | |
| Change To Netincome | 29.5M | 254.3M | 230.5M | 9.9M | 11.4M | 10.8M |
Pair Trading with Canadian Tire
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 Tire 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 Tire will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Canadian Tire 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 Tire 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 Tire - 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 Tire to buy it.
The correlation of Canadian Tire 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 Tire moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canadian Tire 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 Tire 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.Other Information on Investing in Canadian Stock
The Cash Flow Statement is a financial statement that shows how changes in Canadian balance sheet and income statement accounts affect cash and cash equivalents. It breaks the analysis down to operating, investing, and financing activities. One of the most critical aspects of the cash flow statement is liquidity, which is the degree to which Canadian's non-liquid assets can be easily converted into cash.