Canadian Free Cash Flow vs Change To Operating Activities Analysis

CTC Stock

CAD 233.56 11.31 5.09%

Canadian Tire financial indicator trend analysis is way more than just evaluating Canadian Tire prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Canadian Tire is a good investment. Please check the relationship between Canadian Tire Free Cash Flow and its Change To Operating Activities accounts. 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.

Free Cash Flow vs Change To Operating Activities

Free Cash Flow vs Change To Operating Activities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Canadian Tire Free Cash Flow account and Change To Operating Activities. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Canadian Tire's Free Cash Flow and Change To Operating Activities is 0.5. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Change To Operating Activities in the same time period over historical financial statements of Canadian Tire, assuming nothing else is changed. The correlation between historical values of Canadian Tire's Free Cash Flow and Change To Operating Activities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow of Canadian Tire are associated (or correlated) with its Change To Operating Activities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Operating Activities has no effect on the direction of Free Cash Flow i.e., Canadian Tire's Free Cash Flow and Change To Operating Activities go up and down completely randomly.

Correlation Coefficient

0.5

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Change To Operating Activities

Most indicators from Canadian Tire's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators 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 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 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 Selling General Administrative is very stable compared to the past year. As of the 25th of November 2024, Tax Provision is likely to grow to about 339.9 M, while Sales General And Administrative To Revenue is likely to drop 0.12.

	2021	2022	2023	2024 (projected)
Interest Expense	90.3M	87.6M	101.5M	107.0M
Depreciation And Amortization	701.5M	743.5M	802.2M	842.3M

Interest Expense Depreciation And Amortization

Canadian Tire 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	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Property Plant And Equipment Gross	Intangible Assets	Good Will	Current Deferred Revenue
Total Assets		0.75	0.74	0.97	0.79	0.97	0.69	0.86	0.94	0.37	0.82	0.89	0.41	0.78	-0.83	0.8	0.81	0.61	-0.55	0.83	0.99	0.66	0.56	0.84	0.94	0.77
Short Long Term Debt Total	0.75		0.39	0.72	0.44	0.81	0.98	0.5	0.74	0.09	0.98	0.67	0.23	0.9	-0.95	0.97	0.95	0.81	-0.56	0.98	0.69	0.9	0.57	0.97	0.85	0.93
Other Current Liab	0.74	0.39		0.8	0.7	0.61	0.3	0.73	0.72	0.58	0.5	0.71	0.61	0.52	-0.43	0.47	0.5	0.22	-0.6	0.54	0.79	0.29	0.42	0.56	0.66	0.48
Total Current Liabilities	0.97	0.72	0.8		0.8	0.92	0.67	0.85	0.93	0.3	0.79	0.89	0.34	0.77	-0.76	0.72	0.8	0.54	-0.62	0.8	0.96	0.71	0.59	0.81	0.91	0.74
Total Stockholder Equity	0.79	0.44	0.7	0.8		0.69	0.37	0.99	0.83	0.32	0.55	0.75	0.31	0.7	-0.47	0.47	0.58	0.39	-0.43	0.56	0.86	0.45	0.78	0.51	0.58	0.57
Property Plant And Equipment Net	0.97	0.81	0.61	0.92	0.69		0.77	0.77	0.92	0.27	0.86	0.78	0.33	0.77	-0.89	0.84	0.85	0.7	-0.4	0.86	0.92	0.69	0.54	0.87	0.94	0.85
Net Debt	0.69	0.98	0.3	0.67	0.37	0.77		0.43	0.68	-0.09	0.95	0.61	0.07	0.88	-0.92	0.93	0.93	0.75	-0.52	0.94	0.61	0.92	0.56	0.93	0.8	0.91
Retained Earnings	0.86	0.5	0.73	0.85	0.99	0.77	0.43		0.87	0.35	0.61	0.78	0.35	0.72	-0.55	0.54	0.63	0.43	-0.45	0.61	0.91	0.5	0.74	0.57	0.66	0.62
Accounts Payable	0.94	0.74	0.72	0.93	0.83	0.92	0.68	0.87		0.29	0.83	0.8	0.36	0.82	-0.79	0.77	0.85	0.67	-0.48	0.83	0.94	0.65	0.7	0.83	0.87	0.82
Cash	0.37	0.09	0.58	0.3	0.32	0.27	-0.09	0.35	0.29		0.18	0.28	0.96	0.08	-0.17	0.23	0.12	0.22	-0.14	0.21	0.43	-0.12	0.01	0.22	0.31	0.15
Non Current Assets Total	0.82	0.98	0.5	0.79	0.55	0.86	0.95	0.61	0.83	0.18		0.71	0.32	0.93	-0.96	0.98	0.97	0.8	-0.54	1.0	0.77	0.86	0.65	0.99	0.88	0.97
Non Currrent Assets Other	0.89	0.67	0.71	0.89	0.75	0.78	0.61	0.78	0.8	0.28	0.71		0.28	0.78	-0.7	0.67	0.7	0.42	-0.78	0.73	0.9	0.66	0.51	0.74	0.83	0.58
Cash And Short Term Investments	0.41	0.23	0.61	0.34	0.31	0.33	0.07	0.35	0.36	0.96	0.32	0.28		0.2	-0.28	0.38	0.24	0.31	-0.17	0.36	0.45	-0.01	0.08	0.37	0.4	0.32
Net Receivables	0.78	0.9	0.52	0.77	0.7	0.77	0.88	0.72	0.82	0.08	0.93	0.78	0.2		-0.86	0.89	0.92	0.69	-0.63	0.93	0.77	0.86	0.82	0.89	0.76	0.9
Common Stock Shares Outstanding	-0.83	-0.95	-0.43	-0.76	-0.47	-0.89	-0.92	-0.55	-0.79	-0.17	-0.96	-0.7	-0.28	-0.86		-0.96	-0.92	-0.78	0.44	-0.95	-0.76	-0.82	-0.52	-0.94	-0.88	-0.91
Non Current Liabilities Total	0.8	0.97	0.47	0.72	0.47	0.84	0.93	0.54	0.77	0.23	0.98	0.67	0.38	0.89	-0.96		0.93	0.8	-0.51	0.98	0.74	0.8	0.56	0.98	0.87	0.95
Inventory	0.81	0.95	0.5	0.8	0.58	0.85	0.93	0.63	0.85	0.12	0.97	0.7	0.24	0.92	-0.92	0.93		0.83	-0.56	0.97	0.77	0.88	0.66	0.94	0.84	0.94
Other Current Assets	0.61	0.81	0.22	0.54	0.39	0.7	0.75	0.43	0.67	0.22	0.8	0.42	0.31	0.69	-0.78	0.8	0.83		-0.31	0.79	0.57	0.65	0.47	0.76	0.66	0.78
Other Stockholder Equity	-0.55	-0.56	-0.6	-0.62	-0.43	-0.4	-0.52	-0.45	-0.48	-0.14	-0.54	-0.78	-0.17	-0.63	0.44	-0.51	-0.56	-0.31		-0.58	-0.58	-0.57	-0.29	-0.59	-0.6	-0.37
Total Liab	0.83	0.98	0.54	0.8	0.56	0.86	0.94	0.61	0.83	0.21	1.0	0.73	0.36	0.93	-0.95	0.98	0.97	0.79	-0.58		0.78	0.86	0.64	0.99	0.88	0.96
Total Current Assets	0.99	0.69	0.79	0.96	0.86	0.92	0.61	0.91	0.94	0.43	0.77	0.9	0.45	0.77	-0.76	0.74	0.77	0.57	-0.58	0.78		0.61	0.59	0.79	0.89	0.73
Short Term Debt	0.66	0.9	0.29	0.71	0.45	0.69	0.92	0.5	0.65	-0.12	0.86	0.66	-0.01	0.86	-0.82	0.8	0.88	0.65	-0.57	0.86	0.61		0.63	0.83	0.71	0.8
Property Plant And Equipment Gross	0.56	0.57	0.42	0.59	0.78	0.54	0.56	0.74	0.7	0.01	0.65	0.51	0.08	0.82	-0.52	0.56	0.66	0.47	-0.29	0.64	0.59	0.63		0.56	0.41	0.72
Intangible Assets	0.84	0.97	0.56	0.81	0.51	0.87	0.93	0.57	0.83	0.22	0.99	0.74	0.37	0.89	-0.94	0.98	0.94	0.76	-0.59	0.99	0.79	0.83	0.56		0.93	0.93
Good Will	0.94	0.85	0.66	0.91	0.58	0.94	0.8	0.66	0.87	0.31	0.88	0.83	0.4	0.76	-0.88	0.87	0.84	0.66	-0.6	0.88	0.89	0.71	0.41	0.93		0.8
Current Deferred Revenue	0.77	0.93	0.48	0.74	0.57	0.85	0.91	0.62	0.82	0.15	0.97	0.58	0.32	0.9	-0.91	0.95	0.94	0.78	-0.37	0.96	0.73	0.8	0.72	0.93	0.8

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Canadian Tire Account Relationship Matchups

Canadian Tire fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	19.5B	20.4B	21.8B	22.1B	22.0B	11.1B
Short Long Term Debt Total	7.8B	7.2B	7.1B	7.7B	8.8B	9.3B
Other Current Liab	1.2B	1.8B	2.5B	1.7B	1.5B	882.1M
Total Current Liabilities	5.8B	5.2B	6.8B	7.1B	6.4B	3.3B
Total Stockholder Equity	4.2B	4.5B	5.1B	5.6B	5.5B	3.6B
Property Plant And Equipment Net	5.9B	6.0B	6.3B	6.9B	7.2B	3.7B
Net Debt	7.6B	5.9B	5.4B	7.4B	8.5B	9.0B
Retained Earnings	3.7B	4.1B	4.7B	5.1B	5.1B	3.0B
Accounts Payable	2.1B	2.0B	2.4B	2.7B	2.2B	1.6B
Cash	187.3M	1.3B	1.7B	313.8M	287.2M	272.8M
Non Current Assets Total	10.0B	9.8B	10.2B	10.6B	10.7B	11.2B
Non Currrent Assets Other	1.2B	1.0B	1.1B	1.1B	1.1B	581.4M
Cash And Short Term Investments	389M	1.9B	2.3B	490.1M	464.4M	772.0M
Net Receivables	6.8B	6.0B	6.5B	7.4B	7.8B	8.2B
Common Stock Shares Outstanding	61.9M	61.1M	61.3M	59.3M	56.5M	61.6M
Liabilities And Stockholders Equity	19.5B	20.4B	21.8B	22.1B	22.0B	11.0B
Non Current Liabilities Total	8.3B	9.3B	8.5B	7.9B	9.1B	9.6B
Inventory	2.2B	2.3B	2.5B	3.2B	2.7B	2.8B
Other Current Assets	189.3M	272.6M	326.3M	405.7M	366.2M	384.5M
Total Liab	14.0B	14.5B	15.3B	15.1B	15.5B	16.3B
Total Current Assets	9.6B	10.5B	11.6B	11.5B	11.3B	5.9B
Accumulated Other Comprehensive Income	(129.9M)	(237.7M)	(169.2M)	(42.4M)	(181.8M)	(172.7M)
Short Term Debt	2.2B	1.2B	1.6B	2.5B	2.4B	2.5B
Intangible Assets	1.5B	1.5B	1.5B	1.5B	1.4B	1.5B
Good Will	891.1M	889.5M	876.8M	863.2M	844.8M	447.5M
Current Deferred Revenue	222.8M	246.8M	291.2M	316.4M	342.4M	359.5M
Short Term Investments	201.7M	643M	606.2M	176.3M	177.2M	247.2M
Common Stock Total Equity	615.7M	591.5M	588M	597M	537.3M	505.1M
Common Stock	588M	597M	593.6M	587.8M	598.7M	500.7M
Other Liab	1.0B	1.0B	1.0B	932.8M	1.1B	1.0B
Net Tangible Assets	1.8B	2.1B	2.8B	3.3B	2.9B	2.4B
Other Assets	1.5B	1.3B	1.3B	310.8M	357.4M	339.5M
Long Term Debt	3.7B	4.1B	3.6B	3.2B	4.4B	3.5B
Long Term Investments	138.9M	146.2M	175.1M	62.6M	108.2M	115.5M
Short Long Term Debt	288.2M	822.5M	1.3B	2.1B	2.0B	1.2B
Property Plant Equipment	5.9B	6.0B	6.3B	6.9B	8.0B	5.4B
Long Term Debt Total	5.6B	6.0B	5.5B	5.2B	6.0B	5.0B
Non Current Liabilities Other	2.3B	2.9B	2.6B	2.3B	2.3B	2.6B

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.

Pair Correlation Correlation Matching

Other Information on Investing in Canadian Stock

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

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Canadian Free Cash Flow vs Change To Operating Activities Analysis

Free Cash Flow vs Change To Operating Activities

Free Cash Flow vs Change To Operating Activities Correlation Analysis

Correlation Coefficient

Free Cash Flow

Change To Operating Activities

Canadian Tire fundamental ratios Correlations

Canadian Tire Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Canadian Tire fundamental ratios Accounts

Pair Trading with Canadian Tire

Other Information on Investing in Canadian Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 1.0	Non Current Assets Total
Total Current Assets	+ 0.99	Total Assets
Retained Earnings	+ 0.99	Total Stockholder Equity
Intangible Assets	+ 0.99	Non Current Assets Total
Intangible Assets	+ 0.99	Total Liab
Net Debt	+ 0.98	Short Long Term Debt Total

Non Current Liabilities Total	- 0.96	Common Stock Shares Outstanding
Common Stock Shares Outstanding	- 0.96	Non Current Assets Total
Total Liab	- 0.95	Common Stock Shares Outstanding
Common Stock Shares Outstanding	- 0.95	Short Long Term Debt Total
Intangible Assets	- 0.94	Common Stock Shares Outstanding
Inventory	- 0.92	Common Stock Shares Outstanding