Canadian Total Current Liabilities vs Common Stock Shares Outstanding Analysis

CU Stock

CAD 35.94 0.08 0.22%

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

Total Current Liabilities vs Common Stock Shares Outstanding

Total Current Liabilities vs Common Stock Shares Outstanding Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Canadian Utilities Total Current Liabilities account and Common Stock Shares Outstanding. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Canadian Utilities' Total Current Liabilities and Common Stock Shares Outstanding is 0.41. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Common Stock Shares Outstanding in the same time period over historical financial statements of Canadian Utilities Limited, assuming nothing else is changed. The correlation between historical values of Canadian Utilities' Total Current Liabilities and Common Stock Shares Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Liabilities of Canadian Utilities Limited are associated (or correlated) with its Common Stock Shares Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Shares Outstanding has no effect on the direction of Total Current Liabilities i.e., Canadian Utilities' Total Current Liabilities and Common Stock Shares Outstanding go up and down completely randomly.

Correlation Coefficient

0.41

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Total Current Liabilities

Total Current Liabilities is an item on Canadian Utilities 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 Utilities Limited 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.

Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.

Most indicators from Canadian Utilities' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Canadian Utilities 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 Utilities Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

As of the 29th of November 2024, Sales General And Administrative To Revenue is likely to grow to 0.13, while Selling General Administrative is likely to drop about 371.9 M.

	2021	2022	2023	2024 (projected)
Gross Profit	2.4B	2.7B	2.6B	1.9B
Total Revenue	3.5B	4.0B	3.8B	3.2B

Gross Profit Total Revenue

Canadian Utilities fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock
Common Stock Shares Outstanding		0.66	0.67	0.24	0.41	0.66	0.65	-0.49	0.65	0.67	0.3	0.25	0.65	0.3	0.55	0.63	0.66	0.66	-0.67	0.37	-0.53	0.65	0.85	0.67	0.57	0.72
Total Assets	0.66		0.99	0.45	0.74	0.98	0.99	-0.56	0.98	0.97	0.68	0.48	1.0	0.45	0.52	0.84	0.95	1.0	-0.8	0.52	-0.71	1.0	0.7	0.78	0.36	0.96
Short Long Term Debt Total	0.67	0.99		0.42	0.74	0.95	0.98	-0.55	1.0	0.94	0.64	0.43	0.99	0.53	0.48	0.85	0.97	1.0	-0.81	0.57	-0.65	1.0	0.68	0.8	0.4	0.97
Other Current Liab	0.24	0.45	0.42		0.52	0.39	0.43	-0.58	0.41	0.36	0.49	0.35	0.43	0.21	0.33	0.71	0.41	0.45	-0.55	0.54	-0.24	0.47	0.46	0.57	0.13	0.43
Total Current Liabilities	0.41	0.74	0.74	0.52		0.66	0.7	-0.51	0.75	0.64	0.77	0.21	0.73	0.5	0.27	0.82	0.66	0.72	-0.47	0.46	-0.5	0.76	0.62	0.62	0.68	0.64
Total Stockholder Equity	0.66	0.98	0.95	0.39	0.66		0.98	-0.5	0.93	1.0	0.65	0.56	0.98	0.32	0.61	0.75	0.91	0.96	-0.78	0.41	-0.79	0.96	0.68	0.71	0.29	0.92
Property Plant And Equipment Net	0.65	0.99	0.98	0.43	0.7	0.98		-0.52	0.97	0.98	0.65	0.49	1.0	0.36	0.53	0.81	0.96	0.99	-0.79	0.45	-0.7	0.98	0.7	0.72	0.32	0.95
Current Deferred Revenue	-0.49	-0.56	-0.55	-0.58	-0.51	-0.5	-0.52		-0.55	-0.5	-0.58	-0.11	-0.55	-0.3	-0.25	-0.57	-0.45	-0.56	0.45	-0.45	0.58	-0.57	-0.59	-0.53	-0.29	-0.46
Net Debt	0.65	0.98	1.0	0.41	0.75	0.93	0.97	-0.55		0.92	0.65	0.36	0.98	0.54	0.39	0.84	0.96	0.99	-0.78	0.58	-0.62	0.99	0.67	0.76	0.4	0.96
Retained Earnings	0.67	0.97	0.94	0.36	0.64	1.0	0.98	-0.5	0.92		0.63	0.56	0.97	0.29	0.62	0.74	0.9	0.95	-0.76	0.39	-0.8	0.95	0.68	0.71	0.29	0.91
Accounts Payable	0.3	0.68	0.64	0.49	0.77	0.65	0.65	-0.58	0.65	0.63		0.14	0.68	0.34	0.15	0.64	0.49	0.66	-0.31	0.52	-0.68	0.69	0.52	0.54	0.17	0.49
Cash	0.25	0.48	0.43	0.35	0.21	0.56	0.49	-0.11	0.36	0.56	0.14		0.46	0.09	0.9	0.39	0.44	0.45	-0.64	0.16	-0.44	0.44	0.15	0.55	-0.03	0.49
Non Current Assets Total	0.65	1.0	0.99	0.43	0.73	0.98	1.0	-0.55	0.98	0.97	0.68	0.46		0.42	0.5	0.83	0.95	0.99	-0.79	0.49	-0.71	0.99	0.69	0.74	0.35	0.95
Non Currrent Assets Other	0.3	0.45	0.53	0.21	0.5	0.32	0.36	-0.3	0.54	0.29	0.34	0.09	0.42		0.0	0.48	0.41	0.47	-0.49	0.65	-0.18	0.49	0.09	0.58	0.33	0.45
Cash And Short Term Investments	0.55	0.52	0.48	0.33	0.27	0.61	0.53	-0.25	0.39	0.62	0.15	0.9	0.5	0.0		0.47	0.49	0.49	-0.64	0.14	-0.54	0.48	0.46	0.63	0.23	0.55
Net Receivables	0.63	0.84	0.85	0.71	0.82	0.75	0.81	-0.57	0.84	0.74	0.64	0.39	0.83	0.48	0.47		0.84	0.85	-0.76	0.66	-0.42	0.87	0.75	0.84	0.51	0.85
Common Stock Total Equity	0.66	0.95	0.97	0.41	0.66	0.91	0.96	-0.45	0.96	0.9	0.49	0.44	0.95	0.41	0.49	0.84		0.96	-0.82	0.49	-0.5	0.96	0.69	0.74	0.39	0.99
Non Current Liabilities Total	0.66	1.0	1.0	0.45	0.72	0.96	0.99	-0.56	0.99	0.95	0.66	0.45	0.99	0.47	0.49	0.85	0.96		-0.81	0.56	-0.68	1.0	0.69	0.79	0.34	0.96
Inventory	-0.67	-0.8	-0.81	-0.55	-0.47	-0.78	-0.79	0.45	-0.78	-0.76	-0.31	-0.64	-0.79	-0.49	-0.64	-0.76	-0.82	-0.81		-0.51	0.46	-0.8	-0.57	-0.76	-0.28	-0.87
Other Current Assets	0.37	0.52	0.57	0.54	0.46	0.41	0.45	-0.45	0.58	0.39	0.52	0.16	0.49	0.65	0.14	0.66	0.49	0.56	-0.51		-0.26	0.56	0.37	0.82	0.1	0.52
Other Stockholder Equity	-0.53	-0.71	-0.65	-0.24	-0.5	-0.79	-0.7	0.58	-0.62	-0.8	-0.68	-0.44	-0.71	-0.18	-0.54	-0.42	-0.5	-0.68	0.46	-0.26		-0.68	-0.53	-0.54	-0.19	-0.52
Total Liab	0.65	1.0	1.0	0.47	0.76	0.96	0.98	-0.57	0.99	0.95	0.69	0.44	0.99	0.49	0.48	0.87	0.96	1.0	-0.8	0.56	-0.68		0.7	0.79	0.38	0.96
Property Plant And Equipment Gross	0.85	0.7	0.68	0.46	0.62	0.68	0.7	-0.59	0.67	0.68	0.52	0.15	0.69	0.09	0.46	0.75	0.69	0.69	-0.57	0.37	-0.53	0.7		0.61	0.61	0.7
Total Current Assets	0.67	0.78	0.8	0.57	0.62	0.71	0.72	-0.53	0.76	0.71	0.54	0.55	0.74	0.58	0.63	0.84	0.74	0.79	-0.76	0.82	-0.54	0.79	0.61		0.36	0.78
Short Term Debt	0.57	0.36	0.4	0.13	0.68	0.29	0.32	-0.29	0.4	0.29	0.17	-0.03	0.35	0.33	0.23	0.51	0.39	0.34	-0.28	0.1	-0.19	0.38	0.61	0.36		0.39
Common Stock	0.72	0.96	0.97	0.43	0.64	0.92	0.95	-0.46	0.96	0.91	0.49	0.49	0.95	0.45	0.55	0.85	0.99	0.96	-0.87	0.52	-0.52	0.96	0.7	0.78	0.39

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Canadian Utilities Account Relationship Matchups

Canadian Utilities fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	273.2M	273.3M	270.3M	269.7M	270.3M	284.8M
Total Assets	20.0B	20.3B	21.1B	22.0B	23.2B	13.9B
Short Long Term Debt Total	9.0B	9.1B	9.6B	9.6B	10.6B	6.2B
Other Current Liab	23M	99M	120M	203M	63M	52.6M
Total Current Liabilities	739M	856M	1.4B	1.3B	1.4B	859.1M
Total Stockholder Equity	6.7B	6.6B	6.6B	6.9B	6.9B	4.7B
Property Plant And Equipment Net	17.3B	17.6B	18.1B	18.6B	19.9B	11.5B
Current Deferred Revenue	(536M)	(549M)	(739M)	(989M)	(890.1M)	(845.6M)
Net Debt	8.1B	8.3B	8.8B	8.9B	10.4B	5.6B
Retained Earnings	4.1B	3.9B	3.9B	3.9B	4.1B	2.9B
Accounts Payable	536M	549M	739M	989M	820M	624.7M
Cash	973M	776M	746M	698M	207M	196.7M
Non Current Assets Total	18.3B	18.7B	19.3B	20.1B	21.7B	12.5B
Non Currrent Assets Other	222M	225M	322M	379M	131M	124.5M
Cash And Short Term Investments	973M	776M	746M	698M	407M	578.6M
Net Receivables	631M	658M	769M	884M	755M	573.4M
Common Stock Total Equity	1.2B	1.2B	1.2B	1.2B	1.4B	795.2M
Liabilities And Stockholders Equity	20.0B	20.3B	21.1B	22.0B	23.2B	13.9B
Non Current Liabilities Total	12.4B	12.6B	12.8B	13.6B	14.6B	8.3B
Inventory	30M	28M	21M	24M	64M	66.4M
Other Current Assets	152M	184M	376M	522M	211M	172.5M
Other Stockholder Equity	37M	24M	22M	23M	14M	13.3M
Total Liab	13.1B	13.5B	14.3B	14.9B	16.0B	9.1B
Property Plant And Equipment Gross	17.3B	17.6B	24.3B	25.3B	27.1B	28.4B
Total Current Assets	1.7B	1.6B	1.7B	1.9B	1.4B	1.4B
Accumulated Other Comprehensive Income	(47M)	(30M)	(22M)	126M	(1M)	(1.1M)
Short Term Debt	167M	178M	554M	113M	536M	562.8M
Common Stock	1.2B	1.2B	1.2B	1.2B	1.3B	861.2M
Other Assets	283M	297M	347M	267M	307.1M	602.2M
Intangible Assets	629M	656M	726M	819M	976M	579.1M
Other Liab	3.5B	3.7B	3.8B	4.1B	4.7B	3.8B
Net Tangible Assets	4.6B	4.5B	4.3B	4.5B	5.2B	4.6B
Long Term Debt	8.8B	8.9B	9.0B	9.4B	10.0B	9.5B
Long Term Investments	144M	165M	204M	237M	232M	199.9M
Short Long Term Debt	158M	169M	540M	106M	528M	644.4M
Property Plant Equipment	17.3B	17.6B	18.1B	1.8B	1.6B	1.5B
Long Term Debt Total	8.9B	8.9B	9.0B	9.5B	10.9B	10.1B
Non Current Liabilities Other	106M	115M	88M	132M	175M	125.7M

Pair Trading with Canadian Utilities

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

The ability to find closely correlated positions to Canadian Utilities 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 Utilities 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 Utilities - 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 Utilities Limited to buy it.

The correlation of Canadian Utilities 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 Utilities moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canadian Utilities 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 Utilities 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 Utilities at a specified time, usually calculated after every quarter, six months, or one year. Canadian Utilities Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Canadian Utilities 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 Total Current Liabilities vs Common Stock Shares Outstanding Analysis

Total Current Liabilities vs Common Stock Shares Outstanding

Total Current Liabilities vs Common Stock Shares Outstanding Correlation Analysis

Correlation Coefficient

Total Current Liabilities

Common Stock Shares Outstanding

Canadian Utilities fundamental ratios Correlations

Canadian Utilities Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Canadian Utilities fundamental ratios Accounts

Pair Trading with Canadian Utilities

Other Information on Investing in Canadian Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Non Current Liabilities Total	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Total Liab	+ 1.0	Short Long Term Debt Total

Common Stock	- 0.87	Inventory
Inventory	- 0.82	Common Stock Total Equity
Inventory	- 0.81	Non Current Liabilities Total
Inventory	- 0.81	Short Long Term Debt Total
Total Liab	- 0.8	Inventory
Other Stockholder Equity	- 0.8	Retained Earnings