Cannara Long Term Debt vs Capital Stock Analysis

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CAD 0.75 0.05 7.14%

Cannara Biotech financial indicator trend analysis is way more than just evaluating Cannara Biotech prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cannara Biotech is a good investment. Please check the relationship between Cannara Biotech Long Term Debt and its Capital Stock accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Cannara Biotech. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

Long Term Debt vs Capital Stock

Long Term Debt vs Capital Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cannara Biotech Long Term Debt account and Capital Stock. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Cannara Biotech's Long Term Debt and Capital Stock is 0.83. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Capital Stock in the same time period over historical financial statements of Cannara Biotech, assuming nothing else is changed. The correlation between historical values of Cannara Biotech's Long Term Debt and Capital Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of Cannara Biotech are associated (or correlated) with its Capital Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Stock has no effect on the direction of Long Term Debt i.e., Cannara Biotech's Long Term Debt and Capital Stock go up and down completely randomly.

Correlation Coefficient

0.83

Relationship Direction	Positive
Relationship Strength	Strong

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Long Term Debt

Long-term debt is a debt that Cannara Biotech has held for over one year. Long-term debt appears on Cannara Biotech 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 Cannara Biotech 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.

Capital Stock

The total amount of a company's capital funded by shareholders through the issue and subscription of shares.

Most indicators from Cannara Biotech's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cannara Biotech 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Cannara Biotech. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

At this time, Cannara Biotech's Enterprise Value Over EBITDA is fairly stable compared to the past year. Enterprise Value Multiple is likely to climb to 7.13 in 2024, whereas Selling General Administrative is likely to drop slightly above 9.7 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	17.3M	27.2M	31.3M	32.9M
Total Revenue	35.8M	57.3M	65.8M	69.1M

Gross Profit Total Revenue

Cannara Biotech fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Other Assets	Long Term Debt	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Capital Lease Obligations	Other Stockholder Equity	Total Liab	Net Invested Capital	Total Current Assets	Capital Stock	Net Working Capital	Common Stock	Property Plant Equipment	Other Current Liab	Inventory	Other Current Assets	Intangible Assets
Total Assets		0.89	0.99	0.97	-0.75	0.9	-0.51	0.99	-0.5	0.94	0.88	-0.6	0.94	-0.79	0.84	0.97	1.0	0.95	0.96	0.89	0.95	0.98	-0.86	0.87	0.87	-0.87
Total Current Liabilities	0.89		0.87	0.82	-0.58	1.0	-0.64	0.86	-0.48	0.83	0.98	-0.85	0.83	-0.89	0.73	0.87	0.88	0.87	0.83	0.82	0.8	0.83	-0.76	0.99	0.76	-0.77
Total Stockholder Equity	0.99	0.87		0.99	-0.82	0.89	-0.48	0.99	-0.61	0.87	0.84	-0.56	0.88	-0.72	0.9	0.91	0.99	0.9	0.99	0.84	0.98	0.99	-0.88	0.83	0.83	-0.89
Net Tangible Assets	0.97	0.82	0.99		-0.87	0.85	-0.43	0.99	-0.64	0.85	0.79	-0.46	0.85	-0.67	0.93	0.88	0.97	0.85	0.99	0.8	0.99	0.99	-0.89	0.78	0.85	-0.9
Retained Earnings	-0.75	-0.58	-0.82	-0.87		-0.62	0.38	-0.83	0.81	-0.6	-0.54	0.16	-0.6	0.4	-0.95	-0.61	-0.76	-0.52	-0.89	-0.44	-0.91	-0.85	0.92	-0.53	-0.78	0.91
Accounts Payable	0.9	1.0	0.89	0.85	-0.62		-0.62	0.89	-0.51	0.83	0.98	-0.81	0.84	-0.88	0.77	0.87	0.9	0.87	0.86	0.82	0.84	0.86	-0.78	0.98	0.78	-0.79
Cash	-0.51	-0.64	-0.48	-0.43	0.38	-0.62		-0.55	0.14	-0.53	-0.65	0.61	-0.54	0.74	-0.32	-0.55	-0.52	-0.41	-0.49	-0.26	-0.47	-0.52	0.69	-0.7	-0.54	0.7
Non Current Assets Total	0.99	0.86	0.99	0.99	-0.83	0.89	-0.55		-0.57	0.91	0.85	-0.53	0.91	-0.76	0.88	0.94	0.99	0.89	0.99	0.82	0.98	1.0	-0.92	0.84	0.89	-0.92
Other Assets	-0.5	-0.48	-0.61	-0.64	0.81	-0.51	0.14	-0.57		-0.25	-0.36	0.23	-0.26	0.09	-0.87	-0.31	-0.5	-0.32	-0.68	-0.26	-0.69	-0.57	0.66	-0.4	-0.45	0.66
Long Term Debt	0.94	0.83	0.87	0.85	-0.6	0.83	-0.53	0.91	-0.25		0.89	-0.54	1.0	-0.87	0.65	0.99	0.94	0.93	0.83	0.91	0.82	0.9	-0.77	0.84	0.92	-0.78
Net Receivables	0.88	0.98	0.84	0.79	-0.54	0.98	-0.65	0.85	-0.36	0.89		-0.8	0.89	-0.95	0.66	0.9	0.88	0.88	0.8	0.85	0.78	0.82	-0.74	0.99	0.82	-0.76
Common Stock Shares Outstanding	-0.6	-0.85	-0.56	-0.46	0.16	-0.81	0.61	-0.53	0.23	-0.54	-0.8		-0.54	0.73	-0.37	-0.62	-0.59	-0.69	-0.49	-0.63	-0.44	-0.48	0.42	-0.86	-0.36	0.44
Non Current Liabilities Total	0.94	0.83	0.88	0.85	-0.6	0.84	-0.54	0.91	-0.26	1.0	0.89	-0.54		-0.87	0.66	0.99	0.94	0.93	0.84	0.91	0.83	0.9	-0.77	0.84	0.92	-0.78
Capital Lease Obligations	-0.79	-0.89	-0.72	-0.67	0.4	-0.88	0.74	-0.76	0.09	-0.87	-0.95	0.73	-0.87		-0.46	-0.86	-0.8	-0.8	-0.67	-0.76	-0.65	-0.73	0.67	-0.93	-0.78	0.67
Other Stockholder Equity	0.84	0.73	0.9	0.93	-0.95	0.77	-0.32	0.88	-0.87	0.65	0.66	-0.37	0.66	-0.46		0.69	0.84	0.68	0.94	0.61	0.95	0.89	-0.88	0.67	0.76	-0.87
Total Liab	0.97	0.87	0.91	0.88	-0.61	0.87	-0.55	0.94	-0.31	0.99	0.9	-0.62	0.99	-0.86	0.69		0.97	0.97	0.87	0.92	0.86	0.92	-0.79	0.87	0.88	-0.8
Net Invested Capital	1.0	0.88	0.99	0.97	-0.76	0.9	-0.52	0.99	-0.5	0.94	0.88	-0.59	0.94	-0.8	0.84	0.97		0.94	0.96	0.89	0.95	0.98	-0.87	0.87	0.88	-0.87
Total Current Assets	0.95	0.87	0.9	0.85	-0.52	0.87	-0.41	0.89	-0.32	0.93	0.88	-0.69	0.93	-0.8	0.68	0.97	0.94		0.84	0.98	0.82	0.88	-0.67	0.86	0.77	-0.69
Capital Stock	0.96	0.83	0.99	0.99	-0.89	0.86	-0.49	0.99	-0.68	0.83	0.8	-0.49	0.84	-0.67	0.94	0.87	0.96	0.84		0.76	1.0	0.99	-0.93	0.8	0.85	-0.93
Net Working Capital	0.89	0.82	0.84	0.8	-0.44	0.82	-0.26	0.82	-0.26	0.91	0.85	-0.63	0.91	-0.76	0.61	0.92	0.89	0.98	0.76		0.75	0.81	-0.56	0.8	0.73	-0.57
Common Stock	0.95	0.8	0.98	0.99	-0.91	0.84	-0.47	0.98	-0.69	0.82	0.78	-0.44	0.83	-0.65	0.95	0.86	0.95	0.82	1.0	0.75		0.99	-0.93	0.77	0.85	-0.93
Property Plant Equipment	0.98	0.83	0.99	0.99	-0.85	0.86	-0.52	1.0	-0.57	0.9	0.82	-0.48	0.9	-0.73	0.89	0.92	0.98	0.88	0.99	0.81	0.99		-0.92	0.81	0.89	-0.92
Other Current Liab	-0.86	-0.76	-0.88	-0.89	0.92	-0.78	0.69	-0.92	0.66	-0.77	-0.74	0.42	-0.77	0.67	-0.88	-0.79	-0.87	-0.67	-0.93	-0.56	-0.93	-0.92		-0.75	-0.88	1.0
Inventory	0.87	0.99	0.83	0.78	-0.53	0.98	-0.7	0.84	-0.4	0.84	0.99	-0.86	0.84	-0.93	0.67	0.87	0.87	0.86	0.8	0.8	0.77	0.81	-0.75		0.77	-0.76
Other Current Assets	0.87	0.76	0.83	0.85	-0.78	0.78	-0.54	0.89	-0.45	0.92	0.82	-0.36	0.92	-0.78	0.76	0.88	0.88	0.77	0.85	0.73	0.85	0.89	-0.88	0.77		-0.88
Intangible Assets	-0.87	-0.77	-0.89	-0.9	0.91	-0.79	0.7	-0.92	0.66	-0.78	-0.76	0.44	-0.78	0.67	-0.87	-0.8	-0.87	-0.69	-0.93	-0.57	-0.93	-0.92	1.0	-0.76	-0.88

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Cannara Biotech Account Relationship Matchups

Cannara Biotech fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	54.9M	92.0M	125.6M	141.5M	162.8M	93.7M
Total Current Liabilities	3.5M	6.8M	11.9M	21.2M	24.4M	25.6M
Total Stockholder Equity	38.4M	64.1M	66.7M	79.7M	91.7M	57.0M
Net Tangible Assets	46.9M	38.2M	64.1M	66.7M	76.7M	50.7M
Retained Earnings	(27.1M)	(28.6M)	(26.3M)	(19.3M)	(17.4M)	(18.3M)
Accounts Payable	2.8M	6.2M	8.8M	13.9M	16.0M	16.8M
Cash	7.8M	8.2M	12.1M	4.3M	3.8M	3.7M
Non Current Assets Total	44.3M	72.8M	84.6M	89.8M	103.3M	63.7M
Other Assets	733.8K	514.2K	1.0M	1.2M	1.1M	808.0K
Long Term Debt	12.0M	20.2M	46.2M	39.6M	45.6M	26.2M
Net Receivables	26.4K	2.8M	8.5M	10.6M	12.2M	12.8M
Common Stock Shares Outstanding	737.7M	876.5M	877.0M	90.3M	81.3M	77.2M
Non Current Liabilities Total	13.0M	21.1M	47.0M	40.6M	46.7M	27.1M
Capital Lease Obligations	651.8K	442.5K	236.7K	176.0K	158.4K	150.5K
Other Stockholder Equity	(10.1K)	45.7K	100.1K	15.1K	17.4K	18.3K
Total Liab	16.5M	27.9M	58.9M	61.8M	71.0M	36.2M
Net Invested Capital	50.6M	84.6M	114.9M	125.4M	144.2M	84.8M
Total Current Assets	10.5M	19.2M	41.0M	51.7M	59.5M	30.0M
Capital Stock	58.4M	83.2M	83.3M	88.8M	102.1M	70.5M
Net Working Capital	7.1M	12.4M	29.1M	30.5M	35.1M	20.9M
Common Stock	54.9M	58.4M	83.2M	83.3M	95.8M	65.4M
Property Plant Equipment	39.3M	43.6M	71.7M	83.4M	95.9M	55.4M
Inventory	2.2M	7.4M	19.0M	33.8M	38.8M	40.8M

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