CGX Other Stockholder Equity vs Accounts Payable Analysis

OYL Stock  CAD 0.20  0.01  4.76%   
CGX Energy financial indicator trend analysis is way more than just evaluating CGX Energy prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether CGX Energy is a good investment. Please check the relationship between CGX Energy Other Stockholder Equity and its Accounts Payable accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in CGX Energy. 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.

Other Stockholder Equity vs Accounts Payable

Other Stockholder Equity vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of CGX Energy Other Stockholder Equity account and Accounts Payable. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between CGX Energy's Other Stockholder Equity and Accounts Payable is -0.18. Overlapping area represents the amount of variation of Other Stockholder Equity that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of CGX Energy, assuming nothing else is changed. The correlation between historical values of CGX Energy's Other Stockholder Equity and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Stockholder Equity of CGX Energy are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Other Stockholder Equity i.e., CGX Energy's Other Stockholder Equity and Accounts Payable go up and down completely randomly.

Correlation Coefficient

-0.18
Relationship DirectionNegative 
Relationship StrengthInsignificant

Other Stockholder Equity

Accounts Payable

An accounting item on the balance sheet that represents CGX Energy obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of CGX Energy are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
Most indicators from CGX Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into CGX Energy 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in CGX Energy. 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.
Selling General Administrative is likely to drop to 4,401 in 2024. Issuance Of Capital Stock is expected to grow at the current pace this year
 2021 2022 2023 2024 (projected)
Other Operating Expenses6.7M6.9M2.6K2.5K
Interest Expense1.9M4.2M567.3K539.0K

CGX Energy fundamental ratios Correlations

0.10.890.810.080.810.620.290.090.720.10.860.450.20.21-0.70.180.80.790.260.120.51-0.520.630.10.27
0.1-0.330.27-0.560.270.39-0.25-0.09-0.171.0-0.180.46-0.1-0.020.520.95-0.25-0.23-0.43-0.63-0.440.360.270.55-0.01
0.89-0.330.720.280.720.420.350.130.72-0.340.880.190.310.19-0.86-0.210.850.820.40.340.73-0.690.49-0.120.32
0.810.270.72-0.31.00.740.080.110.270.260.50.550.50.19-0.310.410.410.37-0.13-0.170.65-0.620.810.320.54
0.08-0.560.28-0.3-0.3-0.260.430.020.48-0.580.4-0.79-0.33-0.2-0.51-0.650.450.480.930.850.19-0.31-0.14-0.65-0.5
0.810.270.721.0-0.30.740.080.110.270.260.50.550.50.19-0.310.410.410.37-0.13-0.170.65-0.620.810.320.54
0.620.390.420.74-0.260.74-0.130.420.020.380.260.510.340.47-0.040.480.120.1-0.13-0.230.53-0.480.870.330.5
0.29-0.250.350.080.430.08-0.13-0.130.47-0.250.38-0.19-0.2-0.1-0.45-0.20.410.430.310.650.23-0.33-0.02-0.44-0.31
0.09-0.090.130.110.020.110.42-0.13-0.09-0.110.040.050.650.91-0.030.03-0.07-0.070.11-0.050.33-0.410.30.170.26
0.72-0.170.720.270.480.270.020.47-0.09-0.180.940.0-0.20.0-0.88-0.180.960.970.60.410.1-0.15-0.02-0.3-0.22
0.11.0-0.340.26-0.580.260.38-0.25-0.11-0.18-0.190.48-0.11-0.020.520.95-0.25-0.24-0.45-0.64-0.450.370.250.560.01
0.86-0.180.880.50.40.50.260.380.040.94-0.190.090.010.12-0.92-0.140.990.980.570.330.37-0.380.23-0.150.07
0.450.460.190.55-0.790.550.51-0.190.050.00.480.090.310.340.040.550.030.02-0.67-0.60.040.080.40.570.5
0.2-0.10.310.5-0.330.50.34-0.20.65-0.2-0.110.010.310.59-0.040.11-0.07-0.11-0.17-0.320.55-0.550.460.40.64
0.21-0.020.190.19-0.20.190.47-0.10.910.0-0.020.120.340.59-0.110.120.020.02-0.11-0.170.24-0.280.240.230.33
-0.70.52-0.86-0.31-0.51-0.31-0.04-0.45-0.03-0.880.52-0.920.04-0.04-0.110.45-0.94-0.94-0.61-0.48-0.440.4-0.050.31-0.07
0.180.95-0.210.41-0.650.410.48-0.20.03-0.180.95-0.140.550.110.120.45-0.22-0.22-0.48-0.7-0.280.220.360.590.19
0.8-0.250.850.410.450.410.120.41-0.070.96-0.250.990.03-0.070.02-0.94-0.221.00.60.380.31-0.30.1-0.20.0
0.79-0.230.820.370.480.370.10.43-0.070.97-0.240.980.02-0.110.02-0.94-0.221.00.620.40.26-0.270.09-0.22-0.06
0.26-0.430.4-0.130.93-0.13-0.130.310.110.6-0.450.57-0.67-0.17-0.11-0.61-0.480.60.620.640.22-0.32-0.02-0.44-0.32
0.12-0.630.34-0.170.85-0.17-0.230.65-0.050.41-0.640.33-0.6-0.32-0.17-0.48-0.70.380.40.640.31-0.45-0.07-0.73-0.53
0.51-0.440.730.650.190.650.530.230.330.1-0.450.370.040.550.24-0.44-0.280.310.260.220.31-0.920.7-0.050.55
-0.520.36-0.69-0.62-0.31-0.62-0.48-0.33-0.41-0.150.37-0.380.08-0.55-0.280.40.22-0.3-0.27-0.32-0.45-0.92-0.70.12-0.31
0.630.270.490.81-0.140.810.87-0.020.3-0.020.250.230.40.460.24-0.050.360.10.09-0.02-0.070.7-0.70.320.49
0.10.55-0.120.32-0.650.320.33-0.440.17-0.30.56-0.150.570.40.230.310.59-0.2-0.22-0.44-0.73-0.050.120.320.64
0.27-0.010.320.54-0.50.540.5-0.310.26-0.220.010.070.50.640.33-0.070.190.0-0.06-0.32-0.530.55-0.310.490.64
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CGX Energy Account Relationship Matchups

CGX Energy fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets39.9M39.2M134.1M93.0M84.9M48.8M
Total Current Liabilities17.1M14.6M60.4M27.7M21.2M17.1M
Total Stockholder Equity18.1M24.6M73.6M65.3M63.4M66.6M
Property Plant And Equipment Net23.9M27.0M104.8M68.0M76.3M80.1M
Retained Earnings(292.4M)(297.9M)(310.6M)(320.6M)(323.8M)(307.6M)
Non Current Assets Total23.9M27.0M104.8M68.0M76.3M80.1M
Net Receivables41.0K221.3K8.6M5.8M1.5M978.0K
Common Stock Shares Outstanding110.6K230.3K272.7K334.5K338.2K321.3K
Liabilities And Stockholders Equity39.9M39.2M134.1M93.0M84.9M48.8M
Other Current Assets162.87311.7711.3K6.9M700.4K665.4K
Other Stockholder Equity23.2M26.0M28.1M29.8M(0.08)(0.076)
Total Liab21.8M14.6M60.4M27.7M21.5M17.4M
Total Current Assets16.0M12.2M29.3M25.0M8.6M16.7M
Common Stock259.0M287.3M296.5M356.0M358.2M198.9M
Other Current Liab13.6K6.4K0.0884.4K796.0K669.4K
Net Debt(15.8M)(11.8M)1.3M(12.4M)(6.4M)(6.7M)
Accounts Payable15.4M14.6M41.9M27.7M20.3M21.2M
Cash15.8M11.8M17.2M12.4M6.4M12.8M
Cash And Short Term Investments15.8M11.8M17.2M12.4M6.4M6.1M
Accumulated Other Comprehensive Income23.2K26.0K28.1K29.9K29.0M30.5M
Net Tangible Assets18.1M24.6M73.6M65.3M75.1M78.9M
Property Plant Equipment23.9M27.0M104.8M68.0M78.2M46.1M
Short Term Debt16.7M24.3M(6.4K)18.5M21.3M13.2M
Net Invested Capital18.1M24.6M92.2M65.3M63.4M42.1M
Net Working Capital(1.1M)(2.4M)(31.1M)(2.6M)(12.5M)(13.2M)

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Additional Tools for CGX Stock Analysis

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