CGX Property Plant And Equipment Net vs Short Term Investments 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 Property Plant And Equipment Net and its Short Term Investments 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.

Property Plant And Equipment Net vs Short Term Investments

Property Plant And Equipment Net vs Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of CGX Energy Property Plant And Equipment Net account and Short Term Investments. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between CGX Energy's Property Plant And Equipment Net and Short Term Investments is -0.13. Overlapping area represents the amount of variation of Property Plant And Equipment Net that can explain the historical movement of Short Term Investments 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 Property Plant And Equipment Net and Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant And Equipment Net of CGX Energy are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Property Plant And Equipment Net i.e., CGX Energy's Property Plant And Equipment Net and Short Term Investments go up and down completely randomly.

Correlation Coefficient

-0.13
Relationship DirectionNegative 
Relationship StrengthInsignificant

Property Plant And Equipment Net

The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.

Short Term Investments

Short Term Investments is an item under the current assets section of CGX Energy balance sheet. It contains any investments CGX Energy undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that CGX Energy can easily liquidate in the marketplace.
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

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