Canopy Historical Cash Flow

WEED Stock  CAD 4.50  0.13  2.81%   
Analysis of Canopy Growth cash flow over time is an excellent tool to project Canopy Growth Corp future capital expenditures as well as to predict the amount of cash needed to cover cost of sales, R&D expenses or production expansions. Investors should almost always look for trends in cash flow indicators such as Change In Cash of 3.7 M or Stock Based Compensation of 13.5 M as it is a great indicator of Canopy Growth ability to facilitate future growth, repay debt on time or pay out dividends.
 
Covid
Financial Statement Analysis is much more than just reviewing and examining Canopy Growth Corp latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Canopy Growth Corp is a good buy for the upcoming year.
  
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Canopy Growth Corp. 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.

About Canopy Cash Flow Analysis

The Cash Flow Statement is a financial statement that shows how changes in Canopy balance sheet and income statement accounts affect cash and cash equivalents. It breaks the analysis down to operating, investing, and financing activities. One of the most critical aspects of the cash flow statement is liquidity, which is the degree to which Canopy's non-liquid assets can be easily converted into cash.

Canopy Growth Cash Flow Chart

Canopy Growth reported last year Change In Cash of (506.71 Million). As of the 13th of December 2024, Capital Expenditures is likely to grow to about 11.2 M, while Stock Based Compensation is likely to drop about 13.5 M.

Stock Based Compensation

Compensation provided to employees in the form of equity or options to purchase company stock. This type of compensation is used to align the interests of employees and shareholders.

Begin Period Cash Flow

The amount of cash a company has at the beginning of a financial reporting period. It serves as the starting point for calculating the period's cash flow from operations, investing, and financing activities.
Most accounts from Canopy Growth's cash flow statement are interrelated and interconnected. However, analyzing cash flow statement accounts one by one will only give a small insight into Canopy Growth Corp current financial condition. On the other hand, looking into the entire matrix of cash flow statement accounts, 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 Current Watchlist to better understand how to build diversified portfolios, which includes a position in Canopy Growth Corp. 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.
Canopy Growth reported last year Change In Cash of (506.71 Million). As of the 13th of December 2024, Capital Expenditures is likely to grow to about 11.2 M, while Stock Based Compensation is likely to drop about 13.5 M.
 2020 2021 2022 2023 (projected)
Begin Period Cash Flow1.3B1.2B776.0M677.0M
End Period Cash Flow1.2B776.0M677.0M170.3M

Canopy Growth cash flow statement Correlations

0.21-0.07-0.40.260.130.47-0.48-0.11-0.30.88-0.240.49-0.940.43-0.080.87-0.820.49
0.21-0.94-0.80.99-0.320.880.670.090.570.62-0.740.36-0.35-0.590.570.34-0.7-0.23
-0.07-0.940.61-0.90.54-0.89-0.81-0.28-0.77-0.50.54-0.350.250.53-0.53-0.180.540.52
-0.4-0.80.61-0.840.03-0.61-0.230.03-0.05-0.670.96-0.320.520.48-0.55-0.610.74-0.11
0.260.99-0.9-0.84-0.260.860.60.040.480.65-0.790.35-0.39-0.610.570.4-0.73-0.13
0.13-0.320.540.03-0.26-0.46-0.58-0.93-0.69-0.050.04-0.290.10.17-0.420.00.00.61
0.470.88-0.89-0.610.86-0.460.540.210.640.8-0.480.63-0.62-0.20.480.51-0.82-0.26
-0.480.67-0.81-0.230.6-0.580.540.320.92-0.05-0.250.160.28-0.620.56-0.32-0.03-0.72
-0.110.09-0.280.030.04-0.930.210.320.41-0.07-0.020.21-0.1-0.070.360.050.13-0.46
-0.30.57-0.77-0.050.48-0.690.640.920.410.06-0.010.370.08-0.330.49-0.2-0.1-0.77
0.880.62-0.5-0.670.65-0.050.8-0.05-0.070.06-0.50.57-0.910.120.170.84-0.970.23
-0.24-0.740.540.96-0.790.04-0.48-0.25-0.02-0.01-0.5-0.190.360.62-0.59-0.50.59-0.16
0.490.36-0.35-0.320.35-0.290.630.160.210.370.57-0.19-0.630.230.660.63-0.62-0.11
-0.94-0.350.250.52-0.390.1-0.620.28-0.10.08-0.910.36-0.63-0.3-0.15-0.950.85-0.29
0.43-0.590.530.48-0.610.17-0.2-0.62-0.07-0.330.120.620.23-0.3-0.470.14-0.020.18
-0.080.57-0.53-0.550.57-0.420.480.560.360.490.17-0.590.66-0.15-0.470.29-0.31-0.27
0.870.34-0.18-0.610.40.00.51-0.320.05-0.20.84-0.50.63-0.950.140.29-0.810.41
-0.82-0.70.540.74-0.730.0-0.82-0.030.13-0.1-0.970.59-0.620.85-0.02-0.31-0.81-0.27
0.49-0.230.52-0.11-0.130.61-0.26-0.72-0.46-0.770.23-0.16-0.11-0.290.18-0.270.41-0.27
Click cells to compare fundamentals

Canopy Growth Account Relationship Matchups

Canopy Growth cash flow statement Accounts

201920202021202220232024 (projected)
Change In Cash2.2B(1.2B)(148.5M)(378.6M)(99.0M)(506.7M)
Stock Based Compensation320.3M91.1M46.7M25.3M14.2M13.5M
Free Cash Flow(1.5B)(639.9M)(593.9M)(568.1M)(285.9M)(300.2M)
Change In Working Capital(203.8M)(4.3M)165.6M65.8M(38.7M)(36.8M)
Other Cashflows From Financing Activities28.9M43.0M387.2M2.5M(37.7M)(36.3M)
Capital Expenditures682.7M721.9M174.1M48.1M10.6M4.0M
Total Cash From Operating Activities(520.5M)(772.6M)(465.7M)(545.8M)(557.5M)(282.0M)
Net Income(670.1M)(1.4B)(1.7B)(320.5M)(3.3B)(483.7M)
Total Cash From Financing Activities5.8B(57.2M)1.3B(45.5M)(19.7M)(465.1M)
End Period Cash Flow2.5B1.3B1.2B776.0M677.0M170.3M
Begin Period Cash Flow322.6M2.5B1.3B1.2B776.0M677.0M
Other Non Cash Items494.9M1.0B(543.9M)2.6B160.7M152.7M
Depreciation46.9M125.0M127.1M114.4M84.5M53.2M
Sale Purchase Of Stock5.3B43.0M403.5M8.3M1.3M23.8M
Change To Inventory(144.9M)(177.1M)17.2M173.2M55.6M1.0M
Net Borrowings595.3M(100.2M)877.5M(50.8M)2.1M2.0M
Total Cashflows From Investing Activities(3.2B)(347.7M)(884.1M)230.8M433.4M(12.6M)
Change To Account Receivables(67.7M)21.0M(12.0M)13.6M(9.9M)(3.7M)
Change To Operating Activities13.3M(192.2M)77K24.5M(99.0K)(104.0K)
Change To Netincome284.1M792.8M1.1B(523.6M)3.7M3.5M
Change To Liabilities69.5M(20.8M)16.5M(35.8M)(801.9K)(761.8K)
Investments(347.7M)(497.6M)166.6M433.4M241.6M253.7M
Issuance Of Capital Stock1.2M1.4M2.7M1.0M81.1M77.0M

Pair Trading with Canopy Growth

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

Moving against Canopy Stock

  0.66MATE Blockmate VenturesPairCorr
  0.51LQWD LQwD FinTech CorpPairCorr
The ability to find closely correlated positions to Canopy Growth could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canopy Growth 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 Canopy Growth - 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 Canopy Growth Corp to buy it.
The correlation of Canopy Growth 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 Canopy Growth moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canopy Growth Corp 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 Canopy Growth 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 CorrelationCorrelation Matching
When determining whether Canopy Growth Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Canopy Growth's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Canopy Growth Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Canopy Growth Corp Stock:
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Canopy Growth Corp. 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.
You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
Please note, there is a significant difference between Canopy Growth's value and its price as these two are different measures arrived at by different means. Investors typically determine if Canopy Growth is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Canopy Growth's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.