Canopy Historical Balance Sheet
WEED Stock | CAD 4.50 0.13 2.81% |
Trend analysis of Canopy Growth Corp balance sheet accounts such as Total Assets of 26 M, Other Current Liab of 79.9 M, Total Current Liabilities of 2.7 M or Total Stockholder Equity of 21.7 M provides information on Canopy Growth's total assets, liabilities, and equity, which is the actual value of Canopy Growth Corp to its prevalent stockholders. By breaking down trends over time using Canopy Growth balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
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.
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About Canopy Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of Canopy Growth Corp at a specified time, usually calculated after every quarter, six months, or one year. Canopy Growth Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Canopy Growth 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 Canopy currently owns. An asset can also be divided into two categories, current and non-current.
Canopy Growth Balance Sheet Chart
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Total Current Liabilities
Total Current Liabilities is an item on Canopy Growth balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Canopy Growth Corp 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.Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.Short Term Investments
Short Term Investments is an item under the current assets section of Canopy Growth balance sheet. It contains any investments Canopy Growth Corp undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Canopy Growth Corp can easily liquidate in the marketplace.Common Stock Total Equity
The total value of common stock equity held by shareholders, representing their ownership interest in the company.Most accounts from Canopy Growth's balance sheet are interrelated and interconnected. However, analyzing balance sheet 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 balance sheet 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. At this time, Canopy Growth's Short and Long Term Debt Total is very stable compared to the past year. As of the 13th of December 2024, Property Plant And Equipment Net is likely to grow to about 592.1 M, while Total Assets are likely to drop about 26 M.
2021 | 2022 | 2023 (projected) | Other Current Liabilities | 139.3M | 181.0M | 76.4M | Total Assets | 5.6B | 2.4B | 1.3B |
Canopy Growth balance sheet Correlations
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Canopy Growth Account Relationship Matchups
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Canopy Growth balance sheet Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 8.7B | 6.9B | 6.8B | 5.6B | 2.4B | 1.3B | |
Other Current Liab | 240.4M | 207.2M | 139.3M | 181.0M | 76.4M | 79.9M | |
Total Current Liabilities | 411.7M | 420.6M | 284.3M | 212.9M | 803.8M | 234.7M | |
Total Stockholder Equity | 7.0B | 4.9B | 3.5B | 3.6B | 758.4M | 500.4M | |
Net Debt | (677.4M) | 428.3M | 725.0M | 629.9M | 497.7M | 522.6M | |
Retained Earnings | (777.1M) | (4.3B) | (6.1B) | (6.4B) | (9.7B) | (10.3B) | |
Cash | 2.5B | 1.3B | 1.2B | 776.0M | 677.0M | 170.3M | |
Cash And Short Term Investments | 2.0B | 2.3B | 1.4B | 782.6M | 205.8M | 195.5M | |
Common Stock Shares Outstanding | 34.8M | 371.7M | 391.3M | 46.4M | 74.8M | 122.0M | |
Short Term Investments | 673.3M | 1.1B | 595.7M | 105.6M | 33.2M | 31.5M | |
Liabilities And Stockholders Equity | 6.9B | 6.8B | 5.6B | 2.4B | 1.3B | 2.5B | |
Other Current Assets | 64.4M | 92.9M | 19.1M | 19.1M | 139.9M | 38.6M | |
Other Stockholder Equity | 1.6B | 2.6B | 2.4B | 2.5B | 2.5B | 2.6B | |
Total Liab | 1.5B | 1.7B | 3.2B | 2.0B | 1.7B | 799.8M | |
Total Current Assets | 5.1B | 2.6B | 2.8B | 1.7B | 1.1B | 371.2M | |
Accounts Payable | 188.9M | 123.4M | 67.3M | 64.3M | 31.8M | 28.7M | |
Non Current Liabilities Total | 1.3B | 2.9B | 1.8B | 875.2M | 565.1M | 790.9M | |
Common Stock | 6.0B | 6.4B | 7.2B | 7.5B | 7.9B | 8.2B | |
Short Long Term Debt Total | 625.8M | 1.6B | 1.5B | 1.3B | 668.0M | 673.0M | |
Property Plant And Equipment Net | 1.5B | 1.1B | 942.8M | 499.5M | 320.1M | 592.1M | |
Non Current Assets Total | 4.3B | 4.0B | 3.9B | 1.4B | 929.2M | 882.7M | |
Accumulated Other Comprehensive Income | 220.9M | (34.2M) | (42.3M) | (13.9M) | (16.1M) | (15.2M) | |
Short Term Debt | 103.7M | 56.7M | 9.8M | 9.3M | 585.3M | 119.1M | |
Intangible Assets | 519.6M | 476.4M | 308.2M | 252.7M | 188.7M | 104.1M | |
Net Tangible Assets | 4.7B | 2.5B | 1.3B | 1.5B | 24.9M | 23.6M | |
Long Term Debt | 842.3M | 449.0M | 1.6B | 1.5B | 750.0M | 493.3M | |
Net Receivables | 107.0M | 90.2M | 92.4M | 96.4M | 68.5M | 51.8M | |
Inventory | 262.1M | 391.1M | 368.0M | 204.4M | 148.9M | 77.3M | |
Short Long Term Debt | 103.7M | 16.4M | 9.8M | 9.3M | 556.9M | 103.9M | |
Property Plant Equipment | 1.1B | 1.5B | 1.1B | 942.8M | 499.5M | 14.8M | |
Other Liab | 239.1M | 690.2M | 1.3B | 178.8M | 205.7M | 343.6M | |
Current Deferred Revenue | 37.6M | 41.1M | 100.8M | 76.0M | 87.4M | 91.8M | |
Property Plant And Equipment Gross | 1.5B | 1.3B | 1.2B | 499.5M | 418.3M | 712.0M | |
Non Currrent Assets Other | 18.7M | 5.0M | 15.3M | 141K | 325.5M | 341.8M | |
Other Assets | 22.6M | 102.5M | 479.5M | 19.8M | 1.0 | 0.95 | |
Good Will | 2.0B | 1.9B | 1.9B | 85.6M | 43.2M | 41.1M | |
Long Term Debt Total | 500.7M | 1.6B | 1.5B | 789.6M | 908.1M | 831.0M | |
Long Term Investments | 315.1M | 708.3M | 341.7M | 568.3M | 136.2M | 129.4M | |
Non Current Liabilities Other | 440.7M | 613.1M | 135.9M | 124.9M | 16.2M | 15.4M |
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
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.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 Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.