Cargojet Historical Balance Sheet

CJT Stock

CAD 121.54 1.61 1.31%

Trend analysis of Cargojet balance sheet accounts such as Short Long Term Debt Total of 839.2 M, Other Current Liabilities of 6 M or Total Current Liabilities of 195.6 M provides information on Cargojet's total assets, liabilities, and equity, which is the actual value of Cargojet to its prevalent stockholders. By breaking down trends over time using Cargojet 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.

Cash Flow Balance Sheet Income Statement

Housing Crash

Credit Downgrade

Yuan Drop

Covid

Financial Statement Analysis is much more than just reviewing and examining Cargojet 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 Cargojet is a good buy for the upcoming year.

Cargojet Inventory

1.49 Million

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cargojet. 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 Cargojet Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of Cargojet at a specified time, usually calculated after every quarter, six months, or one year. Cargojet Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Cargojet 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 Cargojet currently owns. An asset can also be divided into two categories, current and non-current.

Cargojet Balance Sheet Chart

At this time, Cargojet's Retained Earnings are very stable compared to the past year. As of the 26th of November 2024, Accounts Payable is likely to grow to about 154.3 M, while Other Current Liabilities is likely to drop about 6 M.

Total Assets Short Long Term Debt Total Other Current Liab Total Current Liabilities

Add Fundamental

Total Assets

Total assets refers to the total amount of Cargojet assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Cargojet books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Total Current Liabilities

Total Current Liabilities is an item on Cargojet balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Cargojet 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.

Most accounts from Cargojet's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Cargojet 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Cargojet. 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.

	2021	2022	2023	2024 (projected)
Short and Long Term Debt Total	398.6M	707M	799.2M	839.2M
Total Assets	1.5B	2.0B	2.0B	2.1B

Short Long Term Debt Total Total Assets

Cargojet balance sheet Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Intangible Assets	Common Stock	Current Deferred Revenue	Short Term Debt
Total Assets		0.91	0.61	0.92	0.94	1.0	0.83	0.66	0.96	0.3	1.0	0.3	0.96	0.82	0.96	0.86	0.98	0.81	0.77	0.97	0.99	0.9	-0.25	0.96	0.01	0.35
Short Long Term Debt Total	0.91		0.64	0.92	0.75	0.92	0.98	0.47	0.85	0.03	0.92	0.03	0.89	0.72	0.9	0.78	0.96	0.7	0.7	0.96	0.86	0.77	-0.32	0.78	0.22	0.53
Other Current Liab	0.61	0.64		0.54	0.51	0.63	0.67	0.37	0.48	-0.21	0.64	-0.21	0.53	0.37	0.53	0.72	0.64	0.8	0.2	0.63	0.57	0.3	0.09	0.51	0.05	0.29
Total Current Liabilities	0.92	0.92	0.54		0.77	0.92	0.84	0.44	0.89	0.27	0.92	0.27	0.85	0.78	0.94	0.78	0.95	0.65	0.79	0.96	0.87	0.81	-0.27	0.81	0.13	0.64
Total Stockholder Equity	0.94	0.75	0.51	0.77		0.93	0.64	0.82	0.92	0.41	0.93	0.41	0.94	0.79	0.85	0.79	0.85	0.81	0.72	0.84	0.98	0.9	-0.18	0.98	-0.12	0.07
Property Plant And Equipment Net	1.0	0.92	0.63	0.92	0.93		0.85	0.64	0.94	0.27	1.0	0.27	0.96	0.79	0.96	0.88	0.98	0.82	0.74	0.98	0.98	0.88	-0.27	0.95	0.04	0.38
Net Debt	0.83	0.98	0.67	0.84	0.64	0.85		0.4	0.76	-0.19	0.84	-0.19	0.84	0.63	0.82	0.72	0.91	0.64	0.61	0.9	0.77	0.68	-0.33	0.67	0.25	0.5
Retained Earnings	0.66	0.47	0.37	0.44	0.82	0.64	0.4		0.75	0.26	0.65	0.26	0.76	0.67	0.48	0.41	0.52	0.57	0.6	0.51	0.75	0.68	-0.03	0.7	-0.23	-0.37
Accounts Payable	0.96	0.85	0.48	0.89	0.92	0.94	0.76	0.75		0.33	0.94	0.33	0.96	0.91	0.89	0.7	0.91	0.68	0.91	0.92	0.97	0.96	-0.23	0.91	-0.05	0.22
Cash	0.3	0.03	-0.21	0.27	0.41	0.27	-0.19	0.26	0.33		0.28	1.0	0.19	0.35	0.32	0.22	0.18	0.22	0.32	0.2	0.33	0.38	0.04	0.43	-0.13	0.08
Non Current Assets Total	1.0	0.92	0.64	0.92	0.93	1.0	0.84	0.65	0.94	0.28		0.28	0.95	0.79	0.96	0.88	0.98	0.83	0.74	0.98	0.98	0.88	-0.25	0.96	0.02	0.37
Cash And Short Term Investments	0.3	0.03	-0.21	0.27	0.41	0.27	-0.19	0.26	0.33	1.0	0.28		0.19	0.35	0.32	0.22	0.18	0.22	0.32	0.2	0.33	0.38	0.04	0.43	-0.13	0.08
Net Receivables	0.96	0.89	0.53	0.85	0.94	0.96	0.84	0.76	0.96	0.19	0.95	0.19		0.84	0.89	0.76	0.92	0.74	0.81	0.92	0.97	0.94	-0.26	0.92	0.0	0.18
Good Will	0.82	0.72	0.37	0.78	0.79	0.79	0.63	0.67	0.91	0.35	0.79	0.35	0.84		0.78	0.58	0.78	0.6	0.92	0.78	0.83	0.9	-0.16	0.76	-0.07	0.14
Common Stock Total Equity	0.96	0.9	0.53	0.94	0.85	0.96	0.82	0.48	0.89	0.32	0.96	0.32	0.89	0.78		0.85	0.96	0.78	0.74	0.97	0.92	0.86	-0.26	0.91	-0.02	0.52
Common Stock Shares Outstanding	0.86	0.78	0.72	0.78	0.79	0.88	0.72	0.41	0.7	0.22	0.88	0.22	0.76	0.58	0.85		0.86	0.9	0.41	0.85	0.83	0.64	-0.2	0.86	0.11	0.48
Non Current Liabilities Total	0.98	0.96	0.64	0.95	0.85	0.98	0.91	0.52	0.91	0.18	0.98	0.18	0.92	0.78	0.96	0.86		0.77	0.74	1.0	0.94	0.85	-0.29	0.89	0.09	0.49
Inventory	0.81	0.7	0.8	0.65	0.81	0.82	0.64	0.57	0.68	0.22	0.83	0.22	0.74	0.6	0.78	0.9	0.77		0.38	0.76	0.8	0.59	-0.05	0.82	-0.13	0.23
Other Current Assets	0.77	0.7	0.2	0.79	0.72	0.74	0.61	0.6	0.91	0.32	0.74	0.32	0.81	0.92	0.74	0.41	0.74	0.38		0.75	0.78	0.91	-0.15	0.7	-0.09	0.17
Total Liab	0.97	0.96	0.63	0.96	0.84	0.98	0.9	0.51	0.92	0.2	0.98	0.2	0.92	0.78	0.97	0.85	1.0	0.76	0.75		0.93	0.85	-0.29	0.88	0.09	0.52
Property Plant And Equipment Gross	0.99	0.86	0.57	0.87	0.98	0.98	0.77	0.75	0.97	0.33	0.98	0.33	0.97	0.83	0.92	0.83	0.94	0.8	0.78	0.93		0.92	-0.23	0.97	-0.02	0.23
Total Current Assets	0.9	0.77	0.3	0.81	0.9	0.88	0.68	0.68	0.96	0.38	0.88	0.38	0.94	0.9	0.86	0.64	0.85	0.59	0.91	0.85	0.92		-0.2	0.9	-0.06	0.14
Intangible Assets	-0.25	-0.32	0.09	-0.27	-0.18	-0.27	-0.33	-0.03	-0.23	0.04	-0.25	0.04	-0.26	-0.16	-0.26	-0.2	-0.29	-0.05	-0.15	-0.29	-0.23	-0.2		-0.21	-0.23	-0.24
Common Stock	0.96	0.78	0.51	0.81	0.98	0.95	0.67	0.7	0.91	0.43	0.96	0.43	0.92	0.76	0.91	0.86	0.89	0.82	0.7	0.88	0.97	0.9	-0.21		-0.08	0.21
Current Deferred Revenue	0.01	0.22	0.05	0.13	-0.12	0.04	0.25	-0.23	-0.05	-0.13	0.02	-0.13	0.0	-0.07	-0.02	0.11	0.09	-0.13	-0.09	0.09	-0.02	-0.06	-0.23	-0.08		0.36
Short Term Debt	0.35	0.53	0.29	0.64	0.07	0.38	0.5	-0.37	0.22	0.08	0.37	0.08	0.18	0.14	0.52	0.48	0.49	0.23	0.17	0.52	0.23	0.14	-0.24	0.21	0.36

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Cargojet Account Relationship Matchups

Cargojet balance sheet Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.1B	1.2B	1.5B	2.0B	2.0B	2.1B
Short Long Term Debt Total	633.8M	572.8M	398.6M	707M	799.2M	839.2M
Other Current Liab	9.6M	9.9M	4.5M	18.7M	11.1M	6.0M
Total Current Liabilities	114.5M	180.6M	98.2M	150.5M	186.3M	195.6M
Total Stockholder Equity	276.2M	175.2M	676.4M	831.5M	784.5M	823.7M
Property Plant And Equipment Net	890.2M	998.7M	1.2B	1.6B	1.6B	1.6B
Net Debt	632.2M	569.1M	303.9M	700.9M	767.4M	805.8M
Retained Earnings	(37.5M)	(140.2M)	7.8M	166.8M	160.8M	168.8M
Accounts Payable	45.6M	66.9M	71.7M	100.4M	147M	154.4M
Cash	1.6M	3.7M	94.7M	6.1M	31.8M	33.4M
Non Current Assets Total	1.0B	1.1B	1.3B	1.9B	1.8B	1.8B
Cash And Short Term Investments	1.6M	3.7M	94.7M	6.1M	31.8M	33.4M
Net Receivables	51.4M	41.4M	75.3M	95.7M	119.2M	125.2M
Common Stock Total Equity	174.4M	177.9M	298.2M	300M	345M	362.3M
Common Stock Shares Outstanding	13.6M	15.6M	17.6M	20.3M	17.2M	12.3M
Liabilities And Stockholders Equity	1.1B	1.2B	1.5B	2.0B	2.0B	2.1B
Non Current Liabilities Total	707.6M	868.1M	715.2M	1.0B	1.1B	1.1B
Inventory	2.3M	1.5M	2.2M	3.3M	2.6M	1.5M
Other Current Assets	15.2M	49.6M	27.9M	11M	124.5M	130.7M
Total Liab	822.1M	1.0B	813.4M	1.2B	1.3B	1.3B
Property Plant And Equipment Gross	890.2M	998.7M	1.7B	2.3B	2.4B	2.5B
Total Current Assets	70.5M	96.2M	200.1M	116.1M	278.1M	292.0M
Common Stock	298.2M	300M	655.2M	650.9M	609.8M	640.3M
Short Term Debt	59.3M	103.8M	22M	31.4M	22.9M	24.8M
Other Stockholder Equity	2.4M	2.3M	300K	700K	800K	760K
Other Liab	133.1M	399.1M	338.6M	328.7M	378.0M	396.9M
Net Tangible Assets	225.9M	124.9M	626.1M	781.2M	898.4M	943.3M
Other Assets	10.6M	87.3M	78.7M	70.1M	1.0	0.95
Long Term Debt	437.5M	377.8M	307.2M	618M	680.1M	357.1M
Property Plant Equipment	890.2M	998.7M	1.2B	1.6B	1.9B	2.0B
Long Term Debt Total	574.5M	469M	376.6M	675.6M	776.9M	502.7M
Capital Lease Obligations	196.3M	195M	91.4M	89M	119.1M	118.2M
Net Invested Capital	713.7M	553M	983.6M	1.4B	1.5B	961.9M

Pair Trading with Cargojet

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

Moving together with Cargojet Stock

0.73

CCL-A

CCL Industries

Pair Corr

Moving against Cargojet Stock

0.5

BUI

Buhler Industries

Pair Corr

The ability to find closely correlated positions to Cargojet could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cargojet 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 Cargojet - 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 Cargojet to buy it.

The correlation of Cargojet 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 Cargojet moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cargojet 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 Cargojet 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 Correlation Correlation Matching

Other Information on Investing in Cargojet Stock

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Cargojet Historical Balance Sheet

Cargojet Inventory

1.49 Million

About Cargojet Balance Sheet Analysis

Cargojet Balance Sheet Chart

Total Assets

Total Current Liabilities

Cargojet balance sheet Correlations

Cargojet Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Cargojet balance sheet Accounts

Pair Trading with Cargojet

Moving together with Cargojet Stock

Moving against Cargojet Stock

Other Information on Investing in Cargojet Stock

COMMON DESTINATIONS

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Property Plant And Equipment Net	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Total Liab	+ 1.0	Non Current Liabilities Total
Property Plant And Equipment Gross	+ 0.99	Total Assets

Short Term Debt	- 0.37	Retained Earnings
Intangible Assets	- 0.33	Net Debt
Intangible Assets	- 0.32	Short Long Term Debt Total
Intangible Assets	- 0.29	Total Liab
Intangible Assets	- 0.29	Non Current Liabilities Total
Intangible Assets	- 0.27	Property Plant And Equipment Net