Cargojet Historical Cash Flow
| CJT Stock | CAD 123.15 0.59 0.48% |
Analysis of Cargojet cash flow over time is an excellent tool to project Cargojet 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 27 M or Begin Period Cash Flow of 6.4 M as it is a great indicator of Cargojet ability to facilitate future growth, repay debt on time or pay out dividends.
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.
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About Cargojet Cash Flow Analysis
The Cash Flow Statement is a financial statement that shows how changes in Cargojet 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 Cargojet's non-liquid assets can be easily converted into cash.
Cargojet Cash Flow Chart
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Change In Working Capital
The difference in the amount of working capital from one period to the next, indicating the change in a company's short-term assets and liabilities.Dividends Paid
The total amount of dividends that a company has paid out to its shareholders over a specific period.Capital Expenditures
Capital Expenditures are funds used by Cargojet to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Cargojet operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.Most accounts from Cargojet's cash flow statement are interrelated and interconnected. However, analyzing cash flow statement 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 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 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. At this time, Cargojet's End Period Cash Flow is very stable compared to the past year. As of the 22nd of November 2024, Stock Based Compensation is likely to grow to about 3 M, though Free Cash Flow is likely to grow to (70.2 M).
| 2021 | 2022 | 2023 | 2024 (projected) | Capital Expenditures | 277.6M | 611.2M | 266.7M | 280.0M | Dividends Paid | 17.1M | 18.9M | 19.7M | 10.5M |
Cargojet cash flow statement Correlations
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Cargojet Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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
Moving against Cargojet Stock
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.Other Information on Investing in Cargojet Stock
The Cash Flow Statement is a financial statement that shows how changes in Cargojet 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 Cargojet's non-liquid assets can be easily converted into cash.