Canopy Growth Corp Stock Current Liabilities
| WEED Stock | CAD 4.02 0.07 1.71% |
Canopy Growth Corp fundamentals help investors to digest information that contributes to Canopy Growth's financial success or failures. It also enables traders to predict the movement of Canopy Stock. The fundamental analysis module provides a way to measure Canopy Growth's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Canopy Growth stock.
As of the 30th of December 2024, Non Current Liabilities Total is likely to grow to about 790.9 M, while Total Current Liabilities is likely to drop about 2.7 M. Canopy | Current Liabilities |
Canopy Growth Corp Company Current Liabilities Analysis
Canopy Growth's Current Liabilities is the company's short term debt. This usually includes obligations that are due within the next 12 months or within one fiscal year. Current liabilities are very important in analyzing a company's financial health as it requires the company to convert some of its current assets into cash.
Canopy Current Liabilities Driver Correlations
Understanding the fundamental principles of building solid financial models for Canopy Growth is extremely important. It helps to project a fair market value of Canopy Stock properly, considering its historical fundamentals such as Current Liabilities. Since Canopy Growth's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Canopy Growth's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Canopy Growth's interrelated accounts and indicators.
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Current liabilities appear on the company's balance sheet and include all short term debt accounts, accounts and notes payable, accrued liabilities as well as current payments due on the long-term loans. One of the most useful applications of Current Liabilities is the current ratio which is defined as current assets divided by its current liabilities. High current ratios mean that current assets are more than sufficient to pay off current liabilities.
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Canopy Total Current Liabilities
Total Current Liabilities |
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In accordance with the recently published financial statements, Canopy Growth Corp has a Current Liabilities of 0.0. This is 100.0% lower than that of the Pharmaceuticals sector and about the same as Health Care (which currently averages 0.0) industry. The current liabilities for all Canada stocks is 100.0% higher than that of the company.
Canopy Growth Current Valuation Drivers
We derive many important indicators used in calculating different scores of Canopy Growth from analyzing Canopy Growth's financial statements. These drivers represent accounts that assess Canopy Growth's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Canopy Growth's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 7.1B | 15.0B | 3.7B | 1.1B | 762.8M | 2.4M | |
| Enterprise Value | 6.4B | 15.4B | 4.4B | 1.7B | 1.3B | 2.4M |
Canopy Fundamentals
| Return On Equity | -0.93 | ||||
| Return On Asset | -0.0439 | ||||
| Profit Margin | (2.01) % | ||||
| Operating Margin | (0.34) % | ||||
| Current Valuation | 874.32 M | ||||
| Shares Outstanding | 122.39 M | ||||
| Shares Owned By Insiders | 0.17 % | ||||
| Shares Owned By Institutions | 8.49 % | ||||
| Number Of Shares Shorted | 2.27 M | ||||
| Price To Book | 0.97 X | ||||
| Price To Sales | 2.13 X | ||||
| Revenue | 297.15 M | ||||
| Gross Profit | (81.94 M) | ||||
| EBITDA | (312.83 M) | ||||
| Net Income | (483.68 M) | ||||
| Cash And Equivalents | 214.55 M | ||||
| Cash Per Share | 5.54 X | ||||
| Total Debt | 668 M | ||||
| Debt To Equity | 0.12 % | ||||
| Current Ratio | 8.18 X | ||||
| Book Value Per Share | 5.43 X | ||||
| Cash Flow From Operations | (281.95 M) | ||||
| Short Ratio | 1.55 X | ||||
| Earnings Per Share | (7.11) X | ||||
| Price To Earnings To Growth | (1.48) X | ||||
| Target Price | 6.15 | ||||
| Number Of Employees | 1.03 K | ||||
| Beta | 1.78 | ||||
| Market Capitalization | 597.6 M | ||||
| Total Asset | 1.3 B | ||||
| Retained Earnings | (10.33 B) | ||||
| Working Capital | 136.47 M | ||||
| Net Asset | 1.3 B |
About Canopy Growth Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Canopy Growth Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Canopy Growth using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Canopy Growth Corp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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
| 0.81 | ERE-UN | European Residential Real | PairCorr |
| 0.77 | SEC | Senvest Capital | PairCorr |
| 0.72 | LB | Laurentian Bank | PairCorr |
| 0.72 | VLE | Valeura Energy | PairCorr |
| 0.71 | FFH-PH | Fairfax Financial | PairCorr |
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 Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.