Cardinal Payout Ratio vs Days Payables Outstanding Analysis

CJ Stock

CAD 6.40 0.02 0.31%

Cardinal Energy financial indicator trend analysis is way more than just evaluating Cardinal Energy prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cardinal Energy is a good investment. Please check the relationship between Cardinal Energy Payout Ratio and its Days Payables Outstanding accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cardinal Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Payout Ratio vs Days Payables Outstanding

Payout Ratio vs Days Payables Outstanding Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cardinal Energy Payout Ratio account and Days Payables Outstanding. At this time, the significance of the direction appears to have very week relationship.

The correlation between Cardinal Energy's Payout Ratio and Days Payables Outstanding is 0.23. Overlapping area represents the amount of variation of Payout Ratio that can explain the historical movement of Days Payables Outstanding in the same time period over historical financial statements of Cardinal Energy, assuming nothing else is changed. The correlation between historical values of Cardinal Energy's Payout Ratio and Days Payables Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Payout Ratio of Cardinal Energy are associated (or correlated) with its Days Payables Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Days Payables Outstanding has no effect on the direction of Payout Ratio i.e., Cardinal Energy's Payout Ratio and Days Payables Outstanding go up and down completely randomly.

Correlation Coefficient

0.23

Relationship Direction	Positive
Relationship Strength	Very Weak

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Payout Ratio

Payout Ratio is the proportion of Cardinal Energy earnings paid out as dividends to shareholders. Payout Ratio is typically expressed as a percentage but can be shown as dividends paid out as a proportion of cash flow. The payout ratio is used to determine the sustainability of Cardinal Energy dividend payments. A lower payout ratio is generally preferable to a higher payout ratio, with a ratio greater than 100% indicating Cardinal Energy is paying out more in dividends than it makes in net income.

Days Payables Outstanding

Most indicators from Cardinal Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cardinal Energy current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, 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 Cardinal Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

At this time, Cardinal Energy's Tax Provision is very stable compared to the past year. As of the 18th of February 2025, Enterprise Value Over EBITDA is likely to grow to 3.88, while Selling General Administrative is likely to drop about 22.9 M.

	2022	2023	2024	2025 (projected)
Interest Expense	5.9M	6.6M	7.6M	7.8M
Depreciation And Amortization	110.5M	111.3M	128.0M	85.8M

Interest Expense Depreciation And Amortization

Cardinal Energy fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock
Total Assets		0.53	0.2	0.78	0.97	0.99	0.55	0.53	-0.48	0.81	-0.77	1.0	0.23	0.86	0.96	0.79	0.28	0.76	-0.19	0.19	0.49	0.86	0.79	0.92	0.04	0.96
Short Long Term Debt Total	0.53		-0.12	0.28	0.33	0.48	0.36	1.0	-0.74	0.21	-0.52	0.54	0.32	0.27	0.62	0.31	0.17	0.92	-0.27	-0.03	0.8	0.86	0.07	0.34	0.21	0.57
Other Current Liab	0.2	-0.12		0.2	0.23	0.18	0.06	-0.12	0.06	0.21	-0.06	0.19	0.2	0.3	0.14	0.2	-0.12	0.04	-0.3	-0.19	-0.17	0.09	0.23	0.23	-0.36	0.16
Total Current Liabilities	0.78	0.28	0.2		0.77	0.8	0.72	0.32	-0.51	0.95	-0.9	0.78	-0.25	0.92	0.81	0.88	-0.21	0.45	-0.27	-0.17	0.38	0.65	0.76	0.73	-0.06	0.82
Total Stockholder Equity	0.97	0.33	0.23	0.77		0.98	0.48	0.33	-0.29	0.83	-0.69	0.97	0.21	0.86	0.89	0.78	0.32	0.59	-0.11	0.26	0.31	0.71	0.83	0.94	0.02	0.9
Property Plant And Equipment Net	0.99	0.48	0.18	0.8	0.98		0.58	0.48	-0.48	0.85	-0.77	0.99	0.17	0.88	0.96	0.83	0.26	0.72	-0.16	0.19	0.47	0.82	0.83	0.93	-0.01	0.97
Current Deferred Revenue	0.55	0.36	0.06	0.72	0.48	0.58		0.39	-0.59	0.74	-0.83	0.55	-0.23	0.7	0.63	0.83	-0.38	0.46	-0.35	-0.42	0.27	0.58	0.69	0.47	-0.45	0.66
Net Debt	0.53	1.0	-0.12	0.32	0.33	0.48	0.39		-0.78	0.24	-0.55	0.54	0.25	0.29	0.63	0.33	0.14	0.92	-0.24	-0.06	0.82	0.86	0.08	0.34	0.21	0.59
Retained Earnings	-0.48	-0.74	0.06	-0.51	-0.29	-0.48	-0.59	-0.78		-0.48	0.71	-0.48	0.16	-0.48	-0.69	-0.59	0.22	-0.74	0.29	0.27	-0.86	-0.77	-0.32	-0.34	0.18	-0.67
Accounts Payable	0.81	0.21	0.21	0.95	0.83	0.85	0.74	0.24	-0.48		-0.85	0.81	-0.19	0.98	0.84	0.95	-0.14	0.42	-0.25	-0.1	0.35	0.62	0.87	0.81	-0.24	0.86
Cash	-0.77	-0.52	-0.06	-0.9	-0.69	-0.77	-0.83	-0.55	0.71	-0.85		-0.77	0.13	-0.83	-0.85	-0.86	0.18	-0.64	0.4	0.19	-0.52	-0.79	-0.7	-0.68	0.12	-0.86
Non Current Assets Total	1.0	0.54	0.19	0.78	0.97	0.99	0.55	0.54	-0.48	0.81	-0.77		0.24	0.85	0.96	0.79	0.27	0.77	-0.19	0.17	0.49	0.86	0.79	0.91	0.04	0.96
Cash And Short Term Investments	0.23	0.32	0.2	-0.25	0.21	0.17	-0.23	0.25	0.16	-0.19	0.13	0.24		-0.09	0.1	-0.12	0.43	0.36	-0.44	0.26	0.01	0.24	-0.02	0.14	0.05	0.09
Net Receivables	0.86	0.27	0.3	0.92	0.86	0.88	0.7	0.29	-0.48	0.98	-0.83	0.85	-0.09		0.87	0.92	-0.05	0.5	-0.26	-0.02	0.39	0.67	0.86	0.88	-0.25	0.89
Common Stock Total Equity	0.96	0.62	0.14	0.81	0.89	0.96	0.63	0.63	-0.69	0.84	-0.85	0.96	0.1	0.87		0.85	0.15	0.81	-0.21	0.07	0.64	0.9	0.76	0.87	-0.04	1.0
Common Stock Shares Outstanding	0.79	0.31	0.2	0.88	0.78	0.83	0.83	0.33	-0.59	0.95	-0.86	0.79	-0.12	0.92	0.85		-0.17	0.49	-0.36	-0.18	0.41	0.65	0.85	0.75	-0.36	0.87
Short Term Investments	0.28	0.17	-0.12	-0.21	0.32	0.26	-0.38	0.14	0.22	-0.14	0.18	0.27	0.43	-0.05	0.15	-0.17		0.22	0.27	0.94	0.09	0.13	-0.02	0.42	0.53	0.13
Non Current Liabilities Total	0.76	0.92	0.04	0.45	0.59	0.72	0.46	0.92	-0.74	0.42	-0.64	0.77	0.36	0.5	0.81	0.49	0.22		-0.27	0.05	0.78	0.97	0.4	0.58	0.09	0.78
Inventory	-0.19	-0.27	-0.3	-0.27	-0.11	-0.16	-0.35	-0.24	0.29	-0.25	0.4	-0.19	-0.44	-0.26	-0.21	-0.36	0.27	-0.27		0.29	-0.23	-0.31	-0.23	-0.12	0.27	-0.23
Other Current Assets	0.19	-0.03	-0.19	-0.17	0.26	0.19	-0.42	-0.06	0.27	-0.1	0.19	0.17	0.26	-0.02	0.07	-0.18	0.94	0.05	0.29		0.03	-0.01	0.02	0.41	0.49	0.06
Other Stockholder Equity	0.49	0.8	-0.17	0.38	0.31	0.47	0.27	0.82	-0.86	0.35	-0.52	0.49	0.01	0.39	0.64	0.41	0.09	0.78	-0.23	0.03		0.76	0.18	0.39	0.16	0.61
Total Liab	0.86	0.86	0.09	0.65	0.71	0.82	0.58	0.86	-0.77	0.62	-0.79	0.86	0.24	0.67	0.9	0.65	0.13	0.97	-0.31	-0.01	0.76		0.54	0.69	0.06	0.89
Property Plant And Equipment Gross	0.79	0.07	0.23	0.76	0.83	0.83	0.69	0.08	-0.32	0.87	-0.7	0.79	-0.02	0.86	0.76	0.85	-0.02	0.4	-0.23	0.02	0.18	0.54		0.8	-0.37	0.8
Total Current Assets	0.92	0.34	0.23	0.73	0.94	0.93	0.47	0.34	-0.34	0.81	-0.68	0.91	0.14	0.88	0.87	0.75	0.42	0.58	-0.12	0.41	0.39	0.69	0.8		0.0	0.87
Short Term Debt	0.04	0.21	-0.36	-0.06	0.02	-0.01	-0.45	0.21	0.18	-0.24	0.12	0.04	0.05	-0.25	-0.04	-0.36	0.53	0.09	0.27	0.49	0.16	0.06	-0.37	0.0		-0.09
Common Stock	0.96	0.57	0.16	0.82	0.9	0.97	0.66	0.59	-0.67	0.86	-0.86	0.96	0.09	0.89	1.0	0.87	0.13	0.78	-0.23	0.06	0.61	0.89	0.8	0.87	-0.09

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Cardinal Energy Account Relationship Matchups

Cardinal Energy fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	749.1M	1.1B	1.2B	1.2B	1.4B	1.0B
Short Long Term Debt Total	239.1M	157.6M	35.8M	50.1M	57.6M	54.7M
Other Current Liab	5.3M	4.1M	17.1M	19.1M	21.9M	11.6M
Total Current Liabilities	59.3M	85.1M	109.2M	106.5M	122.5M	69.5M
Total Stockholder Equity	372.8M	719.2M	925.4M	920.7M	1.1B	705.5M
Property Plant And Equipment Net	715.5M	1.0B	1.1B	1.1B	1.3B	914.6M
Net Debt	243.0M	160.2M	40.3M	50.1M	57.6M	54.7M
Retained Earnings	(713.4M)	(428.9M)	(187.1M)	(199.3M)	(179.4M)	(188.4M)
Accounts Payable	42.4M	78.2M	89.2M	86.1M	99.0M	50.1M
Cash	(3.9M)	(2.6M)	(4.5M)	(4.1M)	(3.7M)	(3.5M)
Non Current Assets Total	715.5M	1.0B	1.1B	1.1B	1.3B	966.9M
Cash And Short Term Investments	(3.9M)	(2.6M)	(4.5M)	4.1M	3.7M	2.9M
Net Receivables	29.3M	51.5M	64.0M	53.2M	61.2M	35.5M
Common Stock Shares Outstanding	113.4M	154.6M	157.9M	160.0M	184.0M	103.8M
Short Term Investments	2.9M	3.5M	3.7M	4.1M	3.7M	3.5M
Liabilities And Stockholders Equity	749.1M	1.1B	1.2B	1.2B	1.4B	1.0B
Non Current Liabilities Total	317.0M	271.5M	120.4M	160.6M	184.7M	239.0M
Other Current Assets	4.4M	3.5M	5.3M	4.2M	3.8M	6.4M
Other Stockholder Equity	30.5M	29.1M	8.2M	5.7M	6.6M	6.2M
Total Liab	376.3M	356.6M	229.6M	267.2M	307.2M	308.5M
Property Plant And Equipment Gross	715.5M	1.8B	1.9B	2.0B	2.3B	2.4B
Total Current Assets	33.6M	55.0M	69.3M	57.4M	66.1M	47.0M
Short Term Debt	3.4M	2.7M	3.0M	1.4M	1.2M	1.2M
Common Stock	1.1B	1.1B	1.1B	1.1B	1.3B	935.2M
Other Liab	107.4M	79.5M	115.3M	86.1M	99.1M	110.9M
Net Tangible Assets	737.9M	372.8M	719.2M	925.4M	1.1B	738.6M
Long Term Debt	235.2M	155.0M	31.3M	44.9M	51.7M	49.1M
Property Plant Equipment	1.0B	715.5M	1.0B	1.1B	1.2B	964.5M
Non Currrent Assets Other	1.1B	(715.5M)	(1.0B)	15.3M	13.8M	13.1M
Other Assets	112.4M	103.6M	0.0	9.8M	8.8M	8.3M
Long Term Debt Total	176.9M	237.4M	156.2M	34.3M	30.9M	29.3M
Capital Surpluse	26.4M	33.5M	33.2M	25.2M	28.9M	24.5M
Net Invested Capital	608.1M	874.2M	956.7M	965.6M	869.0M	734.7M
Net Working Capital	(25.7M)	(30.1M)	(39.9M)	(49.1M)	(44.2M)	(46.4M)
Capital Stock	1.1B	1.1B	1.1B	1.1B	1.3B	1.2B

Pair Trading with Cardinal Energy

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

Moving against Cardinal Stock

0.35

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Pair Corr

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

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

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

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Cardinal Payout Ratio vs Days Payables Outstanding Analysis

Payout Ratio vs Days Payables Outstanding

Payout Ratio vs Days Payables Outstanding Correlation Analysis

Correlation Coefficient

Payout Ratio

Days Payables Outstanding

Cardinal Energy fundamental ratios Correlations

Cardinal Energy Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Cardinal Energy fundamental ratios Accounts

Pair Trading with Cardinal Energy

Moving against Cardinal Stock

Other Information on Investing in Cardinal Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Common Stock	+ 1.0	Common Stock Total Equity
Property Plant And Equipment Net	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Property Plant And Equipment Net
Property Plant And Equipment Net	+ 0.98	Total Stockholder Equity

Cash	- 0.9	Total Current Liabilities
Common Stock	- 0.86	Cash
Common Stock Shares Outstanding	- 0.86	Cash
Other Stockholder Equity	- 0.86	Retained Earnings
Common Stock Total Equity	- 0.85	Cash
Cash	- 0.85	Accounts Payable