Cronos Investments vs Depreciation Analysis
CRON Stock | CAD 2.77 0.06 2.12% |
Cronos financial indicator trend analysis is way more than just evaluating Cronos Group prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cronos Group is a good investment. Please check the relationship between Cronos Investments and its Depreciation accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cronos Group. 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.
Investments vs Depreciation
Investments vs Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cronos Group Investments account and Depreciation. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Cronos' Investments and Depreciation is 0.11. Overlapping area represents the amount of variation of Investments that can explain the historical movement of Depreciation in the same time period over historical financial statements of Cronos Group, assuming nothing else is changed. The correlation between historical values of Cronos' Investments and Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Investments of Cronos Group are associated (or correlated) with its Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation has no effect on the direction of Investments i.e., Cronos' Investments and Depreciation go up and down completely randomly.
Correlation Coefficient | 0.11 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Investments
Securities or assets acquired for generating income or appreciating in value, not used in daily operations.Depreciation
Depreciation indicates how much of Cronos Group value has been used up. For tax purposes Cronos can deduct the cost of the tangible assets it purchases as business expenses. However, Cronos Group must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.Most indicators from Cronos' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cronos Group 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 Cronos Group. 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, Cronos' Enterprise Value Over EBITDA is very stable compared to the past year. As of the 11th of March 2025, Enterprise Value Multiple is likely to grow to 1.87, while Selling General Administrative is likely to drop about 47.2 M.
Cronos fundamental ratios Correlations
Click cells to compare fundamentals
Cronos Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Cronos fundamental ratios Accounts
2020 | 2021 | 2022 | 2023 | 2024 | 2025 (projected) | ||
Total Assets | 1.9B | 1.4B | 1.2B | 1.1B | 1.2B | 848.6M | |
Other Current Liab | 183.3M | 37.1M | 18.5M | 16.5M | 40K | 38K | |
Total Current Liabilities | 206.8M | 54.4M | 68.1M | 41.4M | 49.7M | 73.5M | |
Total Stockholder Equity | 1.7B | 1.3B | 1.1B | 1.1B | 1.1B | 767.5M | |
Net Debt | (1.1B) | (877.2M) | (760.8M) | (666.7M) | (600.1M) | (630.1M) | |
Retained Earnings | 1.1B | 659.4M | 490.7M | 416.7M | 457.7M | 384.4M | |
Accounts Payable | 19.3M | 11.1M | 11.2M | 12.1M | 17.0M | 10.6M | |
Cash | 1.1B | 887.0M | 764.6M | 669.3M | 858.8M | 503.5M | |
Non Current Assets Total | 553.5M | 318.0M | 252.9M | 206.8M | 230.1M | 213.5M | |
Cash And Short Term Investments | 1.3B | 1.0B | 877.7M | 861.5M | 990.8M | 557.5M | |
Common Stock Shares Outstanding | 342.8M | 351.6M | 370.4M | 381.0M | 382.5M | 248.8M | |
Liabilities And Stockholders Equity | 1.9B | 1.4B | 1.2B | 1.1B | 1.3B | 809.1M | |
Non Current Liabilities Total | 10.7M | 9.1M | 3.9M | 2.6M | 5.6M | 4.7M | |
Other Current Assets | 12.3M | 9.0M | 13.6M | 5.4M | 6.3M | 6.3M | |
Other Stockholder Equity | 34.6M | 32.5M | 42.7M | 48.4M | 55.7M | 58.5M | |
Total Liab | 217.5M | 63.5M | 72.0M | 44.0M | 55.3M | 78.1M | |
Total Current Assets | 1.4B | 1.1B | 960.2M | 933.3M | 936.1M | 635.1M | |
Short Long Term Debt Total | 9.8M | 9.8M | 3.9M | 2.6M | 2.9M | 2.8M | |
Other Liab | 1.8M | 2.2M | 2.0M | 1.4M | 1.6M | 1.5M | |
Net Tangible Assets | 1.5B | 1.5B | 1.3B | 1.1B | 1.3B | 683.9M | |
Property Plant And Equipment Net | 197.4M | 83.0M | 62.8M | 60.8M | 134.6M | 89.1M | |
Non Currrent Assets Other | 87.7M | 100K | 72.5M | 45K | 51.8K | 49.2K | |
Other Assets | 64.4M | 87.7M | 80.7M | 193K | 222.0K | 210.9K | |
Net Receivables | 26.0M | 33.3M | 31.3M | 35.9M | 15.5M | 16.7M | |
Good Will | 179.5M | 1.1M | 1.0M | 1.1M | 63.5M | 46.6M | |
Inventory | 44.0M | 32.8M | 37.6M | 30.5M | 33.1M | 24.4M | |
Long Term Investments | 19.2M | 135.2M | 89.7M | 54.7M | 2.8M | 2.7M | |
Property Plant And Equipment Gross | 197.4M | 83.0M | 207.2M | 200.6M | 268.0M | 281.4M | |
Accumulated Other Comprehensive Income | 43.0M | 49.9M | (797K) | 20.7M | 23.8M | 15.9M | |
Short Term Debt | 1.3M | 2.7M | 1.3M | 994K | 894.6K | 849.9K | |
Intangible Assets | 69.7M | 18.1M | 26.7M | 21.1M | 11.1M | 10.6M | |
Common Stock | 569.3M | 595.5M | 611.3M | 613.7M | 705.8M | 355.3M | |
Property Plant Equipment | 166.5M | 197.4M | 83.0M | 62.8M | 72.3M | 85.3M | |
Capital Surpluse | 23.2M | 34.6M | 32.5M | 42.7M | 49.1M | 51.5M | |
Cash And Equivalents | 1.2B | 1.1B | 887.0M | 764.6M | 879.3M | 622.7M | |
Net Invested Capital | 1.7B | 1.3B | 1.1B | 1.1B | 1.1B | 1.1B |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cronos Group. 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 Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.