Cronos Net Income vs Stock Based Compensation Analysis
CRON Stock | CAD 2.86 0.07 2.51% |
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 Net Income and its Stock Based Compensation 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.
Net Income vs Stock Based Compensation
Net Income vs Stock Based Compensation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cronos Group Net Income account and Stock Based Compensation. At this time, the significance of the direction appears to have very week relationship.
The correlation between Cronos' Net Income and Stock Based Compensation is 0.21. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Stock Based Compensation in the same time period over historical financial statements of Cronos Group, assuming nothing else is changed. The correlation between historical values of Cronos' Net Income and Stock Based Compensation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of Cronos Group are associated (or correlated) with its Stock Based Compensation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Stock Based Compensation has no effect on the direction of Net Income i.e., Cronos' Net Income and Stock Based Compensation go up and down completely randomly.
Correlation Coefficient | 0.21 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Cronos Group financial statement analysis. It represents the amount of money remaining after all of Cronos Group operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Stock Based Compensation
Compensation provided to employees in the form of equity or options to purchase company stock. This type of compensation is used to align the interests of employees and shareholders.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. As of the 23rd of December 2024, Selling General Administrative is likely to drop to about 43.8 M. In addition to that, Tax Provision is likely to grow to about (3.1 M)
Cronos fundamental ratios Correlations
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Cronos Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Cronos fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 2.1B | 1.9B | 1.4B | 1.2B | 1.1B | 809.1M | |
Other Current Liab | 297.2M | 183.3M | 37.1M | 18.5M | 16.5M | 15.7M | |
Total Current Liabilities | 332.9M | 206.8M | 54.4M | 68.1M | 41.4M | 75.2M | |
Total Stockholder Equity | 1.7B | 1.7B | 1.3B | 1.1B | 1.1B | 730.8M | |
Net Debt | (1.2B) | (1.1B) | (877.2M) | (760.8M) | (666.7M) | (633.4M) | |
Retained Earnings | 1.1B | 1.1B | 659.4M | 490.7M | 416.7M | 373.6M | |
Accounts Payable | 35.3M | 19.3M | 11.1M | 11.2M | 12.1M | 9.9M | |
Cash | 1.2B | 1.1B | 887.0M | 764.6M | 669.3M | 463.4M | |
Non Current Assets Total | 520.4M | 553.5M | 318.0M | 252.9M | 206.8M | 209.9M | |
Cash And Short Term Investments | 1.5B | 1.3B | 1.0B | 877.7M | 861.5M | 557.5M | |
Common Stock Shares Outstanding | 172.3M | 342.8M | 351.6M | 370.4M | 381.0M | 233.2M | |
Liabilities And Stockholders Equity | 2.1B | 1.9B | 1.4B | 1.2B | 1.1B | 809.1M | |
Non Current Liabilities Total | 8.5M | 10.7M | 9.1M | 3.9M | 2.6M | 4.5M | |
Other Current Assets | 12.6M | 12.3M | 9.0M | 13.6M | 5.4M | 6.2M | |
Other Stockholder Equity | 23.2M | 34.6M | 32.5M | 42.7M | 48.4M | 50.9M | |
Total Liab | 341.4M | 217.5M | 63.5M | 72.0M | 44.0M | 79.6M | |
Total Current Assets | 1.6B | 1.4B | 1.1B | 960.2M | 933.3M | 599.3M | |
Short Long Term Debt Total | 7.1M | 9.8M | 9.8M | 3.9M | 2.6M | 2.4M | |
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 | 168.4M | 197.4M | 83.0M | 62.8M | 60.8M | 83.2M | |
Non Currrent Assets Other | 64.4M | 87.7M | 100K | 72.5M | 45K | 42.8K | |
Other Assets | 64.4M | 87.7M | 80.7M | 193K | 222.0K | 210.9K | |
Net Receivables | 16.5M | 26.0M | 33.3M | 31.3M | 35.9M | 37.7M | |
Good Will | 214.8M | 179.5M | 1.1M | 1.0M | 1.1M | 1.0M | |
Common Stock Total Equity | 66.4M | 165.6M | 561.2M | 569.3M | 654.6M | 687.4M | |
Inventory | 38.0M | 44.0M | 32.8M | 37.6M | 30.5M | 23.1M | |
Long Term Investments | 557K | 19.2M | 135.2M | 89.7M | 54.7M | 35.9M | |
Property Plant And Equipment Gross | 168.4M | 197.4M | 83.0M | 207.2M | 200.6M | 114.5M | |
Accumulated Other Comprehensive Income | 27.8M | 43.0M | 49.9M | (797K) | 20.7M | 15.9M | |
Short Term Debt | 427K | 1.3M | 2.7M | 1.3M | 994K | 944.3K | |
Intangible Assets | 72.3M | 69.7M | 18.1M | 26.7M | 21.1M | 26.0M | |
Common Stock | 561.2M | 569.3M | 595.5M | 611.3M | 613.7M | 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 | 1.7B | 1.3B | 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 Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.