Cronos Net Income vs Free Cash Flow Analysis

CRON Stock

USD 1.95 0.02 1.04%

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 Free Cash Flow 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 persons.

Net Income vs Free Cash Flow

Net Income vs Free Cash Flow 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 Free Cash Flow. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Cronos' Net Income and Free Cash Flow is -0.35. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Free Cash Flow 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 Free Cash Flow 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 Free Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow has no effect on the direction of Net Income i.e., Cronos' Net Income and Free Cash Flow go up and down completely randomly.

Correlation Coefficient

-0.35

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

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.

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

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 persons.

As of the 17th of December 2024, Tax Provision is likely to grow to about 30.6 M, while Discontinued Operations is likely to drop (472.5 K).

	2021	2022	2023	2024 (projected)
Reconciled Depreciation	15.4M	13.1M	9.6M	8.1M
Interest Income	9.1M	22.5M	46.5M	44.2M

Reconciled Depreciation Interest Income

Cronos fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Long Term Debt Total	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Non Currrent Assets Other	Other Assets	Good Will	Common Stock Total Equity	Capital Surpluse
Total Assets		0.82	0.87	1.0	-0.99	0.99	0.9	1.0	0.97	1.0	0.77	0.9	0.87	0.83	0.76	0.88	1.0	0.5	0.81	0.98	0.84	0.74	0.83	0.75	0.87	0.84
Other Current Liab	0.82		0.99	0.78	-0.78	0.88	0.91	0.79	0.86	0.81	0.32	0.55	0.72	0.54	0.34	0.98	0.8	0.4	0.57	0.7	0.79	0.58	0.66	0.98	0.51	0.44
Total Current Liabilities	0.87	0.99		0.83	-0.84	0.91	0.95	0.84	0.9	0.86	0.43	0.63	0.76	0.65	0.45	1.0	0.85	0.45	0.64	0.76	0.84	0.64	0.69	0.95	0.61	0.55
Total Stockholder Equity	1.0	0.78	0.83		-0.99	0.98	0.87	1.0	0.96	1.0	0.81	0.92	0.86	0.84	0.79	0.84	1.0	0.5	0.81	0.99	0.82	0.74	0.83	0.71	0.89	0.86
Net Debt	-0.99	-0.78	-0.84	-0.99		-0.97	-0.86	-1.0	-0.95	-0.99	-0.82	-0.9	-0.85	-0.81	-0.81	-0.84	-0.99	-0.44	-0.79	-0.98	-0.8	-0.72	-0.8	-0.7	-0.91	-0.88
Retained Earnings	0.99	0.88	0.91	0.98	-0.97		0.89	0.98	0.98	0.98	0.69	0.82	0.88	0.77	0.68	0.92	0.98	0.47	0.76	0.94	0.84	0.7	0.85	0.83	0.8	0.77
Accounts Payable	0.9	0.91	0.95	0.87	-0.86	0.89		0.87	0.92	0.88	0.57	0.78	0.8	0.77	0.57	0.95	0.88	0.6	0.76	0.82	0.9	0.7	0.64	0.83	0.73	0.66
Cash	1.0	0.79	0.84	1.0	-1.0	0.98	0.87		0.96	1.0	0.79	0.9	0.85	0.82	0.78	0.85	1.0	0.47	0.79	0.98	0.8	0.72	0.83	0.72	0.88	0.85
Non Current Assets Total	0.97	0.86	0.9	0.96	-0.95	0.98	0.92	0.96		0.96	0.69	0.85	0.92	0.85	0.68	0.91	0.96	0.63	0.84	0.92	0.93	0.73	0.85	0.82	0.81	0.78
Cash And Short Term Investments	1.0	0.81	0.86	1.0	-0.99	0.98	0.88	1.0	0.96		0.78	0.89	0.84	0.8	0.77	0.86	1.0	0.45	0.78	0.98	0.8	0.73	0.81	0.73	0.88	0.84
Net Receivables	0.77	0.32	0.43	0.81	-0.82	0.69	0.57	0.79	0.69	0.78		0.89	0.64	0.75	0.99	0.44	0.79	0.34	0.73	0.86	0.57	0.64	0.52	0.21	0.98	0.98
Common Stock Shares Outstanding	0.9	0.55	0.63	0.92	-0.9	0.82	0.78	0.9	0.85	0.89	0.89		0.81	0.9	0.87	0.65	0.9	0.58	0.88	0.94	0.76	0.78	0.69	0.45	0.92	0.9
Non Current Liabilities Total	0.87	0.72	0.76	0.86	-0.85	0.88	0.8	0.85	0.92	0.84	0.64	0.81		0.8	0.59	0.78	0.84	0.68	0.85	0.82	0.87	0.65	0.83	0.69	0.72	0.69
Other Current Assets	0.83	0.54	0.65	0.84	-0.81	0.77	0.77	0.82	0.85	0.8	0.75	0.9	0.8		0.73	0.66	0.81	0.74	0.86	0.83	0.85	0.72	0.78	0.49	0.81	0.81
Other Stockholder Equity	0.76	0.34	0.45	0.79	-0.81	0.68	0.57	0.78	0.68	0.77	0.99	0.87	0.59	0.73		0.46	0.78	0.27	0.7	0.84	0.56	0.7	0.48	0.24	0.97	0.98
Total Liab	0.88	0.98	1.0	0.84	-0.84	0.92	0.95	0.85	0.91	0.86	0.44	0.65	0.78	0.66	0.46		0.86	0.46	0.65	0.77	0.85	0.65	0.7	0.95	0.62	0.56
Total Current Assets	1.0	0.8	0.85	1.0	-0.99	0.98	0.88	1.0	0.96	1.0	0.79	0.9	0.84	0.81	0.78	0.86		0.46	0.79	0.99	0.8	0.74	0.81	0.72	0.88	0.85
Short Long Term Debt Total	0.5	0.4	0.45	0.5	-0.44	0.47	0.6	0.47	0.63	0.45	0.34	0.58	0.68	0.74	0.27	0.46	0.46		0.76	0.47	0.8	0.28	0.52	0.39	0.41	0.43
Other Liab	0.81	0.57	0.64	0.81	-0.79	0.76	0.76	0.79	0.84	0.78	0.73	0.88	0.85	0.86	0.7	0.65	0.79	0.76		0.81	0.85	0.64	0.65	0.51	0.79	0.78
Net Tangible Assets	0.98	0.7	0.76	0.99	-0.98	0.94	0.82	0.98	0.92	0.98	0.86	0.94	0.82	0.83	0.84	0.77	0.99	0.47	0.81		0.77	0.74	0.78	0.62	0.92	0.9
Property Plant And Equipment Net	0.84	0.79	0.84	0.82	-0.8	0.84	0.9	0.8	0.93	0.8	0.57	0.76	0.87	0.85	0.56	0.85	0.8	0.8	0.85	0.77		0.68	0.71	0.78	0.7	0.69
Non Currrent Assets Other	0.74	0.58	0.64	0.74	-0.72	0.7	0.7	0.72	0.73	0.73	0.64	0.78	0.65	0.72	0.7	0.65	0.74	0.28	0.64	0.74	0.68		0.54	0.58	0.71	0.68
Other Assets	0.83	0.66	0.69	0.83	-0.8	0.85	0.64	0.83	0.85	0.81	0.52	0.69	0.83	0.78	0.48	0.7	0.81	0.52	0.65	0.78	0.71	0.54		0.67	0.58	0.59
Good Will	0.75	0.98	0.95	0.71	-0.7	0.83	0.83	0.72	0.82	0.73	0.21	0.45	0.69	0.49	0.24	0.95	0.72	0.39	0.51	0.62	0.78	0.58	0.67		0.4	0.35
Common Stock Total Equity	0.87	0.51	0.61	0.89	-0.91	0.8	0.73	0.88	0.81	0.88	0.98	0.92	0.72	0.81	0.97	0.62	0.88	0.41	0.79	0.92	0.7	0.71	0.58	0.4		0.99
Capital Surpluse	0.84	0.44	0.55	0.86	-0.88	0.77	0.66	0.85	0.78	0.84	0.98	0.9	0.69	0.81	0.98	0.56	0.85	0.43	0.78	0.9	0.69	0.68	0.59	0.35	0.99

Click cells to compare fundamentals

Cronos Account Relationship Matchups

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	28.2M	26.8M
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	10.9M
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
Net Receivables	16.5M	26.0M	33.3M	31.3M	35.7M	37.5M
Common Stock Shares Outstanding	342.8M	351.6M	370.4M	377.0M	381.0M	233.9M
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	9.4M	12.3M	9.0M	13.6M	5.6M	6.5M
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	683.3M
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	69.1M	39.4M
Other Assets	64.4M	116.7M	80.7M	72.5M	(5.8M)	(5.5M)
Good Will	214.8M	179.5M	1.1M	1.0M	1.1M	1.0M
Common Stock Total Equity	165.6M	561.2M	569.3M	595.5M	684.8M	719.1M
Short Term Investments	306.3M	211.8M	117.7M	113.1M	192.2M	103.5M
Capital Surpluse	11.3M	23.2M	34.6M	32.5M	37.3M	39.2M
Capital Lease Obligations	7.1M	9.8M	9.8M	3.9M	2.6M	3.6M
Inventory	38.0M	44.0M	32.8M	37.6M	30.5M	23.2M
Long Term Investments	557K	106.9M	135.2M	89.7M	54.7M	45.1M
Property Plant And Equipment Gross	166.5M	197.4M	83.0M	207.2M	200.6M	114.3M
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

Pair Trading with Cronos

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

Moving together with Cronos Stock

0.79	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.65	LLY	Eli Lilly Sell-off Trend	Pair Corr

Moving against Cronos Stock

0.63	BMY	Bristol Myers Squibb	Pair Corr
0.63	CAH	Cardinal Health	Pair Corr
0.6	GILD	Gilead Sciences	Pair Corr
0.56	ESPR	Esperion Therapeutics Buyout Trend	Pair Corr
0.5	XAIR	Beyond Air	Pair Corr

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

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

When determining whether Cronos Group offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Cronos' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Cronos Group Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Cronos Group Stock:

How To Invest In Cronos

Details

Is Cronos Stock a good investment?

Details

What is Cronos' Net Worth?

Details

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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 persons.

You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.

Is Pharmaceuticals space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Cronos. If investors know Cronos will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Cronos listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.144

Earnings Share

(0.12)

Revenue Per Share

0.267

Quarterly Revenue Growth

0.46

Return On Assets

(0.04)

The market value of Cronos Group is measured differently than its book value, which is the value of Cronos that is recorded on the company's balance sheet. Investors also form their own opinion of Cronos' value that differs from its market value or its book value, called intrinsic value, which is Cronos' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Cronos' market value can be influenced by many factors that don't directly affect Cronos' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Cronos' value and its price as these two are different measures arrived at by different means. Investors typically determine if Cronos is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cronos' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Cronos Net Income vs Free Cash Flow Analysis

Net Income vs Free Cash Flow

Net Income vs Free Cash Flow Correlation Analysis

Correlation Coefficient

Net Income

Free Cash Flow

Cronos fundamental ratios Correlations

Cronos Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Cronos fundamental ratios Accounts

Pair Trading with Cronos

Moving together with Cronos Stock

Moving against Cronos Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Cash	+ 1.0	Total Assets
Cash And Short Term Investments	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Current Liabilities
Cash	+ 1.0	Total Stockholder Equity

Cash	- 1.0	Net Debt
Total Current Assets	- 0.99	Net Debt
Cash And Short Term Investments	- 0.99	Net Debt
Net Debt	- 0.99	Total Stockholder Equity
Net Debt	- 0.99	Total Assets
Net Tangible Assets	- 0.98	Net Debt