Canoe Historical Cash Flow
| EIT-UN Stock | CAD 15.07 0.21 1.37% |
Analysis of Canoe EIT cash flow over time is an excellent tool to project Canoe EIT Income future capital expenditures as well as to predict the amount of cash needed to cover cost of sales, R&D expenses or production expansions. Investors should almost always look for trends in cash flow indicators such as Dividends Paid of 211.9 M or Capital Expenditures of 0.0 as it is a great indicator of Canoe EIT ability to facilitate future growth, repay debt on time or pay out dividends.
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About Canoe Cash Flow Analysis
The Cash Flow Statement is a financial statement that shows how changes in Canoe balance sheet and income statement accounts affect cash and cash equivalents. It breaks the analysis down to operating, investing, and financing activities. One of the most critical aspects of the cash flow statement is liquidity, which is the degree to which Canoe's non-liquid assets can be easily converted into cash.
Canoe EIT Cash Flow Chart
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Free Cash Flow
The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.Begin Period Cash Flow
The amount of cash a company has at the beginning of a financial reporting period. It serves as the starting point for calculating the period's cash flow from operations, investing, and financing activities.Dividends Paid
The total amount of dividends that a company has paid out to its shareholders over a specific period.Capital Expenditures
Capital Expenditures are funds used by Canoe EIT Income to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Canoe EIT operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.Most accounts from Canoe EIT's cash flow statement are interrelated and interconnected. However, analyzing cash flow statement accounts one by one will only give a small insight into Canoe EIT Income current financial condition. On the other hand, looking into the entire matrix of cash flow statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Canoe EIT Income. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment. At present, Canoe EIT's Dividends Paid is projected to increase significantly based on the last few years of reporting. The current year's Net Income is expected to grow to about 137.9 M, whereas Sale Purchase Of Stock is forecasted to decline to (794.9 K).
Canoe EIT cash flow statement Correlations
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Canoe EIT Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Canoe EIT cash flow statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Sale Purchase Of Stock | (1.6M) | (695K) | (400K) | (993K) | (757K) | (794.9K) | |
| Change In Cash | (192.0M) | (123.4M) | 101.7M | (47.2M) | (83.5M) | (79.3M) | |
| Free Cash Flow | (236.5M) | (9.4M) | (12.1M) | (50.1M) | (112.8M) | (107.1M) | |
| Begin Period Cash Flow | 359.1M | 167.1M | 43.8M | 145.5M | 98.2M | 94.9M | |
| Other Cashflows From Financing Activities | 1.0M | 1.1M | 558K | 7.7M | (823K) | (781.9K) | |
| Other Non Cash Items | (404.1M) | (68.9M) | (588.0M) | (533K) | (237.5M) | (225.6M) | |
| Dividends Paid | 110.8M | 143.5M | 156.9M | 182.1M | 201.8M | 211.9M | |
| Total Cash From Operating Activities | (236.5M) | (9.4M) | (12.1M) | (50.1M) | (112.8M) | (107.1M) | |
| Net Income | 167.6M | 59.6M | 575.9M | 255.4M | 124.7M | 137.9M | |
| Total Cash From Financing Activities | 48.5M | (115.9M) | 115.4M | 8.7M | 27.6M | 29.0M | |
| End Period Cash Flow | 167.1M | 43.8M | 145.5M | 98.2M | 14.8M | 14.0M | |
| Change To Netincome | 270.5M | (404.1M) | (68.9M) | (588.0M) | (529.2M) | (502.7M) | |
| Issuance Of Capital Stock | 159.9M | 29.6M | 272.2M | 184.1M | 231.0M | 187.3M |
Pair Trading with Canoe EIT
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 Canoe EIT 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 Canoe EIT will appreciate offsetting losses from the drop in the long position's value.Moving together with Canoe Stock
Moving against Canoe Stock
The ability to find closely correlated positions to Canoe EIT could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canoe EIT 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 Canoe EIT - 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 Canoe EIT Income to buy it.
The correlation of Canoe EIT 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 Canoe EIT moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canoe EIT Income 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 Canoe EIT 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.Other Information on Investing in Canoe Stock
The Cash Flow Statement is a financial statement that shows how changes in Canoe balance sheet and income statement accounts affect cash and cash equivalents. It breaks the analysis down to operating, investing, and financing activities. One of the most critical aspects of the cash flow statement is liquidity, which is the degree to which Canoe's non-liquid assets can be easily converted into cash.