Canoe Historical Balance Sheet

EIT-UN Stock

CAD 15.07 0.21 1.37%

Trend analysis of Canoe EIT Income balance sheet accounts such as Total Current Liabilities of 83.6 M or Total Stockholder Equity of 1.6 B provides information on Canoe EIT's total assets, liabilities, and equity, which is the actual value of Canoe EIT Income to its prevalent stockholders. By breaking down trends over time using Canoe EIT balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.

Cash Flow Balance Sheet Income Statement

Housing Crash

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Yuan Drop

Covid

Financial Statement Analysis is much more than just reviewing and examining Canoe EIT Income latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Canoe EIT Income is a good buy for the upcoming year.

Canoe EIT Inventory

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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.

About Canoe Balance Sheet Analysis

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

Canoe EIT Balance Sheet Chart

At present, Canoe EIT's Short and Long Term Debt Total is projected to decrease significantly based on the last few years of reporting. The current year's Net Receivables is expected to grow to about 9.7 M, whereas Total Assets are forecasted to decline to about 1.9 B.

Total Assets Short Long Term Debt Total Other Current Liab Total Current Liabilities Total Stockholder Equity Total Liab

Total Assets

Total assets refers to the total amount of Canoe EIT assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Canoe EIT Income books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Total Current Liabilities

Total Current Liabilities is an item on Canoe EIT balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Canoe EIT Income are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

Total Liab

The total amount of all liabilities that a company has, including both short-term and long-term liabilities.

Most accounts from Canoe EIT's balance sheet are interrelated and interconnected. However, analyzing balance sheet 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 balance sheet 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.

	2021	2022	2023	2024 (projected)
Short and Long Term Debt Total	91.6M	98.1M	96.0M	122.1M
Total Assets	2.2B	2.5B	2.7B	1.9B

Short Long Term Debt Total Total Assets

Canoe EIT balance sheet Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Debt	Cash	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Accounts Payable	Current Deferred Revenue	Non Current Assets Total	Non Currrent Assets Other	Non Current Liabilities Total	Other Assets	Common Stock	Net Tangible Assets	Net Invested Capital	Long Term Investments
Total Assets		-0.15	-0.06	0.26	0.99	0.02	-0.13	0.01	0.21	0.86	-0.02	0.23	0.18	0.65	0.01	-0.11	0.69	0.26	0.94	-0.88	-0.17	-0.04	0.95	0.94	0.43	0.93
Short Long Term Debt Total	-0.15		0.78	0.72	-0.15	0.58	-0.06	0.75	0.87	-0.43	0.63	0.25	-0.68	-0.09	0.75	0.97	-0.49	0.31	-0.33	0.3	0.97	0.91	-0.32	-0.3	-0.27	-0.3
Other Current Liab	-0.06	0.78		0.7	-0.07	0.38	0.05	0.81	0.82	-0.36	0.71	0.16	-0.13	0.04	0.81	0.73	-0.45	0.58	-0.29	0.3	0.78	0.57	-0.28	-0.26	-0.29	-0.27
Total Current Liabilities	0.26	0.72	0.7		0.25	0.49	-0.15	0.87	0.73	-0.06	0.72	0.24	-0.31	0.17	0.87	0.82	-0.28	0.79	0.03	-0.05	0.63	0.56	0.03	0.05	-0.04	0.06
Total Stockholder Equity	0.99	-0.15	-0.07	0.25		0.08	-0.22	0.0	0.21	0.84	0.0	0.18	0.16	0.53	0.0	-0.11	0.65	0.24	0.94	-0.88	-0.17	-0.04	0.96	0.95	0.39	0.94
Net Debt	0.02	0.58	0.38	0.49	0.08		-0.84	0.34	0.57	-0.11	0.45	0.29	-0.54	-0.34	0.34	0.58	-0.36	0.15	0.03	-0.05	0.59	0.64	-0.05	-0.02	-0.34	0.08
Cash	-0.13	-0.06	0.05	-0.15	-0.22	-0.84		0.09	-0.16	-0.15	-0.16	-0.2	0.26	0.35	0.08	-0.08	0.11	0.02	-0.26	0.32	-0.07	-0.19	-0.16	-0.17	0.13	-0.31
Cash And Short Term Investments	0.01	0.75	0.81	0.87	0.0	0.34	0.09		0.67	-0.39	0.88	0.14	-0.23	0.07	1.0	0.84	-0.57	0.8	-0.28	0.31	0.72	0.59	-0.26	-0.24	-0.23	-0.28
Net Receivables	0.21	0.87	0.82	0.73	0.21	0.57	-0.16	0.67		-0.1	0.64	0.34	-0.5	0.15	0.67	0.81	-0.22	0.38	0.02	-0.09	0.83	0.79	0.03	0.04	0.02	0.08
Common Stock Shares Outstanding	0.86	-0.43	-0.36	-0.06	0.84	-0.11	-0.15	-0.39	-0.1		-0.44	0.09	0.33	0.61	-0.38	-0.41	0.91	-0.02	0.95	-0.88	-0.48	-0.32	0.93	0.93	0.46	0.94
Short Term Investments	-0.02	0.63	0.71	0.72	0.0	0.45	-0.16	0.88	0.64	-0.44		0.16	-0.27	-0.07	0.88	0.7	-0.69	0.7	-0.3	0.21	0.63	0.56	-0.29	-0.29	-0.09	-0.26
Other Current Assets	0.23	0.25	0.16	0.24	0.18	0.29	-0.2	0.14	0.34	0.09	0.16		-0.29	0.37	0.15	0.24	0.1	0.07	0.19	-0.21	0.24	0.35	0.13	0.12	0.04	0.16
Other Stockholder Equity	0.18	-0.68	-0.13	-0.31	0.16	-0.54	0.26	-0.23	-0.5	0.33	-0.27	-0.29		0.22	-0.23	-0.65	0.32	0.23	0.2	-0.08	-0.65	-0.82	0.21	0.21	0.03	0.16
Total Liab	0.65	-0.09	0.04	0.17	0.53	-0.34	0.35	0.07	0.15	0.61	-0.07	0.37	0.22		0.07	-0.07	0.62	0.25	0.55	-0.51	-0.14	-0.03	0.54	0.53	0.46	0.5
Total Current Assets	0.01	0.75	0.81	0.87	0.0	0.34	0.08	1.0	0.67	-0.38	0.88	0.15	-0.23	0.07		0.84	-0.57	0.8	-0.28	0.3	0.72	0.59	-0.26	-0.24	-0.23	-0.28
Short Term Debt	-0.11	0.97	0.73	0.82	-0.11	0.58	-0.08	0.84	0.81	-0.41	0.7	0.24	-0.65	-0.07	0.84		-0.52	0.47	-0.31	0.29	0.91	0.86	-0.31	-0.29	-0.25	-0.28
Accounts Payable	0.69	-0.49	-0.45	-0.28	0.65	-0.36	0.11	-0.57	-0.22	0.91	-0.69	0.1	0.32	0.62	-0.57	-0.52		-0.25	0.83	-0.76	-0.54	-0.4	0.83	0.81	0.44	0.8
Current Deferred Revenue	0.26	0.31	0.58	0.79	0.24	0.15	0.02	0.8	0.38	-0.02	0.7	0.07	0.23	0.25	0.8	0.47	-0.25		0.02	-0.01	0.22	0.09	0.03	0.03	-0.03	0.03
Non Current Assets Total	0.94	-0.33	-0.29	0.03	0.94	0.03	-0.26	-0.28	0.02	0.95	-0.3	0.19	0.2	0.55	-0.28	-0.31	0.83	0.02		-0.93	-0.35	-0.18	0.99	0.98	0.39	0.99
Non Currrent Assets Other	-0.88	0.3	0.3	-0.05	-0.88	-0.05	0.32	0.31	-0.09	-0.88	0.21	-0.21	-0.08	-0.51	0.3	0.29	-0.76	-0.01	-0.93		0.38	0.17	-0.92	-0.89	-0.62	-0.96
Non Current Liabilities Total	-0.17	0.97	0.78	0.63	-0.17	0.59	-0.07	0.72	0.83	-0.48	0.63	0.24	-0.65	-0.14	0.72	0.91	-0.54	0.22	-0.35	0.38		0.93	-0.35	-0.31	-0.38	-0.33
Other Assets	-0.04	0.91	0.57	0.56	-0.04	0.64	-0.19	0.59	0.79	-0.32	0.56	0.35	-0.82	-0.03	0.59	0.86	-0.4	0.09	-0.18	0.17	0.93		-0.19	-0.17	-0.25	-0.16
Common Stock	0.95	-0.32	-0.28	0.03	0.96	-0.05	-0.16	-0.26	0.03	0.93	-0.29	0.13	0.21	0.54	-0.26	-0.31	0.83	0.03	0.99	-0.92	-0.35	-0.19		0.99	0.43	0.98
Net Tangible Assets	0.94	-0.3	-0.26	0.05	0.95	-0.02	-0.17	-0.24	0.04	0.93	-0.29	0.12	0.21	0.53	-0.24	-0.29	0.81	0.03	0.98	-0.89	-0.31	-0.17	0.99		0.35	0.97
Net Invested Capital	0.43	-0.27	-0.29	-0.04	0.39	-0.34	0.13	-0.23	0.02	0.46	-0.09	0.04	0.03	0.46	-0.23	-0.25	0.44	-0.03	0.39	-0.62	-0.38	-0.25	0.43	0.35		0.45
Long Term Investments	0.93	-0.3	-0.27	0.06	0.94	0.08	-0.31	-0.28	0.08	0.94	-0.26	0.16	0.16	0.5	-0.28	-0.28	0.8	0.03	0.99	-0.96	-0.33	-0.16	0.98	0.97	0.45

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Canoe EIT Account Relationship Matchups

Canoe EIT balance sheet Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.6B	1.5B	2.2B	2.5B	2.7B	1.9B
Short Long Term Debt Total	94.1M	92.2M	91.6M	98.1M	96.0M	122.1M
Other Current Liab	(108.9M)	(107.1M)	(109.3M)	(117.8M)	(117.6M)	(111.8M)
Total Current Liabilities	14.8M	14.9M	17.6M	19.7M	135.7M	83.6M
Total Stockholder Equity	1.3B	1.2B	1.9B	2.2B	2.3B	1.6B
Net Debt	(73.1M)	48.5M	(53.8M)	(139K)	81.2M	53.4M
Cash	167.1M	43.8M	145.5M	98.2M	14.8M	14.0M
Cash And Short Term Investments	167.1M	43.8M	145.5M	98.2M	14.8M	14.0M
Net Receivables	2.6M	3.2M	5.7M	6.7M	6.1M	9.7M
Common Stock Shares Outstanding	114.0M	119.7M	132.4M	152.5M	169.3M	117.9M
Liabilities And Stockholders Equity	1.6B	1.5B	2.2B	2.5B	2.7B	1.9B
Other Current Assets	(169.7M)	(46.9M)	(151.2M)	(104.9M)	(20.8M)	(21.9M)
Total Liab	324.8M	324.1M	327.4M	337.2M	338.3M	277.1M
Total Current Assets	169.7M	46.9M	151.2M	104.9M	20.8M	19.8M
Short Term Debt	94.1M	92.2M	91.6M	98.1M	96.0M	119.0M
Accounts Payable	14.8M	14.9M	17.6M	19.7M	21.6M	14.6M
Current Deferred Revenue	(79.3M)	(77.4M)	(74.0M)	(78.4M)	(74.3M)	(78.1M)
Non Current Assets Total	1.4B	1.5B	2.1B	2.4B	2.6B	1.7B
Non Currrent Assets Other	(1.4B)	(1.5B)	(2.1B)	(2.4B)	(2.6B)	(2.5B)
Non Current Liabilities Total	94.1M	92.2M	91.6M	98.1M	96.0M	88.6M
Common Stock	1.3B	1.2B	1.9B	2.2B	2.3B	1.6B
Net Tangible Assets	1.1B	1.3B	1.2B	1.9B	2.2B	1.4B
Net Invested Capital	94.1M	92.2M	91.6M	98.1M	96.0M	104.0M
Long Term Investments	1.4B	1.5B	2.1B	2.4B	2.6B	1.9B

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

0.72	NVDA	NVIDIA CDR	Pair Corr
0.75	AMZN	Amazon CDR	Pair Corr

Moving against Canoe Stock

0.64

TKU

Tarku Resources

Pair Corr

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.

Pair Correlation Correlation Matching

Other Information on Investing in Canoe Stock

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Canoe Historical Balance Sheet

Canoe EIT Inventory

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About Canoe Balance Sheet Analysis

Canoe EIT Balance Sheet Chart

Total Assets

Total Current Liabilities

Total Stockholder Equity

Total Liab

Canoe EIT balance sheet Correlations

Canoe EIT Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Canoe EIT balance sheet Accounts

Pair Trading with Canoe EIT

Moving together with Canoe Stock

Moving against Canoe Stock

Other Information on Investing in Canoe Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Current Assets	+ 1.0	Cash And Short Term Investments
Total Stockholder Equity	+ 0.99	Total Assets
Common Stock	+ 0.99	Non Current Assets Total
Long Term Investments	+ 0.99	Non Current Assets Total
Net Tangible Assets	+ 0.99	Common Stock
Net Tangible Assets	+ 0.98	Non Current Assets Total

Long Term Investments	- 0.96	Non Currrent Assets Other
Non Currrent Assets Other	- 0.93	Non Current Assets Total
Common Stock	- 0.92	Non Currrent Assets Other
Net Tangible Assets	- 0.89	Non Currrent Assets Other
Non Currrent Assets Other	- 0.88	Common Stock Shares Outstanding
Non Currrent Assets Other	- 0.88	Total Stockholder Equity