SunOpta Common Stock Total Equity vs Non Current Assets Total Analysis

SOY Stock

CAD 10.80 0.41 3.66%

SunOpta financial indicator trend analysis is much more than just breaking down SunOpta prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether SunOpta is a good investment. Please check the relationship between SunOpta Common Stock Total Equity and its Non Current Assets Total accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SunOpta. 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.

To learn how to invest in SunOpta Stock, please use our How to Invest in SunOpta guide.

Common Stock Total Equity vs Non Current Assets Total

Common Stock Total Equity vs Non Current Assets Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of SunOpta Common Stock Total Equity account and Non Current Assets Total. At this time, the significance of the direction appears to have strong relationship.

The correlation between SunOpta's Common Stock Total Equity and Non Current Assets Total is 0.77. Overlapping area represents the amount of variation of Common Stock Total Equity that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of SunOpta, assuming nothing else is changed. The correlation between historical values of SunOpta's Common Stock Total Equity and Non Current Assets Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock Total Equity of SunOpta are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Common Stock Total Equity i.e., SunOpta's Common Stock Total Equity and Non Current Assets Total go up and down completely randomly.

Correlation Coefficient

0.77

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Common Stock Total Equity

The total value of common stock equity held by shareholders, representing their ownership interest in the company.

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.

Most indicators from SunOpta's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into SunOpta 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 World Market Map to better understand how to build diversified portfolios, which includes a position in SunOpta. 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.

To learn how to invest in SunOpta Stock, please use our How to Invest in SunOpta guide.As of the 3rd of December 2024, Tax Provision is likely to grow to about 3.4 M, while Selling General Administrative is likely to drop about 56.1 M.

	2021	2022	2023	2024 (projected)
Interest Expense	8.8M	14.7M	25.3M	26.6M
Depreciation And Amortization	18.6M	23.0M	31.0M	32.6M

Interest Expense Depreciation And Amortization

SunOpta fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Intangible Assets	Short Term Debt	Accounts Payable	Common Stock Total Equity	Common Stock
Total Assets		0.74	0.86	0.82	0.76	0.13	0.74	0.14	-0.02	0.77	-0.03	-0.02	0.79	0.42	0.59	0.88	0.39	-0.04	0.86	0.02	0.89	0.82	0.64	0.82	0.72	0.56
Short Long Term Debt Total	0.74		0.57	0.68	0.21	0.48	1.0	-0.43	-0.35	0.81	0.35	-0.35	0.4	0.6	0.86	0.6	0.51	0.14	0.96	0.43	0.6	0.7	0.65	0.5	0.68	0.6
Other Current Liab	0.86	0.57		0.82	0.67	-0.13	0.57	0.33	0.13	0.56	-0.08	0.13	0.73	0.13	0.38	0.83	0.38	-0.15	0.73	-0.18	0.87	0.67	0.68	0.55	0.44	0.2
Total Current Liabilities	0.82	0.68	0.82		0.48	-0.17	0.67	0.22	0.23	0.42	-0.2	0.23	0.81	0.14	0.28	0.94	0.32	-0.26	0.78	-0.23	0.94	0.63	0.96	0.67	0.4	0.15
Total Stockholder Equity	0.76	0.21	0.67	0.48		-0.03	0.2	0.49	0.2	0.53	-0.19	0.2	0.76	0.29	0.21	0.69	0.1	0.0	0.41	-0.14	0.71	0.59	0.25	0.72	0.45	0.35
Property Plant And Equipment Net	0.13	0.48	-0.13	-0.17	-0.03		0.49	-0.73	-0.48	0.65	0.76	-0.48	-0.19	0.88	0.72	-0.19	0.28	0.5	0.38	0.98	-0.17	0.08	-0.21	0.12	0.57	0.72
Net Debt	0.74	1.0	0.57	0.67	0.2	0.49		-0.44	-0.36	0.81	0.36	-0.36	0.39	0.6	0.86	0.59	0.51	0.14	0.96	0.43	0.59	0.7	0.64	0.5	0.69	0.6
Retained Earnings	0.14	-0.43	0.33	0.22	0.49	-0.73	-0.44		0.68	-0.32	-0.63	0.68	0.41	-0.63	-0.55	0.35	-0.17	-0.56	-0.24	-0.75	0.36	-0.1	0.14	0.12	-0.47	-0.57
Cash	-0.02	-0.35	0.13	0.23	0.2	-0.48	-0.36	0.68		-0.45	-0.48	1.0	0.34	-0.41	-0.58	0.28	-0.08	-0.48	-0.24	-0.46	0.3	-0.36	0.23	0.13	-0.42	-0.5
Non Current Assets Total	0.77	0.81	0.56	0.42	0.53	0.65	0.81	-0.32	-0.45		0.53	-0.45	0.42	0.77	0.92	0.46	0.33	0.29	0.85	0.58	0.49	0.69	0.26	0.57	0.77	0.75
Non Currrent Assets Other	-0.03	0.35	-0.08	-0.2	-0.19	0.76	0.36	-0.63	-0.48	0.53		-0.48	-0.13	0.65	0.61	-0.3	-0.19	0.2	0.3	0.86	-0.26	-0.08	-0.22	-0.02	0.32	0.41
Cash And Short Term Investments	-0.02	-0.35	0.13	0.23	0.2	-0.48	-0.36	0.68	1.0	-0.45	-0.48		0.34	-0.41	-0.58	0.28	-0.08	-0.48	-0.24	-0.46	0.3	-0.36	0.23	0.13	-0.42	-0.5
Net Receivables	0.79	0.4	0.73	0.81	0.76	-0.19	0.39	0.41	0.34	0.42	-0.13	0.34		0.2	0.15	0.87	-0.09	-0.32	0.58	-0.24	0.88	0.55	0.67	0.81	0.4	0.2
Common Stock Shares Outstanding	0.42	0.6	0.13	0.14	0.29	0.88	0.6	-0.63	-0.41	0.77	0.65	-0.41	0.2		0.72	0.16	0.21	0.45	0.57	0.83	0.18	0.37	0.04	0.48	0.79	0.84
Non Current Liabilities Total	0.59	0.86	0.38	0.28	0.21	0.72	0.86	-0.55	-0.58	0.92	0.61	-0.58	0.15	0.72		0.28	0.39	0.31	0.82	0.67	0.3	0.62	0.18	0.39	0.71	0.74
Inventory	0.88	0.6	0.83	0.94	0.69	-0.19	0.59	0.35	0.28	0.46	-0.3	0.28	0.87	0.16	0.28		0.32	-0.23	0.74	-0.28	0.99	0.72	0.84	0.76	0.41	0.2
Other Current Assets	0.39	0.51	0.38	0.32	0.1	0.28	0.51	-0.17	-0.08	0.33	-0.19	-0.08	-0.09	0.21	0.39	0.32		0.29	0.44	0.17	0.31	0.33	0.34	0.03	0.34	0.3
Other Stockholder Equity	-0.04	0.14	-0.15	-0.26	0.0	0.5	0.14	-0.56	-0.48	0.29	0.2	-0.48	-0.32	0.45	0.31	-0.23	0.29		0.04	0.42	-0.25	0.27	-0.27	-0.13	0.39	0.43
Total Liab	0.86	0.96	0.73	0.78	0.41	0.38	0.96	-0.24	-0.24	0.85	0.3	-0.24	0.58	0.57	0.82	0.74	0.44	0.04		0.32	0.75	0.76	0.69	0.65	0.7	0.57
Property Plant And Equipment Gross	0.02	0.43	-0.18	-0.23	-0.14	0.98	0.43	-0.75	-0.46	0.58	0.86	-0.46	-0.24	0.83	0.67	-0.28	0.17	0.42	0.32		-0.25	-0.05	-0.25	0.04	0.47	0.62
Total Current Assets	0.89	0.6	0.87	0.94	0.71	-0.17	0.59	0.36	0.3	0.49	-0.26	0.3	0.88	0.18	0.3	0.99	0.31	-0.25	0.75	-0.25		0.7	0.82	0.78	0.44	0.22
Intangible Assets	0.82	0.7	0.67	0.63	0.59	0.08	0.7	-0.1	-0.36	0.69	-0.08	-0.36	0.55	0.37	0.62	0.72	0.33	0.27	0.76	-0.05	0.7		0.5	0.63	0.69	0.55
Short Term Debt	0.64	0.65	0.68	0.96	0.25	-0.21	0.64	0.14	0.23	0.26	-0.22	0.23	0.67	0.04	0.18	0.84	0.34	-0.27	0.69	-0.25	0.82	0.5		0.48	0.24	0.0
Accounts Payable	0.82	0.5	0.55	0.67	0.72	0.12	0.5	0.12	0.13	0.57	-0.02	0.13	0.81	0.48	0.39	0.76	0.03	-0.13	0.65	0.04	0.78	0.63	0.48		0.67	0.56
Common Stock Total Equity	0.72	0.68	0.44	0.4	0.45	0.57	0.69	-0.47	-0.42	0.77	0.32	-0.42	0.4	0.79	0.71	0.41	0.34	0.39	0.7	0.47	0.44	0.69	0.24	0.67		0.94
Common Stock	0.56	0.6	0.2	0.15	0.35	0.72	0.6	-0.57	-0.5	0.75	0.41	-0.5	0.2	0.84	0.74	0.2	0.3	0.43	0.57	0.62	0.22	0.55	0.0	0.56	0.94

Click cells to compare fundamentals

SunOpta Account Relationship Matchups

SunOpta fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	923.4M	585.6M	755.1M	855.9M	669.4M	419.0M
Short Long Term Debt Total	560.0M	107.1M	275.8M	399.1M	379.1M	398.1M
Other Current Liab	80.4M	45.6M	25.8M	33.1M	36.2M	26.8M
Total Current Liabilities	405.7M	136.5M	143.4M	161.0M	154.4M	142.1M
Total Stockholder Equity	210.5M	332.9M	333.1M	347.3M	161.0M	169.5M
Property Plant And Equipment Net	253.0M	193.2M	266.8M	405.0M	425.8M	447.1M
Net Debt	558.5M	106.8M	275.6M	398.4M	378.8M	397.8M
Retained Earnings	(214.9M)	(147.7M)	(156.1M)	(155.7M)	(332.7M)	(316.1M)
Cash	1.5M	251K	227K	679K	306K	290.7K
Non Current Assets Total	433.4M	336.3M	425.2M	553.5M	485.2M	509.4M
Non Currrent Assets Other	2.0M	5.8M	5.9M	5.2M	24.8M	26.1M
Cash And Short Term Investments	1.5M	251K	227K	679K	306K	290.7K
Net Receivables	69.4M	72.7M	84.7M	59.5M	64.9M	55.4M
Common Stock Shares Outstanding	87.8M	89.2M	104.1M	107.7M	114.2M	119.9M
Liabilities And Stockholders Equity	923.4M	585.6M	755.1M	855.9M	669.4M	419.0M
Non Current Liabilities Total	305.3M	116.2M	278.6M	347.6M	339.5M	356.5M
Inventory	323.5M	147.7M	220.1M	207.0M	83.2M	133.0M
Other Current Assets	266.9M	28.6M	24.9M	167.7M	35.9M	33.5M
Other Stockholder Equity	35.8M	65.5M	23.2M	61.2M	27.5M	42.7M
Total Liab	710.9M	252.7M	422.0M	508.6M	508.4M	533.8M
Property Plant And Equipment Gross	253.0M	193.2M	266.8M	405.0M	552.8M	580.5M
Total Current Assets	490.0M	249.3M	330.0M	302.4M	184.2M	214.3M
Intangible Assets	150.0M	133.3M	148.4M	135.6M	30.6M	57.0M
Accumulated Other Comprehensive Income	(7.3M)	(9.7M)	(11.3M)	1.4M	2.0M	2.1M
Short Term Debt	260.2M	16.2M	12.2M	51.0M	42.4M	75.2M
Accounts Payable	63.7M	73.2M	105.4M	76.0M	75.8M	54.8M
Common Stock Total Equity	308.9M	314.4M	318.5M	326.5M	375.5M	195.3M
Common Stock	318.5M	326.5M	436.5M	440.3M	464.2M	237.6M
Good Will	109.5M	28.0M	28.4M	4.0M	3.6M	3.4M
Current Deferred Revenue	37K	1.4M	(37.7M)	15.3M	13.8M	14.5M
Other Liab	10.2M	18.8M	25.4M	24.7M	22.3M	29.9M
Net Tangible Assets	(29.1M)	71.5M	144.4M	171.6M	154.4M	162.2M
Other Assets	61.5M	5.8M	5.9M	8.9M	8.0M	7.6M
Long Term Debt	228.5M	66.2M	214.8M	179.2M	238.9M	197.7M
Short Long Term Debt	248.5M	3.5M	9.8M	38.5M	24.3M	23.1M
Property Plant Equipment	214.8M	184.0M	258.6M	405.0M	465.7M	489.0M
Long Term Debt Total	242.2M	66.2M	214.8M	270.0M	243.0M	179.6M
Capital Surpluse	35.8M	37.9M	23.2M	33.2M	38.2M	32.7M

Pair Trading with SunOpta

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

Moving together with SunOpta Stock

0.67	FFH-PH	Fairfax Financial	Pair Corr
0.62	BMO-PE	Bank of Montreal Earnings Call This Week	Pair Corr
0.69	BMO	Bank of Montreal Earnings Call This Week	Pair Corr
0.76	RY-PS	Royal Bank Earnings Call Tomorrow	Pair Corr

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

The correlation of SunOpta 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 SunOpta moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SunOpta 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 SunOpta 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 SunOpta is a strong investment it is important to analyze SunOpta's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact SunOpta's future performance. For an informed investment choice regarding SunOpta Stock, refer to the following important reports:

How To Invest In SunOpta

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Is SunOpta Stock a good investment?

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What is SunOpta's Net Worth?

Details

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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SunOpta. 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.

To learn how to invest in SunOpta Stock, please use our How to Invest in SunOpta guide.

You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .

Please note, there is a significant difference between SunOpta's value and its price as these two are different measures arrived at by different means. Investors typically determine if SunOpta is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SunOpta's 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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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SunOpta Common Stock Total Equity vs Non Current Assets Total Analysis

Common Stock Total Equity vs Non Current Assets Total

Common Stock Total Equity vs Non Current Assets Total Correlation Analysis

Correlation Coefficient

Common Stock Total Equity

Non Current Assets Total

SunOpta fundamental ratios Correlations

SunOpta Account Relationship Matchups

High Positive Relationship

High Negative Relationship

SunOpta fundamental ratios Accounts

Pair Trading with SunOpta

Moving together with SunOpta Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Net Debt	+ 1.0	Short Long Term Debt Total
Cash And Short Term Investments	+ 1.0	Cash
Total Current Assets	+ 0.99	Inventory
Property Plant And Equipment Gross	+ 0.98	Property Plant And Equipment Net
Total Liab	+ 0.96	Short Long Term Debt Total
Short Term Debt	+ 0.96	Total Current Liabilities

Property Plant And Equipment Gross	- 0.75	Retained Earnings
Retained Earnings	- 0.73	Property Plant And Equipment Net
Common Stock Shares Outstanding	- 0.63	Retained Earnings
Non Currrent Assets Other	- 0.63	Retained Earnings
Non Current Liabilities Total	- 0.58	Cash And Short Term Investments
Non Current Liabilities Total	- 0.58	Cash