Canopy Historical Cash Flow
| WEED Stock | CAD 4.04 0.14 3.59% |
Analysis of Canopy Growth cash flow over time is an excellent tool to project Canopy Growth Corp 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 Change In Cash of 3.7 M or Stock Based Compensation of 13.5 M as it is a great indicator of Canopy Growth ability to facilitate future growth, repay debt on time or pay out dividends.
Financial Statement Analysis is much more than just reviewing and examining Canopy Growth Corp 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 Canopy Growth Corp is a good buy for the upcoming year.
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About Canopy Cash Flow Analysis
The Cash Flow Statement is a financial statement that shows how changes in Canopy 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 Canopy's non-liquid assets can be easily converted into cash.
Canopy Growth Cash Flow Chart
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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.Free Cash Flow
The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.Change In Working Capital
The difference in the amount of working capital from one period to the next, indicating the change in a company's short-term assets and liabilities.Capital Expenditures
Capital Expenditures are funds used by Canopy Growth Corp to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Canopy Growth operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Canopy Growth Corp financial statement analysis. It represents the amount of money remaining after all of Canopy Growth Corp operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Most accounts from Canopy Growth's cash flow statement are interrelated and interconnected. However, analyzing cash flow statement accounts one by one will only give a small insight into Canopy Growth Corp 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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Canopy Growth Corp. 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. Canopy Growth reported last year Change In Cash of (506.71 Million). As of the 20th of December 2024, Capital Expenditures is likely to grow to about 11.2 M, while Stock Based Compensation is likely to drop about 13.5 M.
| 2020 | 2021 | 2022 | 2023 (projected) | Begin Period Cash Flow | 1.3B | 1.2B | 776.0M | 677.0M | End Period Cash Flow | 1.2B | 776.0M | 677.0M | 170.3M |
Canopy Growth cash flow statement Correlations
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Canopy Growth Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Canopy Growth cash flow statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change In Cash | 2.2B | (1.2B) | (148.5M) | (378.6M) | (99.0M) | (506.7M) | |
| Stock Based Compensation | 320.3M | 91.1M | 46.7M | 25.3M | 14.2M | 13.5M | |
| Free Cash Flow | (1.5B) | (639.9M) | (593.9M) | (568.1M) | (285.9M) | (300.2M) | |
| Change In Working Capital | (203.8M) | (4.3M) | 165.6M | 65.8M | (38.7M) | (36.8M) | |
| Other Cashflows From Financing Activities | 28.9M | 43.0M | 387.2M | 2.5M | (37.7M) | (36.3M) | |
| Capital Expenditures | 682.7M | 721.9M | 174.1M | 48.1M | 10.6M | 4.0M | |
| Total Cash From Operating Activities | (520.5M) | (772.6M) | (465.7M) | (545.8M) | (557.5M) | (282.0M) | |
| Net Income | (670.1M) | (1.4B) | (1.7B) | (320.5M) | (3.3B) | (483.7M) | |
| Total Cash From Financing Activities | 5.8B | (57.2M) | 1.3B | (45.5M) | (19.7M) | (465.1M) | |
| End Period Cash Flow | 2.5B | 1.3B | 1.2B | 776.0M | 677.0M | 170.3M | |
| Begin Period Cash Flow | 322.6M | 2.5B | 1.3B | 1.2B | 776.0M | 677.0M | |
| Other Non Cash Items | 494.9M | 1.0B | (543.9M) | 2.6B | 160.7M | 152.7M | |
| Depreciation | 46.9M | 125.0M | 127.1M | 114.4M | 84.5M | 53.2M | |
| Sale Purchase Of Stock | 5.3B | 43.0M | 403.5M | 8.3M | 1.3M | 23.8M | |
| Change To Inventory | (144.9M) | (177.1M) | 17.2M | 173.2M | 55.6M | 1.0M | |
| Net Borrowings | 595.3M | (100.2M) | 877.5M | (50.8M) | 2.1M | 2.0M | |
| Total Cashflows From Investing Activities | (3.2B) | (347.7M) | (884.1M) | 230.8M | 433.4M | (12.6M) | |
| Change To Account Receivables | (67.7M) | 21.0M | (12.0M) | 13.6M | (9.9M) | (3.7M) | |
| Change To Operating Activities | 13.3M | (192.2M) | 77K | 24.5M | (99.0K) | (104.0K) | |
| Change To Netincome | 284.1M | 792.8M | 1.1B | (523.6M) | 3.7M | 3.5M | |
| Change To Liabilities | 69.5M | (20.8M) | 16.5M | (35.8M) | (801.9K) | (761.8K) | |
| Investments | (347.7M) | (497.6M) | 166.6M | 433.4M | 241.6M | 253.7M | |
| Issuance Of Capital Stock | 1.2M | 1.4M | 2.7M | 1.0M | 81.1M | 77.0M |
Pair Trading with Canopy Growth
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 Canopy Growth 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 Canopy Growth will appreciate offsetting losses from the drop in the long position's value.Moving together with Canopy Stock
Moving against Canopy Stock
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The ability to find closely correlated positions to Canopy Growth could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canopy Growth 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 Canopy Growth - 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 Canopy Growth Corp to buy it.
The correlation of Canopy Growth 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 Canopy Growth moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canopy Growth Corp 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 Canopy Growth 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.Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Canopy Growth Corp. 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 Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.