Canopy Historical Balance Sheet

WEED Stock

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Trend analysis of Canopy Growth Corp balance sheet accounts such as Total Assets of 26 M, Other Current Liab of 79.9 M, Total Current Liabilities of 2.7 M or Total Stockholder Equity of 21.7 M provides information on Canopy Growth's total assets, liabilities, and equity, which is the actual value of Canopy Growth Corp to its prevalent stockholders. By breaking down trends over time using Canopy Growth 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

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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.

Canopy Growth Inventory

77.29 Million

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.

About Canopy Balance Sheet Analysis

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

Canopy Growth Balance Sheet Chart

At this time, Canopy Growth's Short and Long Term Debt Total is very stable compared to the past year. As of the 18th of December 2024, Property Plant And Equipment Net is likely to grow to about 592.1 M, while Total Assets are likely to drop about 26 M.

Total Assets Other Current Liab Total Current Liabilities Total Stockholder Equity

Add Fundamental

Total Assets

Total assets refers to the total amount of Canopy Growth 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 Canopy Growth Corp 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 Canopy Growth balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Canopy Growth Corp 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.

Most accounts from Canopy Growth's balance sheet are interrelated and interconnected. However, analyzing balance sheet 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 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 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.

	2021	2022	2023 (projected)
Other Current Liabilities	139.3M	181.0M	76.4M
Total Assets	5.6B	2.4B	1.3B

Other Current Liab Total Assets

Canopy Growth balance sheet Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Cash	Cash And Short Term Investments	Common Stock Shares Outstanding	Short Term Investments	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Accounts Payable	Common Stock Total Equity	Non Current Liabilities Total	Common Stock	Short Long Term Debt Total	Property Plant And Equipment Net	Non Current Assets Total	Short Term Debt	Intangible Assets	Net Tangible Assets	Long Term Debt	Net Receivables
Total Assets		0.82	0.63	0.97	-0.4	-0.4	0.95	0.94	0.74	0.91	0.51	0.75	0.86	0.96	0.93	0.64	0.8	0.75	0.74	0.92	0.96	0.15	0.96	0.89	0.8	0.95
Other Current Liab	0.82		0.8	0.71	0.02	-0.68	0.7	0.66	0.5	0.56	0.72	0.88	0.89	0.7	0.67	0.83	0.85	0.84	0.84	0.92	0.89	0.44	0.8	0.54	0.76	0.88
Total Current Liabilities	0.63	0.8		0.53	-0.04	-0.74	0.65	0.57	0.26	0.45	0.95	0.81	0.71	0.6	0.58	0.66	0.52	0.82	0.71	0.62	0.6	0.85	0.67	0.44	0.6	0.77
Total Stockholder Equity	0.97	0.71	0.53		-0.56	-0.24	0.97	0.96	0.69	0.93	0.46	0.63	0.72	0.97	0.98	0.56	0.66	0.64	0.6	0.88	0.91	0.06	0.96	0.97	0.67	0.88
Net Debt	-0.4	0.02	-0.04	-0.56		-0.46	-0.58	-0.57	-0.05	-0.57	-0.13	0.13	0.08	-0.55	-0.65	0.17	0.17	0.11	0.28	-0.24	-0.21	0.19	-0.5	-0.73	0.18	-0.17
Retained Earnings	-0.4	-0.68	-0.74	-0.24	-0.46		-0.27	-0.22	-0.26	-0.13	-0.64	-0.9	-0.68	-0.27	-0.23	-0.71	-0.57	-0.9	-0.74	-0.44	-0.47	-0.64	-0.37	-0.05	-0.67	-0.65
Cash	0.95	0.7	0.65	0.97	-0.58	-0.27		0.99	0.65	0.95	0.56	0.62	0.72	0.99	0.97	0.57	0.63	0.65	0.62	0.82	0.85	0.23	0.94	0.96	0.65	0.87
Cash And Short Term Investments	0.94	0.66	0.57	0.96	-0.57	-0.22	0.99		0.69	0.98	0.46	0.58	0.71	1.0	0.96	0.56	0.66	0.61	0.62	0.81	0.84	0.15	0.91	0.96	0.67	0.85
Common Stock Shares Outstanding	0.74	0.5	0.26	0.69	-0.05	-0.26	0.65	0.69		0.72	0.06	0.48	0.7	0.7	0.6	0.53	0.77	0.54	0.73	0.62	0.74	-0.09	0.6	0.61	0.81	0.71
Short Term Investments	0.91	0.56	0.45	0.93	-0.57	-0.13	0.95	0.98	0.72		0.32	0.49	0.67	0.97	0.9	0.48	0.65	0.53	0.58	0.74	0.79	0.03	0.85	0.93	0.66	0.79
Other Current Assets	0.51	0.72	0.95	0.46	-0.13	-0.64	0.56	0.46	0.06	0.32		0.7	0.53	0.5	0.52	0.56	0.33	0.7	0.52	0.54	0.48	0.85	0.64	0.38	0.38	0.64
Other Stockholder Equity	0.75	0.88	0.81	0.63	0.13	-0.9	0.62	0.58	0.48	0.49	0.7		0.87	0.63	0.6	0.81	0.77	0.99	0.85	0.77	0.79	0.5	0.72	0.45	0.83	0.91
Total Liab	0.86	0.89	0.71	0.72	0.08	-0.68	0.72	0.71	0.7	0.67	0.53	0.87		0.75	0.64	0.71	0.95	0.86	0.91	0.81	0.89	0.33	0.76	0.54	0.95	0.91
Total Current Assets	0.96	0.7	0.6	0.97	-0.55	-0.27	0.99	1.0	0.7	0.97	0.5	0.63	0.75		0.96	0.57	0.69	0.66	0.65	0.83	0.87	0.17	0.94	0.95	0.7	0.88
Accounts Payable	0.93	0.67	0.58	0.98	-0.65	-0.23	0.97	0.96	0.6	0.9	0.52	0.6	0.64	0.96		0.55	0.55	0.62	0.52	0.84	0.84	0.14	0.94	0.98	0.57	0.85
Common Stock Total Equity	0.64	0.83	0.66	0.56	0.17	-0.71	0.57	0.56	0.53	0.48	0.56	0.81	0.71	0.57	0.55		0.75	0.82	0.85	0.79	0.72	0.4	0.61	0.43	0.68	0.76
Non Current Liabilities Total	0.8	0.85	0.52	0.66	0.17	-0.57	0.63	0.66	0.77	0.65	0.33	0.77	0.95	0.69	0.55	0.75		0.75	0.91	0.82	0.87	0.14	0.67	0.48	0.92	0.82
Common Stock	0.75	0.84	0.82	0.64	0.11	-0.9	0.65	0.61	0.54	0.53	0.7	0.99	0.86	0.66	0.62	0.82	0.75		0.86	0.73	0.77	0.54	0.72	0.48	0.84	0.91
Short Long Term Debt Total	0.74	0.84	0.71	0.6	0.28	-0.74	0.62	0.62	0.73	0.58	0.52	0.85	0.91	0.65	0.52	0.85	0.91	0.86		0.75	0.8	0.44	0.62	0.43	0.94	0.85
Property Plant And Equipment Net	0.92	0.92	0.62	0.88	-0.24	-0.44	0.82	0.81	0.62	0.74	0.54	0.77	0.81	0.83	0.84	0.79	0.82	0.73	0.75		0.97	0.15	0.89	0.76	0.72	0.89
Non Current Assets Total	0.96	0.89	0.6	0.91	-0.21	-0.47	0.85	0.84	0.74	0.79	0.48	0.79	0.89	0.87	0.84	0.72	0.87	0.77	0.8	0.97		0.11	0.91	0.78	0.83	0.94
Short Term Debt	0.15	0.44	0.85	0.06	0.19	-0.64	0.23	0.15	-0.09	0.03	0.85	0.5	0.33	0.17	0.14	0.4	0.14	0.54	0.44	0.15	0.11		0.22	0.0	0.26	0.36
Intangible Assets	0.96	0.8	0.67	0.96	-0.5	-0.37	0.94	0.91	0.6	0.85	0.64	0.72	0.76	0.94	0.94	0.61	0.67	0.72	0.62	0.89	0.91	0.22		0.89	0.66	0.9
Net Tangible Assets	0.89	0.54	0.44	0.97	-0.73	-0.05	0.96	0.96	0.61	0.93	0.38	0.45	0.54	0.95	0.98	0.43	0.48	0.48	0.43	0.76	0.78	0.0	0.89		0.5	0.76
Long Term Debt	0.8	0.76	0.6	0.67	0.18	-0.67	0.65	0.67	0.81	0.66	0.38	0.83	0.95	0.7	0.57	0.68	0.92	0.84	0.94	0.72	0.83	0.26	0.66	0.5		0.88
Net Receivables	0.95	0.88	0.77	0.88	-0.17	-0.65	0.87	0.85	0.71	0.79	0.64	0.91	0.91	0.88	0.85	0.76	0.82	0.91	0.85	0.89	0.94	0.36	0.9	0.76	0.88

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Canopy Growth Account Relationship Matchups

Canopy Growth balance sheet Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	8.7B	6.9B	6.8B	5.6B	2.4B	1.3B
Other Current Liab	240.4M	207.2M	139.3M	181.0M	76.4M	79.9M
Total Current Liabilities	411.7M	420.6M	284.3M	212.9M	803.8M	234.7M
Total Stockholder Equity	7.0B	4.9B	3.5B	3.6B	758.4M	500.4M
Net Debt	(677.4M)	428.3M	725.0M	629.9M	497.7M	522.6M
Retained Earnings	(777.1M)	(4.3B)	(6.1B)	(6.4B)	(9.7B)	(10.3B)
Cash	2.5B	1.3B	1.2B	776.0M	677.0M	170.3M
Cash And Short Term Investments	2.0B	2.3B	1.4B	782.6M	205.8M	195.5M
Common Stock Shares Outstanding	34.8M	371.7M	391.3M	46.4M	74.8M	122.0M
Short Term Investments	673.3M	1.1B	595.7M	105.6M	33.2M	31.5M
Liabilities And Stockholders Equity	6.9B	6.8B	5.6B	2.4B	1.3B	2.5B
Other Current Assets	64.4M	92.9M	19.1M	19.1M	139.9M	38.6M
Other Stockholder Equity	1.6B	2.6B	2.4B	2.5B	2.5B	2.6B
Total Liab	1.5B	1.7B	3.2B	2.0B	1.7B	799.8M
Total Current Assets	5.1B	2.6B	2.8B	1.7B	1.1B	371.2M
Accounts Payable	188.9M	123.4M	67.3M	64.3M	31.8M	28.7M
Non Current Liabilities Total	1.3B	2.9B	1.8B	875.2M	565.1M	790.9M
Common Stock	6.0B	6.4B	7.2B	7.5B	7.9B	8.2B
Short Long Term Debt Total	625.8M	1.6B	1.5B	1.3B	668.0M	673.0M
Property Plant And Equipment Net	1.5B	1.1B	942.8M	499.5M	320.1M	592.1M
Non Current Assets Total	4.3B	4.0B	3.9B	1.4B	929.2M	882.7M
Accumulated Other Comprehensive Income	220.9M	(34.2M)	(42.3M)	(13.9M)	(16.1M)	(15.2M)
Short Term Debt	103.7M	56.7M	9.8M	9.3M	585.3M	119.1M
Intangible Assets	519.6M	476.4M	308.2M	252.7M	188.7M	104.1M
Net Tangible Assets	4.7B	2.5B	1.3B	1.5B	24.9M	23.6M
Long Term Debt	842.3M	449.0M	1.6B	1.5B	750.0M	493.3M
Net Receivables	107.0M	90.2M	92.4M	96.4M	68.5M	51.8M
Inventory	262.1M	391.1M	368.0M	204.4M	148.9M	77.3M
Short Long Term Debt	103.7M	16.4M	9.8M	9.3M	556.9M	103.9M
Property Plant Equipment	1.1B	1.5B	1.1B	942.8M	499.5M	14.8M
Other Liab	239.1M	690.2M	1.3B	178.8M	205.7M	343.6M
Current Deferred Revenue	37.6M	41.1M	100.8M	76.0M	87.4M	91.8M
Property Plant And Equipment Gross	1.5B	1.3B	1.2B	499.5M	418.3M	712.0M
Non Currrent Assets Other	18.7M	5.0M	15.3M	141K	325.5M	341.8M
Other Assets	22.6M	102.5M	479.5M	19.8M	1.0	0.95
Good Will	2.0B	1.9B	1.9B	85.6M	43.2M	41.1M
Long Term Debt Total	500.7M	1.6B	1.5B	789.6M	908.1M	831.0M
Long Term Investments	315.1M	708.3M	341.7M	568.3M	136.2M	129.4M
Non Current Liabilities Other	440.7M	613.1M	135.9M	124.9M	16.2M	15.4M

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

0.62

CMC

Cielo Waste Solutions

Pair Corr

Moving against Canopy Stock

0.7	MATE	Blockmate Ventures	Pair Corr
0.57	LQWD	LQwD FinTech Corp	Pair Corr
0.44	NZP	Chatham Rock Phosphate	Pair Corr

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.

Pair Correlation Correlation Matching

When determining whether Canopy Growth Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Canopy Growth's 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 Canopy Growth Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Canopy Growth Corp Stock:

How To Invest In Canopy

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Is Canopy Stock a good investment?

Details

What is Canopy Growth's Net Worth?

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You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.

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

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Canopy Historical Balance Sheet

Canopy Growth Inventory

77.29 Million

About Canopy Balance Sheet Analysis

Canopy Growth Balance Sheet Chart

Total Assets

Total Current Liabilities

Total Stockholder Equity

Canopy Growth balance sheet Correlations

Canopy Growth Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Canopy Growth balance sheet Accounts

Pair Trading with Canopy Growth

Moving together with Canopy Stock

Moving against Canopy Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Current Assets	+ 1.0	Cash And Short Term Investments
Cash And Short Term Investments	+ 0.99	Cash
Total Current Assets	+ 0.99	Cash
Common Stock	+ 0.99	Other Stockholder Equity
Accounts Payable	+ 0.98	Total Stockholder Equity
Short Term Investments	+ 0.98	Cash And Short Term Investments

Common Stock	- 0.9	Retained Earnings
Other Stockholder Equity	- 0.9	Retained Earnings
Short Long Term Debt Total	- 0.74	Retained Earnings
Retained Earnings	- 0.74	Total Current Liabilities
Net Tangible Assets	- 0.73	Net Debt
Common Stock Total Equity	- 0.71	Retained Earnings