Crescent Retained Earnings vs Other Current Assets Analysis
CPG Stock | CAD 11.65 0.08 0.69% |
Crescent Point financial indicator trend analysis is way more than just evaluating Crescent Point Energy prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Crescent Point Energy is a good investment. Please check the relationship between Crescent Point Retained Earnings and its Other Current Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Crescent Point Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
Retained Earnings vs Other Current Assets
Retained Earnings vs Other Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Crescent Point Energy Retained Earnings account and Other Current Assets. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Crescent Point's Retained Earnings and Other Current Assets is -0.28. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Crescent Point Energy, assuming nothing else is changed. The correlation between historical values of Crescent Point's Retained Earnings and Other Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Crescent Point Energy are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Retained Earnings i.e., Crescent Point's Retained Earnings and Other Current Assets go up and down completely randomly.
Correlation Coefficient | -0.28 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.Most indicators from Crescent Point's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Crescent Point Energy 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Crescent Point Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. At this time, Crescent Point's Tax Provision is very stable compared to the past year. As of the 31st of May 2024, Sales General And Administrative To Revenue is likely to grow to 0.06, while Selling General Administrative is likely to drop about 101.6 M.
2021 | 2022 | 2023 | 2024 (projected) | Other Operating Expenses | 1.7B | 2.0B | 2.3B | 2.1B | Total Revenue | 2.8B | 4.0B | 3.6B | 2.0B |
Crescent Point fundamental ratios Correlations
Click cells to compare fundamentals
Crescent Point Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Crescent Point fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 10.1B | 6.6B | 9.2B | 9.5B | 12.8B | 8.7B | |
Other Current Liab | 543M | 421.2M | 277.9M | 227.2M | 183.8M | 141.2M | |
Total Current Liabilities | 775.3M | 669.2M | 1.0B | 1.2B | 1.4B | 1.4B | |
Total Stockholder Equity | 5.3B | 2.8B | 5.4B | 6.5B | 6.9B | 5.3B | |
Property Plant And Equipment Net | 8.2B | 4.6B | 7.8B | 7.9B | 11.4B | 7.7B | |
Net Debt | 3.0B | 2.4B | 2.1B | 1.3B | 3.5B | 1.9B | |
Retained Earnings | (11.6B) | (14.2B) | (11.8B) | (10.6B) | (10.2B) | (9.7B) | |
Cash | 56.9M | 8.8M | 13.5M | 289.9M | 17.3M | 33.9M | |
Non Current Assets Total | 9.5B | 6.4B | 8.8B | 8.5B | 11.7B | 8.3B | |
Cash And Short Term Investments | 56.9M | 8.8M | 13.5M | 289.9M | 333.4M | 350.1M | |
Net Receivables | 295.9M | 200.5M | 314.3M | 327.8M | 377.9M | 235.7M | |
Common Stock Shares Outstanding | 545.7M | 529.3M | 575.1M | 571.1M | 619.9M | 342.1M | |
Liabilities And Stockholders Equity | 10.1B | 6.6B | 9.2B | 9.5B | 10.9B | 8.5B | |
Non Current Liabilities Total | 4.0B | 3.2B | 2.7B | 1.8B | 4.5B | 2.8B | |
Other Current Assets | 271.8M | 46.7M | 83.1M | 371.5M | 427.2M | 448.6M | |
Other Stockholder Equity | 35.1M | 19.7M | 17.5M | 17.1M | 15.4M | 14.6M | |
Total Liab | 4.7B | 3.8B | 3.8B | 3.0B | 5.9B | 3.5B | |
Property Plant And Equipment Gross | 8.2B | 4.6B | 25.3B | 24.1B | 26.5B | 27.8B | |
Total Current Assets | 631.5M | 278.7M | 410.9M | 989.2M | 1.1B | 1.1B | |
Short Long Term Debt Total | 3.1B | 2.4B | 2.1B | 1.6B | 1.8B | 1.9B | |
Non Currrent Assets Other | 502.2M | 422.8M | 151.2M | 102.8M | 118.2M | 187.6M | |
Short Term Debt | 232.3M | 248M | 303.6M | 563.6M | 648.1M | 680.5M | |
Accounts Payable | 479.4M | 311.6M | 450.7M | 448.2M | 634.9M | 449.4M | |
Accumulated Other Comprehensive Income | 495.5M | 517.7M | 529.6M | 620.3M | 713.3M | 749.0M | |
Good Will | 230.9M | 223.3M | 211.5M | 203.9M | 275.9M | 213.5M | |
Common Stock Total Equity | 16.5B | 16.5B | 16.4B | 16.5B | 18.9B | 16.6B | |
Common Stock | 16.4B | 16.5B | 16.7B | 16.4B | 18.9B | 16.9B | |
Other Liab | 1.1B | 985.8M | 925.7M | 752M | 676.8M | 1.2B | |
Net Tangible Assets | 5.1B | 2.6B | 5.2B | 6.3B | 5.7B | 5.7B | |
Other Assets | 1.0B | 1.6B | 721.3M | 381.6M | 438.8M | 810.0M | |
Long Term Debt | 2.7B | 2.0B | 1.7B | 902.8M | 3.2B | 2.3B | |
Long Term Investments | 22.4M | 2.5M | 0.0 | 200K | 180K | 171K | |
Short Long Term Debt | 201M | 221.6M | 278.1M | 538.7M | 380M | 274.4M | |
Property Plant Equipment | 8.2B | 4.6B | 7.8B | 7.9B | 7.1B | 8.9B | |
Long Term Debt Total | 2.9B | 2.2B | 1.8B | 1.0B | 901.8M | 856.7M | |
Capital Surpluse | 35.1M | 19.7M | 17.5M | 17.1M | 15.4M | 14.6M | |
Capital Lease Obligations | 181.2M | 156.5M | 141.4M | 124.1M | 144.7M | 120.3M | |
Net Invested Capital | 8.2B | 5.1B | 7.4B | 7.9B | 10.4B | 7.2B |
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Try AI Portfolio ArchitectCheck out Trending Equities to better understand how to build diversified portfolios, which includes a position in Crescent Point Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. Note that the Crescent Point Energy information on this page should be used as a complementary analysis to other Crescent Point's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
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When running Crescent Point's price analysis, check to measure Crescent Point's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Crescent Point is operating at the current time. Most of Crescent Point's value examination focuses on studying past and present price action to predict the probability of Crescent Point's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Crescent Point's price. Additionally, you may evaluate how the addition of Crescent Point to your portfolios can decrease your overall portfolio volatility.
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