Canterbury Short Long Term Debt vs Capital Stock Analysis

CPHC Stock

USD 24.07 0.41 1.73%

Canterbury Park financial indicator trend analysis is way more than just evaluating Canterbury Park Holding prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Canterbury Park Holding is a good investment. Please check the relationship between Canterbury Park Short Long Term Debt and its Capital Stock accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Canterbury Park Holding. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate.

Short Long Term Debt vs Capital Stock

Short Long Term Debt vs Capital Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Canterbury Park Holding Short Long Term Debt account and Capital Stock. At this time, the significance of the direction appears to have pay attention.

The correlation between Canterbury Park's Short Long Term Debt and Capital Stock is -0.84. Overlapping area represents the amount of variation of Short Long Term Debt that can explain the historical movement of Capital Stock in the same time period over historical financial statements of Canterbury Park Holding, assuming nothing else is changed. The correlation between historical values of Canterbury Park's Short Long Term Debt and Capital Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Long Term Debt of Canterbury Park Holding are associated (or correlated) with its Capital Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Stock has no effect on the direction of Short Long Term Debt i.e., Canterbury Park's Short Long Term Debt and Capital Stock go up and down completely randomly.

Correlation Coefficient

-0.84

Relationship Direction	Negative
Relationship Strength	Significant

View All Relationships

Short Long Term Debt

The total of a company’s short-term and long-term borrowings.

Capital Stock

The total amount of a company’s capital funded by shareholders through the issue and subscription of shares.

Most indicators from Canterbury Park's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Canterbury Park Holding 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 Canterbury Park Holding. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate.

At present, Canterbury Park's Enterprise Value Over EBITDA is projected to slightly decrease based on the last few years of reporting. The current year's Enterprise Value Multiple is expected to grow to 10.11, whereas Selling General Administrative is forecasted to decline to about 21.7 M.

	2021	2022	2023	2024 (projected)
Gross Profit	47.9M	52.9M	20.2M	32.2M
Total Revenue	60.4M	66.8M	61.4M	47.3M

Gross Profit Total Revenue

Canterbury Park fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Non Currrent Assets Other	Inventory	Short Long Term Debt Total	Short Term Debt	Other Assets	Common Stock Total Equity	Common Stock	Property Plant Equipment
Total Assets		0.69	0.67	1.0	0.63	-0.7	0.99	0.53	0.7	0.96	0.74	0.77	0.74	0.14	-0.13	0.99	0.98	0.87	0.41	0.38	-0.6	-0.72	0.36	0.87	0.9	0.69
Other Current Liab	0.69		0.93	0.67	0.8	-0.11	0.64	0.54	0.07	0.79	0.11	0.67	0.72	0.57	-0.04	0.74	0.64	0.36	0.71	0.61	-0.78	-0.53	0.61	0.78	0.85	0.81
Total Current Liabilities	0.67	0.93		0.65	0.94	-0.14	0.61	0.75	0.12	0.77	0.15	0.5	0.82	0.56	0.17	0.73	0.6	0.35	0.57	0.79	-0.62	-0.47	0.56	0.81	0.87	0.92
Total Stockholder Equity	1.0	0.67	0.65		0.61	-0.72	1.0	0.53	0.72	0.95	0.76	0.77	0.73	0.11	-0.14	0.98	0.98	0.88	0.4	0.37	-0.59	-0.72	0.35	0.86	0.89	0.68
Property Plant And Equipment Net	0.63	0.8	0.94	0.61		-0.18	0.57	0.81	0.17	0.72	0.19	0.37	0.84	0.46	0.28	0.68	0.57	0.33	0.41	0.85	-0.45	-0.38	0.49	0.81	0.83	0.96
Net Debt	-0.7	-0.11	-0.14	-0.72	-0.18		-0.74	-0.34	-0.99	-0.48	-0.99	-0.48	-0.39	0.38	-0.02	-0.61	-0.74	-0.93	0.25	0.07	0.14	0.29	0.14	-0.56	-0.46	-0.29
Retained Earnings	0.99	0.64	0.61	1.0	0.57	-0.74		0.49	0.74	0.94	0.78	0.78	0.69	0.08	-0.18	0.97	0.98	0.9	0.37	0.32	-0.6	-0.72	0.33	0.85	0.86	0.64
Accounts Payable	0.53	0.54	0.75	0.53	0.81	-0.34	0.49		0.31	0.55	0.33	0.23	0.81	0.17	0.38	0.55	0.44	0.39	0.16	0.7	-0.16	-0.32	0.2	0.76	0.72	0.78
Cash	0.7	0.07	0.12	0.72	0.17	-0.99	0.74	0.31		0.49	0.99	0.46	0.38	-0.38	0.04	0.62	0.74	0.93	-0.27	-0.06	-0.12	-0.29	-0.16	0.53	0.44	0.29
Non Current Assets Total	0.96	0.79	0.77	0.95	0.72	-0.48	0.94	0.55	0.49		0.53	0.71	0.76	0.31	-0.17	0.97	0.91	0.69	0.56	0.53	-0.68	-0.77	0.47	0.86	0.93	0.74
Cash And Short Term Investments	0.74	0.11	0.15	0.76	0.19	-0.99	0.78	0.33	0.99	0.53		0.5	0.39	-0.4	-0.02	0.66	0.77	0.95	-0.21	-0.05	-0.17	-0.34	-0.12	0.56	0.47	0.3
Net Receivables	0.77	0.67	0.5	0.77	0.37	-0.48	0.78	0.23	0.46	0.71	0.5		0.56	0.14	-0.27	0.77	0.83	0.74	0.62	0.08	-0.61	-0.55	0.44	0.67	0.74	0.49
Common Stock Shares Outstanding	0.74	0.72	0.82	0.73	0.84	-0.39	0.69	0.81	0.38	0.76	0.39	0.56		0.35	0.31	0.75	0.68	0.56	0.46	0.69	-0.24	-0.48	0.39	0.85	0.92	0.85
Other Current Assets	0.14	0.57	0.56	0.11	0.46	0.38	0.08	0.17	-0.38	0.31	-0.4	0.14	0.35		0.25	0.21	0.05	-0.2	0.47	0.38	-0.43	-0.21	0.25	0.23	0.35	0.48
Other Stockholder Equity	-0.13	-0.04	0.17	-0.14	0.28	-0.02	-0.18	0.38	0.04	-0.17	-0.02	-0.27	0.31	0.25		-0.11	-0.18	-0.04	-0.4	0.31	0.32	0.44	-0.28	-0.05	0.01	0.36
Total Liab	0.99	0.74	0.73	0.98	0.68	-0.61	0.97	0.55	0.62	0.97	0.66	0.77	0.75	0.21	-0.11		0.95	0.81	0.45	0.43	-0.66	-0.69	0.37	0.87	0.91	0.75
Property Plant And Equipment Gross	0.98	0.64	0.6	0.98	0.57	-0.74	0.98	0.44	0.74	0.91	0.77	0.83	0.68	0.05	-0.18	0.95		0.9	0.4	0.32	-0.58	-0.68	0.41	0.83	0.85	0.64
Total Current Assets	0.87	0.36	0.35	0.88	0.33	-0.93	0.9	0.39	0.93	0.69	0.95	0.74	0.56	-0.2	-0.04	0.81	0.9		0.07	0.05	-0.35	-0.48	0.07	0.7	0.67	0.46
Non Currrent Assets Other	0.41	0.71	0.57	0.4	0.41	0.25	0.37	0.16	-0.27	0.56	-0.21	0.62	0.46	0.47	-0.4	0.45	0.4	0.07		0.4	-0.5	-0.67	0.76	0.45	0.6	0.37
Inventory	0.38	0.61	0.79	0.37	0.85	0.07	0.32	0.7	-0.06	0.53	-0.05	0.08	0.69	0.38	0.31	0.43	0.32	0.05	0.4		-0.24	-0.31	0.65	0.51	0.61	0.72
Short Long Term Debt Total	-0.6	-0.78	-0.62	-0.59	-0.45	0.14	-0.6	-0.16	-0.12	-0.68	-0.17	-0.61	-0.24	-0.43	0.32	-0.66	-0.58	-0.35	-0.5	-0.24		0.46	-0.45	-0.5	-0.53	-0.48
Short Term Debt	-0.72	-0.53	-0.47	-0.72	-0.38	0.29	-0.72	-0.32	-0.29	-0.77	-0.34	-0.55	-0.48	-0.21	0.44	-0.69	-0.68	-0.48	-0.67	-0.31	0.46		-0.51	-0.64	-0.68	-0.36
Other Assets	0.36	0.61	0.56	0.35	0.49	0.14	0.33	0.2	-0.16	0.47	-0.12	0.44	0.39	0.25	-0.28	0.37	0.41	0.07	0.76	0.65	-0.45	-0.51		0.36	0.49	0.36
Common Stock Total Equity	0.87	0.78	0.81	0.86	0.81	-0.56	0.85	0.76	0.53	0.86	0.56	0.67	0.85	0.23	-0.05	0.87	0.83	0.7	0.45	0.51	-0.5	-0.64	0.36		0.95	0.83
Common Stock	0.9	0.85	0.87	0.89	0.83	-0.46	0.86	0.72	0.44	0.93	0.47	0.74	0.92	0.35	0.01	0.91	0.85	0.67	0.6	0.61	-0.53	-0.68	0.49	0.95		0.85
Property Plant Equipment	0.69	0.81	0.92	0.68	0.96	-0.29	0.64	0.78	0.29	0.74	0.3	0.49	0.85	0.48	0.36	0.75	0.64	0.46	0.37	0.72	-0.48	-0.36	0.36	0.83	0.85

Click cells to compare fundamentals

Canterbury Park Account Relationship Matchups

Canterbury Park fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	65.4M	68.8M	83.1M	92.3M	105.0M	110.2M
Other Current Liab	6.4M	6.7M	6.7M	6.6M	6.2M	4.5M
Total Current Liabilities	11.5M	10.1M	9.8M	10.4M	11.1M	7.2M
Total Stockholder Equity	49.4M	51.3M	64.4M	71.2M	81.8M	85.9M
Property Plant And Equipment Net	43.9M	33.6M	34.4M	36.5M	44.3M	26.0M
Net Debt	(184.3K)	233.7K	(11.8M)	(13.0M)	(25.8M)	(24.5M)
Retained Earnings	26.6M	27.6M	39.4M	45.2M	54.4M	57.1M
Accounts Payable	3.5M	3.0M	2.3M	3.4M	4.6M	2.4M
Cash	355.4K	(116.8K)	11.9M	13.0M	25.8M	27.1M
Non Current Assets Total	61.5M	59.4M	58.7M	61.6M	68.7M	72.1M
Cash And Short Term Investments	459.3K	(116.8K)	11.9M	18.0M	30.8M	32.4M
Net Receivables	302.0K	4.3M	8.0M	8.8M	4.6M	4.8M
Common Stock Shares Outstanding	4.6M	4.7M	4.8M	4.9M	4.9M	4.4M
Liabilities And Stockholders Equity	65.4M	68.8M	83.1M	92.3M	105.0M	110.2M
Other Current Assets	2.8M	5.1M	4.3M	11.8K	645.4K	613.2K
Other Stockholder Equity	22.7M	23.6M	24.9M	25.9M	27.4M	29.9M
Total Liab	16.0M	17.5M	18.7M	21.1M	23.2M	24.3M
Property Plant And Equipment Gross	43.9M	38.4M	70.7M	71.3M	76.5M	80.3M
Total Current Assets	4.0M	9.5M	24.4M	30.7M	36.3M	38.1M
Non Currrent Assets Other	14.6M	18.3M	17.9M	18.2M	11.0K	10.4K
Inventory	390.1K	218.8K	248.4K	262.1K	249.4K	207.6K
Short Long Term Debt Total	171.1K	116.8K	68.8K	19.0K	62.4K	59.3K
Short Term Debt	54.3K	48.0K	49.8K	19.0K	27.0K	25.6K
Other Assets	23.7M	59.35	17.9M	18.2M	163.2K	155.0K
Common Stock Total Equity	45.3K	46.4K	47.5K	48.9K	56.2K	45.4K
Common Stock	46.4K	47.5K	48.1K	48.9K	49.6K	46.1K
Property Plant Equipment	34.7M	33.6M	34.4M	36.5M	42.0M	28.8M
Short Term Investments	103.9K	7.52	0.0	5M	5.8M	6.0M
Non Current Liabilities Total	4.5M	7.4M	8.9M	10.7M	12.1M	12.7M
Other Liab	4.4M	7.3M	8.9M	10.7M	12.3M	12.9M
Net Tangible Assets	49.4M	51.3M	64.4M	71.2M	81.9M	49.8M
Deferred Long Term Liab	4.0M	4.4M	7.3M	7.5M	8.6M	4.5M
Current Deferred Revenue	1.5M	435.9K	733.3K	413.4K	274.9K	261.2K
Capital Surpluse	21.4M	22.7M	23.6M	25.9M	29.8M	23.6M
Retained Earnings Total Equity	25.3M	26.6M	27.6M	45.2M	52.0M	29.9M
Capital Lease Obligations	171.1K	116.8K	68.8K	19.0K	62.4K	64.0K
Long Term Investments	3.0M	7.5M	6.4M	22.7M	6.6M	7.4M

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Canterbury Park in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Canterbury Park's short interest history, or implied volatility extrapolated from Canterbury Park options trading.

Pair Trading with Canterbury Park

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

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

The correlation of Canterbury Park 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 Canterbury Park moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canterbury Park Holding 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 Canterbury Park 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 Canterbury Park Holding offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Canterbury Park'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 Canterbury Park Holding Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Canterbury Park Holding Stock:

How To Invest In Canterbury

Details

Is Canterbury Stock a good investment?

Details

What is Canterbury Park's Net Worth?

Details

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Canterbury Park Holding. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate.

Note that the Canterbury Park Holding information on this page should be used as a complementary analysis to other Canterbury Park'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 Global Correlations module to find global opportunities by holding instruments from different markets.

Complementary Tools for Canterbury Stock analysis

When running Canterbury Park's price analysis, check to measure Canterbury Park'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 Canterbury Park is operating at the current time. Most of Canterbury Park's value examination focuses on studying past and present price action to predict the probability of Canterbury Park's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canterbury Park's price. Additionally, you may evaluate how the addition of Canterbury Park to your portfolios can decrease your overall portfolio volatility.

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Is Canterbury Park's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Canterbury Park. If investors know Canterbury will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Canterbury Park listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.248

Dividend Share

0.28

Earnings Share

2.13

Revenue Per Share

12.484

Quarterly Revenue Growth

(0.04)

The market value of Canterbury Park Holding is measured differently than its book value, which is the value of Canterbury that is recorded on the company's balance sheet. Investors also form their own opinion of Canterbury Park's value that differs from its market value or its book value, called intrinsic value, which is Canterbury Park's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Canterbury Park's market value can be influenced by many factors that don't directly affect Canterbury Park's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

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

Short Long Term Debt vs Capital Stock

Short Long Term Debt vs Capital Stock Correlation Analysis

Correlation Coefficient

Short Long Term Debt

Capital Stock

Canterbury Park fundamental ratios Correlations

Canterbury Park Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Canterbury Park fundamental ratios Accounts

Pair Trading with Canterbury Park

Complementary Tools for Canterbury Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Retained Earnings	+ 1.0	Total Stockholder Equity
Retained Earnings	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Assets
Cash And Short Term Investments	+ 0.99	Cash
Property Plant And Equipment Gross	+ 0.98	Total Assets

Cash And Short Term Investments	- 0.99	Net Debt
Cash	- 0.99	Net Debt
Total Current Assets	- 0.93	Net Debt
Short Long Term Debt Total	- 0.78	Other Current Liab
Short Term Debt	- 0.77	Non Current Assets Total
Property Plant And Equipment Gross	- 0.74	Net Debt