Cedar Net Tangible Assets vs Accounts Payable Analysis
FUN Stock | USD 43.43 0.98 2.31% |
Cedar Fair financial indicator trend analysis is way more than just evaluating Cedar Fair LP prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cedar Fair LP is a good investment. Please check the relationship between Cedar Fair Net Tangible Assets and its Accounts Payable accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Cedar Fair LP. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in employment.
Net Tangible Assets vs Accounts Payable
Net Tangible Assets vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cedar Fair LP Net Tangible Assets account and Accounts Payable. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Cedar Fair's Net Tangible Assets and Accounts Payable is -0.68. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Cedar Fair LP, assuming nothing else is changed. The correlation between historical values of Cedar Fair's Net Tangible Assets and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Tangible Assets of Cedar Fair LP are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Net Tangible Assets i.e., Cedar Fair's Net Tangible Assets and Accounts Payable go up and down completely randomly.
Correlation Coefficient | -0.68 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Net Tangible Assets
The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.Accounts Payable
An accounting item on the balance sheet that represents Cedar Fair obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Cedar Fair LP are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.Most indicators from Cedar Fair's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cedar Fair LP 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Cedar Fair LP. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in employment. At this time, Cedar Fair's Selling General Administrative is very stable compared to the past year. As of the 1st of June 2024, Tax Provision is likely to grow to about 50.4 M, while Sales General And Administrative To Revenue is likely to drop 0.07.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 1.2B | 1.7B | 620.7M | 559.1M | Total Revenue | 1.3B | 1.8B | 1.8B | 1.9B |
Cedar Fair fundamental ratios Correlations
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Cedar Fair Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Cedar Fair fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 2.6B | 2.7B | 2.3B | 2.2B | 2.3B | 1.4B | |
Short Long Term Debt Total | 2.2B | 3.0B | 2.5B | 2.3B | 2.4B | 2.5B | |
Total Current Liabilities | 324.1M | 300.0M | 381.5M | 397.0M | 402.7M | 422.9M | |
Total Stockholder Equity | 9.7M | 2.6M | 8.9M | 323.3M | (588.2M) | (558.8M) | |
Property Plant And Equipment Net | 1.9B | 1.8B | 1.7B | 1.7B | 1.7B | 1.2B | |
Net Debt | 2.0B | 2.6B | 2.5B | 2.2B | 2.3B | 2.4B | |
Cash | 182.3M | 376.7M | 61.1M | 101.2M | 65.5M | 52.3M | |
Non Current Assets Total | 2.3B | 2.1B | 2.0B | 2.0B | 2.1B | 1.3B | |
Non Currrent Assets Other | 9.4M | 11.5M | 6.1M | 5.1M | 4.7M | 1.4M | |
Cash And Short Term Investments | 182.3M | 376.7M | 61.1M | 101.2M | 65.8M | 52.4M | |
Net Receivables | 63.1M | 103.5M | 146.2M | 70.9M | 79.5M | 83.5M | |
Common Stock Shares Outstanding | 56.9M | 56.5M | 56.6M | 56.4M | 51.5M | 56.4M | |
Liabilities And Stockholders Equity | 2.6B | 2.7B | 2.3B | 2.2B | 2.3B | 1.4B | |
Non Current Liabilities Total | 2.3B | 3.1B | 2.6B | 2.4B | 2.5B | 2.6B | |
Inventory | 32.9M | 47.5M | 32.1M | 45.3M | 44.1M | 46.3M | |
Other Current Assets | 15.9M | 26.7M | 24.2M | 13.8M | 19.4M | 20.4M | |
Total Liab | 2.6B | 2.7B | 2.3B | 2.2B | 2.9B | 3.0B | |
Total Current Assets | 294.2M | 554.5M | 263.6M | 243.8M | 208.8M | 110.7M | |
Intangible Assets | 59.9M | 50.3M | 50.0M | 49.0M | 49.1M | 29.9M | |
Other Current Liab | 135.9M | 91.9M | 126.7M | 97.5M | 168.1M | 176.6M | |
Accounts Payable | 29.3M | 14.3M | 53.9M | 55.0M | 37.6M | 19.7M | |
Other Stockholder Equity | 25.0M | 674.3M | 712.7M | (323.3M) | (597.7M) | (567.8M) | |
Property Plant And Equipment Gross | 1.9B | 1.8B | 1.7B | 1.6B | 4.1B | 4.3B | |
Accumulated Other Comprehensive Income | 9.7M | 2.6M | 8.9M | 15.6M | 14.7M | 15.4M | |
Common Stock | (25.0M) | (674.3M) | (712.7M) | (612.5M) | (551.2M) | (523.7M) | |
Other Liab | 92.4M | 56.1M | 77.6M | 80.6M | 92.7M | 76.6M | |
Long Term Debt | 2.1B | 3.0B | 2.5B | 2.3B | 2.3B | 1.6B | |
Short Term Debt | 7.5M | 10.5M | 13.3M | 81.8M | 13.3M | 12.6M | |
Property Plant Equipment | 1.8B | 1.8B | 1.7B | 1.6B | 1.8B | 1.6B | |
Current Deferred Revenue | 151.4M | 183.4M | 187.6M | 162.7M | 183.7M | 192.9M | |
Other Assets | 11.5M | 2.0B | 2.3B | 4.7M | 1.0 | 0.95 | |
Good Will | 359.7M | 267.0M | 267.2M | 263.2M | 264.6M | 247.4M | |
Net Tangible Assets | (418.9M) | (706.2M) | (1000.0M) | (558.8M) | (502.9M) | (528.1M) | |
Short Term Investments | 275K | 280K | 478K | 432K | 319K | 238.2K | |
Long Term Debt Total | 2.1B | 3.0B | 2.5B | 2.3B | 2.6B | 2.1B | |
Deferred Long Term Liab | 100.2M | 78.7M | 86.6M | 69.4M | 62.5M | 92.3M | |
Non Current Liabilities Other | 10.3M | 16.5M | 11.1M | 11.2M | 10.0M | 13.3M |
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Is Cedar Fair'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 Cedar Fair. If investors know Cedar 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 Cedar Fair 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 (0.28) | Dividend Share 1.2 | Earnings Share 2.4 | Revenue Per Share 35.818 | Quarterly Revenue Growth 0.202 |
The market value of Cedar Fair LP is measured differently than its book value, which is the value of Cedar that is recorded on the company's balance sheet. Investors also form their own opinion of Cedar Fair's value that differs from its market value or its book value, called intrinsic value, which is Cedar Fair'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 Cedar Fair's market value can be influenced by many factors that don't directly affect Cedar Fair'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 Cedar Fair's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cedar Fair is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cedar Fair'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.