Canada Cash vs Net Debt Analysis

GOOS Stock

USD 13.29 0.10 0.76%

Canada Goose financial indicator trend analysis is way more than just evaluating Canada Goose Holdings prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Canada Goose Holdings is a good investment. Please check the relationship between Canada Goose Cash and its Net Debt accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Canada Goose Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons.

Cash vs Net Debt

Cash vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Canada Goose Holdings Cash account and Net Debt. At this time, the significance of the direction appears to have weak relationship.

The correlation between Canada Goose's Cash and Net Debt is 0.37. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Net Debt in the same time period over historical financial statements of Canada Goose Holdings, assuming nothing else is changed. The correlation between historical values of Canada Goose's Cash and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of Canada Goose Holdings are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Cash i.e., Canada Goose's Cash and Net Debt go up and down completely randomly.

Correlation Coefficient

0.37

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Cash

Cash refers to the most liquid asset of Canada Goose Holdings, which is listed under current asset account on Canada Goose Holdings balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Canada Goose customers. The amounts must be unrestricted with restricted cash listed in a different Canada Goose account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Most indicators from Canada Goose's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Canada Goose Holdings 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Canada Goose Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons.

At this time, Canada Goose's Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to about 19.9 M in 2024, whereas Enterprise Value Over EBITDA is likely to drop 8.56 in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	733.6M	815.2M	804.6M	486.5M
Total Revenue	1.1B	1.2B	1.3B	798.5M

Gross Profit Total Revenue

Canada Goose fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Common Stock Shares Outstanding	Long Term Debt Total	Non Current Liabilities Total	Capital Surpluse	Inventory	Other Current Assets
Total Assets		0.97	0.45	0.99	0.93	0.97	0.94	0.98	0.86	0.72	0.91	0.85	0.84	0.98	0.91	0.95	0.84	0.75	0.87	0.83	-0.15	0.93	0.97	-0.61	0.97	0.92
Short Long Term Debt Total	0.97		0.4	0.96	0.82	0.94	0.84	0.98	0.81	0.77	0.79	0.79	0.81	0.97	0.91	0.97	0.81	0.75	0.87	0.73	-0.21	0.9	1.0	-0.49	0.92	0.88
Other Current Liab	0.45	0.4		0.51	0.39	0.52	0.53	0.44	0.15	0.67	0.37	0.2	0.19	0.47	0.64	0.44	0.19	0.8	0.7	0.52	-0.58	0.57	0.42	-0.48	0.51	0.65
Total Current Liabilities	0.99	0.96	0.51		0.89	0.97	0.9	0.97	0.79	0.73	0.87	0.86	0.8	0.97	0.91	0.96	0.8	0.74	0.88	0.85	-0.16	0.91	0.97	-0.66	0.97	0.95
Total Stockholder Equity	0.93	0.82	0.39	0.89		0.87	0.98	0.88	0.89	0.56	1.0	0.85	0.8	0.9	0.81	0.81	0.8	0.64	0.73	0.84	-0.02	0.87	0.83	-0.67	0.93	0.85
Other Liab	0.97	0.94	0.52	0.97	0.87		0.88	0.94	0.75	0.67	0.84	0.78	0.81	0.94	0.88	0.97	0.81	0.72	0.88	0.86	-0.12	0.87	0.95	-0.65	0.94	0.95
Net Tangible Assets	0.94	0.84	0.53	0.9	0.98	0.88		0.89	0.85	0.67	0.97	0.82	0.78	0.91	0.88	0.83	0.78	0.77	0.79	0.85	-0.2	0.92	0.85	-0.69	0.93	0.87
Property Plant And Equipment Net	0.98	0.98	0.44	0.97	0.88	0.94	0.89		0.87	0.79	0.85	0.8	0.74	1.0	0.92	0.93	0.74	0.77	0.89	0.78	-0.17	0.93	0.98	-0.55	0.97	0.92
Current Deferred Revenue	0.86	0.81	0.15	0.79	0.89	0.75	0.85	0.87		0.56	0.88	0.76	0.69	0.87	0.73	0.74	0.69	0.59	0.63	0.65	0.02	0.84	0.8	-0.41	0.83	0.7
Net Debt	0.72	0.77	0.67	0.73	0.56	0.67	0.67	0.79	0.56		0.51	0.48	0.37	0.79	0.91	0.7	0.37	0.93	0.85	0.52	-0.68	0.87	0.76	-0.34	0.76	0.76
Retained Earnings	0.91	0.79	0.37	0.87	1.0	0.84	0.97	0.85	0.88	0.51		0.85	0.79	0.87	0.77	0.78	0.79	0.6	0.69	0.85	0.01	0.84	0.79	-0.68	0.91	0.82
Accounts Payable	0.85	0.79	0.2	0.86	0.85	0.78	0.82	0.8	0.76	0.48	0.85		0.83	0.8	0.72	0.8	0.83	0.46	0.54	0.78	-0.03	0.78	0.79	-0.66	0.82	0.71
Cash	0.84	0.81	0.19	0.8	0.8	0.81	0.78	0.74	0.69	0.37	0.79	0.83		0.74	0.68	0.86	1.0	0.48	0.55	0.64	-0.01	0.7	0.81	-0.49	0.69	0.62
Non Current Assets Total	0.98	0.97	0.47	0.97	0.9	0.94	0.91	1.0	0.87	0.79	0.87	0.8	0.74		0.92	0.92	0.74	0.79	0.9	0.8	-0.19	0.94	0.97	-0.58	0.98	0.94
Other Assets	0.91	0.91	0.64	0.91	0.81	0.88	0.88	0.92	0.73	0.91	0.77	0.72	0.68	0.92		0.89	0.68	0.92	0.89	0.72	-0.48	0.97	0.92	-0.52	0.91	0.88
Long Term Debt	0.95	0.97	0.44	0.96	0.81	0.97	0.83	0.93	0.74	0.7	0.78	0.8	0.86	0.92	0.89		0.86	0.73	0.84	0.78	-0.23	0.88	0.97	-0.57	0.89	0.88
Cash And Short Term Investments	0.84	0.81	0.19	0.8	0.8	0.81	0.78	0.74	0.69	0.37	0.79	0.83	1.0	0.74	0.68	0.86		0.48	0.55	0.64	-0.01	0.7	0.81	-0.49	0.69	0.62
Net Receivables	0.75	0.75	0.8	0.74	0.64	0.72	0.77	0.77	0.59	0.93	0.6	0.46	0.48	0.79	0.92	0.73	0.48		0.87	0.59	-0.68	0.89	0.76	-0.42	0.75	0.77
Good Will	0.87	0.87	0.7	0.88	0.73	0.88	0.79	0.89	0.63	0.85	0.69	0.54	0.55	0.9	0.89	0.84	0.55	0.87		0.72	-0.37	0.84	0.88	-0.52	0.88	0.94
Common Stock Total Equity	0.83	0.73	0.52	0.85	0.84	0.86	0.85	0.78	0.65	0.52	0.85	0.78	0.64	0.8	0.72	0.78	0.64	0.59	0.72		-0.1	0.77	0.74	-0.94	0.86	0.89
Common Stock Shares Outstanding	-0.15	-0.21	-0.58	-0.16	-0.02	-0.12	-0.2	-0.17	0.02	-0.68	0.01	-0.03	-0.01	-0.19	-0.48	-0.23	-0.01	-0.68	-0.37	-0.1		-0.43	-0.21	0.12	-0.15	-0.2
Long Term Debt Total	0.93	0.9	0.57	0.91	0.87	0.87	0.92	0.93	0.84	0.87	0.84	0.78	0.7	0.94	0.97	0.88	0.7	0.89	0.84	0.77	-0.43		0.91	-0.57	0.92	0.87
Non Current Liabilities Total	0.97	1.0	0.42	0.97	0.83	0.95	0.85	0.98	0.8	0.76	0.79	0.79	0.81	0.97	0.92	0.97	0.81	0.76	0.88	0.74	-0.21	0.91		-0.51	0.92	0.89
Capital Surpluse	-0.61	-0.49	-0.48	-0.66	-0.67	-0.65	-0.69	-0.55	-0.41	-0.34	-0.68	-0.66	-0.49	-0.58	-0.52	-0.57	-0.49	-0.42	-0.52	-0.94	0.12	-0.57	-0.51		-0.65	-0.71
Inventory	0.97	0.92	0.51	0.97	0.93	0.94	0.93	0.97	0.83	0.76	0.91	0.82	0.69	0.98	0.91	0.89	0.69	0.75	0.88	0.86	-0.15	0.92	0.92	-0.65		0.96
Other Current Assets	0.92	0.88	0.65	0.95	0.85	0.95	0.87	0.92	0.7	0.76	0.82	0.71	0.62	0.94	0.88	0.88	0.62	0.77	0.94	0.89	-0.2	0.87	0.89	-0.71	0.96

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Canada Goose Account Relationship Matchups

Canada Goose fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.1B	1.5B	1.3B	1.6B	1.5B	1.0B
Short Long Term Debt Total	386M	622.6M	620.7M	754M	728.4M	417.0M
Other Current Liab	28.6M	8.8M	43M	53.1M	146.2M	153.5M
Total Current Liabilities	201.3M	262.1M	281.5M	352.4M	309.9M	200.3M
Total Stockholder Equity	520.2M	600.1M	427.9M	469.5M	417M	382.9M
Other Liab	44.5M	41.1M	67.6M	72.8M	83.7M	43.9M
Net Tangible Assets	190.4M	305.4M	392M	252.6M	290.5M	305.0M
Property Plant And Equipment Net	326.9M	350.2M	329.4M	447.8M	451.6M	233.6M
Net Debt	354.3M	144.7M	333M	467.5M	583.5M	612.7M
Retained Earnings	389.4M	454.4M	290.4M	316.5M	252.5M	240.2M
Accounts Payable	136.8M	177.8M	176.2M	195.6M	57.6M	109.4M
Cash	31.7M	477.9M	287.7M	286.5M	144.9M	157.9M
Non Current Assets Total	588.5M	610.3M	578.3M	726.8M	740.8M	484.1M
Non Currrent Assets Other	100K	5.1M	20.4M	12.5M	270.2M	283.7M
Other Assets	19.2M	46.8M	52M	73.6M	84.6M	88.9M
Long Term Debt	158.1M	367.8M	366.2M	391.6M	388.5M	253.8M
Cash And Short Term Investments	31.7M	477.9M	287.7M	286.5M	144.9M	157.9M
Net Receivables	44.3M	45.7M	43.8M	51.8M	98.4M	103.3M
Common Stock Total Equity	106.1M	112.6M	114.7M	120.5M	138.6M	88.6M
Common Stock Shares Outstanding	111.2M	111.1M	109.2M	105.6M	101.8M	86.4M
Liabilities And Stockholders Equity	1.1B	1.5B	1.3B	1.6B	1.5B	1.0B
Non Current Liabilities Total	391.2M	645M	631.2M	760.1M	748.2M	439.9M
Capital Lease Obligations	227.9M	254.8M	250.7M	334.8M	330.5M	347.0M
Inventory	412.3M	342.3M	393.3M	472.6M	445.2M	309.4M
Other Current Assets	35.9M	31M	37.5M	52.3M	60.1M	32.4M
Other Stockholder Equity	15.7M	25.2M	36.2M	28.5M	54.4M	57.1M
Total Liab	592.5M	907.1M	912.7M	1.1B	1.1B	640.1M
Property Plant And Equipment Gross	326.9M	350.2M	329.4M	447.8M	903.3M	948.5M
Total Current Assets	524.2M	896.9M	762.3M	863.2M	740.8M	540.5M
Accumulated Other Comprehensive Income	400K	(5.2M)	(17.2M)	5.8M	5.2M	5.5M
Non Current Liabilities Other	4.6M	20.4M	25.7M	56.9M	54.6M	57.3M
Short Term Debt	35.9M	45.2M	62.3M	103.7M	89.3M	93.8M
Intangible Assets	161.7M	155M	122.2M	135.1M	155.4M	151.9M
Common Stock	114.7M	120.5M	118.5M	118.7M	104.9M	99.7M
Property Plant Equipment	84.3M	326.9M	350.2M	329.4M	378.8M	397.8M

Pair Trading with Canada Goose

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 Canada Goose 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 Canada Goose will appreciate offsetting losses from the drop in the long position's value.

Moving together with Canada Stock

0.76

GIII

G III Apparel Financial Report 4th of June 2024

Pair Corr

Moving against Canada Stock

0.74	STKS	One Group Hospitality	Pair Corr
0.51	TOUR	Tuniu Corp	Pair Corr
0.47	ARHS	Arhaus Inc	Pair Corr
0.43	IBP	Installed Building	Pair Corr

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

The correlation of Canada Goose 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 Canada Goose moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canada Goose Holdings 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 Canada Goose 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 Canada Goose Holdings is a strong investment it is important to analyze Canada Goose's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Canada Goose's future performance. For an informed investment choice regarding Canada Stock, refer to the following important reports:

How To Invest In Canada

Details

Is Canada Stock a good investment?

Details

What is Canada Goose's Net Worth?

Details

Largest Consumer Durables & Apparel Companies

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Largest Consumer Discretionary Companies

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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Canada Goose Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons.

You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.

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

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Is Canada Goose'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 Canada Goose. If investors know Canada 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 Canada Goose 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

0.008

Earnings Share

0.42

Revenue Per Share

13.23

Quarterly Revenue Growth

0.221

Return On Assets

0.0515

The market value of Canada Goose Holdings is measured differently than its book value, which is the value of Canada that is recorded on the company's balance sheet. Investors also form their own opinion of Canada Goose's value that differs from its market value or its book value, called intrinsic value, which is Canada Goose'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 Canada Goose's market value can be influenced by many factors that don't directly affect Canada Goose'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 Canada Goose's value and its price as these two are different measures arrived at by different means. Investors typically determine if Canada Goose is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Canada Goose'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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Canada Cash vs Net Debt Analysis

Cash vs Net Debt

Cash vs Net Debt Correlation Analysis

Correlation Coefficient

Cash

Net Debt

Canada Goose fundamental ratios Correlations

Canada Goose Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Canada Goose fundamental ratios Accounts

Pair Trading with Canada Goose

Moving together with Canada Stock

Moving against Canada Stock

Complementary Tools for Canada Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Retained Earnings	+ 1.0	Total Stockholder Equity
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Total Current Liabilities	+ 0.99	Total Assets
Property Plant And Equipment Net	+ 0.98	Total Assets

Capital Surpluse	- 0.94	Common Stock Total Equity
Other Current Assets	- 0.71	Capital Surpluse
Capital Surpluse	- 0.69	Net Tangible Assets
Common Stock Shares Outstanding	- 0.68	Net Receivables
Capital Surpluse	- 0.68	Retained Earnings
Common Stock Shares Outstanding	- 0.68	Net Debt