SunOpta Total Current Liabilities vs Cash And Short Term Investments Analysis
SOY Stock | CAD 7.36 0.28 3.66% |
SunOpta financial indicator trend analysis is much more than just breaking down SunOpta prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether SunOpta is a good investment. Please check the relationship between SunOpta Total Current Liabilities and its Cash And Short Term Investments accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SunOpta. 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. To learn how to invest in SunOpta Stock, please use our How to Invest in SunOpta guide.
Total Current Liabilities vs Cash And Short Term Investments
Total Current Liabilities vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of SunOpta Total Current Liabilities account and Cash And Short Term Investments. At this time, the significance of the direction appears to have very week relationship.
The correlation between SunOpta's Total Current Liabilities and Cash And Short Term Investments is 0.22. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of SunOpta, assuming nothing else is changed. The correlation between historical values of SunOpta's Total Current Liabilities and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Liabilities of SunOpta are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Total Current Liabilities i.e., SunOpta's Total Current Liabilities and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.22 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Total Current Liabilities
Total Current Liabilities is an item on SunOpta balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of SunOpta 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.Cash And Short Term Investments
Short Term Investments is an account in the current assets section of SunOpta balance sheet. This account contains SunOpta investments that will expire within one year. These investments include stocks and bonds that can be liquidated by SunOpta fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.Most indicators from SunOpta's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into SunOpta 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 World Market Map to better understand how to build diversified portfolios, which includes a position in SunOpta. 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. To learn how to invest in SunOpta Stock, please use our How to Invest in SunOpta guide.At this time, SunOpta's Tax Provision is very stable compared to the past year. As of the 30th of June 2024, Sales General And Administrative To Revenue is likely to grow to 0.11, while Selling General Administrative is likely to drop about 56.1 M.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 8.8M | 14.7M | 24.4M | 25.6M | Depreciation And Amortization | 34.6M | 37.7M | 43.3M | 45.5M |
SunOpta fundamental ratios Correlations
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SunOpta Account Relationship Matchups
High Positive Relationship
High Negative Relationship
SunOpta fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 923.4M | 585.6M | 755.1M | 855.9M | 669.4M | 419.0M | |
Short Long Term Debt Total | 560.0M | 107.1M | 275.8M | 399.1M | 459.0M | 481.9M | |
Other Current Liab | 6.4M | 1.6M | 609K | 957K | 1.1M | 1.0M | |
Total Current Liabilities | 405.7M | 136.5M | 143.4M | 161.0M | 154.4M | 142.1M | |
Total Stockholder Equity | 210.5M | 332.9M | 333.1M | 347.3M | 161.0M | 169.5M | |
Property Plant And Equipment Net | 253.0M | 193.2M | 266.8M | 405.0M | 425.8M | 447.1M | |
Net Debt | 558.5M | 106.8M | 275.6M | 398.4M | 262.9M | 147.7M | |
Retained Earnings | (214.9M) | (147.7M) | (156.1M) | (155.7M) | (332.7M) | (316.1M) | |
Cash | 1.5M | 251K | 227K | 679K | 306K | 290.7K | |
Non Current Assets Total | 433.4M | 336.3M | 425.2M | 553.5M | 485.2M | 509.4M | |
Non Currrent Assets Other | 2.0M | 5.8M | 5.9M | 5.2M | 33.5M | 35.2M | |
Cash And Short Term Investments | 1.5M | 251K | 227K | 679K | 780.9K | 741.8K | |
Net Receivables | 128.9M | 79.7M | 93.0M | 78.9M | 64.9M | 61.0M | |
Common Stock Shares Outstanding | 87.8M | 89.2M | 104.1M | 107.7M | 116.0M | 121.8M | |
Liabilities And Stockholders Equity | 923.4M | 585.6M | 755.1M | 855.9M | 984.2M | 1.0B | |
Non Current Liabilities Total | 305.3M | 116.2M | 278.6M | 347.6M | 354.0M | 371.7M | |
Inventory | 323.5M | 147.7M | 220.1M | 207.0M | 83.2M | 133.0M | |
Other Current Assets | 36.0M | 21.7M | 16.6M | 15.7M | 25.2M | 15.3M | |
Other Stockholder Equity | 71.5M | 75.7M | 23.2M | 33.2M | 38.2M | 40.9M | |
Total Liab | 710.9M | 252.7M | 422.0M | 508.6M | 508.4M | 533.8M | |
Property Plant And Equipment Gross | 253.0M | 193.2M | 266.8M | 405.0M | 552.8M | 580.5M | |
Total Current Assets | 490.0M | 249.3M | 330.0M | 302.4M | 184.2M | 214.3M | |
Intangible Assets | 150.0M | 133.3M | 148.4M | 135.6M | 21.9M | 20.8M | |
Accumulated Other Comprehensive Income | (7.3M) | (9.7M) | (11.3M) | 1.4M | 1.2M | 1.3M | |
Short Term Debt | 265.7M | 16.2M | 22.0M | 51.6M | 59.3M | 76.6M | |
Accounts Payable | 133.5M | 118.6M | 121.4M | 108.5M | 75.8M | 61.2M | |
Common Stock Total Equity | 308.9M | 314.4M | 318.5M | 326.5M | 375.5M | 195.3M | |
Common Stock | 318.5M | 326.5M | 436.5M | 440.3M | 506.4M | 531.7M | |
Good Will | 109.5M | 28.0M | 28.4M | 4.0M | 3.6M | 3.4M | |
Current Deferred Revenue | 4.9M | 1.4M | 37K | 1.4M | 1.3M | 2.5M | |
Other Liab | 10.2M | 18.8M | 25.4M | 24.7M | 22.3M | 29.9M | |
Net Tangible Assets | (29.1M) | 71.5M | 144.4M | 171.6M | 154.4M | 162.2M | |
Other Assets | 61.5M | 5.8M | 5.9M | 8.9M | 8.0M | 7.6M | |
Long Term Debt | 228.5M | 66.2M | 214.8M | 179.2M | 238.9M | 197.7M | |
Short Long Term Debt | 248.5M | 3.5M | 9.8M | 38.5M | 24.3M | 23.1M | |
Property Plant Equipment | 214.8M | 184.0M | 258.6M | 405.0M | 465.7M | 489.0M | |
Long Term Debt Total | 242.2M | 66.2M | 214.8M | 270.0M | 243.0M | 179.6M | |
Capital Surpluse | 35.8M | 37.9M | 23.2M | 33.2M | 38.2M | 32.7M |
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When determining whether SunOpta is a strong investment it is important to analyze SunOpta'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 SunOpta's future performance. For an informed investment choice regarding SunOpta Stock, refer to the following important reports:Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SunOpta. 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. To learn how to invest in SunOpta Stock, please use our How to Invest in SunOpta guide.You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.