Canada Net Tangible Assets vs Accounts Payable Analysis

GOOS Stock

CAD 15.55 0.40 2.64%

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 Net Tangible Assets and its Accounts Payable 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 closely tied with the direction of predictive economic indicators such as signals in board of governors.

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 Canada Goose Holdings Net Tangible Assets account and Accounts Payable. At this time, the significance of the direction appears to have strong relationship.

The correlation between Canada Goose's Net Tangible Assets and Accounts Payable is 0.61. 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 Canada Goose Holdings, assuming nothing else is changed. The correlation between historical values of Canada Goose'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 Canada Goose Holdings 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., Canada Goose's Net Tangible Assets and Accounts Payable go up and down completely randomly.

Correlation Coefficient

0.61

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

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 Canada Goose 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 Canada Goose Holdings 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 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 closely tied with the direction of predictive economic indicators such as signals in board of governors.

As of the 3rd of August 2025, Selling General Administrative is likely to drop to about 408.2 M. In addition to that, Tax Provision is likely to drop to about 22.1 M

	2022	2023	2024	2025 (projected)
Interest Expense	32.1M	42.6M	12.1M	20.8M
Depreciation And Amortization	109.1M	126M	144.9M	152.1M

Interest Expense Depreciation And Amortization

Canada Goose fundamental ratios Correlations

	Common Stock Shares Outstanding	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	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab
Common Stock Shares Outstanding		0.56	0.45	0.41	0.58	0.62	0.51	0.65	0.51	0.26	0.64	0.54	0.45	0.52	0.14	0.48	0.47	0.45	0.42	0.42	0.71	0.47	0.62	0.61	-0.29	0.51
Total Assets	0.56		0.97	0.63	0.99	0.94	0.96	0.93	0.98	0.59	0.91	0.56	0.86	0.99	-0.17	0.92	0.95	0.86	0.88	0.88	0.81	0.98	0.96	0.93	-0.03	0.99
Short Long Term Debt Total	0.45	0.97		0.55	0.96	0.84	0.96	0.82	0.98	0.62	0.8	0.49	0.84	0.97	-0.15	0.91	0.98	0.84	0.9	0.89	0.71	0.99	0.9	0.89	0.13	0.99
Other Current Liab	0.41	0.63	0.55		0.62	0.62	0.54	0.6	0.65	0.78	0.64	0.26	0.44	0.64	-0.01	0.4	0.52	0.44	0.57	0.46	0.57	0.6	0.7	0.55	-0.15	0.61
Total Current Liabilities	0.58	0.99	0.96	0.62		0.91	0.97	0.91	0.98	0.61	0.88	0.6	0.83	0.98	-0.15	0.92	0.95	0.83	0.87	0.89	0.84	0.97	0.96	0.95	-0.04	0.99
Total Stockholder Equity	0.62	0.94	0.84	0.62	0.91		0.87	0.98	0.9	0.42	1.0	0.55	0.83	0.91	-0.2	0.83	0.81	0.83	0.76	0.77	0.85	0.85	0.93	0.9	-0.23	0.88
Other Liab	0.51	0.96	0.96	0.54	0.97	0.87		0.85	0.94	0.56	0.83	0.59	0.84	0.94	-0.16	0.88	0.96	0.84	0.87	0.89	0.8	0.96	0.91	0.92	-0.09	0.97
Net Tangible Assets	0.65	0.93	0.82	0.6	0.91	0.98	0.85		0.89	0.43	0.98	0.61	0.81	0.9	-0.15	0.86	0.81	0.81	0.76	0.76	0.87	0.85	0.93	0.89	-0.22	0.87
Property Plant And Equipment Net	0.51	0.98	0.98	0.65	0.98	0.9	0.94	0.89		0.68	0.87	0.5	0.78	1.0	-0.17	0.92	0.93	0.78	0.92	0.9	0.77	0.98	0.96	0.93	0.07	0.98
Net Debt	0.26	0.59	0.62	0.78	0.61	0.42	0.56	0.43	0.68		0.41	0.3	0.24	0.66	-0.02	0.51	0.56	0.24	0.7	0.55	0.4	0.65	0.68	0.54	0.21	0.64
Retained Earnings	0.64	0.91	0.8	0.64	0.88	1.0	0.83	0.98	0.87	0.41		0.57	0.81	0.88	-0.18	0.78	0.76	0.81	0.71	0.71	0.86	0.81	0.91	0.87	-0.27	0.84
Accounts Payable	0.54	0.56	0.49	0.26	0.6	0.55	0.59	0.61	0.5	0.3	0.57		0.58	0.49	-0.08	0.5	0.54	0.58	0.35	0.27	0.63	0.52	0.58	0.48	-0.06	0.55
Cash	0.45	0.86	0.84	0.44	0.83	0.83	0.84	0.81	0.78	0.24	0.81	0.58		0.78	-0.16	0.74	0.88	1.0	0.61	0.63	0.67	0.84	0.72	0.69	-0.01	0.84
Non Current Assets Total	0.52	0.99	0.97	0.64	0.98	0.91	0.94	0.9	1.0	0.66	0.88	0.49	0.78		-0.17	0.93	0.93	0.78	0.92	0.91	0.78	0.98	0.97	0.95	0.03	0.98
Non Currrent Assets Other	0.14	-0.17	-0.15	-0.01	-0.15	-0.2	-0.16	-0.15	-0.17	-0.02	-0.18	-0.08	-0.16	-0.17		-0.18	-0.1	-0.16	-0.2	-0.17	0.2	-0.14	-0.14	-0.11	-0.03	-0.15
Other Assets	0.48	0.92	0.91	0.4	0.92	0.83	0.88	0.86	0.92	0.51	0.78	0.5	0.74	0.93	-0.18		0.9	0.74	0.86	0.91	0.69	0.92	0.89	0.89	0.05	0.93
Long Term Debt	0.47	0.95	0.98	0.52	0.95	0.81	0.96	0.81	0.93	0.56	0.76	0.54	0.88	0.93	-0.1	0.9		0.88	0.86	0.86	0.7	0.98	0.86	0.85	0.1	0.98
Cash And Short Term Investments	0.45	0.86	0.84	0.44	0.83	0.83	0.84	0.81	0.78	0.24	0.81	0.58	1.0	0.78	-0.16	0.74	0.88		0.61	0.63	0.67	0.84	0.72	0.69	-0.01	0.84
Net Receivables	0.42	0.88	0.9	0.57	0.87	0.76	0.87	0.76	0.92	0.7	0.71	0.35	0.61	0.92	-0.2	0.86	0.86	0.61		0.94	0.66	0.9	0.86	0.87	0.07	0.9
Good Will	0.42	0.88	0.89	0.46	0.89	0.77	0.89	0.76	0.9	0.55	0.71	0.27	0.63	0.91	-0.17	0.91	0.86	0.63	0.94		0.69	0.89	0.85	0.93	-0.07	0.9
Common Stock Total Equity	0.71	0.81	0.71	0.57	0.84	0.85	0.8	0.87	0.77	0.4	0.86	0.63	0.67	0.78	0.2	0.69	0.7	0.67	0.66	0.69		0.72	0.84	0.87	-0.34	0.77
Non Current Liabilities Total	0.47	0.98	0.99	0.6	0.97	0.85	0.96	0.85	0.98	0.65	0.81	0.52	0.84	0.98	-0.14	0.92	0.98	0.84	0.9	0.89	0.72		0.92	0.89	0.11	1.0
Inventory	0.62	0.96	0.9	0.7	0.96	0.93	0.91	0.93	0.96	0.68	0.91	0.58	0.72	0.97	-0.14	0.89	0.86	0.72	0.86	0.85	0.84	0.92		0.95	-0.13	0.94
Other Current Assets	0.61	0.93	0.89	0.55	0.95	0.9	0.92	0.89	0.93	0.54	0.87	0.48	0.69	0.95	-0.11	0.89	0.85	0.69	0.87	0.93	0.87	0.89	0.95		-0.18	0.92
Other Stockholder Equity	-0.29	-0.03	0.13	-0.15	-0.04	-0.23	-0.09	-0.22	0.07	0.21	-0.27	-0.06	-0.01	0.03	-0.03	0.05	0.1	-0.01	0.07	-0.07	-0.34	0.11	-0.13	-0.18		0.06
Total Liab	0.51	0.99	0.99	0.61	0.99	0.88	0.97	0.87	0.98	0.64	0.84	0.55	0.84	0.98	-0.15	0.93	0.98	0.84	0.9	0.9	0.77	1.0	0.94	0.92	0.06

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Canada Goose Account Relationship Matchups

Canada Goose fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Common Stock Shares Outstanding	111.1M	109.2M	105.6M	101.8M	96.8M	110.7M
Total Assets	1.5B	1.3B	1.6B	1.5B	1.6B	1.1B
Short Long Term Debt Total	622.6M	640.2M	754M	728.4M	837.7M	419.1M
Other Current Liab	118.9M	43M	157.1M	129.4M	2.6M	2.5M
Total Current Liabilities	262.1M	281.5M	352.4M	309.9M	328.4M	214.9M
Total Stockholder Equity	600.1M	427.9M	469.5M	417M	541.2M	402.2M
Other Liab	44.5M	41.1M	61.4M	72.8M	83.7M	44.2M
Net Tangible Assets	190.4M	305.4M	399.7M	252.6M	290.5M	305.0M
Property Plant And Equipment Net	350.2M	329.4M	447.8M	451.6M	441.8M	256.6M
Net Debt	144.7M	333M	467.5M	583.5M	77.6M	73.7M
Retained Earnings	454.4M	290.4M	316.5M	252.5M	346.7M	253.0M
Accounts Payable	78.9M	176.2M	60.1M	57.6M	39.6M	68.3M
Cash	477.9M	287.7M	286.5M	144.9M	334.4M	177.0M
Non Current Assets Total	610.3M	578.3M	726.8M	740.8M	741.5M	514.3M
Non Currrent Assets Other	7M	100K	5.1M	20.4M	12.5M	95K
Other Assets	53.5M	73.6M	80M	83.3M	95.8M	100.6M
Long Term Debt	367.8M	366.2M	391.6M	388.5M	407.7M	275.7M
Cash And Short Term Investments	477.9M	287.7M	286.5M	144.9M	334.4M	177.0M
Net Receivables	45.7M	43.8M	51.8M	98.4M	68.6M	43.9M
Liabilities And Stockholders Equity	1.5B	1.3B	1.6B	1.5B	1.6B	1.1B
Non Current Liabilities Total	645M	631.2M	760.1M	748.2M	731.7M	473.0M
Inventory	342.3M	393.3M	472.6M	445.2M	384M	319.7M
Other Current Assets	43.5M	31M	37.5M	52.3M	63.8M	36.6M
Other Stockholder Equity	25.2M	36.2M	28.5M	54.4M	19.5M	20.5M
Total Liab	907.1M	912.7M	1.1B	1.1B	1.1B	689.5M
Property Plant And Equipment Gross	350.2M	329.4M	447.8M	903.3M	1.0B	1.1B
Total Current Assets	896.9M	762.3M	863.2M	740.8M	875.2M	578.9M
Accumulated Other Comprehensive Income	(5.2M)	(17.2M)	5.8M	5.2M	6.0M	6.3M
Short Term Debt	0.0	35.9M	45.2M	62.3M	103.7M	89.3M
Intangible Assets	161.7M	155M	122.2M	135.1M	131.9M	151.3M
Common Stock	120.5M	118.5M	118.7M	104.9M	109.6M	101.6M
Property Plant Equipment	350.2M	329.4M	447.8M	451.6M	441.8M	256.6M
Long Term Debt Total	577.4M	577.9M	650.3M	639.1M	654.6M	441.8M
Capital Surpluse	25.2M	26.2M	28.5M	54.4M	65.4M	68.7M
Non Current Liabilities Other	20.4M	25.7M	56.9M	54.6M	40.3M	28.1M
Net Invested Capital	967.9M	797.9M	888.7M	814.9M	953.2M	828.6M

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

0.69	NVDA	NVIDIA CDR	Pair Corr
0.61	MSFT	Microsoft Corp CDR	Pair Corr
0.77	AMZN	Amazon CDR	Pair Corr
0.7	GOOG	Alphabet CDR	Pair Corr

Moving against Canada Stock

0.62	BRK	Berkshire Hathaway CDR	Pair Corr
0.41	WMT	Walmart Inc CDR	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

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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 closely tied with the direction of predictive economic indicators such as signals in board of governors.

You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.

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 Net Tangible Assets vs Accounts Payable Analysis

Net Tangible Assets vs Accounts Payable

Net Tangible Assets vs Accounts Payable Correlation Analysis

Correlation Coefficient

Net Tangible Assets

Accounts Payable

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

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

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 Liab	+ 1.0	Non Current Liabilities Total
Total Current Liabilities	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Total Assets

Other Stockholder Equity	- 0.34	Common Stock Total Equity
Other Stockholder Equity	- 0.29	Common Stock Shares Outstanding
Other Stockholder Equity	- 0.27	Retained Earnings
Other Stockholder Equity	- 0.23	Total Stockholder Equity
Other Stockholder Equity	- 0.22	Net Tangible Assets
Net Receivables	- 0.2	Non Currrent Assets Other