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Canoe EITome Fund (TSX:EIT.UN) Capex-to-Operating-Cash-Flow : 0.00 (As of Dec. 2023)


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What is Canoe EITome Fund Capex-to-Operating-Cash-Flow?

Capex-to-Operating-Cash-Flow assesses how much of a company’s cash flow from operations is being devoted to capital expenditure. It’s also useful to distinguish whether the company is capital intensive or not.

Canoe EITome Fund's Capital Expenditure for the six months ended in Dec. 2023 was C$0.00 Mil. Its Cash Flow from Operations for the six months ended in Dec. 2023 was C$-164.37 Mil.

GuruFocus do not calculate Capex-to-Operating-Cash-Flow if the Cash Flow from Operations is negative.


Canoe EITome Fund Capex-to-Operating-Cash-Flow Historical Data

The historical data trend for Canoe EITome Fund's Capex-to-Operating-Cash-Flow can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Canoe EITome Fund Capex-to-Operating-Cash-Flow Chart

Canoe EITome Fund Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Capex-to-Operating-Cash-Flow
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Canoe EITome Fund Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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Competitive Comparison of Canoe EITome Fund's Capex-to-Operating-Cash-Flow

For the Asset Management subindustry, Canoe EITome Fund's Capex-to-Operating-Cash-Flow, along with its competitors' market caps and Capex-to-Operating-Cash-Flow data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Canoe EITome Fund's Capex-to-Operating-Cash-Flow Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Canoe EITome Fund's Capex-to-Operating-Cash-Flow distribution charts can be found below:

* The bar in red indicates where Canoe EITome Fund's Capex-to-Operating-Cash-Flow falls into.



Canoe EITome Fund Capex-to-Operating-Cash-Flow Calculation

Canoe EITome Fund's Capex-to-Operating-Cash-Flow for the fiscal year that ended in Dec. 2023 is calculated as

Capex-to-Operating-Cash-Flow=- Capital Expenditure / Cash Flow from Operations
=- (0) / -112.774
=N/A

Canoe EITome Fund's Capex-to-Operating-Cash-Flow for the quarter that ended in Dec. 2023 is calculated as

Capex-to-Operating-Cash-Flow=- Capital Expenditure / Cash Flow from Operations
=- (0) / -164.374
=N/A

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Canoe EITome Fund  (TSX:EIT.UN) Capex-to-Operating-Cash-Flow Explanation

Capex-to-Operating-Cash-Flow ratio assesses how much of a company’s Cash Flow from Operations is being devoted to Capital Expenditure. It is a good indicator in terms of how much the company is focused on growth. In general, a high Capex-to-Operating-Cash-Flow ratio indicates that the company is investing more in physical assets and is focused on growth and expansion. Conversely, lower ratio could indicate that a company has reached maturity and is no longer pursuing aggressive growth.

Moreover, the ratio is also useful to distinguish whether the company is capital intensive or not. If the ratio is large, then the company tends to be capital intensive. Lower ratio suggests that it’s a capital-light business. The ratio can be combined with ROIC % to identify whether the company is an asset-light business that has a high return on invested capital. This is one question investors commonly ask to see if a company qualifies as a good company.


Canoe EITome Fund Capex-to-Operating-Cash-Flow Related Terms

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Canoe EITome Fund (TSX:EIT.UN) Business Description

Address
421 - 7th Avenue SW, Suite 2750, Calgary, AB, CAN, T2P 4K9
Canoe EIT Income Fund is a Canadian closed-end investment trust. The investment objective of the Fund is to maximize monthly distributions relative to risk and maximize net asset value while maintaining and expanding a diversified portfolio. The company invests in various sectors, of which Financials, Energy, Healthcare, etc.

Canoe EITome Fund (TSX:EIT.UN) Headlines

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