Argo Operating Income vs Depreciation And Amortization Analysis
| ARGD Stock | USD 22.08 0.24 1.10% |
Argo Group financial indicator trend analysis is way more than just evaluating Argo Group 65 prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Argo Group 65 is a good investment. Please check the relationship between Argo Group Operating Income and its Depreciation And Amortization accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Argo Group 65. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.
Operating Income vs Depreciation And Amortization
Operating Income vs Depreciation And Amortization Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Argo Group 65 Operating Income account and Depreciation And Amortization. At this time, the significance of the direction appears to have pay attention.
The correlation between Argo Group's Operating Income and Depreciation And Amortization is -0.84. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Depreciation And Amortization in the same time period over historical financial statements of Argo Group 65, assuming nothing else is changed. The correlation between historical values of Argo Group's Operating Income and Depreciation And Amortization is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Income of Argo Group 65 are associated (or correlated) with its Depreciation And Amortization. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation And Amortization has no effect on the direction of Operating Income i.e., Argo Group's Operating Income and Depreciation And Amortization go up and down completely randomly.
Correlation Coefficient | -0.84 |
| Relationship Direction | Negative |
| Relationship Strength | Significant |
Operating Income
Operating Income is the amount of profit realized from Argo Group 65 operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Argo Group 65 is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.Depreciation And Amortization
The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.Most indicators from Argo Group's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Argo Group 65 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Argo Group 65. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. As of November 30, 2024, Enterprise Value Over EBITDA is expected to decline to 0.01. In addition to that, Enterprise Value Multiple is expected to decline to 0.01
| 2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 2.1B | 1.8B | 2.0B | 1.6B | Interest Expense | 21.6M | 26.8M | 30.8M | 26.6M |
Argo Group fundamental ratios Correlations
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Argo Group Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Argo Group fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 10.5B | 10.5B | 10.3B | 1.3B | 8.5B | 7.1B | |
| Total Stockholder Equity | 1.8B | 1.9B | 1.7B | 1.2B | 1.3B | 1.6B | |
| Net Debt | (137.8M) | (148.8M) | (146.1M) | 61.2M | (791.6M) | (752.0M) | |
| Retained Earnings | 811.1M | 684.1M | 636.4M | 407.3M | 900K | 855K | |
| Cash | 137.8M | 148.8M | 146.1M | 5.2M | 791.6M | 831.2M | |
| Non Current Assets Total | 456.8M | 402.3M | 417.3M | 1.6B | 322.3M | 440.3M | |
| Non Currrent Assets Other | (4.3B) | (4.7B) | (4.7B) | (6.1B) | (5.5B) | (5.8B) | |
| Other Assets | 9.1B | 9.4B | 9.1B | (360.6M) | 6.9B | 6.0B | |
| Cash And Short Term Investments | 982.8M | 691.4M | 801.9M | 7M | 1.2B | 1.3B | |
| Net Receivables | 4.3B | 3M | 7.3M | 44.9M | 53.1M | 50.4M | |
| Common Stock Shares Outstanding | 34.2M | 34.6M | 34.8M | 35.0M | 31.5M | 26.7M | |
| Short Term Investments | 845M | 542.6M | 655.8M | 1.8M | 429.5M | 461.8M | |
| Liabilities And Stockholders Equity | 10.5B | 10.5B | 10.3B | 1.3B | 8.5B | 7.1B | |
| Non Current Liabilities Total | 8.7B | 8.6B | (25M) | 67.1M | 77.2M | 73.3M | |
| Other Stockholder Equity | 921.5M | 1.1B | 1.1B | 1.1B | 51.1M | 48.5M | |
| Total Liab | 8.7B | 8.6B | 32M | 67.1M | 7.2B | 7.6B | |
| Total Current Assets | 982.8M | 694.4M | 809.2M | 51.9M | 1.3B | 1.3B | |
| Common Stock | 45.7M | 46M | 46.2M | 46.4M | 1.1B | 1.1B | |
| Accumulated Other Comprehensive Income | 2.8M | 58.6M | (22.7M) | (305.1M) | 51.8M | 54.4M | |
| Intangible Assets | 91.8M | 60.5M | 17.3M | 44.9M | 180.6M | 189.6M | |
| Net Tangible Assets | 1.6B | 1.5B | 1.5B | 1.5B | 1.7B | 1.6B | |
| Long Term Debt | 580.7M | 580.2M | 578.7M | 458.7M | 527.5M | 468.5M | |
| Common Stock Total Equity | 40.4M | 45.3M | 45.7M | 46M | 52.9M | 43.3M | |
| Retained Earnings Total Equity | 977M | 862.6M | 811.1M | 684.1M | 615.7M | 696.0M | |
| Long Term Debt Total | 580.7M | 580.2M | 578.7M | 458.7M | 527.5M | 468.5M | |
| Capital Surpluse | 1.1B | 1.4B | 1.4B | 1.4B | 1.6B | 1.2B | |
| Long Term Investments | 4.8B | 4.8B | 5.1B | 5.3B | 6.1B | 5.0B | |
| Non Current Liabilities Other | 6.3B | 7.2B | 8.2B | 8.1B | 9.4B | 6.5B |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Argo Group 65 is a strong investment it is important to analyze Argo Group'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 Argo Group's future performance. For an informed investment choice regarding Argo Stock, refer to the following important reports:Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Argo Group 65. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Is Oil & Gas Exploration & Production space 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 Argo Group. If investors know Argo 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 Argo Group listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Argo Group 65 is measured differently than its book value, which is the value of Argo that is recorded on the company's balance sheet. Investors also form their own opinion of Argo Group's value that differs from its market value or its book value, called intrinsic value, which is Argo Group'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 Argo Group's market value can be influenced by many factors that don't directly affect Argo Group'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 Argo Group's value and its price as these two are different measures arrived at by different means. Investors typically determine if Argo Group is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Argo Group'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.