Condor Total Stockholder Equity vs Short Term Debt Analysis
CDR Stock | 2.25 0.16 7.66% |
Condor Energies financial indicator trend analysis is way more than just evaluating Condor Energies prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Condor Energies is a good investment. Please check the relationship between Condor Energies Total Stockholder Equity and its Short Term Debt accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Condor Energies. 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.
Total Stockholder Equity vs Short Term Debt
Total Stockholder Equity vs Short Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Condor Energies Total Stockholder Equity account and Short Term Debt. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Condor Energies' Total Stockholder Equity and Short Term Debt is 0.58. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Short Term Debt in the same time period over historical financial statements of Condor Energies, assuming nothing else is changed. The correlation between historical values of Condor Energies' Total Stockholder Equity and Short Term 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 Total Stockholder Equity of Condor Energies are associated (or correlated) with its Short Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Debt has no effect on the direction of Total Stockholder Equity i.e., Condor Energies' Total Stockholder Equity and Short Term Debt go up and down completely randomly.
Correlation Coefficient | 0.58 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.Short Term Debt
Most indicators from Condor Energies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Condor Energies 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 Condor Energies. 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 24th of November 2024, Selling General Administrative is likely to grow to about 7.2 M, while Tax Provision is likely to drop (3.2 M).
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 6K | 4K | 708K | 898.6K | Depreciation And Amortization | 3.5M | 1.1M | 1.6M | 2.6M |
Condor Energies fundamental ratios Correlations
Click cells to compare fundamentals
Condor Energies Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Condor Energies fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 45.5M | 21.5M | 8.7M | 10.1M | 6.8M | 6.4M | |
Other Current Liab | 8.3M | 2.0M | 409K | 1.9M | 635K | 603.3K | |
Total Current Liabilities | 20.3M | 2.0M | 2.1M | 2.0M | 2.0M | 1.9M | |
Total Stockholder Equity | 22.8M | 17.1M | 5.0M | 6.3M | (2.5M) | (2.4M) | |
Property Plant And Equipment Net | 15.0M | 4.9M | 2.8M | 5.2M | 638K | 606.1K | |
Net Debt | 4.0M | (12.3M) | (4.6M) | (3.6M) | 1.1M | 1.2M | |
Retained Earnings | (191.6M) | (193.6M) | (204.9M) | (208.0M) | (219.4M) | (230.4M) | |
Accounts Payable | 5.1M | 1.7M | 1.7M | 1.6M | 680K | 646K | |
Cash | 2.9M | 12.3M | 4.6M | 3.8M | 5.0M | 4.8M | |
Non Current Assets Total | 18.6M | 7.9M | 3.6M | 5.7M | 1.2M | 1.1M | |
Non Currrent Assets Other | 4.4M | 1.6M | 1.3M | 283K | 254.7K | 242.0K | |
Cash And Short Term Investments | 2.9M | 12.3M | 4.6M | 3.8M | 5.0M | 4.8M | |
Net Receivables | 3.9M | 394K | 238K | 380K | 90K | 85.5K | |
Liabilities And Stockholders Equity | 45.5M | 21.5M | 8.7M | 10.1M | 6.8M | 6.4M | |
Non Current Liabilities Total | 2.4M | 2.4M | 1.6M | 1.8M | 7.3M | 4.5M | |
Other Current Assets | 19.7M | 723K | 218K | 189K | 387K | 367.7K | |
Other Stockholder Equity | 21.8M | 22.1M | 21.4M | 21.7M | 24.6M | 23.3M | |
Total Liab | 22.7M | 4.4M | 3.7M | 3.8M | 9.3M | 11.4M | |
Total Current Assets | 26.8M | 13.6M | 5.1M | 4.4M | 5.6M | 5.3M | |
Inventory | 342K | 164K | 69K | 84K | 59K | 56.1K | |
Accumulated Other Comprehensive Income | (79.5M) | (83.3M) | (84.6M) | (83.9M) | (84.4M) | (88.6M) | |
Short Long Term Debt Total | 9.2M | 6.9M | 13K | 192K | 6.2M | 6.1M | |
Short Term Debt | 3.8M | 6.9M | 13K | 93K | 649K | 616.6K | |
Capital Surpluse | 21.8M | 22.1M | 21.4M | 21.7M | 24.9M | 23.6M | |
Property Plant Equipment | 15.0M | 4.9M | 2.8M | 5.2M | 4.7M | 4.5M | |
Current Deferred Revenue | 292K | 119K | (1.7M) | (1.6M) | (1.9M) | (2.0M) |
Pair Trading with Condor Energies
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 Condor Energies 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 Condor Energies will appreciate offsetting losses from the drop in the long position's value.Moving together with Condor Stock
The ability to find closely correlated positions to Condor Energies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Condor Energies 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 Condor Energies - 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 Condor Energies to buy it.
The correlation of Condor Energies 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 Condor Energies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Condor Energies 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 Condor Energies 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.Other Information on Investing in Condor Stock
Balance Sheet is a snapshot of the financial position of Condor Energies at a specified time, usually calculated after every quarter, six months, or one year. Condor Energies Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Condor Energies and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Condor currently owns. An asset can also be divided into two categories, current and non-current.