Centamin Net Debt vs Total Assets Analysis

CEE Stock

CAD 2.48 0.10 3.88%

Centamin PLC financial indicator trend analysis is way more than just evaluating Centamin PLC prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Centamin PLC is a good investment. Please check the relationship between Centamin PLC Net Debt and its Total Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Centamin PLC. 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 Debt vs Total Assets

Net Debt vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Centamin PLC Net Debt account and Total Assets. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Centamin PLC's Net Debt and Total Assets is -0.59. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Total Assets in the same time period over historical financial statements of Centamin PLC, assuming nothing else is changed. The correlation between historical values of Centamin PLC's Net Debt and Total Assets 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 Debt of Centamin PLC are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Net Debt i.e., Centamin PLC's Net Debt and Total Assets go up and down completely randomly.

Correlation Coefficient

-0.59

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Total Assets

Total assets refers to the total amount of Centamin PLC assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Centamin PLC books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Most indicators from Centamin PLC's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Centamin PLC 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 Centamin PLC. 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 23rd of November 2024, Selling General Administrative is likely to drop to about 5 M. In addition to that, Tax Provision is likely to drop to about 242.2 K

	2021	2022	2023	2024 (projected)
Gross Profit	245.9M	244.3M	294.4M	151.5M
Total Revenue	733.3M	788.4M	891.3M	935.8M

Gross Profit Total Revenue

Centamin PLC fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Inventory	Common Stock Total Equity	Intangible Assets	Common Stock	Other Liab
Total Assets		0.47	0.61	1.0	0.98	-0.59	0.96	0.63	0.58	0.97	-0.2	0.24	0.58	0.38	0.93	0.31	0.03	-0.84	0.51	0.49	0.82	0.93	0.92	0.75	0.91	0.2
Other Current Liab	0.47		0.9	0.41	0.44	0.01	0.38	0.32	0.09	0.5	0.54	0.87	0.09	0.57	0.47	0.86	0.51	-0.58	0.93	0.89	0.27	0.44	0.56	0.51	0.53	0.87
Total Current Liabilities	0.61	0.9		0.56	0.62	-0.03	0.52	0.7	0.11	0.67	0.43	0.77	0.11	0.5	0.59	0.81	0.39	-0.72	0.97	0.87	0.34	0.61	0.64	0.45	0.62	0.77
Total Stockholder Equity	1.0	0.41	0.56		0.96	-0.63	0.96	0.6	0.62	0.95	-0.26	0.18	0.62	0.37	0.93	0.25	0.0	-0.83	0.45	0.44	0.85	0.92	0.92	0.74	0.92	0.13
Property Plant And Equipment Net	0.98	0.44	0.62	0.96		-0.42	0.92	0.68	0.4	0.99	-0.2	0.25	0.4	0.37	0.9	0.29	-0.02	-0.82	0.5	0.52	0.69	0.97	0.9	0.68	0.88	0.19
Net Debt	-0.59	0.01	-0.03	-0.63	-0.42		-0.64	-0.14	-0.98	-0.37	0.48	0.32	-0.98	-0.07	-0.52	0.16	0.13	0.43	0.05	0.16	-0.93	-0.32	-0.47	-0.49	-0.52	0.26
Retained Earnings	0.96	0.38	0.52	0.96	0.92	-0.64		0.57	0.63	0.91	-0.36	0.13	0.63	0.2	0.79	0.23	-0.15	-0.69	0.42	0.41	0.83	0.88	0.79	0.79	0.79	0.12
Accounts Payable	0.63	0.32	0.7	0.6	0.68	-0.14	0.57		0.13	0.69	0.03	0.24	0.13	0.14	0.56	0.34	0.0	-0.65	0.58	0.42	0.34	0.66	0.52	0.19	0.53	0.24
Cash	0.58	0.09	0.11	0.62	0.4	-0.98	0.63	0.13		0.36	-0.43	-0.22	1.0	0.15	0.53	-0.08	-0.07	-0.47	0.04	-0.06	0.94	0.31	0.49	0.5	0.55	-0.17
Non Current Assets Total	0.97	0.5	0.67	0.95	0.99	-0.37	0.91	0.69	0.36		-0.11	0.34	0.36	0.38	0.89	0.38	0.04	-0.82	0.57	0.58	0.66	0.97	0.9	0.71	0.87	0.27
Non Currrent Assets Other	-0.2	0.54	0.43	-0.26	-0.2	0.48	-0.36	0.03	-0.43	-0.11		0.76	-0.42	0.27	-0.07	0.67	0.59	-0.09	0.56	0.44	-0.36	-0.15	0.0	-0.06	-0.04	0.71
Other Assets	0.24	0.87	0.77	0.18	0.25	0.32	0.13	0.24	-0.22	0.34	0.76		-0.22	0.42	0.29	0.91	0.65	-0.42	0.87	0.86	-0.04	0.31	0.39	0.41	0.34	0.93
Cash And Short Term Investments	0.58	0.09	0.11	0.62	0.4	-0.98	0.63	0.13	1.0	0.36	-0.42	-0.22		0.16	0.53	-0.08	-0.06	-0.47	0.04	-0.07	0.94	0.31	0.49	0.5	0.55	-0.17
Net Receivables	0.38	0.57	0.5	0.37	0.37	-0.07	0.2	0.14	0.15	0.38	0.27	0.42	0.16		0.59	0.3	0.47	-0.67	0.44	0.54	0.29	0.31	0.64	0.16	0.62	0.34
Common Stock Shares Outstanding	0.93	0.47	0.59	0.93	0.9	-0.52	0.79	0.56	0.53	0.89	-0.07	0.29	0.53	0.59		0.28	0.23	-0.95	0.48	0.47	0.77	0.86	0.98	0.59	0.99	0.19
Non Current Liabilities Total	0.31	0.86	0.81	0.25	0.29	0.16	0.23	0.34	-0.08	0.38	0.67	0.91	-0.08	0.3	0.28		0.52	-0.43	0.93	0.88	0.07	0.32	0.36	0.47	0.33	0.98
Other Current Assets	0.03	0.51	0.39	0.0	-0.02	0.13	-0.15	0.0	-0.07	0.04	0.59	0.65	-0.06	0.47	0.23	0.52		-0.34	0.46	0.44	0.0	0.02	0.29	0.11	0.26	0.57
Other Stockholder Equity	-0.84	-0.58	-0.72	-0.83	-0.82	0.43	-0.69	-0.65	-0.47	-0.82	-0.09	-0.42	-0.47	-0.67	-0.95	-0.43	-0.34		-0.63	-0.58	-0.68	-0.77	-0.94	-0.49	-0.96	-0.35
Total Liab	0.51	0.93	0.97	0.45	0.5	0.05	0.42	0.58	0.04	0.57	0.56	0.87	0.04	0.44	0.48	0.93	0.46	-0.63		0.92	0.24	0.52	0.55	0.48	0.53	0.9
Property Plant And Equipment Gross	0.49	0.89	0.87	0.44	0.52	0.16	0.41	0.42	-0.06	0.58	0.44	0.86	-0.07	0.54	0.47	0.88	0.44	-0.58	0.92		0.16	0.54	0.56	0.51	0.52	0.88
Total Current Assets	0.82	0.27	0.34	0.85	0.69	-0.93	0.83	0.34	0.94	0.66	-0.36	-0.04	0.94	0.29	0.77	0.07	0.0	-0.68	0.24	0.16		0.61	0.74	0.66	0.77	-0.03
Inventory	0.93	0.44	0.61	0.92	0.97	-0.32	0.88	0.66	0.31	0.97	-0.15	0.31	0.31	0.31	0.86	0.32	0.02	-0.77	0.52	0.54	0.61		0.87	0.64	0.84	0.23
Common Stock Total Equity	0.92	0.56	0.64	0.92	0.9	-0.47	0.79	0.52	0.49	0.9	0.0	0.39	0.49	0.64	0.98	0.36	0.29	-0.94	0.55	0.56	0.74	0.87		0.64	0.98	0.29
Intangible Assets	0.75	0.51	0.45	0.74	0.68	-0.49	0.79	0.19	0.5	0.71	-0.06	0.41	0.5	0.16	0.59	0.47	0.11	-0.49	0.48	0.51	0.66	0.64	0.64		0.61	0.39
Common Stock	0.91	0.53	0.62	0.92	0.88	-0.52	0.79	0.53	0.55	0.87	-0.04	0.34	0.55	0.62	0.99	0.33	0.26	-0.96	0.53	0.52	0.77	0.84	0.98	0.61		0.24
Other Liab	0.2	0.87	0.77	0.13	0.19	0.26	0.12	0.24	-0.17	0.27	0.71	0.93	-0.17	0.34	0.19	0.98	0.57	-0.35	0.9	0.88	-0.03	0.23	0.29	0.39	0.24

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Centamin PLC Account Relationship Matchups

Centamin PLC fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.4B	1.4B	1.4B	1.5B	1.5B	974.0M
Other Current Liab	39.0M	40.8M	44.6M	57.5M	67.0M	70.3M
Total Current Liabilities	66.2M	72.2M	80.6M	102.9M	96.3M	101.2M
Total Stockholder Equity	1.3B	1.3B	1.3B	1.3B	1.4B	918.7M
Property Plant And Equipment Net	872.9M	893.6M	981.5M	1.1B	1.1B	638.7M
Net Debt	(278.2M)	(291.3M)	(207.2M)	(96.0M)	(88.2M)	(92.6M)
Retained Earnings	615.4M	634.5M	655.5M	641.8M	681.9M	413.6M
Accounts Payable	27.2M	31.5M	36.1M	43.5M	27.6M	21.3M
Cash	278.2M	291.3M	207.8M	102.4M	93.3M	174.0M
Non Current Assets Total	925.6M	958.6M	1.0B	1.2B	1.2B	697.7M
Non Currrent Assets Other	52.8M	65.0M	64.9M	96.1M	104.1M	109.3M
Other Assets	52.8M	65.0M	64.9M	96.1M	110.6M	116.1M
Cash And Short Term Investments	284.7M	291.3M	207.8M	102.4M	93.3M	174.4M
Net Receivables	34.7M	12.5M	29.1M	29.8M	44.9M	47.2M
Common Stock Shares Outstanding	1.2B	1.2B	1.2B	1.2B	1.2B	1.0B
Liabilities And Stockholders Equity	1.4B	1.4B	1.4B	1.5B	1.5B	974.0M
Non Current Liabilities Total	14.6M	34.2M	53.0M	49.2M	48.3M	50.7M
Other Current Assets	23.6M	14.8M	11.4M	19.7M	22.6M	23.7M
Total Liab	80.8M	106.4M	133.7M	152.1M	144.6M	151.9M
Property Plant And Equipment Gross	872.9M	893.6M	1.9B	2.2B	2.3B	2.4B
Total Current Assets	446.8M	437.3M	377.1M	285.9M	310.3M	276.4M
Accumulated Other Comprehensive Income	4.2M	3.3M	5.0M	6.1M	10.1M	10.6M
Inventory	109.0M	118.7M	128.7M	134.1M	149.5M	85.2M
Common Stock Total Equity	668.7M	670.6M	672.1M	668.8M	769.1M	616.2M
Common Stock	672.1M	668.8M	669.5M	671.0M	673.4M	639.1M
Other Liab	13.7M	14.6M	34.2M	52.4M	60.3M	63.3M
Net Tangible Assets	1.3B	1.3B	1.3B	1.3B	1.2B	1.1B
Property Plant Equipment	872.9M	893.6M	981.5M	1.1B	1.0B	782.3M
Net Invested Capital	1.3B	1.3B	1.3B	1.3B	1.4B	1.1B
Net Working Capital	380.6M	365.1M	296.5M	183.0M	213.9M	257.7M
Capital Stock	672.1M	668.8M	669.5M	671.0M	673.4M	738.0M

Pair Trading with Centamin PLC

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 Centamin PLC 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 Centamin PLC will appreciate offsetting losses from the drop in the long position's value.

Moving together with Centamin Stock

0.81	AG	First Majestic Silver	Pair Corr
0.68	IE	Ivanhoe Energy	Pair Corr

Moving against Centamin Stock

0.32	BRK	Berkshire Hathaway CDR	Pair Corr
0.31	INFM	Infinico Metals Corp	Pair Corr

The ability to find closely correlated positions to Centamin PLC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Centamin PLC 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 Centamin PLC - 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 Centamin PLC to buy it.

The correlation of Centamin PLC 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 Centamin PLC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Centamin PLC 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 Centamin PLC 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

Other Information on Investing in Centamin Stock

Balance Sheet is a snapshot of the financial position of Centamin PLC at a specified time, usually calculated after every quarter, six months, or one year. Centamin PLC Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Centamin PLC 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 Centamin currently owns. An asset can also be divided into two categories, current and non-current.

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Centamin Net Debt vs Total Assets Analysis

Net Debt vs Total Assets

Net Debt vs Total Assets Correlation Analysis

Correlation Coefficient

Net Debt

Total Assets

Centamin PLC fundamental ratios Correlations

Centamin PLC Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Centamin PLC fundamental ratios Accounts

Pair Trading with Centamin PLC

Moving together with Centamin Stock

Moving against Centamin Stock

Other Information on Investing in Centamin Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Cash And Short Term Investments	+ 1.0	Cash
Non Current Assets Total	+ 0.99	Property Plant And Equipment Net
Common Stock	+ 0.99	Common Stock Shares Outstanding
Property Plant And Equipment Net	+ 0.98	Total Assets
Common Stock Total Equity	+ 0.98	Common Stock Shares Outstanding

Cash And Short Term Investments	- 0.98	Net Debt
Cash	- 0.98	Net Debt
Common Stock	- 0.96	Other Stockholder Equity
Other Stockholder Equity	- 0.95	Common Stock Shares Outstanding
Common Stock Total Equity	- 0.94	Other Stockholder Equity
Total Current Assets	- 0.93	Net Debt