Contango Other Current Liab vs Total Liab Analysis
CGO Stock | 1.30 0.00 0.00% |
Contango Holdings financial indicator trend analysis is way more than just evaluating Contango Holdings PLC prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Contango Holdings PLC is a good investment. Please check the relationship between Contango Holdings Other Current Liab and its Total Liab accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Contango Holdings 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 bureau of economic analysis.
Other Current Liab vs Total Liab
Other Current Liab vs Total Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Contango Holdings PLC Other Current Liab account and Total Liab. At this time, the significance of the direction appears to have strong relationship.
The correlation between Contango Holdings' Other Current Liab and Total Liab is 0.63. Overlapping area represents the amount of variation of Other Current Liab that can explain the historical movement of Total Liab in the same time period over historical financial statements of Contango Holdings PLC, assuming nothing else is changed. The correlation between historical values of Contango Holdings' Other Current Liab and Total Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Liab of Contango Holdings PLC are associated (or correlated) with its Total Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Liab has no effect on the direction of Other Current Liab i.e., Contango Holdings' Other Current Liab and Total Liab go up and down completely randomly.
Correlation Coefficient | 0.63 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Other Current Liab
Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.Most indicators from Contango Holdings' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Contango Holdings 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 Contango Holdings 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 bureau of economic analysis. The current year's Selling General Administrative is expected to grow to about 6.8 M. The current year's Issuance Of Capital Stock is expected to grow to about 5.1 M
Contango Holdings fundamental ratios Correlations
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Contango Holdings Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Contango Holdings fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 413.6K | 10.4M | 13.4M | 16.5M | 19.0M | 19.9M | |
Other Current Liab | 206.2K | 100.7K | 328.4K | 143.9K | 165.5K | 146.7K | |
Total Current Liabilities | 435.2K | 281.7K | 1.8M | 2.3M | 2.7M | 2.8M | |
Total Stockholder Equity | (21.6K) | 8.6M | 10.2M | 12.2M | 14.0M | 14.7M | |
Net Debt | (10.4K) | (22.1K) | 721.2K | 976.5K | 1.1M | 1.2M | |
Cash | 10.4K | 22.1K | 610.5K | 75.7K | 68.1K | 64.7K | |
Cash And Short Term Investments | 10.4K | 22.1K | 610.5K | 75.7K | 68.1K | 64.7K | |
Liabilities And Stockholders Equity | 413.6K | 10.4M | 13.4M | 16.5M | 19.0M | 19.9M | |
Other Current Assets | 403.2K | 135.7K | 52.2K | 216.9K | 249.4K | 261.9K | |
Total Liab | 435.2K | 281.7K | 1.8M | 2.3M | 2.7M | 2.8M | |
Total Current Assets | 413.6K | 157.8K | 662.8K | 292.6K | 336.5K | 401.9K | |
Retained Earnings | (904.9K) | (4.2M) | (7.0M) | (12.2M) | (11.0M) | (10.4M) | |
Accounts Payable | 229.0K | 181.0K | 175.3K | 1.1M | 1.3M | 1.4M | |
Non Current Assets Total | 10.8K | 10.2M | 12.7M | 16.2M | 18.6M | 19.6M | |
Other Stockholder Equity | 453.9K | 8.3M | 14.2M | 19.8M | 22.8M | 23.9M | |
Net Invested Capital | (21.6K) | 8.6M | 11.6M | 13.3M | 15.2M | 16.0M | |
Net Working Capital | (21.6K) | (123.8K) | (1.2M) | (2.0M) | (1.8M) | (1.7M) | |
Non Currrent Assets Other | 10.8K | 62.3K | (10.1M) | 40.1K | 36.1K | 37.9K |
Also Currently Popular
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.Other Information on Investing in Contango Stock
Balance Sheet is a snapshot of the financial position of Contango Holdings PLC at a specified time, usually calculated after every quarter, six months, or one year. Contango Holdings Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Contango Holdings 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 Contango currently owns. An asset can also be divided into two categories, current and non-current.