Condor Net Debt vs Retained Earnings Analysis

COG Stock

CAD 0.40 0.01 2.44%

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

Net Debt vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Condor Gold Plc Net Debt account and Retained Earnings. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Condor Gold's Net Debt and Retained Earnings is -0.11. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Condor Gold Plc, assuming nothing else is changed. The correlation between historical values of Condor Gold's Net Debt and Retained Earnings 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 Condor Gold Plc are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Net Debt i.e., Condor Gold's Net Debt and Retained Earnings go up and down completely randomly.

Correlation Coefficient

-0.11

Relationship Direction	Negative
Relationship Strength	Insignificant

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.

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Most indicators from Condor Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Condor Gold 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 Condor Gold 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 27th of November 2024, Selling General Administrative is likely to grow to about 2.3 M, while Issuance Of Capital Stock is likely to drop about 2.8 M.

Condor Gold 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	Cash And Short Term Investments	Common Stock Total Equity	Common Stock Shares Outstanding	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Intangible Assets	Common Stock	Non Current Liabilities Total	Short Term Investments	Short Term Debt	Net Tangible Assets	Net Receivables	Property Plant Equipment
Total Assets		-0.41	-0.35	1.0	-0.29	-0.11	-0.87	0.1	0.11	-0.18	0.12	0.94	0.98	0.82	0.96	-0.38	0.07	0.83	-0.54	0.33	0.06	-0.61	-0.61	0.86	-0.32	0.93
Other Current Liab	-0.41		0.75	-0.42	0.82	-0.11	0.34	-0.5	0.11	0.23	0.1	-0.54	-0.55	-0.44	-0.42	0.77	-0.23	-0.43	0.77	-0.06	-0.05	0.44	0.44	-0.48	0.48	-0.56
Total Current Liabilities	-0.35	0.75		-0.36	0.47	-0.13	0.19	0.19	0.13	0.23	0.12	-0.36	-0.42	-0.39	-0.35	0.98	-0.04	-0.38	0.5	0.12	0.02	0.45	0.45	-0.44	0.26	-0.54
Total Stockholder Equity	1.0	-0.42	-0.36		-0.29	-0.11	-0.87	0.1	0.11	-0.18	0.12	0.94	0.98	0.82	0.96	-0.39	0.07	0.83	-0.55	0.33	0.06	-0.62	-0.62	0.86	-0.32	0.93
Property Plant And Equipment Net	-0.29	0.82	0.47	-0.29		-0.07	0.23	-0.6	0.07	0.32	0.07	-0.4	-0.42	-0.4	-0.33	0.48	-0.1	-0.39	0.72	-0.07	-0.17	0.31	0.31	-0.4	0.38	-0.38
Net Debt	-0.11	-0.11	-0.13	-0.11	-0.07		-0.11	-0.02	-1.0	-0.01	-1.0	-0.09	-0.04	0.0	0.01	-0.14	0.32	-0.08	0.15	-0.13	0.06	-0.03	-0.03	-0.07	-0.16	-0.08
Retained Earnings	-0.87	0.34	0.19	-0.87	0.23	-0.11		-0.2	0.11	-0.13	0.1	-0.92	-0.88	-0.56	-0.83	0.24	-0.35	-0.55	0.42	-0.47	0.1	0.41	0.41	-0.58	0.62	-0.69
Accounts Payable	0.1	-0.5	0.19	0.1	-0.6	-0.02	-0.2		0.02	-0.05	0.02	0.27	0.22	0.1	0.11	0.14	0.28	0.1	-0.48	0.22	0.1	-0.01	-0.01	0.1	-0.34	0.08
Cash	0.11	0.11	0.13	0.11	0.07	-1.0	0.11	0.02		0.01	1.0	0.09	0.04	0.01	0.0	0.14	-0.32	0.08	-0.16	0.13	-0.07	0.03	0.03	0.07	0.16	0.09
Non Current Assets Total	-0.18	0.23	0.23	-0.18	0.32	-0.01	-0.13	-0.05	0.01		0.0	-0.03	-0.16	-0.7	-0.39	0.19	0.74	-0.7	0.13	0.53	-0.2	0.52	0.52	-0.65	-0.58	-0.3
Cash And Short Term Investments	0.12	0.1	0.12	0.12	0.07	-1.0	0.1	0.02	1.0	0.0		0.1	0.05	0.02	0.01	0.13	-0.32	0.09	-0.16	0.12	-0.07	0.01	0.01	0.08	0.16	0.09
Common Stock Total Equity	0.94	-0.54	-0.36	0.94	-0.4	-0.09	-0.92	0.27	0.09	-0.03	0.1		0.98	0.69	0.88	-0.39	0.2	0.7	-0.65	0.38	-0.01	-0.58	-0.58	0.75	-0.55	0.87
Common Stock Shares Outstanding	0.98	-0.55	-0.42	0.98	-0.42	-0.04	-0.88	0.22	0.04	-0.16	0.05	0.98		0.8	0.93	-0.45	0.14	0.8	-0.65	0.36	0.11	-0.61	-0.61	0.84	-0.42	0.94
Other Current Assets	0.82	-0.44	-0.39	0.82	-0.4	0.0	-0.56	0.1	0.01	-0.7	0.02	0.69	0.8		0.92	-0.39	-0.35	1.0	-0.46	-0.07	0.17	-0.75	-0.75	0.99	0.09	0.84
Other Stockholder Equity	0.96	-0.42	-0.35	0.96	-0.33	0.01	-0.83	0.11	0.0	-0.39	0.01	0.88	0.93	0.92		-0.38	-0.06	0.92	-0.47	0.17	0.05	-0.69	-0.69	0.93	-0.22	0.89
Total Liab	-0.38	0.77	0.98	-0.39	0.48	-0.14	0.24	0.14	0.14	0.19	0.13	-0.39	-0.45	-0.39	-0.38		-0.07	-0.38	0.49	0.08	0.11	0.44	0.44	-0.44	0.3	-0.54
Property Plant And Equipment Gross	0.07	-0.23	-0.04	0.07	-0.1	0.32	-0.35	0.28	-0.32	0.74	-0.32	0.2	0.14	-0.35	-0.06	-0.07		-0.37	-0.16	0.51	-0.07	0.26	0.26	-0.31	-0.75	0.01
Total Current Assets	0.83	-0.43	-0.38	0.83	-0.39	-0.08	-0.55	0.1	0.08	-0.7	0.09	0.7	0.8	1.0	0.92	-0.38	-0.37		-0.47	-0.06	0.16	-0.74	-0.74	0.99	0.1	0.85
Intangible Assets	-0.54	0.77	0.5	-0.55	0.72	0.15	0.42	-0.48	-0.16	0.13	-0.16	-0.65	-0.65	-0.46	-0.47	0.49	-0.16	-0.47		-0.3	-0.22	0.34	0.34	-0.51	0.4	-0.62
Common Stock	0.33	-0.06	0.12	0.33	-0.07	-0.13	-0.47	0.22	0.13	0.53	0.12	0.38	0.36	-0.07	0.17	0.08	0.51	-0.06	-0.3		0.39	0.45	0.45	-0.07	-0.39	0.2
Non Current Liabilities Total	0.06	-0.05	0.02	0.06	-0.17	0.06	0.1	0.1	-0.07	-0.2	-0.07	-0.01	0.11	0.17	0.05	0.11	-0.07	0.16	-0.22	0.39		0.22	0.22	0.14	0.36	0.22
Short Term Investments	-0.61	0.44	0.45	-0.62	0.31	-0.03	0.41	-0.01	0.03	0.52	0.01	-0.58	-0.61	-0.75	-0.69	0.44	0.26	-0.74	0.34	0.45	0.22		1.0	-0.79	0.12	-0.68
Short Term Debt	-0.61	0.44	0.45	-0.62	0.31	-0.03	0.41	-0.01	0.03	0.52	0.01	-0.58	-0.61	-0.75	-0.69	0.44	0.26	-0.74	0.34	0.45	0.22	1.0		-0.79	0.12	-0.68
Net Tangible Assets	0.86	-0.48	-0.44	0.86	-0.4	-0.07	-0.58	0.1	0.07	-0.65	0.08	0.75	0.84	0.99	0.93	-0.44	-0.31	0.99	-0.51	-0.07	0.14	-0.79	-0.79		0.03	0.9
Net Receivables	-0.32	0.48	0.26	-0.32	0.38	-0.16	0.62	-0.34	0.16	-0.58	0.16	-0.55	-0.42	0.09	-0.22	0.3	-0.75	0.1	0.4	-0.39	0.36	0.12	0.12	0.03		-0.2
Property Plant Equipment	0.93	-0.56	-0.54	0.93	-0.38	-0.08	-0.69	0.08	0.09	-0.3	0.09	0.87	0.94	0.84	0.89	-0.54	0.01	0.85	-0.62	0.2	0.22	-0.68	-0.68	0.9	-0.2

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Condor Gold Account Relationship Matchups

Condor Gold fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	24.5M	29.4M	38.4M	46.3M	45.0M	47.2M
Other Current Liab	179.8K	129.6K	111.2K	182.9K	3.0K	2.8K
Total Current Liabilities	757.1K	266.4K	248.2K	406.2K	187.8K	178.5K
Total Stockholder Equity	23.8M	29.2M	38.2M	45.9M	44.8M	47.0M
Property Plant And Equipment Net	271.3K	211.1K	586.0K	3.1M	7.5M	0.0
Net Debt	(2.9M)	(4.2M)	(2.1M)	(2.4M)	(2.0M)	(2.1M)
Retained Earnings	(28.4M)	(29.4M)	(31.2M)	(33.3M)	(34.7M)	(32.9M)
Accounts Payable	562.0K	122.9K	112.1K	196.4K	181.4K	121.4K
Cash	2.9M	4.2M	2.1M	2.4M	2.0M	2.1M
Non Current Assets Total	19.2M	20.9M	21.5M	25.2M	35.6M	0.0
Cash And Short Term Investments	2.9M	4.2M	2.1M	2.4M	2.0M	2.2M
Common Stock Total Equity	12.3M	13.4M	18.9M	23.7M	27.3M	28.7M
Common Stock Shares Outstanding	81.9M	108.5M	136.7M	158.3M	158.8M	166.7M
Liabilities And Stockholders Equity	24.5M	29.4M	38.4M	46.3M	45.0M	47.2M
Other Current Assets	143.3K	114.4K	775.7K	43.9M	43.0M	45.1M
Other Stockholder Equity	33.2M	34.8M	42.5M	79.0M	77.3M	81.2M
Total Liab	757.1K	266.4K	248.2K	406.2K	187.8K	178.5K
Property Plant And Equipment Gross	19.2M	20.9M	21.5M	3.1M	37.3M	0.0
Total Current Assets	3.0M	4.3M	2.8M	46.3M	45.0M	47.2M
Accumulated Other Comprehensive Income	(746.93)	(2.4K)	(2.5K)	750.57	(1.9M)	(1.8M)
Intangible Assets	20.6K	20.9K	22.1K	28.1K	25.3K	24.0K
Common Stock	18.9M	23.7M	29.3M	31.7M	199.9K	189.9K
Net Tangible Assets	2.9M	7.1M	10.1M	45.9M	52.8M	55.4M
Net Receivables	104.7K	73.9K	75.8K	917.0K	575.4K	377.2K
Property Plant Equipment	211.1K	586.0K	3.1M	7.5M	8.6M	9.0M
Capital Surpluse	33.7M	34.0M	37.2M	42.5M	48.9M	37.1M
Net Invested Capital	23.8M	29.2M	38.2M	45.9M	44.8M	35.0M
Net Working Capital	2.3M	4.0M	2.6M	45.9M	44.8M	47.0M
Capital Stock	18.9M	23.7M	29.3M	31.7M	199.9K	189.9K

Pair Trading with Condor Gold

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

Moving against Condor Stock

0.48	AMZN	Amazon CDR	Pair Corr
0.47	BOFA	Bank of America	Pair Corr
0.46	JPM	JPMorgan Chase	Pair Corr
0.45	GS	GOLDMAN SACHS CDR	Pair Corr
0.38	IE	Ivanhoe Energy	Pair Corr

The ability to find closely correlated positions to Condor Gold 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 Gold 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 Gold - 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 Gold Plc to buy it.

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

Balance Sheet is a snapshot of the financial position of Condor Gold Plc at a specified time, usually calculated after every quarter, six months, or one year. Condor Gold Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Condor Gold 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.

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Condor Net Debt vs Retained Earnings Analysis

Net Debt vs Retained Earnings

Net Debt vs Retained Earnings Correlation Analysis

Correlation Coefficient

Net Debt

Retained Earnings

Condor Gold fundamental ratios Correlations

Condor Gold Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Condor Gold fundamental ratios Accounts

Pair Trading with Condor Gold

Moving against Condor Stock

Other Information on Investing in Condor Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Cash And Short Term Investments	+ 1.0	Cash
Total Current Assets	+ 1.0	Other Current Assets
Short Term Debt	+ 1.0	Short Term Investments
Net Tangible Assets	+ 0.99	Other Current Assets
Net Tangible Assets	+ 0.99	Total Current Assets

Cash And Short Term Investments	- 1.0	Net Debt
Cash	- 1.0	Net Debt
Common Stock Total Equity	- 0.92	Retained Earnings
Common Stock Shares Outstanding	- 0.88	Retained Earnings
Retained Earnings	- 0.87	Total Stockholder Equity
Retained Earnings	- 0.87	Total Assets