Contango Net Debt vs Retained Earnings Analysis

CTGO Stock

USD 18.73 0.49 2.55%

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

To learn how to invest in Contango Stock, please use our How to Invest in Contango ORE guide.

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 Contango ORE Net Debt account and Retained Earnings. At this time, the significance of the direction appears to have no relationship.

The correlation between Contango ORE's Net Debt and Retained Earnings is 0.07. 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 Contango ORE, assuming nothing else is changed. The correlation between historical values of Contango ORE'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 Contango ORE 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., Contango ORE's Net Debt and Retained Earnings go up and down completely randomly.

Correlation Coefficient

0.07

Relationship Direction	Positive
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 Contango ORE's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Contango ORE 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 ORE. 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.

To learn how to invest in Contango Stock, please use our How to Invest in Contango ORE guide.At this time, Contango ORE's Selling General Administrative is very stable compared to the past year. Tax Provision is expected to grow at the current pace this year, while Enterprise Value Over EBITDA is likely to drop (2.68).

Contango ORE fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Non Current Assets Total	Common Stock Shares Outstanding	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Property Plant Equipment	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Tangible Assets	Net Receivables	Common Stock Total Equity	Retained Earnings Total Equity	Capital Surpluse	Net Invested Capital
Total Assets		0.85	0.85	-0.23	0.87	0.89	0.61	0.96	0.9	0.9	0.65	-0.19	0.96	0.51	0.27	-0.01	0.64	0.04	-0.26	0.64	-0.47	0.37	0.45	-0.51	0.47	0.56
Other Current Liab	0.85		0.98	-0.68	0.83	0.98	0.51	0.94	0.86	0.98	0.17	-0.13	0.75	0.84	0.2	-0.1	0.17	0.13	-0.27	0.17	-0.38	0.31	0.36	-0.4	0.37	0.44
Total Current Liabilities	0.85	0.98		-0.67	0.82	0.98	0.42	0.92	0.82	0.98	0.18	-0.11	0.73	0.84	0.12	0.03	0.17	0.22	-0.14	0.17	-0.45	0.21	0.26	-0.29	0.27	0.36
Total Stockholder Equity	-0.23	-0.68	-0.67		-0.48	-0.64	-0.05	-0.44	-0.33	-0.63	0.58	-0.06	-0.1	-0.95	0.03	0.07	0.59	-0.43	0.08	0.59	0.31	-0.02	0.02	-0.05	0.04	0.1
Property Plant And Equipment Net	0.87	0.83	0.82	-0.48		0.91	0.49	0.9	0.76	0.9	0.36	-0.11	0.84	0.71	0.18	0.06	0.35	0.3	-0.21	0.35	-0.59	0.26	0.32	-0.37	0.33	0.39
Non Current Assets Total	0.89	0.98	0.98	-0.64	0.91		0.48	0.96	0.85	1.0	0.24	-0.11	0.8	0.84	0.19	-0.03	0.23	0.25	-0.22	0.23	-0.53	0.27	0.32	-0.36	0.33	0.38
Common Stock Shares Outstanding	0.61	0.51	0.42	-0.05	0.49	0.48		0.56	0.81	0.5	0.54	-0.39	0.57	0.23	0.64	-0.47	0.51	-0.4	-0.69	0.51	0.01	0.82	0.89	-0.86	0.9	0.66
Other Current Assets	0.96	0.94	0.92	-0.44	0.9	0.96	0.56		0.88	0.97	0.45	-0.17	0.92	0.68	0.22	-0.08	0.45	0.13	-0.3	0.45	-0.5	0.35	0.42	-0.46	0.43	0.5
Other Stockholder Equity	0.9	0.86	0.82	-0.33	0.76	0.85	0.81	0.88		0.86	0.5	-0.32	0.81	0.56	0.52	-0.29	0.48	-0.16	-0.53	0.48	-0.25	0.64	0.7	-0.75	0.71	0.63
Total Liab	0.9	0.98	0.98	-0.63	0.9	1.0	0.5	0.97	0.86		0.25	-0.12	0.81	0.83	0.2	-0.04	0.25	0.23	-0.24	0.25	-0.51	0.3	0.35	-0.38	0.35	0.4
Total Current Assets	0.65	0.17	0.18	0.58	0.36	0.24	0.54	0.45	0.5	0.25		-0.21	0.71	-0.32	0.26	0.04	1.0	-0.31	-0.17	1.0	-0.13	0.35	0.45	-0.49	0.47	0.56
Common Stock	-0.19	-0.13	-0.11	-0.06	-0.11	-0.11	-0.39	-0.17	-0.32	-0.12	-0.21		-0.13	0.01	-0.33	0.04	-0.22	0.13	0.52	-0.22	-0.02	-0.38	-0.36	0.36	-0.36	-0.19
Property Plant Equipment	0.96	0.75	0.73	-0.1	0.84	0.8	0.57	0.92	0.81	0.81	0.71	-0.13		0.39	0.23	-0.04	0.71	-0.02	-0.27	0.71	-0.42	0.36	0.44	-0.5	0.45	0.64
Net Debt	0.51	0.84	0.84	-0.95	0.71	0.84	0.23	0.68	0.56	0.83	-0.32	0.01	0.39		0.07	-0.07	-0.33	0.43	-0.16	-0.33	-0.45	0.13	0.12	-0.12	0.11	0.07
Retained Earnings	0.27	0.2	0.12	0.03	0.18	0.19	0.64	0.22	0.52	0.2	0.26	-0.33	0.23	0.07		-0.61	0.24	-0.23	-0.71	0.24	0.04	0.65	0.63	-0.62	0.62	0.34
Accounts Payable	-0.01	-0.1	0.03	0.07	0.06	-0.03	-0.47	-0.08	-0.29	-0.04	0.04	0.04	-0.04	-0.07	-0.61		0.04	0.32	0.84	0.04	-0.18	-0.65	-0.61	0.58	-0.59	-0.27
Cash	0.64	0.17	0.17	0.59	0.35	0.23	0.51	0.45	0.48	0.25	1.0	-0.22	0.71	-0.33	0.24	0.04		-0.31	-0.16	1.0	-0.13	0.32	0.43	-0.47	0.45	0.56
Non Currrent Assets Other	0.04	0.13	0.22	-0.43	0.3	0.25	-0.4	0.13	-0.16	0.23	-0.31	0.13	-0.02	0.43	-0.23	0.32	-0.31		0.28	-0.31	-0.58	-0.36	-0.43	0.51	-0.45	-0.48
Other Assets	-0.26	-0.27	-0.14	0.08	-0.21	-0.22	-0.69	-0.3	-0.53	-0.24	-0.17	0.52	-0.27	-0.16	-0.71	0.84	-0.16	0.28		-0.16	-0.05	-0.78	-0.76	0.75	-0.75	-0.41
Cash And Short Term Investments	0.64	0.17	0.17	0.59	0.35	0.23	0.51	0.45	0.48	0.25	1.0	-0.22	0.71	-0.33	0.24	0.04	1.0	-0.31	-0.16		-0.13	0.32	0.43	-0.47	0.45	0.56
Net Tangible Assets	-0.47	-0.38	-0.45	0.31	-0.59	-0.53	0.01	-0.5	-0.25	-0.51	-0.13	-0.02	-0.42	-0.45	0.04	-0.18	-0.13	-0.58	-0.05	-0.13		0.1	0.14	-0.13	0.14	0.41
Net Receivables	0.37	0.31	0.21	-0.02	0.26	0.27	0.82	0.35	0.64	0.3	0.35	-0.38	0.36	0.13	0.65	-0.65	0.32	-0.36	-0.78	0.32	0.1		0.97	-0.94	0.96	0.52
Common Stock Total Equity	0.45	0.36	0.26	0.02	0.32	0.32	0.89	0.42	0.7	0.35	0.45	-0.36	0.44	0.12	0.63	-0.61	0.43	-0.43	-0.76	0.43	0.14	0.97		-0.97	1.0	0.61
Retained Earnings Total Equity	-0.51	-0.4	-0.29	-0.05	-0.37	-0.36	-0.86	-0.46	-0.75	-0.38	-0.49	0.36	-0.5	-0.12	-0.62	0.58	-0.47	0.51	0.75	-0.47	-0.13	-0.94	-0.97		-0.98	-0.65
Capital Surpluse	0.47	0.37	0.27	0.04	0.33	0.33	0.9	0.43	0.71	0.35	0.47	-0.36	0.45	0.11	0.62	-0.59	0.45	-0.45	-0.75	0.45	0.14	0.96	1.0	-0.98		0.63
Net Invested Capital	0.56	0.44	0.36	0.1	0.39	0.38	0.66	0.5	0.63	0.4	0.56	-0.19	0.64	0.07	0.34	-0.27	0.56	-0.48	-0.41	0.56	0.41	0.52	0.61	-0.65	0.63

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Contango ORE Account Relationship Matchups

Contango ORE fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	8.8M	3.1M	36.0M	37.3M	58.6M	61.5M
Other Current Liab	347.9K	1.0M	195.8K	871.0K	4.9M	5.2M
Total Current Liabilities	419.3K	1.1M	222.1K	1.5M	13.1M	13.7M
Total Stockholder Equity	8.3M	2.0M	34.5M	13.3M	(14.5M)	(13.8M)
Common Stock Shares Outstanding	6.3M	6.5M	6.3M	6.7M	9.2M	5.0M
Liabilities And Stockholders Equity	8.8M	3.1M	36.0M	37.3M	58.6M	61.5M
Other Current Assets	161.2K	72.2K	515.6K	684.4K	1.3M	1.4M
Other Stockholder Equity	57.9M	60.8M	69.5M	71.7M	124.4M	130.6M
Total Liab	419.3K	1.1M	1.4M	24.0M	73.1M	76.8M
Total Current Assets	8.8M	3.1M	35.9M	23.8M	16.9M	10.7M
Common Stock	63.6K	65.9K	66.8K	68.6K	94.5K	89.8K
Net Debt	(8.6M)	(3.0M)	(35.2M)	(3.9M)	29.2M	30.6M
Retained Earnings	(49.7M)	(58.9M)	(35.0M)	(58.5M)	(139.0M)	(146.0M)
Accounts Payable	71.4K	83.2K	26.3K	633.9K	250.7K	318.2K
Cash	8.6M	3.0M	35.2M	23.1M	15.5M	11.2M
Cash And Short Term Investments	8.6M	3.0M	35.2M	23.1M	15.5M	11.2M
Net Tangible Assets	2.0M	34.5M	13.3M	(4.8M)	(5.5M)	(5.2M)
Net Invested Capital	2.0M	34.5M	32.5M	20.7M	23.8M	20.7M
Net Working Capital	2.0M	35.7M	22.3M	10.0M	11.5M	16.7M
Capital Stock	65.9K	66.8K	68.6K	77.8K	89.5K	76.0K

Pair Trading with Contango ORE

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

Moving together with Contango Stock

0.76

AngloGold Ashanti plc

Pair Corr

Moving against Contango Stock

0.36

ArcelorMittal SA ADR

Pair Corr

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

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

When determining whether Contango ORE offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Contango ORE's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Contango Ore Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Contango Ore Stock:

How To Invest In Contango

Details

Is Contango Stock a good investment?

Details

What is Contango ORE's Net Worth?

Details

Largest Diversified Metals & Mining Companies

View

Largest Materials Companies

View

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Contango ORE. 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.

To learn how to invest in Contango Stock, please use our How to Invest in Contango ORE guide.

You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.

Is Diversified Metals & Mining 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 Contango ORE. If investors know Contango 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 Contango ORE listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Earnings Share

(7.04)

Return On Assets

(0.21)

Return On Equity

(5.05)

The market value of Contango ORE is measured differently than its book value, which is the value of Contango that is recorded on the company's balance sheet. Investors also form their own opinion of Contango ORE's value that differs from its market value or its book value, called intrinsic value, which is Contango ORE'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 Contango ORE's market value can be influenced by many factors that don't directly affect Contango ORE'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 Contango ORE's value and its price as these two are different measures arrived at by different means. Investors typically determine if Contango ORE is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Contango ORE'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.

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Contango Net Debt vs Retained Earnings Analysis

Net Debt vs Retained Earnings

Net Debt vs Retained Earnings Correlation Analysis

Correlation Coefficient

Net Debt

Retained Earnings

Contango ORE fundamental ratios Correlations

Contango ORE Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Contango ORE fundamental ratios Accounts

Pair Trading with Contango ORE

Moving together with Contango Stock

Moving against Contango Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 1.0	Non Current Assets Total
Cash	+ 1.0	Total Current Assets
Cash And Short Term Investments	+ 1.0	Total Current Assets
Cash And Short Term Investments	+ 1.0	Cash
Capital Surpluse	+ 1.0	Common Stock Total Equity
Total Current Liabilities	+ 0.98	Other Current Liab

Capital Surpluse	- 0.98	Retained Earnings Total Equity
Retained Earnings Total Equity	- 0.97	Common Stock Total Equity
Net Debt	- 0.95	Total Stockholder Equity
Retained Earnings Total Equity	- 0.94	Net Receivables
Retained Earnings Total Equity	- 0.86	Common Stock Shares Outstanding
Net Receivables	- 0.78	Other Assets