Kelt Total Revenue vs Total Current Assets Analysis

KEL Stock

CAD 6.59 0.12 1.79%

Kelt Exploration financial indicator trend analysis is infinitely more than just investigating Kelt Exploration recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Kelt Exploration is a good investment. Please check the relationship between Kelt Exploration Total Revenue and its Total Current Assets accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kelt Exploration. 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 Revenue vs Total Current Assets

Total Revenue vs Total Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Kelt Exploration Total Revenue account and Total Current Assets. At this time, the significance of the direction appears to have strong relationship.

The correlation between Kelt Exploration's Total Revenue and Total Current Assets is 0.62. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Kelt Exploration, assuming nothing else is changed. The correlation between historical values of Kelt Exploration's Total Revenue and Total Current 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 Total Revenue of Kelt Exploration are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Total Revenue i.e., Kelt Exploration's Total Revenue and Total Current Assets go up and down completely randomly.

Correlation Coefficient

0.62

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Total Revenue

Total revenue comprises all receipts Kelt Exploration generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Most indicators from Kelt Exploration's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Kelt Exploration 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kelt Exploration. 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 25th of February 2025, Tax Provision is likely to grow to about 34.4 M, while Selling General Administrative is likely to drop about 11.3 M.

	2022	2023	2024	2025 (projected)
Total Operating Expenses	64.7M	18.2M	21.0M	19.9M
Cost Of Revenue	304.8M	294.9M	339.1M	266.3M

Total Operating Expenses Cost Of Revenue

Kelt Exploration fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Retained Earnings	Accounts Payable	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Net Receivables	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Total Current Assets	Other Liab	Net Tangible Assets	Net Debt	Cash	Cash And Short Term Investments	Common Stock Total Equity	Non Current Liabilities Total	Inventory	Other Current Assets	Property Plant And Equipment Gross	Common Stock
Total Assets		-0.52	-0.1	0.97	1.0	-0.41	0.87	1.0	0.5	0.3	0.79	0.89	0.18	0.84	0.62	0.93	0.96	0.66	-0.78	-0.78	0.88	0.78	0.04	-0.05	0.81	0.88
Other Current Liab	-0.52		0.28	-0.61	-0.49	0.41	-0.63	-0.5	-0.09	-0.02	-0.6	-0.61	0.2	-0.21	-0.54	-0.34	-0.44	-0.04	0.32	0.32	-0.52	-0.14	0.4	0.18	-0.52	-0.53
Total Current Liabilities	-0.1	0.28		-0.13	-0.06	0.49	0.09	-0.07	-0.29	-0.31	0.12	-0.15	-0.4	-0.01	-0.39	-0.09	0.05	-0.1	-0.05	-0.05	-0.15	-0.1	-0.38	-0.28	0.22	-0.13
Total Stockholder Equity	0.97	-0.61	-0.13		0.96	-0.48	0.9	0.96	0.34	0.23	0.86	0.95	0.02	0.67	0.71	0.83	0.96	0.46	-0.75	-0.75	0.92	0.59	-0.01	-0.05	0.88	0.92
Property Plant And Equipment Net	1.0	-0.49	-0.06	0.96		-0.39	0.87	1.0	0.51	0.3	0.77	0.88	0.18	0.86	0.57	0.94	0.95	0.68	-0.78	-0.78	0.87	0.79	0.04	-0.09	0.81	0.86
Retained Earnings	-0.41	0.41	0.49	-0.48	-0.39		-0.27	-0.4	0.1	0.02	-0.43	-0.7	-0.07	-0.18	-0.42	-0.37	-0.43	-0.12	0.27	0.27	-0.73	-0.2	0.14	0.03	-0.35	-0.71
Accounts Payable	0.87	-0.63	0.09	0.9	0.87	-0.27		0.87	0.39	0.21	0.84	0.81	-0.08	0.6	0.54	0.75	0.83	0.38	-0.81	-0.81	0.74	0.5	-0.21	-0.21	0.8	0.74
Non Current Assets Total	1.0	-0.5	-0.07	0.96	1.0	-0.4	0.87		0.51	0.3	0.77	0.88	0.19	0.86	0.57	0.94	0.95	0.67	-0.78	-0.78	0.87	0.79	0.03	-0.09	0.81	0.87
Non Currrent Assets Other	0.5	-0.09	-0.29	0.34	0.51	0.1	0.39	0.51		0.56	0.06	0.14	0.68	0.73	0.15	0.61	0.27	0.82	-0.43	-0.43	0.12	0.78	0.29	0.05	-0.01	0.09
Other Assets	0.3	-0.02	-0.31	0.23	0.3	0.02	0.21	0.3	0.56		-0.06	0.12	0.45	0.4	0.2	0.47	0.17	0.44	-0.48	-0.48	0.1	0.44	0.69	0.36	-0.07	0.07
Net Receivables	0.79	-0.6	0.12	0.86	0.77	-0.43	0.84	0.77	0.06	-0.06		0.86	-0.29	0.45	0.68	0.61	0.87	0.24	-0.72	-0.72	0.82	0.36	-0.25	-0.06	0.9	0.83
Common Stock Shares Outstanding	0.89	-0.61	-0.15	0.95	0.88	-0.7	0.81	0.88	0.14	0.12	0.86		-0.03	0.57	0.69	0.76	0.92	0.35	-0.68	-0.68	0.99	0.5	-0.12	-0.05	0.86	0.99
Other Stockholder Equity	0.18	0.2	-0.4	0.02	0.18	-0.07	-0.08	0.19	0.68	0.45	-0.29	-0.03		0.47	0.01	0.37	-0.01	0.6	0.07	0.07	0.0	0.56	0.27	0.16	-0.34	-0.03
Total Liab	0.84	-0.21	-0.01	0.67	0.86	-0.18	0.6	0.86	0.73	0.4	0.45	0.57	0.47		0.3	0.94	0.74	0.93	-0.67	-0.67	0.6	0.98	0.14	-0.04	0.48	0.58
Total Current Assets	0.62	-0.54	-0.39	0.71	0.57	-0.42	0.54	0.57	0.15	0.2	0.68	0.69	0.01	0.3		0.44	0.63	0.17	-0.49	-0.49	0.64	0.26	0.15	0.57	0.57	0.65
Other Liab	0.93	-0.34	-0.09	0.83	0.94	-0.37	0.75	0.94	0.61	0.47	0.61	0.76	0.37	0.94	0.44		0.86	0.79	-0.8	-0.8	0.77	0.9	0.15	-0.04	0.61	0.76
Net Tangible Assets	0.96	-0.44	0.05	0.96	0.95	-0.43	0.83	0.95	0.27	0.17	0.87	0.92	-0.01	0.74	0.63	0.86		0.52	-0.77	-0.77	0.92	0.65	0.02	-0.03	0.91	0.93
Net Debt	0.66	-0.04	-0.1	0.46	0.68	-0.12	0.38	0.67	0.82	0.44	0.24	0.35	0.6	0.93	0.17	0.79	0.52		-0.53	-0.53	0.39	0.97	0.26	0.04	0.23	0.36
Cash	-0.78	0.32	-0.05	-0.75	-0.78	0.27	-0.81	-0.78	-0.43	-0.48	-0.72	-0.68	0.07	-0.67	-0.49	-0.8	-0.77	-0.53		1.0	-0.65	-0.61	-0.19	-0.09	-0.63	-0.65
Cash And Short Term Investments	-0.78	0.32	-0.05	-0.75	-0.78	0.27	-0.81	-0.78	-0.43	-0.48	-0.72	-0.68	0.07	-0.67	-0.49	-0.8	-0.77	-0.53	1.0		-0.65	-0.61	-0.19	-0.09	-0.63	-0.65
Common Stock Total Equity	0.88	-0.52	-0.15	0.92	0.87	-0.73	0.74	0.87	0.12	0.1	0.82	0.99	0.0	0.6	0.64	0.77	0.92	0.39	-0.65	-0.65		0.53	-0.06	-0.05	0.85	1.0
Non Current Liabilities Total	0.78	-0.14	-0.1	0.59	0.79	-0.2	0.5	0.79	0.78	0.44	0.36	0.5	0.56	0.98	0.26	0.9	0.65	0.97	-0.61	-0.61	0.53		0.22	0.0	0.37	0.51
Inventory	0.04	0.4	-0.38	-0.01	0.04	0.14	-0.21	0.03	0.29	0.69	-0.25	-0.12	0.27	0.14	0.15	0.15	0.02	0.26	-0.19	-0.19	-0.06	0.22		0.57	-0.17	-0.08
Other Current Assets	-0.05	0.18	-0.28	-0.05	-0.09	0.03	-0.21	-0.09	0.05	0.36	-0.06	-0.05	0.16	-0.04	0.57	-0.04	-0.03	0.04	-0.09	-0.09	-0.05	0.0	0.57		-0.14	-0.06
Property Plant And Equipment Gross	0.81	-0.52	0.22	0.88	0.81	-0.35	0.8	0.81	-0.01	-0.07	0.9	0.86	-0.34	0.48	0.57	0.61	0.91	0.23	-0.63	-0.63	0.85	0.37	-0.17	-0.14		0.86
Common Stock	0.88	-0.53	-0.13	0.92	0.86	-0.71	0.74	0.87	0.09	0.07	0.83	0.99	-0.03	0.58	0.65	0.76	0.93	0.36	-0.65	-0.65	1.0	0.51	-0.08	-0.06	0.86

Click cells to compare fundamentals

Kelt Exploration Account Relationship Matchups

Kelt Exploration fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	760.0M	913.5M	1.1B	1.3B	1.4B	1.1B
Other Current Liab	3.4M	3.5M	3.6M	4.9M	4.5M	4.2M
Total Current Liabilities	40.6M	76.6M	87.4M	91.2M	104.9M	84.6M
Total Stockholder Equity	603.7M	722.7M	901.4M	1.0B	1.2B	787.9M
Property Plant And Equipment Net	661.2M	852.3M	1.0B	1.2B	1.4B	1.1B
Retained Earnings	(518.8M)	(404.5M)	(245.8M)	(159.8M)	(143.8M)	(151.0M)
Accounts Payable	36.6M	72.5M	83.3M	85.2M	97.9M	72.8M
Non Current Assets Total	693.1M	862.8M	1.0B	1.2B	1.4B	1.1B
Non Currrent Assets Other	1.4B	1.5B	2.4M	570K	513K	487.4K
Net Receivables	19.8M	42.6M	76.5M	50.2M	57.7M	38.2M
Common Stock Shares Outstanding	188.1M	190.8M	195.5M	197.1M	226.6M	174.2M
Other Stockholder Equity	38.6M	(34.7M)	(15.5M)	(12.0M)	(10.8M)	(10.3M)
Total Liab	156.3M	190.8M	226.7M	256.6M	295.1M	348.3M
Total Current Assets	66.9M	50.7M	111.6M	76.1M	87.6M	68.0M
Other Liab	214.4M	114.9M	112.7M	127.4M	146.6M	164.2M
Net Tangible Assets	923.1M	603.7M	722.7M	901.4M	1.0B	833.2M
Net Debt	(30.1M)	1.4M	12.2M	(12.9M)	(11.6M)	(11.0M)
Cash	31.6M	719K	125K	14.3M	12.9M	7.3M
Cash And Short Term Investments	31.6M	719K	125K	14.3M	12.9M	7.3M
Liabilities And Stockholders Equity	760.0M	913.5M	1.1B	1.3B	1.4B	1.2B
Non Current Liabilities Total	115.7M	114.2M	139.3M	165.4M	148.8M	209.3M
Inventory	189K	2.8M	5.3M	2.4M	2.2M	2.1M
Other Current Assets	15.6M	7.4M	34.9M	9.2M	8.3M	16.2M
Property Plant And Equipment Gross	661.2M	1.5B	1.8B	2.1B	2.4B	1.4B
Common Stock	1.1B	1.1B	1.2B	1.2B	1.4B	1.1B
Property Plant Equipment	1.5B	661.2M	852.3M	1.0B	1.2B	1.1B
Short Long Term Debt Total	1.5M	2.2M	12.3M	1.5M	1.3M	1.2M
Long Term Debt	382.8M	0.0	1.2M	11.3M	10.2M	9.7M
Short Term Debt	684K	609K	505K	1.1M	1.0M	961.9K
Long Term Debt Total	384.4M	780K	1.5M	11.8M	10.7M	10.1M
Capital Surpluse	24.7M	38.6M	(17.3M)	(15.5M)	(13.9M)	(13.2M)
Cash And Equivalents	8.4M	31.6M	719K	125K	143.8K	136.6K
Net Invested Capital	603.7M	723.9M	912.7M	1.0B	903.3M	766.0M
Net Working Capital	26.3M	(25.8M)	24.2M	(15.1M)	(17.4M)	(18.2M)
Capital Stock	1.1B	1.1B	1.2B	1.2B	1.4B	1.3B
Current Deferred Revenue	(36.6M)	(72.5M)	(83.3M)	1.0	1.15	1.21

Pair Trading with Kelt Exploration

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

Moving together with Kelt Stock

0.64

ENS

E Split Corp

Pair Corr

Moving against Kelt Stock

0.39	NBLC	Nobel29 Resources Corp	Pair Corr
0.31	NZP	Chatham Rock Phosphate	Pair Corr

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

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

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

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Kelt Total Revenue vs Total Current Assets Analysis

Total Revenue vs Total Current Assets

Total Revenue vs Total Current Assets Correlation Analysis

Correlation Coefficient

Total Revenue

Total Current Assets

Kelt Exploration fundamental ratios Correlations

Kelt Exploration Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Kelt Exploration fundamental ratios Accounts

Pair Trading with Kelt Exploration

Moving together with Kelt Stock

Moving against Kelt Stock

Other Information on Investing in Kelt Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

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

Cash And Short Term Investments	- 0.81	Accounts Payable
Cash	- 0.81	Accounts Payable
Cash And Short Term Investments	- 0.8	Other Liab
Cash	- 0.8	Other Liab
Cash And Short Term Investments	- 0.78	Non Current Assets Total
Cash	- 0.78	Non Current Assets Total