Kelt Total Stockholder Equity vs Common Stock Analysis

KEL Stock

CAD 6.93 0.15 2.12%

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 Stockholder Equity and its Common Stock 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 Stockholder Equity vs Common Stock

Total Stockholder Equity vs Common Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Kelt Exploration Total Stockholder Equity account and Common Stock. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Kelt Exploration's Total Stockholder Equity and Common Stock is 0.91. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Common Stock 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 Stockholder Equity and Common Stock 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 Stockholder Equity of Kelt Exploration are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Total Stockholder Equity i.e., Kelt Exploration's Total Stockholder Equity and Common Stock go up and down completely randomly.

Correlation Coefficient

0.91

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

Common Stock

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 23rd of November 2024, Tax Provision is likely to grow to about 29.9 M, while Selling General Administrative is likely to drop about 17.3 M.

	2021	2022	2023	2024 (projected)
Cost Of Revenue	194.9M	304.8M	294.9M	266.3M
EBITDA	170.1M	360.2M	252.0M	143.3M

Cost Of Revenue Ebitda

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		-0.28	-0.19	0.97	1.0	-0.44	0.86	1.0	0.59	0.36	0.78	0.89	0.33	0.87	0.6	0.96	0.94	0.73	-0.81	-0.81	0.86	0.84	0.08	0.25	0.82	0.87
Other Current Liab	-0.28		0.29	-0.35	-0.26	-0.03	-0.43	-0.27	-0.23	-0.2	-0.17	-0.23	0.0	-0.09	-0.3	-0.23	-0.2	0.08	0.1	0.1	-0.17	-0.04	0.15	0.04	-0.16	-0.14
Total Current Liabilities	-0.19	0.29		-0.27	-0.16	0.5	-0.01	-0.17	-0.25	-0.28	0.04	-0.29	-0.35	-0.01	-0.49	-0.11	-0.04	-0.05	-0.05	-0.05	-0.25	-0.07	-0.36	-0.32	0.08	-0.26
Total Stockholder Equity	0.97	-0.35	-0.27		0.95	-0.53	0.89	0.96	0.46	0.31	0.84	0.94	0.19	0.72	0.69	0.88	0.94	0.55	-0.8	-0.8	0.91	0.68	0.04	0.27	0.87	0.91
Property Plant And Equipment Net	1.0	-0.26	-0.16	0.95		-0.41	0.86	1.0	0.61	0.36	0.76	0.87	0.34	0.89	0.55	0.97	0.93	0.76	-0.81	-0.81	0.85	0.86	0.07	0.2	0.81	0.85
Retained Earnings	-0.44	-0.03	0.5	-0.53	-0.41		-0.3	-0.42	0.11	0.03	-0.45	-0.76	-0.19	-0.19	-0.44	-0.37	-0.45	-0.11	0.28	0.28	-0.76	-0.19	0.14	-0.15	-0.43	-0.78
Accounts Payable	0.86	-0.43	-0.01	0.89	0.86	-0.3		0.86	0.49	0.28	0.84	0.79	0.07	0.63	0.51	0.79	0.81	0.45	-0.85	-0.85	0.71	0.56	-0.18	0.06	0.79	0.71
Non Current Assets Total	1.0	-0.27	-0.17	0.96	1.0	-0.42	0.86		0.6	0.36	0.76	0.87	0.34	0.89	0.55	0.97	0.93	0.75	-0.81	-0.81	0.85	0.85	0.07	0.2	0.81	0.86
Non Currrent Assets Other	0.59	-0.23	-0.25	0.46	0.61	0.11	0.49	0.6		0.54	0.16	0.24	0.69	0.75	0.21	0.63	0.33	0.82	-0.44	-0.44	0.16	0.78	0.28	0.11	0.12	0.18
Other Assets	0.36	-0.2	-0.28	0.31	0.36	0.03	0.28	0.36	0.54		0.01	0.19	0.45	0.4	0.25	0.47	0.21	0.43	-0.49	-0.49	0.13	0.43	0.69	0.44	0.02	0.14
Net Receivables	0.78	-0.17	0.04	0.84	0.76	-0.45	0.84	0.76	0.16	0.01		0.83	-0.16	0.49	0.65	0.64	0.85	0.32	-0.75	-0.75	0.79	0.42	-0.25	0.18	0.91	0.8
Common Stock Shares Outstanding	0.89	-0.23	-0.29	0.94	0.87	-0.76	0.79	0.87	0.24	0.19	0.83		0.17	0.61	0.67	0.81	0.9	0.44	-0.72	-0.72	0.98	0.57	-0.08	0.26	0.85	0.99
Other Stockholder Equity	0.33	0.0	-0.35	0.19	0.34	-0.19	0.07	0.34	0.69	0.45	-0.16	0.17		0.56	0.06	0.45	0.11	0.68	-0.03	-0.03	0.14	0.64	0.22	0.15	-0.19	0.16
Total Liab	0.87	-0.09	-0.01	0.72	0.89	-0.19	0.63	0.89	0.75	0.4	0.49	0.61	0.56		0.3	0.93	0.74	0.94	-0.67	-0.67	0.6	0.99	0.14	0.16	0.56	0.62
Total Current Assets	0.6	-0.3	-0.49	0.69	0.55	-0.44	0.51	0.55	0.21	0.25	0.65	0.67	0.06	0.3		0.45	0.6	0.21	-0.5	-0.5	0.62	0.29	0.18	0.76	0.54	0.62
Other Liab	0.96	-0.23	-0.11	0.88	0.97	-0.37	0.79	0.97	0.63	0.47	0.64	0.81	0.45	0.93	0.45		0.88	0.8	-0.8	-0.8	0.79	0.9	0.15	0.22	0.71	0.8
Net Tangible Assets	0.94	-0.2	-0.04	0.94	0.93	-0.45	0.81	0.93	0.33	0.21	0.85	0.9	0.11	0.74	0.6	0.88		0.57	-0.78	-0.78	0.92	0.7	0.04	0.27	0.94	0.91
Net Debt	0.73	0.08	-0.05	0.55	0.76	-0.11	0.45	0.75	0.82	0.43	0.32	0.44	0.68	0.94	0.21	0.8	0.57		-0.54	-0.54	0.43	0.97	0.25	0.17	0.38	0.45
Cash	-0.81	0.1	-0.05	-0.8	-0.81	0.28	-0.85	-0.81	-0.44	-0.49	-0.75	-0.72	-0.03	-0.67	-0.5	-0.8	-0.78	-0.54		1.0	-0.66	-0.61	-0.19	-0.32	-0.74	-0.69
Cash And Short Term Investments	-0.81	0.1	-0.05	-0.8	-0.81	0.28	-0.85	-0.81	-0.44	-0.49	-0.75	-0.72	-0.03	-0.67	-0.5	-0.8	-0.78	-0.54	1.0		-0.66	-0.61	-0.19	-0.32	-0.74	-0.69
Common Stock Total Equity	0.86	-0.17	-0.25	0.91	0.85	-0.76	0.71	0.85	0.16	0.13	0.79	0.98	0.14	0.6	0.62	0.79	0.92	0.43	-0.66	-0.66		0.56	-0.05	0.25	0.87	0.99
Non Current Liabilities Total	0.84	-0.04	-0.07	0.68	0.86	-0.19	0.56	0.85	0.78	0.43	0.42	0.57	0.64	0.99	0.29	0.9	0.7	0.97	-0.61	-0.61	0.56		0.21	0.18	0.5	0.58
Inventory	0.08	0.15	-0.36	0.04	0.07	0.14	-0.18	0.07	0.28	0.69	-0.25	-0.08	0.22	0.14	0.18	0.15	0.04	0.25	-0.19	-0.19	-0.05	0.21		0.57	-0.13	-0.04
Other Current Assets	0.25	0.04	-0.32	0.27	0.2	-0.15	0.06	0.2	0.11	0.44	0.18	0.26	0.15	0.16	0.76	0.22	0.27	0.17	-0.32	-0.32	0.25	0.18	0.57		0.15	0.26
Property Plant And Equipment Gross	0.82	-0.16	0.08	0.87	0.81	-0.43	0.79	0.81	0.12	0.02	0.91	0.85	-0.19	0.56	0.54	0.71	0.94	0.38	-0.74	-0.74	0.87	0.5	-0.13	0.15		0.85
Common Stock	0.87	-0.14	-0.26	0.91	0.85	-0.78	0.71	0.86	0.18	0.14	0.8	0.99	0.16	0.62	0.62	0.8	0.91	0.45	-0.69	-0.69	0.99	0.58	-0.04	0.26	0.85

Click cells to compare fundamentals

Kelt Exploration Account Relationship Matchups

Kelt Exploration fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.6B	760.0M	913.5M	1.1B	1.3B	1.1B
Other Current Liab	82.6M	39.9M	76.0M	86.9M	4.9M	4.7M
Total Current Liabilities	83.6M	40.6M	76.6M	87.4M	91.2M	84.6M
Total Stockholder Equity	923.1M	603.7M	722.7M	901.4M	1.0B	787.9M
Property Plant And Equipment Net	1.5B	661.2M	852.3M	1.0B	1.2B	1.1B
Retained Earnings	(194.0M)	(518.8M)	(404.5M)	(245.8M)	(159.8M)	(167.8M)
Accounts Payable	76.1M	36.6M	72.5M	83.3M	85.2M	72.8M
Non Current Assets Total	1.5B	693.1M	862.8M	1.0B	1.2B	1.1B
Non Currrent Assets Other	1.2B	1.4B	1.5B	2.4M	17.2M	16.3M
Net Receivables	44.8M	20.9M	42.6M	79.4M	52.6M	39.8M
Common Stock Shares Outstanding	184.9M	188.1M	190.8M	195.5M	197.1M	174.2M
Other Stockholder Equity	37.6M	38.6M	(17.3M)	(15.5M)	(12.0M)	(11.4M)
Total Liab	682.4M	156.3M	190.8M	226.7M	256.6M	348.3M
Total Current Assets	55.6M	66.9M	50.7M	111.6M	76.1M	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	377.1M	(30.1M)	1.4M	12.2M	(12.9M)	(12.2M)
Cash	8.4M	31.6M	719K	125K	14.3M	7.3M
Cash And Short Term Investments	8.4M	31.6M	719K	125K	14.3M	7.3M
Common Stock Total Equity	1.1B	1.1B	1.1B	1.1B	1.3B	1.1B
Liabilities And Stockholders Equity	1.6B	760.0M	913.5M	1.1B	1.3B	1.2B
Non Current Liabilities Total	598.8M	115.7M	114.2M	139.3M	165.4M	209.3M
Inventory	3.2M	189K	2.8M	5.3M	0.9	0.86
Other Current Assets	2.2M	11.7M	2.1M	32.0M	9.2M	12.6M
Property Plant And Equipment Gross	1.5B	661.2M	1.5B	1.8B	2.1B	1.4B
Common Stock	1.1B	1.1B	1.1B	1.2B	1.2B	1.1B
Property Plant Equipment	1.5B	661.2M	852.3M	1.0B	1.2B	1.1B
Short Long Term Debt Total	385.5M	1.5M	2.2M	12.3M	1.5M	1.4M
Long Term Debt	382.8M	0.0	1.2M	11.3M	10.2M	9.7M
Short Term Debt	1.1M	684K	609K	505K	1.1M	1.1M
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	1.3B	603.7M	723.9M	912.7M	1.0B	766.0M
Net Working Capital	(28.1M)	26.3M	(25.8M)	24.2M	(15.1M)	(15.8M)
Capital Stock	1.1B	1.1B	1.1B	1.2B	1.2B	1.3B

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

0.68	ENB-PFV	Enbridge Pref 5	Pair Corr
0.73	ENS-PA	E Split Corp	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 Stockholder Equity vs Common Stock Analysis

Total Stockholder Equity vs Common Stock

Total Stockholder Equity vs Common Stock Correlation Analysis

Correlation Coefficient

Total Stockholder Equity

Common Stock

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

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	+ 0.99	Common Stock Shares Outstanding
Non Current Liabilities Total	+ 0.99	Total Liab

Cash And Short Term Investments	- 0.85	Accounts Payable
Cash	- 0.85	Accounts Payable
Cash And Short Term Investments	- 0.81	Non Current Assets Total
Cash	- 0.81	Non Current Assets Total
Cash And Short Term Investments	- 0.81	Property Plant And Equipment Net
Cash	- 0.81	Property Plant And Equipment Net