Contango ORE Total Debt vs. Current Ratio
| CTGO Stock | USD 18.73 0.49 2.55% |
For Contango ORE profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Contango ORE to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Contango ORE utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Contango ORE's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Contango ORE over time as well as its relative position and ranking within its peers.
Contango |
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.
Contango ORE Current Ratio vs. Total Debt Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Contango ORE's current stock value. Our valuation model uses many indicators to compare Contango ORE value to that of its competitors to determine the firm's financial worth. Contango ORE is the top company in total debt category among its peers. It also is number one stock in current ratio category among its peers . The ratio of Total Debt to Current Ratio for Contango ORE is about 2,827,839 . At this time, Contango ORE's Current Ratio is very stable compared to the past year. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Contango ORE's earnings, one of the primary drivers of an investment's value.Contango Total Debt vs. Competition
Contango ORE is the top company in total debt category among its peers. Total debt of Materials industry is currently estimated at about 363.29 Million. Contango ORE retains roughly 44.68 Million in total debt claiming about 12% of all equities under Materials industry.
Contango Current Ratio vs. Total Debt
Total Debt refers to the amount of long term interest-bearing liabilities that a company carries on its balance sheet. That may include bonds sold to the public, notes written to banks or capital leases. Typically, debt can help a company magnify its earnings, but the burden of interest and principal payments will eventually prevent the firm from borrow excessively.
Contango ORE |
| = | 44.68 M |
In most industries, total debt may also include the current portion of long-term debt. Since debt terms vary widely from one company to another, simply comparing outstanding debt obligations between different companies may not be adequate. It is usually meant to compare total debt amounts between companies that operate within the same sector.
Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.
Contango ORE |
| = | 15.80 X |
Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but the generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e., Current Ration of 2 to 1).
Contango Current Ratio Comparison
Contango ORE is currently under evaluation in current ratio category among its peers.
Contango ORE Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Contango ORE, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Contango ORE will eventually generate negative long term returns. The profitability progress is the general direction of Contango ORE's change in net profit over the period of time. It can combine multiple indicators of Contango ORE, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
| Last Reported | Projected for Next Year | ||
| Operating Income | -17.6 M | -16.8 M | |
| Net Loss | -81.5 K | -85.6 K | |
| Income Tax Expense | -18.5 M | -17.6 M | |
| Income Before Tax | -81.5 M | -77.5 M | |
| Total Other Income Expense Net | -63.9 M | -60.7 M | |
| Net Loss | -35.8 M | -34 M | |
| Net Loss | -35.8 M | -34 M | |
| Non Operating Income Net Other | -3.3 M | -3.1 M | |
| Net Interest Income | -1.7 M | -1.7 M | |
| Interest Income | 26.7 K | 47.9 K | |
| Change To Netincome | 27.5 M | 28.9 M | |
| Net Loss | (8.88) | (8.44) | |
| Income Quality | 115.69 | 121.47 | |
| Net Income Per E B T | 0.90 | 0.58 |
Contango Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Contango ORE. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Contango ORE position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Contango ORE's important profitability drivers and their relationship over time.
Use Contango ORE in pair-trading
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.Contango ORE Pair Trading
Contango ORE Pair Trading Analysis
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.Use Investing Themes to Complement your Contango ORE position
In addition to having Contango ORE in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Check out Trending Equities. To learn how to invest in Contango Stock, please use our How to Invest in Contango ORE guide.You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
To fully project Contango ORE's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Contango ORE at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Contango ORE's income statement, its balance sheet, and the statement of cash flows.