Contango Non Currrent Assets Other vs Retained Earnings Total Equity Analysis
CTGO Stock | USD 10.26 0.13 1.25% |
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 Non Currrent Assets Other and its Retained Earnings Total Equity 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.
Non Currrent Assets Other vs Retained Earnings Total Equity
Non Currrent Assets Other vs Retained Earnings Total Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Contango ORE Non Currrent Assets Other account and Retained Earnings Total Equity. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Contango ORE's Non Currrent Assets Other and Retained Earnings Total Equity is 0.46. Overlapping area represents the amount of variation of Non Currrent Assets Other that can explain the historical movement of Retained Earnings Total Equity 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 Non Currrent Assets Other and Retained Earnings Total Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Currrent Assets Other of Contango ORE are associated (or correlated) with its Retained Earnings Total Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings Total Equity has no effect on the direction of Non Currrent Assets Other i.e., Contango ORE's Non Currrent Assets Other and Retained Earnings Total Equity go up and down completely randomly.
Correlation Coefficient | 0.46 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Non Currrent Assets Other
Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.Retained Earnings Total Equity
The portion of total equity that consists of earnings retained by the company, reinvested in its core business or used to pay debt.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. As of the 17th of February 2025, Enterprise Value is likely to grow to about 184.7 M, while Enterprise Value Over EBITDA is likely to drop (2.41).
Contango ORE fundamental ratios Correlations
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Contango ORE Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Contango ORE fundamental ratios Accounts
2020 | 2021 | 2022 | 2023 | 2024 | 2025 (projected) | ||
Total Assets | 3.1M | 36.0M | 37.3M | 58.6M | 67.4M | 70.7M | |
Other Current Liab | 1.0M | 195.8K | 871.0K | 4.9M | 5.7M | 5.9M | |
Total Current Liabilities | 1.1M | 222.1K | 1.5M | 13.1M | 15.0M | 15.8M | |
Total Stockholder Equity | 2.0M | 34.5M | 13.3M | (14.5M) | (16.7M) | (15.9M) | |
Common Stock Shares Outstanding | 6.5M | 6.3M | 6.7M | 9.2M | 10.6M | 11.1M | |
Liabilities And Stockholders Equity | 3.1M | 36.0M | 37.3M | 58.6M | 67.4M | 70.7M | |
Other Current Assets | 72.2K | 515.6K | 684.4K | 1.3M | 1.5M | 1.6M | |
Other Stockholder Equity | 60.8M | 69.5M | 71.7M | 124.4M | 143.1M | 150.2M | |
Total Liab | 1.1M | 1.4M | 24.0M | 73.1M | 84.1M | 88.3M | |
Total Current Assets | 3.1M | 35.9M | 23.8M | 16.9M | 19.4M | 10.7M | |
Common Stock | 65.9K | 66.8K | 68.6K | 94.5K | 85.1K | 80.8K | |
Net Debt | (3.0M) | (35.2M) | (3.9M) | 29.2M | 33.6M | 35.2M | |
Retained Earnings | (58.9M) | (35.0M) | (58.5M) | (139.0M) | (159.9M) | (167.9M) | |
Accounts Payable | 83.2K | 26.3K | 633.9K | 250.7K | 225.7K | 318.2K | |
Cash | 3.0M | 35.2M | 23.1M | 15.5M | 17.8M | 11.2M | |
Cash And Short Term Investments | 3.0M | 35.2M | 23.1M | 15.5M | 17.8M | 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 |
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 Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
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.
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.