Castor Accounts Payable vs Total Assets Analysis
CTRM Stock | USD 3.38 0.06 1.74% |
Castor Maritime financial indicator trend analysis is way more than just evaluating Castor Maritime prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Castor Maritime is a good investment. Please check the relationship between Castor Maritime Accounts Payable and its Total Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Castor Maritime. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. To learn how to invest in Castor Stock, please use our How to Invest in Castor Maritime guide.
Accounts Payable vs Total Assets
Accounts Payable vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Castor Maritime Accounts Payable account and Total Assets. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Castor Maritime's Accounts Payable and Total Assets is 0.86. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Total Assets in the same time period over historical financial statements of Castor Maritime, assuming nothing else is changed. The correlation between historical values of Castor Maritime's Accounts Payable and Total 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 Accounts Payable of Castor Maritime are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Accounts Payable i.e., Castor Maritime's Accounts Payable and Total Assets go up and down completely randomly.
Correlation Coefficient | 0.86 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Accounts Payable
An accounting item on the balance sheet that represents Castor Maritime obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Castor Maritime are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.Total Assets
Total assets refers to the total amount of Castor Maritime assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Castor Maritime books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Most indicators from Castor Maritime's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Castor Maritime 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 Castor Maritime. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. To learn how to invest in Castor Stock, please use our How to Invest in Castor Maritime guide.As of the 11th of December 2024, Issuance Of Capital Stock is likely to grow to about 136.3 M, while Selling General Administrative is likely to drop about 6.7 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 65.5M | 140.3M | 28.5M | 37.9M | Total Revenue | 132.0M | 262.1M | 97.5M | 81.1M |
Castor Maritime fundamental ratios Correlations
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Castor Maritime Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Castor Maritime fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 30.4M | 74.4M | 462.9M | 632.9M | 605.0M | 635.3M | |
Other Current Liab | 556.2K | 1.6M | 9.0M | 14.6M | 6.5M | 5.1M | |
Total Current Liabilities | 3.0M | 10.9M | 34.0M | 51.4M | 28.6M | 20.2M | |
Total Stockholder Equity | 13.2M | 52.4M | 342.9M | 461.5M | 461.2M | 484.2M | |
Net Tangible Assets | 13.2M | 52.4M | 342.9M | 461.5M | 530.7M | 557.3M | |
Property Plant And Equipment Net | 23.7M | 58.0M | 396.3M | 435.9M | 229.5M | 182.0M | |
Net Debt | 11.2M | 9.3M | 64.9M | 9.5M | (28.0M) | (26.6M) | |
Retained Earnings | 436.8K | (1.3M) | 39.2M | 157.7M | 194.7M | 204.5M | |
Accounts Payable | 410.6K | 2.1M | 5.0M | 7.8M | 2.8M | 2.9M | |
Cash | 4.6M | 8.9M | 37.2M | 142.4M | 111.4M | 117.0M | |
Non Current Assets Total | 24.2M | 60.8M | 407.9M | 466.7M | 362.8M | 210.1M | |
Non Currrent Assets Other | 500K | 2.3M | 6.9M | 19.7M | 15.7M | 8.3M | |
Other Assets | 500K | 2.8M | 13.9M | 30.8M | 1.0 | 0.95 | |
Long Term Debt | 14.2M | 11.1M | 85.9M | 120.1M | 65.7M | 46.7M | |
Cash And Short Term Investments | 4.6M | 8.9M | 37.2M | 142.4M | 188.5M | 197.9M | |
Net Receivables | 759.4K | 2.9M | 8.2M | 2.7M | 8.6M | 9.0M | |
Common Stock Shares Outstanding | 26.6K | 677.4K | 8.5M | 9.5M | 22.0M | 23.1M | |
Liabilities And Stockholders Equity | 30.4M | 74.4M | 462.9M | 632.9M | 605.0M | 635.3M | |
Non Current Liabilities Total | 14.2M | 11.1M | 85.9M | 120.1M | 65.7M | 46.7M | |
Inventory | 143.5K | 714.8K | 4.4M | 2.8M | 977.6K | 1.4M | |
Other Current Assets | 902.6K | 1.1M | 5.2M | 61.2M | 44.3M | 46.5M | |
Other Stockholder Equity | 7.6M | 12.8M | 53.6M | 303.7M | 266.4M | 150.1M | |
Total Liab | 17.2M | 22.0M | 120.0M | 171.4M | 94.3M | 66.8M | |
Deferred Long Term Liab | 500K | 2.1M | 4.9M | 8.0M | 9.2M | 9.6M | |
Net Invested Capital | 29.0M | 70.6M | 445.0M | 613.3M | 544.6M | 571.8M | |
Property Plant And Equipment Gross | 23.7M | 58.0M | 396.3M | 435.9M | 262.1M | 187.1M | |
Short Long Term Debt | 1.5M | 7.1M | 16.1M | 31.8M | 17.7M | 11.7M | |
Total Current Assets | 6.2M | 13.6M | 55.0M | 166.2M | 242.3M | 254.4M | |
Net Working Capital | 3.2M | 2.7M | 21.0M | 114.9M | 213.7M | 224.4M | |
Short Term Debt | 1.5M | 7.1M | 16.1M | 29.2M | 17.7M | 11.2M | |
Property Plant Equipment | 23.7M | 58.0M | 394.0M | 435.9M | 501.3M | 526.3M |
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Is Marine Transportation 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 Castor Maritime. If investors know Castor 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 Castor Maritime listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.187 | Earnings Share 3.72 | Revenue Per Share 7.911 | Quarterly Revenue Growth (0.37) | Return On Assets 0.0162 |
The market value of Castor Maritime is measured differently than its book value, which is the value of Castor that is recorded on the company's balance sheet. Investors also form their own opinion of Castor Maritime's value that differs from its market value or its book value, called intrinsic value, which is Castor Maritime'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 Castor Maritime's market value can be influenced by many factors that don't directly affect Castor Maritime'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 Castor Maritime's value and its price as these two are different measures arrived at by different means. Investors typically determine if Castor Maritime is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Castor Maritime'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.