Century Total Assets vs Total Liab Analysis
CNT Stock | CAD 0.03 0.00 0.00% |
Century Global financial indicator trend analysis is way more than just evaluating Century Global Commo prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Century Global Commo is a good investment. Please check the relationship between Century Global Total Assets and its Total Liab accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Century Global Commodities. 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 Assets vs Total Liab
Total Assets vs Total Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Century Global Commo Total Assets account and Total Liab. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Century Global's Total Assets and Total Liab is 0.44. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Total Liab in the same time period over historical financial statements of Century Global Commodities, assuming nothing else is changed. The correlation between historical values of Century Global's Total Assets and Total Liab 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 Assets of Century Global Commodities are associated (or correlated) with its Total Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Liab has no effect on the direction of Total Assets i.e., Century Global's Total Assets and Total Liab go up and down completely randomly.
Correlation Coefficient | 0.44 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Total Assets
Total assets refers to the total amount of Century Global 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 Century Global Commo 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.Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.Most indicators from Century Global's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Century Global Commo 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 Century Global Commodities. 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. At this time, Century Global's Selling General Administrative is very stable compared to the past year. As of the 12th of December 2024, Tax Provision is likely to grow to about 48.8 K, while Issuance Of Capital Stock is likely to drop about 169.5 K.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 2.2M | 3.2M | 2.7M | 3.9M | Total Revenue | 8.7M | 11.3M | 12.8M | 9.0M |
Century Global fundamental ratios Correlations
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Century Global Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Century Global fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 27.8M | 25.4M | 24.3M | 23.0M | 22.2M | 43.8M | |
Total Stockholder Equity | 23.4M | 22.6M | 20.9M | 18.9M | 17.3M | 16.4M | |
Net Debt | (2.2M) | (5.4M) | (3.8M) | (2.0M) | (2.4M) | (2.5M) | |
Retained Earnings | (97.7M) | (99.0M) | (101.6M) | (103.4M) | (105.2M) | (99.9M) | |
Cash | 2.6M | 5.5M | 4.2M | 2.2M | 2.6M | 2.4M | |
Other Assets | 7.7M | 1.0M | 992.0K | 913.6K | 1.0 | 0.95 | |
Cash And Short Term Investments | 3.9M | 13.2M | 10.3M | 6.5M | 5.0M | 4.7M | |
Common Stock Shares Outstanding | 113.2M | 113.2M | 98.5M | 113.2M | 112.6M | 98.1M | |
Liabilities And Stockholders Equity | 27.8M | 25.4M | 24.3M | 23.0M | 22.2M | 43.8M | |
Other Current Assets | 3.2M | 220.6K | 302.2K | 193.4K | 227.3K | 215.9K | |
Other Stockholder Equity | 4.9M | 3.1M | 6.5M | 4.3M | 5.4M | 8.6M | |
Total Liab | 3.8M | 2.6M | 2.6M | 3.3M | 4.1M | 2.4M | |
Total Current Assets | 12.2M | 17.0M | 13.8M | 11.6M | 10.1M | 9.6M | |
Other Current Liab | 2.8M | 1.3M | 1.7M | 956.5K | 1.9M | 1.3M | |
Total Current Liabilities | 3.7M | 2.6M | 2.5M | 3.2M | 4.0M | 2.6M | |
Accounts Payable | 622.3K | 305.0K | 562.8K | 1.3M | 1.8M | 935.6K | |
Property Plant And Equipment Net | 488.7K | 7.2M | 9.5M | 10.5M | 11.2M | 12.0M | |
Non Current Assets Total | 15.6M | 8.3M | 10.5M | 11.4M | 12.1M | 14.6M | |
Non Currrent Assets Other | 7.6M | 951.1K | 944.6K | 913.6K | 840.3K | 882.3K | |
Net Receivables | 3.1M | 1.9M | 1.9M | 2.3M | 2.1M | 2.0M | |
Non Current Liabilities Total | 154.9K | 9.0K | 171.2K | 64.7K | 85.8K | 81.5K | |
Property Plant And Equipment Gross | 488.7K | 9.6M | 11.9M | 12.9M | 13.4M | 12.5M | |
Accumulated Other Comprehensive Income | (882.4K) | (618.3K) | (1.0M) | (1.4M) | 773.9K | 812.6K | |
Inventory | 2.0M | 1.6M | 1.3M | 2.5M | 2.8M | 2.9M | |
Net Tangible Assets | 23.4M | 22.6M | 20.9M | 18.9M | 17.0M | 16.2M | |
Short Term Investments | 1.3M | 7.7M | 6.1M | 4.3M | 2.4M | 4.2M | |
Long Term Investments | 7.5M | 75.3K | 62.2K | 67.4K | 67.4K | 64.1K | |
Property Plant Equipment | 488.7K | 7.2M | 9.5M | 10.5M | 9.4M | 7.1M | |
Long Term Debt Total | 154.9K | 9.0K | 171.3K | 64.7K | 74.4K | 48.9K | |
Capital Surpluse | 3.1M | 3.3M | 3.1M | 4.3M | 5.0M | 3.7M | |
Short Term Debt | 260.7K | 143.7K | 207.9K | 109.5K | 116.9K | 111.0K | |
Net Invested Capital | 23.4M | 22.6M | 20.9M | 18.9M | 17.3M | 18.9M | |
Net Working Capital | 8.6M | 14.5M | 11.3M | 8.4M | 6.1M | 10.4M |
Pair Trading with Century Global
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 Century Global 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 Century Global will appreciate offsetting losses from the drop in the long position's value.Moving against Century Stock
The ability to find closely correlated positions to Century Global could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Century Global 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 Century Global - 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 Century Global Commodities to buy it.
The correlation of Century Global 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 Century Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Century Global Commo 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 Century Global 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.Other Information on Investing in Century Stock
Balance Sheet is a snapshot of the financial position of Century Global Commo at a specified time, usually calculated after every quarter, six months, or one year. Century Global Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Century Global 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 Century currently owns. An asset can also be divided into two categories, current and non-current.