Kelt Other Current Liab vs Common Stock Total Equity Analysis
KEL Stock | CAD 6.65 0.07 1.06% |
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 Other Current Liab and its Common Stock Total Equity 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.
Other Current Liab vs Common Stock Total Equity
Other Current Liab vs Common Stock Total Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Kelt Exploration Other Current Liab account and Common Stock Total Equity. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Kelt Exploration's Other Current Liab and Common Stock Total Equity is -0.5. Overlapping area represents the amount of variation of Other Current Liab that can explain the historical movement of Common Stock Total Equity 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 Other Current Liab and Common Stock 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 Other Current Liab of Kelt Exploration are associated (or correlated) with its Common Stock Total Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Total Equity has no effect on the direction of Other Current Liab i.e., Kelt Exploration's Other Current Liab and Common Stock Total Equity go up and down completely randomly.
Correlation Coefficient | -0.5 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Other Current Liab
Common Stock Total Equity
The total value of common stock equity held by shareholders, representing their ownership interest in the company.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 12th of December 2024, Tax Provision is likely to grow to about 29.9 M, while Selling General Administrative is likely to drop about 9.9 M.
2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 42.3M | 64.7M | 18.2M | 17.3M | Cost Of Revenue | 194.9M | 304.8M | 294.9M | 266.3M |
Kelt Exploration fundamental ratios Correlations
Click cells to compare fundamentals
Kelt Exploration Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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 | 5.7M | 3.4M | 3.5M | 3.6M | 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 | 570K | 541.5K | |
Net Receivables | 40.0M | 19.8M | 42.6M | 76.5M | 50.2M | 38.2M | |
Common Stock Shares Outstanding | 184.9M | 188.1M | 190.8M | 195.5M | 197.1M | 174.2M | |
Other Stockholder Equity | 37.6M | 38.6M | (34.7M) | (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 | 2.4M | 2.3M | |
Other Current Assets | 7.2M | 15.6M | 7.4M | 34.9M | 9.2M | 16.2M | |
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 | 1.8M | 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
Moving against Kelt Stock
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0.43 | CCL-A | CCL Industries | PairCorr |
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.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.