Kelt Total Current Assets vs Total Stockholder Equity Analysis

KEL Stock  CAD 6.38  0.05  0.78%   
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 Total Current Assets and its Total Stockholder 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.

Total Current Assets vs Total Stockholder Equity

Total Current Assets vs Total Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Kelt Exploration Total Current Assets account and Total Stockholder Equity. At this time, the significance of the direction appears to have strong relationship.
The correlation between Kelt Exploration's Total Current Assets and Total Stockholder Equity is 0.69. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Total Stockholder 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 Total Current Assets and Total Stockholder 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 Total Current Assets of Kelt Exploration are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Total Current Assets i.e., Kelt Exploration's Total Current Assets and Total Stockholder Equity go up and down completely randomly.

Correlation Coefficient

0.69
Relationship DirectionPositive 
Relationship StrengthSignificant

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.
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 11th 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 Expenses42.3M64.7M18.2M17.3M
Cost Of Revenue194.9M304.8M294.9M266.3M

Kelt Exploration fundamental ratios Correlations

-0.49-0.190.971.0-0.440.861.00.590.360.770.890.250.870.60.960.940.73-0.81-0.810.860.840.08-0.020.820.87
-0.490.36-0.59-0.470.43-0.61-0.47-0.14-0.05-0.58-0.590.16-0.21-0.52-0.35-0.42-0.070.320.32-0.5-0.170.390.16-0.5-0.5
-0.190.36-0.27-0.160.5-0.01-0.17-0.25-0.280.02-0.29-0.35-0.01-0.49-0.11-0.04-0.05-0.05-0.05-0.25-0.07-0.36-0.260.08-0.26
0.97-0.59-0.270.96-0.530.890.960.460.310.850.940.120.720.690.880.940.55-0.8-0.80.910.680.040.00.870.91
1.0-0.47-0.160.96-0.410.861.00.60.360.760.870.260.890.550.970.940.75-0.81-0.810.850.860.08-0.060.820.85
-0.440.430.5-0.53-0.41-0.3-0.420.110.03-0.47-0.76-0.05-0.19-0.44-0.37-0.45-0.110.280.28-0.76-0.190.150.03-0.43-0.78
0.86-0.61-0.010.890.86-0.30.860.490.280.820.79-0.010.630.510.790.810.45-0.85-0.850.710.56-0.18-0.180.790.71
1.0-0.47-0.170.961.0-0.420.860.60.360.750.870.260.890.550.970.930.75-0.81-0.810.850.850.07-0.070.810.86
0.59-0.14-0.250.460.60.110.490.60.540.140.230.660.740.210.620.330.82-0.44-0.440.160.780.270.020.120.17
0.36-0.05-0.280.310.360.030.280.360.54-0.010.190.430.40.250.470.210.43-0.49-0.490.130.430.680.350.020.14
0.77-0.580.020.850.76-0.470.820.750.14-0.010.84-0.230.470.650.630.850.32-0.75-0.750.80.41-0.22-0.030.910.81
0.89-0.59-0.290.940.87-0.760.790.870.230.190.840.060.610.670.810.90.44-0.72-0.720.980.57-0.08-0.010.850.99
0.250.16-0.350.120.26-0.05-0.010.260.660.43-0.230.060.480.070.370.040.590.070.070.040.550.250.13-0.260.05
0.87-0.21-0.010.720.89-0.190.630.890.740.40.470.610.480.30.930.740.94-0.67-0.670.60.990.15-0.040.560.62
0.6-0.52-0.490.690.55-0.440.510.550.210.250.650.670.070.30.450.60.21-0.5-0.50.620.290.190.620.540.62
0.96-0.35-0.110.880.97-0.370.790.970.620.470.630.810.370.930.450.880.8-0.8-0.80.790.90.15-0.040.710.8
0.94-0.42-0.040.940.94-0.450.810.930.330.210.850.90.040.740.60.880.57-0.78-0.780.920.70.050.00.940.91
0.73-0.07-0.050.550.75-0.110.450.750.820.430.320.440.590.940.210.80.57-0.54-0.540.430.970.240.020.380.45
-0.810.32-0.05-0.8-0.810.28-0.85-0.81-0.44-0.49-0.75-0.720.07-0.67-0.5-0.8-0.78-0.541.0-0.66-0.61-0.2-0.1-0.74-0.69
-0.810.32-0.05-0.8-0.810.28-0.85-0.81-0.44-0.49-0.75-0.720.07-0.67-0.5-0.8-0.78-0.541.0-0.66-0.61-0.2-0.1-0.74-0.69
0.86-0.5-0.250.910.85-0.760.710.850.160.130.80.980.040.60.620.790.920.43-0.66-0.660.56-0.04-0.030.870.99
0.84-0.17-0.070.680.86-0.190.560.850.780.430.410.570.550.990.290.90.70.97-0.61-0.610.560.21-0.010.50.58
0.080.39-0.360.040.080.15-0.180.070.270.68-0.22-0.080.250.150.190.150.050.24-0.2-0.2-0.040.210.56-0.12-0.03
-0.020.16-0.260.0-0.060.03-0.18-0.070.020.35-0.03-0.010.13-0.040.62-0.040.00.02-0.1-0.1-0.03-0.010.56-0.09-0.02
0.82-0.50.080.870.82-0.430.790.810.120.020.910.85-0.260.560.540.710.940.38-0.74-0.740.870.5-0.12-0.090.85
0.87-0.5-0.260.910.85-0.780.710.860.170.140.810.990.050.620.620.80.910.45-0.69-0.690.990.58-0.03-0.020.85
Click cells to compare fundamentals

Kelt Exploration Account Relationship Matchups

Kelt Exploration fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.6B760.0M913.5M1.1B1.3B1.1B
Other Current Liab5.7M3.4M3.5M3.6M4.9M4.7M
Total Current Liabilities83.6M40.6M76.6M87.4M91.2M84.6M
Total Stockholder Equity923.1M603.7M722.7M901.4M1.0B787.9M
Property Plant And Equipment Net1.5B661.2M852.3M1.0B1.2B1.1B
Retained Earnings(194.0M)(518.8M)(404.5M)(245.8M)(159.8M)(167.8M)
Accounts Payable76.1M36.6M72.5M83.3M85.2M72.8M
Non Current Assets Total1.5B693.1M862.8M1.0B1.2B1.1B
Non Currrent Assets Other1.2B1.4B1.5B2.4M570K541.5K
Net Receivables40.0M19.8M42.6M76.5M50.2M38.2M
Common Stock Shares Outstanding184.9M188.1M190.8M195.5M197.1M174.2M
Other Stockholder Equity37.6M38.6M(34.7M)(15.5M)(12.0M)(11.4M)
Total Liab682.4M156.3M190.8M226.7M256.6M348.3M
Total Current Assets55.6M66.9M50.7M111.6M76.1M68.0M
Other Liab214.4M114.9M112.7M127.4M146.6M164.2M
Net Tangible Assets923.1M603.7M722.7M901.4M1.0B833.2M
Net Debt377.1M(30.1M)1.4M12.2M(12.9M)(12.2M)
Cash8.4M31.6M719K125K14.3M7.3M
Cash And Short Term Investments8.4M31.6M719K125K14.3M7.3M
Common Stock Total Equity1.1B1.1B1.1B1.1B1.3B1.1B
Liabilities And Stockholders Equity1.6B760.0M913.5M1.1B1.3B1.2B
Non Current Liabilities Total598.8M115.7M114.2M139.3M165.4M209.3M
Inventory3.2M189K2.8M5.3M2.4M2.3M
Other Current Assets7.2M15.6M7.4M34.9M9.2M16.2M
Property Plant And Equipment Gross1.5B661.2M1.5B1.8B2.1B1.4B
Common Stock1.1B1.1B1.1B1.2B1.2B1.1B
Property Plant Equipment1.5B661.2M852.3M1.0B1.2B1.1B
Short Long Term Debt Total385.5M1.5M2.2M12.3M1.5M1.4M
Long Term Debt382.8M0.01.2M11.3M10.2M9.7M
Short Term Debt1.8M684K609K505K1.1M1.1M
Long Term Debt Total384.4M780K1.5M11.8M10.7M10.1M
Capital Surpluse24.7M38.6M(17.3M)(15.5M)(13.9M)(13.2M)
Cash And Equivalents8.4M31.6M719K125K143.8K136.6K
Net Invested Capital1.3B603.7M723.9M912.7M1.0B766.0M
Net Working Capital(28.1M)26.3M(25.8M)24.2M(15.1M)(15.8M)
Capital Stock1.1B1.1B1.1B1.2B1.2B1.3B

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

  0.74ENB-PFV Enbridge Pref 5PairCorr
  0.66ENS-PA E Split CorpPairCorr

Moving against Kelt Stock

  0.64ARA Aclara ResourcesPairCorr
  0.54SAGE Sage Potash CorpPairCorr
  0.46CCL-A CCL IndustriesPairCorr
  0.44RCI-A Rogers CommunicationsPairCorr
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.
Pair CorrelationCorrelation Matching

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.