Cal Total Stockholder Equity vs Total Current Liabilities Analysis
| CALM Stock | USD 56.87 1.24 2.13% |
Cal Maine financial indicator trend analysis is way more than just evaluating Cal Maine Foods prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cal Maine Foods is a good investment. Please check the relationship between Cal Maine Total Stockholder Equity and its Total Current Liabilities accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cal Maine Foods. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis.
Total Stockholder Equity vs Total Current Liabilities
Total Stockholder Equity vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cal Maine Foods Total Stockholder Equity account and Total Current Liabilities. At this time, the significance of the direction appears to have strong relationship.
The correlation between Cal Maine's Total Stockholder Equity and Total Current Liabilities is 0.74. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Cal Maine Foods, assuming nothing else is changed. The correlation between historical values of Cal Maine's Total Stockholder Equity and Total Current Liabilities 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 Stockholder Equity of Cal Maine Foods are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Total Stockholder Equity i.e., Cal Maine's Total Stockholder Equity and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | 0.74 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
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.Total Current Liabilities
Total Current Liabilities is an item on Cal Maine balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Cal Maine Foods are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Most indicators from Cal Maine's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cal Maine Foods 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 Cal Maine Foods. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. As of the 26th of April 2024, Tax Provision is likely to grow to about 292 M, while Selling General Administrative is likely to drop about 91.2 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 337.1M | 1.2B | 1.4B | 1.4B | Total Revenue | 1.8B | 3.1B | 3.6B | 3.8B |
Cal Maine fundamental ratios Correlations
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Cal Maine Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Cal Maine fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 1.2B | 1.2B | 1.4B | 2.0B | 2.2B | 2.4B | |
| Short Long Term Debt Total | 3.4M | 2.4M | 1.4M | 918K | 826.2K | 784.9K | |
| Other Current Liab | 36.3M | 36.4M | 101.9M | 100.1M | 115.2M | 120.9M | |
| Total Current Liabilities | 93.2M | 90.1M | 184.7M | 182.7M | 210.1M | 220.6M | |
| Total Stockholder Equity | 1.0B | 1.0B | 1.1B | 1.6B | 1.9B | 1.9B | |
| Property Plant And Equipment Net | 557.4M | 591.7M | 679.2M | 744.5M | 856.2M | 899.0M | |
| Net Debt | (74.7M) | (55.0M) | (57.6M) | (291.9M) | (262.7M) | (249.6M) | |
| Retained Earnings | 975.1M | 976.0M | 1.1B | 1.6B | 1.8B | 1.9B | |
| Accounts Payable | 92.2M | 52.8M | 82.0M | 82.6M | 95.0M | 51.9M | |
| Cash | 78.1M | 57.4M | 59.1M | 292.8M | 336.7M | 353.6M | |
| Non Current Assets Total | 684.4M | 709.2M | 766.0M | 829.6M | 954.0M | 1.0B | |
| Non Currrent Assets Other | 127.1M | (6.1M) | (688K) | 1.5M | 1.7M | 1.6M | |
| Cash And Short Term Investments | 232.3M | 169.5M | 174.5M | 647.9M | 745.1M | 782.4M | |
| Net Receivables | 98.4M | 126.6M | 219.4M | 187.2M | 215.3M | 226.1M | |
| Common Stock Shares Outstanding | 48.6M | 48.7M | 48.7M | 48.8M | 44.0M | 45.2M | |
| Liabilities And Stockholders Equity | 1.2B | 1.2B | 1.4B | 2.0B | 2.2B | 2.4B | |
| Non Current Liabilities Total | 103.8M | 126.3M | 138.5M | 162.2M | 186.5M | 121.7M | |
| Inventory | 187.2M | 218.4M | 263.3M | 284.4M | 327.1M | 343.4M | |
| Other Current Assets | 4.4M | 5.4M | 4.3M | 5.4M | 6.2M | 5.9M | |
| Other Stockholder Equity | 33.7M | 36.6M | 39.5M | 42.1M | 37.9M | 59.6M | |
| Total Liab | 197.0M | 216.4M | 323.1M | 344.9M | 396.7M | 358.8M | |
| Property Plant And Equipment Gross | 560.6M | 591.7M | 1.4B | 1.5B | 1.7B | 1.8B | |
| Total Current Assets | 522.3M | 519.9M | 661.5M | 1.1B | 1.3B | 1.4B | |
| Accumulated Other Comprehensive Income | 79K | (558K) | (1.6M) | (2.9M) | (3.3M) | (3.5M) | |
| Short Term Debt | 1.7M | 1.0M | 906K | 696K | 626.4K | 595.1K | |
| Intangible Assets | 22.8M | 20.3M | 18.1M | 15.9M | 18.3M | 12.4M | |
| Other Liab | 90.7M | 101.4M | 124.8M | 137.7M | 158.4M | 166.3M | |
| Other Assets | 2.0M | 1.8M | 2.7M | 5.4M | 6.2M | 4.2M | |
| Treasury Stock | (26.7M) | (27.4M) | (28.4M) | (30.0M) | (27.0M) | (28.4M) | |
| Property Plant Equipment | 560.6M | 591.7M | 677.8M | 744.5M | 856.2M | 899.0M | |
| Short Term Investments | 154.2M | 112.2M | 115.4M | 355.1M | 408.4M | 428.8M | |
| Net Tangible Assets | 951.3M | 956.9M | 1.0B | 1.6B | 1.8B | 938.4M | |
| Noncontrolling Interest In Consolidated Entity | 2.3M | 3.2M | (206K) | (1.5M) | (1.3M) | (1.3M) | |
| Retained Earnings Total Equity | 975.1M | 976.0M | 1.1B | 1.6B | 1.8B | 1.9B |
Pair Trading with Cal Maine
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 Cal Maine 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 Cal Maine will appreciate offsetting losses from the drop in the long position's value.Moving together with Cal Stock
| 0.77 | GIS | General Mills Financial Report 26th of June 2024 | PairCorr |
Moving against Cal Stock
| 0.8 | SMPL | Simply Good Foods Financial Report 4th of July 2024 | PairCorr |
| 0.77 | IH | IhumanInc | PairCorr |
| 0.76 | MDLZ | Mondelez International Sell-off Trend | PairCorr |
| 0.75 | RMCF | Rocky Mountain Chocolate Report 22nd of May 2024 | PairCorr |
| 0.71 | JJSF | J J Snack Financial Report 6th of May 2024 | PairCorr |
The ability to find closely correlated positions to Cal Maine could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cal Maine 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 Cal Maine - 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 Cal Maine Foods to buy it.
The correlation of Cal Maine 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 Cal Maine moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cal Maine Foods 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 Cal Maine 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.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cal Maine Foods. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
Complementary Tools for Cal Stock analysis
When running Cal Maine's price analysis, check to measure Cal Maine's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Cal Maine is operating at the current time. Most of Cal Maine's value examination focuses on studying past and present price action to predict the probability of Cal Maine's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cal Maine's price. Additionally, you may evaluate how the addition of Cal Maine to your portfolios can decrease your overall portfolio volatility.
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Is Cal Maine's industry 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 Cal Maine. If investors know Cal 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 Cal Maine 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 (0.55) | Dividend Share 1.879 | Earnings Share 5.64 | Revenue Per Share 48.755 | Quarterly Revenue Growth (0.29) |
The market value of Cal Maine Foods is measured differently than its book value, which is the value of Cal that is recorded on the company's balance sheet. Investors also form their own opinion of Cal Maine's value that differs from its market value or its book value, called intrinsic value, which is Cal Maine'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 Cal Maine's market value can be influenced by many factors that don't directly affect Cal Maine'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 Cal Maine's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cal Maine is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cal Maine'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.