Cato Net Income vs Interest Expense Analysis
CATO Stock | USD 4.88 0.13 2.59% |
Cato financial indicator trend analysis is way more than just evaluating Cato prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cato is a good investment. Please check the relationship between Cato Net Income and its Interest Expense accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cato Corporation. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.
Net Income vs Interest Expense
Net Income vs Interest Expense Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cato Net Income account and Interest Expense. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Cato's Net Income and Interest Expense is 0.12. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Interest Expense in the same time period over historical financial statements of Cato Corporation, assuming nothing else is changed. The correlation between historical values of Cato's Net Income and Interest Expense is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of Cato Corporation are associated (or correlated) with its Interest Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Expense has no effect on the direction of Net Income i.e., Cato's Net Income and Interest Expense go up and down completely randomly.
Correlation Coefficient | 0.12 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Cato financial statement analysis. It represents the amount of money remaining after all of Cato Corporation operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Interest Expense
The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.Most indicators from Cato's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cato 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 Cato Corporation. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. At this time, Cato's Tax Provision is very stable compared to the past year. As of the 25th of April 2024, Sales General And Administrative To Revenue is likely to grow to 0.35, while Selling General Administrative is likely to drop about 198 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 316.2M | 249.6M | 233.9M | 251.0M | Total Revenue | 769.3M | 759.3M | 708.1M | 724.6M |
Cato fundamental ratios Correlations
Click cells to compare fundamentals
Cato Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Cato fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 685.0M | 591.5M | 633.8M | 553.1M | 526.7M | 413.9M | |
Other Current Liab | 136.2M | 44.7M | 67.8M | 43.6M | 39.1M | 45.9M | |
Total Current Liabilities | 199.3M | 181.9M | 244.1M | 203.0M | 188.0M | 127.5M | |
Total Stockholder Equity | 316.5M | 246.5M | 254.2M | 226.6M | 192.3M | 239.8M | |
Property Plant And Equipment Net | 289.5M | 272.4M | 244.3M | 244.7M | 218.7M | 117.5M | |
Net Debt | 198.5M | 189.2M | 164.6M | 154.8M | 125.2M | 131.5M | |
Retained Earnings | 203.5M | 129.3M | 134.2M | 104.7M | 64.3M | 61.1M | |
Cash | 11.8M | 17.5M | 19.8M | 20.0M | 27.9M | 34.3M | |
Non Current Assets Total | 322.2M | 300.9M | 278.1M | 275.5M | 283.6M | 297.8M | |
Non Currrent Assets Other | 24.1M | 988K | 22.6M | 19.7M | 13.6M | 7.9M | |
Cash And Short Term Investments | 212.2M | 143.9M | 165.8M | 128.7M | 106.9M | 125.3M | |
Net Receivables | 26.1M | 52.7M | 55.8M | 26.5M | 29.8M | 42.5M | |
Common Stock Shares Outstanding | 23.7M | 22.5M | 21.1M | 19.9M | 19.4M | 25.9M | |
Liabilities And Stockholders Equity | 685.0M | 591.5M | 633.8M | 553.1M | 526.7M | 413.9M | |
Non Current Liabilities Total | 169.2M | 163.0M | 135.4M | 123.6M | 146.4M | 153.7M | |
Inventory | 115.4M | 84.1M | 124.9M | 112.1M | 98.6M | 98.2M | |
Other Current Assets | 5.2M | 5.8M | 5.3M | 6.7M | 7.8M | 10.2M | |
Other Stockholder Equity | 110.8M | 115.3M | 119.5M | 122.4M | 127.0M | 133.3M | |
Total Liab | 368.5M | 345.0M | 379.6M | 326.5M | 334.4M | 174.2M | |
Property Plant And Equipment Gross | 289.5M | 272.4M | 523.9M | 526.8M | 492.3M | 516.9M | |
Total Current Assets | 362.8M | 290.6M | 355.7M | 277.7M | 243.1M | 281.6M | |
Accumulated Other Comprehensive Income | 1.4M | 1.2M | (280K) | (1.2M) | 395K | 414.8K | |
Accounts Payable | 68.4M | 73.8M | 109.5M | 92.0M | 87.8M | 79.8M | |
Common Stock Total Equity | 832K | 826K | 820K | 762K | 685.8K | 797.6K | |
Short Term Investments | 200.4M | 126.4M | 146.0M | 108.7M | 79.0M | 123.8M | |
Common Stock | 820K | 762K | 728K | 691K | 694K | 770.7K | |
Other Liab | 40.0M | 22.0M | 19.7M | 17.9M | 20.6M | 26.3M | |
Other Assets | 31.2M | 31.4M | 27.3M | 31.9M | 36.7M | 38.6M | |
Property Plant Equipment | 94.3M | 88.7M | 272.4M | 244.3M | 281.0M | 295.1M | |
Net Tangible Assets | 356.8M | 485.7M | 246.5M | 254.2M | 228.8M | 305.0M | |
Long Term Investments | 1.3M | 1.3M | 1.8M | 1.9M | 2.1M | 1.4M | |
Non Current Liabilities Other | 22.0M | 19.7M | 17.9M | 16.2M | 14.5M | 23.1M | |
Net Invested Capital | 316.5M | 246.5M | 254.2M | 226.6M | 192.3M | 214.8M |
Pair Trading with Cato
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 Cato 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 Cato will appreciate offsetting losses from the drop in the long position's value.Moving together with Cato Stock
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Moving against Cato Stock
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0.61 | AEO | American Eagle Outfitters Financial Report 22nd of May 2024 | PairCorr |
0.58 | GPS | Gap Inc Financial Report 23rd of May 2024 | PairCorr |
The ability to find closely correlated positions to Cato could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cato 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 Cato - 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 Cato Corporation to buy it.
The correlation of Cato 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 Cato moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cato 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 Cato 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 Cato Corporation. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
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When running Cato's price analysis, check to measure Cato'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 Cato is operating at the current time. Most of Cato's value examination focuses on studying past and present price action to predict the probability of Cato's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cato's price. Additionally, you may evaluate how the addition of Cato to your portfolios can decrease your overall portfolio volatility.
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Is Cato'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 Cato. If investors know Cato 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 Cato 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 (0.52) | Dividend Share 0.68 | Earnings Share (1.17) | Revenue Per Share 36.517 | Quarterly Revenue Growth (0.02) |
The market value of Cato is measured differently than its book value, which is the value of Cato that is recorded on the company's balance sheet. Investors also form their own opinion of Cato's value that differs from its market value or its book value, called intrinsic value, which is Cato'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 Cato's market value can be influenced by many factors that don't directly affect Cato'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 Cato's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cato is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cato'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.