Castor Net Cash Flow from Operations vs Total Debt Analysis
CTRM Stock | USD 3.26 0.02 0.61% |
Trend analysis of Castor Maritime balance sheet accounts such as Total Assets of 635.3 M, Other Current Liabilities of 4 M or Total Current Liabilities of 20.2 M provides information on Castor Maritime's total assets, liabilities, and equity, which is the actual value of Castor Maritime to its prevalent stockholders. By breaking down trends over time using Castor Maritime balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
Castor |
About Castor Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of Castor Maritime at a specified time, usually calculated after every quarter, six months, or one year. Castor Maritime Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Castor Maritime 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 Castor currently owns. An asset can also be divided into two categories, current and non-current.
Castor Maritime Balance Sheet Chart
Castor Maritime Balance Sheet is one of the main financial statements that report all assets, liabilities, and shareholders' equity for the current year. It provides a basis for different types of computing rates of return, such as return on equity (ROE) or return on asset (ROA), as well as shows how Castor Maritime uses and utilizes its capital. It also shows what exactly a company owns and owes.
At this time, Castor Maritime's Non Currrent Assets Other are very stable compared to the past year. As of the 24th of April 2024, Cash And Short Term Investments is likely to grow to about 119.4 M, while Total Current Liabilities is likely to drop about 20.2 M. Add Fundamental
Total Assets
Total assets refers to the total amount of Castor Maritime 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 Castor Maritime 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 Current Liabilities
Total Current Liabilities is an item on Castor Maritime balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Castor Maritime 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.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 Castor Maritime's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Castor Maritime 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 Castor Maritime. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. To learn how to invest in Castor Stock, please use our How to Invest in Castor Maritime guide.At this time, Castor Maritime's Issuance Of Capital Stock is very stable compared to the past year. As of the 24th of April 2024, Sales General And Administrative To Revenue is likely to grow to 0.11, while Selling General Administrative is likely to drop about 5.6 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 65.5M | 140.3M | 28.5M | 37.9M | Total Revenue | 132.0M | 262.1M | 97.5M | 81.1M |
Castor Maritime fundamental ratios Correlations
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Castor Maritime Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Castor Maritime fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 30.4M | 74.4M | 462.9M | 632.9M | 605.0M | 635.3M | |
Other Current Liab | 556.2K | 1.6M | 9.0M | 7.8M | 6.5M | 4.0M | |
Total Current Liabilities | 3.0M | 10.9M | 34.0M | 51.4M | 28.6M | 20.2M | |
Total Stockholder Equity | 13.2M | 52.4M | 342.9M | 461.5M | 461.2M | 484.2M | |
Net Tangible Assets | 13.2M | 52.4M | 342.9M | 461.5M | 530.7M | 557.3M | |
Property Plant And Equipment Net | 23.7M | 58.0M | 396.3M | 435.9M | 229.5M | 182.0M | |
Net Debt | 11.2M | 9.3M | 64.9M | 9.5M | 19.2M | 17.5M | |
Retained Earnings | 436.8K | (1.3M) | 39.2M | 157.7M | 194.7M | 204.5M | |
Accounts Payable | 410.6K | 2.1M | 5.0M | 9.2M | 2.8M | 3.1M | |
Cash | 4.6M | 8.9M | 37.2M | 142.4M | 113.7M | 119.4M | |
Non Current Assets Total | 24.2M | 60.8M | 407.9M | 466.7M | 362.8M | 210.1M | |
Non Currrent Assets Other | 500K | 2.3M | 6.9M | 19.7M | 4.0M | 6.5M | |
Other Assets | 500K | 2.8M | 13.9M | 30.8M | 1.0 | 0.95 | |
Long Term Debt | 14.2M | 11.1M | 85.9M | 120.1M | 65.7M | 46.7M | |
Cash And Short Term Investments | 4.6M | 8.9M | 37.2M | 142.4M | 113.7M | 119.4M | |
Net Receivables | 759.4K | 2.9M | (2.1M) | 3.0M | 8.6M | 9.0M | |
Common Stock Shares Outstanding | 26.6K | 677.4K | 8.5M | 9.5M | 22.0M | 23.1M | |
Liabilities And Stockholders Equity | 30.4M | 74.4M | 462.9M | 632.9M | 605.0M | 635.3M | |
Non Current Liabilities Total | 14.2M | 11.1M | 85.9M | 120.1M | 115.3M | 121.0M | |
Inventory | 143.5K | 714.8K | 4.4M | 2.8M | 977.6K | 1.4M | |
Other Current Assets | 902.6K | 1.1M | 15.4M | 19.2M | 119.0M | 125.0M | |
Other Stockholder Equity | 7.6M | 12.8M | 53.6M | 303.7M | 266.5M | 150.2M | |
Total Liab | 17.2M | 22.0M | 120.0M | 171.4M | 143.9M | 74.6M | |
Deferred Long Term Liab | 500K | 2.1M | 4.9M | 8.0M | 9.2M | 9.6M | |
Net Invested Capital | 29.0M | 70.6M | 445.0M | 613.3M | 544.6M | 571.8M | |
Property Plant And Equipment Gross | 23.7M | 58.0M | 396.3M | 435.9M | 262.1M | 187.1M | |
Short Long Term Debt | 1.5M | 7.1M | 16.1M | 31.8M | 17.7M | 11.7M | |
Total Current Assets | 6.2M | 13.6M | 55.0M | 166.2M | 242.3M | 254.4M | |
Net Working Capital | 3.2M | 2.7M | 21.0M | 114.9M | 213.7M | 224.4M | |
Short Term Debt | 1.5M | 7.1M | 16.1M | 31.8M | 17.7M | 11.7M | |
Property Plant Equipment | 23.7M | 58.0M | 394.0M | 435.9M | 501.3M | 526.3M |
Pair Trading with Castor Maritime
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 Castor Maritime 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 Castor Maritime will appreciate offsetting losses from the drop in the long position's value.Moving against Castor Stock
0.92 | KEX | Kirby Earnings Call Tomorrow | PairCorr |
0.87 | EGLE | Eagle Bulk Shipping Earnings Call Next Week | PairCorr |
0.82 | SB-PD | Safe Bulkers | PairCorr |
0.82 | NMM | Navios Maritime Partners Financial Report 28th of May 2024 | PairCorr |
0.8 | SB-PC | Safe Bulkers | PairCorr |
The ability to find closely correlated positions to Castor Maritime could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Castor Maritime 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 Castor Maritime - 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 Castor Maritime to buy it.
The correlation of Castor Maritime 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 Castor Maritime moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Castor Maritime 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 Castor Maritime 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 Castor Maritime. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. To learn how to invest in Castor Stock, please use our How to Invest in Castor Maritime guide.You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
Complementary Tools for Castor Stock analysis
When running Castor Maritime's price analysis, check to measure Castor Maritime'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 Castor Maritime is operating at the current time. Most of Castor Maritime's value examination focuses on studying past and present price action to predict the probability of Castor Maritime's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Castor Maritime's price. Additionally, you may evaluate how the addition of Castor Maritime to your portfolios can decrease your overall portfolio volatility.
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Is Castor Maritime'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 Castor Maritime. If investors know Castor 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 Castor Maritime 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 (0.69) | Earnings Share 1 | Revenue Per Share 10.189 | Quarterly Revenue Growth (0.16) | Return On Assets 0.0158 |
The market value of Castor Maritime is measured differently than its book value, which is the value of Castor that is recorded on the company's balance sheet. Investors also form their own opinion of Castor Maritime's value that differs from its market value or its book value, called intrinsic value, which is Castor Maritime'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 Castor Maritime's market value can be influenced by many factors that don't directly affect Castor Maritime'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 Castor Maritime's value and its price as these two are different measures arrived at by different means. Investors typically determine if Castor Maritime is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Castor Maritime'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.