Kintara Common Stock Total Equity vs Cash And Short Term Investments Analysis

KTRA Stock  USD 0.17  0.01  6.25%   
Kintara Therapeutics financial indicator trend analysis is infinitely more than just investigating Kintara Therapeutics recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Kintara Therapeutics is a good investment. Please check the relationship between Kintara Therapeutics Common Stock Total Equity and its Cash And Short Term Investments accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kintara Therapeutics. 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.
For information on how to trade Kintara Stock refer to our How to Trade Kintara Stock guide.

Common Stock Total Equity vs Cash And Short Term Investments

Common Stock Total Equity vs Cash And Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Kintara Therapeutics Common Stock Total Equity account and Cash And Short Term Investments. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Kintara Therapeutics' Common Stock Total Equity and Cash And Short Term Investments is -0.14. Overlapping area represents the amount of variation of Common Stock Total Equity that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Kintara Therapeutics, assuming nothing else is changed. The correlation between historical values of Kintara Therapeutics' Common Stock Total Equity and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock Total Equity of Kintara Therapeutics are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Common Stock Total Equity i.e., Kintara Therapeutics' Common Stock Total Equity and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

-0.14
Relationship DirectionNegative 
Relationship StrengthInsignificant

Common Stock Total Equity

The total value of common stock equity held by shareholders, representing their ownership interest in the company.

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Kintara Therapeutics balance sheet. This account contains Kintara Therapeutics investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Kintara Therapeutics fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.
Most indicators from Kintara Therapeutics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Kintara Therapeutics 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 Kintara Therapeutics. 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.
For information on how to trade Kintara Stock refer to our How to Trade Kintara Stock guide.At present, Kintara Therapeutics' Enterprise Value Over EBITDA is projected to increase significantly based on the last few years of reporting. The current year's Enterprise Value Multiple is expected to grow to 0.0005, whereas Selling General Administrative is forecasted to decline to about 4.7 M.
 2021 2023 2024 (projected)
Research Development15.2M8.4M8.0M
Depreciation And Amortization60K69K72.5K

Kintara Therapeutics fundamental ratios Correlations

0.560.92-0.95-0.540.520.950.95-0.16-0.02-0.20.480.370.990.610.710.630.010.79-0.510.120.82-0.05-0.51-0.030.42
0.560.41-0.31-0.960.990.320.320.17-0.13-0.410.950.310.510.080.830.82-0.50.64-0.8-0.630.710.49-0.86-0.76-0.46
0.920.41-0.93-0.380.380.920.92-0.18-0.23-0.440.30.020.920.490.560.510.190.78-0.480.280.72-0.19-0.460.120.53
-0.95-0.31-0.930.28-0.26-1.0-1.00.130.010.07-0.19-0.31-0.96-0.64-0.47-0.51-0.28-0.650.36-0.38-0.660.290.35-0.23-0.59
-0.54-0.96-0.380.28-0.97-0.29-0.29-0.030.060.4-0.98-0.36-0.48-0.04-0.85-0.720.47-0.60.730.73-0.72-0.490.790.830.44
0.520.990.38-0.26-0.970.270.270.11-0.14-0.440.970.280.480.020.820.76-0.550.63-0.8-0.670.680.54-0.85-0.79-0.49
0.950.320.92-1.0-0.290.271.0-0.140.01-0.050.20.340.960.650.470.510.260.65-0.360.360.66-0.27-0.350.220.58
0.950.320.92-1.0-0.290.271.0-0.140.01-0.050.20.340.960.650.470.510.260.65-0.360.360.66-0.27-0.350.220.58
-0.160.17-0.180.13-0.030.11-0.14-0.14-0.090.15-0.010.03-0.17-0.08-0.180.480.1-0.16-0.18-0.1-0.13-0.1-0.22-0.14-0.39
-0.02-0.13-0.230.010.06-0.140.010.01-0.090.58-0.060.56-0.020.21-0.01-0.070.01-0.20.23-0.03-0.020.030.220.030.05
-0.2-0.41-0.440.070.4-0.44-0.05-0.050.150.58-0.40.65-0.160.29-0.39-0.140.22-0.520.460.22-0.33-0.220.440.30.07
0.480.950.3-0.19-0.980.970.20.2-0.01-0.06-0.40.330.42-0.020.840.66-0.640.57-0.7-0.770.670.63-0.76-0.85-0.49
0.370.310.02-0.31-0.360.280.340.340.030.560.650.330.360.520.370.4-0.050.12-0.08-0.210.360.17-0.12-0.21-0.04
0.990.510.92-0.96-0.480.480.960.96-0.17-0.02-0.160.420.360.580.630.580.030.78-0.510.170.75-0.08-0.50.020.43
0.610.080.49-0.64-0.040.020.650.65-0.080.210.29-0.020.520.580.40.370.310.410.160.430.59-0.310.140.40.66
0.710.830.56-0.47-0.850.820.470.47-0.18-0.01-0.390.840.370.630.40.68-0.390.68-0.49-0.430.940.39-0.55-0.51-0.02
0.630.820.51-0.51-0.720.760.510.510.48-0.07-0.140.660.40.580.370.68-0.10.53-0.64-0.30.740.12-0.71-0.45-0.18
0.01-0.50.19-0.280.47-0.550.260.260.10.010.22-0.64-0.050.030.31-0.39-0.1-0.140.260.62-0.14-0.80.30.610.54
0.790.640.78-0.65-0.60.630.650.65-0.16-0.2-0.520.570.120.780.410.680.53-0.14-0.69-0.030.70.12-0.66-0.190.21
-0.51-0.8-0.480.360.73-0.8-0.36-0.36-0.180.230.46-0.7-0.08-0.510.16-0.49-0.640.26-0.690.37-0.41-0.280.990.570.4
0.12-0.630.28-0.380.73-0.670.360.36-0.1-0.030.22-0.77-0.210.170.43-0.43-0.30.62-0.030.37-0.19-0.650.440.970.79
0.820.710.72-0.66-0.720.680.660.66-0.13-0.02-0.330.670.360.750.590.940.74-0.140.7-0.41-0.190.16-0.47-0.290.24
-0.050.49-0.190.29-0.490.54-0.27-0.27-0.10.03-0.220.630.17-0.08-0.310.390.12-0.80.12-0.28-0.650.16-0.31-0.64-0.54
-0.51-0.86-0.460.350.79-0.85-0.35-0.35-0.220.220.44-0.76-0.12-0.50.14-0.55-0.710.3-0.660.990.44-0.47-0.310.640.45
-0.03-0.760.12-0.230.83-0.790.220.22-0.140.030.3-0.85-0.210.020.4-0.51-0.450.61-0.190.570.97-0.29-0.640.640.79
0.42-0.460.53-0.590.44-0.490.580.58-0.390.050.07-0.49-0.040.430.66-0.02-0.180.540.210.40.790.24-0.540.450.79
Click cells to compare fundamentals

Kintara Therapeutics Account Relationship Matchups

Kintara Therapeutics fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.9M13.5M15.9M4.0M4.6M5.8M
Total Current Liabilities2.7M2.8M4.0M3.1M3.5M3.7M
Total Stockholder Equity263.2K10.6M11.8M731K840.7K798.6K
Net Debt(2.4M)(10.5M)(11.8M)(1.5M)(1.4M)(1.5M)
Retained Earnings(69.7M)(111.2M)(136.4M)(151.4M)(136.2M)(129.4M)
Accounts Payable2.0M2.2M3.3M2.8M3.2M3.4M
Cash2.4M10.5M11.8M1.5M1.8M1.7M
Cash And Short Term Investments2.4M10.5M11.8M1.5M1.8M1.7M
Common Stock Total Equity23.0K3.8K8.6M33K38.0K36.1K
Common Stock Shares Outstanding208.9K517.7K974K1.6M1.5M777.4K
Liabilities And Stockholders Equity2.9M13.5M15.9M4.0M4.6M5.8M
Non Current Liabilities Total2.0M182K163K166K149.4K141.9K
Other Stockholder Equity65.1M106.8M135.5M141.4M162.7M170.8M
Total Liab2.7M3.0M4.2M3.2M3.7M2.3M
Total Current Assets2.9M11.8M13.3M3.3M3.8M5.4M
Common Stock11.5K33K66K2K2.3K2.2K
Net Receivables9.4K756K1.5M660K759K797.0K
Other Current Liab663.9K561K721K298K342.7K310.2K
Other Current Assets355.6K1.3M1.5M660K759K812.1K
Net Tangible Assets(4.5M)(4.4M)(759K)(9.9M)(8.9M)(8.5M)
Non Current Assets Total87.1K1.8M2.7M709K815.4K736.0K
Net Invested Capital(4.5M)(4.4M)(759K)(9.9M)(8.9M)(8.5M)
Net Working Capital176.2K9.0M9.3M188K169.2K160.7K
Capital Stock4.8M15.0M12.6M10.6M12.2M10.6M

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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When determining whether Kintara Therapeutics offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Kintara Therapeutics' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Kintara Therapeutics Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Kintara Therapeutics Stock:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kintara Therapeutics. 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.
For information on how to trade Kintara Stock refer to our How to Trade Kintara Stock guide.
You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.

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Is Kintara Therapeutics' 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 Kintara Therapeutics. If investors know Kintara 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 Kintara Therapeutics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(5.22)
Return On Assets
(1.13)
Return On Equity
(3.29)
The market value of Kintara Therapeutics is measured differently than its book value, which is the value of Kintara that is recorded on the company's balance sheet. Investors also form their own opinion of Kintara Therapeutics' value that differs from its market value or its book value, called intrinsic value, which is Kintara Therapeutics' 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 Kintara Therapeutics' market value can be influenced by many factors that don't directly affect Kintara Therapeutics' 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 Kintara Therapeutics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Kintara Therapeutics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Kintara Therapeutics' 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.