Castle Total Liab vs Retained Earnings Analysis
CSTL Stock | USD 24.22 0.14 0.57% |
Castle Biosciences financial indicator trend analysis is way more than just evaluating Castle Biosciences prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Castle Biosciences is a good investment. Please check the relationship between Castle Biosciences Total Liab and its Retained Earnings accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Castle Biosciences. 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. For more information on how to buy Castle Stock please use our How to buy in Castle Stock guide.
Total Liab vs Retained Earnings
Total Liab vs Retained Earnings Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Castle Biosciences Total Liab account and Retained Earnings. At this time, the significance of the direction appears to have pay attention.
The correlation between Castle Biosciences' Total Liab and Retained Earnings is -0.87. Overlapping area represents the amount of variation of Total Liab that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Castle Biosciences, assuming nothing else is changed. The correlation between historical values of Castle Biosciences' Total Liab and Retained Earnings 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 Liab of Castle Biosciences are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Total Liab i.e., Castle Biosciences' Total Liab and Retained Earnings go up and down completely randomly.
Correlation Coefficient | -0.87 |
Relationship Direction | Negative |
Relationship Strength | Significant |
Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.Most indicators from Castle Biosciences' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Castle Biosciences 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 Castle Biosciences. 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. For more information on how to buy Castle Stock please use our How to buy in Castle Stock guide.Tax Provision is expected to rise to about 125 K this year, although the value of Selling General Administrative will most likely fall to about 50.2 M.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 1K | 17K | 11K | 10.5K | Depreciation And Amortization | 3.5M | 14.5M | 12.3M | 12.9M |
Castle Biosciences fundamental ratios Correlations
Click cells to compare fundamentals
Castle Biosciences Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Castle Biosciences fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 119.7M | 439.3M | 462.6M | 447.3M | 477.8M | 311.0M | |
Short Long Term Debt Total | 24.5M | 25.1M | 8.1M | 13.3M | 15.3M | 14.0M | |
Other Current Liab | 7.6M | 12.2M | 21.2M | 29.6M | 36.3M | 38.1M | |
Total Current Liabilities | 15.3M | 20.9M | 24.9M | 36.1M | 47.7M | 24.6M | |
Total Stockholder Equity | 85.1M | 415.7M | 411.7M | 399.2M | 391.3M | 263.8M | |
Other Liab | 55K | 2.8M | 19.0M | 428K | 492.2K | 467.6K | |
Net Tangible Assets | 85.1M | 415.7M | 322.8M | 272.8M | 313.7M | 181.4M | |
Property Plant And Equipment Net | 2.1M | 7.1M | 16.9M | 26.5M | 37.7M | 39.6M | |
Net Debt | (73.7M) | (409.9M) | (321.6M) | (109.6M) | (83.5M) | (87.7M) | |
Retained Earnings | (52.2M) | (62.5M) | (93.8M) | (160.9M) | (218.4M) | (207.5M) | |
Accounts Payable | 1.9M | 2.1M | 2.5M | 4.7M | 10.3M | 10.8M | |
Cash | 98.8M | 409.9M | 329.6M | 122.9M | 98.8M | 167.5M | |
Non Current Assets Total | 3.1M | 9.7M | 108.8M | 155.0M | 182.2M | 191.3M | |
Non Currrent Assets Other | 135K | 1.5M | 3.0M | (25.6M) | 1.4M | 1.5M | |
Other Assets | 1.0M | 2.6M | 3.0M | 2.2M | 2.5M | 2.4M | |
Cash And Short Term Investments | 98.8M | 409.9M | 329.6M | 258.6M | 243.1M | 211.5M | |
Net Receivables | 14.6M | 12.8M | 17.3M | 23.5M | 38.3M | 19.4M | |
Common Stock Shares Outstanding | 8.7M | 18.9M | 25.1M | 26.1M | 26.8M | 19.8M | |
Liabilities And Stockholders Equity | 119.7M | 439.3M | 462.6M | 447.3M | 477.8M | 311.0M | |
Non Current Liabilities Total | 19.3M | 2.8M | 25.9M | 12.1M | 38.9M | 22.6M | |
Inventory | 1.2M | 2.2M | 2.0M | 4.0M | 7.9M | 8.3M | |
Other Current Assets | 2.0M | 4.8M | 4.8M | 6.2M | 6.3M | 4.0M | |
Other Stockholder Equity | 137.3M | 478.2M | 505.5M | 560.4M | 609.5M | 360.5M | |
Total Liab | 34.6M | 23.6M | 50.8M | 48.2M | 86.5M | 47.2M | |
Net Invested Capital | 110.2M | 415.7M | 411.7M | 399.2M | 391.3M | 261.5M | |
Property Plant And Equipment Gross | 2.1M | 7.1M | 16.9M | 26.5M | 45.9M | 48.1M | |
Total Current Assets | 116.7M | 429.6M | 353.7M | 292.3M | 295.6M | 237.7M | |
Accumulated Other Comprehensive Income | (909.4K) | (119.7M) | 0.0 | (381K) | 136K | 142.8K | |
Net Working Capital | 101.4M | 408.7M | 328.9M | 256.2M | 248.0M | 213.1M | |
Common Stock | 1.9K | 17K | 25K | 27K | 31.1K | 19.6K | |
Property Plant Equipment | 2.1M | 7.1M | 16.9M | 26.5M | 30.5M | 32.0M |
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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Castle Biosciences. 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. For more information on how to buy Castle Stock please use our How to buy in Castle Stock guide.You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
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Is Castle Biosciences' 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 Castle Biosciences. If investors know Castle 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 Castle Biosciences 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 (0.93) | Earnings Share (1.13) | Revenue Per Share 9.279 | Quarterly Revenue Growth 0.736 | Return On Assets (0.06) |
The market value of Castle Biosciences is measured differently than its book value, which is the value of Castle that is recorded on the company's balance sheet. Investors also form their own opinion of Castle Biosciences' value that differs from its market value or its book value, called intrinsic value, which is Castle Biosciences' 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 Castle Biosciences' market value can be influenced by many factors that don't directly affect Castle Biosciences' 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 Castle Biosciences' value and its price as these two are different measures arrived at by different means. Investors typically determine if Castle Biosciences is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Castle Biosciences' 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.