Argo Cash vs Common Stock Total Equity Analysis

ARBK Stock

USD 0.70 0.07 9.09%

Argo Blockchain financial indicator trend analysis is way more than just evaluating Argo Blockchain PLC prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Argo Blockchain PLC is a good investment. Please check the relationship between Argo Blockchain Cash and its Common Stock Total Equity accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Argo Blockchain PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Cash vs Common Stock Total Equity

Cash vs Common Stock Total Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Argo Blockchain PLC Cash account and Common Stock Total Equity. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Argo Blockchain's Cash and Common Stock Total Equity is -0.51. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Common Stock Total Equity in the same time period over historical financial statements of Argo Blockchain PLC, assuming nothing else is changed. The correlation between historical values of Argo Blockchain's Cash and Common Stock Total Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of Argo Blockchain PLC are associated (or correlated) with its Common Stock Total Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Total Equity has no effect on the direction of Cash i.e., Argo Blockchain's Cash and Common Stock Total Equity go up and down completely randomly.

Correlation Coefficient

-0.51

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Cash

Cash refers to the most liquid asset of Argo Blockchain PLC, which is listed under current asset account on Argo Blockchain PLC balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Argo Blockchain customers. The amounts must be unrestricted with restricted cash listed in a different Argo Blockchain account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

Common Stock Total Equity

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

Most indicators from Argo Blockchain's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Argo Blockchain PLC 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 Argo Blockchain PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

At this time, Argo Blockchain's Tax Provision is quite stable compared to the past year. Selling General Administrative is expected to rise to about 8.4 M this year, although Enterprise Value Multiple is projected to rise to (72.38).

	2023	2024 (projected)
Depreciation And Amortization	20.5M	14.2M
Interest Income	1.3K	1.2K

Depreciation And Amortization Interest Income

Argo Blockchain fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital	Total Current Assets	Capital Stock	Net Working Capital	Intangible Assets	Common Stock	Property Plant Equipment	Short Long Term Debt Total
Total Assets		0.84	0.97	0.9	0.92	0.95	0.69	0.09	-0.14	0.95	0.99	0.89	0.03	0.26	0.41	1.0	0.72	0.84	1.0	0.93	0.46	0.74	0.96	0.51	0.86	0.76
Other Current Liab	0.84		0.94	0.58	0.63	0.94	0.9	-0.38	-0.3	0.95	0.82	0.6	-0.42	0.69	0.66	0.84	0.95	0.98	0.87	0.66	0.86	0.36	0.73	0.87	0.98	0.96
Total Current Liabilities	0.97	0.94		0.79	0.83	0.99	0.82	-0.1	-0.27	0.99	0.95	0.78	-0.18	0.46	0.51	0.97	0.84	0.93	0.98	0.84	0.65	0.59	0.89	0.69	0.95	0.87
Total Stockholder Equity	0.9	0.58	0.79		1.0	0.74	0.32	0.51	0.05	0.74	0.92	0.98	0.46	-0.11	0.15	0.91	0.41	0.56	0.87	0.99	0.11	0.94	0.97	0.21	0.6	0.43
Net Tangible Assets	0.92	0.63	0.83	1.0		0.78	0.37	0.46	0.02	0.77	0.94	0.98	0.4	-0.04	0.19	0.93	0.46	0.6	0.9	0.99	0.17	0.93	0.97	0.27	0.65	0.48
Property Plant And Equipment Net	0.95	0.94	0.99	0.74	0.78		0.87	-0.16	-0.32	1.0	0.91	0.72	-0.25	0.48	0.53	0.93	0.87	0.96	0.96	0.79	0.67	0.52	0.86	0.69	0.97	0.91
Net Debt	0.69	0.9	0.82	0.32	0.37	0.87		-0.59	-0.55	0.88	0.63	0.3	-0.69	0.77	0.61	0.66	0.9	0.93	0.72	0.39	0.86	0.04	0.5	0.83	0.93	0.96
Retained Earnings	0.09	-0.38	-0.1	0.51	0.46	-0.16	-0.59		0.3	-0.17	0.15	0.46	0.96	-0.79	-0.5	0.12	-0.54	-0.39	0.04	0.4	-0.73	0.66	0.3	-0.62	-0.34	-0.53
Cash	-0.14	-0.3	-0.27	0.05	0.02	-0.32	-0.55	0.3		-0.36	-0.15	0.22	0.52	-0.51	0.11	-0.13	-0.21	-0.3	-0.13	0.12	-0.38	0.36	0.04	-0.43	-0.36	-0.32
Non Current Assets Total	0.95	0.95	0.99	0.74	0.77	1.0	0.88	-0.17	-0.36		0.91	0.71	-0.26	0.51	0.52	0.93	0.86	0.95	0.96	0.78	0.69	0.51	0.85	0.71	0.97	0.91
Non Currrent Assets Other	0.99	0.82	0.95	0.92	0.94	0.91	0.63	0.15	-0.15	0.91		0.9	0.09	0.25	0.32	1.0	0.66	0.78	0.98	0.94	0.43	0.77	0.95	0.52	0.82	0.69
Cash And Short Term Investments	0.89	0.6	0.78	0.98	0.98	0.72	0.3	0.46	0.22	0.71	0.9		0.45	-0.1	0.27	0.9	0.45	0.57	0.87	0.99	0.14	0.96	0.97	0.21	0.6	0.45
Net Receivables	0.03	-0.42	-0.18	0.46	0.4	-0.25	-0.69	0.96	0.52	-0.26	0.09	0.45		-0.85	-0.49	0.06	-0.54	-0.45	-0.02	0.37	-0.75	0.67	0.27	-0.67	-0.41	-0.57
Common Stock Total Equity	0.26	0.69	0.46	-0.11	-0.04	0.48	0.77	-0.79	-0.51	0.51	0.25	-0.1	-0.85		0.62	0.26	0.67	0.62	0.3	-0.02	0.92	-0.34	0.03	0.93	0.62	0.7
Common Stock Shares Outstanding	0.41	0.66	0.51	0.15	0.19	0.53	0.61	-0.5	0.11	0.52	0.32	0.27	-0.49	0.62		0.38	0.71	0.68	0.45	0.28	0.73	0.08	0.32	0.66	0.63	0.74
Other Current Assets	1.0	0.84	0.97	0.91	0.93	0.93	0.66	0.12	-0.13	0.93	1.0	0.9	0.06	0.26	0.38		0.7	0.82	0.99	0.94	0.45	0.76	0.96	0.52	0.85	0.73
Other Stockholder Equity	0.72	0.95	0.84	0.41	0.46	0.87	0.9	-0.54	-0.21	0.86	0.66	0.45	-0.54	0.67	0.71	0.7		0.97	0.77	0.52	0.89	0.22	0.61	0.83	0.95	0.98
Total Liab	0.84	0.98	0.93	0.56	0.6	0.96	0.93	-0.39	-0.3	0.95	0.78	0.57	-0.45	0.62	0.68	0.82	0.97		0.87	0.64	0.82	0.34	0.73	0.79	0.99	0.99
Net Invested Capital	1.0	0.87	0.98	0.87	0.9	0.96	0.72	0.04	-0.13	0.96	0.98	0.87	-0.02	0.3	0.45	0.99	0.77	0.87		0.92	0.51	0.72	0.95	0.55	0.89	0.79
Total Current Assets	0.93	0.66	0.84	0.99	0.99	0.79	0.39	0.4	0.12	0.78	0.94	0.99	0.37	-0.02	0.28	0.94	0.52	0.64	0.92		0.22	0.93	0.99	0.29	0.67	0.52
Capital Stock	0.46	0.86	0.65	0.11	0.17	0.67	0.86	-0.73	-0.38	0.69	0.43	0.14	-0.75	0.92	0.73	0.45	0.89	0.82	0.51	0.22		-0.11	0.29	0.97	0.82	0.88
Net Working Capital	0.74	0.36	0.59	0.94	0.93	0.52	0.04	0.66	0.36	0.51	0.77	0.96	0.67	-0.34	0.08	0.76	0.22	0.34	0.72	0.93	-0.11		0.88	-0.03	0.37	0.2
Intangible Assets	0.96	0.73	0.89	0.97	0.97	0.86	0.5	0.3	0.04	0.85	0.95	0.97	0.27	0.03	0.32	0.96	0.61	0.73	0.95	0.99	0.29	0.88		0.34	0.75	0.62
Common Stock	0.51	0.87	0.69	0.21	0.27	0.69	0.83	-0.62	-0.43	0.71	0.52	0.21	-0.67	0.93	0.66	0.52	0.83	0.79	0.55	0.29	0.97	-0.03	0.34		0.81	0.83
Property Plant Equipment	0.86	0.98	0.95	0.6	0.65	0.97	0.93	-0.34	-0.36	0.97	0.82	0.6	-0.41	0.62	0.63	0.85	0.95	0.99	0.89	0.67	0.82	0.37	0.75	0.81		0.97
Short Long Term Debt Total	0.76	0.96	0.87	0.43	0.48	0.91	0.96	-0.53	-0.32	0.91	0.69	0.45	-0.57	0.7	0.74	0.73	0.98	0.99	0.79	0.52	0.88	0.2	0.62	0.83	0.97

Click cells to compare fundamentals

Argo Blockchain Account Relationship Matchups

Argo Blockchain fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	32.4M	44.5M	388.3M	91.4M	75.9M	121.0M
Other Current Liab	576.1K	568.4K	11.3M	5.2M	8.8M	4.9M
Total Current Liabilities	5.2M	6.0M	73.8M	20.1M	27.6M	24.4M
Total Stockholder Equity	27.2M	33.2M	272.4M	11.4M	156.7K	148.8K
Net Tangible Assets	20.3M	24.0M	201.5M	9.7M	11.1M	10.6M
Property Plant And Equipment Net	20.2M	24.4M	151.1M	64.3M	59.2M	59.1M
Net Debt	1.2M	7.4M	57.0M	46.3M	55.1M	57.8M
Retained Earnings	(6.5M)	29.9M	71.3M	(141.4M)	(190.7M)	(181.2M)
Cash	211.5K	2.8M	15.9M	16.7M	7.4M	8.5M
Non Current Assets Total	28.1M	32.4M	177.9M	68.7M	77.1M	71.2M
Non Currrent Assets Other	6.8M	(1.16)	109.0M	2.6M	17.0M	24.8M
Cash And Short Term Investments	1.6M	9.1M	124.9M	17.0M	7.8M	7.4M
Net Receivables	1.8M	1.7M	2.7M	683K	(1.0)	(0.95)
Common Stock Shares Outstanding	29.4M	344.6M	415.2M	473.9M	503.9M	377.8M
Liabilities And Stockholders Equity	32.4M	44.5M	388.3M	91.4M	75.9M	121.0M
Non Current Liabilities Total	4.7M	5.3M	42.1M	59.9M	48.2M	29.4M
Other Current Assets	1.0M	472.4K	47.4M	5.0M	7.1M	11.2M
Other Stockholder Equity	33.3M	2.8M	200.1M	184.3M	190.0M	117.8M
Total Liab	5.2M	11.3M	115.9M	80.0M	75.8M	52.9M
Net Invested Capital	21.8M	24.4M	255.5M	73.9M	62.7M	84.3M
Total Current Assets	4.3M	12.1M	210.4M	22.7M	14.9M	14.2M
Net Working Capital	(699.1K)	4.5M	101.2M	2.5M	(12.7M)	(12.0M)
Intangible Assets	631.9K	501.2K	7.5M	1.8M	776K	737.2K
Common Stock	385.2K	413.5K	631.6K	478K	900.0K	583.2K
Property Plant Equipment	15.4M	17.9M	112.0M	64.3M	73.9M	46.6M

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When determining whether Argo Blockchain PLC is a strong investment it is important to analyze Argo Blockchain's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Argo Blockchain's future performance. For an informed investment choice regarding Argo Stock, refer to the following important reports:

How To Invest In Argo

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Is Argo Stock a good investment?

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What is Argo Blockchain's Net Worth?

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Argo Blockchain PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.

Is Asset Management & Custody Banks space 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 Argo Blockchain. If investors know Argo 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 Argo Blockchain 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

(0.94)

Earnings Share

(0.90)

Revenue Per Share

1.01

Quarterly Revenue Growth

(0.03)

Return On Assets

(0.16)

The market value of Argo Blockchain PLC is measured differently than its book value, which is the value of Argo that is recorded on the company's balance sheet. Investors also form their own opinion of Argo Blockchain's value that differs from its market value or its book value, called intrinsic value, which is Argo Blockchain'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 Argo Blockchain's market value can be influenced by many factors that don't directly affect Argo Blockchain'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 Argo Blockchain's value and its price as these two are different measures arrived at by different means. Investors typically determine if Argo Blockchain is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Argo Blockchain'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.

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Argo Cash vs Common Stock Total Equity Analysis

Cash vs Common Stock Total Equity

Cash vs Common Stock Total Equity Correlation Analysis

Correlation Coefficient

Cash

Common Stock Total Equity

Argo Blockchain fundamental ratios Correlations

Argo Blockchain Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Argo Blockchain fundamental ratios Accounts

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Other Current Assets	+ 1.0	Total Assets
Net Invested Capital	+ 1.0	Total Assets
Net Tangible Assets	+ 1.0	Total Stockholder Equity
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Other Current Assets	+ 1.0	Non Currrent Assets Other
Non Currrent Assets Other	+ 0.99	Total Assets

Common Stock Total Equity	- 0.85	Net Receivables
Common Stock Total Equity	- 0.79	Retained Earnings
Capital Stock	- 0.75	Net Receivables
Capital Stock	- 0.73	Retained Earnings
Net Receivables	- 0.69	Net Debt
Common Stock	- 0.67	Net Receivables