Centerra Property Plant Equipment vs Total Current Assets Analysis

CGAU Stock

USD 6.79 0.01 0.15%

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

For more information on how to buy Centerra Stock please use our How to Invest in Centerra Gold guide.

Property Plant Equipment vs Total Current Assets

Property Plant Equipment vs Total Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Centerra Gold Property Plant Equipment account and Total Current Assets. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Centerra Gold's Property Plant Equipment and Total Current Assets is -0.17. Overlapping area represents the amount of variation of Property Plant Equipment that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Centerra Gold, assuming nothing else is changed. The correlation between historical values of Centerra Gold's Property Plant Equipment and Total Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant Equipment of Centerra Gold are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Property Plant Equipment i.e., Centerra Gold's Property Plant Equipment and Total Current Assets go up and down completely randomly.

Correlation Coefficient

-0.17

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Property Plant Equipment

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

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

For more information on how to buy Centerra Stock please use our How to Invest in Centerra Gold guide.At this time, Centerra Gold's Tax Provision is comparatively stable compared to the past year. Issuance Of Capital Stock is likely to gain to about 4.4 M in 2024, whereas Enterprise Value Over EBITDA is likely to drop 2.74 in 2024.

	2021	2022	2023	2024 (projected)
Total Revenue	900.1M	850.2M	1.1B	870.2M
Depreciation And Amortization	126.4M	103.4M	141.2M	159.6M

Total Revenue Depreciation And Amortization

Centerra Gold fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Accounts Payable	Non Currrent Assets Other	Other Assets	Short Term Investments	Current Deferred Revenue
Total Assets		0.29	0.09	0.83	0.98	0.94	-0.15	0.94	0.39	0.95	0.2	0.43	0.79	0.85	0.74	0.15	-0.16	0.89	0.79	-0.39	0.97	0.69	0.08	0.54	-0.4	0.49
Short Long Term Debt Total	0.29		-0.22	0.26	0.18	0.4	0.71	0.12	-0.35	0.38	-0.43	-0.29	0.12	0.55	0.41	0.79	-0.08	0.49	0.03	0.42	0.24	0.0	-0.13	0.15	-0.16	0.22
Other Current Liab	0.09	-0.22		0.23	0.05	0.17	-0.28	-0.03	0.11	0.19	0.0	0.02	-0.04	0.12	-0.12	-0.13	-0.1	0.17	-0.12	-0.53	0.18	0.28	-0.31	-0.6	-0.31	-0.46
Total Current Liabilities	0.83	0.26	0.23		0.75	0.84	-0.18	0.67	0.45	0.83	0.16	0.43	0.59	0.74	0.52	0.07	-0.38	0.87	0.56	-0.34	0.8	0.74	-0.01	0.24	-0.59	0.45
Total Stockholder Equity	0.98	0.18	0.05	0.75		0.86	-0.22	0.98	0.41	0.88	0.29	0.46	0.79	0.73	0.75	0.04	-0.06	0.78	0.86	-0.35	0.96	0.65	0.12	0.6	-0.25	0.45
Property Plant And Equipment Net	0.94	0.4	0.17	0.84	0.86		0.05	0.82	0.19	1.0	-0.09	0.32	0.8	0.92	0.75	0.17	-0.25	0.95	0.53	-0.48	0.87	0.76	0.03	0.41	-0.58	0.43
Net Debt	-0.15	0.71	-0.28	-0.18	-0.22	0.05		-0.19	-0.88	0.03	-0.84	-0.35	-0.15	0.1	0.36	0.49	0.05	0.02	-0.45	0.43	-0.24	-0.1	0.1	-0.05	0.07	-0.2
Retained Earnings	0.94	0.12	-0.03	0.67	0.98	0.82	-0.19		0.36	0.83	0.27	0.42	0.79	0.65	0.76	-0.05	-0.01	0.69	0.84	-0.31	0.88	0.61	0.12	0.62	-0.17	0.44
Cash	0.39	-0.35	0.11	0.45	0.41	0.19	-0.88	0.36		0.2	0.89	0.34	0.26	0.21	-0.22	-0.21	-0.17	0.29	0.63	-0.29	0.44	0.15	-0.21	0.27	-0.19	0.45
Non Current Assets Total	0.95	0.38	0.19	0.83	0.88	1.0	0.03	0.83	0.2		-0.07	0.36	0.8	0.91	0.75	0.17	-0.22	0.94	0.55	-0.48	0.89	0.75	0.06	0.42	-0.57	0.43
Cash And Short Term Investments	0.2	-0.43	0.0	0.16	0.29	-0.09	-0.84	0.27	0.89	-0.07		0.23	0.04	-0.1	-0.3	-0.27	0.16	-0.02	0.64	-0.01	0.28	-0.08	-0.16	0.27	0.28	0.29
Net Receivables	0.43	-0.29	0.02	0.43	0.46	0.32	-0.35	0.42	0.34	0.36	0.23		0.37	0.19	0.3	-0.18	-0.12	0.28	0.43	-0.38	0.48	0.48	0.57	0.37	-0.23	0.23
Common Stock Shares Outstanding	0.79	0.12	-0.04	0.59	0.79	0.8	-0.15	0.79	0.26	0.8	0.04	0.37		0.66	0.64	-0.14	-0.2	0.67	0.53	-0.47	0.75	0.55	0.21	0.61	-0.46	0.62
Non Current Liabilities Total	0.85	0.55	0.12	0.74	0.73	0.92	0.1	0.65	0.21	0.91	-0.1	0.19	0.66		0.6	0.43	-0.29	0.98	0.47	-0.43	0.79	0.59	-0.04	0.33	-0.63	0.49
Inventory	0.74	0.41	-0.12	0.52	0.75	0.75	0.36	0.76	-0.22	0.75	-0.3	0.3	0.64	0.6		0.16	-0.17	0.61	0.51	-0.12	0.7	0.53	0.37	0.47	-0.18	0.23
Other Current Assets	0.15	0.79	-0.13	0.07	0.04	0.17	0.49	-0.05	-0.21	0.17	-0.27	-0.18	-0.14	0.43	0.16		-0.04	0.34	0.06	0.3	0.18	0.0	-0.2	-0.02	-0.14	-0.02
Other Stockholder Equity	-0.16	-0.08	-0.1	-0.38	-0.06	-0.25	0.05	-0.01	-0.17	-0.22	0.16	-0.12	-0.2	-0.29	-0.17	-0.04		-0.34	0.0	0.26	-0.15	-0.1	0.13	0.03	0.7	-0.13
Total Liab	0.89	0.49	0.17	0.87	0.78	0.95	0.02	0.69	0.29	0.94	-0.02	0.28	0.67	0.98	0.61	0.34	-0.34		0.52	-0.43	0.84	0.67	-0.04	0.32	-0.65	0.5
Total Current Assets	0.79	0.03	-0.12	0.56	0.86	0.53	-0.45	0.84	0.63	0.55	0.64	0.43	0.53	0.47	0.51	0.06	0.0	0.52		-0.11	0.81	0.36	0.08	0.59	0.04	0.46
Short Term Debt	-0.39	0.42	-0.53	-0.34	-0.35	-0.48	0.43	-0.31	-0.29	-0.48	-0.01	-0.38	-0.47	-0.43	-0.12	0.3	0.26	-0.43	-0.11		-0.38	-0.61	-0.03	0.03	0.61	-0.03
Common Stock	0.97	0.24	0.18	0.8	0.96	0.87	-0.24	0.88	0.44	0.89	0.28	0.48	0.75	0.79	0.7	0.18	-0.15	0.84	0.81	-0.38		0.65	0.12	0.5	-0.36	0.42
Accounts Payable	0.69	0.0	0.28	0.74	0.65	0.76	-0.1	0.61	0.15	0.75	-0.08	0.48	0.55	0.59	0.53	0.0	-0.1	0.67	0.36	-0.61	0.65		0.08	0.15	-0.49	0.11
Non Currrent Assets Other	0.08	-0.13	-0.31	-0.01	0.12	0.03	0.1	0.12	-0.21	0.06	-0.16	0.57	0.21	-0.04	0.37	-0.2	0.13	-0.04	0.08	-0.03	0.12	0.08		0.3	0.09	0.29
Other Assets	0.54	0.15	-0.6	0.24	0.6	0.41	-0.05	0.62	0.27	0.42	0.27	0.37	0.61	0.33	0.47	-0.02	0.03	0.32	0.59	0.03	0.5	0.15	0.3		0.07	0.55
Short Term Investments	-0.4	-0.16	-0.31	-0.59	-0.25	-0.58	0.07	-0.17	-0.19	-0.57	0.28	-0.23	-0.46	-0.63	-0.18	-0.14	0.7	-0.65	0.04	0.61	-0.36	-0.49	0.09	0.07		-0.29
Current Deferred Revenue	0.49	0.22	-0.46	0.45	0.45	0.43	-0.2	0.44	0.45	0.43	0.29	0.23	0.62	0.49	0.23	-0.02	-0.13	0.5	0.46	-0.03	0.42	0.11	0.29	0.55	-0.29

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Centerra Gold Account Relationship Matchups

Centerra Gold fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.7B	3.1B	2.7B	2.3B	2.3B	1.9B
Short Long Term Debt Total	92.6M	18.9M	20.2M	14.0M	24.1M	22.9M
Other Current Liab	389K	11.9M	3.0M	57.9M	149.3M	156.8M
Total Current Liabilities	244.8M	257.8M	227.4M	274.9M	295.9M	174.4M
Total Stockholder Equity	2.1B	2.5B	2.0B	1.8B	1.7B	1.5B
Property Plant And Equipment Net	1.7B	1.7B	1.3B	1.3B	1.2B	934.7M
Net Debt	49.9M	(526.3M)	(927.0M)	(517.9M)	(585.7M)	(556.4M)
Retained Earnings	1.1B	1.4B	1.0B	897.6M	767.4M	704.2M
Cash	42.7M	545.2M	947.2M	531.9M	609.8M	327.5M
Non Current Assets Total	1.8B	1.8B	1.4B	1.3B	1.3B	1.1B
Cash And Short Term Investments	42.7M	548.7M	949.4M	531.9M	612.6M	394.4M
Net Receivables	90.4M	66.1M	76.8M	92.2M	70.4M	59.6M
Common Stock Shares Outstanding	293.0M	297.4M	296.6M	265.1M	217.2M	269.7M
Liabilities And Stockholders Equity	2.7B	3.1B	2.7B	2.3B	2.3B	1.9B
Non Current Liabilities Total	391M	412.2M	405.6M	250.8M	348.4M	202.4M
Inventory	774.1M	580.6M	221.2M	316.8M	256.0M	330.2M
Other Current Assets	5.2M	410K	1.2M	49.8M	22.1M	32.3M
Other Stockholder Equity	26.3M	30.6M	30.8M	29.6M	33.7M	32.0M
Total Liab	635.8M	670.0M	633.0M	525.6M	644.3M	376.8M
Total Current Assets	932.7M	1.4B	1.3B	990.7M	961.1M	833.0M
Short Term Debt	4.3M	4.6M	6.1M	5.2M	6.1M	5.8M
Common Stock	960.4M	975.1M	984.1M	886.5M	857.1M	848.5M
Accounts Payable	166.2M	155.6M	67.0M	199.4M	131.0M	90.4M
Non Currrent Assets Other	97.1M	12.9M	31.7M	10.6M	13.9M	24.4M
Other Assets	90.6M	99.5M	77.1M	133.4M	72.5M	0.95
Accumulated Other Comprehensive Income	(752K)	11.6M	6.8M	(3.3M)	7.4M	11.8M
Short Term Investments	1.8M	3.5M	2.2M	830K	2.8M	2.7M
Current Deferred Revenue	73.9M	85.7M	151.2M	12.3M	9.5M	9.0M
Other Liab	302.7M	397.8M	391.5M	242.0M	278.3M	324.8M
Net Tangible Assets	2.1B	2.5B	2.0B	1.8B	1.6B	1.7B
Capital Lease Obligations	22.6M	18.9M	20.2M	14.0M	24.2M	15.7M
Net Invested Capital	2.1B	2.5B	2.0B	1.8B	1.7B	1.7B
Net Working Capital	687.9M	1.1B	1.0B	715.8M	668.6M	861.8M
Property Plant Equipment	1.7B	1.7B	1.3B	1.3B	1.1B	1.3B
Capital Stock	960.4M	975.1M	984.1M	886.5M	861.5M	748.9M

Pair Trading with Centerra Gold

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 Centerra Gold 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 Centerra Gold will appreciate offsetting losses from the drop in the long position's value.

Moving together with Centerra Stock

0.91	AA	Alcoa Corp Financial Report 17th of July 2024	Pair Corr
0.65	AU	AngloGold Ashanti plc Financial Report 28th of June 2024	Pair Corr

Moving against Centerra Stock

0.84	BAK	Braskem SA Class	Pair Corr
0.78	CLF	Cleveland Cliffs	Pair Corr
0.69	RS	Reliance Steel Aluminum	Pair Corr
0.68	X	United States Steel	Pair Corr
0.66	CE	Celanese	Pair Corr

The ability to find closely correlated positions to Centerra Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Centerra Gold 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 Centerra Gold - 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 Centerra Gold to buy it.

The correlation of Centerra Gold 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 Centerra Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Centerra Gold 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 Centerra Gold 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.

Pair Correlation Correlation Matching

Additional Tools for Centerra Stock Analysis

When running Centerra Gold's price analysis, check to measure Centerra Gold'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 Centerra Gold is operating at the current time. Most of Centerra Gold's value examination focuses on studying past and present price action to predict the probability of Centerra Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Centerra Gold's price. Additionally, you may evaluate how the addition of Centerra Gold to your portfolios can decrease your overall portfolio volatility.

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