Comstock Total Stockholder Equity vs Short Term Debt Analysis

CRK Stock

USD 10.32 0.02 0.19%

Comstock Resources financial indicator trend analysis is way more than just evaluating Comstock Resources prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Comstock Resources is a good investment. Please check the relationship between Comstock Resources Total Stockholder Equity and its Short Term Debt accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Comstock Resources. 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 more information on how to buy Comstock Stock please use our How to buy in Comstock Stock guide.

Total Stockholder Equity vs Short Term Debt

Total Stockholder Equity vs Short Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Comstock Resources Total Stockholder Equity account and Short Term Debt. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Comstock Resources' Total Stockholder Equity and Short Term Debt is -0.47. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Short Term Debt in the same time period over historical financial statements of Comstock Resources, assuming nothing else is changed. The correlation between historical values of Comstock Resources' Total Stockholder Equity and Short Term Debt 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 Stockholder Equity of Comstock Resources are associated (or correlated) with its Short Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Debt has no effect on the direction of Total Stockholder Equity i.e., Comstock Resources' Total Stockholder Equity and Short Term Debt go up and down completely randomly.

Correlation Coefficient

-0.47

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

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.

Short Term Debt

Most indicators from Comstock Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Comstock Resources 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 Comstock Resources. 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 more information on how to buy Comstock Stock please use our How to buy in Comstock Stock guide.At this time, Comstock Resources' Selling General Administrative is quite stable compared to the past year. Enterprise Value is expected to rise to about 1.1 B this year, although the value of Discontinued Operations will most likely fall to about 118.2 M.

	2021	2022	2023	2024 (projected)
Depreciation And Amortization	632.1M	490.0M	607.9M	638.3M
Cost Of Revenue	752.9M	1.3B	1.3B	1.4B

Depreciation And Amortization Cost Of Revenue

Comstock Resources 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	Non Current Assets Total	Non Currrent Assets Other	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Net Receivables	Short Term Debt	Cash	Cash And Short Term Investments	Accounts Payable	Inventory	Common Stock	Common Stock Total Equity	Current Deferred Revenue
Total Assets		0.93	0.04	0.95	0.94	1.0	0.94	0.7	1.0	-0.78	0.92	0.96	0.74	-0.32	0.98	0.99	0.8	0.83	-0.4	-0.2	-0.2	0.95	0.63	0.97	0.96	0.18
Short Long Term Debt Total	0.93		0.13	0.9	0.77	0.92	1.0	0.41	0.93	-0.63	0.9	0.99	0.64	-0.13	0.98	0.89	0.78	0.75	-0.27	0.02	-0.01	0.86	0.6	0.93	0.91	0.22
Other Current Liab	0.04	0.13		-0.04	-0.03	0.06	0.13	-0.09	0.07	0.15	-0.03	0.12	0.14	-0.05	0.09	0.08	-0.28	-0.38	-0.05	-0.22	-0.16	-0.09	-0.15	-0.02	0.02	-0.68
Total Current Liabilities	0.95	0.9	-0.04		0.88	0.93	0.9	0.6	0.94	-0.86	0.95	0.91	0.61	-0.24	0.94	0.95	0.9	0.92	-0.34	-0.07	-0.12	0.97	0.65	0.97	0.96	0.33
Total Stockholder Equity	0.94	0.77	-0.03	0.88		0.95	0.78	0.87	0.95	-0.79	0.82	0.82	0.7	-0.46	0.86	0.95	0.7	0.79	-0.47	-0.38	-0.35	0.9	0.55	0.89	0.89	0.13
Property Plant And Equipment Net	1.0	0.92	0.06	0.93	0.95		0.93	0.71	1.0	-0.75	0.89	0.95	0.74	-0.34	0.97	0.98	0.76	0.8	-0.41	-0.23	-0.23	0.93	0.58	0.95	0.94	0.16
Net Debt	0.94	1.0	0.13	0.9	0.78	0.93		0.43	0.94	-0.63	0.91	0.99	0.66	-0.16	0.99	0.9	0.77	0.75	-0.29	-0.02	-0.05	0.86	0.6	0.93	0.92	0.2
Retained Earnings	0.7	0.41	-0.09	0.6	0.87	0.71	0.43		0.7	-0.65	0.52	0.5	0.63	-0.6	0.54	0.72	0.49	0.55	-0.4	-0.59	-0.51	0.69	0.41	0.59	0.6	-0.04
Non Current Assets Total	1.0	0.93	0.07	0.94	0.95	1.0	0.94	0.7		-0.75	0.91	0.96	0.75	-0.34	0.97	0.98	0.77	0.8	-0.41	-0.23	-0.23	0.93	0.61	0.96	0.95	0.15
Non Currrent Assets Other	-0.78	-0.63	0.15	-0.86	-0.79	-0.75	-0.63	-0.65	-0.75		-0.76	-0.67	-0.56	0.05	-0.71	-0.85	-0.83	-0.83	0.15	0.04	0.09	-0.9	-0.74	-0.77	-0.8	-0.27
Common Stock Shares Outstanding	0.92	0.9	-0.03	0.95	0.82	0.89	0.91	0.52	0.91	-0.76		0.91	0.61	-0.29	0.93	0.9	0.85	0.87	-0.41	-0.07	-0.15	0.93	0.7	0.99	0.98	0.27
Non Current Liabilities Total	0.96	0.99	0.12	0.91	0.82	0.95	0.99	0.5	0.96	-0.67	0.91		0.74	-0.19	0.99	0.93	0.79	0.76	-0.31	-0.05	-0.08	0.89	0.62	0.94	0.93	0.17
Other Current Assets	0.74	0.64	0.14	0.61	0.7	0.74	0.66	0.63	0.75	-0.56	0.61	0.74		-0.28	0.72	0.75	0.55	0.45	-0.24	-0.29	-0.34	0.7	0.48	0.64	0.68	-0.16
Other Stockholder Equity	-0.32	-0.13	-0.05	-0.24	-0.46	-0.34	-0.16	-0.6	-0.34	0.05	-0.29	-0.19	-0.28		-0.22	-0.29	-0.06	-0.23	0.74	0.77	0.69	-0.23	0.0	-0.33	-0.3	0.29
Total Liab	0.98	0.98	0.09	0.94	0.86	0.97	0.99	0.54	0.97	-0.71	0.93	0.99	0.72	-0.22		0.95	0.8	0.8	-0.35	-0.07	-0.1	0.91	0.63	0.96	0.96	0.2
Property Plant And Equipment Gross	0.99	0.89	0.08	0.95	0.95	0.98	0.9	0.72	0.98	-0.85	0.9	0.93	0.75	-0.29	0.95		0.82	0.82	-0.38	-0.19	-0.19	0.97	0.66	0.95	0.96	0.12
Total Current Assets	0.8	0.78	-0.28	0.9	0.7	0.76	0.77	0.49	0.77	-0.83	0.85	0.79	0.55	-0.06	0.8	0.82		0.91	-0.12	0.18	0.13	0.92	0.73	0.83	0.83	0.46
Net Receivables	0.83	0.75	-0.38	0.92	0.79	0.8	0.75	0.55	0.8	-0.83	0.87	0.76	0.45	-0.23	0.8	0.82	0.91		-0.33	0.0	-0.06	0.89	0.62	0.88	0.85	0.58
Short Term Debt	-0.4	-0.27	-0.05	-0.34	-0.47	-0.41	-0.29	-0.4	-0.41	0.15	-0.41	-0.31	-0.24	0.74	-0.35	-0.38	-0.12	-0.33		0.56	0.5	-0.3	-0.11	-0.42	-0.39	0.15
Cash	-0.2	0.02	-0.22	-0.07	-0.38	-0.23	-0.02	-0.59	-0.23	0.04	-0.07	-0.05	-0.29	0.77	-0.07	-0.19	0.18	0.0	0.56		0.94	-0.09	0.1	-0.14	-0.1	0.4
Cash And Short Term Investments	-0.2	-0.01	-0.16	-0.12	-0.35	-0.23	-0.05	-0.51	-0.23	0.09	-0.15	-0.08	-0.34	0.69	-0.1	-0.19	0.13	-0.06	0.5	0.94		-0.13	0.1	-0.2	-0.16	0.29
Accounts Payable	0.95	0.86	-0.09	0.97	0.9	0.93	0.86	0.69	0.93	-0.9	0.93	0.89	0.7	-0.23	0.91	0.97	0.92	0.89	-0.3	-0.09	-0.13		0.73	0.94	0.95	0.26
Inventory	0.63	0.6	-0.15	0.65	0.55	0.58	0.6	0.41	0.61	-0.74	0.7	0.62	0.48	0.0	0.63	0.66	0.73	0.62	-0.11	0.1	0.1	0.73		0.65	0.69	0.06
Common Stock	0.97	0.93	-0.02	0.97	0.89	0.95	0.93	0.59	0.96	-0.77	0.99	0.94	0.64	-0.33	0.96	0.95	0.83	0.88	-0.42	-0.14	-0.2	0.94	0.65		0.99	0.26
Common Stock Total Equity	0.96	0.91	0.02	0.96	0.89	0.94	0.92	0.6	0.95	-0.8	0.98	0.93	0.68	-0.3	0.96	0.96	0.83	0.85	-0.39	-0.1	-0.16	0.95	0.69	0.99		0.18
Current Deferred Revenue	0.18	0.22	-0.68	0.33	0.13	0.16	0.2	-0.04	0.15	-0.27	0.27	0.17	-0.16	0.29	0.2	0.12	0.46	0.58	0.15	0.4	0.29	0.26	0.06	0.26	0.18

Click cells to compare fundamentals

Comstock Resources Account Relationship Matchups

Comstock Resources fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	4.7B	4.6B	4.7B	5.7B	6.5B	6.8B
Short Long Term Debt Total	2.5B	2.5B	2.6B	2.2B	2.7B	2.8B
Other Current Liab	222K	47.0M	181.9M	(238.2M)	132.6M	139.2M
Total Current Liabilities	392.4M	441.6M	634.0M	756.1M	681.5M	715.6M
Total Stockholder Equity	1.1B	1.4B	1.2B	2.3B	2.4B	2.5B
Property Plant And Equipment Net	4.0B	4.1B	4.0B	4.7B	5.5B	5.7B
Net Debt	2.5B	2.5B	2.6B	2.2B	2.7B	2.8B
Retained Earnings	138.6M	55.2M	(204.0M)	886.1M	958.3M	1.0B
Non Current Assets Total	4.4B	4.4B	4.3B	5.0B	6.0B	6.3B
Non Currrent Assets Other	8.8M	701K	(197.4M)	(425.7M)	(383.2M)	(364.0M)
Common Stock Shares Outstanding	187.4M	215.2M	231.6M	277.5M	276.8M	290.6M
Liabilities And Stockholders Equity	4.7B	4.6B	4.7B	5.7B	6.5B	6.8B
Non Current Liabilities Total	3.1B	2.7B	2.8B	2.7B	3.4B	3.6B
Other Current Assets	195.8M	14.8M	15.1M	56.3M	199.3M	209.3M
Other Stockholder Equity	529.8M	1.1B	1.1B	1.3B	1.3B	783.7M
Total Liab	3.5B	3.2B	3.5B	3.4B	4.1B	4.3B
Property Plant And Equipment Gross	4.0B	4.1B	5.1B	6.2B	7.6B	8.0B
Total Current Assets	303.6M	199.8M	318.7M	645.0M	461.5M	484.6M
Net Receivables	189.1M	145.8M	267.7M	510.1M	245.5M	257.8M
Short Term Debt	7.0M	2.3M	2.4M	38.4M	23.8M	22.6M
Cash	18.5M	30.3M	30.7M	54.7M	16.7M	20.2M
Cash And Short Term Investments	18.5M	30.3M	30.7M	54.7M	16.7M	29.1M
Accounts Payable	253.0M	259.3M	314.6M	530.2M	523.3M	549.4M
Inventory	4.5M	3.1M	5.0M	34.8M	40.0M	42.0M
Common Stock	95.0M	116.2M	116.5M	138.8M	139.2M	146.2M
Common Stock Total Equity	95.0M	116.2M	116.5M	138.8M	159.6M	167.6M
Net Tangible Assets	1.2B	1.1B	676.9M	1.9B	2.2B	2.3B
Long Term Debt	2.5B	2.5B	2.6B	2.2B	2.6B	1.7B
Retained Earnings Total Equity	138.6M	55.2M	(204.0M)	886.1M	797.5M	837.4M
Long Term Debt Total	2.5B	2.5B	2.6B	2.2B	2.5B	1.7B
Capital Surpluse	909.4M	1.1B	1.1B	1.3B	1.4B	757.2M
Deferred Long Term Liab	216.0M	202.9M	201.5M	425.7M	489.6M	514.1M
Non Current Liabilities Other	26.0M	20.5M	29.8M	81.5M	93.7M	98.4M
Property Plant Equipment	4.0B	4.1B	4.0B	4.6B	5.3B	2.7B
Accumulated Depreciation	(486.5M)	(902.3M)	(1.1B)	(1.5B)	(1.8B)	(1.9B)

Pair Trading with Comstock Resources

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 Comstock Resources 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 Comstock Resources will appreciate offsetting losses from the drop in the long position's value.

Moving together with Comstock Stock

0.95	AR	Antero Resources Corp	Pair Corr
0.82	PR	Permian Resources Financial Report 13th of May 2024	Pair Corr
0.85	SD	SandRidge Energy	Pair Corr
0.84	SM	SM Energy	Pair Corr

Moving against Comstock Stock

0.62

Empire Petroleum Corp

Pair Corr

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

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

When determining whether Comstock Resources is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Comstock Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Comstock Resources Stock. Highlighted below are key reports to facilitate an investment decision about Comstock Resources Stock:

How To Invest In Comstock

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Is Comstock Stock a good investment?

Details

What is Comstock Resources' Net Worth?

Details

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Comstock Resources. 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 more information on how to buy Comstock Stock please use our How to buy in Comstock Stock guide.

You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.

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

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Is Comstock Resources' 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 Comstock Resources. If investors know Comstock 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 Comstock Resources 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

(0.79)

Dividend Share

0.5

Earnings Share

0.76

Revenue Per Share

5.654

Quarterly Revenue Growth

(0.56)

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

Total Stockholder Equity vs Short Term Debt

Total Stockholder Equity vs Short Term Debt Correlation Analysis

Correlation Coefficient

Total Stockholder Equity

Short Term Debt

Comstock Resources fundamental ratios Correlations

Comstock Resources Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Comstock Resources fundamental ratios Accounts

Pair Trading with Comstock Resources

Moving together with Comstock Stock

Moving against Comstock Stock

Complementary Tools for Comstock Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Property Plant And Equipment Net	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Property Plant And Equipment Gross	+ 0.99	Total Assets
Non Current Liabilities Total	+ 0.99	Short Long Term Debt Total

Accounts Payable	- 0.9	Non Currrent Assets Other
Non Currrent Assets Other	- 0.86	Total Current Liabilities
Property Plant And Equipment Gross	- 0.85	Non Currrent Assets Other
Net Receivables	- 0.83	Non Currrent Assets Other
Total Current Assets	- 0.83	Non Currrent Assets Other
Common Stock Total Equity	- 0.8	Non Currrent Assets Other