When we speak about the financial health of a company, net worth is often a primary indicator. Core Molding Technologies (CMT), a leading manufacturer of sheet molding compounds (SMC) and fiberglass reinforced plastics (FRP), is no exception. As of September 1, 2023, CMT has registered impressive figures, but what exactly do they signify?
| Component | Value |
|---|---|
| Total assets | $258.4 million |
| Total liabilities | $14.3 million |
| Net worth | $244.1 million |
CMT’s Market Cap and Enterprise Value
Understanding market capitalization (market cap) and enterprise value are essential to gauge a company’s value. Market cap reflects the total value of a company’s outstanding shares. With CMT’s market cap standing at $235.47 million as of September 1, 2023, it showcases the value investors place on the firm.
On the other hand, enterprise value, which factors in a company’s debt and cash, provides a more comprehensive overview. For CMT, this value reaches $244.89 million, slightly higher than its market cap, hinting at its debt and cash holdings.
CMT’s Net Worth Over Time
Over a span of time, CMT’s financial stance has showcased a robust upward trend. By September 2023, its net worth soared to $0.24 billion, marking a significant jump of 101.13% from its previous year.
Such growth can be attributed to several factors:
Detailed Breakdown of CMT’s Net Worth
For a more granular understanding, let’s break down CMT’s net worth as of Week 32-2023:
With total assets surpassing liabilities, CMT’s net worth settles at a comfortable $244.1 million. This indicates financial stability and lower credit risk for potential investors.
CMT’s Income and Earnings
CMT’s financial progression doesn’t halt at its net worth. The company reported a net income of $14.19 million in the recent quarter, a commendable rise from $5.90 million during the same period last year.
This income surge emanates from diverse channels:
CMT’s YouTube Channel Net Worth
In this digital age, CMT has not restricted itself to traditional avenues. Its YouTube channel, boasting over 11 million subscribers, has a net worth of $444,000 as of September 2023. Revenue from ads, sponsorships, and channel memberships fuel this value.
Comparing CMT with Other Stocks
Drawing comparisons, CMT’s net worth aligns closely with industry peers. Take Owens Corning, a fellow SMC and FRP manufacturer, whose net worth stands at a staggering $5.6 billion, offering a perspective on industry standards.
Conclusion
In conclusion, CMT’s net worth in 2023 mirrors its financial strength and potential for future growth. These figures, undoubtedly, make it a company to watch for investors and market enthusiasts.
FAQs
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