GRG Other Current Assets vs Long Term Debt Analysis

002152 Stock   13.10  0.10  0.77%   
GRG Banking financial indicator trend analysis is much more than just examining GRG Banking Equipment latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether GRG Banking Equipment is a good investment. Please check the relationship between GRG Banking Other Current Assets and its Long Term Debt accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in GRG Banking Equipment. 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.

Other Current Assets vs Long Term Debt

Other Current Assets vs Long Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of GRG Banking Equipment Other Current Assets account and Long Term Debt. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between GRG Banking's Other Current Assets and Long Term Debt is -0.33. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of GRG Banking Equipment, assuming nothing else is changed. The correlation between historical values of GRG Banking's Other Current Assets and Long 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 Other Current Assets of GRG Banking Equipment are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Other Current Assets i.e., GRG Banking's Other Current Assets and Long Term Debt go up and down completely randomly.

Correlation Coefficient

-0.33
Relationship DirectionNegative 
Relationship StrengthInsignificant

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.

Long Term Debt

Long-term debt is a debt that GRG Banking Equipment has held for over one year. Long-term debt appears on GRG Banking Equipment balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on GRG Banking Equipment balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.
Most indicators from GRG Banking's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into GRG Banking Equipment 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 GRG Banking Equipment. 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.
As of December 13, 2024, Selling General Administrative is expected to decline to about 672.3 M. In addition to that, Tax Provision is expected to decline to about 145.4 M
 2021 2022 2023 2024 (projected)
Operating Income1.1B1.1B1.2B714.6M
Total Revenue6.8B7.5B9.0B9.5B

GRG Banking fundamental ratios Correlations

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0.780.990.820.90.590.050.680.64-0.820.660.50.880.71-0.120.740.650.870.770.790.23-0.210.440.90.80.71
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GRG Banking Account Relationship Matchups

GRG Banking fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets14.2B15.7B17.0B20.2B26.2B27.5B
Short Long Term Debt Total80.0M496.7M238.5M484.0M1.7B1.8B
Other Current Liab1.6B70.3M52.8M1.4B5.7B6.0B
Total Current Liabilities4.2B4.7B4.9B6.3B11.2B11.8B
Total Stockholder Equity9.1B10.0B11.0B11.6B12.0B12.6B
Other Liab108.0M86.3M113.0M69.0M79.3M54.9M
Property Plant And Equipment Net1.1B1.7B1.8B1.9B2.0B2.1B
Current Deferred Revenue1.3B2.9B3.1B2.3B2.5B2.7B
Net Debt(4.4B)(6.1B)(6.2B)(7.0B)(10.0B)(9.5B)
Retained Earnings4.2B4.7B5.1B5.6B6.0B6.3B
Accounts Payable1.2B1.2B1.6B2.5B1.6B1.7B
Cash4.5B6.6B6.4B7.5B11.7B12.3B
Non Current Assets Total4.5B4.8B5.2B6.2B7.3B7.7B
Non Currrent Assets Other1.5B669.6M1.6B2.3B72.2M68.5M
Other Assets252.9M1.0249.5M674.1M775.3M814.0M
Cash And Short Term Investments5.9B7.2B7.5B8.4B12.9B13.5B
Net Receivables1.8B2.0B2.0B2.5B2.9B3.0B
Liabilities And Stockholders Equity14.2B15.7B17.0B20.2B26.2B27.5B
Non Current Liabilities Total86.3M113.0M107.4M455.5M460.7M483.7M
Inventory1.9B1.7B1.7B2.1B2.6B1.3B
Other Current Assets73.6M108.4M567.7M962.0M453.6M587.5M
Other Stockholder Equity2.0B2.0B2.6B2.9B3.0B3.1B
Total Liab4.3B4.8B5.0B6.8B11.7B12.3B
Total Current Assets9.7B10.9B11.8B14.0B18.8B19.7B
Short Term Debt80.0M496.7M200.1M130.6M1.4B1.5B
Intangible Assets214.5M214.2M177.7M175.6M264.5M277.7M
Property Plant Equipment1.1B1.1B1.7B1.8B2.0B2.1B
Good Will978.7M947.4M878.2M827.2M1.6B1.6B
Short Term Investments1.4B562.9M1.1B920.3M1.2B633.6M
Net Tangible Assets7.9B8.8B9.9B10.3B11.9B8.9B
Deferred Long Term Liab18.6M52.6M46.7M62.3M71.6M36.0M
Short Long Term Debt80.0M496.7M187.4M104.2M239.6M161.0M
Net Invested Capital9.1B10.5B11.2B12.0B12.6B11.5B
Net Working Capital5.5B6.3B6.9B7.7B7.6B7.1B

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Other Information on Investing in GRG Stock

Balance Sheet is a snapshot of the financial position of GRG Banking Equipment at a specified time, usually calculated after every quarter, six months, or one year. GRG Banking Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of GRG Banking and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which GRG currently owns. An asset can also be divided into two categories, current and non-current.