China Ebitda vs Reconciled Depreciation Analysis

CGG Stock  CAD 6.82  0.08  1.16%   
China Gold financial indicator trend analysis is way more than just evaluating China Gold International prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether China Gold International is a good investment. Please check the relationship between China Gold Ebitda and its Reconciled Depreciation accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in China Gold International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Ebitda vs Reconciled Depreciation

Ebitda vs Reconciled Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of China Gold International Ebitda account and Reconciled Depreciation. At this time, the significance of the direction appears to have strong relationship.
EbitdaReconciled DepreciationDiversified AwayEbitdaReconciled DepreciationDiversified Away100%
The correlation between China Gold's Ebitda and Reconciled Depreciation is 0.77. Overlapping area represents the amount of variation of Ebitda that can explain the historical movement of Reconciled Depreciation in the same time period over historical financial statements of China Gold International, assuming nothing else is changed. The correlation between historical values of China Gold's Ebitda and Reconciled Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ebitda of China Gold International are associated (or correlated) with its Reconciled Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Reconciled Depreciation has no effect on the direction of Ebitda i.e., China Gold's Ebitda and Reconciled Depreciation go up and down completely randomly.

Correlation Coefficient

0.77
Relationship DirectionPositive 
Relationship StrengthSignificant

Ebitda

Reconciled Depreciation

Most indicators from China Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into China Gold International 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 China Gold International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
At this time, China Gold's Enterprise Value Over EBITDA is very stable compared to the past year. As of the 30th of December 2024, Enterprise Value Multiple is likely to grow to 19.98, while Selling General Administrative is likely to drop about 21.1 M.
 2021 2022 2023 2024 (projected)
Interest Expense30.6M25.4M21.2M15.5M
Depreciation And Amortization175.8M208.0M121.7M70.0M

China Gold fundamental ratios Correlations

0.70.890.940.790.570.720.330.990.330.550.820.750.26-0.250.930.710.810.170.330.160.460.720.880.84-0.44
0.70.480.670.660.290.490.310.660.310.250.450.530.43-0.340.760.440.680.070.130.180.940.60.760.41-0.34
0.890.480.780.460.630.610.410.870.410.440.930.580.13-0.060.660.670.750.30.430.120.280.540.570.59-0.41
0.940.670.780.870.560.680.10.960.10.570.690.760.3-0.540.920.750.650.20.240.140.440.690.880.84-0.43
0.790.660.460.870.290.51-0.150.82-0.150.490.430.720.48-0.50.930.560.46-0.010.130.110.450.620.940.87-0.39
0.570.290.630.560.290.410.260.530.260.120.380.810.11-0.360.440.910.60.05-0.13-0.360.150.620.410.46-0.13
0.720.490.610.680.510.410.510.70.510.440.540.51-0.12-0.240.70.490.660.060.220.160.30.530.680.67-0.35
0.330.310.410.1-0.150.260.510.21.00.040.350.07-0.330.290.210.10.73-0.050.090.160.290.180.180.09-0.09
0.990.660.870.960.820.530.70.20.20.590.820.740.28-0.290.930.70.720.210.380.170.410.70.870.86-0.45
0.330.310.410.1-0.150.260.511.00.20.040.350.07-0.330.290.210.10.73-0.050.090.160.290.180.180.09-0.09
0.550.250.440.570.490.120.440.040.590.040.380.29-0.25-0.180.550.220.250.550.50.45-0.010.570.470.580.24
0.820.450.930.690.430.380.540.350.820.350.380.430.20.080.60.520.630.380.620.070.30.370.520.53-0.58
0.750.530.580.760.720.810.510.070.740.070.290.430.37-0.430.770.910.640.080.0-0.350.330.80.770.77-0.28
0.260.430.130.30.480.11-0.12-0.330.28-0.33-0.250.20.37-0.20.330.320.14-0.12-0.02-0.260.490.060.390.2-0.47
-0.25-0.34-0.06-0.54-0.5-0.36-0.240.29-0.290.29-0.180.08-0.43-0.2-0.37-0.5-0.06-0.120.310.11-0.29-0.3-0.41-0.310.14
0.930.760.660.920.930.440.70.210.930.210.550.60.770.33-0.370.630.740.040.210.170.530.740.990.9-0.39
0.710.440.670.750.560.910.490.10.70.10.220.520.910.32-0.50.630.580.140.04-0.450.290.620.630.63-0.39
0.810.680.750.650.460.60.660.730.720.730.250.630.640.14-0.060.740.58-0.010.070.110.530.630.70.58-0.28
0.170.070.30.2-0.010.050.06-0.050.21-0.050.550.380.08-0.12-0.120.040.14-0.010.65-0.01-0.030.23-0.030.020.07
0.330.130.430.240.13-0.130.220.090.380.090.50.620.0-0.020.310.210.040.070.650.060.020.10.150.21-0.29
0.160.180.120.140.11-0.360.160.160.170.160.450.07-0.35-0.260.110.17-0.450.11-0.010.060.080.070.080.040.36
0.460.940.280.440.450.150.30.290.410.29-0.010.30.330.49-0.290.530.290.53-0.030.020.080.340.550.13-0.37
0.720.60.540.690.620.620.530.180.70.180.570.370.80.06-0.30.740.620.630.230.10.070.340.680.660.05
0.880.760.570.880.940.410.680.180.870.180.470.520.770.39-0.410.990.630.7-0.030.150.080.550.680.9-0.44
0.840.410.590.840.870.460.670.090.860.090.580.530.770.2-0.310.90.630.580.020.210.040.130.660.9-0.35
-0.44-0.34-0.41-0.43-0.39-0.13-0.35-0.09-0.45-0.090.24-0.58-0.28-0.470.14-0.39-0.39-0.280.07-0.290.36-0.370.05-0.44-0.35
Click cells to compare fundamentals

China Gold Account Relationship Matchups

China Gold fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets3.2B3.3B3.3B3.2B2.8B1.9B
Total Current Liabilities928.7M442.8M343.7M638.6M305.4M299.4M
Total Stockholder Equity1.4B1.6B1.8B1.9B1.7B1.0B
Property Plant And Equipment Net2.6B2.7B2.7B2.4B2.3B1.4B
Net Debt1.1B982.2M765.1M406.6M670.7M435.4M
Retained Earnings199.5M295.5M482.2M571.2M380.4M399.4M
Accounts Payable38.6M45.6M43.3M38.8M18.9M29.0M
Cash182.3M243.3M208.1M428.5M97.2M155.2M
Non Current Assets Total2.7B2.7B2.7B2.5B2.4B1.5B
Cash And Short Term Investments182.3M243.3M208.1M428.5M97.2M155.4M
Net Receivables26.0M16.8M25.9M8.7M1.4M1.3M
Liabilities And Stockholders Equity3.2B3.3B3.3B3.2B2.8B1.9B
Inventory281.1M297.7M299.6M293.1M291.6M306.1M
Other Current Assets30.0M27.3M32.5M10.1M68.0M71.4M
Total Liab1.7B1.7B1.4B1.3B1.1B842.2M
Property Plant And Equipment Gross2.6B2.7B3.8B3.7B3.7B3.9B
Total Current Assets519.4M585.1M541.4M732.6M476.2M320.0M
Accumulated Other Comprehensive Income6.8M53.9M104.7M83.7M97.4M102.3M
Non Currrent Assets Other37.0M19.2M19.6M18.7M16.6M22.2M
Other Assets37.0M26.2M25.6M18.7M21.5M30.0M
Short Term Debt611.7M140.4M98.1M400.1M144.1M220.0M
Other Current Liab408.6M415.2M310.2M322.7M137.8M167.8M
Short Long Term Debt Total1.2B1.2B973.3M835.1M767.9M754.6M
Non Current Liabilities Total817.7M1.3B1.1B652.8M801.6M693.7M
Current Deferred Revenue6.8M2.9M10.3M6.3M71K67.5K
Other Liab185.1M199.3M204.8M217.8M250.5M203.0M
Net Tangible Assets1.4B1.6B1.8B1.9B2.2B1.7B
Long Term Debt632.1M1.1B873.0M433.5M622.9M822.2M
Long Term Investments17.1M20.8M29.0M37.3M47.2M26.9M
Short Long Term Debt611.6M140.3M97.6M399.6M143.5M256.3M
Property Plant Equipment2.6B2.7B2.7B2.4B2.8B2.7B
Long Term Debt Total632.6M1.1B875.1M435.0M391.5M664.0M
Cash And Equivalents182.3M243.3M208.1M428.5M492.7M517.4M
Net Invested Capital2.7B2.8B2.8B2.7B2.5B2.2B
Net Working Capital(409.4M)142.3M197.8M94.0M170.8M179.3M

Pair Trading with China 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 China 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 China Gold will appreciate offsetting losses from the drop in the long position's value.

Moving against China Stock

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The ability to find closely correlated positions to China 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 China 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 China 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 China Gold International to buy it.
The correlation of China 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 China Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if China Gold International 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 China 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 CorrelationCorrelation Matching

Other Information on Investing in China Stock

Balance Sheet is a snapshot of the financial position of China Gold International at a specified time, usually calculated after every quarter, six months, or one year. China Gold Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of China Gold 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 China currently owns. An asset can also be divided into two categories, current and non-current.