Goldcliff Retained Earnings vs Other Assets Analysis

GCN Stock  CAD 0.03  0.01  16.67%   
Goldcliff Resource financial indicator trend analysis is much more than just examining Goldcliff Resource Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Goldcliff Resource Corp is a good investment. Please check the relationship between Goldcliff Resource Retained Earnings and its Other Assets accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Goldcliff Resource Corp. 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.

Retained Earnings vs Other Assets

Retained Earnings vs Other Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Goldcliff Resource Corp Retained Earnings account and Other Assets. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Goldcliff Resource's Retained Earnings and Other Assets is -0.55. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Other Assets in the same time period over historical financial statements of Goldcliff Resource Corp, assuming nothing else is changed. The correlation between historical values of Goldcliff Resource's Retained Earnings and Other 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 Retained Earnings of Goldcliff Resource Corp are associated (or correlated) with its Other Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Assets has no effect on the direction of Retained Earnings i.e., Goldcliff Resource's Retained Earnings and Other Assets go up and down completely randomly.

Correlation Coefficient

-0.55
Relationship DirectionNegative 
Relationship StrengthVery Weak

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Other Assets

Most indicators from Goldcliff Resource's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Goldcliff Resource Corp 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Goldcliff Resource Corp. 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.
Selling General Administrative is likely to drop to about 110 K in 2024. Issuance Of Capital Stock is likely to drop to about 181.9 K in 2024

Goldcliff Resource fundamental ratios Correlations

-0.850.980.15-0.72-0.13-0.40.790.240.190.85-0.170.35-0.160.13-0.860.850.25-0.68-0.13-0.490.880.350.30.580.58
-0.85-0.94-0.320.420.010.4-0.51-0.48-0.35-0.530.17-0.360.29-0.331.0-0.53-0.140.870.30.69-0.76-0.35-0.5-0.49-0.49
0.98-0.940.24-0.63-0.1-0.420.710.350.250.76-0.180.39-0.20.2-0.930.760.23-0.78-0.21-0.580.870.370.390.580.58
0.15-0.320.240.32-0.41-0.37-0.160.83-0.11-0.14-0.250.810.37-0.1-0.25-0.150.47-0.57-0.72-0.160.340.450.620.530.53
-0.720.42-0.630.320.090.08-0.980.360.13-0.930.030.18-0.020.220.45-0.93-0.090.16-0.520.26-0.650.170.15-0.13-0.13
-0.130.01-0.1-0.410.090.2-0.220.110.85-0.280.01-0.66-0.880.820.0-0.27-0.940.230.12-0.05-0.54-0.55-0.6-0.65-0.65
-0.40.4-0.42-0.370.080.2-0.17-0.38-0.09-0.210.72-0.410.01-0.080.39-0.18-0.270.60.32-0.34-0.41-0.33-0.45-0.45-0.45
0.79-0.510.71-0.16-0.98-0.22-0.17-0.25-0.190.95-0.09-0.010.11-0.28-0.520.950.23-0.310.39-0.310.77-0.050.020.290.29
0.24-0.480.350.830.360.11-0.38-0.250.47-0.22-0.260.58-0.20.46-0.42-0.230.01-0.59-0.81-0.250.160.330.40.340.34
0.19-0.350.25-0.110.130.85-0.09-0.190.47-0.18-0.08-0.24-0.950.98-0.35-0.17-0.73-0.15-0.3-0.2-0.25-0.13-0.26-0.24-0.24
0.85-0.530.76-0.14-0.93-0.28-0.210.95-0.22-0.18-0.050.120.12-0.25-0.551.00.3-0.330.31-0.310.820.120.030.390.39
-0.170.17-0.18-0.250.030.010.72-0.09-0.26-0.08-0.05-0.110.03-0.040.16-0.02-0.060.40.1-0.38-0.160.02-0.23-0.15-0.15
0.35-0.360.390.810.18-0.66-0.41-0.010.58-0.240.12-0.110.46-0.19-0.310.120.77-0.54-0.76-0.140.560.850.710.810.81
-0.160.29-0.20.37-0.02-0.880.010.11-0.2-0.950.120.030.46-0.930.310.110.810.040.060.180.290.270.360.350.35
0.13-0.330.2-0.10.220.82-0.08-0.280.460.98-0.25-0.04-0.19-0.93-0.33-0.24-0.69-0.13-0.37-0.19-0.28-0.03-0.22-0.25-0.25
-0.861.0-0.93-0.250.450.00.39-0.52-0.42-0.35-0.550.16-0.310.31-0.33-0.55-0.140.860.260.68-0.76-0.34-0.49-0.48-0.48
0.85-0.530.76-0.15-0.93-0.27-0.180.95-0.23-0.171.0-0.020.120.11-0.24-0.550.29-0.320.32-0.330.820.120.010.380.38
0.25-0.140.230.47-0.09-0.94-0.270.230.01-0.730.3-0.060.770.81-0.69-0.140.29-0.36-0.28-0.030.630.710.730.760.76
-0.680.87-0.78-0.570.160.230.6-0.31-0.59-0.15-0.330.4-0.540.04-0.130.86-0.32-0.360.430.5-0.72-0.43-0.76-0.66-0.66
-0.130.3-0.21-0.72-0.520.120.320.39-0.81-0.30.310.1-0.760.06-0.370.260.32-0.280.430.11-0.12-0.7-0.53-0.46-0.46
-0.490.69-0.58-0.160.26-0.05-0.34-0.31-0.25-0.2-0.31-0.38-0.140.18-0.190.68-0.33-0.030.50.11-0.46-0.13-0.28-0.22-0.22
0.88-0.760.870.34-0.65-0.54-0.410.770.16-0.250.82-0.160.560.29-0.28-0.760.820.63-0.72-0.12-0.460.490.560.730.73
0.35-0.350.370.450.17-0.55-0.33-0.050.33-0.130.120.020.850.27-0.03-0.340.120.71-0.43-0.7-0.130.490.670.750.75
0.3-0.50.390.620.15-0.6-0.450.020.4-0.260.03-0.230.710.36-0.22-0.490.010.73-0.76-0.53-0.280.560.670.780.78
0.58-0.490.580.53-0.13-0.65-0.450.290.34-0.240.39-0.150.810.35-0.25-0.480.380.76-0.66-0.46-0.220.730.750.781.0
0.58-0.490.580.53-0.13-0.65-0.450.290.34-0.240.39-0.150.810.35-0.25-0.480.380.76-0.66-0.46-0.220.730.750.781.0
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Goldcliff Resource Account Relationship Matchups

Goldcliff Resource fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.8M1.4M853.8K921.2K829.1K787.7K
Total Current Liabilities151.5K85.3K238.1K293.2K337.1K307.8K
Total Stockholder Equity1.7M1.3M615.7K628.1K565.3K537.0K
Property Plant And Equipment Net241.1K412.6K547.7K775.6K698.0K1.4M
Net Debt(1.0M)(429.8K)78.6K152.3K175.2K183.9K
Retained Earnings(17.8M)(18.6M)(19.6M)(19.9M)(17.9M)(17.0M)
Accounts Payable29.0K32.3K18.0K17.3K15.6K14.8K
Cash1.0M429.8K96.4K22.7K26.1K24.8K
Non Current Assets Total291.9K483.5K616.8K844.7K760.2K1.5M
Non Currrent Assets Other36.7K50.8K70.9K69.1K62.2K111.2K
Cash And Short Term Investments1.5M869.8K206.4K63.9K73.5K69.8K
Net Receivables12.3K26.3K30.7K12.6K11.4K10.8K
Common Stock Shares Outstanding42.1M49.3M59.9M62.7M72.1M75.7M
Liabilities And Stockholders Equity1.8M1.4M853.8K921.2K829.1K787.7K
Total Liab151.5K85.3K238.1K293.2K337.1K395.9K
Total Current Assets1.6M901.8K237.0K76.6K88.0K83.6K
Common Stock17.0M17.7M18.1M18.6M21.4M15.6M
Other Stockholder Equity2.0M2.5M2.3M2.1M1.9M1.8M
Accumulated Other Comprehensive Income2.5M2.3M2.1M2.0M2.2M1.7M
Other Current Liab122.5K52.9K45.2K293.2K263.8K177.1K
Net Tangible Assets1.3M1.7M1.3M615.7K708.1K514.1K
Other Assets36.7K50.8K70.9K69.1K79.5K49.3K
Property Plant Equipment474.6K241.1K412.6K547.7K629.9K376.1K
Net Invested Capital1.7M1.3M790.7K803.1K923.5K1.0M
Net Working Capital1.4M816.6K(1.1K)(216.6K)(249.1K)(236.6K)
Capital Stock17.0M17.7M18.1M18.6M21.4M18.7M

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