Golden Cash vs Retained Earnings Analysis

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CAD 0.18 0.02 10.00%

Golden Pursuit financial indicator trend analysis is much more than just examining Golden Pursuit Resources latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Golden Pursuit Resources is a good investment. Please check the relationship between Golden Pursuit Cash and its Retained Earnings accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Golden Pursuit Resources. 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.

Cash vs Retained Earnings

Cash vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Golden Pursuit Resources Cash account and Retained Earnings. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Golden Pursuit's Cash and Retained Earnings is -0.33. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Golden Pursuit Resources, assuming nothing else is changed. The correlation between historical values of Golden Pursuit's Cash and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of Golden Pursuit Resources are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Cash i.e., Golden Pursuit's Cash and Retained Earnings go up and down completely randomly.

Correlation Coefficient

-0.33

Relationship Direction	Negative
Relationship Strength	Insignificant

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Cash

Cash refers to the most liquid asset of Golden Pursuit Resources, which is listed under current asset account on Golden Pursuit Resources balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Golden Pursuit customers. The amounts must be unrestricted with restricted cash listed in a different Golden Pursuit account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

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.

Most indicators from Golden Pursuit's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Golden Pursuit 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Golden Pursuit Resources. 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 118.3 K in 2024. Issuance Of Capital Stock is likely to drop to about 556.1 K in 2024

Golden Pursuit fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Net Receivables	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Non Current Assets Total	Property Plant Equipment	Common Stock Shares Outstanding	Net Invested Capital	Net Working Capital	Net Debt	Short Long Term Debt	Capital Stock	Short Term Debt	Property Plant And Equipment Net	Property Plant And Equipment Gross
Total Assets		0.58	0.38	0.19	0.25	-0.78	0.69	0.44	0.53	0.82	0.36	0.91	0.79	0.68	0.64	0.78	0.3	0.18	0.68	0.68	0.71	0.68	0.77	0.75
Other Current Liab	0.58		0.9	-0.6	-0.57	-0.8	0.82	0.0	0.39	0.81	0.88	0.36	0.74	0.58	0.68	0.72	-0.51	-0.61	0.83	0.83	0.69	0.83	0.76	0.76
Total Current Liabilities	0.38	0.9		-0.81	-0.76	-0.72	0.76	-0.06	0.49	0.75	1.0	0.12	0.69	0.49	0.64	0.67	-0.75	-0.81	0.73	0.73	0.69	0.73	0.65	0.67
Total Stockholder Equity	0.19	-0.6	-0.81		0.99	0.3	-0.35	0.38	-0.25	-0.3	-0.82	0.44	-0.26	-0.13	-0.23	-0.25	0.98	0.98	-0.37	-0.37	-0.26	-0.37	-0.21	-0.24
Net Tangible Assets	0.25	-0.57	-0.76	0.99		0.22	-0.28	0.45	-0.22	-0.23	-0.77	0.48	-0.18	-0.04	-0.13	-0.16	0.97	0.96	-0.32	-0.32	-0.17	-0.32	-0.13	-0.15
Retained Earnings	-0.78	-0.8	-0.72	0.3	0.22		-0.9	-0.33	-0.53	-0.84	-0.71	-0.59	-0.86	-0.67	-0.74	-0.89	0.22	0.32	-0.84	-0.84	-0.81	-0.84	-0.86	-0.86
Accounts Payable	0.69	0.82	0.76	-0.35	-0.28	-0.9		0.15	0.55	0.88	0.75	0.44	0.88	0.83	0.92	0.89	-0.31	-0.43	0.79	0.79	0.89	0.79	0.96	0.96
Cash	0.44	0.0	-0.06	0.38	0.45	-0.33	0.15		-0.2	0.37	-0.07	0.56	0.46	0.09	0.12	0.46	0.38	0.4	0.46	0.46	0.47	0.46	0.26	0.27
Net Receivables	0.53	0.39	0.49	-0.25	-0.22	-0.53	0.55	-0.2		0.55	0.5	0.36	0.52	0.48	0.46	0.51	-0.16	-0.25	0.31	0.31	0.45	0.31	0.47	0.47
Other Stockholder Equity	0.82	0.81	0.75	-0.3	-0.23	-0.84	0.88	0.37	0.55		0.74	0.61	0.98	0.76	0.78	0.95	-0.21	-0.32	0.91	0.91	0.95	0.91	0.89	0.9
Total Liab	0.36	0.88	1.0	-0.82	-0.77	-0.71	0.75	-0.07	0.5	0.74		0.1	0.68	0.48	0.63	0.66	-0.76	-0.82	0.71	0.71	0.68	0.71	0.64	0.66
Total Current Assets	0.91	0.36	0.12	0.44	0.48	-0.59	0.44	0.56	0.36	0.61	0.1		0.58	0.37	0.36	0.56	0.55	0.46	0.53	0.53	0.49	0.53	0.5	0.48
Common Stock	0.79	0.74	0.69	-0.26	-0.18	-0.86	0.88	0.46	0.52	0.98	0.68	0.58		0.78	0.77	0.99	-0.19	-0.29	0.92	0.92	0.97	0.92	0.9	0.91
Non Current Assets Total	0.68	0.58	0.49	-0.13	-0.04	-0.67	0.83	0.09	0.48	0.76	0.48	0.37	0.78		0.9	0.81	-0.12	-0.25	0.57	0.57	0.8	0.57	0.93	0.93
Property Plant Equipment	0.64	0.68	0.64	-0.23	-0.13	-0.74	0.92	0.12	0.46	0.78	0.63	0.36	0.77	0.9		0.79	-0.22	-0.35	0.59	0.59	0.84	0.59	0.94	0.94
Common Stock Shares Outstanding	0.78	0.72	0.67	-0.25	-0.16	-0.89	0.89	0.46	0.51	0.95	0.66	0.56	0.99	0.81	0.79		-0.2	-0.3	0.89	0.89	0.97	0.89	0.93	0.94
Net Invested Capital	0.3	-0.51	-0.75	0.98	0.97	0.22	-0.31	0.38	-0.16	-0.21	-0.76	0.55	-0.19	-0.12	-0.22	-0.2		0.99	-0.29	-0.29	-0.23	-0.29	-0.18	-0.21
Net Working Capital	0.18	-0.61	-0.81	0.98	0.96	0.32	-0.43	0.4	-0.25	-0.32	-0.82	0.46	-0.29	-0.25	-0.35	-0.3	0.99		-0.36	-0.36	-0.32	-0.36	-0.31	-0.33
Net Debt	0.68	0.83	0.73	-0.37	-0.32	-0.84	0.79	0.46	0.31	0.91	0.71	0.53	0.92	0.57	0.59	0.89	-0.29	-0.36		1.0	0.86	1.0	0.78	0.79
Short Long Term Debt	0.68	0.83	0.73	-0.37	-0.32	-0.84	0.79	0.46	0.31	0.91	0.71	0.53	0.92	0.57	0.59	0.89	-0.29	-0.36	1.0		0.86	1.0	0.78	0.79
Capital Stock	0.71	0.69	0.69	-0.26	-0.17	-0.81	0.89	0.47	0.45	0.95	0.68	0.49	0.97	0.8	0.84	0.97	-0.23	-0.32	0.86	0.86		0.86	0.91	0.93
Short Term Debt	0.68	0.83	0.73	-0.37	-0.32	-0.84	0.79	0.46	0.31	0.91	0.71	0.53	0.92	0.57	0.59	0.89	-0.29	-0.36	1.0	1.0	0.86		0.78	0.79
Property Plant And Equipment Net	0.77	0.76	0.65	-0.21	-0.13	-0.86	0.96	0.26	0.47	0.89	0.64	0.5	0.9	0.93	0.94	0.93	-0.18	-0.31	0.78	0.78	0.91	0.78		1.0
Property Plant And Equipment Gross	0.75	0.76	0.67	-0.24	-0.15	-0.86	0.96	0.27	0.47	0.9	0.66	0.48	0.91	0.93	0.94	0.94	-0.21	-0.33	0.79	0.79	0.93	0.79	1.0

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Golden Pursuit Account Relationship Matchups

Golden Pursuit fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	167.2K	339.0K	190.2K	204.0K	234.6K	159.6K
Other Current Liab	77.5K	237.2K	29.8K	177.3K	203.9K	214.1K
Total Current Liabilities	68.9K	97.2K	348.8K	459.7K	528.7K	555.1K
Total Stockholder Equity	98.3K	262.4K	(158.6K)	(255.7K)	(230.1K)	(218.6K)
Net Tangible Assets	(493.9K)	98.3K	242.7K	(158.6K)	(182.4K)	(173.3K)
Retained Earnings	(19.1M)	(19.8M)	(20.9M)	(21.7M)	(19.5M)	(20.5M)
Accounts Payable	31.1K	97.2K	165.2K	124.9K	143.7K	150.9K
Cash	89.8K	54.0K	11.0K	50.0K	57.5K	37.6K
Net Receivables	14.1K	7.3K	62.2K	38.5K	44.3K	27.9K
Other Stockholder Equity	5.3M	5.4M	5.9M	5.8M	6.7M	5.8M
Total Liab	68.9K	76.6K	348.8K	459.7K	528.7K	555.1K
Total Current Assets	162.5K	246.1K	76.7K	97.4K	112.0K	102.0K
Common Stock	12.3M	13.8M	14.2M	14.9M	17.1M	14.1M
Non Current Assets Total	4.7K	93.9K	113.5K	106.6K	122.6K	63.8K
Property Plant Equipment	15.8K	4.7K	93.9K	113.5K	130.5K	137.0K
Common Stock Shares Outstanding	25.2M	28.6M	34.0M	39.0M	44.8M	26.8M
Net Invested Capital	98.3K	262.4K	(158.6K)	(255.7K)	(230.1K)	(218.6K)
Net Working Capital	93.6K	168.5K	(272.1K)	(362.3K)	(326.1K)	(309.8K)
Capital Stock	13.8M	14.2M	14.9M	15.4M	17.7M	15.2M

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