GGG Other Current Liab vs Retained Earnings Analysis

GGG Stock  CAD 0.04  0.00  0.00%   
G6 Materials financial indicator trend analysis is much more than just examining G6 Materials Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether G6 Materials Corp is a good investment. Please check the relationship between G6 Materials Other Current Liab and its Retained Earnings accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in G6 Materials 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.

Other Current Liab vs Retained Earnings

Other Current Liab vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of G6 Materials Corp Other Current Liab account and Retained Earnings. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between G6 Materials' Other Current Liab and Retained Earnings is -0.66. Overlapping area represents the amount of variation of Other Current Liab that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of G6 Materials Corp, assuming nothing else is changed. The correlation between historical values of G6 Materials' Other Current Liab 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 Other Current Liab of G6 Materials Corp 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 Other Current Liab i.e., G6 Materials' Other Current Liab and Retained Earnings go up and down completely randomly.

Correlation Coefficient

-0.66
Relationship DirectionNegative 
Relationship StrengthWeak

Other Current Liab

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 G6 Materials' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into G6 Materials 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 G6 Materials 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.
Issuance Of Capital Stock is likely to climb to about 5.1 M in 2024, whereas Selling General Administrative is likely to drop slightly above 1.4 M in 2024.

G6 Materials fundamental ratios Correlations

0.250.990.27-0.95-0.530.960.32-0.210.96-0.080.560.370.990.460.050.990.340.75-0.57-0.360.590.540.580.05-0.58
0.250.16-0.19-0.04-0.850.110.16-0.190.110.160.660.930.230.91-0.750.230.820.45-0.69-0.490.850.360.570.84-0.78
0.990.160.28-0.97-0.460.970.28-0.20.97-0.10.490.270.990.390.120.990.250.72-0.5-0.30.530.480.54-0.02-0.52
0.27-0.190.28-0.17-0.070.170.710.310.17-0.340.270.030.180.01-0.050.210.030.19-0.09-0.370.080.510.11-0.070.11
-0.95-0.04-0.97-0.170.3-0.99-0.120.2-0.990.14-0.33-0.14-0.97-0.23-0.32-0.95-0.11-0.570.350.17-0.38-0.32-0.350.090.4
-0.53-0.85-0.46-0.070.3-0.34-0.340.29-0.34-0.14-0.89-0.82-0.51-0.960.77-0.51-0.87-0.770.870.63-0.97-0.57-0.86-0.660.89
0.960.110.970.17-0.99-0.340.13-0.191.0-0.130.340.210.970.290.270.970.130.58-0.36-0.190.430.340.37-0.02-0.43
0.320.160.280.71-0.12-0.340.130.120.13-0.170.590.440.190.2-0.30.230.480.26-0.54-0.560.260.810.29-0.06-0.23
-0.21-0.19-0.20.310.20.29-0.190.12-0.190.23-0.18-0.11-0.23-0.250.06-0.22-0.24-0.240.25-0.11-0.290.09-0.29-0.150.43
0.960.110.970.17-0.99-0.341.00.13-0.19-0.130.340.210.970.290.270.970.130.58-0.36-0.190.430.340.37-0.02-0.43
-0.080.16-0.1-0.340.14-0.14-0.13-0.170.23-0.130.070.14-0.060.17-0.28-0.010.10.1-0.16-0.360.120.210.15-0.03-0.03
0.560.660.490.27-0.33-0.890.340.59-0.180.340.070.740.50.77-0.660.50.930.7-0.94-0.710.810.720.780.42-0.8
0.370.930.270.03-0.14-0.820.210.44-0.110.210.140.740.320.84-0.690.330.850.48-0.74-0.650.810.620.550.72-0.71
0.990.230.990.18-0.97-0.510.970.19-0.230.97-0.060.50.320.440.090.990.290.74-0.51-0.30.580.440.560.06-0.56
0.460.910.390.01-0.23-0.960.290.2-0.250.290.170.770.840.44-0.780.450.80.7-0.76-0.580.980.480.780.79-0.85
0.05-0.750.12-0.05-0.320.770.27-0.30.060.27-0.28-0.66-0.690.09-0.780.06-0.74-0.430.630.67-0.71-0.48-0.59-0.70.53
0.990.230.990.21-0.95-0.510.970.23-0.220.97-0.010.50.330.990.450.060.280.74-0.53-0.340.590.490.560.04-0.55
0.340.820.250.03-0.11-0.870.130.48-0.240.130.10.930.850.290.8-0.740.280.5-0.92-0.640.780.590.650.57-0.83
0.750.450.720.19-0.57-0.770.580.26-0.240.580.10.70.480.740.7-0.430.740.5-0.65-0.490.790.530.910.3-0.64
-0.57-0.69-0.5-0.090.350.87-0.36-0.540.25-0.36-0.16-0.94-0.74-0.51-0.760.63-0.53-0.92-0.650.68-0.79-0.7-0.72-0.340.86
-0.36-0.49-0.3-0.370.170.63-0.19-0.56-0.11-0.19-0.36-0.71-0.65-0.3-0.580.67-0.34-0.64-0.490.68-0.59-0.87-0.42-0.410.34
0.590.850.530.08-0.38-0.970.430.26-0.290.430.120.810.810.580.98-0.710.590.780.79-0.79-0.590.540.840.7-0.87
0.540.360.480.51-0.32-0.570.340.810.090.340.210.720.620.440.48-0.480.490.590.53-0.7-0.870.540.490.14-0.36
0.580.570.540.11-0.35-0.860.370.29-0.290.370.150.780.550.560.78-0.590.560.650.91-0.72-0.420.840.490.35-0.75
0.050.84-0.02-0.070.09-0.66-0.02-0.06-0.15-0.02-0.030.420.720.060.79-0.70.040.570.3-0.34-0.410.70.140.35-0.5
-0.58-0.78-0.520.110.40.89-0.43-0.230.43-0.43-0.03-0.8-0.71-0.56-0.850.53-0.55-0.83-0.640.860.34-0.87-0.36-0.75-0.5
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G6 Materials Account Relationship Matchups

G6 Materials fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.2M5.9M3.8M1.4M1.7M1.6M
Total Current Liabilities449.1K237.7K262.0K469.5K540.0K567.0K
Total Stockholder Equity716.6K5.5M3.5M971.5K1.1M1.4M
Property Plant And Equipment Net119.5K262.1K227.2K171.5K197.2K226.7K
Net Debt(422.8K)(4.6M)(2.0M)(329.8K)(296.8K)(311.7K)
Retained Earnings(10.4M)(11.5M)(16.2M)(18.9M)(17.1M)(16.2M)
Cash561.7K4.9M2.1M390.4K449.0K827.7K
Non Current Assets Total381.3K480.3K401.7K302.4K347.7K418.9K
Cash And Short Term Investments561.7K4.9M2.1M390.4K449.0K827.7K
Net Receivables8.6K24.9K51.7K55.3K63.6K43.1K
Liabilities And Stockholders Equity1.2M5.9M3.8M1.4M1.7M1.6M
Total Liab449.1K387.4K262.0K469.5K540.0K567.0K
Total Current Assets784.4K5.4M3.4M1.1M1.3M1.2M
Common Stock Shares Outstanding8.2M10.3M12.8M16.4M18.8M19.8M
Net Tangible Assets454.8K5.3M3.3M840.6K966.6K1.4M
Accounts Payable214.8K137.6K135.6K215.8K248.1K154.9K
Other Current Assets(1.0)141.7K219.1K118.6K136.4K82.6K
Common Stock7.4M8.3M13.8M16.5M19.0M19.9M
Property Plant Equipment119.5K262.1K227.2K171.5K197.2K219.7K
Inventory162.1K386.9K970.0K574.3K660.5K417.9K
Accumulated Other Comprehensive Income(82.8K)108.4K(94.0K)(164.4K)(147.9K)(140.5K)
Other Current Liab310.2K150.2K148.4K408.9K470.2K493.8K
Intangible Assets261.8K218.2K174.5K130.9K117.8K226.9K
Net Invested Capital799.9K5.5M3.5M971.5K1.1M2.1M
Net Working Capital335.3K5.2M3.1M669.1K769.4K731.0K

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Additional Tools for GGG Stock Analysis

When running G6 Materials' price analysis, check to measure G6 Materials' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy G6 Materials is operating at the current time. Most of G6 Materials' value examination focuses on studying past and present price action to predict the probability of G6 Materials' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move G6 Materials' price. Additionally, you may evaluate how the addition of G6 Materials to your portfolios can decrease your overall portfolio volatility.