Granada Accounts Payable vs Other Stockholder Equity Analysis

GGM Stock  CAD 0.03  0.00  0.00%   
Granada Gold financial indicator trend analysis is much more than just examining Granada Gold Mine latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Granada Gold Mine is a good investment. Please check the relationship between Granada Gold Accounts Payable and its Other Stockholder Equity accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Granada Gold Mine. 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.

Accounts Payable vs Other Stockholder Equity

Accounts Payable vs Other Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Granada Gold Mine Accounts Payable account and Other Stockholder Equity. At this time, the significance of the direction appears to have strong relationship.
The correlation between Granada Gold's Accounts Payable and Other Stockholder Equity is 0.76. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Other Stockholder Equity in the same time period over historical financial statements of Granada Gold Mine, assuming nothing else is changed. The correlation between historical values of Granada Gold's Accounts Payable and Other Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Granada Gold Mine are associated (or correlated) with its Other Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Stockholder Equity has no effect on the direction of Accounts Payable i.e., Granada Gold's Accounts Payable and Other Stockholder Equity go up and down completely randomly.

Correlation Coefficient

0.76
Relationship DirectionPositive 
Relationship StrengthSignificant

Accounts Payable

An accounting item on the balance sheet that represents Granada Gold obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Granada Gold Mine are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.

Other Stockholder Equity

Most indicators from Granada Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Granada Gold Mine 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 Granada Gold Mine. 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, Granada Gold's Selling General Administrative is fairly stable compared to the past year. Discontinued Operations is likely to climb to about 564.2 K in 2024, whereas Enterprise Value Over EBITDA is likely to drop (3.13) in 2024.

Granada Gold fundamental ratios Correlations

0.29-0.46-0.380.710.130.520.380.580.320.71-0.45-0.31-0.380.70.29-0.440.67-0.070.210.090.020.210.470.23-0.2
0.290.170.32-0.190.68-0.530.32-0.310.320.60.150.180.320.621.00.6-0.270.030.17-0.130.080.28-0.140.130.37
-0.460.170.98-0.910.67-0.69-0.32-0.33-0.14-0.290.980.880.98-0.260.170.69-0.37-0.29-0.03-0.69-0.360.18-0.83-0.060.82
-0.380.320.98-0.890.74-0.74-0.21-0.4-0.03-0.150.970.861.0-0.110.320.74-0.4-0.2-0.03-0.63-0.280.2-0.8-0.060.8
0.71-0.19-0.91-0.89-0.510.840.290.570.140.41-0.89-0.79-0.890.36-0.19-0.80.620.160.110.530.28-0.130.820.14-0.72
0.130.680.670.74-0.51-0.55-0.14-0.05-0.060.210.620.590.740.210.680.57-0.14-0.440.29-0.75-0.130.27-0.510.240.75
0.52-0.53-0.69-0.740.84-0.550.120.680.00.1-0.7-0.6-0.730.03-0.53-0.960.840.07-0.110.330.24-0.260.58-0.07-0.66
0.380.32-0.32-0.210.29-0.140.12-0.110.960.46-0.36-0.3-0.210.550.32-0.10.080.22-0.10.50.12-0.040.28-0.11-0.42
0.58-0.31-0.33-0.40.57-0.050.68-0.11-0.18-0.12-0.39-0.36-0.4-0.17-0.31-0.650.7-0.450.52-0.250.02-0.130.510.57-0.11
0.320.32-0.14-0.030.14-0.060.00.96-0.180.46-0.16-0.12-0.040.540.320.030.040.17-0.150.4-0.11-0.030.09-0.16-0.28
0.710.6-0.29-0.150.410.210.10.46-0.120.46-0.22-0.12-0.150.970.6-0.010.250.31-0.180.320.030.160.14-0.2-0.18
-0.450.150.980.97-0.890.62-0.7-0.36-0.39-0.16-0.220.890.97-0.190.150.71-0.39-0.18-0.09-0.62-0.370.19-0.82-0.110.79
-0.310.180.880.86-0.790.59-0.6-0.3-0.36-0.12-0.120.890.87-0.050.180.6-0.22-0.23-0.24-0.62-0.410.39-0.87-0.250.78
-0.380.320.981.0-0.890.74-0.73-0.21-0.4-0.04-0.150.970.87-0.110.320.74-0.39-0.2-0.04-0.63-0.290.21-0.81-0.070.8
0.70.62-0.26-0.110.360.210.030.55-0.170.540.97-0.19-0.05-0.110.620.040.20.3-0.210.320.020.360.12-0.22-0.14
0.291.00.170.32-0.190.68-0.530.32-0.310.320.60.150.180.320.620.6-0.270.030.17-0.130.080.28-0.140.130.37
-0.440.60.690.74-0.80.57-0.96-0.1-0.650.03-0.010.710.60.740.040.6-0.790.020.09-0.31-0.210.24-0.550.060.69
0.67-0.27-0.37-0.40.62-0.140.840.080.70.040.25-0.39-0.22-0.390.2-0.27-0.79-0.16-0.19-0.05-0.02-0.050.21-0.15-0.27
-0.070.03-0.29-0.20.16-0.440.070.22-0.450.170.31-0.18-0.23-0.20.30.030.02-0.16-0.410.760.44-0.070.26-0.4-0.47
0.210.17-0.03-0.030.110.29-0.11-0.10.52-0.15-0.18-0.09-0.24-0.04-0.210.170.09-0.19-0.41-0.270.07-0.120.471.00.18
0.09-0.13-0.69-0.630.53-0.750.330.5-0.250.40.32-0.62-0.62-0.630.32-0.13-0.31-0.050.76-0.270.35-0.220.57-0.27-0.78
0.020.08-0.36-0.280.28-0.130.240.120.02-0.110.03-0.37-0.41-0.290.020.08-0.21-0.020.440.070.35-0.130.440.05-0.37
0.210.280.180.2-0.130.27-0.26-0.04-0.13-0.030.160.190.390.210.360.280.24-0.05-0.07-0.12-0.22-0.13-0.17-0.090.4
0.47-0.14-0.83-0.80.82-0.510.580.280.510.090.14-0.82-0.87-0.810.12-0.14-0.550.210.260.470.570.44-0.170.49-0.66
0.230.13-0.06-0.060.140.24-0.07-0.110.57-0.16-0.2-0.11-0.25-0.07-0.220.130.06-0.15-0.41.0-0.270.05-0.090.490.18
-0.20.370.820.8-0.720.75-0.66-0.42-0.11-0.28-0.180.790.780.8-0.140.370.69-0.27-0.470.18-0.78-0.370.4-0.660.18
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Granada Gold Account Relationship Matchups

Granada Gold fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets996.8K3.8M2.2M892.1K802.9K762.7K
Short Long Term Debt Total1.6M1.8M1.2M1.3M1.5M746.6K
Other Current Liab5.8M6.4M7.9M8.7M10.0M10.5M
Total Current Liabilities7.9M9.0M9.4M11.0M12.6M13.3M
Total Stockholder Equity(7.3M)(5.6M)(7.6M)(10.4M)(9.4M)(8.9M)
Net Debt1.4M1.6M1.1M1.3M1.5M1.5M
Retained Earnings(76.0M)(79.4M)(82.2M)(84.5M)(76.1M)(72.3M)
Cash267.9K193.1K132.2K15.4K17.7K16.8K
Non Current Assets Total314.3K568.8K551.8K515.2K463.7K440.5K
Cash And Short Term Investments267.9K193.1K417.9K134.5K154.7K146.9K
Net Receivables413.6K1.4M1.1M236.6K272.1K258.5K
Common Stock Shares Outstanding81.0M107.5M136.3M150.5M173.1M181.8M
Liabilities And Stockholders Equity996.8K3.8M2.2M892.1K802.9K762.7K
Non Current Liabilities Total380.1K391.4K394.5K349.6K402.1K422.2K
Total Liab8.3M9.4M9.8M11.3M13.0M13.7M
Total Current Assets682.5K3.2M1.7M376.9K433.4K411.7K
Short Term Debt1.6M1.8M1.2M1.3M1.5M743.5K
Common Stock65.5M70.4M72.0M72.1M82.9M59.1M
Property Plant And Equipment Net142.5K196.4K179.3K130.8K117.7K111.8K
Accounts Payable421.2K862.6K369.8K1.0M1.2M757.5K
Other Stockholder Equity3.7M3.2M3.4M2.6M2.3M2.2M
Accumulated Other Comprehensive Income3.2M3.4M2.6M2.0M1.8M3.3M
Net Tangible Assets(6.2M)(7.3M)(5.6M)(7.6M)(6.8M)(7.2M)
Property Plant Equipment136.9K142.5K196.4K179.3K206.2K134.8K
Short Long Term Debt1.6M1.8M1.2M1.3M1.5M1.5M
Net Invested Capital(5.6M)(3.8M)(6.4M)(9.2M)(8.2M)(7.8M)
Net Working Capital(7.2M)(5.8M)(7.8M)(10.6M)(9.5M)(10.0M)
Capital Stock65.5M70.4M72.0M72.1M82.9M75.4M

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