Granada Average Payables vs Free Cash Flow Per Share 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 Average Payables and its Free Cash Flow Per Share 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.

Average Payables vs Free Cash Flow Per Share

Average Payables vs Free Cash Flow Per Share Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Granada Gold Mine Average Payables account and Free Cash Flow Per Share. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Granada Gold's Average Payables and Free Cash Flow Per Share is 0.52. Overlapping area represents the amount of variation of Average Payables that can explain the historical movement of Free Cash Flow Per Share 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 Average Payables and Free Cash Flow Per Share is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Average Payables of Granada Gold Mine are associated (or correlated) with its Free Cash Flow Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow Per Share has no effect on the direction of Average Payables i.e., Granada Gold's Average Payables and Free Cash Flow Per Share go up and down completely randomly.

Correlation Coefficient

0.52

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Average Payables

The average amount owed to suppliers and creditors over a specific period, reflecting the company's payment cycle and credit terms with suppliers.

Free Cash Flow Per Share

The amount of cash a company generates after accounting for capital expenditures, divided by the number of outstanding shares. It represents the cash available for dividends, share buybacks, or debt repayment per share.

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

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Property Plant And Equipment Net	Accounts Payable	Non Currrent Assets Other	Other Stockholder Equity	Inventory	Other Current Assets	Net Tangible Assets	Other Assets	Property Plant Equipment
Total Assets		0.29	-0.46	-0.38	0.71	0.13	0.52	0.38	0.58	0.32	0.71	-0.45	-0.31	-0.38	0.7	0.29	-0.44	0.67	-0.07	0.21	0.09	0.02	0.21	0.47	0.23	-0.2
Short Long Term Debt Total	0.29		0.17	0.32	-0.19	0.68	-0.53	0.32	-0.31	0.32	0.6	0.15	0.18	0.32	0.62	1.0	0.6	-0.27	0.03	0.17	-0.13	0.08	0.28	-0.14	0.13	0.37
Other Current Liab	-0.46	0.17		0.98	-0.91	0.67	-0.69	-0.32	-0.33	-0.14	-0.29	0.98	0.88	0.98	-0.26	0.17	0.69	-0.37	-0.29	-0.03	-0.69	-0.36	0.18	-0.83	-0.06	0.82
Total Current Liabilities	-0.38	0.32	0.98		-0.89	0.74	-0.74	-0.21	-0.4	-0.03	-0.15	0.97	0.86	1.0	-0.11	0.32	0.74	-0.4	-0.2	-0.03	-0.63	-0.28	0.2	-0.8	-0.06	0.8
Total Stockholder Equity	0.71	-0.19	-0.91	-0.89		-0.51	0.84	0.29	0.57	0.14	0.41	-0.89	-0.79	-0.89	0.36	-0.19	-0.8	0.62	0.16	0.11	0.53	0.28	-0.13	0.82	0.14	-0.72
Net Debt	0.13	0.68	0.67	0.74	-0.51		-0.55	-0.14	-0.05	-0.06	0.21	0.62	0.59	0.74	0.21	0.68	0.57	-0.14	-0.44	0.29	-0.75	-0.13	0.27	-0.51	0.24	0.75
Retained Earnings	0.52	-0.53	-0.69	-0.74	0.84	-0.55		0.12	0.68	0.0	0.1	-0.7	-0.6	-0.73	0.03	-0.53	-0.96	0.84	0.07	-0.11	0.33	0.24	-0.26	0.58	-0.07	-0.66
Cash	0.38	0.32	-0.32	-0.21	0.29	-0.14	0.12		-0.11	0.96	0.46	-0.36	-0.3	-0.21	0.55	0.32	-0.1	0.08	0.22	-0.1	0.5	0.12	-0.04	0.28	-0.11	-0.42
Non Current Assets Total	0.58	-0.31	-0.33	-0.4	0.57	-0.05	0.68	-0.11		-0.18	-0.12	-0.39	-0.36	-0.4	-0.17	-0.31	-0.65	0.7	-0.45	0.52	-0.25	0.02	-0.13	0.51	0.57	-0.11
Cash And Short Term Investments	0.32	0.32	-0.14	-0.03	0.14	-0.06	0.0	0.96	-0.18		0.46	-0.16	-0.12	-0.04	0.54	0.32	0.03	0.04	0.17	-0.15	0.4	-0.11	-0.03	0.09	-0.16	-0.28
Net Receivables	0.71	0.6	-0.29	-0.15	0.41	0.21	0.1	0.46	-0.12	0.46		-0.22	-0.12	-0.15	0.97	0.6	-0.01	0.25	0.31	-0.18	0.32	0.03	0.16	0.14	-0.2	-0.18
Common Stock Shares Outstanding	-0.45	0.15	0.98	0.97	-0.89	0.62	-0.7	-0.36	-0.39	-0.16	-0.22		0.89	0.97	-0.19	0.15	0.71	-0.39	-0.18	-0.09	-0.62	-0.37	0.19	-0.82	-0.11	0.79
Non Current Liabilities Total	-0.31	0.18	0.88	0.86	-0.79	0.59	-0.6	-0.3	-0.36	-0.12	-0.12	0.89		0.87	-0.05	0.18	0.6	-0.22	-0.23	-0.24	-0.62	-0.41	0.39	-0.87	-0.25	0.78
Total Liab	-0.38	0.32	0.98	1.0	-0.89	0.74	-0.73	-0.21	-0.4	-0.04	-0.15	0.97	0.87		-0.11	0.32	0.74	-0.39	-0.2	-0.04	-0.63	-0.29	0.21	-0.81	-0.07	0.8
Total Current Assets	0.7	0.62	-0.26	-0.11	0.36	0.21	0.03	0.55	-0.17	0.54	0.97	-0.19	-0.05	-0.11		0.62	0.04	0.2	0.3	-0.21	0.32	0.02	0.36	0.12	-0.22	-0.14
Short Term Debt	0.29	1.0	0.17	0.32	-0.19	0.68	-0.53	0.32	-0.31	0.32	0.6	0.15	0.18	0.32	0.62		0.6	-0.27	0.03	0.17	-0.13	0.08	0.28	-0.14	0.13	0.37
Common Stock	-0.44	0.6	0.69	0.74	-0.8	0.57	-0.96	-0.1	-0.65	0.03	-0.01	0.71	0.6	0.74	0.04	0.6		-0.79	0.02	0.09	-0.31	-0.21	0.24	-0.55	0.06	0.69
Property Plant And Equipment Net	0.67	-0.27	-0.37	-0.4	0.62	-0.14	0.84	0.08	0.7	0.04	0.25	-0.39	-0.22	-0.39	0.2	-0.27	-0.79		-0.16	-0.19	-0.05	-0.02	-0.05	0.21	-0.15	-0.27
Accounts Payable	-0.07	0.03	-0.29	-0.2	0.16	-0.44	0.07	0.22	-0.45	0.17	0.31	-0.18	-0.23	-0.2	0.3	0.03	0.02	-0.16		-0.41	0.76	0.44	-0.07	0.26	-0.4	-0.47
Non Currrent Assets Other	0.21	0.17	-0.03	-0.03	0.11	0.29	-0.11	-0.1	0.52	-0.15	-0.18	-0.09	-0.24	-0.04	-0.21	0.17	0.09	-0.19	-0.41		-0.27	0.07	-0.12	0.47	1.0	0.18
Other Stockholder Equity	0.09	-0.13	-0.69	-0.63	0.53	-0.75	0.33	0.5	-0.25	0.4	0.32	-0.62	-0.62	-0.63	0.32	-0.13	-0.31	-0.05	0.76	-0.27		0.35	-0.22	0.57	-0.27	-0.78
Inventory	0.02	0.08	-0.36	-0.28	0.28	-0.13	0.24	0.12	0.02	-0.11	0.03	-0.37	-0.41	-0.29	0.02	0.08	-0.21	-0.02	0.44	0.07	0.35		-0.13	0.44	0.05	-0.37
Other Current Assets	0.21	0.28	0.18	0.2	-0.13	0.27	-0.26	-0.04	-0.13	-0.03	0.16	0.19	0.39	0.21	0.36	0.28	0.24	-0.05	-0.07	-0.12	-0.22	-0.13		-0.17	-0.09	0.4
Net Tangible Assets	0.47	-0.14	-0.83	-0.8	0.82	-0.51	0.58	0.28	0.51	0.09	0.14	-0.82	-0.87	-0.81	0.12	-0.14	-0.55	0.21	0.26	0.47	0.57	0.44	-0.17		0.49	-0.66
Other Assets	0.23	0.13	-0.06	-0.06	0.14	0.24	-0.07	-0.11	0.57	-0.16	-0.2	-0.11	-0.25	-0.07	-0.22	0.13	0.06	-0.15	-0.4	1.0	-0.27	0.05	-0.09	0.49		0.18
Property Plant Equipment	-0.2	0.37	0.82	0.8	-0.72	0.75	-0.66	-0.42	-0.11	-0.28	-0.18	0.79	0.78	0.8	-0.14	0.37	0.69	-0.27	-0.47	0.18	-0.78	-0.37	0.4	-0.66	0.18

Click cells to compare fundamentals

Granada Gold Account Relationship Matchups

Granada Gold fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	996.8K	3.8M	2.2M	892.1K	802.9K	762.7K
Short Long Term Debt Total	1.6M	1.8M	1.2M	1.3M	1.5M	746.6K
Other Current Liab	5.8M	6.4M	7.9M	8.7M	10.0M	10.5M
Total Current Liabilities	7.9M	9.0M	9.4M	11.0M	12.6M	13.3M
Total Stockholder Equity	(7.3M)	(5.6M)	(7.6M)	(10.4M)	(9.4M)	(8.9M)
Net Debt	1.4M	1.6M	1.1M	1.3M	1.5M	1.5M
Retained Earnings	(76.0M)	(79.4M)	(82.2M)	(84.5M)	(76.1M)	(72.3M)
Cash	267.9K	193.1K	132.2K	15.4K	17.7K	16.8K
Non Current Assets Total	314.3K	568.8K	551.8K	515.2K	463.7K	440.5K
Cash And Short Term Investments	267.9K	193.1K	417.9K	134.5K	154.7K	146.9K
Net Receivables	413.6K	1.4M	1.1M	236.6K	272.1K	258.5K
Common Stock Shares Outstanding	81.0M	107.5M	136.3M	150.5M	173.1M	181.8M
Liabilities And Stockholders Equity	996.8K	3.8M	2.2M	892.1K	802.9K	762.7K
Non Current Liabilities Total	380.1K	391.4K	394.5K	349.6K	402.1K	422.2K
Total Liab	8.3M	9.4M	9.8M	11.3M	13.0M	13.7M
Total Current Assets	682.5K	3.2M	1.7M	376.9K	433.4K	411.7K
Short Term Debt	1.6M	1.8M	1.2M	1.3M	1.5M	743.5K
Common Stock	65.5M	70.4M	72.0M	72.1M	82.9M	59.1M
Property Plant And Equipment Net	142.5K	196.4K	179.3K	130.8K	117.7K	111.8K
Accounts Payable	421.2K	862.6K	369.8K	1.0M	1.2M	757.5K
Other Stockholder Equity	3.7M	3.2M	3.4M	2.6M	2.3M	2.2M
Accumulated Other Comprehensive Income	3.2M	3.4M	2.6M	2.0M	1.8M	3.3M
Net Tangible Assets	(6.2M)	(7.3M)	(5.6M)	(7.6M)	(6.8M)	(7.2M)
Property Plant Equipment	136.9K	142.5K	196.4K	179.3K	206.2K	134.8K
Short Long Term Debt	1.6M	1.8M	1.2M	1.3M	1.5M	1.5M
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 Stock	65.5M	70.4M	72.0M	72.1M	82.9M	75.4M

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.

Explore Investing Ideas

Additional Tools for Granada Stock Analysis

When running Granada Gold's price analysis, check to measure Granada Gold's 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 Granada Gold is operating at the current time. Most of Granada Gold's value examination focuses on studying past and present price action to predict the probability of Granada Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Granada Gold's price. Additionally, you may evaluate how the addition of Granada Gold to your portfolios can decrease your overall portfolio volatility.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC