Granada Free Cash Flow Yield vs Capex To Depreciation Analysis

GGM Stock

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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 Free Cash Flow Yield and its Capex To Depreciation 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.

Free Cash Flow Yield vs Capex To Depreciation

Free Cash Flow Yield vs Capex To Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Granada Gold Mine Free Cash Flow Yield account and Capex To Depreciation. At this time, the significance of the direction appears to have pay attention.

The correlation between Granada Gold's Free Cash Flow Yield and Capex To Depreciation is -0.85. Overlapping area represents the amount of variation of Free Cash Flow Yield that can explain the historical movement of Capex To Depreciation 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 Free Cash Flow Yield and Capex To Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow Yield of Granada Gold Mine are associated (or correlated) with its Capex To Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capex To Depreciation has no effect on the direction of Free Cash Flow Yield i.e., Granada Gold's Free Cash Flow Yield and Capex To Depreciation go up and down completely randomly.

Correlation Coefficient

-0.85

Relationship Direction	Negative
Relationship Strength	Significant

View All Relationships

Free Cash Flow Yield

A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.

Capex To Depreciation

The ratio of a company's capital expenditures to its depreciation expenses, indicating how much the company is investing in physical assets relative to the aging of existing assets.

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

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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

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