Granada Total Stockholder Equity vs Total Current Assets 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 Total Stockholder Equity and its Total Current Assets 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.
Total Stockholder Equity vs Total Current Assets
Total Stockholder Equity vs Total Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Granada Gold Mine Total Stockholder Equity account and Total Current Assets. At this time, the significance of the direction appears to have weak relationship.
The correlation between Granada Gold's Total Stockholder Equity and Total Current Assets is 0.36. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Total Current Assets 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 Total Stockholder Equity and Total Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Stockholder Equity of Granada Gold Mine are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Total Stockholder Equity i.e., Granada Gold's Total Stockholder Equity and Total Current Assets go up and down completely randomly.
Correlation Coefficient | 0.36 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.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
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Granada Gold Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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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