Goldbank Total Current Assets vs Common Stock Shares Outstanding Analysis

GLB Stock  CAD 0.18  0.00  0.00%   
Goldbank Mining financial indicator trend analysis is much more than just examining Goldbank Mining Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Goldbank Mining Corp is a good investment. Please check the relationship between Goldbank Mining Total Current Assets and its Common Stock Shares Outstanding accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Goldbank Mining 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.

Total Current Assets vs Common Stock Shares Outstanding

Total Current Assets vs Common Stock Shares Outstanding Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Goldbank Mining Corp Total Current Assets account and Common Stock Shares Outstanding. At this time, the significance of the direction appears to have very week relationship.
The correlation between Goldbank Mining's Total Current Assets and Common Stock Shares Outstanding is 0.29. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Common Stock Shares Outstanding in the same time period over historical financial statements of Goldbank Mining Corp, assuming nothing else is changed. The correlation between historical values of Goldbank Mining's Total Current Assets and Common Stock Shares Outstanding 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 Current Assets of Goldbank Mining Corp are associated (or correlated) with its Common Stock Shares Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Shares Outstanding has no effect on the direction of Total Current Assets i.e., Goldbank Mining's Total Current Assets and Common Stock Shares Outstanding go up and down completely randomly.

Correlation Coefficient

0.29
Relationship DirectionPositive 
Relationship StrengthVery Weak

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.

Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.
Most indicators from Goldbank Mining's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Goldbank Mining 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 Goldbank Mining 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.
Selling General Administrative is likely to climb to about 627.3 K in 2024. Issuance Of Capital Stock is likely to climb to about 2.6 M in 2024
 2021 2022 2023 2024 (projected)
Total Operating Expenses203.8K295.9K809.1K411.3K
Cost Of Revenue429.02.3K3.1K5.4K

Goldbank Mining fundamental ratios Correlations

0.540.97-0.94-0.96-0.910.40.470.09-0.810.97-0.780.78-0.770.960.97-0.380.70.920.91-0.880.73-0.83-0.81-0.380.67
0.540.48-0.44-0.53-0.43-0.010.02-0.2-0.860.48-0.60.36-0.60.560.58-0.110.670.470.57-0.480.2-0.31-0.29-0.110.14
0.970.48-0.98-0.97-0.90.250.330.1-0.731.0-0.770.67-0.760.940.96-0.320.650.90.87-0.890.77-0.88-0.85-0.320.68
-0.94-0.44-0.980.950.96-0.17-0.24-0.10.74-0.980.76-0.610.75-0.91-0.920.48-0.62-0.93-0.870.87-0.780.940.920.48-0.76
-0.96-0.53-0.970.950.87-0.35-0.42-0.080.76-0.970.79-0.750.79-0.88-0.930.31-0.69-0.84-0.810.88-0.620.810.780.31-0.57
-0.91-0.43-0.90.960.87-0.16-0.21-0.050.79-0.90.74-0.550.73-0.9-0.890.68-0.56-0.97-0.920.82-0.840.950.960.68-0.88
0.4-0.010.25-0.17-0.35-0.160.97-0.11-0.120.25-0.290.7-0.290.310.320.10.250.220.24-0.440.06-0.1-0.080.10.0
0.470.020.33-0.24-0.42-0.210.97-0.02-0.150.33-0.30.81-0.30.350.370.120.360.250.26-0.470.09-0.15-0.130.120.02
0.09-0.20.1-0.1-0.08-0.05-0.11-0.020.090.10.480.20.48-0.010.05-0.06-0.24-0.01-0.030.060.1-0.03-0.04-0.060.11
-0.81-0.86-0.730.740.760.79-0.12-0.150.09-0.730.75-0.540.75-0.81-0.820.5-0.72-0.8-0.840.67-0.530.650.650.5-0.55
0.970.481.0-0.98-0.97-0.90.250.330.1-0.73-0.770.67-0.760.940.96-0.320.650.90.87-0.890.77-0.88-0.85-0.320.68
-0.78-0.6-0.770.760.790.74-0.29-0.30.480.75-0.77-0.481.0-0.79-0.810.3-0.72-0.75-0.750.74-0.520.660.650.3-0.49
0.780.360.67-0.61-0.75-0.550.70.810.2-0.540.67-0.48-0.480.630.67-0.10.720.540.53-0.640.29-0.46-0.43-0.10.25
-0.77-0.6-0.760.750.790.73-0.29-0.30.480.75-0.761.0-0.48-0.79-0.80.29-0.72-0.75-0.750.73-0.520.660.640.29-0.48
0.960.560.94-0.91-0.88-0.90.310.35-0.01-0.810.94-0.790.63-0.790.99-0.420.640.950.98-0.890.84-0.84-0.83-0.420.75
0.970.580.96-0.92-0.93-0.890.320.370.05-0.820.96-0.810.67-0.80.99-0.370.650.920.94-0.870.78-0.81-0.79-0.370.69
-0.38-0.11-0.320.480.310.680.10.12-0.060.5-0.320.3-0.10.29-0.42-0.37-0.11-0.61-0.570.27-0.580.590.661.0-0.8
0.70.670.65-0.62-0.69-0.560.250.36-0.24-0.720.65-0.720.72-0.720.640.65-0.110.560.57-0.570.26-0.52-0.48-0.110.23
0.920.470.9-0.93-0.84-0.970.220.25-0.01-0.80.9-0.750.54-0.750.950.92-0.610.560.97-0.860.89-0.94-0.94-0.610.88
0.910.570.87-0.87-0.81-0.920.240.26-0.03-0.840.87-0.750.53-0.750.980.94-0.570.570.97-0.840.87-0.85-0.85-0.570.82
-0.88-0.48-0.890.870.880.82-0.44-0.470.060.67-0.890.74-0.640.73-0.89-0.870.27-0.57-0.86-0.84-0.690.850.810.27-0.59
0.730.20.77-0.78-0.62-0.840.060.090.1-0.530.77-0.520.29-0.520.840.78-0.580.260.890.87-0.69-0.84-0.86-0.580.95
-0.83-0.31-0.880.940.810.95-0.1-0.15-0.030.65-0.880.66-0.460.66-0.84-0.810.59-0.52-0.94-0.850.85-0.841.00.59-0.85
-0.81-0.29-0.850.920.780.96-0.08-0.13-0.040.65-0.850.65-0.430.64-0.83-0.790.66-0.48-0.94-0.850.81-0.861.00.66-0.89
-0.38-0.11-0.320.480.310.680.10.12-0.060.5-0.320.3-0.10.29-0.42-0.371.0-0.11-0.61-0.570.27-0.580.590.66-0.8
0.670.140.68-0.76-0.57-0.880.00.020.11-0.550.68-0.490.25-0.480.750.69-0.80.230.880.82-0.590.95-0.85-0.89-0.8
Click cells to compare fundamentals

Goldbank Mining Account Relationship Matchups

Goldbank Mining fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets5.4M6.0M5.5M5.7M6.1M5.5M
Other Current Liab8.5M2.1M2.3M2.6M3.0M2.8M
Total Current Liabilities8.7M10.0M11.4M11.9M12.2M9.0M
Total Stockholder Equity(3.3M)(4.1M)(5.9M)(6.2M)(6.1M)(5.8M)
Net Tangible Assets(1.9M)(3.5M)(3.3M)(4.1M)(3.6M)(3.5M)
Retained Earnings(29.3M)(30.5M)(32.3M)(34.8M)(37.6M)(39.5M)
Accounts Payable115.1K6.4M7.7M11.2K574.7K546.0K
Cash293.6K496.5K19.6K44.9K21.9K20.8K
Net Receivables15.1K23.8K33.2K54.6K70.7K38.3K
Total Liab8.7M10.0M11.4M11.9M12.2M9.0M
Short Long Term Debt1K34K8.1K5K4.5K4.3K
Total Current Assets401.5K888.4K402.6K287.9K256.9K347.2K
Common Stock22.6M23.1M23.7M24.2M27.8M23.4M
Property Plant Equipment4.8M4.9M5.0M5.1M5.8M4.9M
Short Term Investments92.7K367.0K349.4K188.0K164.3K217.8K
Non Current Assets Total5.0M5.1M5.1M5.4M5.8M5.6M
Common Stock Shares Outstanding74.2M81.8M89.9M119.9M169.9M108.5M
Net Invested Capital(3.3M)(4.0M)(5.9M)(6.2M)(6.1M)(6.4M)
Net Working Capital(8.3M)(9.1M)(11.0M)(11.7M)(11.9M)(12.5M)

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 Goldbank Stock Analysis

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