Golden Capital Expenditures vs Free Cash Flow Analysis

GLDN Stock

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Golden Ridge financial indicator trend analysis is much more than just examining Golden Ridge Resources latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Golden Ridge Resources is a good investment. Please check the relationship between Golden Ridge Capital Expenditures and its Free Cash Flow accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Golden Ridge Resources. 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.

Capital Expenditures vs Free Cash Flow

Capital Expenditures vs Free Cash Flow Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Golden Ridge Resources Capital Expenditures account and Free Cash Flow. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Golden Ridge's Capital Expenditures and Free Cash Flow is -0.31. Overlapping area represents the amount of variation of Capital Expenditures that can explain the historical movement of Free Cash Flow in the same time period over historical financial statements of Golden Ridge Resources, assuming nothing else is changed. The correlation between historical values of Golden Ridge's Capital Expenditures and Free Cash Flow is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Expenditures of Golden Ridge Resources are associated (or correlated) with its Free Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow has no effect on the direction of Capital Expenditures i.e., Golden Ridge's Capital Expenditures and Free Cash Flow go up and down completely randomly.

Correlation Coefficient

-0.31

Relationship Direction	Negative
Relationship Strength	Insignificant

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Capital Expenditures

Capital Expenditures are funds used by Golden Ridge Resources to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Golden Ridge operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Most indicators from Golden Ridge's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Golden Ridge Resources 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 Golden Ridge Resources. 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 846 K in 2024, whereas Issuance Of Capital Stock is likely to drop 0.00 in 2024.

Golden Ridge fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Other Assets	Net Receivables	Total Liab	Total Current Assets	Common Stock	Property Plant Equipment	Common Stock Shares Outstanding	Other Current Assets	Other Current Liab	Short Term Investments	Other Stockholder Equity	Net Invested Capital	Net Working Capital	Capital Stock	Property Plant And Equipment Net	Property Plant And Equipment Gross
Total Assets		0.77	1.0	0.96	-0.65	0.7	0.77	0.76	0.7	0.77	0.86	0.81	0.88	0.75	0.59	-0.89	0.43	-0.7	0.82	0.21	0.55	-0.56	-0.56
Total Current Liabilities	0.77		0.75	0.74	-0.38	0.84	0.48	0.66	0.61	1.0	0.68	0.55	0.67	0.44	0.92	-0.55	0.26	-0.37	0.5	0.05	0.25	-0.23	-0.23
Total Stockholder Equity	1.0	0.75		0.96	-0.66	0.68	0.78	0.76	0.7	0.75	0.86	0.81	0.88	0.76	0.57	-0.9	0.43	-0.7	0.83	0.22	0.56	-0.57	-0.57
Net Tangible Assets	0.96	0.74	0.96		-0.76	0.74	0.74	0.82	0.6	0.74	0.85	0.87	0.85	0.85	0.5	-0.92	0.57	-0.79	0.72	0.16	0.67	-0.65	-0.65
Retained Earnings	-0.65	-0.38	-0.66	-0.76		-0.63	-0.72	-0.9	-0.13	-0.38	-0.75	-0.96	-0.41	-0.96	-0.03	0.84	-0.95	0.98	-0.28	-0.44	-0.98	0.96	0.96
Accounts Payable	0.7	0.84	0.68	0.74	-0.63		0.4	0.88	0.42	0.84	0.6	0.73	0.62	0.59	0.68	-0.74	0.61	-0.62	0.42	0.09	0.5	-0.48	-0.47
Cash	0.77	0.48	0.78	0.74	-0.72	0.4		0.68	0.45	0.48	0.96	0.77	0.42	0.83	0.26	-0.7	0.5	-0.76	0.59	0.74	0.75	-0.78	-0.79
Other Assets	0.76	0.66	0.76	0.82	-0.9	0.88	0.68		0.27	0.66	0.78	0.93	0.57	0.87	0.39	-0.88	0.82	-0.91	0.45	0.36	0.83	-0.8	-0.8
Net Receivables	0.7	0.61	0.7	0.6	-0.13	0.42	0.45	0.27		0.61	0.57	0.32	0.64	0.28	0.66	-0.5	-0.04	-0.13	0.72	0.13	0.04	-0.13	-0.13
Total Liab	0.77	1.0	0.75	0.74	-0.38	0.84	0.48	0.66	0.61		0.67	0.55	0.67	0.44	0.92	-0.55	0.26	-0.37	0.5	0.05	0.25	-0.23	-0.23
Total Current Assets	0.86	0.68	0.86	0.85	-0.75	0.6	0.96	0.78	0.57	0.67		0.82	0.53	0.86	0.47	-0.77	0.55	-0.77	0.61	0.63	0.74	-0.77	-0.77
Common Stock	0.81	0.55	0.81	0.87	-0.96	0.73	0.77	0.93	0.32	0.55	0.82		0.61	0.95	0.22	-0.92	0.87	-0.95	0.46	0.37	0.9	-0.89	-0.89
Property Plant Equipment	0.88	0.67	0.88	0.85	-0.41	0.62	0.42	0.57	0.64	0.67	0.53	0.61		0.49	0.56	-0.79	0.23	-0.47	0.8	-0.24	0.26	-0.25	-0.25
Common Stock Shares Outstanding	0.75	0.44	0.76	0.85	-0.96	0.59	0.83	0.87	0.28	0.44	0.86	0.95	0.49		0.12	-0.87	0.83	-0.97	0.44	0.49	0.96	-0.94	-0.94
Other Current Assets	0.59	0.92	0.57	0.5	-0.03	0.68	0.26	0.39	0.66	0.92	0.47	0.22	0.56	0.12		-0.31	-0.09	-0.04	0.5	-0.03	-0.09	0.09	0.09
Other Current Liab	-0.89	-0.55	-0.9	-0.92	0.84	-0.74	-0.7	-0.88	-0.5	-0.55	-0.77	-0.92	-0.79	-0.87	-0.31		-0.69	0.88	-0.72	-0.24	-0.76	0.76	0.76
Short Term Investments	0.43	0.26	0.43	0.57	-0.95	0.61	0.5	0.82	-0.04	0.26	0.55	0.87	0.23	0.83	-0.09	-0.69		-0.88	0.01	0.34	0.91	-0.9	-0.9
Other Stockholder Equity	-0.7	-0.37	-0.7	-0.79	0.98	-0.62	-0.76	-0.91	-0.13	-0.37	-0.77	-0.95	-0.47	-0.97	-0.04	0.88	-0.88		-0.41	-0.45	-0.97	0.94	0.94
Net Invested Capital	0.82	0.5	0.83	0.72	-0.28	0.42	0.59	0.45	0.72	0.5	0.61	0.46	0.8	0.44	0.5	-0.72	0.01	-0.41		0.17	0.23	-0.25	-0.25
Net Working Capital	0.21	0.05	0.22	0.16	-0.44	0.09	0.74	0.36	0.13	0.05	0.63	0.37	-0.24	0.49	-0.03	-0.24	0.34	-0.45	0.17		0.56	-0.63	-0.64
Capital Stock	0.55	0.25	0.56	0.67	-0.98	0.5	0.75	0.83	0.04	0.25	0.74	0.9	0.26	0.96	-0.09	-0.76	0.91	-0.97	0.23	0.56		-0.98	-0.98
Property Plant And Equipment Net	-0.56	-0.23	-0.57	-0.65	0.96	-0.48	-0.78	-0.8	-0.13	-0.23	-0.77	-0.89	-0.25	-0.94	0.09	0.76	-0.9	0.94	-0.25	-0.63	-0.98		1.0
Property Plant And Equipment Gross	-0.56	-0.23	-0.57	-0.65	0.96	-0.47	-0.79	-0.8	-0.13	-0.23	-0.77	-0.89	-0.25	-0.94	0.09	0.76	-0.9	0.94	-0.25	-0.64	-0.98	1.0

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Golden Ridge Account Relationship Matchups

Golden Ridge fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	8.7M	7.9M	8.6M	6.4M	6.1M	5.9M
Total Current Liabilities	158.1K	167.5K	232.3K	236.3K	333.7K	264.1K
Total Stockholder Equity	8.6M	7.7M	8.4M	6.2M	5.7M	5.7M
Net Tangible Assets	9.0M	8.6M	7.7M	8.4M	9.6M	5.4M
Retained Earnings	(4.8M)	(12.2M)	(13.9M)	(16.6M)	(17.2M)	(16.3M)
Accounts Payable	65.8K	105.9K	118.3K	236.3K	333.7K	350.4K
Cash	837.4K	3.9M	4.9M	2.6M	1.3M	1.9M
Net Receivables	359.5K	215.3K	397.4K	34.1K	39.2K	37.3K
Total Liab	158.1K	167.5K	232.3K	236.3K	333.7K	264.9K
Total Current Assets	1.2M	5.4M	5.6M	4.1M	2.8M	2.9M
Common Stock	11.7M	11.9M	18.0M	19.9M	22.9M	24.0M
Property Plant Equipment	5.7M	7.5M	2.4M	2.8M	3.2M	2.9M
Non Current Assets Total	7.5M	2.5M	3.0M	2.3M	3.3M	3.7M
Common Stock Shares Outstanding	19.7M	51.0M	57.2M	58.4M	58.5M	38.6M
Short Term Investments	103.6K	789.8K	638.3K	1.3M	1.4M	1.5M
Other Stockholder Equity	(112.8K)	(127.3K)	(230.0K)	(381.5K)	(343.3K)	(326.2K)
Net Invested Capital	8.6M	7.7M	8.4M	6.2M	5.7M	5.8M
Net Working Capital	1.0M	5.2M	5.4M	3.8M	2.4M	3.8M
Capital Stock	11.9M	18.0M	19.9M	19.9M	19.9M	18.6M

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