Golden Book Value Per Share vs Net Income Per Share Analysis

GNG Stock  CAD 0.03  0.01  25.00%   
Golden Goliath financial indicator trend analysis is much more than just examining Golden Goliath Resources latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Golden Goliath Resources is a good investment. Please check the relationship between Golden Goliath Book Value Per Share and its Net Income Per Share accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Golden Goliath 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.

Book Value Per Share vs Net Income Per Share

Book Value Per Share vs Net Income Per Share Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Golden Goliath Resources Book Value Per Share account and Net Income Per Share. At this time, the significance of the direction appears to have strong contrarian relationship.
Book Value Per ShareNet Income Per ShareDiversified AwayBook Value Per ShareNet Income Per ShareDiversified Away100%
The correlation between Golden Goliath's Book Value Per Share and Net Income Per Share is -0.59. Overlapping area represents the amount of variation of Book Value Per Share that can explain the historical movement of Net Income Per Share in the same time period over historical financial statements of Golden Goliath Resources, assuming nothing else is changed. The correlation between historical values of Golden Goliath's Book Value Per Share and Net Income 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 Book Value Per Share of Golden Goliath Resources are associated (or correlated) with its Net Income Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income Per Share has no effect on the direction of Book Value Per Share i.e., Golden Goliath's Book Value Per Share and Net Income Per Share go up and down completely randomly.

Correlation Coefficient

-0.59
Relationship DirectionNegative 
Relationship StrengthVery Weak

Book Value Per Share

The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.

Net Income Per Share

Most indicators from Golden Goliath's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Golden Goliath 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 Goliath 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 drop to about 249.1 K in 2024. Issuance Of Capital Stock is likely to drop to about 160.5 K in 2024
 2021 2022 2023 2024 (projected)
Other Operating Expenses543.3K513.7K462.4K597.9K
Depreciation And Amortization228.5K167.9K193.1K202.7K

Golden Goliath fundamental ratios Correlations

-0.490.990.79-0.020.250.010.010.87-0.010.280.2-0.1-0.440.280.030.430.17-0.25-0.310.430.560.390.010.010.01
-0.49-0.58-0.10.43-0.43-0.02-0.39-0.22-0.36-0.52-0.430.320.99-0.530.29-0.27-0.110.770.45-0.41-0.540.00.00.00.0
0.99-0.580.75-0.070.280.020.060.840.030.330.23-0.12-0.540.330.00.420.18-0.33-0.330.460.580.36-0.01-0.01-0.01
0.79-0.10.750.51-0.14-0.1-0.520.95-0.43-0.3-0.280.27-0.03-0.30.410.51-0.240.150.00.260.250.51-0.15-0.15-0.15
-0.020.43-0.070.51-0.490.03-0.990.38-0.58-0.81-0.370.460.48-0.80.480.26-0.350.420.27-0.2-0.270.37-0.12-0.12-0.12
0.25-0.430.28-0.14-0.49-0.30.50.130.920.260.54-0.82-0.430.28-0.910.220.38-0.28-0.43-0.020.610.310.180.180.18
0.01-0.020.02-0.10.03-0.3-0.07-0.18-0.140.350.440.42-0.090.360.34-0.50.42-0.320.150.45-0.25-0.23-0.15-0.15-0.15
0.01-0.390.06-0.52-0.990.5-0.07-0.390.590.80.38-0.47-0.440.79-0.5-0.210.32-0.43-0.250.180.33-0.350.160.160.16
0.87-0.220.840.950.380.13-0.18-0.39-0.17-0.21-0.090.03-0.15-0.20.130.59-0.110.08-0.210.250.450.640.00.00.0
-0.01-0.360.03-0.43-0.580.92-0.140.59-0.170.310.58-0.74-0.380.32-0.91-0.050.4-0.35-0.310.080.430.230.120.120.12
0.28-0.520.33-0.3-0.810.260.350.8-0.210.310.6-0.2-0.581.0-0.2-0.260.59-0.62-0.310.360.28-0.440.210.210.21
0.2-0.430.23-0.28-0.370.540.440.38-0.090.580.6-0.41-0.450.63-0.520.010.68-0.56-0.430.240.530.040.330.330.33
-0.10.32-0.120.270.46-0.820.42-0.470.03-0.74-0.2-0.410.3-0.210.92-0.24-0.290.10.450.4-0.51-0.01-0.08-0.08-0.08
-0.440.99-0.54-0.030.48-0.43-0.09-0.44-0.15-0.38-0.58-0.450.3-0.590.29-0.13-0.190.790.43-0.43-0.470.060.010.010.01
0.28-0.530.33-0.3-0.80.280.360.79-0.20.321.00.63-0.21-0.59-0.21-0.250.6-0.63-0.330.360.3-0.410.230.230.23
0.030.290.00.410.48-0.910.34-0.50.13-0.91-0.2-0.520.920.29-0.21-0.13-0.380.160.490.28-0.47-0.16-0.24-0.24-0.24
0.43-0.270.420.510.260.22-0.5-0.210.59-0.05-0.260.01-0.24-0.13-0.25-0.13-0.44-0.02-0.31-0.090.660.480.280.280.28
0.17-0.110.18-0.24-0.350.380.420.32-0.110.40.590.68-0.29-0.190.6-0.38-0.44-0.11-0.430.00.06-0.140.310.310.31
-0.250.77-0.330.150.42-0.28-0.32-0.430.08-0.35-0.62-0.560.10.79-0.630.16-0.02-0.110.02-0.57-0.390.140.080.080.08
-0.310.45-0.330.00.27-0.430.15-0.25-0.21-0.31-0.31-0.430.450.43-0.330.49-0.31-0.430.020.17-0.45-0.18-0.72-0.72-0.72
0.43-0.410.460.26-0.2-0.020.450.180.250.080.360.240.4-0.430.360.28-0.090.0-0.570.170.220.32-0.2-0.2-0.2
0.56-0.540.580.25-0.270.61-0.250.330.450.430.280.53-0.51-0.470.3-0.470.660.06-0.39-0.450.220.40.30.30.3
0.390.00.360.510.370.31-0.23-0.350.640.23-0.440.04-0.010.06-0.41-0.160.48-0.140.14-0.180.320.40.180.180.18
0.010.0-0.01-0.15-0.120.18-0.150.160.00.120.210.33-0.080.010.23-0.240.280.310.08-0.72-0.20.30.181.01.0
0.010.0-0.01-0.15-0.120.18-0.150.160.00.120.210.33-0.080.010.23-0.240.280.310.08-0.72-0.20.30.181.01.0
0.010.0-0.01-0.15-0.120.18-0.150.160.00.120.210.33-0.080.010.23-0.240.280.310.08-0.72-0.20.30.181.01.0
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Golden Goliath Account Relationship Matchups

Golden Goliath fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets4.2M4.8M4.4M4.2M3.7M4.5M
Total Current Liabilities197.1K362.5K228K355.9K409.2K260.8K
Total Stockholder Equity4.0M4.5M4.2M3.8M3.4M4.3M
Property Plant And Equipment Net1.1M2.8M3.3M3.7M4.3M3.9M
Net Debt(2.3M)(74.9K)(137.5K)(131.7K)(151.5K)(159.0K)
Retained Earnings(28.3M)(29.3M)(29.9M)(30.4M)(27.4M)(28.7M)
Accounts Payable73.7K230.0K47.5K115.3K103.7K84.8K
Cash2.3M74.9K137.5K131.7K118.5K112.6K
Non Current Assets Total1.1M2.9M3.3M3.7M3.3M3.3M
Non Currrent Assets Other53.7K37.0K6.3K9.5K8.5K8.1K
Cash And Short Term Investments3.0M1.8M995.1K446.8K402.2K382.1K
Net Receivables50.8K161.5K31.2K8.7K7.9K7.5K
Common Stock Shares Outstanding16.1M20.1M21.0M21.8M25.1M12.8M
Liabilities And Stockholders Equity4.2M4.8M4.4M4.2M3.7M4.5M
Total Liab197.1K362.5K228K355.9K409.2K285.2K
Total Current Assets3.1M2.0M1.1M458.8K412.9K392.3K
Common Stock29.2M30.2M30.5M30.7M35.3M28.3M
Other Stockholder Equity3.1M3.2M3.5M3.6M3.2M3.0M
Accumulated Other Comprehensive Income3.2M3.5M3.6M3.6M4.1M2.6M
Short Term Investments779.0K1.7M857.5K315.1K283.6K269.4K
Other Current Liab123.4K132.5K180.5K240.6K216.6K219.6K
Net Tangible Assets1.9M4.0M4.5M4.2M4.8M3.4M
Other Assets2.8K53.7K37.0K6.3K5.7K5.4K
Property Plant Equipment642.1K1.1M2.8M3.3M3.0M2.0M
Other Current Assets45.7K38.6K34.2K3.2K2.9K2.7K
Net Invested Capital4.0M4.5M4.2M3.8M4.4M3.5M
Net Working Capital2.9M1.6M832.5K102.9K118.3K112.4K
Capital Stock29.2M30.2M30.5M30.7M35.3M31.6M

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