Golden Capital Expenditures vs Other Non Cash Items 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 Capital Expenditures and its Other Non Cash Items 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.

Capital Expenditures vs Other Non Cash Items

Capital Expenditures vs Other Non Cash Items Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Golden Goliath Resources Capital Expenditures account and Other Non Cash Items. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Golden Goliath's Capital Expenditures and Other Non Cash Items is -0.19. Overlapping area represents the amount of variation of Capital Expenditures that can explain the historical movement of Other Non Cash Items 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 Capital Expenditures and Other Non Cash Items 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 Goliath Resources are associated (or correlated) with its Other Non Cash Items. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Non Cash Items has no effect on the direction of Capital Expenditures i.e., Golden Goliath's Capital Expenditures and Other Non Cash Items go up and down completely randomly.

Correlation Coefficient

-0.19

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Capital Expenditures

Capital Expenditures are funds used by Golden Goliath 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 Goliath operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.

Other Non Cash Items

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 Expenses	543.3K	513.7K	462.4K	597.9K
Depreciation And Amortization	228.5K	167.9K	193.1K	202.7K

Other Operating Expenses Depreciation And Amortization

Golden Goliath fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Total Liab	Total Current Assets	Common Stock	Other Stockholder Equity	Short Term Investments	Other Current Liab	Other Liab	Net Tangible Assets	Other Assets	Property Plant Equipment	Short Long Term Debt Total	Short Long Term Debt	Short Term Debt
Total Assets		-0.49	0.99	0.79	-0.02	0.25	0.01	0.01	0.87	-0.01	0.28	0.2	-0.1	-0.44	0.28	0.03	0.43	0.17	-0.25	-0.31	0.43	0.56	0.39	0.01	0.01	0.01
Total Current Liabilities	-0.49		-0.58	-0.1	0.43	-0.43	-0.02	-0.39	-0.22	-0.36	-0.52	-0.43	0.32	0.99	-0.53	0.29	-0.27	-0.11	0.77	0.45	-0.41	-0.54	0.0	0.0	0.0	0.0
Total Stockholder Equity	0.99	-0.58		0.75	-0.07	0.28	0.02	0.06	0.84	0.03	0.33	0.23	-0.12	-0.54	0.33	0.0	0.42	0.18	-0.33	-0.33	0.46	0.58	0.36	-0.01	-0.01	-0.01
Property Plant And Equipment Net	0.79	-0.1	0.75		0.51	-0.14	-0.1	-0.52	0.95	-0.43	-0.3	-0.28	0.27	-0.03	-0.3	0.41	0.51	-0.24	0.15	0.0	0.26	0.25	0.51	-0.15	-0.15	-0.15
Net Debt	-0.02	0.43	-0.07	0.51		-0.49	0.03	-0.99	0.38	-0.58	-0.81	-0.37	0.46	0.48	-0.8	0.48	0.26	-0.35	0.42	0.27	-0.2	-0.27	0.37	-0.12	-0.12	-0.12
Retained Earnings	0.25	-0.43	0.28	-0.14	-0.49		-0.3	0.5	0.13	0.92	0.26	0.54	-0.82	-0.43	0.28	-0.91	0.22	0.38	-0.28	-0.43	-0.02	0.61	0.31	0.18	0.18	0.18
Accounts Payable	0.01	-0.02	0.02	-0.1	0.03	-0.3		-0.07	-0.18	-0.14	0.35	0.44	0.42	-0.09	0.36	0.34	-0.5	0.42	-0.32	0.15	0.45	-0.25	-0.23	-0.15	-0.15	-0.15
Cash	0.01	-0.39	0.06	-0.52	-0.99	0.5	-0.07		-0.39	0.59	0.8	0.38	-0.47	-0.44	0.79	-0.5	-0.21	0.32	-0.43	-0.25	0.18	0.33	-0.35	0.16	0.16	0.16
Non Current Assets Total	0.87	-0.22	0.84	0.95	0.38	0.13	-0.18	-0.39		-0.17	-0.21	-0.09	0.03	-0.15	-0.2	0.13	0.59	-0.11	0.08	-0.21	0.25	0.45	0.64	0.0	0.0	0.0
Non Currrent Assets Other	-0.01	-0.36	0.03	-0.43	-0.58	0.92	-0.14	0.59	-0.17		0.31	0.58	-0.74	-0.38	0.32	-0.91	-0.05	0.4	-0.35	-0.31	0.08	0.43	0.23	0.12	0.12	0.12
Cash And Short Term Investments	0.28	-0.52	0.33	-0.3	-0.81	0.26	0.35	0.8	-0.21	0.31		0.6	-0.2	-0.58	1.0	-0.2	-0.26	0.59	-0.62	-0.31	0.36	0.28	-0.44	0.21	0.21	0.21
Net Receivables	0.2	-0.43	0.23	-0.28	-0.37	0.54	0.44	0.38	-0.09	0.58	0.6		-0.41	-0.45	0.63	-0.52	0.01	0.68	-0.56	-0.43	0.24	0.53	0.04	0.33	0.33	0.33
Common Stock Shares Outstanding	-0.1	0.32	-0.12	0.27	0.46	-0.82	0.42	-0.47	0.03	-0.74	-0.2	-0.41		0.3	-0.21	0.92	-0.24	-0.29	0.1	0.45	0.4	-0.51	-0.01	-0.08	-0.08	-0.08
Total Liab	-0.44	0.99	-0.54	-0.03	0.48	-0.43	-0.09	-0.44	-0.15	-0.38	-0.58	-0.45	0.3		-0.59	0.29	-0.13	-0.19	0.79	0.43	-0.43	-0.47	0.06	0.01	0.01	0.01
Total Current Assets	0.28	-0.53	0.33	-0.3	-0.8	0.28	0.36	0.79	-0.2	0.32	1.0	0.63	-0.21	-0.59		-0.21	-0.25	0.6	-0.63	-0.33	0.36	0.3	-0.41	0.23	0.23	0.23
Common Stock	0.03	0.29	0.0	0.41	0.48	-0.91	0.34	-0.5	0.13	-0.91	-0.2	-0.52	0.92	0.29	-0.21		-0.13	-0.38	0.16	0.49	0.28	-0.47	-0.16	-0.24	-0.24	-0.24
Other Stockholder Equity	0.43	-0.27	0.42	0.51	0.26	0.22	-0.5	-0.21	0.59	-0.05	-0.26	0.01	-0.24	-0.13	-0.25	-0.13		-0.44	-0.02	-0.31	-0.09	0.66	0.48	0.28	0.28	0.28
Short Term Investments	0.17	-0.11	0.18	-0.24	-0.35	0.38	0.42	0.32	-0.11	0.4	0.59	0.68	-0.29	-0.19	0.6	-0.38	-0.44		-0.11	-0.43	0.0	0.06	-0.14	0.31	0.31	0.31
Other Current Liab	-0.25	0.77	-0.33	0.15	0.42	-0.28	-0.32	-0.43	0.08	-0.35	-0.62	-0.56	0.1	0.79	-0.63	0.16	-0.02	-0.11		0.02	-0.57	-0.39	0.14	0.08	0.08	0.08
Other Liab	-0.31	0.45	-0.33	0.0	0.27	-0.43	0.15	-0.25	-0.21	-0.31	-0.31	-0.43	0.45	0.43	-0.33	0.49	-0.31	-0.43	0.02		0.17	-0.45	-0.18	-0.72	-0.72	-0.72
Net Tangible Assets	0.43	-0.41	0.46	0.26	-0.2	-0.02	0.45	0.18	0.25	0.08	0.36	0.24	0.4	-0.43	0.36	0.28	-0.09	0.0	-0.57	0.17		0.22	0.32	-0.2	-0.2	-0.2
Other Assets	0.56	-0.54	0.58	0.25	-0.27	0.61	-0.25	0.33	0.45	0.43	0.28	0.53	-0.51	-0.47	0.3	-0.47	0.66	0.06	-0.39	-0.45	0.22		0.4	0.3	0.3	0.3
Property Plant Equipment	0.39	0.0	0.36	0.51	0.37	0.31	-0.23	-0.35	0.64	0.23	-0.44	0.04	-0.01	0.06	-0.41	-0.16	0.48	-0.14	0.14	-0.18	0.32	0.4		0.18	0.18	0.18
Short Long Term Debt Total	0.01	0.0	-0.01	-0.15	-0.12	0.18	-0.15	0.16	0.0	0.12	0.21	0.33	-0.08	0.01	0.23	-0.24	0.28	0.31	0.08	-0.72	-0.2	0.3	0.18		1.0	1.0
Short Long Term Debt	0.01	0.0	-0.01	-0.15	-0.12	0.18	-0.15	0.16	0.0	0.12	0.21	0.33	-0.08	0.01	0.23	-0.24	0.28	0.31	0.08	-0.72	-0.2	0.3	0.18	1.0		1.0
Short Term Debt	0.01	0.0	-0.01	-0.15	-0.12	0.18	-0.15	0.16	0.0	0.12	0.21	0.33	-0.08	0.01	0.23	-0.24	0.28	0.31	0.08	-0.72	-0.2	0.3	0.18	1.0	1.0

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Golden Goliath Account Relationship Matchups

Golden Goliath fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	4.2M	4.8M	4.4M	4.2M	3.7M	4.5M
Total Current Liabilities	197.1K	362.5K	228K	355.9K	409.2K	260.8K
Total Stockholder Equity	4.0M	4.5M	4.2M	3.8M	3.4M	4.3M
Property Plant And Equipment Net	1.1M	2.8M	3.3M	3.7M	4.3M	3.9M
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 Payable	73.7K	230.0K	47.5K	115.3K	103.7K	84.8K
Cash	2.3M	74.9K	137.5K	131.7K	118.5K	112.6K
Non Current Assets Total	1.1M	2.9M	3.3M	3.7M	3.3M	3.3M
Non Currrent Assets Other	53.7K	37.0K	6.3K	9.5K	8.5K	8.1K
Cash And Short Term Investments	3.0M	1.8M	995.1K	446.8K	402.2K	382.1K
Net Receivables	50.8K	161.5K	31.2K	8.7K	7.9K	7.5K
Common Stock Shares Outstanding	16.1M	20.1M	21.0M	21.8M	25.1M	12.8M
Liabilities And Stockholders Equity	4.2M	4.8M	4.4M	4.2M	3.7M	4.5M
Total Liab	197.1K	362.5K	228K	355.9K	409.2K	285.2K
Total Current Assets	3.1M	2.0M	1.1M	458.8K	412.9K	392.3K
Common Stock	29.2M	30.2M	30.5M	30.7M	35.3M	28.3M
Other Stockholder Equity	3.1M	3.2M	3.5M	3.6M	3.2M	3.0M
Accumulated Other Comprehensive Income	3.2M	3.5M	3.6M	3.6M	4.1M	2.6M
Short Term Investments	779.0K	1.7M	857.5K	315.1K	283.6K	269.4K
Other Current Liab	123.4K	132.5K	180.5K	240.6K	216.6K	219.6K
Net Tangible Assets	1.9M	4.0M	4.5M	4.2M	4.8M	3.4M
Other Assets	2.8K	53.7K	37.0K	6.3K	5.7K	5.4K
Property Plant Equipment	642.1K	1.1M	2.8M	3.3M	3.0M	2.0M
Other Current Assets	45.7K	38.6K	34.2K	3.2K	2.9K	2.7K
Net Invested Capital	4.0M	4.5M	4.2M	3.8M	4.4M	3.5M
Net Working Capital	2.9M	1.6M	832.5K	102.9K	118.3K	112.4K
Capital Stock	29.2M	30.2M	30.5M	30.7M	35.3M	31.6M

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