Golden Net Receivables vs Depreciation And Amortization 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 Net Receivables and its Depreciation And Amortization 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.

Net Receivables vs Depreciation And Amortization

Net Receivables vs Depreciation And Amortization Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Golden Goliath Resources Net Receivables account and Depreciation And Amortization. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Golden Goliath's Net Receivables and Depreciation And Amortization is -0.46. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Depreciation And Amortization 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 Net Receivables and Depreciation And Amortization is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Receivables of Golden Goliath Resources are associated (or correlated) with its Depreciation And Amortization. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation And Amortization has no effect on the direction of Net Receivables i.e., Golden Goliath's Net Receivables and Depreciation And Amortization go up and down completely randomly.

Correlation Coefficient

-0.46
Relationship DirectionNegative 
Relationship StrengthVery Weak

Net Receivables

Depreciation And Amortization

The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.
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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