Grande Short Term Investments vs Net Tangible Assets Analysis
GPG Stock | CAD 0.20 0.01 4.76% |
Grande Portage financial indicator trend analysis is much more than just examining Grande Portage Resources latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Grande Portage Resources is a good investment. Please check the relationship between Grande Portage Short Term Investments and its Net Tangible Assets accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Grande Portage 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.
Short Term Investments vs Net Tangible Assets
Short Term Investments vs Net Tangible Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Grande Portage Resources Short Term Investments account and Net Tangible Assets. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Grande Portage's Short Term Investments and Net Tangible Assets is 0.11. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Net Tangible Assets in the same time period over historical financial statements of Grande Portage Resources, assuming nothing else is changed. The correlation between historical values of Grande Portage's Short Term Investments and Net Tangible Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Investments of Grande Portage Resources are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Short Term Investments i.e., Grande Portage's Short Term Investments and Net Tangible Assets go up and down completely randomly.
Correlation Coefficient | 0.11 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Short Term Investments
Short Term Investments is an item under the current assets section of Grande Portage balance sheet. It contains any investments Grande Portage Resources undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Grande Portage Resources can easily liquidate in the marketplace.Net Tangible Assets
The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.Most indicators from Grande Portage's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Grande Portage 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 Grande Portage 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. At this time, Grande Portage's Selling General Administrative is fairly stable compared to the past year. Issuance Of Capital Stock is likely to climb to about 1.8 M in 2024, whereas Enterprise Value Over EBITDA is likely to drop (24.77) in 2024.
Grande Portage fundamental ratios Correlations
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Grande Portage Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Grande Portage fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 12.4M | 17.9M | 19.6M | 20.9M | 24.0M | 25.2M | |
Total Current Liabilities | 450.3K | 433.8K | 276.1K | 962.4K | 1.1M | 1.2M | |
Total Stockholder Equity | 12.0M | 17.4M | 19.3M | 19.8M | 22.7M | 23.9M | |
Property Plant And Equipment Net | 10.8M | 14.3M | 17.1M | 20.3M | 23.4M | 24.5M | |
Net Debt | (1.5M) | (3.4M) | (318.0K) | (213.1K) | (191.8K) | (201.3K) | |
Retained Earnings | (19.7M) | (20.9M) | (22.2M) | (23.3M) | (20.9M) | (19.9M) | |
Accounts Payable | 450.3K | 433.8K | 276.1K | 919.2K | 1.1M | 1.1M | |
Cash | 1.5M | 3.4M | 318.0K | 344.2K | 395.8K | 376.0K | |
Non Current Assets Total | 10.9M | 14.4M | 17.2M | 20.5M | 23.5M | 24.7M | |
Cash And Short Term Investments | 1.5M | 3.4M | 2.3M | 344.2K | 395.8K | 376.0K | |
Net Receivables | 15.1K | 9.8K | 6.3K | 5.9K | 5.3K | 5.1K | |
Common Stock Shares Outstanding | 67.4M | 87.6M | 106.9M | 110.8M | 127.4M | 133.8M | |
Liabilities And Stockholders Equity | 12.4M | 17.9M | 19.6M | 20.9M | 24.0M | 25.2M | |
Total Liab | 450.3K | 433.8K | 276.1K | 1.1M | 1.3M | 1.3M | |
Total Current Assets | 1.6M | 3.5M | 2.4M | 403.9K | 464.5K | 441.3K | |
Accumulated Other Comprehensive Income | 2.9M | 3.3M | 3.8M | 4.2M | 4.9M | 5.1M | |
Other Current Assets | 61.4K | 83.4K | 52.7K | 53.9K | 48.5K | 46.1K | |
Short Term Investments | 4.2K | 2.2K | 1.2K | 949.0 | 2.0M | 0.0 | |
Common Stock | 28.8M | 35.1M | 37.7M | 38.8M | 44.6M | 27.0M | |
Net Tangible Assets | 7.9M | 12.0M | 17.4M | 19.3M | 22.2M | 23.3M | |
Property Plant Equipment | 7.8M | 10.8M | 14.3M | 17.1M | 19.7M | 20.7M | |
Net Invested Capital | 12.0M | 17.4M | 19.3M | 19.8M | 22.7M | 14.2M | |
Net Working Capital | 1.1M | 3.1M | 2.1M | (558.5K) | (642.2K) | (610.1K) | |
Capital Stock | 28.8M | 35.1M | 37.7M | 38.8M | 44.6M | 34.4M |
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