Grid Net Debt vs Non Current Liabilities Total Analysis

GRDM Stock  CAD 0.04  0.01  12.50%   
Grid Metals financial indicator trend analysis is much more than just examining Grid Metals Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Grid Metals Corp is a good investment. Please check the relationship between Grid Metals Net Debt and its Non Current Liabilities Total accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Grid Metals Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Net Debt vs Non Current Liabilities Total

Net Debt vs Non Current Liabilities Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Grid Metals Corp Net Debt account and Non Current Liabilities Total. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Grid Metals' Net Debt and Non Current Liabilities Total is -0.25. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Non Current Liabilities Total in the same time period over historical financial statements of Grid Metals Corp, assuming nothing else is changed. The correlation between historical values of Grid Metals' Net Debt and Non Current Liabilities Total 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 Debt of Grid Metals Corp are associated (or correlated) with its Non Current Liabilities Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Total has no effect on the direction of Net Debt i.e., Grid Metals' Net Debt and Non Current Liabilities Total go up and down completely randomly.

Correlation Coefficient

-0.25
Relationship DirectionNegative 
Relationship StrengthInsignificant

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Non Current Liabilities Total

Most indicators from Grid Metals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Grid Metals Corp 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 Grid Metals Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.
At this time, Grid Metals' Selling General Administrative is fairly stable compared to the past year. Tax Provision is likely to climb to about 1.2 M in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 74.9 K in 2024.
 2021 2022 2023 2024 (projected)
Other Operating Expenses4.4M9.4M10.9M11.4M
Depreciation And Amortization12.4K25.2K22.7K12.6K

Grid Metals fundamental ratios Correlations

-0.20.920.920.360.420.48-0.30.91-0.53-0.35-0.22-0.380.56-0.07-0.35-0.32-0.53-0.85-0.20.21-0.350.50.15-0.50.49
-0.2-0.52-0.49-0.75-0.72-0.160.24-0.5-0.190.860.940.88-0.260.960.670.360.750.160.560.550.18-0.6-0.890.72-0.58
0.92-0.520.970.560.610.48-0.310.97-0.41-0.6-0.54-0.640.58-0.41-0.52-0.38-0.74-0.81-0.420.0-0.310.640.52-0.620.63
0.92-0.490.970.670.640.54-0.51.0-0.37-0.66-0.49-0.660.62-0.35-0.65-0.54-0.75-0.81-0.31-0.01-0.330.690.46-0.680.68
0.36-0.750.560.670.840.43-0.790.680.23-0.98-0.7-0.880.47-0.67-0.99-0.79-0.74-0.3-0.25-0.39-0.330.780.64-0.880.79
0.42-0.720.610.640.840.37-0.570.660.44-0.84-0.67-0.920.46-0.64-0.78-0.55-0.5-0.18-0.09-0.3-0.450.830.63-0.870.85
0.48-0.160.480.540.430.37-0.370.54-0.27-0.39-0.25-0.450.90.0-0.4-0.23-0.42-0.610.060.57-0.430.50.24-0.520.56
-0.30.24-0.31-0.5-0.79-0.57-0.37-0.52-0.220.650.130.47-0.360.130.870.90.380.23-0.210.170.28-0.61-0.10.59-0.63
0.91-0.50.971.00.680.660.54-0.52-0.34-0.68-0.5-0.670.62-0.37-0.67-0.55-0.75-0.8-0.3-0.02-0.330.70.47-0.690.69
-0.53-0.19-0.41-0.370.230.44-0.27-0.22-0.34-0.2-0.09-0.25-0.26-0.24-0.21-0.120.350.760.39-0.37-0.110.160.1-0.180.19
-0.350.86-0.6-0.66-0.98-0.84-0.390.65-0.68-0.20.830.94-0.460.790.940.70.80.30.40.450.3-0.76-0.780.87-0.77
-0.220.94-0.54-0.49-0.7-0.67-0.250.13-0.5-0.090.830.87-0.310.940.60.230.790.220.670.460.13-0.54-0.940.7-0.54
-0.380.88-0.64-0.66-0.88-0.92-0.450.47-0.67-0.250.940.87-0.540.820.810.520.720.290.380.330.4-0.81-0.840.89-0.82
0.56-0.260.580.620.470.460.9-0.360.62-0.26-0.46-0.31-0.54-0.13-0.43-0.3-0.52-0.64-0.070.56-0.720.60.32-0.570.63
-0.070.96-0.41-0.35-0.67-0.640.00.13-0.37-0.240.790.940.82-0.130.580.250.70.070.690.620.14-0.55-0.890.63-0.52
-0.350.67-0.52-0.65-0.99-0.78-0.40.87-0.67-0.210.940.60.81-0.430.580.870.70.290.170.40.28-0.73-0.550.82-0.75
-0.320.36-0.38-0.54-0.79-0.55-0.230.9-0.55-0.120.70.230.52-0.30.250.870.470.24-0.040.370.27-0.52-0.210.6-0.52
-0.530.75-0.74-0.75-0.74-0.5-0.420.38-0.750.350.80.790.72-0.520.70.70.470.640.70.230.22-0.59-0.720.66-0.58
-0.850.16-0.81-0.81-0.3-0.18-0.610.23-0.80.760.30.220.29-0.640.070.290.240.640.4-0.340.26-0.5-0.20.37-0.49
-0.20.56-0.42-0.31-0.25-0.090.06-0.21-0.30.390.40.670.38-0.070.690.17-0.040.70.40.34-0.03-0.25-0.630.24-0.19
0.210.550.0-0.01-0.39-0.30.570.17-0.02-0.370.450.460.330.560.620.40.370.23-0.340.34-0.4-0.06-0.410.23-0.03
-0.350.18-0.31-0.33-0.33-0.45-0.430.28-0.33-0.110.30.130.4-0.720.140.280.270.220.26-0.03-0.4-0.53-0.060.54-0.52
0.5-0.60.640.690.780.830.5-0.610.70.16-0.76-0.54-0.810.6-0.55-0.73-0.52-0.59-0.5-0.25-0.06-0.530.53-0.81.0
0.15-0.890.520.460.640.630.24-0.10.470.1-0.78-0.94-0.840.32-0.89-0.55-0.21-0.72-0.2-0.63-0.41-0.060.53-0.550.52
-0.50.72-0.62-0.68-0.88-0.87-0.520.59-0.69-0.180.870.70.89-0.570.630.820.60.660.370.240.230.54-0.8-0.55-0.82
0.49-0.580.630.680.790.850.56-0.630.690.19-0.77-0.54-0.820.63-0.52-0.75-0.52-0.58-0.49-0.19-0.03-0.521.00.52-0.82
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Grid Metals Account Relationship Matchups

Grid Metals fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets28.9M32.7M3.0M12.9M12.8M22.7M
Total Current Liabilities186.7K611.3K438.4K1.3M4.2M4.5M
Total Stockholder Equity28.7M31.1M2.5M11.5M6.1M5.8M
Property Plant And Equipment Net27.7M29.5M30.4K83.0K4.1M3.9M
Net Debt(1.1M)(3.0M)(2.8M)(9.3M)(8.4M)(8.0M)
Retained Earnings(28.4M)(29.5M)(61.9M)(60.0M)(69.3M)(65.8M)
Accounts Payable234.9K103.0K49.1K235.2K270.5K312.3K
Cash1.1M3.0M2.9M9.4M2.7M2.8M
Non Current Assets Total27.7M29.5M30.4K83.0K4.1M3.9M
Cash And Short Term Investments1.1M3.1M2.9M12.3M14.1M14.9M
Net Receivables11.2K71.5K47.2K186.4K5.1M5.3M
Common Stock Shares Outstanding42.7M59.4M87.6M124.9M203.9M214.1M
Liabilities And Stockholders Equity28.9M32.7M3.0M12.9M14.8M23.1M
Other Stockholder Equity7.3M8.0M9.1M8.9M10.2M9.7M
Total Liab190.6K1.6M516.4K1.4M6.7M7.0M
Total Current Assets1.2M3.2M3.0M12.8M8.7M9.1M
Short Term Investments49.7K52.8K12.1K2.9M755.4K793.1K
Non Current Liabilities Total3.9K1.0M78.0K64.6K2.5M2.6M
Net Tangible Assets28.9M28.7M2.5M2.5M2.2M2.1M
Common Stock49.7M52.6M55.2M62.6M72.0M57.5M
Property Plant Equipment27.5M27.7M3.7K30.4K27.3K26.0K
Net Invested Capital28.7M31.1M2.5M11.6M6.2M5.9M
Net Working Capital971.2K2.6M2.5M11.5M4.4M4.2M
Capital Stock49.7M52.6M55.2M62.6M66.9M61.7M

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