Greentech Total Current Liabilities vs Total Stockholder Equity Analysis
GRE Stock | 0.08 0 1.23% |
Greentech Metals financial indicator trend analysis is much more than just examining Greentech Metals latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Greentech Metals is a good investment. Please check the relationship between Greentech Metals Total Current Liabilities and its Total Stockholder Equity accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Greentech Metals. 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.
Total Current Liabilities vs Total Stockholder Equity
Total Current Liabilities vs Total Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Greentech Metals Total Current Liabilities account and Total Stockholder Equity. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Greentech Metals' Total Current Liabilities and Total Stockholder Equity is 0.89. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of Greentech Metals, assuming nothing else is changed. The correlation between historical values of Greentech Metals' Total Current Liabilities and Total Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Liabilities of Greentech Metals are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Total Current Liabilities i.e., Greentech Metals' Total Current Liabilities and Total Stockholder Equity go up and down completely randomly.
Correlation Coefficient | 0.89 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Total Current Liabilities
Total Current Liabilities is an item on Greentech Metals balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Greentech Metals are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.Most indicators from Greentech Metals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Greentech Metals 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 Greentech Metals. 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 gain to about 328.6 K in 2024. Issuance Of Capital Stock is likely to gain to about 2.8 M in 2024
2010 | 2022 | 2023 | 2024 (projected) | Reconciled Depreciation | 1.8K | 6.2K | 7.2K | 4.4K | Cost Of Revenue | 1.8K | 6.2K | 7.6K | 5.7K |
Greentech Metals fundamental ratios Correlations
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Greentech Metals Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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