Galore Net Debt vs Non Current Assets Total Analysis

GRI Stock

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Galore Resources financial indicator trend analysis is much more than just examining Galore Resources latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Galore Resources is a good investment. Please check the relationship between Galore Resources Net Debt and its Non Current Assets Total accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Galore 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 Debt vs Non Current Assets Total

Net Debt vs Non Current Assets Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Galore Resources Net Debt account and Non Current Assets Total. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Galore Resources' Net Debt and Non Current Assets Total is 0.97. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of Galore Resources, assuming nothing else is changed. The correlation between historical values of Galore Resources' Net Debt and Non Current Assets 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 Galore Resources are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Net Debt i.e., Galore Resources' Net Debt and Non Current Assets Total go up and down completely randomly.

Correlation Coefficient

0.97

Relationship Direction	Positive
Relationship Strength	Very Strong

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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 Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.

Most indicators from Galore Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Galore 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 Galore 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.

Issuance Of Capital Stock is likely to climb to about 986 K in 2024, whereas Selling General Administrative is likely to drop slightly above 46.7 K in 2024.

Galore Resources fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Other Assets	Net Receivables	Other Stockholder Equity	Total Liab	Short Long Term Debt	Total Current Assets	Short Term Debt	Common Stock	Property Plant Equipment	Long Term Debt	Non Current Assets Total	Non Currrent Assets Other	Common Stock Shares Outstanding	Net Debt	Net Invested Capital	Net Working Capital	Capital Stock	Property Plant And Equipment Net
Total Assets		0.88	0.89	-0.86	-0.64	-0.89	0.8	-0.04	-0.42	0.06	0.97	0.89	0.97	-0.13	-0.61	0.97	0.98	-0.66	0.98	0.84	0.95	0.96	-0.67	-0.89	0.76	0.89
Other Current Liab	0.88		0.98	-0.89	-0.81	-0.97	0.93	-0.18	-0.72	0.1	0.86	0.98	0.84	-0.25	-0.63	0.89	0.82	-0.64	0.91	0.84	0.9	0.9	-0.81	-0.97	0.92	0.91
Total Current Liabilities	0.89	0.98		-0.91	-0.85	-0.99	0.97	-0.16	-0.77	-0.02	0.87	1.0	0.85	-0.25	-0.62	0.92	0.83	-0.68	0.92	0.87	0.91	0.92	-0.84	-0.99	0.94	0.93
Total Stockholder Equity	-0.86	-0.89	-0.91		0.79	0.87	-0.89	0.36	0.65	0.11	-0.81	-0.91	-0.85	0.46	0.52	-0.9	-0.78	0.51	-0.93	-0.9	-0.81	-0.91	0.91	0.94	-0.77	-0.95
Net Tangible Assets	-0.64	-0.81	-0.85	0.79		0.86	-0.85	0.5	0.79	-0.05	-0.66	-0.85	-0.69	0.56	0.55	-0.72	-0.61	0.44	-0.71	-0.77	-0.71	-0.76	0.7	0.84	-0.82	-0.72
Retained Earnings	-0.89	-0.97	-0.99	0.87	0.86		-0.94	0.18	0.73	-0.03	-0.88	-0.99	-0.86	0.24	0.65	-0.9	-0.85	0.68	-0.9	-0.84	-0.93	-0.91	0.78	0.97	-0.95	-0.89
Accounts Payable	0.8	0.93	0.97	-0.89	-0.85	-0.94		-0.14	-0.88	-0.07	0.79	0.97	0.75	-0.22	-0.53	0.88	0.72	-0.64	0.85	0.9	0.8	0.83	-0.91	-0.97	0.91	0.92
Cash	-0.04	-0.18	-0.16	0.36	0.5	0.18	-0.14		0.15	-0.05	-0.08	-0.15	-0.14	0.93	0.27	-0.1	-0.02	-0.1	-0.14	-0.18	-0.11	-0.2	0.21	0.18	-0.1	-0.14
Other Assets	-0.42	-0.72	-0.77	0.65	0.79	0.73	-0.88	0.15		0.13	-0.43	-0.77	-0.37	0.21	0.34	-0.57	-0.33	0.46	-0.51	-0.7	-0.47	-0.49	0.82	0.76	-0.79	-0.68
Net Receivables	0.06	0.1	-0.02	0.11	-0.05	-0.03	-0.07	-0.05	0.13		0.2	-0.02	0.11	0.16	-0.17	0.04	0.14	-0.23	-0.06	0.03	-0.02	0.06	0.23	0.09	-0.15	-0.24
Other Stockholder Equity	0.97	0.86	0.87	-0.81	-0.66	-0.88	0.79	-0.08	-0.43	0.2		0.87	0.94	-0.08	-0.68	0.97	0.97	-0.75	0.92	0.86	0.92	0.93	-0.62	-0.85	0.72	0.82
Total Liab	0.89	0.98	1.0	-0.91	-0.85	-0.99	0.97	-0.15	-0.77	-0.02	0.87		0.85	-0.24	-0.6	0.92	0.83	-0.67	0.92	0.87	0.9	0.91	-0.85	-0.99	0.94	0.93
Short Long Term Debt	0.97	0.84	0.85	-0.85	-0.69	-0.86	0.75	-0.14	-0.37	0.11	0.94	0.85		-0.24	-0.57	0.93	0.98	-0.56	0.95	0.8	0.93	0.97	-0.61	-0.85	0.71	0.83
Total Current Assets	-0.13	-0.25	-0.25	0.46	0.56	0.24	-0.22	0.93	0.21	0.16	-0.08	-0.24	-0.24		0.22	-0.16	-0.09	-0.17	-0.26	-0.21	-0.2	-0.31	0.32	0.3	-0.23	-0.27
Short Term Debt	-0.61	-0.63	-0.62	0.52	0.55	0.65	-0.53	0.27	0.34	-0.17	-0.68	-0.6	-0.57	0.22		-0.6	-0.62	0.67	-0.63	-0.61	-0.69	-0.68	0.35	0.61	-0.58	-0.51
Common Stock	0.97	0.89	0.92	-0.9	-0.72	-0.9	0.88	-0.1	-0.57	0.04	0.97	0.92	0.93	-0.16	-0.6		0.94	-0.69	0.96	0.93	0.91	0.94	-0.76	-0.92	0.78	0.92
Property Plant Equipment	0.98	0.82	0.83	-0.78	-0.61	-0.85	0.72	-0.02	-0.33	0.14	0.97	0.83	0.98	-0.09	-0.62	0.94		-0.66	0.94	0.78	0.94	0.94	-0.55	-0.82	0.7	0.81
Long Term Debt	-0.66	-0.64	-0.68	0.51	0.44	0.68	-0.64	-0.1	0.46	-0.23	-0.75	-0.67	-0.56	-0.17	0.67	-0.69	-0.66		-0.6	-0.61	-0.63	-0.63	0.48	0.63	-0.57	-0.57
Non Current Assets Total	0.98	0.91	0.92	-0.93	-0.71	-0.9	0.85	-0.14	-0.51	-0.06	0.92	0.92	0.95	-0.26	-0.63	0.96	0.94	-0.6		0.87	0.95	0.97	-0.76	-0.94	0.82	0.95
Non Currrent Assets Other	0.84	0.84	0.87	-0.9	-0.77	-0.84	0.9	-0.18	-0.7	0.03	0.86	0.87	0.8	-0.21	-0.61	0.93	0.78	-0.61	0.87		0.77	0.86	-0.83	-0.89	0.73	0.88
Common Stock Shares Outstanding	0.95	0.9	0.91	-0.81	-0.71	-0.93	0.8	-0.11	-0.47	-0.02	0.92	0.9	0.93	-0.2	-0.69	0.91	0.94	-0.63	0.95	0.77		0.93	-0.61	-0.9	0.87	0.87
Net Debt	0.96	0.9	0.92	-0.91	-0.76	-0.91	0.83	-0.2	-0.49	0.06	0.93	0.91	0.97	-0.31	-0.68	0.94	0.94	-0.63	0.97	0.86	0.93		-0.72	-0.92	0.79	0.88
Net Invested Capital	-0.67	-0.81	-0.84	0.91	0.7	0.78	-0.91	0.21	0.82	0.23	-0.62	-0.85	-0.61	0.32	0.35	-0.76	-0.55	0.48	-0.76	-0.83	-0.61	-0.72		0.87	-0.74	-0.9
Net Working Capital	-0.89	-0.97	-0.99	0.94	0.84	0.97	-0.97	0.18	0.76	0.09	-0.85	-0.99	-0.85	0.3	0.61	-0.92	-0.82	0.63	-0.94	-0.89	-0.9	-0.92	0.87		-0.93	-0.96
Capital Stock	0.76	0.92	0.94	-0.77	-0.82	-0.95	0.91	-0.1	-0.79	-0.15	0.72	0.94	0.71	-0.23	-0.58	0.78	0.7	-0.57	0.82	0.73	0.87	0.79	-0.74	-0.93		0.85
Property Plant And Equipment Net	0.89	0.91	0.93	-0.95	-0.72	-0.89	0.92	-0.14	-0.68	-0.24	0.82	0.93	0.83	-0.27	-0.51	0.92	0.81	-0.57	0.95	0.88	0.87	0.88	-0.9	-0.96	0.85

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Galore Resources Account Relationship Matchups

Galore Resources fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	7.2M	7.7M	8.7M	9.9M	11.5M	7.6M
Other Current Liab	1.4M	570.8K	1.4M	2.3M	2.7M	2.8M
Total Current Liabilities	3.2M	3.8M	4.6M	6.9M	9.3M	9.8M
Total Stockholder Equity	4.0M	3.8M	4.1M	3.0M	2.2M	3.1M
Net Tangible Assets	4.3M	4.0M	3.8M	4.1M	3.7M	3.4M
Retained Earnings	(16.1M)	(16.6M)	(17.4M)	(18.5M)	(19.4M)	(20.4M)
Accounts Payable	1.7M	2.1M	2.6M	3.8M	8.3M	8.8M
Cash	1.0K	344.0	74.7K	2.8K	2.1K	2.0K
Net Receivables	41.9K	5.8K	4.5K	377.0	3.9K	3.7K
Other Stockholder Equity	2.8M	2.9M	2.9M	3.1M	3.5M	2.9M
Total Liab	3.2M	3.8M	4.6M	6.9M	9.3M	9.8M
Short Long Term Debt	536.5K	657.7K	621.2K	800.1K	961.8K	488.2K
Total Current Assets	43.0K	6.1K	94.3K	3.1K	17.2K	16.4K
Common Stock	16.9M	17.2M	17.5M	18.4M	21.1M	18.4M
Property Plant Equipment	5.9M	7.1M	7.6M	8.6M	9.9M	6.6M
Non Current Assets Total	7.1M	7.6M	8.6M	9.9M	11.4M	8.5M
Common Stock Shares Outstanding	122.5M	130.3M	139.4M	165.6M	165.7M	152.4M
Net Debt	535.5K	657.3K	546.5K	797.4K	959.8K	626.6K
Net Invested Capital	4.5M	4.5M	4.7M	3.8M	3.1M	3.4M
Net Working Capital	(3.1M)	(3.8M)	(4.5M)	(6.9M)	(9.3M)	(8.8M)

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