Galore Selling General Administrative vs Total Current Liabilities Analysis

GRI Stock

CAD 0.01 0.00 0.00%

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 Selling General Administrative and its Total Current Liabilities 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.

Selling General Administrative vs Total Current Liabilities

Selling General Administrative vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Galore Resources Selling General Administrative account and Total Current Liabilities. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Galore Resources' Selling General Administrative and Total Current Liabilities is -0.11. Overlapping area represents the amount of variation of Selling General Administrative that can explain the historical movement of Total Current Liabilities 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' Selling General Administrative and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Selling General Administrative of Galore Resources are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Selling General Administrative i.e., Galore Resources' Selling General Administrative and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

-0.11

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Selling General Administrative

Total Current Liabilities

Total Current Liabilities is an item on Galore Resources balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Galore Resources 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.

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

Click cells to compare fundamentals

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)

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.

Explore Investing Ideas

Additional Tools for Galore Stock Analysis

When running Galore Resources' price analysis, check to measure Galore Resources' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Galore Resources is operating at the current time. Most of Galore Resources' value examination focuses on studying past and present price action to predict the probability of Galore Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Galore Resources' price. Additionally, you may evaluate how the addition of Galore Resources to your portfolios can decrease your overall portfolio volatility.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC