Galore Total Assets vs Short Term Debt 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 Total Assets and its Short Term Debt 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.

Total Assets vs Short Term Debt

Total Assets vs Short Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Galore Resources Total Assets account and Short Term Debt. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Galore Resources' Total Assets and Short Term Debt is -0.61. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Short Term Debt 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' Total Assets and Short Term Debt 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 Assets of Galore Resources are associated (or correlated) with its Short Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Debt has no effect on the direction of Total Assets i.e., Galore Resources' Total Assets and Short Term Debt go up and down completely randomly.

Correlation Coefficient

-0.61

Relationship Direction	Negative
Relationship Strength	Weak

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Total Assets

Total assets refers to the total amount of Galore Resources assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Galore Resources books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Short Term Debt

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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