Greenlane Ptb Ratio vs Capex To Revenue Analysis

GRN Stock  CAD 0.1  0.01  13.64%   
Greenlane Renewables financial indicator trend analysis is much more than just examining Greenlane Renewables latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Greenlane Renewables is a good investment. Please check the relationship between Greenlane Renewables Ptb Ratio and its Capex To Revenue accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Greenlane Renewables. 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.

Ptb Ratio vs Capex To Revenue

Ptb Ratio vs Capex To Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Greenlane Renewables Ptb Ratio account and Capex To Revenue. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Greenlane Renewables' Ptb Ratio and Capex To Revenue is -0.37. Overlapping area represents the amount of variation of Ptb Ratio that can explain the historical movement of Capex To Revenue in the same time period over historical financial statements of Greenlane Renewables, assuming nothing else is changed. The correlation between historical values of Greenlane Renewables' Ptb Ratio and Capex To Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ptb Ratio of Greenlane Renewables are associated (or correlated) with its Capex To Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capex To Revenue has no effect on the direction of Ptb Ratio i.e., Greenlane Renewables' Ptb Ratio and Capex To Revenue go up and down completely randomly.

Correlation Coefficient

-0.37
Relationship DirectionNegative 
Relationship StrengthInsignificant

Ptb Ratio

Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.

Capex To Revenue

The ratio of a company's capital expenditures to its total revenue, indicating how much of the revenue is used for acquiring or maintaining physical assets.
Most indicators from Greenlane Renewables' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Greenlane Renewables 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 Greenlane Renewables. 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.
At this time, Greenlane Renewables' Tax Provision is very stable compared to the past year. As of the 17th of December 2024, Sales General And Administrative To Revenue is likely to grow to 0.40, while Selling General Administrative is likely to drop about 12.5 M.

Greenlane Renewables fundamental ratios Correlations

0.980.980.980.86-0.85-0.660.80.950.680.950.960.970.860.960.90.95-0.370.970.980.950.910.97-0.960.660.48
0.980.980.960.91-0.87-0.730.830.930.740.930.990.990.890.960.940.94-0.430.990.990.990.961.0-0.990.730.59
0.980.980.930.86-0.81-0.760.850.910.760.910.951.00.910.980.950.97-0.450.990.960.980.910.99-0.970.740.61
0.980.960.930.88-0.92-0.560.720.980.60.980.940.940.780.910.820.87-0.30.920.980.910.920.94-0.950.580.36
0.860.910.860.88-0.92-0.760.660.890.730.890.920.90.830.860.80.76-0.580.870.930.90.940.91-0.960.730.53
-0.85-0.87-0.81-0.92-0.920.47-0.53-0.94-0.48-0.94-0.87-0.85-0.63-0.8-0.66-0.670.25-0.81-0.92-0.84-0.92-0.860.91-0.47-0.27
-0.66-0.73-0.76-0.56-0.760.47-0.73-0.55-0.93-0.55-0.72-0.76-0.93-0.76-0.84-0.770.89-0.76-0.66-0.76-0.67-0.760.75-0.92-0.81
0.80.830.850.720.66-0.53-0.730.610.880.610.830.830.880.750.940.87-0.430.820.750.840.710.83-0.780.870.85
0.950.930.910.980.89-0.94-0.550.610.521.00.910.930.740.920.760.83-0.30.910.970.90.920.92-0.950.50.28
0.680.740.760.60.73-0.48-0.930.880.520.520.740.750.940.690.860.76-0.790.730.670.750.640.76-0.751.00.88
0.950.930.910.980.89-0.94-0.550.611.00.520.910.930.740.920.760.83-0.30.910.970.90.920.92-0.950.50.28
0.960.990.950.940.92-0.87-0.720.830.910.740.910.970.880.930.930.91-0.420.970.980.980.980.98-0.980.730.61
0.970.991.00.940.9-0.85-0.760.830.930.750.930.970.90.980.950.95-0.460.990.980.990.941.0-0.990.740.61
0.860.890.910.780.83-0.63-0.930.880.740.940.740.880.90.880.950.92-0.740.890.840.890.80.9-0.890.930.77
0.960.960.980.910.86-0.8-0.760.750.920.690.920.930.980.880.920.95-0.470.990.950.970.910.97-0.960.670.54
0.90.940.950.820.8-0.66-0.840.940.760.860.760.930.950.950.920.96-0.510.950.880.960.860.95-0.910.850.81
0.950.940.970.870.76-0.67-0.770.870.830.760.830.910.950.920.950.96-0.460.960.90.940.830.94-0.90.740.63
-0.37-0.43-0.45-0.3-0.580.250.89-0.43-0.3-0.79-0.3-0.42-0.46-0.74-0.47-0.51-0.46-0.43-0.38-0.42-0.37-0.450.48-0.79-0.58
0.970.990.990.920.87-0.81-0.760.820.910.730.910.970.990.890.990.950.96-0.430.970.990.940.99-0.970.710.61
0.980.990.960.980.93-0.92-0.660.750.970.670.970.980.980.840.950.880.9-0.380.970.970.970.98-0.990.650.48
0.950.990.980.910.9-0.84-0.760.840.90.750.90.980.990.890.970.960.94-0.420.990.970.961.0-0.980.730.66
0.910.960.910.920.94-0.92-0.670.710.920.640.920.980.940.80.910.860.83-0.370.940.970.960.96-0.970.630.54
0.971.00.990.940.91-0.86-0.760.830.920.760.920.981.00.90.970.950.94-0.450.990.981.00.96-0.990.740.62
-0.96-0.99-0.97-0.95-0.960.910.75-0.78-0.95-0.75-0.95-0.98-0.99-0.89-0.96-0.91-0.90.48-0.97-0.99-0.98-0.97-0.99-0.74-0.57
0.660.730.740.580.73-0.47-0.920.870.51.00.50.730.740.930.670.850.74-0.790.710.650.730.630.74-0.740.89
0.480.590.610.360.53-0.27-0.810.850.280.880.280.610.610.770.540.810.63-0.580.610.480.660.540.62-0.570.89
Click cells to compare fundamentals

Greenlane Renewables Account Relationship Matchups

Greenlane Renewables fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets26.6M43.2M78.8M83.4M54.4M52.6M
Other Current Liab3.9M8.2M19.6M20.5M17.8M12.8M
Total Current Liabilities7.2M16.7M21.9M25.8M24.7M17.7M
Total Stockholder Equity7.7M25.9M56.5M53.5M25.3M31.0M
Net Tangible Assets(11.7M)7.6M39.6M27.1M31.1M32.7M
Net Debt9.5M(9.8M)(31.0M)(20.1M)(11.4M)(12.0M)
Retained Earnings(5.2M)(7.7M)(10.2M)(15.7M)(45.3M)(43.0M)
Accounts Payable978K670K633K3.9M3.0M1.7M
Cash2.3M16.4M31.5M21.4M13.4M15.7M
Non Current Assets Total20.3M19.0M17.7M30.4M13.0M18.4M
Cash And Short Term Investments2.3M16.4M31.5M21.4M13.4M15.7M
Net Receivables3.8M6.1M27.2M27.6M24.2M16.3M
Common Stock Shares Outstanding31.9M92.8M143.9M150.9M153.1M105.9M
Long Term Debt Total11.6M461K217K967K870.3K826.8K
Liabilities And Stockholders Equity26.6M43.2M78.8M83.4M54.4M52.6M
Non Current Liabilities Total11.7M567K367K4.1M4.4M2.8M
Capital Surpluse1.5M1.5M2.4M4.3M4.9M5.2M
Other Current Assets576K1.1M1.7M1.3M1.7M1.2M
Other Stockholder Equity1.5M1.5M2.4M4.3M4.9M2.7M
Total Liab18.9M17.3M22.3M29.9M29.1M21.5M
Net Invested Capital18.7M31.8M56.5M53.5M61.5M35.4M
Total Current Assets6.2M24.1M61.1M53.0M41.4M34.2M
Accumulated Other Comprehensive Income152K111K179K(378K)(153K)(145.4K)
Capital Stock11.3M31.9M64.1M65.3M75.0M38.1M
Net Working Capital(938K)7.4M39.1M27.2M31.3M16.1M
Short Term Debt186K6.2M242K268K232K220.4K
Common Stock11.3M31.9M64.1M65.3M65.8M43.8M

Other Information on Investing in Greenlane Stock

Balance Sheet is a snapshot of the financial position of Greenlane Renewables at a specified time, usually calculated after every quarter, six months, or one year. Greenlane Renewables Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Greenlane Renewables and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Greenlane currently owns. An asset can also be divided into two categories, current and non-current.