Goldman Net Debt vs Cash Analysis

GS Stock

USD 605.43 0.07 0.01%

Goldman Sachs financial indicator trend analysis is much more than just examining Goldman Sachs Group latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Goldman Sachs Group is a good investment. Please check the relationship between Goldman Sachs Net Debt and its Cash accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Goldman Sachs Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Net Debt vs Cash

Net Debt vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Goldman Sachs Group Net Debt account and Cash. At this time, the significance of the direction appears to have pay attention.

The correlation between Goldman Sachs' Net Debt and Cash is -0.82. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Cash in the same time period over historical financial statements of Goldman Sachs Group, assuming nothing else is changed. The correlation between historical values of Goldman Sachs' Net Debt and Cash 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 Goldman Sachs Group are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Net Debt i.e., Goldman Sachs' Net Debt and Cash go up and down completely randomly.

Correlation Coefficient

-0.82

Relationship Direction	Negative
Relationship Strength	Significant

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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.

Cash

Cash refers to the most liquid asset of Goldman Sachs Group, which is listed under current asset account on Goldman Sachs Group balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Goldman Sachs customers. The amounts must be unrestricted with restricted cash listed in a different Goldman Sachs account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

Most indicators from Goldman Sachs' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Goldman Sachs Group 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 Goldman Sachs Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

At this time, Goldman Sachs' Tax Provision is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.46 in 2024, whereas Selling General Administrative is likely to drop slightly above 13.7 B in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	5.7B	21.3B	62.2B	65.3B
Depreciation And Amortization	2.0B	2.5B	4.9B	5.1B

Interest Expense Depreciation And Amortization

Goldman Sachs fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Other Liab	Long Term Debt	Inventory
Total Assets		0.75	0.21	0.41	0.92	-0.41	0.83	0.85	0.76	0.69	0.42	0.56	0.7	0.25	0.78	-0.63	-0.25	0.56	-0.67	1.0	0.54	0.53	-0.64	0.75	0.69	-0.6
Short Long Term Debt Total	0.75		-0.09	0.13	0.81	-0.09	0.73	0.61	0.47	0.87	0.26	0.26	0.41	0.21	0.81	-0.6	-0.14	0.22	-0.64	0.74	0.45	0.28	-0.74	0.55	0.98	-0.53
Other Current Liab	0.21	-0.09		0.91	-0.04	-0.32	0.39	-0.02	0.41	-0.3	0.83	0.78	0.35	-0.08	-0.07	-0.4	-0.27	0.83	-0.53	0.23	-0.13	0.23	0.21	0.56	-0.11	-0.24
Total Current Liabilities	0.41	0.13	0.91		0.21	-0.13	0.59	0.29	0.43	-0.02	0.78	0.91	0.35	-0.02	0.24	-0.4	-0.3	0.88	-0.61	0.43	-0.05	0.47	-0.15	0.64	0.06	-0.18
Total Stockholder Equity	0.92	0.81	-0.04	0.21		-0.29	0.82	0.89	0.67	0.74	0.19	0.36	0.63	0.35	0.93	-0.6	-0.05	0.4	-0.63	0.91	0.63	0.41	-0.81	0.61	0.76	-0.53
Net Debt	-0.41	-0.09	-0.32	-0.13	-0.29		-0.39	-0.25	-0.82	-0.04	-0.45	-0.27	-0.87	-0.02	0.03	0.55	0.18	-0.48	0.38	-0.42	-0.35	0.05	-0.18	-0.56	-0.16	0.74
Retained Earnings	0.83	0.73	0.39	0.59	0.82	-0.39		0.76	0.82	0.63	0.6	0.67	0.74	0.3	0.76	-0.81	-0.15	0.71	-0.9	0.83	0.55	0.34	-0.67	0.89	0.71	-0.67
Accounts Payable	0.85	0.61	-0.02	0.29	0.89	-0.25	0.76		0.66	0.7	0.12	0.48	0.63	0.21	0.81	-0.36	-0.17	0.48	-0.44	0.84	0.47	0.62	-0.83	0.53	0.52	-0.35
Cash	0.76	0.47	0.41	0.43	0.67	-0.82	0.82	0.66		0.41	0.55	0.58	0.99	0.18	0.44	-0.73	-0.17	0.74	-0.7	0.76	0.53	0.3	-0.34	0.84	0.48	-0.78
Non Current Assets Total	0.69	0.87	-0.3	-0.02	0.74	-0.04	0.63	0.7	0.41		0.06	0.15	0.36	0.25	0.69	-0.38	-0.25	0.08	-0.42	0.68	0.51	0.31	-0.79	0.45	0.85	-0.47
Non Currrent Assets Other	0.42	0.26	0.83	0.78	0.19	-0.45	0.6	0.12	0.55	0.06		0.77	0.47	-0.14	0.09	-0.7	-0.46	0.71	-0.75	0.44	0.0	0.09	0.1	0.79	0.3	-0.59
Other Assets	0.56	0.26	0.78	0.91	0.36	-0.27	0.67	0.48	0.58	0.15	0.77		0.51	-0.28	0.32	-0.42	-0.33	0.88	-0.6	0.57	-0.14	0.63	-0.26	0.7	0.18	-0.23
Cash And Short Term Investments	0.7	0.41	0.35	0.35	0.63	-0.87	0.74	0.63	0.99	0.36	0.47	0.51		0.15	0.38	-0.66	-0.14	0.71	-0.61	0.7	0.5	0.29	-0.29	0.75	0.42	-0.75
Net Receivables	0.25	0.21	-0.08	-0.02	0.35	-0.02	0.3	0.21	0.18	0.25	-0.14	-0.28	0.15		0.35	-0.3	0.09	0.03	-0.29	0.24	0.88	-0.22	-0.32	0.19	0.25	-0.38
Common Stock Total Equity	0.78	0.81	-0.07	0.24	0.93	0.03	0.76	0.81	0.44	0.69	0.09	0.32	0.38	0.35		-0.49	0.09	0.32	-0.59	0.76	0.5	0.42	-0.9	0.46	0.73	-0.28
Common Stock Shares Outstanding	-0.63	-0.6	-0.4	-0.4	-0.6	0.55	-0.81	-0.36	-0.73	-0.38	-0.7	-0.42	-0.66	-0.3	-0.49		0.06	-0.5	0.95	-0.63	-0.56	0.15	0.24	-0.87	-0.67	0.83
Short Term Investments	-0.25	-0.14	-0.27	-0.3	-0.05	0.18	-0.15	-0.17	-0.17	-0.25	-0.46	-0.33	-0.14	0.09	0.09	0.06		-0.25	0.09	-0.27	0.05	-0.18	-0.07	-0.27	-0.15	0.35
Non Current Liabilities Total	0.56	0.22	0.83	0.88	0.4	-0.48	0.71	0.48	0.74	0.08	0.71	0.88	0.71	0.03	0.32	-0.5	-0.25		-0.64	0.57	0.13	0.54	-0.24	0.7	0.16	-0.39
Other Stockholder Equity	-0.67	-0.64	-0.53	-0.61	-0.63	0.38	-0.9	-0.44	-0.7	-0.42	-0.75	-0.6	-0.61	-0.29	-0.59	0.95	0.09	-0.64		-0.67	-0.49	-0.05	0.39	-0.9	-0.67	0.71
Total Liab	1.0	0.74	0.23	0.43	0.91	-0.42	0.83	0.84	0.76	0.68	0.44	0.57	0.7	0.24	0.76	-0.63	-0.27	0.57	-0.67		0.53	0.54	-0.62	0.76	0.68	-0.61
Total Current Assets	0.54	0.45	-0.13	-0.05	0.63	-0.35	0.55	0.47	0.53	0.51	0.0	-0.14	0.5	0.88	0.5	-0.56	0.05	0.13	-0.49	0.53		-0.15	-0.44	0.47	0.51	-0.68
Short Term Debt	0.53	0.28	0.23	0.47	0.41	0.05	0.34	0.62	0.3	0.31	0.09	0.63	0.29	-0.22	0.42	0.15	-0.18	0.54	-0.05	0.54	-0.15		-0.51	0.19	0.11	0.17
Common Stock	-0.64	-0.74	0.21	-0.15	-0.81	-0.18	-0.67	-0.83	-0.34	-0.79	0.1	-0.26	-0.29	-0.32	-0.9	0.24	-0.07	-0.24	0.39	-0.62	-0.44	-0.51		-0.31	-0.64	0.13
Other Liab	0.75	0.55	0.56	0.64	0.61	-0.56	0.89	0.53	0.84	0.45	0.79	0.7	0.75	0.19	0.46	-0.87	-0.27	0.7	-0.9	0.76	0.47	0.19	-0.31		0.58	-0.77
Long Term Debt	0.69	0.98	-0.11	0.06	0.76	-0.16	0.71	0.52	0.48	0.85	0.3	0.18	0.42	0.25	0.73	-0.67	-0.15	0.16	-0.67	0.68	0.51	0.11	-0.64	0.58		-0.64
Inventory	-0.6	-0.53	-0.24	-0.18	-0.53	0.74	-0.67	-0.35	-0.78	-0.47	-0.59	-0.23	-0.75	-0.38	-0.28	0.83	0.35	-0.39	0.71	-0.61	-0.68	0.17	0.13	-0.77	-0.64

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Goldman Sachs Account Relationship Matchups

Goldman Sachs fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	993B	1.2T	1.5T	1.4T	1.6T	940.1B
Short Long Term Debt Total	363.9B	420.2B	301B	308B	333.2B	251.1B
Other Current Liab	(223B)	(244B)	(263.5B)	(2.7B)	545.9B	573.2B
Total Current Liabilities	223B	244B	299B	329.8B	855.5B	898.3B
Net Debt	122B	110B	40B	(158.9B)	91.7B	107.1B
Retained Earnings	106.5B	112.9B	131.8B	139.4B	143.7B	150.9B
Accounts Payable	175B	191B	251.9B	262.0B	230.7B	204.3B
Cash	133B	156B	261B	466.9B	241.6B	253.7B
Non Current Assets Total	448.1B	513.4B	489.1B	400.1B	335.8B	349.4B
Non Currrent Assets Other	(2.1B)	(3.0B)	(3.9B)	(66.6B)	315.3B	331.0B
Other Assets	336.9B	372.1B	551.9B	639.9B	1.1T	1.1T
Cash And Short Term Investments	133B	156.5B	261.0B	597.6B	241.6B	253.7B
Net Receivables	75B	121B	161B	135.4B	148.6B	105.6B
Common Stock Shares Outstanding	375.5M	360.3M	355.8M	358.1M	345.8M	372.9M
Short Term Investments	63.9B	526M	25M	130.6B	33.2B	31.5B
Liabilities And Stockholders Equity	993B	1.2T	1.5T	1.4T	1.6T	940.1B
Non Current Liabilities Total	207B	213B	254B	1.3T	1.5T	1.6T
Other Stockholder Equity	(26.2B)	(26.7B)	(26.3B)	(24.2B)	(40.2B)	(38.2B)
Total Liab	903B	1.1T	1.4T	1.3T	1.5T	868.7B
Total Current Assets	208B	277.5B	422.0B	402.0B	241.6B	182.5B
Accumulated Other Comprehensive Income	(1.5B)	(1.4B)	(2.1B)	(3.0B)	2.2B	2.3B
Short Term Debt	48B	53B	56.1B	67.8B	75.9B	64.1B
Other Liab	151.0B	282B	389B	325.2B	374.0B	392.7B
Long Term Debt	315.9B	367.2B	254B	247B	247.9B	190.6B
Treasury Stock	(84.0B)	(85.9B)	(91.1B)	(94.6B)	(85.2B)	(80.9B)
Intangible Assets	641M	630M	418M	2.0B	1.2B	1.1B
Good Will	4.2B	4.3B	4.3B	6.4B	5.9B	4.2B
Property Plant And Equipment Gross	24.2B	25.4B	30.6B	31.4B	27.1B	15.3B
Property Plant Equipment	24.2B	25.4B	20.4B	19.2B	22.1B	13.3B
Property Plant And Equipment Net	24.2B	25.4B	20.4B	19.2B	13.4B	14.8B
Retained Earnings Total Equity	106.5B	112.9B	131.8B	139.4B	160.3B	88.6B
Net Tangible Assets	79.1B	84.7B	99.3B	106.5B	122.5B	87.5B
Long Term Debt Total	315.9B	367.2B	254B	247B	284.1B	243.9B
Capital Surpluse	54.9B	55.7B	56.4B	59.1B	67.9B	57.4B
Other Current Assets	665.3B	777.9B	932.4B	859.1B	1.0T	1.1T

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