GoGold Historical Cash Flow
| GGD Stock | CAD 1.27 0.01 0.79% |
Analysis of GoGold Resources cash flow over time is an excellent tool to project GoGold Resources future capital expenditures as well as to predict the amount of cash needed to cover cost of sales, R&D expenses or production expansions. Investors should almost always look for trends in cash flow indicators such as Other Cashflows From Financing Activities of 61.2 K or Depreciation of 6.3 M as it is a great indicator of GoGold Resources ability to facilitate future growth, repay debt on time or pay out dividends.
Financial Statement Analysis is much more than just reviewing and examining GoGold Resources latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether GoGold Resources is a good buy for the upcoming year.
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About GoGold Cash Flow Analysis
The Cash Flow Statement is a financial statement that shows how changes in GoGold balance sheet and income statement accounts affect cash and cash equivalents. It breaks the analysis down to operating, investing, and financing activities. One of the most critical aspects of the cash flow statement is liquidity, which is the degree to which GoGold's non-liquid assets can be easily converted into cash.
GoGold Resources Cash Flow Chart
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Capital Expenditures
Capital Expenditures are funds used by GoGold Resources to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of GoGold Resources operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in GoGold Resources financial statement analysis. It represents the amount of money remaining after all of GoGold Resources operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Begin Period Cash Flow
The amount of cash a company has at the beginning of a financial reporting period. It serves as the starting point for calculating the period's cash flow from operations, investing, and financing activities.Stock Based Compensation
Compensation provided to employees in the form of equity or options to purchase company stock. This type of compensation is used to align the interests of employees and shareholders.Most accounts from GoGold Resources' cash flow statement are interrelated and interconnected. However, analyzing cash flow statement accounts one by one will only give a small insight into GoGold Resources current financial condition. On the other hand, looking into the entire matrix of cash flow statement accounts, 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 GoGold 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. At this time, GoGold Resources' Change To Netincome is very stable compared to the past year. As of the 29th of November 2024, Begin Period Cash Flow is likely to grow to about 88.6 M, though Investments are likely to grow to (12.7 M).
GoGold Resources cash flow statement Correlations
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GoGold Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
GoGold Resources cash flow statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Investments | (5.9M) | (19.7M) | (24.7M) | (14.9M) | (13.4M) | (12.7M) | |
| Change In Cash | 50.2M | 14.2M | 6.5M | 21.9M | 25.2M | 26.4M | |
| Total Cashflows From Investing Activities | 5.9M | (5.9M) | (19.7M) | (24.7M) | (22.2M) | (21.1M) | |
| Other Cashflows From Financing Activities | 12.0M | (1.1M) | 213K | 56.0K | 64.4K | 61.2K | |
| Depreciation | (31.5M) | 8.4M | 4.2M | 5.2M | 6.0M | 6.3M | |
| Capital Expenditures | 2.2M | 280K | 208K | 1.0M | 933.3K | 886.6K | |
| Total Cash From Operating Activities | 5.9M | 12.4M | (976K) | (7.4M) | (6.7M) | (6.3M) | |
| Change To Operating Activities | (1.6M) | (2.3M) | (3.5M) | 3.0M | 3.4M | 3.6M | |
| Net Income | 43.1M | 7.1M | 692K | (7.9M) | (9.1M) | (8.6M) | |
| End Period Cash Flow | 52.6M | 66.8M | 73.3M | 95.2M | 109.5M | 115.0M | |
| Change To Netincome | (8.9M) | (3.3M) | 4.5M | 3.0M | 2.7M | 2.8M | |
| Change To Liabilities | 1.7M | 339K | 2.0M | (1.3M) | (1.1M) | (1.1M) | |
| Free Cash Flow | 3.7M | 12.1M | (1.2M) | (8.5M) | (9.7M) | (10.2M) | |
| Change In Working Capital | (2.8M) | (6.5M) | (10.8M) | (13.2M) | (11.9M) | (11.3M) | |
| Begin Period Cash Flow | 2.4M | 52.6M | 66.8M | 73.3M | 84.3M | 88.6M | |
| Stock Based Compensation | 1.1M | 1.8M | 1.9M | 1.9M | 2.2M | 2.3M | |
| Change To Inventory | 703K | (5.6M) | (14.1M) | (11.4M) | (10.2M) | (10.7M) | |
| Change To Account Receivables | (1.5M) | 597K | 1.7M | (410K) | (471.5K) | (447.9K) |
Pair Trading with GoGold Resources
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if GoGold Resources position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in GoGold Resources will appreciate offsetting losses from the drop in the long position's value.Moving together with GoGold Stock
| 0.92 | AG | First Majestic Silver | PairCorr |
| 0.7 | IE | Ivanhoe Energy | PairCorr |
| 0.67 | FDY | Faraday Copper Corp | PairCorr |
Moving against GoGold Stock
The ability to find closely correlated positions to GoGold Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace GoGold Resources when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back GoGold Resources - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling GoGold Resources to buy it.
The correlation of GoGold Resources is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as GoGold Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if GoGold Resources moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for GoGold Resources can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in GoGold Stock
The Cash Flow Statement is a financial statement that shows how changes in GoGold balance sheet and income statement accounts affect cash and cash equivalents. It breaks the analysis down to operating, investing, and financing activities. One of the most critical aspects of the cash flow statement is liquidity, which is the degree to which GoGold's non-liquid assets can be easily converted into cash.