Giga Average Payables vs Ptb Ratio Analysis

GIGA Stock

CAD 0.11 0.01 8.33%

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

Average Payables vs Ptb Ratio

Average Payables vs Ptb Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Giga Metals Corp Average Payables account and Ptb Ratio. At this time, the significance of the direction appears to have almost no relationship.

The correlation between Giga Metals' Average Payables and Ptb Ratio is 0.1. Overlapping area represents the amount of variation of Average Payables that can explain the historical movement of Ptb Ratio in the same time period over historical financial statements of Giga Metals Corp, assuming nothing else is changed. The correlation between historical values of Giga Metals' Average Payables and Ptb Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Average Payables of Giga Metals Corp are associated (or correlated) with its Ptb Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ptb Ratio has no effect on the direction of Average Payables i.e., Giga Metals' Average Payables and Ptb Ratio go up and down completely randomly.

Correlation Coefficient

0.1

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Average Payables

The average amount owed to suppliers and creditors over a specific period, reflecting the company's payment cycle and credit terms with suppliers.

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.

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

Selling General Administrative is likely to drop to about 1.5 M in 2024. Issuance Of Capital Stock is expected to grow at the current pace this year

	2023	2024 (projected)
Non Recurring	19.4K	16.7K
Interest Income	123.1K	129.3K

Non Recurring Interest Income

Giga Metals fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Total Liab	Total Current Assets	Common Stock	Other Current Liab	Other Stockholder Equity	Other Current Assets	Non Current Liabilities Total	Inventory	Short Long Term Debt Total	Short Term Debt	Other Liab	Net Tangible Assets	Other Assets
Total Assets		0.24	0.99	0.75	-0.09	0.34	0.07	0.09	0.98	0.39	0.03	-0.22	0.12	0.44	-0.01	0.32	0.33	-0.26	-0.21	0.46	-0.31	-0.43	-0.05	0.31	0.68	0.62
Total Current Liabilities	0.24		0.15	0.11	-0.62	-0.32	0.92	0.64	0.11	0.06	0.67	0.38	0.74	0.93	0.7	0.43	0.84	-0.17	0.41	0.8	-0.02	-0.16	0.4	0.68	0.01	0.52
Total Stockholder Equity	0.99	0.15		0.74	-0.01	0.4	0.0	0.02	0.99	0.41	-0.04	-0.22	0.03	0.35	-0.08	0.25	0.26	-0.27	-0.24	0.38	-0.3	-0.44	-0.12	0.21	0.71	0.56
Property Plant And Equipment Net	0.75	0.11	0.74		-0.04	0.15	-0.08	0.06	0.75	-0.27	0.0	-0.21	0.25	0.29	-0.03	0.32	0.24	-0.14	-0.15	0.32	-0.25	-0.17	0.21	0.36	0.43	0.55
Net Debt	-0.09	-0.62	-0.01	-0.04		0.45	-0.59	-1.0	0.07	0.17	-0.94	0.07	-0.55	-0.6	-0.89	-0.46	-0.37	0.15	-0.54	-0.47	0.2	-0.25	-0.41	-0.47	0.23	-0.14
Retained Earnings	0.34	-0.32	0.4	0.15	0.45		-0.17	-0.47	0.43	0.36	-0.52	-0.29	-0.7	-0.33	-0.55	-0.77	-0.16	-0.22	-0.48	-0.1	0.6	-0.62	-0.82	-0.45	0.88	0.14
Accounts Payable	0.07	0.92	0.0	-0.08	-0.59	-0.17		0.6	-0.06	0.06	0.66	0.37	0.56	0.74	0.69	0.15	0.69	-0.2	0.5	0.62	0.21	-0.15	0.21	0.5	0.06	0.4
Cash	0.09	0.64	0.02	0.06	-1.0	-0.47	0.6		-0.07	-0.18	0.94	-0.06	0.59	0.63	0.89	0.47	0.41	-0.15	0.53	0.5	-0.21	0.25	0.44	0.49	-0.24	0.15
Non Current Assets Total	0.98	0.11	0.99	0.75	0.07	0.43	-0.06	-0.07		0.42	-0.14	-0.27	0.0	0.32	-0.19	0.22	0.25	-0.22	-0.34	0.38	-0.26	-0.49	-0.13	0.23	0.73	0.6
Non Currrent Assets Other	0.39	0.06	0.41	-0.27	0.17	0.36	0.06	-0.18	0.42		-0.21	-0.03	-0.25	0.13	-0.21	-0.1	0.16	-0.12	-0.26	0.16	-0.06	-0.45	-0.44	-0.17	0.41	0.08
Cash And Short Term Investments	0.03	0.67	-0.04	0.0	-0.94	-0.52	0.66	0.94	-0.14	-0.21		0.17	0.63	0.59	0.98	0.48	0.42	-0.17	0.69	0.39	-0.23	0.32	0.43	0.43	-0.3	0.08
Net Receivables	-0.22	0.38	-0.22	-0.21	0.07	-0.29	0.37	-0.06	-0.27	-0.03	0.17		0.24	0.2	0.33	0.15	0.29	-0.11	0.31	-0.02	-0.15	0.29	0.07	-0.13	-0.27	-0.23
Common Stock Shares Outstanding	0.12	0.74	0.03	0.25	-0.55	-0.7	0.56	0.59	0.0	-0.25	0.63	0.24		0.78	0.65	0.72	0.7	0.04	0.53	0.64	-0.31	0.13	0.84	0.81	-0.37	0.4
Total Liab	0.44	0.93	0.35	0.29	-0.6	-0.33	0.74	0.63	0.32	0.13	0.59	0.2	0.78		0.59	0.59	0.82	-0.15	0.23	0.93	-0.18	-0.2	0.51	0.79	0.08	0.63
Total Current Assets	-0.01	0.7	-0.08	-0.03	-0.89	-0.55	0.69	0.89	-0.19	-0.21	0.98	0.33	0.65	0.59		0.49	0.45	-0.18	0.74	0.36	-0.25	0.36	0.43	0.39	-0.34	0.03
Common Stock	0.32	0.43	0.25	0.32	-0.46	-0.77	0.15	0.47	0.22	-0.1	0.48	0.15	0.72	0.59	0.49		0.31	0.03	0.31	0.38	-0.82	0.32	0.78	0.65	-0.42	0.29
Other Current Liab	0.33	0.84	0.26	0.24	-0.37	-0.16	0.69	0.41	0.25	0.16	0.42	0.29	0.7	0.82	0.45	0.31		-0.1	0.23	0.76	0.05	-0.3	0.3	0.57	0.1	0.5
Other Stockholder Equity	-0.26	-0.17	-0.27	-0.14	0.15	-0.22	-0.2	-0.15	-0.22	-0.12	-0.17	-0.11	0.04	-0.15	-0.18	0.03	-0.1		-0.24	-0.15	-0.09	0.18	0.12	-0.01	-0.34	-0.21
Other Current Assets	-0.21	0.41	-0.24	-0.15	-0.54	-0.48	0.5	0.53	-0.34	-0.26	0.69	0.31	0.53	0.23	0.74	0.31	0.23	-0.24		0.03	-0.1	0.24	0.4	0.28	-0.38	-0.06
Non Current Liabilities Total	0.46	0.8	0.38	0.32	-0.47	-0.1	0.62	0.5	0.38	0.16	0.39	-0.02	0.64	0.93	0.36	0.38	0.76	-0.15	0.03		0.08	-0.39	0.41	0.78	0.29	0.71
Inventory	-0.31	-0.02	-0.3	-0.25	0.2	0.6	0.21	-0.21	-0.26	-0.06	-0.23	-0.15	-0.31	-0.18	-0.25	-0.82	0.05	-0.09	-0.1	0.08		-0.47	-0.43	-0.14	0.42	0.1
Short Long Term Debt Total	-0.43	-0.16	-0.44	-0.17	-0.25	-0.62	-0.15	0.25	-0.49	-0.45	0.32	0.29	0.13	-0.2	0.36	0.32	-0.3	0.18	0.24	-0.39	-0.47		0.41	-0.17	-0.73	-0.5
Short Term Debt	-0.05	0.4	-0.12	0.21	-0.41	-0.82	0.21	0.44	-0.13	-0.44	0.43	0.07	0.84	0.51	0.43	0.78	0.3	0.12	0.4	0.41	-0.43	0.41		0.77	-0.55	0.32
Other Liab	0.31	0.68	0.21	0.36	-0.47	-0.45	0.5	0.49	0.23	-0.17	0.43	-0.13	0.81	0.79	0.39	0.65	0.57	-0.01	0.28	0.78	-0.14	-0.17	0.77		-0.06	0.77
Net Tangible Assets	0.68	0.01	0.71	0.43	0.23	0.88	0.06	-0.24	0.73	0.41	-0.3	-0.27	-0.37	0.08	-0.34	-0.42	0.1	-0.34	-0.38	0.29	0.42	-0.73	-0.55	-0.06		0.49
Other Assets	0.62	0.52	0.56	0.55	-0.14	0.14	0.4	0.15	0.6	0.08	0.08	-0.23	0.4	0.63	0.03	0.29	0.5	-0.21	-0.06	0.71	0.1	-0.5	0.32	0.77	0.49

Click cells to compare fundamentals

Giga Metals Account Relationship Matchups

Giga Metals fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	7.7M	10.2M	15.0M	25.2M	23.3M	17.4M
Total Current Liabilities	459.9K	218.9K	442.9K	705.6K	395.5K	285.9K
Total Stockholder Equity	6.9M	9.6M	14.1M	20.5M	19.0M	16.5M
Property Plant And Equipment Net	4.7M	6.1M	12.6M	17.3M	21.1M	22.1M
Net Debt	(1.3M)	(3.5M)	(1.3M)	(7.0M)	(1.4M)	(1.5M)
Retained Earnings	(56.0M)	(58.0M)	(60.8M)	(59.0M)	(60.9M)	(57.9M)
Accounts Payable	235.4K	81.3K	278.2K	432.4K	127.5K	146.7K
Cash	1.6M	3.8M	1.5M	7.2M	1.5M	1.9M
Non Current Assets Total	5.0M	6.3M	13.1M	17.7M	21.5M	14.9M
Cash And Short Term Investments	1.6M	3.8M	1.5M	7.2M	1.5M	2.1M
Net Receivables	1.1M	103.7K	279.5K	75.1K	97.3K	92.4K
Common Stock Shares Outstanding	51.2M	60.5M	80.8M	96.6M	97.9M	102.8M
Liabilities And Stockholders Equity	7.7M	10.2M	15.0M	25.2M	23.3M	17.4M
Total Liab	877.2K	663.1K	935.4K	1.4M	1.0M	617.2K
Total Current Assets	2.8M	4.0M	1.9M	7.5M	1.8M	2.5M
Common Stock	55.1M	60.2M	65.2M	68.6M	78.9M	56.7M
Other Current Liab	148.4K	49.4K	63.0K	180.9K	158.6K	166.5K
Other Stockholder Equity	7.8M	7.4M	9.6M	10.8M	9.7M	14.5M
Accumulated Other Comprehensive Income	7.8M	(933.0)	(3.2K)	9.8K	11.3M	11.8M
Other Current Assets	64.4K	87.5K	160.3K	184.9K	143.8K	190.2K
Non Current Liabilities Total	417.4K	444.2K	492.5K	664.5K	620.1K	340.2K
Net Tangible Assets	6.8M	6.9M	9.6M	14.1M	12.6M	7.6M
Property Plant Equipment	2.4M	4.7M	6.1M	12.6M	11.4M	6.1M
Net Invested Capital	6.9M	9.6M	14.1M	20.5M	19.0M	12.8M
Net Working Capital	2.3M	3.7M	1.5M	6.8M	1.4M	1.3M
Capital Stock	55.1M	60.2M	65.2M	68.6M	78.9M	68.1M

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 Giga Stock Analysis

When running Giga Metals' price analysis, check to measure Giga Metals' 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 Giga Metals is operating at the current time. Most of Giga Metals' value examination focuses on studying past and present price action to predict the probability of Giga Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Giga Metals' price. Additionally, you may evaluate how the addition of Giga Metals 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