Gen Cash And Short Term Investments vs Net Debt Analysis

GIII Stock

CAD 0.34 0.02 6.25%

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

Cash And Short Term Investments vs Net Debt

Cash And Short Term Investments vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Gen III Oil Cash And Short Term Investments account and Net Debt. At this time, the significance of the direction appears to have pay attention.

The correlation between Gen III's Cash And Short Term Investments and Net Debt is -0.88. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Net Debt in the same time period over historical financial statements of Gen III Oil, assuming nothing else is changed. The correlation between historical values of Gen III's Cash And Short Term Investments and Net 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 Cash And Short Term Investments of Gen III Oil are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Cash And Short Term Investments i.e., Gen III's Cash And Short Term Investments and Net Debt go up and down completely randomly.

Correlation Coefficient

-0.88

Relationship Direction	Negative
Relationship Strength	Significant

View All Relationships

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Gen III Oil balance sheet. This account contains Gen III investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Gen III Oil fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

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.

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

Issuance Of Capital Stock is likely to climb to about 5.1 M in 2024, whereas Selling General Administrative is likely to drop slightly above 3.8 M in 2024.

Gen III 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	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Non Currrent Assets Other	Other Current Liab	Short Long Term Debt Total	Short Term Debt	Non Current Liabilities Total	Net Tangible Assets	Long Term Investments	Common Stock	Property Plant Equipment	Other Assets
Total Assets		-0.04	0.96	0.93	-0.7	0.55	0.27	0.89	0.95	0.89	0.35	-0.32	0.23	0.65	-0.04	0.9	0.68	0.16	0.32	0.29	-0.05	0.2	0.63	-0.34	0.15	0.02
Total Current Liabilities	-0.04		-0.28	0.15	0.64	-0.45	-0.03	-0.29	0.14	-0.28	0.0	0.4	-0.01	-0.27	0.92	-0.28	-0.13	0.2	0.35	0.53	0.85	-0.71	-0.41	0.33	0.76	-0.13
Total Stockholder Equity	0.96	-0.28		0.85	-0.85	0.63	0.3	0.92	0.87	0.92	0.35	-0.42	0.25	0.69	-0.31	0.92	0.65	0.17	0.23	0.16	-0.32	0.37	0.69	-0.41	-0.11	0.06
Property Plant And Equipment Net	0.93	0.15	0.85		-0.46	0.53	0.21	0.68	1.0	0.68	0.27	-0.31	0.22	0.56	0.14	0.68	0.46	0.27	0.35	0.35	0.11	0.04	0.58	-0.34	0.31	0.04
Net Debt	-0.7	0.64	-0.85	-0.46		-0.53	-0.32	-0.88	-0.49	-0.88	-0.29	0.39	-0.25	-0.62	0.68	-0.88	-0.59	-0.06	-0.05	0.09	0.69	-0.6	-0.59	0.34	0.53	-0.06
Retained Earnings	0.55	-0.45	0.63	0.53	-0.53		0.12	0.46	0.54	0.46	0.24	-0.89	-0.3	0.45	-0.37	0.45	0.37	-0.14	0.22	0.18	-0.37	0.16	0.8	-0.82	-0.04	0.35
Accounts Payable	0.27	-0.03	0.3	0.21	-0.32	0.12		0.29	0.22	0.28	0.53	-0.2	0.3	0.44	-0.15	0.29	0.22	-0.24	0.52	0.4	-0.19	-0.03	0.11	-0.28	-0.11	0.53
Cash	0.89	-0.29	0.92	0.68	-0.88	0.46	0.29		0.71	1.0	0.36	-0.25	0.22	0.63	-0.27	1.0	0.8	0.01	0.2	0.13	-0.26	0.39	0.57	-0.25	-0.11	-0.02
Non Current Assets Total	0.95	0.14	0.87	1.0	-0.49	0.54	0.22	0.71		0.71	0.29	-0.32	0.2	0.57	0.13	0.71	0.51	0.25	0.35	0.35	0.1	0.05	0.59	-0.35	0.31	0.04
Cash And Short Term Investments	0.89	-0.28	0.92	0.68	-0.88	0.46	0.28	1.0	0.71		0.36	-0.25	0.22	0.63	-0.27	1.0	0.8	0.01	0.2	0.13	-0.26	0.39	0.57	-0.25	-0.11	-0.02
Net Receivables	0.35	0.0	0.35	0.27	-0.29	0.24	0.53	0.36	0.29	0.36		-0.32	-0.17	0.64	-0.02	0.37	0.33	0.0	0.46	0.43	-0.05	-0.06	0.15	-0.36	0.11	0.13
Common Stock Shares Outstanding	-0.32	0.4	-0.42	-0.31	0.39	-0.89	-0.2	-0.25	-0.32	-0.25	-0.32		0.39	-0.4	0.36	-0.25	-0.24	0.08	-0.48	-0.41	0.39	0.09	-0.58	0.95	0.06	-0.58
Other Current Assets	0.23	-0.01	0.25	0.22	-0.25	-0.3	0.3	0.22	0.2	0.22	-0.17	0.39		0.11	-0.12	0.23	-0.17	0.09	-0.08	-0.13	-0.15	0.33	-0.06	0.38	-0.23	-0.06
Other Stockholder Equity	0.65	-0.27	0.69	0.56	-0.62	0.45	0.44	0.63	0.57	0.63	0.64	-0.4	0.11		-0.3	0.63	0.36	0.28	0.34	0.24	-0.3	0.38	0.67	-0.47	-0.07	-0.04
Total Liab	-0.04	0.92	-0.31	0.14	0.68	-0.37	-0.15	-0.27	0.13	-0.27	-0.02	0.36	-0.12	-0.3		-0.27	0.01	-0.03	0.28	0.45	0.98	-0.69	-0.34	0.3	0.92	-0.09
Total Current Assets	0.9	-0.28	0.92	0.68	-0.88	0.45	0.29	1.0	0.71	1.0	0.37	-0.25	0.23	0.63	-0.27		0.8	0.02	0.2	0.13	-0.26	0.39	0.57	-0.25	-0.11	-0.02
Non Currrent Assets Other	0.68	-0.13	0.65	0.46	-0.59	0.37	0.22	0.8	0.51	0.8	0.33	-0.24	-0.17	0.36	0.01	0.8		-0.25	0.24	0.18	0.04	0.06	0.35	-0.22	0.17	0.16
Other Current Liab	0.16	0.2	0.17	0.27	-0.06	-0.14	-0.24	0.01	0.25	0.01	0.0	0.08	0.09	0.28	-0.03	0.02	-0.25		0.05	0.07	-0.12	0.02	0.01	0.04	-0.14	-0.37
Short Long Term Debt Total	0.32	0.35	0.23	0.35	-0.05	0.22	0.52	0.2	0.35	0.2	0.46	-0.48	-0.08	0.34	0.28	0.2	0.24	0.05		0.95	0.21	-0.61	0.02	-0.61	0.36	0.59
Short Term Debt	0.29	0.53	0.16	0.35	0.09	0.18	0.4	0.13	0.35	0.13	0.43	-0.41	-0.13	0.24	0.45	0.13	0.18	0.07	0.95		0.36	-0.71	-0.01	-0.51	0.51	0.44
Non Current Liabilities Total	-0.05	0.85	-0.32	0.11	0.69	-0.37	-0.19	-0.26	0.1	-0.26	-0.05	0.39	-0.15	-0.3	0.98	-0.26	0.04	-0.12	0.21	0.36		-0.64	-0.32	0.31	0.92	-0.12
Net Tangible Assets	0.2	-0.71	0.37	0.04	-0.6	0.16	-0.03	0.39	0.05	0.39	-0.06	0.09	0.33	0.38	-0.69	0.39	0.06	0.02	-0.61	-0.71	-0.64		0.49	0.17	-0.63	-0.39
Long Term Investments	0.63	-0.41	0.69	0.58	-0.59	0.8	0.11	0.57	0.59	0.57	0.15	-0.58	-0.06	0.67	-0.34	0.57	0.35	0.01	0.02	-0.01	-0.32	0.49		-0.51	-0.05	-0.03
Common Stock	-0.34	0.33	-0.41	-0.34	0.34	-0.82	-0.28	-0.25	-0.35	-0.25	-0.36	0.95	0.38	-0.47	0.3	-0.25	-0.22	0.04	-0.61	-0.51	0.31	0.17	-0.51		0.01	-0.58
Property Plant Equipment	0.15	0.76	-0.11	0.31	0.53	-0.04	-0.11	-0.11	0.31	-0.11	0.11	0.06	-0.23	-0.07	0.92	-0.11	0.17	-0.14	0.36	0.51	0.92	-0.63	-0.05	0.01		0.01
Other Assets	0.02	-0.13	0.06	0.04	-0.06	0.35	0.53	-0.02	0.04	-0.02	0.13	-0.58	-0.06	-0.04	-0.09	-0.02	0.16	-0.37	0.59	0.44	-0.12	-0.39	-0.03	-0.58	0.01

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Gen III Account Relationship Matchups

Gen III fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	11.0M	11.3M	8.5M	1.2M	2.7M	2.5M
Total Current Liabilities	3.0M	5.0M	800.4K	2.0M	1.9M	1.2M
Total Stockholder Equity	(2.1M)	(4.2M)	7.3M	(971.1K)	(1.9M)	(1.8M)
Property Plant And Equipment Net	9.7M	9.7M	439.8K	303.6K	190.0K	180.5K
Net Debt	11.5M	13.0M	(7.2M)	(340.7K)	773.7K	812.3K
Retained Earnings	(91.0M)	(95.7M)	(100.5M)	(112.9M)	(118.6M)	(112.7M)
Accounts Payable	680.5K	319.4K	165.9K	514.5K	279.1K	491.8K
Cash	732.7K	1.4M	7.7M	718.4K	2.1M	3.8M
Non Current Assets Total	10.0M	9.7M	482.0K	341.9K	257.6K	244.7K
Cash And Short Term Investments	756.6K	1.4M	7.7M	718.4K	2.3M	3.8M
Net Receivables	80.8K	146.7K	32.0K	27.0K	26.8K	25.5K
Common Stock Shares Outstanding	73.9M	84.8M	105.6M	113.8M	117.6M	123.5M
Liabilities And Stockholders Equity	11.0M	11.3M	8.5M	1.2M	2.7M	2.5M
Other Current Assets	124.9K	73.8K	258.1K	144.5K	134.3K	132.1K
Other Stockholder Equity	8.9M	9.2M	11.8M	13.2M	15.3M	21.4M
Total Liab	13.1M	15.5M	1.2M	2.2M	4.6M	2.5M
Total Current Assets	962.3K	1.6M	8.0M	889.9K	2.4M	3.9M
Non Currrent Assets Other	65.7K	35.1K	318.2K	(1.0)	(1.15)	(1.09)
Other Current Liab	211K	1.1M	710.6K	1.3M	1.4M	758.7K
Non Current Liabilities Total	10.0M	10.5M	406.6K	212.0K	2.7M	2.9M
Net Tangible Assets	510.6K	(2.1M)	(4.2M)	7.3M	6.6M	6.9M
Common Stock	80.0M	82.3M	95.9M	98.7M	101.3M	86.5M
Net Invested Capital	(2.1M)	(4.1M)	7.3M	(971.1K)	632.3K	781.4K
Net Working Capital	(2.1M)	(3.4M)	7.2M	(1.1M)	547.3K	836.5K
Capital Stock	80.0M	82.3M	95.9M	98.7M	101.3M	98.1M

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