Gen Total Assets vs Cash 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 Total Assets and its Cash 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.
Total Assets vs Cash
Total Assets vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Gen III Oil Total Assets account and Cash. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Gen III's Total Assets and Cash is 0.89. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Cash 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 Total Assets 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 Total Assets of Gen III Oil 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 Total Assets i.e., Gen III's Total Assets and Cash go up and down completely randomly.
Correlation Coefficient | 0.89 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Total Assets
Total assets refers to the total amount of Gen III assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Gen III Oil books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Cash
Cash refers to the most liquid asset of Gen III Oil, which is listed under current asset account on Gen III Oil balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Gen III customers. The amounts must be unrestricted with restricted cash listed in a different Gen III 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 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
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Gen III Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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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When running Gen III's price analysis, check to measure Gen III's 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 Gen III is operating at the current time. Most of Gen III's value examination focuses on studying past and present price action to predict the probability of Gen III's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gen III's price. Additionally, you may evaluate how the addition of Gen III to your portfolios can decrease your overall portfolio volatility.