| GLB Stock | | | CAD 0.18 0.00 0.00% |
Goldbank Mining financial indicator trend analysis is much more than just examining Goldbank Mining Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Goldbank Mining Corp is a good investment. Please check the relationship between Goldbank Mining Total Current Assets and its Cash accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Goldbank Mining 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 board of governors.
Total Current Assets vs Cash
Total Current Assets vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Goldbank Mining Corp Total Current Assets account and
Cash. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Goldbank Mining's Total Current Assets and Cash is 0.81. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Cash in the same time period over historical financial statements of Goldbank Mining Corp, assuming nothing else is changed. The correlation between historical values of Goldbank Mining's Total Current 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 Current Assets of Goldbank Mining Corp 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 Current Assets i.e., Goldbank Mining's Total Current Assets and Cash go up and down completely randomly.
Correlation Coefficient | 0.81 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.
Cash
Cash refers to the most liquid asset of Goldbank Mining Corp, which is listed under current asset account on Goldbank Mining Corp balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Goldbank Mining customers. The amounts must be unrestricted with restricted cash listed in a different Goldbank Mining 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 Goldbank Mining's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Goldbank Mining 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 Goldbank Mining 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 board of governors.
Selling General Administrative is likely to climb to about 627.3
K in 2024.
Issuance Of Capital Stock is likely to climb to about 2.6
M in 2024
Goldbank Mining fundamental ratios Correlations
Click cells to compare fundamentals
Goldbank Mining Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Goldbank Mining fundamental ratios Accounts
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Additional Tools for Goldbank Stock Analysis
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measure Goldbank Mining'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 Goldbank Mining is operating at the current time. Most of Goldbank Mining's value examination focuses on studying past and present price action to
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