Golden Cash vs Accounts Payable Analysis

GLDN Stock

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Golden Ridge financial indicator trend analysis is much more than just examining Golden Ridge Resources latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Golden Ridge Resources is a good investment. Please check the relationship between Golden Ridge Cash and its Accounts Payable accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Golden Ridge 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.

Cash vs Accounts Payable

Cash vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Golden Ridge Resources Cash account and Accounts Payable. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Golden Ridge's Cash and Accounts Payable is 0.4. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Golden Ridge Resources, assuming nothing else is changed. The correlation between historical values of Golden Ridge's Cash and Accounts Payable 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 of Golden Ridge Resources are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Cash i.e., Golden Ridge's Cash and Accounts Payable go up and down completely randomly.

Correlation Coefficient

0.4

Relationship Direction	Positive
Relationship Strength	Weak

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Cash

Cash refers to the most liquid asset of Golden Ridge Resources, which is listed under current asset account on Golden Ridge Resources balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Golden Ridge customers. The amounts must be unrestricted with restricted cash listed in a different Golden Ridge 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.

Accounts Payable

An accounting item on the balance sheet that represents Golden Ridge obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Golden Ridge Resources are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.

Most indicators from Golden Ridge's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Golden Ridge Resources 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 Golden Ridge 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.

Selling General Administrative is likely to climb to about 846 K in 2024, whereas Issuance Of Capital Stock is likely to drop 0.00 in 2024.

Golden Ridge fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Other Assets	Net Receivables	Total Liab	Total Current Assets	Common Stock	Property Plant Equipment	Common Stock Shares Outstanding	Other Current Assets	Other Current Liab	Short Term Investments	Other Stockholder Equity	Net Invested Capital	Net Working Capital	Capital Stock	Property Plant And Equipment Net	Property Plant And Equipment Gross
Total Assets		0.77	1.0	0.96	-0.65	0.7	0.77	0.76	0.7	0.77	0.86	0.81	0.88	0.75	0.59	-0.89	0.43	-0.7	0.82	0.21	0.55	-0.56	-0.56
Total Current Liabilities	0.77		0.75	0.74	-0.38	0.84	0.48	0.66	0.61	1.0	0.68	0.55	0.67	0.44	0.92	-0.55	0.26	-0.37	0.5	0.05	0.25	-0.23	-0.23
Total Stockholder Equity	1.0	0.75		0.96	-0.66	0.68	0.78	0.76	0.7	0.75	0.86	0.81	0.88	0.76	0.57	-0.9	0.43	-0.7	0.83	0.22	0.56	-0.57	-0.57
Net Tangible Assets	0.96	0.74	0.96		-0.76	0.74	0.74	0.82	0.6	0.74	0.85	0.87	0.85	0.85	0.5	-0.92	0.57	-0.79	0.72	0.16	0.67	-0.65	-0.65
Retained Earnings	-0.65	-0.38	-0.66	-0.76		-0.63	-0.72	-0.9	-0.13	-0.38	-0.75	-0.96	-0.41	-0.96	-0.03	0.84	-0.95	0.98	-0.28	-0.44	-0.98	0.96	0.96
Accounts Payable	0.7	0.84	0.68	0.74	-0.63		0.4	0.88	0.42	0.84	0.6	0.73	0.62	0.59	0.68	-0.74	0.61	-0.62	0.42	0.09	0.5	-0.48	-0.47
Cash	0.77	0.48	0.78	0.74	-0.72	0.4		0.68	0.45	0.48	0.96	0.77	0.42	0.83	0.26	-0.7	0.5	-0.76	0.59	0.74	0.75	-0.78	-0.79
Other Assets	0.76	0.66	0.76	0.82	-0.9	0.88	0.68		0.27	0.66	0.78	0.93	0.57	0.87	0.39	-0.88	0.82	-0.91	0.45	0.36	0.83	-0.8	-0.8
Net Receivables	0.7	0.61	0.7	0.6	-0.13	0.42	0.45	0.27		0.61	0.57	0.32	0.64	0.28	0.66	-0.5	-0.04	-0.13	0.72	0.13	0.04	-0.13	-0.13
Total Liab	0.77	1.0	0.75	0.74	-0.38	0.84	0.48	0.66	0.61		0.67	0.55	0.67	0.44	0.92	-0.55	0.26	-0.37	0.5	0.05	0.25	-0.23	-0.23
Total Current Assets	0.86	0.68	0.86	0.85	-0.75	0.6	0.96	0.78	0.57	0.67		0.82	0.53	0.86	0.47	-0.77	0.55	-0.77	0.61	0.63	0.74	-0.77	-0.77
Common Stock	0.81	0.55	0.81	0.87	-0.96	0.73	0.77	0.93	0.32	0.55	0.82		0.61	0.95	0.22	-0.92	0.87	-0.95	0.46	0.37	0.9	-0.89	-0.89
Property Plant Equipment	0.88	0.67	0.88	0.85	-0.41	0.62	0.42	0.57	0.64	0.67	0.53	0.61		0.49	0.56	-0.79	0.23	-0.47	0.8	-0.24	0.26	-0.25	-0.25
Common Stock Shares Outstanding	0.75	0.44	0.76	0.85	-0.96	0.59	0.83	0.87	0.28	0.44	0.86	0.95	0.49		0.12	-0.87	0.83	-0.97	0.44	0.49	0.96	-0.94	-0.94
Other Current Assets	0.59	0.92	0.57	0.5	-0.03	0.68	0.26	0.39	0.66	0.92	0.47	0.22	0.56	0.12		-0.31	-0.09	-0.04	0.5	-0.03	-0.09	0.09	0.09
Other Current Liab	-0.89	-0.55	-0.9	-0.92	0.84	-0.74	-0.7	-0.88	-0.5	-0.55	-0.77	-0.92	-0.79	-0.87	-0.31		-0.69	0.88	-0.72	-0.24	-0.76	0.76	0.76
Short Term Investments	0.43	0.26	0.43	0.57	-0.95	0.61	0.5	0.82	-0.04	0.26	0.55	0.87	0.23	0.83	-0.09	-0.69		-0.88	0.01	0.34	0.91	-0.9	-0.9
Other Stockholder Equity	-0.7	-0.37	-0.7	-0.79	0.98	-0.62	-0.76	-0.91	-0.13	-0.37	-0.77	-0.95	-0.47	-0.97	-0.04	0.88	-0.88		-0.41	-0.45	-0.97	0.94	0.94
Net Invested Capital	0.82	0.5	0.83	0.72	-0.28	0.42	0.59	0.45	0.72	0.5	0.61	0.46	0.8	0.44	0.5	-0.72	0.01	-0.41		0.17	0.23	-0.25	-0.25
Net Working Capital	0.21	0.05	0.22	0.16	-0.44	0.09	0.74	0.36	0.13	0.05	0.63	0.37	-0.24	0.49	-0.03	-0.24	0.34	-0.45	0.17		0.56	-0.63	-0.64
Capital Stock	0.55	0.25	0.56	0.67	-0.98	0.5	0.75	0.83	0.04	0.25	0.74	0.9	0.26	0.96	-0.09	-0.76	0.91	-0.97	0.23	0.56		-0.98	-0.98
Property Plant And Equipment Net	-0.56	-0.23	-0.57	-0.65	0.96	-0.48	-0.78	-0.8	-0.13	-0.23	-0.77	-0.89	-0.25	-0.94	0.09	0.76	-0.9	0.94	-0.25	-0.63	-0.98		1.0
Property Plant And Equipment Gross	-0.56	-0.23	-0.57	-0.65	0.96	-0.47	-0.79	-0.8	-0.13	-0.23	-0.77	-0.89	-0.25	-0.94	0.09	0.76	-0.9	0.94	-0.25	-0.64	-0.98	1.0

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Golden Ridge Account Relationship Matchups

Golden Ridge fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	8.7M	7.9M	8.6M	6.4M	6.1M	5.9M
Total Current Liabilities	158.1K	167.5K	232.3K	236.3K	333.7K	264.1K
Total Stockholder Equity	8.6M	7.7M	8.4M	6.2M	5.7M	5.7M
Net Tangible Assets	9.0M	8.6M	7.7M	8.4M	9.6M	5.4M
Retained Earnings	(4.8M)	(12.2M)	(13.9M)	(16.6M)	(17.2M)	(16.3M)
Accounts Payable	65.8K	105.9K	118.3K	236.3K	333.7K	350.4K
Cash	837.4K	3.9M	4.9M	2.6M	1.3M	1.9M
Net Receivables	359.5K	215.3K	397.4K	34.1K	39.2K	37.3K
Total Liab	158.1K	167.5K	232.3K	236.3K	333.7K	264.9K
Total Current Assets	1.2M	5.4M	5.6M	4.1M	2.8M	2.9M
Common Stock	11.7M	11.9M	18.0M	19.9M	22.9M	24.0M
Property Plant Equipment	5.7M	7.5M	2.4M	2.8M	3.2M	2.9M
Non Current Assets Total	7.5M	2.5M	3.0M	2.3M	3.3M	3.7M
Common Stock Shares Outstanding	19.7M	51.0M	57.2M	58.4M	58.5M	38.6M
Short Term Investments	103.6K	789.8K	638.3K	1.3M	1.4M	1.5M
Other Stockholder Equity	(112.8K)	(127.3K)	(230.0K)	(381.5K)	(343.3K)	(326.2K)
Net Invested Capital	8.6M	7.7M	8.4M	6.2M	5.7M	5.8M
Net Working Capital	1.0M	5.2M	5.4M	3.8M	2.4M	3.8M
Capital Stock	11.9M	18.0M	19.9M	19.9M	19.9M	18.6M

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