Golden Net Receivables vs Short Term Investments 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 Net Receivables and its Short Term Investments 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.

Net Receivables vs Short Term Investments

Net Receivables vs Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Golden Ridge Resources Net Receivables account and Short Term Investments. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Golden Ridge's Net Receivables and Short Term Investments is -0.04. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Short Term Investments 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 Net Receivables and Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Receivables of Golden Ridge Resources are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Net Receivables i.e., Golden Ridge's Net Receivables and Short Term Investments go up and down completely randomly.

Correlation Coefficient

-0.04

Relationship Direction	Negative
Relationship Strength	Insignificant

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Net Receivables

Short Term Investments

Short Term Investments is an item under the current assets section of Golden Ridge balance sheet. It contains any investments Golden Ridge Resources undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Golden Ridge Resources can easily liquidate in the marketplace.

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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