Golden Property Plant And Equipment Net vs Net Invested Capital Analysis

GLDN Stock

CAD 0.08 0.00 0.00%

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 Property Plant And Equipment Net and its Net Invested Capital 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.

Property Plant And Equipment Net vs Net Invested Capital

Property Plant And Equipment Net vs Net Invested Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Golden Ridge Resources Property Plant And Equipment Net account and Net Invested Capital. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Golden Ridge's Property Plant And Equipment Net and Net Invested Capital is -0.25. Overlapping area represents the amount of variation of Property Plant And Equipment Net that can explain the historical movement of Net Invested Capital 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 Property Plant And Equipment Net and Net Invested Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant And Equipment Net of Golden Ridge Resources are associated (or correlated) with its Net Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Invested Capital has no effect on the direction of Property Plant And Equipment Net i.e., Golden Ridge's Property Plant And Equipment Net and Net Invested Capital go up and down completely randomly.

Correlation Coefficient

-0.25

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Property Plant And Equipment Net

The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

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

Click cells to compare fundamentals

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

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.

Explore Investing Ideas

Additional Tools for Golden Stock Analysis

When running Golden Ridge's price analysis, check to measure Golden Ridge'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 Golden Ridge is operating at the current time. Most of Golden Ridge's value examination focuses on studying past and present price action to predict the probability of Golden Ridge's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Golden Ridge's price. Additionally, you may evaluate how the addition of Golden Ridge to your portfolios can decrease your overall portfolio volatility.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC