Great Depreciation vs Change To Netincome Analysis
GNM Stock | 0.01 0 7.14% |
Great Northern financial indicator trend analysis is much more than just examining Great Northern Minerals latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Great Northern Minerals is a good investment. Please check the relationship between Great Northern Depreciation and its Change To Netincome accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Great Northern Minerals. 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.
Depreciation vs Change To Netincome
Depreciation vs Change To Netincome Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Great Northern Minerals Depreciation account and Change To Netincome. At this time, the significance of the direction appears to have no relationship.
The correlation between Great Northern's Depreciation and Change To Netincome is 0.07. Overlapping area represents the amount of variation of Depreciation that can explain the historical movement of Change To Netincome in the same time period over historical financial statements of Great Northern Minerals, assuming nothing else is changed. The correlation between historical values of Great Northern's Depreciation and Change To Netincome is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Depreciation of Great Northern Minerals are associated (or correlated) with its Change To Netincome. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Netincome has no effect on the direction of Depreciation i.e., Great Northern's Depreciation and Change To Netincome go up and down completely randomly.
Correlation Coefficient | 0.07 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Depreciation
Depreciation indicates how much of Great Northern Minerals value has been used up. For tax purposes Great Northern can deduct the cost of the tangible assets it purchases as business expenses. However, Great Northern Minerals must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.Change To Netincome
Most indicators from Great Northern's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Great Northern Minerals 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 Great Northern Minerals. 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 drop to about 776.3 K in 2024. Issuance Of Capital Stock is likely to drop to 1,900 in 2024
Great Northern fundamental ratios Correlations
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Great Northern Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Great Northern fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 3.6M | 3.9M | 6.2M | 4.7M | 3.7M | 4.3M | |
Other Current Liab | 204.0K | 29.7K | 4.4M | 37.5K | 40.8K | 38.7K | |
Total Current Liabilities | 720.7K | 151.2K | 4.6M | 145.6K | 112.5K | 106.9K | |
Total Stockholder Equity | 4.0M | 4.7M | 638.2K | 3.6M | 2.5M | 3.9M | |
Property Plant And Equipment Net | 200.3K | 160.5K | 118.7K | 3.4M | 3.4M | 2.0M | |
Net Debt | (2.4M) | (1.8M) | (2.7M) | (1.2M) | (230.2K) | (241.7K) | |
Retained Earnings | (76.2M) | (79.5M) | (86.4M) | (84.9M) | (86.1M) | (90.4M) | |
Accounts Payable | 489.4K | 91.3K | 120.0K | 96.5K | 71.7K | 68.2K | |
Cash | 2.5M | 1.9M | 2.7M | 1.2M | 230.2K | 218.7K | |
Non Current Assets Total | 762.4K | 1.7M | 3.4M | 3.4M | 3.4M | 3.1M | |
Cash And Short Term Investments | 2.5M | 1.9M | 2.7M | 1.2M | 230.2K | 218.7K | |
Net Receivables | 259.4K | 174.3K | 71.4K | 69.5K | 101.8K | 112.5K | |
Common Stock Shares Outstanding | 24.0M | 63.5M | 97.3M | 118.3M | 154.6M | 162.4M | |
Liabilities And Stockholders Equity | 3.6M | 3.9M | 6.2M | 4.7M | 3.7M | 4.3M | |
Total Liab | 796.0K | 425.7K | 6.8M | 2.4M | 2.3M | 2.4M | |
Property Plant And Equipment Gross | 762.4K | 1.7M | 3.4M | 3.5M | 3.5M | 2.3M | |
Total Current Assets | 2.8M | 2.3M | 2.8M | 1.3M | 356.2K | 338.4K | |
Accumulated Other Comprehensive Income | 349.2K | 295.1K | 702.5K | 954.3K | 957.2K | 909.4K | |
Common Stock | 79.8M | 83.5M | 86.3M | 87.6M | 87.6M | 78.2M | |
Non Current Liabilities Total | 75.2K | 274.4K | 2.2M | 2.2M | 2.6M | 2.7M | |
Non Currrent Assets Other | 562.1K | 1.5M | 3.2M | (3.4M) | 3.3M | 3.5M | |
Other Current Assets | 20.3K | 198.8K | 29.1K | 28.1K | 24.2K | 23.0K | |
Current Deferred Revenue | 54.0K | (30.3K) | (33.3K) | (11.7K) | (13.4K) | (14.1K) | |
Property Plant Equipment | 762.4K | 1.7M | 3.4M | 3.4M | 3.9M | 4.1M | |
Net Tangible Assets | 4.0M | 4.7M | 638.2K | 3.6M | 4.1M | 3.1M | |
Other Stockholder Equity | 349.2K | (3.7M) | (4.0M) | 702.5K | (2.6M) | 0.95 | |
Cash And Equivalents | 2.5M | 1.9M | 2.7M | 1.2M | 1.1M | 1.6M | |
Net Invested Capital | 4.0M | 4.7M | 638.2K | 3.6M | 2.5M | 2.5M | |
Net Working Capital | 2.1M | 2.1M | (1.7M) | 1.2M | 243.7K | 231.5K | |
Capital Stock | 79.8M | 83.5M | 86.3M | 87.6M | 87.6M | 91.7M |
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