Gold Short Term Debt vs Cash Analysis

GOR Stock

1.87 0.01 0.54%

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

Short Term Debt vs Cash

Short Term Debt vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Gold Road Resources Short Term Debt account and Cash. At this time, the significance of the direction appears to have very week relationship.

The correlation between Gold Road's Short Term Debt and Cash is 0.24. Overlapping area represents the amount of variation of Short Term Debt that can explain the historical movement of Cash in the same time period over historical financial statements of Gold Road Resources, assuming nothing else is changed. The correlation between historical values of Gold Road's Short Term Debt 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 Short Term Debt of Gold Road Resources 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 Short Term Debt i.e., Gold Road's Short Term Debt and Cash go up and down completely randomly.

Correlation Coefficient

0.24

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Short Term Debt

Cash

Cash refers to the most liquid asset of Gold Road Resources, which is listed under current asset account on Gold Road Resources balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Gold Road customers. The amounts must be unrestricted with restricted cash listed in a different Gold Road 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 Gold Road's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Gold Road 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 Gold Road 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 gain to about 19.4 M in 2024. Tax Provision is likely to gain to about 54 M in 2024

	2021	2022	2023	2024 (projected)
Depreciation And Amortization	61.8M	83.9M	80.0M	84.0M
Total Revenue	274.8M	382.9M	472.1M	495.7M

Depreciation And Amortization Total Revenue

Gold Road fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Accounts Payable	Net Receivables	Total Liab	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Cash And Short Term Investments	Common Stock Total Equity	Common Stock Shares Outstanding	Property Plant And Equipment Gross	Total Current Assets	Common Stock	Property Plant Equipment	Short Long Term Debt Total	Other Current Liab	Non Current Liabilities Total	Other Current Assets	Short Term Debt	Other Assets	Other Liab	Long Term Investments
Total Assets		0.88	0.94	0.07	0.88	0.99	0.9	0.2	0.96	0.58	0.98	0.58	0.79	0.74	0.97	0.62	0.96	0.92	0.36	0.91	0.84	0.0	0.42	0.2	0.7	0.84
Total Current Liabilities	0.88		0.85	-0.09	0.95	0.81	0.91	0.39	0.82	0.49	0.88	0.49	0.69	0.64	0.89	0.47	0.77	0.92	0.53	0.99	0.94	-0.16	0.78	0.35	0.74	0.65
Accounts Payable	0.94	0.85		0.09	0.84	0.93	0.85	0.01	0.95	0.74	0.89	0.74	0.79	0.76	0.96	0.71	0.88	0.86	0.36	0.87	0.86	-0.02	0.43	0.07	0.75	0.71
Net Receivables	0.07	-0.09	0.09		-0.13	0.14	-0.1	-0.58	0.23	0.49	-0.1	0.49	0.29	0.31	-0.06	0.72	0.1	-0.1	0.04	-0.03	-0.13	0.99	-0.17	-0.13	0.03	-0.09
Total Liab	0.88	0.95	0.84	-0.13		0.79	0.98	0.5	0.82	0.41	0.9	0.41	0.7	0.7	0.91	0.41	0.75	0.98	0.47	0.95	0.94	-0.19	0.74	0.48	0.86	0.58
Total Stockholder Equity	0.99	0.81	0.93	0.14	0.79		0.82	0.08	0.96	0.61	0.95	0.61	0.78	0.71	0.93	0.66	0.97	0.85	0.3	0.85	0.76	0.06	0.29	0.1	0.6	0.88
Property Plant And Equipment Net	0.9	0.91	0.85	-0.1	0.98	0.82		0.44	0.85	0.45	0.91	0.45	0.76	0.74	0.94	0.45	0.78	1.0	0.44	0.93	0.88	-0.16	0.65	0.47	0.87	0.59
Net Debt	0.2	0.39	0.01	-0.58	0.5	0.08	0.44		0.04	-0.57	0.36	-0.57	-0.1	-0.03	0.22	-0.52	0.08	0.44	0.19	0.35	0.39	-0.51	0.51	0.63	0.31	0.19
Retained Earnings	0.96	0.82	0.95	0.23	0.82	0.96	0.85	0.04		0.68	0.91	0.68	0.76	0.72	0.94	0.73	0.88	0.87	0.25	0.86	0.79	0.14	0.36	0.1	0.72	0.76
Cash	0.58	0.49	0.74	0.49	0.41	0.61	0.45	-0.57	0.68		0.43	1.0	0.79	0.71	0.6	0.93	0.58	0.46	0.32	0.53	0.44	0.37	0.24	-0.1	0.48	0.28
Non Current Assets Total	0.98	0.88	0.89	-0.1	0.9	0.95	0.91	0.36	0.91	0.43		0.43	0.7	0.65	0.95	0.45	0.93	0.93	0.33	0.9	0.85	-0.17	0.44	0.25	0.67	0.87
Cash And Short Term Investments	0.58	0.49	0.74	0.49	0.41	0.61	0.45	-0.57	0.68	1.0	0.43		0.78	0.7	0.6	0.93	0.58	0.46	0.32	0.53	0.44	0.37	0.24	-0.1	0.48	0.28
Common Stock Total Equity	0.79	0.69	0.79	0.29	0.7	0.78	0.76	-0.1	0.76	0.79	0.7	0.78		0.9	0.77	0.77	0.82	0.76	0.56	0.73	0.62	0.22	0.4	0.29	0.66	0.46
Common Stock Shares Outstanding	0.74	0.64	0.76	0.31	0.7	0.71	0.74	-0.03	0.72	0.71	0.65	0.7	0.9		0.73	0.73	0.73	0.73	0.53	0.67	0.62	0.25	0.4	0.37	0.75	0.38
Property Plant And Equipment Gross	0.97	0.89	0.96	-0.06	0.91	0.93	0.94	0.22	0.94	0.6	0.95	0.6	0.77	0.73		0.56	0.89	0.95	0.37	0.9	0.86	-0.15	0.49	0.27	0.77	0.75
Total Current Assets	0.62	0.47	0.71	0.72	0.41	0.66	0.45	-0.52	0.73	0.93	0.45	0.93	0.77	0.73	0.56		0.62	0.45	0.29	0.52	0.44	0.63	0.19	-0.09	0.49	0.33
Common Stock	0.96	0.77	0.88	0.1	0.75	0.97	0.78	0.08	0.88	0.58	0.93	0.58	0.82	0.73	0.89	0.62		0.8	0.38	0.8	0.71	0.03	0.26	0.13	0.52	0.88
Property Plant Equipment	0.92	0.92	0.86	-0.1	0.98	0.85	1.0	0.44	0.87	0.46	0.93	0.46	0.76	0.73	0.95	0.45	0.8		0.43	0.94	0.89	-0.16	0.64	0.44	0.86	0.63
Short Long Term Debt Total	0.36	0.53	0.36	0.04	0.47	0.3	0.44	0.19	0.25	0.32	0.33	0.32	0.56	0.53	0.37	0.29	0.38	0.43		0.51	0.43	0.02	0.59	0.45	0.34	0.12
Other Current Liab	0.91	0.99	0.87	-0.03	0.95	0.85	0.93	0.35	0.86	0.53	0.9	0.53	0.73	0.67	0.9	0.52	0.8	0.94	0.51		0.93	-0.1	0.74	0.32	0.76	0.67
Non Current Liabilities Total	0.84	0.94	0.86	-0.13	0.94	0.76	0.88	0.39	0.79	0.44	0.85	0.44	0.62	0.62	0.86	0.44	0.71	0.89	0.43	0.93		-0.2	0.72	0.24	0.83	0.59
Other Current Assets	0.0	-0.16	-0.02	0.99	-0.19	0.06	-0.16	-0.51	0.14	0.37	-0.17	0.37	0.22	0.25	-0.15	0.63	0.03	-0.16	0.02	-0.1	-0.2		-0.19	-0.1	-0.02	-0.14
Short Term Debt	0.42	0.78	0.43	-0.17	0.74	0.29	0.65	0.51	0.36	0.24	0.44	0.24	0.4	0.4	0.49	0.19	0.26	0.64	0.59	0.74	0.72	-0.19		0.57	0.64	0.08
Other Assets	0.2	0.35	0.07	-0.13	0.48	0.1	0.47	0.63	0.1	-0.1	0.25	-0.1	0.29	0.37	0.27	-0.09	0.13	0.44	0.45	0.32	0.24	-0.1	0.57		0.37	-0.07
Other Liab	0.7	0.74	0.75	0.03	0.86	0.6	0.87	0.31	0.72	0.48	0.67	0.48	0.66	0.75	0.77	0.49	0.52	0.86	0.34	0.76	0.83	-0.02	0.64	0.37		0.26
Long Term Investments	0.84	0.65	0.71	-0.09	0.58	0.88	0.59	0.19	0.76	0.28	0.87	0.28	0.46	0.38	0.75	0.33	0.88	0.63	0.12	0.67	0.59	-0.14	0.08	-0.07	0.26

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Gold Road Account Relationship Matchups

Gold Road fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	607.0M	641.9M	652.4M	1.1B	1.2B	1.2B
Total Current Liabilities	97.8M	57.3M	54.1M	60.3M	85.1M	89.4M
Accounts Payable	9.0M	11.5M	13.5M	14.9M	15.8M	16.6M
Net Receivables	1.8M	5.5M	2.1M	3.0M	4.5M	5.3M
Total Liab	270.9M	222.4M	210.9M	232.6M	235.8M	247.6M
Total Stockholder Equity	336.1M	419.5M	441.5M	831.8M	942.4M	989.6M
Property Plant And Equipment Net	456.1M	451.3M	461.7M	444.1M	505.8M	531.1M
Net Debt	99.0M	(10.4M)	(15.9M)	48.1M	(15.2M)	(16.0M)
Retained Earnings	130.1M	211.9M	234.1M	282.9M	385.3M	404.6M
Cash	101.3M	126.4M	131.5M	74.4M	143.8M	151.0M
Non Current Assets Total	484.4M	484.5M	479.8M	927.4M	983.1M	1.0B
Cash And Short Term Investments	101.3M	126.4M	131.5M	74.4M	143.8M	151.0M
Common Stock Shares Outstanding	878.9M	884.0M	886.9M	987.5M	1.1B	661.1M
Liabilities And Stockholders Equity	607.0M	641.9M	652.4M	1.1B	1.2B	1.2B
Property Plant And Equipment Gross	472.9M	468.3M	609.9M	695.3M	793.0M	832.7M
Total Current Assets	122.7M	157.3M	172.6M	137.0M	195.2M	204.9M
Accumulated Other Comprehensive Income	2.1M	3.6M	2.8M	114.8M	117.1M	122.9M
Property Plant Equipment	472.9M	468.3M	479.1M	481.2M	553.4M	581.1M
Short Long Term Debt Total	200.4M	116.0M	115.6M	122.5M	128.6M	126.2M
Other Current Liab	30.7M	21.5M	18.8M	20.0M	30.5M	32.1M
Non Current Liabilities Total	173.1M	165.1M	156.9M	172.3M	150.7M	158.2M
Other Current Assets	1.2M	2.0M	2.2M	2.3M	3.0M	2.9M
Short Term Debt	58.1M	20.3M	22.3M	5.6M	13.8M	15.7M
Other Assets	11.5M	10.9M	1.5M	711K	4.8M	0.95
Other Liab	30.9M	44.1M	52.0M	27.4M	31.5M	18.8M
Long Term Investments	577K	1.5M	711K	406.8M	465.0M	488.2M
Net Tangible Assets	336.1M	419.5M	441.5M	831.8M	956.6M	1.0B
Inventory	18.3M	23.4M	36.8M	57.3M	43.8M	46.0M
Other Stockholder Equity	2.1M	3.6M	2.8M	114.8M	1.0	0.95
Non Currrent Assets Other	16.8M	17.0M	17.4M	37.1M	12.3M	12.9M
Short Term Investments	82K	874K	834K	358K	269K	255.6K
Long Term Debt Total	142.3M	106.3M	104.9M	110.3M	126.9M	90.3M
Net Invested Capital	414.6M	419.5M	441.5M	831.8M	942.4M	593.9M
Current Deferred Revenue	(67.1M)	7.3M	5.5M	6.6M	25.0M	26.2M
Capital Lease Obligations	121.9M	116.0M	115.6M	122.5M	128.6M	132.0M

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