Grande Cash And Short Term Investments vs Total Current Liabilities Analysis

GPG Stock  CAD 0.22  0.01  4.35%   
Grande Portage financial indicator trend analysis is much more than just examining Grande Portage Resources latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Grande Portage Resources is a good investment. Please check the relationship between Grande Portage Cash And Short Term Investments and its Total Current Liabilities accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Grande Portage 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 And Short Term Investments vs Total Current Liabilities

Cash And Short Term Investments vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Grande Portage Resources Cash And Short Term Investments account and Total Current Liabilities. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Grande Portage's Cash And Short Term Investments and Total Current Liabilities is -0.06. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Grande Portage Resources, assuming nothing else is changed. The correlation between historical values of Grande Portage's Cash And Short Term Investments and Total Current Liabilities 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 And Short Term Investments of Grande Portage Resources are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Cash And Short Term Investments i.e., Grande Portage's Cash And Short Term Investments and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

-0.06
Relationship DirectionNegative 
Relationship StrengthInsignificant

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Grande Portage Resources balance sheet. This account contains Grande Portage investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Grande Portage Resources fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

Total Current Liabilities

Total Current Liabilities is an item on Grande Portage balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Grande Portage Resources are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
Most indicators from Grande Portage's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Grande Portage 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 Grande Portage 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.
At this time, Grande Portage's Selling General Administrative is fairly stable compared to the past year. Issuance Of Capital Stock is likely to climb to about 1.8 M in 2024, whereas Enterprise Value Over EBITDA is likely to drop (24.77) in 2024.

Grande Portage fundamental ratios Correlations

0.781.00.99-0.24-0.620.840.310.990.41-0.030.930.170.780.410.560.77-0.310.58-0.43-0.160.09-0.20.830.92-0.24
0.780.760.82-0.02-0.580.960.10.82-0.06-0.160.80.011.0-0.060.450.94-0.140.48-0.450.140.03-0.380.660.71-0.02
1.00.760.99-0.26-0.610.820.320.990.43-0.030.920.180.760.430.560.75-0.310.58-0.42-0.170.1-0.190.830.92-0.25
0.990.820.99-0.15-0.610.870.221.00.3-0.070.930.130.830.30.560.82-0.290.58-0.42-0.150.08-0.230.820.92-0.23
-0.24-0.02-0.26-0.150.31-0.09-1.0-0.15-0.820.07-0.260.020.01-0.8-0.11-0.050.18-0.10.3-0.09-0.10.2-0.33-0.230.09
-0.62-0.58-0.61-0.610.31-0.6-0.35-0.61-0.280.44-0.760.34-0.56-0.26-0.66-0.70.58-0.660.48-0.37-0.210.56-0.77-0.430.0
0.840.960.820.87-0.09-0.60.170.870.02-0.250.89-0.060.960.010.380.94-0.070.41-0.610.170.12-0.310.750.82-0.23
0.310.10.320.22-1.0-0.350.170.220.81-0.080.32-0.020.070.790.140.12-0.180.14-0.330.10.1-0.220.390.29-0.1
0.990.820.991.0-0.15-0.610.870.220.3-0.070.930.130.830.30.560.82-0.290.58-0.42-0.140.08-0.230.820.92-0.23
0.41-0.060.430.3-0.82-0.280.020.810.30.190.340.27-0.080.990.16-0.06-0.250.15-0.23-0.130.070.130.430.39-0.15
-0.03-0.16-0.03-0.070.070.44-0.25-0.08-0.070.19-0.310.95-0.170.260.07-0.34-0.140.060.39-0.670.060.19-0.28-0.12-0.08
0.930.80.920.93-0.26-0.760.890.320.930.34-0.31-0.080.80.320.430.87-0.170.45-0.650.210.08-0.180.90.91-0.22
0.170.010.180.130.020.34-0.06-0.020.130.270.95-0.080.010.330.08-0.15-0.070.080.25-0.61-0.010.24-0.120.12-0.13
0.781.00.760.830.01-0.560.960.070.83-0.08-0.170.80.01-0.090.440.94-0.110.47-0.440.130.01-0.360.660.72-0.04
0.41-0.060.430.3-0.8-0.260.010.790.30.990.260.320.33-0.090.18-0.07-0.270.17-0.22-0.180.140.120.420.38-0.16
0.560.450.560.56-0.11-0.660.380.140.560.160.070.430.080.440.180.46-0.911.00.12-0.340.19-0.780.380.20.05
0.770.940.750.82-0.05-0.70.940.120.82-0.06-0.340.87-0.150.94-0.070.46-0.160.49-0.520.260.13-0.430.720.71-0.02
-0.31-0.14-0.31-0.290.180.58-0.07-0.18-0.29-0.25-0.14-0.17-0.07-0.11-0.27-0.91-0.16-0.89-0.240.37-0.220.74-0.240.07-0.09
0.580.480.580.58-0.1-0.660.410.140.580.150.060.450.080.470.171.00.49-0.890.1-0.340.18-0.770.40.230.04
-0.43-0.45-0.42-0.420.30.48-0.61-0.33-0.42-0.230.39-0.650.25-0.44-0.220.12-0.52-0.240.1-0.55-0.3-0.1-0.6-0.560.36
-0.160.14-0.17-0.15-0.09-0.370.170.1-0.14-0.13-0.670.21-0.610.13-0.18-0.340.260.37-0.34-0.55-0.020.080.22-0.010.09
0.090.030.10.08-0.1-0.210.120.10.080.070.060.08-0.010.010.140.190.13-0.220.18-0.3-0.02-0.20.130.02-0.16
-0.2-0.38-0.19-0.230.20.56-0.31-0.22-0.230.130.19-0.180.24-0.360.12-0.78-0.430.74-0.77-0.10.08-0.2-0.160.11-0.14
0.830.660.830.82-0.33-0.770.750.390.820.43-0.280.9-0.120.660.420.380.72-0.240.4-0.60.220.13-0.160.8-0.2
0.920.710.920.92-0.23-0.430.820.290.920.39-0.120.910.120.720.380.20.710.070.23-0.56-0.010.020.110.8-0.31
-0.24-0.02-0.25-0.230.090.0-0.23-0.1-0.23-0.15-0.08-0.22-0.13-0.04-0.160.05-0.02-0.090.040.360.09-0.16-0.14-0.2-0.31
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Grande Portage Account Relationship Matchups

Grande Portage fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets12.4M17.9M19.6M20.9M24.0M25.2M
Total Current Liabilities450.3K433.8K276.1K962.4K1.1M1.2M
Total Stockholder Equity12.0M17.4M19.3M19.8M22.7M23.9M
Property Plant And Equipment Net10.8M14.3M17.1M20.3M23.4M24.5M
Net Debt(1.5M)(3.4M)(318.0K)(213.1K)(191.8K)(201.3K)
Retained Earnings(19.7M)(20.9M)(22.2M)(23.3M)(20.9M)(19.9M)
Accounts Payable450.3K433.8K276.1K919.2K1.1M1.1M
Cash1.5M3.4M318.0K344.2K395.8K376.0K
Non Current Assets Total10.9M14.4M17.2M20.5M23.5M24.7M
Cash And Short Term Investments1.5M3.4M2.3M344.2K395.8K376.0K
Net Receivables15.1K9.8K6.3K5.9K5.3K5.1K
Common Stock Shares Outstanding67.4M87.6M106.9M110.8M127.4M133.8M
Liabilities And Stockholders Equity12.4M17.9M19.6M20.9M24.0M25.2M
Total Liab450.3K433.8K276.1K1.1M1.3M1.3M
Total Current Assets1.6M3.5M2.4M403.9K464.5K441.3K
Accumulated Other Comprehensive Income2.9M3.3M3.8M4.2M4.9M5.1M
Other Current Assets61.4K83.4K52.7K53.9K48.5K46.1K
Short Term Investments4.2K2.2K1.2K949.02.0M0.0
Common Stock28.8M35.1M37.7M38.8M44.6M27.0M
Net Tangible Assets7.9M12.0M17.4M19.3M22.2M23.3M
Property Plant Equipment7.8M10.8M14.3M17.1M19.7M20.7M
Net Invested Capital12.0M17.4M19.3M19.8M22.7M14.2M
Net Working Capital1.1M3.1M2.1M(558.5K)(642.2K)(610.1K)
Capital Stock28.8M35.1M37.7M38.8M44.6M34.4M

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