Grande Total Current Liabilities vs Net Debt 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 Total Current Liabilities and its Net Debt 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.
Total Current Liabilities vs Net Debt
Total Current Liabilities vs Net Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Grande Portage Resources Total Current Liabilities account and Net Debt. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Grande Portage's Total Current Liabilities and Net Debt is -0.02. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Net Debt 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 Total Current Liabilities and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Liabilities of Grande Portage Resources are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Total Current Liabilities i.e., Grande Portage's Total Current Liabilities and Net Debt go up and down completely randomly.
Correlation Coefficient | -0.02 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
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.Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.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
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Grande Portage Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Grande Portage fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 12.4M | 17.9M | 19.6M | 20.9M | 24.0M | 25.2M | |
Total Current Liabilities | 450.3K | 433.8K | 276.1K | 962.4K | 1.1M | 1.2M | |
Total Stockholder Equity | 12.0M | 17.4M | 19.3M | 19.8M | 22.7M | 23.9M | |
Property Plant And Equipment Net | 10.8M | 14.3M | 17.1M | 20.3M | 23.4M | 24.5M | |
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 Payable | 450.3K | 433.8K | 276.1K | 919.2K | 1.1M | 1.1M | |
Cash | 1.5M | 3.4M | 318.0K | 344.2K | 395.8K | 376.0K | |
Non Current Assets Total | 10.9M | 14.4M | 17.2M | 20.5M | 23.5M | 24.7M | |
Cash And Short Term Investments | 1.5M | 3.4M | 2.3M | 344.2K | 395.8K | 376.0K | |
Net Receivables | 15.1K | 9.8K | 6.3K | 5.9K | 5.3K | 5.1K | |
Common Stock Shares Outstanding | 67.4M | 87.6M | 106.9M | 110.8M | 127.4M | 133.8M | |
Liabilities And Stockholders Equity | 12.4M | 17.9M | 19.6M | 20.9M | 24.0M | 25.2M | |
Total Liab | 450.3K | 433.8K | 276.1K | 1.1M | 1.3M | 1.3M | |
Total Current Assets | 1.6M | 3.5M | 2.4M | 403.9K | 464.5K | 441.3K | |
Accumulated Other Comprehensive Income | 2.9M | 3.3M | 3.8M | 4.2M | 4.9M | 5.1M | |
Other Current Assets | 61.4K | 83.4K | 52.7K | 53.9K | 48.5K | 46.1K | |
Short Term Investments | 4.2K | 2.2K | 1.2K | 949.0 | 2.0M | 0.0 | |
Common Stock | 28.8M | 35.1M | 37.7M | 38.8M | 44.6M | 27.0M | |
Net Tangible Assets | 7.9M | 12.0M | 17.4M | 19.3M | 22.2M | 23.3M | |
Property Plant Equipment | 7.8M | 10.8M | 14.3M | 17.1M | 19.7M | 20.7M | |
Net Invested Capital | 12.0M | 17.4M | 19.3M | 19.8M | 22.7M | 14.2M | |
Net Working Capital | 1.1M | 3.1M | 2.1M | (558.5K) | (642.2K) | (610.1K) | |
Capital Stock | 28.8M | 35.1M | 37.7M | 38.8M | 44.6M | 34.4M |
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When running Grande Portage's price analysis, check to measure Grande Portage'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 Grande Portage is operating at the current time. Most of Grande Portage's value examination focuses on studying past and present price action to predict the probability of Grande Portage's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Grande Portage's price. Additionally, you may evaluate how the addition of Grande Portage to your portfolios can decrease your overall portfolio volatility.