Grande Total Stockholder Equity vs Retained Earnings 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 Stockholder Equity and its Retained Earnings 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 Stockholder Equity vs Retained Earnings

Total Stockholder Equity vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Grande Portage Resources Total Stockholder Equity account and Retained Earnings. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Grande Portage's Total Stockholder Equity and Retained Earnings is -0.61. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Retained Earnings 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 Stockholder Equity and Retained Earnings 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 Stockholder Equity of Grande Portage Resources are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Total Stockholder Equity i.e., Grande Portage's Total Stockholder Equity and Retained Earnings go up and down completely randomly.

Correlation Coefficient

-0.61
Relationship DirectionNegative 
Relationship StrengthWeak

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.
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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