Granite Other Current Assets vs Short Long Term Debt Total Analysis

GPMT Stock  USD 3.41  0.02  0.58%   
Granite Point financial indicator trend analysis is much more than just examining Granite Point Mortgage latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Granite Point Mortgage is a good investment. Please check the relationship between Granite Point Other Current Assets and its Short Long Term Debt Total accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Granite Point Mortgage. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Other Current Assets vs Short Long Term Debt Total

Other Current Assets vs Short Long Term Debt Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Granite Point Mortgage Other Current Assets account and Short Long Term Debt Total. At this time, the significance of the direction appears to have pay attention.
The correlation between Granite Point's Other Current Assets and Short Long Term Debt Total is -0.8. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Short Long Term Debt Total in the same time period over historical financial statements of Granite Point Mortgage, assuming nothing else is changed. The correlation between historical values of Granite Point's Other Current Assets and Short Long Term Debt Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Assets of Granite Point Mortgage are associated (or correlated) with its Short Long Term Debt Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Long Term Debt Total has no effect on the direction of Other Current Assets i.e., Granite Point's Other Current Assets and Short Long Term Debt Total go up and down completely randomly.

Correlation Coefficient

-0.8
Relationship DirectionNegative 
Relationship StrengthSignificant

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.

Short Long Term Debt Total

Most indicators from Granite Point's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Granite Point Mortgage 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 Granite Point Mortgage. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.
Tax Provision is likely to gain to about 116.2 K in 2024, whereas Selling General Administrative is likely to drop slightly above 20.6 M in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit57.4M47.3M255.2M268.0M
Total Revenue87.5M78.3M266.5M279.8M

Granite Point fundamental ratios Correlations

0.95-0.360.070.960.90.91-0.230.89-0.520.820.750.69-0.230.290.90.280.86-0.950.920.480.76-0.770.930.82-0.68
0.95-0.410.190.90.840.86-0.220.89-0.470.80.790.67-0.290.370.90.070.8-0.880.870.470.88-0.80.830.8-0.64
-0.36-0.410.47-0.31-0.42-0.290.01-0.670.29-0.53-0.48-0.330.580.0-0.66-0.1-0.270.15-0.59-0.36-0.610.58-0.180.070.41
0.070.190.470.01-0.11-0.040.25-0.140.260.080.220.250.29-0.18-0.11-0.160.09-0.14-0.2-0.28-0.050.01-0.060.370.19
0.960.9-0.310.010.920.96-0.280.84-0.610.80.740.69-0.280.240.850.370.78-0.960.910.590.7-0.760.910.88-0.8
0.90.84-0.42-0.110.920.96-0.320.85-0.740.890.80.64-0.480.280.860.410.85-0.880.90.660.76-0.860.840.81-0.69
0.910.86-0.29-0.040.960.96-0.360.8-0.720.830.780.68-0.330.320.810.330.8-0.950.880.660.74-0.780.880.89-0.77
-0.23-0.220.010.25-0.28-0.32-0.36-0.190.78-0.27-0.31-0.230.33-0.53-0.20.07-0.330.34-0.41-0.66-0.310.43-0.25-0.240.17
0.890.89-0.67-0.140.840.850.8-0.19-0.530.780.710.66-0.430.181.00.320.81-0.760.920.620.84-0.790.80.59-0.57
-0.52-0.470.290.26-0.61-0.74-0.720.78-0.53-0.7-0.68-0.570.57-0.26-0.55-0.37-0.630.62-0.7-0.89-0.510.75-0.48-0.550.47
0.820.8-0.530.080.80.890.83-0.270.78-0.70.970.81-0.490.080.810.340.78-0.780.870.560.73-0.930.610.7-0.66
0.750.79-0.480.220.740.80.78-0.310.71-0.680.970.84-0.450.090.740.190.69-0.740.790.560.75-0.90.50.71-0.65
0.690.67-0.330.250.690.640.68-0.230.66-0.570.810.84-0.05-0.230.670.370.71-0.760.720.580.55-0.610.530.66-0.51
-0.23-0.290.580.29-0.28-0.48-0.330.33-0.430.57-0.49-0.45-0.05-0.2-0.45-0.25-0.240.1-0.41-0.53-0.390.71-0.08-0.130.29
0.290.370.0-0.180.240.280.32-0.530.18-0.260.080.09-0.23-0.20.19-0.580.18-0.250.270.110.51-0.310.350.22-0.19
0.90.9-0.66-0.110.850.860.81-0.21.0-0.550.810.740.67-0.450.190.310.82-0.780.930.630.85-0.820.80.61-0.58
0.280.07-0.1-0.160.370.410.330.070.32-0.370.340.190.37-0.25-0.580.310.41-0.310.310.42-0.17-0.220.320.28-0.17
0.860.8-0.270.090.780.850.8-0.330.81-0.630.780.690.71-0.240.180.820.41-0.840.830.580.67-0.740.840.72-0.32
-0.95-0.880.15-0.14-0.96-0.88-0.950.34-0.760.62-0.78-0.74-0.760.1-0.25-0.78-0.31-0.84-0.86-0.56-0.670.69-0.92-0.920.69
0.920.87-0.59-0.20.910.90.88-0.410.92-0.70.870.790.72-0.410.270.930.310.83-0.860.650.8-0.860.830.65-0.71
0.480.47-0.36-0.280.590.660.66-0.660.62-0.890.560.560.58-0.530.110.630.420.58-0.560.650.53-0.610.480.5-0.39
0.760.88-0.61-0.050.70.760.74-0.310.84-0.510.730.750.55-0.390.510.85-0.170.67-0.670.80.53-0.780.650.56-0.53
-0.77-0.80.580.01-0.76-0.86-0.780.43-0.790.75-0.93-0.9-0.610.71-0.31-0.82-0.22-0.740.69-0.86-0.61-0.78-0.57-0.620.6
0.930.83-0.18-0.060.910.840.88-0.250.8-0.480.610.50.53-0.080.350.80.320.84-0.920.830.480.65-0.570.78-0.56
0.820.80.070.370.880.810.89-0.240.59-0.550.70.710.66-0.130.220.610.280.72-0.920.650.50.56-0.620.78-0.62
-0.68-0.640.410.19-0.8-0.69-0.770.17-0.570.47-0.66-0.65-0.510.29-0.19-0.58-0.17-0.320.69-0.71-0.39-0.530.6-0.56-0.62
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Granite Point Account Relationship Matchups

Granite Point fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets4.5B4.2B4.0B3.5B2.8B3.3B
Short Long Term Debt Total3.0B3.2B3.6B1.4B2.0B2.2B
Other Current Liab(49.3M)(694.5M)(1.1B)(100M)14.1M10.8M
Total Current Liabilities49.3M1.1B451.1M100M98.1M93.2M
Total Stockholder Equity1.0B933.8M1.0B983.5M858.9M901.9M
Other Liab24.5M23.0M21.4M25.0M28.7M15.5M
Net Tangible Assets1.0B934.8M1.0B984.5M1.1B897.0M
Net Debt1.4B1.3B2.1B1.3B887.3M1.0B
Retained Earnings(29.9M)(125.0M)(112.8M)(219.4M)(339.7M)(322.8M)
Accounts Payable7.3M25.0M14.4M14.3M16.5M9.8M
Cash80.3M261.4M191.9M133.1M188.4M142.6M
Non Current Assets Total30.9M3.9B3.8B3.3B2.6B2.6B
Non Currrent Assets Other(30.9M)(341.6M)(215.0M)(153.6M)(228.5M)(217.1M)
Other Assets4.3B67.8M12.4M(3.3B)2.8B3.0B
Long Term Debt1.4B1.4B2.1B1.3B991.7M1.1B
Cash And Short Term Investments93.1M261.4M191.9M3.5B188.4M179.0M
Net Receivables11.3M12.4M10.7M13.4M12.4M11.4M
Common Stock Total Equity549K552K538K524K471.6K448.0K
Common Stock Shares Outstanding53.1M55.2M54.9M53.0M51.6M54.9M
Short Term Investments12.8M0.03.8B3.4B3.9B4.0B
Liabilities And Stockholders Equity4.5B4.2B4.0B3.5B2.8B3.3B
Non Current Liabilities Total1.4B1.5B2.3B130.9M1.7B1.1B
Other Current Assets(171.1M)(341.6M)(215.0M)(153.6M)(228.5M)(217.1M)
Total Liab3.4B1.5B2.3B2.5B2.0B2.1B
Short Long Term Debt75M42.0M0.0100M84M110.5M
Total Current Assets104.4M273.8M202.6M3.5B200.8M190.7M
Short Term Debt42.0M1.8B1.5B100M84M79.8M
Common Stock549K552K538K524K506K480.7K
Long Term Debt Total3.0B1.4B2.1B1.3B1.5B1.8B
Other Stockholder Equity1.0B1.1B1.1B1.2B1.2B1.0B
Accumulated Other Comprehensive Income(30M)(192K)32K0.0(506K)(531.3K)
Retained Earnings Total Equity(192.0M)(228.2M)(284.3M)(350.1M)(315.1M)(330.8M)
Capital Surpluse1.0B1.1B1.1B1.2B1.4B1.1B
Net Invested Capital2.5B2.5B3.3B2.4B1.9B2.4B
Non Current Liabilities Other2.1B1.9B742.3M1.1B976.9M976.1M
Capital Stock549K552K584K606K588K607.8K

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