Great Total Assets vs Total Current Liabilities Analysis
| GR Stock | CAD 0.06 0.01 14.29% |
Great Atlantic financial indicator trend analysis is much more than just examining Great Atlantic Resources latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Great Atlantic Resources is a good investment. Please check the relationship between Great Atlantic Total Assets 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 Great Atlantic 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 Assets vs Total Current Liabilities
Total Assets vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Great Atlantic Resources Total Assets account and Total Current Liabilities. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Great Atlantic's Total Assets and Total Current Liabilities is -0.17. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Great Atlantic Resources, assuming nothing else is changed. The correlation between historical values of Great Atlantic's Total Assets 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 Total Assets of Great Atlantic 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 Total Assets i.e., Great Atlantic's Total Assets and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | -0.17 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Total Assets
Total assets refers to the total amount of Great Atlantic assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Great Atlantic Resources books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Total Current Liabilities
Total Current Liabilities is an item on Great Atlantic balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Great Atlantic 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 Great Atlantic's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Great Atlantic 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 Great Atlantic 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, Great Atlantic's Sales General And Administrative To Revenue is fairly stable compared to the past year. Enterprise Value is likely to climb to about 2.2 M in 2024, whereas Selling General Administrative is likely to drop slightly above 421.6 K in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Depreciation And Amortization | 166.9K | 250.0K | 229.8K | 241.3K | Income Tax Expense | 670.4K | 271.6K | 3.0 | 2.85 |
Great Atlantic fundamental ratios Correlations
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Great Atlantic Account Relationship Matchups
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Additional Tools for Great Stock Analysis
When running Great Atlantic's price analysis, check to measure Great Atlantic'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 Great Atlantic is operating at the current time. Most of Great Atlantic's value examination focuses on studying past and present price action to predict the probability of Great Atlantic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Great Atlantic's price. Additionally, you may evaluate how the addition of Great Atlantic to your portfolios can decrease your overall portfolio volatility.