GRIT Non Currrent Assets Other vs Total Current Liabilities Analysis

GR1T Stock   10.50  0.00  0.00%   
GRIT Real financial indicator trend analysis is much more than just examining GRIT Real Estate latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether GRIT Real Estate is a good investment. Please check the relationship between GRIT Real Non Currrent Assets Other 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 GRIT Real Estate. 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.

Non Currrent Assets Other vs Total Current Liabilities

Non Currrent Assets Other vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of GRIT Real Estate Non Currrent Assets Other account and Total Current Liabilities. At this time, the significance of the direction appears to have very strong relationship.
The correlation between GRIT Real's Non Currrent Assets Other and Total Current Liabilities is 0.83. Overlapping area represents the amount of variation of Non Currrent Assets Other that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of GRIT Real Estate, assuming nothing else is changed. The correlation between historical values of GRIT Real's Non Currrent Assets Other 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 Non Currrent Assets Other of GRIT Real Estate 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 Non Currrent Assets Other i.e., GRIT Real's Non Currrent Assets Other and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.83
Relationship DirectionPositive 
Relationship StrengthStrong

Non Currrent Assets Other

Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.

Total Current Liabilities

Total Current Liabilities is an item on GRIT Real balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of GRIT Real Estate 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 GRIT Real's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into GRIT Real Estate 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 GRIT Real Estate. 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.
Tax Provision is likely to gain to about 6.7 M in 2024, whereas Selling General Administrative is likely to drop slightly above 146.5 K in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit42.1M46.6M51.6M88.2K
Total Revenue50.8M56.2M64.0M103.0K

GRIT Real fundamental ratios Correlations

0.97-0.150.750.940.30.99-0.810.510.671.00.920.40.670.130.950.850.68-0.010.990.761.00.850.860.620.84
0.97-0.20.740.870.320.98-0.880.480.580.970.910.370.580.060.970.850.74-0.080.990.740.970.860.810.60.82
-0.15-0.20.07-0.29-0.03-0.16-0.030.430.06-0.19-0.2-0.420.06-0.14-0.14-0.270.140.71-0.150.16-0.19-0.17-0.02-0.020.17
0.750.740.070.57-0.20.74-0.720.40.580.70.830.280.58-0.050.710.320.930.040.760.950.710.660.680.520.6
0.940.87-0.290.570.30.9-0.60.440.720.950.850.490.720.270.840.850.470.00.90.620.950.740.790.50.71
0.30.32-0.03-0.20.30.32-0.410.080.050.34-0.05-0.120.05-0.280.470.62-0.060.120.32-0.160.350.290.310.260.38
0.990.98-0.160.740.90.32-0.860.510.580.990.910.360.580.080.970.870.69-0.081.00.740.990.880.850.640.87
-0.81-0.88-0.03-0.72-0.6-0.41-0.86-0.44-0.46-0.79-0.71-0.26-0.460.36-0.92-0.7-0.82-0.06-0.87-0.74-0.82-0.83-0.73-0.69-0.83
0.510.480.430.40.440.080.51-0.440.40.490.470.010.40.080.430.410.420.480.50.550.490.230.250.160.47
0.670.580.060.580.720.050.58-0.460.40.640.650.641.00.030.580.420.580.520.60.750.670.440.620.360.47
1.00.97-0.190.70.950.340.99-0.790.490.640.910.390.640.150.950.880.64-0.040.990.711.00.850.860.610.84
0.920.91-0.20.830.85-0.050.91-0.710.470.650.910.480.650.230.830.680.73-0.110.910.830.90.830.810.620.75
0.40.37-0.420.280.49-0.120.36-0.260.010.640.390.480.64-0.070.370.320.310.010.370.430.430.330.370.250.24
0.670.580.060.580.720.050.58-0.460.41.00.640.650.640.030.580.420.580.520.60.750.670.440.620.360.47
0.130.06-0.14-0.050.27-0.280.080.360.080.030.150.23-0.070.03-0.10.12-0.27-0.280.06-0.120.09-0.040.02-0.23-0.06
0.950.97-0.140.710.840.470.97-0.920.430.580.950.830.370.58-0.10.860.72-0.020.970.710.960.880.860.690.87
0.850.85-0.270.320.850.620.87-0.70.410.420.880.680.320.420.120.860.32-0.110.860.360.880.770.710.540.79
0.680.740.140.930.47-0.060.69-0.820.420.580.640.730.310.58-0.270.720.320.190.720.930.660.60.60.460.58
-0.01-0.080.710.040.00.12-0.08-0.060.480.52-0.04-0.110.010.52-0.28-0.02-0.110.19-0.050.27-0.01-0.220.01-0.10.07
0.990.99-0.150.760.90.321.0-0.870.50.60.990.910.370.60.060.970.860.72-0.050.770.990.890.860.650.87
0.760.740.160.950.62-0.160.74-0.740.550.750.710.830.430.75-0.120.710.360.930.270.770.730.620.670.50.63
1.00.97-0.190.710.950.350.99-0.820.490.671.00.90.430.670.090.960.880.66-0.010.990.730.860.850.630.84
0.850.86-0.170.660.740.290.88-0.830.230.440.850.830.330.44-0.040.880.770.6-0.220.890.620.860.910.890.91
0.860.81-0.020.680.790.310.85-0.730.250.620.860.810.370.620.020.860.710.60.010.860.670.850.910.810.9
0.620.6-0.020.520.50.260.64-0.690.160.360.610.620.250.36-0.230.690.540.46-0.10.650.50.630.890.810.79
0.840.820.170.60.710.380.87-0.830.470.470.840.750.240.47-0.060.870.790.580.070.870.630.840.910.90.79
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GRIT Real Account Relationship Matchups

GRIT Real fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets845.7M810.7M937.2M907.7M1.1B1.2M
Short Long Term Debt Total448.6M432.4M456.3M459.5M540.9M769.4K
Other Current Liab(105.5M)(207.7M)(200.5M)(97.2M)93.1M307.5K
Total Current Liabilities126.1M233.2M234.9M4.8M498.3M307.5K
Total Stockholder Equity297.9M296.3M391.6M359.1M254.7M906.2K
Property Plant And Equipment Net3.4M2.4M2.1M622.9M14.0M1.8M
Net Debt445.0M427.6M430.3M450.3M522.1M(67.3K)
Retained Earnings(133.8M)(176.1M)(178.0M)(218.3M)(307.7M)71.3K
Accounts Payable7.9M6.6M4.8M6.5M11.2M84.9K
Cash3.6M4.9M26.0M9.2M18.8M67.3K
Non Current Assets Total808.7M747.8M840.2M898.5M906.5M1.1M
Non Currrent Assets Other780.3M724.8M824.9M275.1M877.0M1.1M
Other Assets77.7M27.9M630.5M1.01.151.09
Cash And Short Term Investments3.6M4.9M26.0M9.2M18.8M67.3K
Common Stock Total Equity328.4M443.3M454.1M102.35117.7111.82
Common Stock Shares Outstanding289.6M302.7M314.0M399.3M482.3M483.7M
Liabilities And Stockholders Equity845.7M810.7M937.2M907.7M1.1B1.2M
Non Current Liabilities Total422.3M299.1M333.0M569.3M198.8M769.4K
Other Current Assets28.7M58.0M71.0M24.5M129.1M327.0
Other Stockholder Equity(26.6M)(16.9M)4.3M10.1M26.7M864.5K
Total Liab548.4M532.3M567.8M574.1M697.1M307.5K
Total Current Assets37.0M62.9M97.0M9.2M147.9M73.9K
Common Stock328.4M443.3M454.1M463.8M535.7M102.35
Accumulated Other Comprehensive Income(4.1M)1.5M20.6M26.4M(30.9K)(29.3K)
Other Liab44.4M57.4M51.7M49.6M57.0M33.1M
Net Tangible Assets389.4M297.3M270.4M361.4M415.6M293.9M
Long Term Debt351.2M233.8M270.0M361.4M415.6M234.9M
Net Receivables33.4M57.9M69.1M18.6M21.4M34.0M
Property Plant And Equipment Gross3.4M7.0M6.5M8.6M9.8M10.3M
Short Long Term Debt91.7M197.7M184.8M80.2M92.2M127.6M
Short Term Debt96.5M203.3M200.2M94.8M391.7M411.2M
Intangible Assets568K480K670K433K193K183.4K
Property Plant Equipment569.9M569.1M551.9M2.1M2.4M2.3M
Capital Lease Obligations1.2M955K1.4M4.6M5.3M5.6M
Net Invested Capital740.8M702.3M816.9M769.0M884.4M776.8M
Net Working Capital(89.1M)(170.3M)(137.8M)(109.4M)(98.5M)(103.4M)
Capital Stock454.1M489.3M565.3M567.3M652.4M554.2M

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