GRIT Other Assets vs Net Debt 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 Other Assets and its Net Debt 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.

Other Assets vs Net Debt

Other Assets vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of GRIT Real Estate Other Assets account and Net Debt. At this time, the significance of the direction appears to have weak relationship.

The correlation between GRIT Real's Other Assets and Net Debt is 0.36. Overlapping area represents the amount of variation of Other Assets that can explain the historical movement of Net Debt 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 Other Assets 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 Other Assets of GRIT Real Estate 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 Other Assets i.e., GRIT Real's Other Assets and Net Debt go up and down completely randomly.

Correlation Coefficient

0.36

Relationship Direction	Positive
Relationship Strength	Very Weak

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Other Assets

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 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 Profit	42.1M	46.6M	51.6M	88.2K
Total Revenue	50.8M	56.2M	64.0M	103.0K

Gross Profit Total Revenue

GRIT Real fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Other Liab	Net Tangible Assets	Current Deferred Revenue	Long Term Debt
Total Assets		0.97	-0.15	0.75	0.94	0.3	0.99	-0.81	0.51	0.67	1.0	0.92	0.4	0.67	0.13	0.95	0.85	0.68	-0.01	0.99	0.76	1.0	0.85	0.86	0.62	0.84
Short Long Term Debt Total	0.97		-0.2	0.74	0.87	0.32	0.98	-0.88	0.48	0.58	0.97	0.91	0.37	0.58	0.06	0.97	0.85	0.74	-0.08	0.99	0.74	0.97	0.86	0.81	0.6	0.82
Other Current Liab	-0.15	-0.2		0.07	-0.29	-0.03	-0.16	-0.03	0.43	0.06	-0.19	-0.2	-0.42	0.06	-0.14	-0.14	-0.27	0.14	0.71	-0.15	0.16	-0.19	-0.17	-0.02	-0.02	0.17
Total Current Liabilities	0.75	0.74	0.07		0.57	-0.2	0.74	-0.72	0.4	0.58	0.7	0.83	0.28	0.58	-0.05	0.71	0.32	0.93	0.04	0.76	0.95	0.71	0.66	0.68	0.52	0.6
Total Stockholder Equity	0.94	0.87	-0.29	0.57		0.3	0.9	-0.6	0.44	0.72	0.95	0.85	0.49	0.72	0.27	0.84	0.85	0.47	0.0	0.9	0.62	0.95	0.74	0.79	0.5	0.71
Property Plant And Equipment Net	0.3	0.32	-0.03	-0.2	0.3		0.32	-0.41	0.08	0.05	0.34	-0.05	-0.12	0.05	-0.28	0.47	0.62	-0.06	0.12	0.32	-0.16	0.35	0.29	0.31	0.26	0.38
Net Debt	0.99	0.98	-0.16	0.74	0.9	0.32		-0.86	0.51	0.58	0.99	0.91	0.36	0.58	0.08	0.97	0.87	0.69	-0.08	1.0	0.74	0.99	0.88	0.85	0.64	0.87
Retained Earnings	-0.81	-0.88	-0.03	-0.72	-0.6	-0.41	-0.86		-0.44	-0.46	-0.79	-0.71	-0.26	-0.46	0.36	-0.92	-0.7	-0.82	-0.06	-0.87	-0.74	-0.82	-0.83	-0.73	-0.69	-0.83
Accounts Payable	0.51	0.48	0.43	0.4	0.44	0.08	0.51	-0.44		0.4	0.49	0.47	0.01	0.4	0.08	0.43	0.41	0.42	0.48	0.5	0.55	0.49	0.23	0.25	0.16	0.47
Cash	0.67	0.58	0.06	0.58	0.72	0.05	0.58	-0.46	0.4		0.64	0.65	0.64	1.0	0.03	0.58	0.42	0.58	0.52	0.6	0.75	0.67	0.44	0.62	0.36	0.47
Non Current Assets Total	1.0	0.97	-0.19	0.7	0.95	0.34	0.99	-0.79	0.49	0.64		0.91	0.39	0.64	0.15	0.95	0.88	0.64	-0.04	0.99	0.71	1.0	0.85	0.86	0.61	0.84
Non Currrent Assets Other	0.92	0.91	-0.2	0.83	0.85	-0.05	0.91	-0.71	0.47	0.65	0.91		0.48	0.65	0.23	0.83	0.68	0.73	-0.11	0.91	0.83	0.9	0.83	0.81	0.62	0.75
Other Assets	0.4	0.37	-0.42	0.28	0.49	-0.12	0.36	-0.26	0.01	0.64	0.39	0.48		0.64	-0.07	0.37	0.32	0.31	0.01	0.37	0.43	0.43	0.33	0.37	0.25	0.24
Cash And Short Term Investments	0.67	0.58	0.06	0.58	0.72	0.05	0.58	-0.46	0.4	1.0	0.64	0.65	0.64		0.03	0.58	0.42	0.58	0.52	0.6	0.75	0.67	0.44	0.62	0.36	0.47
Common Stock Total Equity	0.13	0.06	-0.14	-0.05	0.27	-0.28	0.08	0.36	0.08	0.03	0.15	0.23	-0.07	0.03		-0.1	0.12	-0.27	-0.28	0.06	-0.12	0.09	-0.04	0.02	-0.23	-0.06
Common Stock Shares Outstanding	0.95	0.97	-0.14	0.71	0.84	0.47	0.97	-0.92	0.43	0.58	0.95	0.83	0.37	0.58	-0.1		0.86	0.72	-0.02	0.97	0.71	0.96	0.88	0.86	0.69	0.87
Non Current Liabilities Total	0.85	0.85	-0.27	0.32	0.85	0.62	0.87	-0.7	0.41	0.42	0.88	0.68	0.32	0.42	0.12	0.86		0.32	-0.11	0.86	0.36	0.88	0.77	0.71	0.54	0.79
Other Current Assets	0.68	0.74	0.14	0.93	0.47	-0.06	0.69	-0.82	0.42	0.58	0.64	0.73	0.31	0.58	-0.27	0.72	0.32		0.19	0.72	0.93	0.66	0.6	0.6	0.46	0.58
Other Stockholder Equity	-0.01	-0.08	0.71	0.04	0.0	0.12	-0.08	-0.06	0.48	0.52	-0.04	-0.11	0.01	0.52	-0.28	-0.02	-0.11	0.19		-0.05	0.27	-0.01	-0.22	0.01	-0.1	0.07
Total Liab	0.99	0.99	-0.15	0.76	0.9	0.32	1.0	-0.87	0.5	0.6	0.99	0.91	0.37	0.6	0.06	0.97	0.86	0.72	-0.05		0.77	0.99	0.89	0.86	0.65	0.87
Total Current Assets	0.76	0.74	0.16	0.95	0.62	-0.16	0.74	-0.74	0.55	0.75	0.71	0.83	0.43	0.75	-0.12	0.71	0.36	0.93	0.27	0.77		0.73	0.62	0.67	0.5	0.63
Common Stock	1.0	0.97	-0.19	0.71	0.95	0.35	0.99	-0.82	0.49	0.67	1.0	0.9	0.43	0.67	0.09	0.96	0.88	0.66	-0.01	0.99	0.73		0.86	0.85	0.63	0.84
Other Liab	0.85	0.86	-0.17	0.66	0.74	0.29	0.88	-0.83	0.23	0.44	0.85	0.83	0.33	0.44	-0.04	0.88	0.77	0.6	-0.22	0.89	0.62	0.86		0.91	0.89	0.91
Net Tangible Assets	0.86	0.81	-0.02	0.68	0.79	0.31	0.85	-0.73	0.25	0.62	0.86	0.81	0.37	0.62	0.02	0.86	0.71	0.6	0.01	0.86	0.67	0.85	0.91		0.81	0.9
Current Deferred Revenue	0.62	0.6	-0.02	0.52	0.5	0.26	0.64	-0.69	0.16	0.36	0.61	0.62	0.25	0.36	-0.23	0.69	0.54	0.46	-0.1	0.65	0.5	0.63	0.89	0.81		0.79
Long Term Debt	0.84	0.82	0.17	0.6	0.71	0.38	0.87	-0.83	0.47	0.47	0.84	0.75	0.24	0.47	-0.06	0.87	0.79	0.58	0.07	0.87	0.63	0.84	0.91	0.9	0.79

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GRIT Real Account Relationship Matchups

GRIT Real fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	845.7M	810.7M	937.2M	907.7M	1.1B	1.2M
Short Long Term Debt Total	448.6M	432.4M	456.3M	459.5M	540.9M	769.4K
Other Current Liab	(105.5M)	(207.7M)	(200.5M)	(97.2M)	93.1M	307.5K
Total Current Liabilities	126.1M	233.2M	234.9M	4.8M	498.3M	307.5K
Total Stockholder Equity	297.9M	296.3M	391.6M	359.1M	254.7M	906.2K
Property Plant And Equipment Net	3.4M	2.4M	2.1M	622.9M	14.0M	1.8M
Net Debt	445.0M	427.6M	430.3M	450.3M	522.1M	(67.3K)
Retained Earnings	(133.8M)	(176.1M)	(178.0M)	(218.3M)	(307.7M)	71.3K
Accounts Payable	7.9M	6.6M	4.8M	6.5M	11.2M	84.9K
Cash	3.6M	4.9M	26.0M	9.2M	18.8M	67.3K
Non Current Assets Total	808.7M	747.8M	840.2M	898.5M	906.5M	1.1M
Non Currrent Assets Other	780.3M	724.8M	824.9M	275.1M	877.0M	1.1M
Other Assets	77.7M	27.9M	630.5M	1.0	1.15	1.09
Cash And Short Term Investments	3.6M	4.9M	26.0M	9.2M	18.8M	67.3K
Common Stock Total Equity	328.4M	443.3M	454.1M	102.35	117.7	111.82
Common Stock Shares Outstanding	289.6M	302.7M	314.0M	399.3M	482.3M	483.7M
Liabilities And Stockholders Equity	845.7M	810.7M	937.2M	907.7M	1.1B	1.2M
Non Current Liabilities Total	422.3M	299.1M	333.0M	569.3M	198.8M	769.4K
Other Current Assets	28.7M	58.0M	71.0M	24.5M	129.1M	327.0
Other Stockholder Equity	(26.6M)	(16.9M)	4.3M	10.1M	26.7M	864.5K
Total Liab	548.4M	532.3M	567.8M	574.1M	697.1M	307.5K
Total Current Assets	37.0M	62.9M	97.0M	9.2M	147.9M	73.9K
Common Stock	328.4M	443.3M	454.1M	463.8M	535.7M	102.35
Accumulated Other Comprehensive Income	(4.1M)	1.5M	20.6M	26.4M	(30.9K)	(29.3K)
Other Liab	44.4M	57.4M	51.7M	49.6M	57.0M	33.1M
Net Tangible Assets	389.4M	297.3M	270.4M	361.4M	415.6M	293.9M
Long Term Debt	351.2M	233.8M	270.0M	361.4M	415.6M	234.9M
Net Receivables	33.4M	57.9M	69.1M	18.6M	21.4M	34.0M
Property Plant And Equipment Gross	3.4M	7.0M	6.5M	8.6M	9.8M	10.3M
Short Long Term Debt	91.7M	197.7M	184.8M	80.2M	92.2M	127.6M
Short Term Debt	96.5M	203.3M	200.2M	94.8M	391.7M	411.2M
Intangible Assets	568K	480K	670K	433K	193K	183.4K
Property Plant Equipment	569.9M	569.1M	551.9M	2.1M	2.4M	2.3M
Capital Lease Obligations	1.2M	955K	1.4M	4.6M	5.3M	5.6M
Net Invested Capital	740.8M	702.3M	816.9M	769.0M	884.4M	776.8M
Net Working Capital	(89.1M)	(170.3M)	(137.8M)	(109.4M)	(98.5M)	(103.4M)
Capital Stock	454.1M	489.3M	565.3M	567.3M	652.4M	554.2M

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GRIT Other Assets vs Net Debt Analysis

Other Assets vs Net Debt

Other Assets vs Net Debt Correlation Analysis

Correlation Coefficient

Other Assets

Net Debt

GRIT Real fundamental ratios Correlations

GRIT Real Account Relationship Matchups

High Positive Relationship

High Negative Relationship

GRIT Real fundamental ratios Accounts

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Non Current Assets Total	+ 1.0	Total Assets
Common Stock	+ 1.0	Total Assets
Total Liab	+ 1.0	Net Debt
Cash And Short Term Investments	+ 1.0	Cash
Common Stock	+ 1.0	Non Current Assets Total
Net Debt	+ 0.99	Total Assets

Common Stock Shares Outstanding	- 0.92	Retained Earnings
Retained Earnings	- 0.88	Short Long Term Debt Total
Total Liab	- 0.87	Retained Earnings
Retained Earnings	- 0.86	Net Debt
Long Term Debt	- 0.83	Retained Earnings
Other Liab	- 0.83	Retained Earnings