Golden Net Receivables vs Accounts Payable Analysis

GRG Stock  CAD 0.04  0.01  20.00%   
Golden Arrow financial indicator trend analysis is much more than just examining Golden Arrow Resources latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Golden Arrow Resources is a good investment. Please check the relationship between Golden Arrow Net Receivables and its Accounts Payable accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Golden Arrow 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.

Net Receivables vs Accounts Payable

Net Receivables vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Golden Arrow Resources Net Receivables account and Accounts Payable. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Golden Arrow's Net Receivables and Accounts Payable is 0.96. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Golden Arrow Resources, assuming nothing else is changed. The correlation between historical values of Golden Arrow's Net Receivables and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Receivables of Golden Arrow Resources are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Net Receivables i.e., Golden Arrow's Net Receivables and Accounts Payable go up and down completely randomly.

Correlation Coefficient

0.96
Relationship DirectionPositive 
Relationship StrengthVery Strong

Net Receivables

Accounts Payable

An accounting item on the balance sheet that represents Golden Arrow obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Golden Arrow Resources are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
Most indicators from Golden Arrow's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Golden Arrow 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 Golden Arrow 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, Golden Arrow's Selling General Administrative is fairly stable compared to the past year. Issuance Of Capital Stock is likely to climb to about 1.3 M in 2024, whereas Enterprise Value Over EBITDA is likely to drop (0.96) in 2024.
 2021 2022 2023 2024 (projected)
Other Operating Expenses6.8M6.1M7.9M5.6M
Depreciation And Amortization126.7K121.5K122.5K75.7K

Golden Arrow fundamental ratios Correlations

-0.150.98-0.37-0.120.30.540.790.790.460.580.160.56-0.19-0.580.480.45-0.23-0.290.510.890.24-0.690.69-0.750.24
-0.15-0.220.120.08-0.2-0.09-0.09-0.06-0.24-0.06-0.23-0.02-0.22-0.220.27-0.170.970.930.05-0.190.030.220.010.140.03
0.98-0.22-0.38-0.260.310.620.710.710.560.60.230.42-0.17-0.540.320.55-0.28-0.340.510.890.25-0.710.64-0.750.25
-0.370.12-0.380.19-0.7-0.35-0.17-0.41-0.420.21-0.1-0.19-0.060.19-0.11-0.410.060.110.27-0.04-0.7-0.07-0.320.31-0.7
-0.120.08-0.260.19-0.18-0.860.190.12-0.47-0.09-0.020.650.05-0.050.66-0.48-0.04-0.02-0.09-0.22-0.140.18-0.220.24-0.14
0.3-0.20.31-0.7-0.180.330.380.60.0-0.52-0.340.210.33-0.310.12-0.02-0.14-0.23-0.62-0.010.530.350.320.120.53
0.54-0.090.62-0.35-0.860.330.280.350.450.25-0.11-0.18-0.13-0.21-0.220.46-0.02-0.070.270.560.24-0.430.63-0.540.24
0.79-0.090.71-0.170.190.380.280.95-0.160.23-0.360.8-0.21-0.660.75-0.18-0.19-0.240.260.710.02-0.430.74-0.430.02
0.79-0.060.71-0.410.120.60.350.95-0.090.08-0.370.78-0.11-0.640.72-0.11-0.13-0.20.090.610.26-0.290.77-0.390.26
0.46-0.240.56-0.42-0.470.00.45-0.16-0.090.540.81-0.26-0.04-0.01-0.341.0-0.21-0.240.390.40.35-0.490.02-0.590.35
0.58-0.060.60.21-0.09-0.520.250.230.080.540.530.13-0.32-0.10.110.55-0.17-0.120.90.71-0.04-0.820.23-0.65-0.04
0.16-0.230.23-0.1-0.02-0.34-0.11-0.36-0.370.810.53-0.22-0.010.12-0.280.81-0.25-0.230.370.170.03-0.39-0.39-0.340.03
0.56-0.020.42-0.190.650.21-0.180.80.78-0.260.13-0.22-0.11-0.420.95-0.27-0.14-0.180.180.390.1-0.270.51-0.320.1
-0.19-0.22-0.17-0.060.050.33-0.13-0.21-0.11-0.04-0.32-0.01-0.110.51-0.18-0.05-0.15-0.14-0.6-0.40.120.45-0.220.440.12
-0.58-0.22-0.540.19-0.05-0.31-0.21-0.66-0.64-0.01-0.10.12-0.420.51-0.48-0.02-0.12-0.04-0.2-0.580.00.25-0.260.250.0
0.480.270.32-0.110.660.12-0.220.750.72-0.340.11-0.280.95-0.18-0.48-0.330.150.10.190.330.05-0.210.49-0.270.05
0.45-0.170.55-0.41-0.48-0.020.46-0.18-0.111.00.550.81-0.27-0.05-0.02-0.33-0.14-0.160.410.390.34-0.490.02-0.60.34
-0.230.97-0.280.06-0.04-0.14-0.02-0.19-0.13-0.21-0.17-0.25-0.14-0.15-0.120.15-0.140.96-0.06-0.270.020.290.020.160.02
-0.290.93-0.340.11-0.02-0.23-0.07-0.24-0.2-0.24-0.12-0.23-0.18-0.14-0.040.1-0.160.96-0.04-0.3-0.010.24-0.030.18-0.01
0.510.050.510.27-0.09-0.620.270.260.090.390.90.370.18-0.6-0.20.190.41-0.06-0.040.74-0.2-0.880.32-0.73-0.2
0.89-0.190.89-0.04-0.22-0.010.560.710.610.40.710.170.39-0.4-0.580.330.39-0.27-0.30.74-0.1-0.870.59-0.76-0.1
0.240.030.25-0.7-0.140.530.240.020.260.35-0.040.030.10.120.00.050.340.02-0.01-0.2-0.10.230.19-0.081.0
-0.690.22-0.71-0.070.180.35-0.43-0.43-0.29-0.49-0.82-0.39-0.270.450.25-0.21-0.490.290.24-0.88-0.870.23-0.480.860.23
0.690.010.64-0.32-0.220.320.630.740.770.020.23-0.390.51-0.22-0.260.490.020.02-0.030.320.590.19-0.48-0.620.19
-0.750.14-0.750.310.240.12-0.54-0.43-0.39-0.59-0.65-0.34-0.320.440.25-0.27-0.60.160.18-0.73-0.76-0.080.86-0.62-0.08
0.240.030.25-0.7-0.140.530.240.020.260.35-0.040.030.10.120.00.050.340.02-0.01-0.2-0.11.00.230.19-0.08
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Golden Arrow Account Relationship Matchups

Golden Arrow fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets29.9M25.0M17.2M11.4M6.5M6.2M
Total Current Liabilities456.9K378.9K497.1K691.2K796.9K607.2K
Total Stockholder Equity29.3M24.6M16.5M10.4M5.6M5.3M
Property Plant And Equipment Net660.0K633.7K1.0M4.7M4.4M4.6M
Net Debt(2.5M)(6.4M)(556.7K)(179.3K)75.0K78.7K
Retained Earnings(36.5M)(42.3M)(48.3M)(54.4M)(60.2M)(57.2M)
Cash2.8M6.6M903.6K606.7K115.8K110.0K
Non Current Assets Total660.0K633.7K1.0M4.7M5.6M7.8M
Non Currrent Assets Other34.3M49.5M660.0K(5.6M)(6.5M)(6.1M)
Cash And Short Term Investments28.9M23.9M16.0M6.2M115.8K110.0K
Common Stock Shares Outstanding117.2M119.1M116.1M115.2M118.3M64.6M
Short Term Investments26.1M17.3M15.1M5.6M6.5M5.3M
Liabilities And Stockholders Equity29.9M25.0M17.2M11.4M6.5M6.2M
Non Current Liabilities Total182.3K72.0K237.0K321.1K138.7K131.8K
Other Current Assets170.4K134.9K96.2K167.0K242.4K190.5K
Other Stockholder Equity250K10.7M12.0M20.3M18.8M12.7M
Total Liab639.3K450.9K734.1K1.0M935.6K1.5M
Total Current Assets29.2M24.4M16.2M6.8M877.8K833.9K
Accounts Payable300.4K358.9K262.6K357.1K410.7K600.5K
Net Receivables195.4K358.5K73.2K376.9K519.6K455.5K
Accumulated Other Comprehensive Income26.9M28.5M6.5M6.4M8.2M12.1M
Common Stock34.8M38.8M38.3M38.1M38.8M28.7M
Net Tangible Assets38.3M29.3M24.6M16.5M19.0M20.0M
Property Plant Equipment708.9K660.0K633.7K1.0M934.7K863.3K
Short Long Term Debt Total280.4K182.3K346.9K427.5K190.8K181.2K
Other Current Liab358.9K268.6K387.3K584.8K744.9K507.0K
Short Term Debt98.0K110.3K109.9K106.4K52.0K49.4K
Net Invested Capital29.3M24.6M16.5M10.4M5.6M5.3M
Net Working Capital28.8M24.0M15.7M6.1M80.9K76.9K

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