Golden Total Stockholder Equity vs Net Debt 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 Total Stockholder Equity and its Net Debt 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.

Total Stockholder Equity vs Net Debt

Total Stockholder Equity vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Golden Arrow Resources Total Stockholder Equity account and Net Debt. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Golden Arrow's Total Stockholder Equity and Net Debt is -0.26. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Net Debt 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 Total Stockholder Equity 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 Total Stockholder Equity of Golden Arrow Resources 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 Total Stockholder Equity i.e., Golden Arrow's Total Stockholder Equity and Net Debt go up and down completely randomly.

Correlation Coefficient

-0.26
Relationship DirectionNegative 
Relationship StrengthInsignificant

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

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 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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