Greenlane Other Stockholder Equity vs Total Assets Analysis

GRN Stock  CAD 0.11  0.01  10.00%   
Greenlane Renewables financial indicator trend analysis is much more than just examining Greenlane Renewables latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Greenlane Renewables is a good investment. Please check the relationship between Greenlane Renewables Other Stockholder Equity and its Total Assets accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Greenlane Renewables. 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 Stockholder Equity vs Total Assets

Other Stockholder Equity vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Greenlane Renewables Other Stockholder Equity account and Total Assets. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Greenlane Renewables' Other Stockholder Equity and Total Assets is 0.9. Overlapping area represents the amount of variation of Other Stockholder Equity that can explain the historical movement of Total Assets in the same time period over historical financial statements of Greenlane Renewables, assuming nothing else is changed. The correlation between historical values of Greenlane Renewables' Other Stockholder Equity and Total Assets 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 Stockholder Equity of Greenlane Renewables are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Other Stockholder Equity i.e., Greenlane Renewables' Other Stockholder Equity and Total Assets go up and down completely randomly.

Correlation Coefficient

0.9
Relationship DirectionPositive 
Relationship StrengthVery Strong

Other Stockholder Equity

Total Assets

Total assets refers to the total amount of Greenlane Renewables 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 Greenlane Renewables 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.
Most indicators from Greenlane Renewables' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Greenlane Renewables 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 Greenlane Renewables. 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, Greenlane Renewables' Tax Provision is very stable compared to the past year. As of the 12th of December 2024, Sales General And Administrative To Revenue is likely to grow to 0.40, while Selling General Administrative is likely to drop about 12.5 M.

Greenlane Renewables fundamental ratios Correlations

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Greenlane Renewables Account Relationship Matchups

Greenlane Renewables fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets26.6M43.2M78.8M83.4M54.4M52.6M
Other Current Liab3.9M8.2M19.6M20.5M17.8M12.8M
Total Current Liabilities7.2M16.7M21.9M25.8M24.7M17.7M
Total Stockholder Equity7.7M25.9M56.5M53.5M25.3M31.0M
Net Tangible Assets(11.7M)7.6M39.6M27.1M31.1M32.7M
Net Debt9.5M(9.8M)(31.0M)(20.1M)(11.4M)(12.0M)
Retained Earnings(5.2M)(7.7M)(10.2M)(15.7M)(45.3M)(43.0M)
Accounts Payable978K670K633K3.9M3.0M1.7M
Cash2.3M16.4M31.5M21.4M13.4M15.7M
Non Current Assets Total20.3M19.0M17.7M30.4M13.0M18.4M
Cash And Short Term Investments2.3M16.4M31.5M21.4M13.4M15.7M
Net Receivables3.8M6.1M27.2M27.6M24.2M16.3M
Common Stock Shares Outstanding31.9M92.8M143.9M150.9M153.1M105.9M
Long Term Debt Total11.6M461K217K967K870.3K826.8K
Liabilities And Stockholders Equity26.6M43.2M78.8M83.4M54.4M52.6M
Non Current Liabilities Total11.7M567K367K4.1M4.4M2.8M
Capital Surpluse1.5M1.5M2.4M4.3M4.9M5.2M
Other Current Assets576K1.1M1.7M1.3M1.7M1.2M
Other Stockholder Equity1.5M1.5M2.4M4.3M4.9M2.7M
Total Liab18.9M17.3M22.3M29.9M29.1M21.5M
Net Invested Capital18.7M31.8M56.5M53.5M61.5M35.4M
Total Current Assets6.2M24.1M61.1M53.0M41.4M34.2M
Accumulated Other Comprehensive Income152K111K179K(378K)(153K)(145.4K)
Capital Stock11.3M31.9M64.1M65.3M75.0M38.1M
Net Working Capital(938K)7.4M39.1M27.2M31.3M16.1M
Short Term Debt186K6.2M242K268K232K220.4K
Common Stock11.3M31.9M64.1M65.3M65.8M43.8M

Other Information on Investing in Greenlane Stock

Balance Sheet is a snapshot of the financial position of Greenlane Renewables at a specified time, usually calculated after every quarter, six months, or one year. Greenlane Renewables Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Greenlane Renewables and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Greenlane currently owns. An asset can also be divided into two categories, current and non-current.