Granite Net Debt vs Accounts Payable Analysis
| GRNT Stock | USD 6.45 0.10 1.53% |
Granite Ridge financial indicator trend analysis is much more than just examining Granite Ridge Resources latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Granite Ridge Resources is a good investment. Please check the relationship between Granite Ridge Net Debt and its Accounts Payable accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Granite Ridge 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 Debt vs Accounts Payable
Net Debt vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Granite Ridge Resources Net Debt account and Accounts Payable. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Granite Ridge's Net Debt and Accounts Payable is 0.57. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Granite Ridge Resources, assuming nothing else is changed. The correlation between historical values of Granite Ridge's Net Debt 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 Debt of Granite Ridge 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 Debt i.e., Granite Ridge's Net Debt and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 0.57 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
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.Accounts Payable
An accounting item on the balance sheet that represents Granite Ridge 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 Granite Ridge 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 Granite Ridge's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Granite Ridge 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 Granite Ridge 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, Granite Ridge's Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to about 34.6 M in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 3.8 M in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 138.1K | 2.0M | 5.3M | 5.6M | Depreciation And Amortization | 94.7M | 105.8M | 160.7M | 98.6M |
Granite Ridge fundamental ratios Correlations
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Granite Ridge Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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When running Granite Ridge's price analysis, check to measure Granite Ridge's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Granite Ridge is operating at the current time. Most of Granite Ridge's value examination focuses on studying past and present price action to predict the probability of Granite Ridge's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Granite Ridge's price. Additionally, you may evaluate how the addition of Granite Ridge to your portfolios can decrease your overall portfolio volatility.