GROW Non Currrent Assets Other vs Common Stock Total Equity Analysis
GROW Stock | USD 2.44 0.01 0.41% |
US Global financial indicator trend analysis is much more than just breaking down US Global Investors prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether US Global Investors is a good investment. Please check the relationship between US Global Non Currrent Assets Other and its Common Stock Total Equity accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in US Global Investors. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.
Non Currrent Assets Other vs Common Stock Total Equity
Non Currrent Assets Other vs Common Stock Total Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of US Global Investors Non Currrent Assets Other account and Common Stock Total Equity. At this time, the significance of the direction appears to have no relationship.
The correlation between US Global's Non Currrent Assets Other and Common Stock Total Equity is 0.07. Overlapping area represents the amount of variation of Non Currrent Assets Other that can explain the historical movement of Common Stock Total Equity in the same time period over historical financial statements of US Global Investors, assuming nothing else is changed. The correlation between historical values of US Global's Non Currrent Assets Other and Common Stock Total Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Currrent Assets Other of US Global Investors are associated (or correlated) with its Common Stock Total Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Total Equity has no effect on the direction of Non Currrent Assets Other i.e., US Global's Non Currrent Assets Other and Common Stock Total Equity go up and down completely randomly.
Correlation Coefficient | 0.07 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Non Currrent Assets Other
Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.Common Stock Total Equity
The total value of common stock equity held by shareholders, representing their ownership interest in the company.Most indicators from US Global's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into US Global Investors 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 US Global Investors. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons. At this time, US Global's Selling General Administrative is fairly stable compared to the past year. Tax Provision is likely to climb to about 931.5 K in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 36.9 K in 2024.
US Global fundamental ratios Correlations
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US Global Account Relationship Matchups
High Positive Relationship
High Negative Relationship
US Global fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 18.8M | 62.3M | 60.7M | 55.7M | 52.0M | 36.4M | |
Short Long Term Debt Total | 535K | 43K | 93K | 66K | 39K | 37.1K | |
Other Current Liab | 1.4M | 2.6M | 3.6M | 2.2M | 1.5M | 1.4M | |
Total Current Liabilities | 2.0M | 5.2M | 4.1M | 2.9M | 2.2M | 2.1M | |
Total Stockholder Equity | 16.8M | 54.3M | 56.5M | 52.2M | 49.0M | 27.4M | |
Property Plant And Equipment Net | 1.6M | 1.4M | 1.5M | 1.2M | 1.2M | 1.9M | |
Net Debt | (1.4M) | (14.4M) | (22.2M) | (25.3M) | (27.4M) | (26.0M) | |
Retained Earnings | 2.6M | 33.8M | 38.0M | 37.7M | 37.5M | 39.3M | |
Accounts Payable | 142K | 553K | 533K | 629K | 509K | 372.5K | |
Cash | 1.9M | 14.4M | 22.3M | 25.4M | 27.4M | 28.8M | |
Non Current Assets Total | 8.3M | 35.5M | 22.7M | 15.3M | 11.6M | 10.1M | |
Non Currrent Assets Other | 92K | 99K | (1.4M) | (2.0M) | 203K | 192.9K | |
Cash And Short Term Investments | 8.3M | 20.8M | 34.5M | 37.0M | 42.6M | 44.7M | |
Net Receivables | 974K | 4.7M | 2.2M | 1.8M | 1.8M | 2.4M | |
Common Stock Shares Outstanding | 15.1M | 15.1M | 15.0M | 14.6M | 14.2M | 16.3M | |
Liabilities And Stockholders Equity | 18.8M | 62.3M | 60.7M | 55.7M | 52.0M | 36.4M | |
Non Current Liabilities Total | 43K | 2.8M | 66K | 538K | 793K | 753.4K | |
Other Current Assets | 7.6M | 1.4M | 1.4M | 1.5M | 1.5M | 1.4M | |
Other Stockholder Equity | 11.1M | 13.5M | (22.1M) | 12.7M | 10.6M | 8.6M | |
Total Liab | 2.1M | 8.0M | 4.2M | 3.5M | 3.0M | 2.8M | |
Property Plant And Equipment Gross | 1.6M | 5.5M | 5.7M | 5.7M | 5.8M | 3.2M | |
Total Current Assets | 10.5M | 26.8M | 38.0M | 40.4M | 40.3M | 22.4M | |
Accumulated Other Comprehensive Income | (4K) | 6.6M | 4.3M | 1.3M | 584K | 702.6K | |
Other Assets | 72K | 92K | 99K | 468K | 421.2K | 555.2K | |
Inventory | (6.3M) | (8.5M) | 1.0 | (12.2M) | (10.4M) | (10.9M) | |
Property Plant Equipment | 1.7M | 1.6M | 1.4M | 1.5M | 1.3M | 1.9M | |
Net Tangible Assets | 21.7M | 16.8M | 54.3M | 56.5M | 65.0M | 36.2M | |
Deferred Long Term Liab | 133K | 7K | 4K | 9K | 10.4K | 9.8K |
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