Gold Net Debt vs Total Assets Analysis
| GROY Stock | USD 1.29 0.01 0.78% |
Gold Royalty financial indicator trend analysis is much more than just examining Gold Royalty Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Gold Royalty Corp is a good investment. Please check the relationship between Gold Royalty Net Debt and its Total Assets accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gold Royalty Corp. 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.
Net Debt vs Total Assets
Net Debt vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Gold Royalty Corp Net Debt account and Total Assets. At this time, the significance of the direction appears to have strong relationship.
The correlation between Gold Royalty's Net Debt and Total Assets is 0.65. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Total Assets in the same time period over historical financial statements of Gold Royalty Corp, assuming nothing else is changed. The correlation between historical values of Gold Royalty's Net Debt 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 Net Debt of Gold Royalty Corp 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 Net Debt i.e., Gold Royalty's Net Debt and Total Assets go up and down completely randomly.
Correlation Coefficient | 0.65 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
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.Total Assets
Total assets refers to the total amount of Gold Royalty 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 Gold Royalty Corp 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 Gold Royalty's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Gold Royalty Corp 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 Gold Royalty Corp. 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, Gold Royalty's Selling General Administrative is fairly stable compared to the past year. Issuance Of Capital Stock is likely to rise to about 1.5 M in 2024, despite the fact that Tax Provision is likely to grow to (5.8 M).
| 2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 12.6M | 19.6M | 10.3M | 11.7M | Cost Of Revenue | 168.7K | 1.8M | 1.5M | 939.6K |
Gold Royalty fundamental ratios Correlations
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Gold Royalty Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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When running Gold Royalty's price analysis, check to measure Gold Royalty'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 Gold Royalty is operating at the current time. Most of Gold Royalty's value examination focuses on studying past and present price action to predict the probability of Gold Royalty's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gold Royalty's price. Additionally, you may evaluate how the addition of Gold Royalty to your portfolios can decrease your overall portfolio volatility.