Granite Gross Profit Margin vs Net Debt Analysis

GRT-UN Stock

CAD 71.41 0.78 1.10%

Granite Real financial indicator trend analysis is much more than just examining Granite Real Estate latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Granite Real Estate is a good investment. Please check the relationship between Granite Real Gross Profit Margin and its Net Debt accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Granite Real Estate. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

Gross Profit Margin vs Net Debt

Gross Profit Margin vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Granite Real Estate Gross Profit Margin account and Net Debt. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Granite Real's Gross Profit Margin and Net Debt is -0.21. Overlapping area represents the amount of variation of Gross Profit Margin that can explain the historical movement of Net Debt in the same time period over historical financial statements of Granite Real Estate, assuming nothing else is changed. The correlation between historical values of Granite Real's Gross Profit Margin 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 Gross Profit Margin of Granite Real Estate 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 Gross Profit Margin i.e., Granite Real's Gross Profit Margin and Net Debt go up and down completely randomly.

Correlation Coefficient

-0.21

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Gross Profit Margin

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 Granite Real's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Granite Real Estate 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 Real Estate. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

At present, Granite Real's Selling General Administrative is projected to increase significantly based on the last few years of reporting. The current year's Sales General And Administrative To Revenue is expected to grow to 0.13, whereas Discontinued Operations is forecasted to decline to about 4.7 M.

	2021	2022	2023	2024 (projected)
Gross Profit	332.7M	380.4M	435.2M	254.6M
Total Revenue	393.5M	455.6M	521.3M	422.4M

Gross Profit Total Revenue

Granite Real fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Non Currrent Assets Other	Current Deferred Revenue	Retained Earnings	Inventory	Short Term Debt	Intangible Assets
Total Assets		0.99	0.77	0.77	1.0	-0.21	0.97	-0.14	0.34	1.0	0.03	0.34	0.05	0.9	0.99	0.09	-0.54	0.99	-0.21	0.31	0.97	0.58	0.98	0.43	0.71	-0.55
Short Long Term Debt Total	0.99		0.81	0.79	0.98	-0.29	0.98	-0.22	0.33	0.99	-0.06	0.33	-0.03	0.89	0.99	0.05	-0.55	1.0	-0.29	0.28	0.97	0.53	0.95	0.33	0.75	-0.62
Other Current Liab	0.77	0.81		0.57	0.76	-0.77	0.78	-0.72	0.32	0.79	-0.59	0.32	-0.57	0.72	0.81	0.2	-0.8	0.81	-0.77	0.33	0.81	-0.04	0.69	0.02	0.47	-0.93
Total Current Liabilities	0.77	0.79	0.57		0.75	-0.11	0.78	-0.05	0.18	0.76	0.03	0.18	0.0	0.83	0.74	0.14	-0.49	0.78	-0.11	0.22	0.73	0.55	0.72	0.34	0.95	-0.46
Total Stockholder Equity	1.0	0.98	0.76	0.75		-0.18	0.96	-0.11	0.32	0.99	0.06	0.32	0.07	0.9	0.99	0.1	-0.54	0.99	-0.18	0.3	0.96	0.59	0.99	0.47	0.69	-0.52
Property Plant And Equipment Net	-0.21	-0.29	-0.77	-0.11	-0.18		-0.26	1.0	-0.2	-0.25	0.97	-0.2	0.9	-0.21	-0.29	-0.1	0.66	-0.28	1.0	-0.19	-0.32	0.62	-0.08	0.49	-0.04	0.91
Net Debt	0.97	0.98	0.78	0.78	0.96	-0.26		-0.18	0.13	0.98	-0.03	0.13	0.02	0.88	0.96	0.08	-0.52	0.97	-0.26	0.1	0.95	0.58	0.94	0.35	0.77	-0.62
Accounts Payable	-0.14	-0.22	-0.72	-0.05	-0.11	1.0	-0.18		-0.22	-0.18	0.98	-0.22	0.92	-0.14	-0.22	-0.09	0.64	-0.2	1.0	-0.21	-0.25	0.68	-0.01	0.53	0.02	0.87
Cash	0.34	0.33	0.32	0.18	0.32	-0.2	0.13	-0.22		0.28	-0.12	1.0	-0.2	0.2	0.38	-0.14	-0.27	0.36	-0.2	0.9	0.33	-0.07	0.29	-0.04	0.11	-0.15
Non Current Assets Total	1.0	0.99	0.79	0.76	0.99	-0.25	0.98	-0.18	0.28		-0.01	0.28	0.02	0.9	0.99	0.07	-0.56	0.99	-0.25	0.24	0.97	0.56	0.97	0.41	0.72	-0.59
Other Assets	0.03	-0.06	-0.59	0.03	0.06	0.97	-0.03	0.98	-0.12	-0.01		-0.12	0.94	0.0	-0.05	-0.08	0.53	-0.04	0.97	-0.12	-0.09	0.77	0.16	0.63	0.1	0.79
Cash And Short Term Investments	0.34	0.33	0.32	0.18	0.32	-0.2	0.13	-0.22	1.0	0.28	-0.12		-0.2	0.2	0.38	-0.14	-0.27	0.36	-0.2	0.9	0.33	-0.07	0.29	-0.04	0.11	-0.15
Net Receivables	0.05	-0.03	-0.57	0.0	0.07	0.9	0.02	0.92	-0.2	0.02	0.94	-0.2		-0.01	-0.03	-0.19	0.51	-0.02	0.9	-0.25	-0.05	0.76	0.17	0.52	0.11	0.72
Common Stock Shares Outstanding	0.9	0.89	0.72	0.83	0.9	-0.21	0.88	-0.14	0.2	0.9	0.0	0.2	-0.01		0.88	0.07	-0.68	0.89	-0.21	0.21	0.88	0.54	0.89	0.56	0.7	-0.54
Non Current Liabilities Total	0.99	0.99	0.81	0.74	0.99	-0.29	0.96	-0.22	0.38	0.99	-0.05	0.38	-0.03	0.88		0.07	-0.56	1.0	-0.29	0.33	0.97	0.51	0.97	0.35	0.68	-0.61
Other Current Assets	0.09	0.05	0.2	0.14	0.1	-0.1	0.08	-0.09	-0.14	0.07	-0.08	-0.14	-0.19	0.07	0.07		-0.15	0.08	-0.1	0.28	-0.11	-0.11	0.12	0.11	0.05	-0.13
Other Stockholder Equity	-0.54	-0.55	-0.8	-0.49	-0.54	0.66	-0.52	0.64	-0.27	-0.56	0.53	-0.27	0.51	-0.68	-0.56	-0.15		-0.56	0.66	-0.31	-0.6	0.16	-0.49	-0.25	-0.33	0.77
Total Liab	0.99	1.0	0.81	0.78	0.99	-0.28	0.97	-0.2	0.36	0.99	-0.04	0.36	-0.02	0.89	1.0	0.08	-0.56		-0.28	0.32	0.97	0.53	0.96	0.36	0.74	-0.61
Property Plant And Equipment Gross	-0.21	-0.29	-0.77	-0.11	-0.18	1.0	-0.26	1.0	-0.2	-0.25	0.97	-0.2	0.9	-0.21	-0.29	-0.1	0.66	-0.28		-0.19	-0.32	0.62	-0.08	0.49	-0.04	0.91
Total Current Assets	0.31	0.28	0.33	0.22	0.3	-0.19	0.1	-0.21	0.9	0.24	-0.12	0.9	-0.25	0.21	0.33	0.28	-0.31	0.32	-0.19		0.21	-0.12	0.29	0.04	0.1	-0.13
Non Currrent Assets Other	0.97	0.97	0.81	0.73	0.96	-0.32	0.95	-0.25	0.33	0.97	-0.09	0.33	-0.05	0.88	0.97	-0.11	-0.6	0.97	-0.32	0.21		0.49	0.93	0.34	0.69	-0.64
Current Deferred Revenue	0.58	0.53	-0.04	0.55	0.59	0.62	0.58	0.68	-0.07	0.56	0.77	-0.07	0.76	0.54	0.51	-0.11	0.16	0.53	0.62	-0.12	0.49		0.65	0.65	0.62	0.25
Retained Earnings	0.98	0.95	0.69	0.72	0.99	-0.08	0.94	-0.01	0.29	0.97	0.16	0.29	0.17	0.89	0.97	0.12	-0.49	0.96	-0.08	0.29	0.93	0.65		0.55	0.66	-0.44
Inventory	0.43	0.33	0.02	0.34	0.47	0.49	0.35	0.53	-0.04	0.41	0.63	-0.04	0.52	0.56	0.35	0.11	-0.25	0.36	0.49	0.04	0.34	0.65	0.55		0.23	0.22
Short Term Debt	0.71	0.75	0.47	0.95	0.69	-0.04	0.77	0.02	0.11	0.72	0.1	0.11	0.11	0.7	0.68	0.05	-0.33	0.74	-0.04	0.1	0.69	0.62	0.66	0.23		-0.39
Intangible Assets	-0.55	-0.62	-0.93	-0.46	-0.52	0.91	-0.62	0.87	-0.15	-0.59	0.79	-0.15	0.72	-0.54	-0.61	-0.13	0.77	-0.61	0.91	-0.13	-0.64	0.25	-0.44	0.22	-0.39

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Granite Real Account Relationship Matchups

Granite Real fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	4.8B	6.7B	8.6B	9.3B	9.1B	9.5B
Short Long Term Debt Total	1.2B	2.2B	2.5B	3.1B	3.1B	3.3B
Other Current Liab	62.2M	84.0M	125.9M	131.8M	112.4M	118.0M
Total Current Liabilities	85.1M	373.9M	164.4M	619.3M	384.5M	221.7M
Total Stockholder Equity	3.1B	3.9B	5.3B	5.5B	5.3B	5.5B
Property Plant And Equipment Net	2.1M	3.3M	2.5M	4.0M	3.1M	3.0M
Net Debt	921.4M	1.4B	2.1B	2.9B	3.0B	3.1B
Accounts Payable	6.8M	3.8M	8.0M	11.2M	11.4M	10.8M
Cash	298.7M	831.3M	402.5M	135.1M	116.1M	230.0M
Non Current Assets Total	4.5B	5.9B	8.1B	9.0B	8.9B	9.4B
Other Assets	51.1M	51.8M	124.7M	92.3M	83.0M	128.0M
Cash And Short Term Investments	298.7M	831.3M	402.5M	135.1M	116.1M	230.0M
Net Receivables	20.2M	6.7M	10.8M	12.2M	13.0M	23.3M
Common Stock Shares Outstanding	49M	56.7M	64M	65.3M	63.4M	54.7M
Liabilities And Stockholders Equity	4.8B	6.7B	8.6B	9.3B	9.1B	9.5B
Non Current Liabilities Total	1.6B	2.5B	3.1B	3.2B	3.4B	3.6B
Other Current Assets	3.4M	6.9M	73.2M	126.3M	22.8M	21.7M
Other Stockholder Equity	(312.6M)	(578.3M)	(1.7B)	(1.7B)	5.3M	5.0M
Total Liab	1.7B	2.8B	3.2B	3.8B	3.8B	4.0B
Property Plant And Equipment Gross	951K	771K	2.1M	3.3M	3.0M	2.8M
Total Current Assets	321.8M	845.8M	486.5M	273.6M	151.7M	144.1M
Non Currrent Assets Other	4.5B	5.9B	8.1B	9.0B	8.9B	9.4B
Current Deferred Revenue	5.8M	11.3M	12.1M	17.4M	17.8M	18.7M
Retained Earnings	367.2M	631.6M	1.7B	1.7B	1.6B	1.7B
Accumulated Other Comprehensive Income	116.2M	95.9M	72.0M	413.5M	306.4M	164.9M
Short Term Debt	619K	267.7M	505K	458.9M	244.9M	257.1M
Common Stock Total Equity	2.1B	2.1B	2.6B	3.1B	3.6B	2.3B
Common Stock	2.6B	3.1B	3.4B	3.3B	3.3B	2.6B
Other Liab	321.0M	392.8M	604.7M	557.4M	641.0M	355.0M
Net Tangible Assets	3.1B	3.9B	5.3B	5.5B	6.3B	3.3B
Long Term Debt	1.2B	1.9B	2.4B	2.6B	2.8B	1.5B
Deferred Long Term Liab	885K	599K	2.5M	1.9M	2.2M	2.3M
Property Plant Equipment	4.4B	5.8B	7.9B	8.8B	10.1B	10.6B
Short Term Investments	50.2M	50.3M	559K	8.0M	420K	399K

Pair Trading with Granite Real

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Granite Real position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Granite Real will appreciate offsetting losses from the drop in the long position's value.

Moving together with Granite Stock

0.62

PNC-B

Postmedia Network Canada

Pair Corr

Moving against Granite Stock

0.83	DAY	Dayforce	Pair Corr
0.81	HUT	Hut 8 Mining	Pair Corr
0.81	EIT-UN	Canoe EIT Income	Pair Corr
0.79	RBA	Ritchie Bros Auctioneers	Pair Corr
0.79	RY	Royal Bank	Pair Corr

The ability to find closely correlated positions to Granite Real could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Granite Real when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Granite Real - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Granite Real Estate to buy it.

The correlation of Granite Real is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Granite Real moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Granite Real Estate moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Granite Real can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Other Information on Investing in Granite Stock

Balance Sheet is a snapshot of the financial position of Granite Real Estate at a specified time, usually calculated after every quarter, six months, or one year. Granite Real Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Granite Real 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 Granite currently owns. An asset can also be divided into two categories, current and non-current.

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Granite Gross Profit Margin vs Net Debt Analysis

Gross Profit Margin vs Net Debt

Gross Profit Margin vs Net Debt Correlation Analysis

Correlation Coefficient

Gross Profit Margin

Net Debt

Granite Real fundamental ratios Correlations

Granite Real Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Granite Real fundamental ratios Accounts

Pair Trading with Granite Real

Moving together with Granite Stock

Moving against Granite Stock

Other Information on Investing in Granite Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Total Liab	+ 1.0	Short Long Term Debt Total
Accounts Payable	+ 1.0	Property Plant And Equipment Net
Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Property Plant And Equipment Gross	+ 1.0	Accounts Payable

Intangible Assets	- 0.93	Other Current Liab
Other Stockholder Equity	- 0.8	Other Current Liab
Property Plant And Equipment Gross	- 0.77	Other Current Liab
Property Plant And Equipment Net	- 0.77	Other Current Liab
Accounts Payable	- 0.72	Other Current Liab
Other Stockholder Equity	- 0.68	Common Stock Shares Outstanding