Goldshore Capital Lease Obligations vs Property Plant Equipment Analysis

GSHR Stock

0.24 0.01 4.35%

Goldshore Resources financial indicator trend analysis is much more than just examining Goldshore Resources latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Goldshore Resources is a good investment. Please check the relationship between Goldshore Resources Capital Lease Obligations and its Property Plant Equipment accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Goldshore 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 metropolitan statistical area.

Capital Lease Obligations vs Property Plant Equipment

Capital Lease Obligations vs Property Plant Equipment Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Goldshore Resources Capital Lease Obligations account and Property Plant Equipment. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Goldshore Resources' Capital Lease Obligations and Property Plant Equipment is 0.98. Overlapping area represents the amount of variation of Capital Lease Obligations that can explain the historical movement of Property Plant Equipment in the same time period over historical financial statements of Goldshore Resources, assuming nothing else is changed. The correlation between historical values of Goldshore Resources' Capital Lease Obligations and Property Plant Equipment is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Lease Obligations of Goldshore Resources are associated (or correlated) with its Property Plant Equipment. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant Equipment has no effect on the direction of Capital Lease Obligations i.e., Goldshore Resources' Capital Lease Obligations and Property Plant Equipment go up and down completely randomly.

Correlation Coefficient

0.98

Relationship Direction	Positive
Relationship Strength	Very Strong

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Capital Lease Obligations

Goldshore Resources capital lease obligations are the amount due for long-term lease agreements that are nearly equivalent to Goldshore Resources asset purchases. For example, Goldshore Resources can use a capital lease to finance the purchase of an asset without ever buying it. A capital lease gives companies such as Goldshore Resources control over an asset for a big portion of its life. The total obligations of a company under capital leases, which are lease agreements that transfer substantially all risks and rewards of ownership to the lessee.

Property Plant Equipment

Most indicators from Goldshore Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Goldshore 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 Goldshore 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 metropolitan statistical area.

At this time, Goldshore Resources' Tax Provision is fairly stable compared to the past year. Issuance Of Capital Stock is likely to climb to about 20.9 M in 2024, whereas Selling General Administrative is likely to drop slightly above 2.9 M in 2024.

	2010	2022	2023	2024 (projected)
Interest Income	2.1K	106.9K	122.9K	129.0K
Tax Provision	6.8M	4.7M	4.2M	4.6M

Interest Income Tax Provision

Goldshore Resources fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Cash	Net Receivables	Total Liab	Net Invested Capital	Total Current Assets	Capital Stock	Net Working Capital	Other Current Liab	Net Tangible Assets	Property Plant And Equipment Net	Accounts Payable	Other Assets	Common Stock Shares Outstanding	Capital Lease Obligations	Other Current Assets	Other Stockholder Equity	Property Plant And Equipment Gross	Common Stock	Property Plant Equipment	Other Liab	Non Current Liabilities Other
Total Assets		0.11	1.0	-0.85	0.49	0.73	0.9	1.0	0.26	1.0	0.38	-0.99	0.96	0.95	0.96	0.3	0.91	0.96	-0.71	0.96	0.95	0.96	0.95	0.84	-0.89
Total Current Liabilities	0.11		0.05	0.38	0.15	0.09	0.46	0.05	0.89	0.04	0.23	-0.05	0.05	0.04	0.06	0.12	0.02	0.06	0.02	0.06	0.04	0.05	0.04	-0.01	0.01
Total Stockholder Equity	1.0	0.05		-0.88	0.49	0.74	0.88	1.0	0.22	1.0	0.38	-0.99	0.97	0.96	0.97	0.31	0.91	0.97	-0.71	0.96	0.96	0.96	0.96	0.84	-0.89
Retained Earnings	-0.85	0.38	-0.88		-0.31	-0.57	-0.63	-0.88	0.22	-0.88	-0.17	0.88	-0.87	-0.88	-0.86	-0.15	-0.87	-0.86	0.56	-0.85	-0.88	-0.88	-0.88	-0.83	0.85
Cash	0.49	0.15	0.49	-0.31		0.95	0.45	0.49	0.58	0.42	0.99	-0.57	0.54	0.48	0.62	0.98	0.26	0.61	-0.03	0.63	0.48	0.48	0.47	0.04	-0.04
Net Receivables	0.73	0.09	0.74	-0.57	0.95		0.65	0.74	0.49	0.68	0.9	-0.8	0.76	0.71	0.83	0.87	0.52	0.82	-0.29	0.83	0.71	0.72	0.71	0.33	-0.35
Total Liab	0.9	0.46	0.88	-0.63	0.45	0.65		0.88	0.54	0.87	0.39	-0.88	0.91	0.91	0.89	0.28	0.88	0.9	-0.49	0.89	0.91	0.91	0.91	0.81	-0.78
Net Invested Capital	1.0	0.05	1.0	-0.88	0.49	0.74	0.88		0.22	1.0	0.38	-0.99	0.97	0.96	0.97	0.31	0.91	0.97	-0.71	0.96	0.96	0.96	0.96	0.84	-0.89
Total Current Assets	0.26	0.89	0.22	0.22	0.58	0.49	0.54	0.22		0.18	0.65	-0.26	0.24	0.21	0.29	0.56	0.08	0.29	0.03	0.3	0.21	0.21	0.2	-0.04	0.05
Capital Stock	1.0	0.04	1.0	-0.88	0.42	0.68	0.87	1.0	0.18		0.3	-0.98	0.95	0.95	0.95	0.23	0.92	0.95	-0.74	0.95	0.95	0.95	0.95	0.87	-0.92
Net Working Capital	0.38	0.23	0.38	-0.17	0.99	0.9	0.39	0.38	0.65	0.3		-0.46	0.44	0.37	0.52	0.99	0.14	0.51	0.06	0.53	0.37	0.38	0.37	-0.08	0.08
Other Current Liab	-0.99	-0.05	-0.99	0.88	-0.57	-0.8	-0.88	-0.99	-0.26	-0.98	-0.46		-0.98	-0.97	-0.98	-0.39	-0.9	-0.98	0.62	-0.98	-0.97	-0.97	-0.97	-0.81	0.85
Net Tangible Assets	0.96	0.05	0.97	-0.87	0.54	0.76	0.91	0.97	0.24	0.95	0.44	-0.98		1.0	0.99	0.37	0.95	1.0	-0.53	0.99	1.0	1.0	1.0	0.86	-0.83
Property Plant And Equipment Net	0.95	0.04	0.96	-0.88	0.48	0.71	0.91	0.96	0.21	0.95	0.37	-0.97	1.0		0.98	0.3	0.97	0.98	-0.52	0.98	1.0	1.0	1.0	0.89	-0.86
Accounts Payable	0.96	0.06	0.97	-0.86	0.62	0.83	0.89	0.97	0.29	0.95	0.52	-0.98	0.99	0.98		0.46	0.91	1.0	-0.52	1.0	0.98	0.98	0.98	0.8	-0.79
Other Assets	0.3	0.12	0.31	-0.15	0.98	0.87	0.28	0.31	0.56	0.23	0.99	-0.39	0.37	0.3	0.46		0.06	0.44	0.12	0.46	0.3	0.3	0.29	-0.16	0.16
Common Stock Shares Outstanding	0.91	0.02	0.91	-0.87	0.26	0.52	0.88	0.91	0.08	0.92	0.14	-0.9	0.95	0.97	0.91	0.06		0.92	-0.56	0.91	0.97	0.97	0.97	0.97	-0.92
Capital Lease Obligations	0.96	0.06	0.97	-0.86	0.61	0.82	0.9	0.97	0.29	0.95	0.51	-0.98	1.0	0.98	1.0	0.44	0.92		-0.52	1.0	0.98	0.99	0.98	0.81	-0.8
Other Current Assets	-0.71	0.02	-0.71	0.56	-0.03	-0.29	-0.49	-0.71	0.03	-0.74	0.06	0.62	-0.53	-0.52	-0.52	0.12	-0.56	-0.52		-0.52	-0.52	-0.53	-0.52	-0.62	0.75
Other Stockholder Equity	0.96	0.06	0.96	-0.85	0.63	0.83	0.89	0.96	0.3	0.95	0.53	-0.98	0.99	0.98	1.0	0.46	0.91	1.0	-0.52		0.98	0.98	0.98	0.8	-0.79
Property Plant And Equipment Gross	0.95	0.04	0.96	-0.88	0.48	0.71	0.91	0.96	0.21	0.95	0.37	-0.97	1.0	1.0	0.98	0.3	0.97	0.98	-0.52	0.98		1.0	1.0	0.89	-0.86
Common Stock	0.96	0.05	0.96	-0.88	0.48	0.72	0.91	0.96	0.21	0.95	0.38	-0.97	1.0	1.0	0.98	0.3	0.97	0.99	-0.53	0.98	1.0		1.0	0.89	-0.86
Property Plant Equipment	0.95	0.04	0.96	-0.88	0.47	0.71	0.91	0.96	0.2	0.95	0.37	-0.97	1.0	1.0	0.98	0.29	0.97	0.98	-0.52	0.98	1.0	1.0		0.89	-0.86
Other Liab	0.84	-0.01	0.84	-0.83	0.04	0.33	0.81	0.84	-0.04	0.87	-0.08	-0.81	0.86	0.89	0.8	-0.16	0.97	0.81	-0.62	0.8	0.89	0.89	0.89		-0.96
Non Current Liabilities Other	-0.89	0.01	-0.89	0.85	-0.04	-0.35	-0.78	-0.89	0.05	-0.92	0.08	0.85	-0.83	-0.86	-0.79	0.16	-0.92	-0.8	0.75	-0.79	-0.86	-0.86	-0.86	-0.96

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Goldshore Capital Lease Obligations vs Property Plant Equipment Analysis

Capital Lease Obligations vs Property Plant Equipment

Capital Lease Obligations vs Property Plant Equipment Correlation Analysis

Correlation Coefficient

Capital Lease Obligations

Property Plant Equipment

Goldshore Resources fundamental ratios Correlations

Goldshore Resources Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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Additional Tools for Goldshore Stock Analysis

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Total Stockholder Equity	+ 1.0	Total Assets
Net Invested Capital	+ 1.0	Total Assets
Capital Stock	+ 1.0	Total Assets
Net Invested Capital	+ 1.0	Total Stockholder Equity
Capital Stock	+ 1.0	Total Stockholder Equity
Capital Stock	+ 1.0	Net Invested Capital

Other Current Liab	- 0.99	Net Invested Capital
Other Current Liab	- 0.99	Total Stockholder Equity
Other Current Liab	- 0.99	Total Assets
Other Stockholder Equity	- 0.98	Other Current Liab
Capital Lease Obligations	- 0.98	Other Current Liab
Accounts Payable	- 0.98	Other Current Liab