Goldshore Free Cash Flow vs Net Borrowings 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 Free Cash Flow and its Net Borrowings 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.

Free Cash Flow vs Net Borrowings

Free Cash Flow vs Net Borrowings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Goldshore Resources Free Cash Flow account and Net Borrowings. At this time, the significance of the direction appears to have totally related.
The correlation between Goldshore Resources' Free Cash Flow and Net Borrowings is 0.99. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Net Borrowings 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' Free Cash Flow and Net Borrowings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow of Goldshore Resources are associated (or correlated) with its Net Borrowings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Borrowings has no effect on the direction of Free Cash Flow i.e., Goldshore Resources' Free Cash Flow and Net Borrowings go up and down completely randomly.

Correlation Coefficient

0.99
Relationship DirectionPositive 
Relationship StrengthVery Strong

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Net Borrowings

The difference between the amount of new debt a company has taken on and the amount of debt it has paid off during a given period.
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 Income2.1K106.9K122.9K129.0K
Tax Provision6.8M4.7M4.2M4.6M

Goldshore Resources fundamental ratios Correlations

0.111.0-0.850.490.730.91.00.261.00.38-0.990.960.950.960.30.910.96-0.710.960.950.960.950.84-0.89
0.110.050.380.150.090.460.050.890.040.23-0.050.050.040.060.120.020.060.020.060.040.050.04-0.010.01
1.00.05-0.880.490.740.881.00.221.00.38-0.990.970.960.970.310.910.97-0.710.960.960.960.960.84-0.89
-0.850.38-0.88-0.31-0.57-0.63-0.880.22-0.88-0.170.88-0.87-0.88-0.86-0.15-0.87-0.860.56-0.85-0.88-0.88-0.88-0.830.85
0.490.150.49-0.310.950.450.490.580.420.99-0.570.540.480.620.980.260.61-0.030.630.480.480.470.04-0.04
0.730.090.74-0.570.950.650.740.490.680.9-0.80.760.710.830.870.520.82-0.290.830.710.720.710.33-0.35
0.90.460.88-0.630.450.650.880.540.870.39-0.880.910.910.890.280.880.9-0.490.890.910.910.910.81-0.78
1.00.051.0-0.880.490.740.880.221.00.38-0.990.970.960.970.310.910.97-0.710.960.960.960.960.84-0.89
0.260.890.220.220.580.490.540.220.180.65-0.260.240.210.290.560.080.290.030.30.210.210.2-0.040.05
1.00.041.0-0.880.420.680.871.00.180.3-0.980.950.950.950.230.920.95-0.740.950.950.950.950.87-0.92
0.380.230.38-0.170.990.90.390.380.650.3-0.460.440.370.520.990.140.510.060.530.370.380.37-0.080.08
-0.99-0.05-0.990.88-0.57-0.8-0.88-0.99-0.26-0.98-0.46-0.98-0.97-0.98-0.39-0.9-0.980.62-0.98-0.97-0.97-0.97-0.810.85
0.960.050.97-0.870.540.760.910.970.240.950.44-0.981.00.990.370.951.0-0.530.991.01.01.00.86-0.83
0.950.040.96-0.880.480.710.910.960.210.950.37-0.971.00.980.30.970.98-0.520.981.01.01.00.89-0.86
0.960.060.97-0.860.620.830.890.970.290.950.52-0.980.990.980.460.911.0-0.521.00.980.980.980.8-0.79
0.30.120.31-0.150.980.870.280.310.560.230.99-0.390.370.30.460.060.440.120.460.30.30.29-0.160.16
0.910.020.91-0.870.260.520.880.910.080.920.14-0.90.950.970.910.060.92-0.560.910.970.970.970.97-0.92
0.960.060.97-0.860.610.820.90.970.290.950.51-0.981.00.981.00.440.92-0.521.00.980.990.980.81-0.8
-0.710.02-0.710.56-0.03-0.29-0.49-0.710.03-0.740.060.62-0.53-0.52-0.520.12-0.56-0.52-0.52-0.52-0.53-0.52-0.620.75
0.960.060.96-0.850.630.830.890.960.30.950.53-0.980.990.981.00.460.911.0-0.520.980.980.980.8-0.79
0.950.040.96-0.880.480.710.910.960.210.950.37-0.971.01.00.980.30.970.98-0.520.981.01.00.89-0.86
0.960.050.96-0.880.480.720.910.960.210.950.38-0.971.01.00.980.30.970.99-0.530.981.01.00.89-0.86
0.950.040.96-0.880.470.710.910.960.20.950.37-0.971.01.00.980.290.970.98-0.520.981.01.00.89-0.86
0.84-0.010.84-0.830.040.330.810.84-0.040.87-0.08-0.810.860.890.8-0.160.970.81-0.620.80.890.890.89-0.96
-0.890.01-0.890.85-0.04-0.35-0.78-0.890.05-0.920.080.85-0.83-0.86-0.790.16-0.92-0.80.75-0.79-0.86-0.86-0.86-0.96
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Goldshore Resources Account Relationship Matchups

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