China Net Debt vs Total Assets Analysis

CGG Stock

CAD 8.20 0.21 2.50%

China Gold financial indicator trend analysis is way more than just evaluating China Gold International prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether China Gold International is a good investment. Please check the relationship between China Gold Net Debt and its Total Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in China Gold International. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

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 China Gold International Net Debt account and Total Assets. At this time, the significance of the direction appears to have strong relationship.

The correlation between China Gold's Net Debt and Total Assets is 0.79. 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 China Gold International, assuming nothing else is changed. The correlation between historical values of China Gold'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 China Gold International 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., China Gold's Net Debt and Total Assets go up and down completely randomly.

Correlation Coefficient

0.79

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

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 China Gold 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 China Gold International 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 China Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into China Gold International 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in China Gold International. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

At this time, China Gold's Sales General And Administrative To Revenue is very stable compared to the past year. As of the 30th of April 2024, Enterprise Value is likely to grow to about 2.5 B, while Selling General Administrative is likely to drop about 20.7 M.

	2021	2022	2023	2024 (projected)
Interest Expense	30.6M	25.4M	21.2M	15.5M
Depreciation And Amortization	176.5M	211.8M	243.6M	255.7M

Interest Expense Depreciation And Amortization

China Gold fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Non Currrent Assets Other	Short Term Investments	Short Term Debt	Short Long Term Debt Total	Non Current Liabilities Total	Inventory	Other Current Liab	Current Deferred Revenue	Intangible Assets
Total Assets		0.7	0.89	0.94	0.79	0.57	0.43	0.33	0.99	0.2	0.26	0.82	0.51	-0.25	0.93	0.71	0.81	0.12	0.16	0.39	0.89	0.84	0.85	0.59	-0.5	-0.76
Total Current Liabilities	0.7		0.48	0.67	0.66	0.29	0.18	0.31	0.66	0.12	0.5	0.45	0.71	-0.33	0.76	0.44	0.68	-0.01	0.18	0.79	0.74	0.41	0.59	0.57	-0.46	-0.56
Total Stockholder Equity	0.89	0.48		0.78	0.46	0.63	0.47	0.41	0.87	0.33	0.13	0.93	0.24	-0.04	0.66	0.67	0.75	0.29	0.12	0.27	0.59	0.59	0.67	0.36	-0.42	-0.69
Property Plant And Equipment Net	0.94	0.67	0.78		0.87	0.56	0.18	0.1	0.96	0.03	0.29	0.69	0.53	-0.54	0.92	0.75	0.65	0.08	0.14	0.39	0.89	0.84	0.85	0.59	-0.48	-0.87
Net Debt	0.79	0.66	0.46	0.87		0.29	0.07	-0.15	0.82	-0.18	0.43	0.43	0.7	-0.51	0.93	0.56	0.46	-0.12	0.11	0.4	0.94	0.87	0.78	0.64	-0.45	-0.65
Retained Earnings	0.57	0.29	0.63	0.56	0.29		0.09	0.26	0.53	0.5	-0.1	0.38	-0.25	-0.32	0.44	0.91	0.6	-0.02	-0.36	0.31	0.43	0.46	0.75	0.35	0.06	-0.57
Accounts Payable	0.43	0.18	0.47	0.18	0.07	0.09		0.66	0.38	0.35	-0.14	0.52	0.14	0.55	0.33	0.05	0.53	0.11	0.2	-0.07	0.25	0.33	0.16	0.15	-0.36	-0.01
Cash	0.33	0.31	0.41	0.1	-0.15	0.26	0.66		0.2	0.68	-0.23	0.35	-0.03	0.31	0.21	0.1	0.73	0.03	0.16	0.18	0.16	0.09	0.1	0.02	-0.21	-0.06
Non Current Assets Total	0.99	0.66	0.87	0.96	0.82	0.53	0.38	0.2		0.1	0.27	0.82	0.54	-0.29	0.93	0.7	0.72	0.15	0.17	0.35	0.88	0.86	0.83	0.59	-0.52	-0.78
Cash And Short Term Investments	0.2	0.12	0.33	0.03	-0.18	0.5	0.35	0.68	0.1		-0.37	0.32	-0.32	0.19	0.07	0.43	0.56	-0.02	-0.56	0.42	0.13	0.06	0.21	0.05	-0.08	-0.17
Net Receivables	0.26	0.5	0.13	0.29	0.43	-0.1	-0.14	-0.23	0.27	-0.37		0.18	0.55	-0.15	0.32	0.04	0.14	-0.09	0.22	0.39	0.32	0.12	0.19	0.09	-0.4	-0.22
Common Stock Shares Outstanding	0.82	0.45	0.93	0.69	0.43	0.38	0.52	0.35	0.82	0.32	0.18		0.37	0.09	0.6	0.52	0.63	0.39	0.07	0.31	0.55	0.53	0.51	0.3	-0.58	-0.65
Other Current Assets	0.51	0.71	0.24	0.53	0.7	-0.25	0.14	-0.03	0.54	-0.32	0.55	0.37		-0.19	0.65	0.04	0.28	0.13	0.38	0.42	0.63	0.43	0.28	0.36	-0.51	-0.38
Other Stockholder Equity	-0.25	-0.33	-0.04	-0.54	-0.51	-0.32	0.55	0.31	-0.29	0.19	-0.15	0.09	-0.19		-0.37	-0.48	-0.05	0.12	0.08	-0.31	-0.42	-0.32	-0.41	-0.28	0.1	0.67
Total Liab	0.93	0.76	0.66	0.92	0.93	0.44	0.33	0.21	0.93	0.07	0.32	0.6	0.65	-0.37		0.63	0.74	-0.03	0.17	0.43	0.98	0.9	0.85	0.68	-0.49	-0.69
Property Plant And Equipment Gross	0.71	0.44	0.67	0.75	0.56	0.91	0.05	0.1	0.7	0.43	0.04	0.52	0.04	-0.48	0.63		0.58	0.03	-0.45	0.49	0.66	0.63	0.84	0.46	-0.17	-0.79
Total Current Assets	0.81	0.68	0.75	0.65	0.46	0.6	0.53	0.73	0.72	0.56	0.14	0.63	0.28	-0.05	0.74	0.58		-0.02	0.11	0.48	0.7	0.58	0.71	0.46	-0.32	-0.48
Non Currrent Assets Other	0.12	-0.01	0.29	0.08	-0.12	-0.02	0.11	0.03	0.15	-0.02	-0.09	0.39	0.13	0.12	-0.03	0.03	-0.02		0.01	-0.12	-0.13	-0.04	-0.02	0.22	0.08	-0.23
Short Term Investments	0.16	0.18	0.12	0.14	0.11	-0.36	0.2	0.16	0.17	-0.56	0.22	0.07	0.38	0.08	0.17	-0.45	0.11	0.01		-0.35	0.04	0.04	-0.09	-0.03	-0.08	0.14
Short Term Debt	0.39	0.79	0.27	0.39	0.4	0.31	-0.07	0.18	0.35	0.42	0.39	0.31	0.42	-0.31	0.43	0.49	0.48	-0.12	-0.35		0.51	0.12	0.41	0.35	-0.37	-0.48
Short Long Term Debt Total	0.89	0.74	0.59	0.89	0.94	0.43	0.25	0.16	0.88	0.13	0.32	0.55	0.63	-0.42	0.98	0.66	0.7	-0.13	0.04	0.51		0.9	0.84	0.65	-0.5	-0.69
Non Current Liabilities Total	0.84	0.41	0.59	0.84	0.87	0.46	0.33	0.09	0.86	0.06	0.12	0.53	0.43	-0.32	0.9	0.63	0.58	-0.04	0.04	0.12	0.9		0.81	0.59	-0.38	-0.62
Inventory	0.85	0.59	0.67	0.85	0.78	0.75	0.16	0.1	0.83	0.21	0.19	0.51	0.28	-0.41	0.85	0.84	0.71	-0.02	-0.09	0.41	0.84	0.81		0.73	-0.12	-0.65
Other Current Liab	0.59	0.57	0.36	0.59	0.64	0.35	0.15	0.02	0.59	0.05	0.09	0.3	0.36	-0.28	0.68	0.46	0.46	0.22	-0.03	0.35	0.65	0.59	0.73		-0.04	-0.42
Current Deferred Revenue	-0.5	-0.46	-0.42	-0.48	-0.45	0.06	-0.36	-0.21	-0.52	-0.08	-0.4	-0.58	-0.51	0.1	-0.49	-0.17	-0.32	0.08	-0.08	-0.37	-0.5	-0.38	-0.12	-0.04		0.53
Intangible Assets	-0.76	-0.56	-0.69	-0.87	-0.65	-0.57	-0.01	-0.06	-0.78	-0.17	-0.22	-0.65	-0.38	0.67	-0.69	-0.79	-0.48	-0.23	0.14	-0.48	-0.69	-0.62	-0.65	-0.42	0.53

Click cells to compare fundamentals

China Gold Account Relationship Matchups

China Gold fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	3.2B	3.3B	3.3B	3.2B	2.8B	1.9B
Total Current Liabilities	928.7M	442.8M	343.7M	638.6M	305.4M	299.4M
Total Stockholder Equity	1.4B	1.6B	1.8B	1.9B	1.7B	1.0B
Property Plant And Equipment Net	2.6B	2.7B	2.7B	2.4B	2.3B	1.4B
Net Debt	1.1B	982.2M	765.1M	406.6M	669.2M	435.3M
Retained Earnings	199.5M	295.5M	482.2M	571.2M	380.4M	399.4M
Accounts Payable	38.6M	45.6M	43.3M	38.8M	18.9M	30.0M
Cash	182.3M	243.3M	208.1M	428.5M	97.2M	155.2M
Non Current Assets Total	2.7B	2.7B	2.7B	2.5B	2.4B	1.5B
Cash And Short Term Investments	182.3M	243.3M	208.1M	428.5M	492.7M	517.4M
Net Receivables	26.0M	35.8M	25.9M	8.7M	1.4M	1.3M
Liabilities And Stockholders Equity	3.2B	3.3B	3.3B	3.2B	3.7B	3.9B
Other Current Assets	30.0M	8.4M	7.7M	2.4M	2.7M	2.6M
Other Stockholder Equity	(5.9M)	(12.7M)	18.5M	36.2M	32.5M	30.9M
Total Liab	1.7B	1.7B	1.4B	1.3B	1.1B	842.2M
Property Plant And Equipment Gross	2.6B	2.7B	3.8B	3.7B	3.7B	3.9B
Total Current Assets	519.4M	585.1M	541.4M	732.6M	476.2M	320.0M
Accumulated Other Comprehensive Income	6.8M	53.9M	104.7M	83.7M	96.2M	101.1M
Non Currrent Assets Other	37.0M	21.8M	20.8M	18.7M	15.8M	23.3M
Short Term Debt	611.7M	140.4M	98.1M	400.1M	460.1M	483.1M
Short Long Term Debt Total	1.2B	1.2B	973.3M	835.1M	960.3M	749.3M
Non Current Liabilities Total	817.7M	1.3B	1.1B	652.8M	801.6M	693.7M
Inventory	281.1M	297.7M	299.6M	293.1M	291.6M	177.4M
Other Current Liab	543.3M	507.7M	192.0M	193.5M	222.5M	192.9M
Current Deferred Revenue	6.8M	2.9M	10.3M	6.3M	7.2M	5.0M
Other Liab	185.1M	199.3M	204.8M	217.8M	250.5M	203.0M
Net Tangible Assets	1.4B	1.6B	1.8B	1.9B	2.2B	1.7B
Other Assets	37.0M	26.2M	25.6M	18.7M	16.8M	24.0M
Long Term Debt	632.1M	1.1B	873.0M	433.5M	622.9M	822.2M
Long Term Investments	17.1M	20.8M	29.0M	37.3M	47.2M	26.9M
Short Long Term Debt	611.6M	140.3M	97.6M	399.6M	143.5M	256.3M
Property Plant Equipment	2.6B	2.7B	2.7B	2.4B	2.8B	2.7B
Long Term Debt Total	632.6M	1.1B	875.1M	435.0M	391.5M	664.0M
Cash And Equivalents	182.3M	243.3M	208.1M	428.5M	492.7M	517.4M
Net Invested Capital	2.7B	2.8B	2.8B	2.7B	2.5B	2.2B
Net Working Capital	(409.4M)	142.3M	197.8M	94.0M	170.8M	179.3M

Pair Trading with China Gold

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 China Gold 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 China Gold will appreciate offsetting losses from the drop in the long position's value.

The ability to find closely correlated positions to China Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace China Gold 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 China Gold - 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 China Gold International to buy it.

The correlation of China Gold 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 China Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if China Gold International 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 China Gold 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

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in China Gold International. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

Note that the China Gold International information on this page should be used as a complementary analysis to other China Gold's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.

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When running China Gold's price analysis, check to measure China Gold'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 China Gold is operating at the current time. Most of China Gold's value examination focuses on studying past and present price action to predict the probability of China Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move China Gold's price. Additionally, you may evaluate how the addition of China Gold to your portfolios can decrease your overall portfolio volatility.

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Please note, there is a significant difference between China Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if China Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, China Gold's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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China Net Debt vs Total Assets Analysis

Net Debt vs Total Assets

Net Debt vs Total Assets Correlation Analysis

Correlation Coefficient

Net Debt

Total Assets

China Gold fundamental ratios Correlations

China Gold Account Relationship Matchups

High Positive Relationship

High Negative Relationship

China Gold fundamental ratios Accounts

Pair Trading with China Gold

Complementary Tools for China Stock analysis

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Non Current Assets Total	+ 0.99	Total Assets
Short Long Term Debt Total	+ 0.98	Total Liab
Non Current Assets Total	+ 0.96	Property Plant And Equipment Net
Property Plant And Equipment Net	+ 0.94	Total Assets
Short Long Term Debt Total	+ 0.94	Net Debt
Total Liab	+ 0.93	Total Assets

Intangible Assets	- 0.87	Property Plant And Equipment Net
Intangible Assets	- 0.79	Property Plant And Equipment Gross
Intangible Assets	- 0.78	Non Current Assets Total
Intangible Assets	- 0.76	Total Assets
Intangible Assets	- 0.69	Short Long Term Debt Total
Intangible Assets	- 0.69	Total Liab