Gold Total Current Liabilities vs Cash And Short Term Investments Analysis
GORO Stock | USD 0.49 0.02 4.26% |
Gold Resource financial indicator trend analysis is much more than just examining Gold Resource latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Gold Resource is a good investment. Please check the relationship between Gold Resource Total Current Liabilities and its Cash And Short Term Investments accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gold Resource. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. To learn how to invest in Gold Stock, please use our How to Invest in Gold Resource guide.
Total Current Liabilities vs Cash And Short Term Investments
Total Current Liabilities vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Gold Resource Total Current Liabilities account and Cash And Short Term Investments. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Gold Resource's Total Current Liabilities and Cash And Short Term Investments is 0.58. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Gold Resource, assuming nothing else is changed. The correlation between historical values of Gold Resource's Total Current Liabilities and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Liabilities of Gold Resource are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Total Current Liabilities i.e., Gold Resource's Total Current Liabilities and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.58 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Total Current Liabilities
Total Current Liabilities is an item on Gold Resource balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Gold Resource are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Gold Resource balance sheet. This account contains Gold Resource investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Gold Resource fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.Most indicators from Gold Resource's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Gold Resource 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 Resource. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. To learn how to invest in Gold Stock, please use our How to Invest in Gold Resource guide.At this time, Gold Resource's Selling General Administrative is very stable compared to the past year. As of the 10th of May 2024, Enterprise Value Over EBITDA is likely to grow to 8.85, though Tax Provision is likely to grow to (4.8 M).
2023 | 2024 (projected) | Discontinued Operations | 9.6M | 8.6M | Interest Income | 394.2K | 374.5K |
Gold Resource fundamental ratios Correlations
Click cells to compare fundamentals
Gold Resource Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Gold Resource fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 193.0M | 105.7M | 215.8M | 204.2M | 183.9M | 107.8M | |
Short Long Term Debt Total | 10.0M | 13K | 42.6M | 43.5M | 44.9M | 47.2M | |
Other Current Liab | 4.9M | 3.3M | 16.4M | 11.4M | 2.9M | 2.8M | |
Total Current Liabilities | 28.0M | 12.1M | 29.7M | 24.7M | 11.3M | 13.5M | |
Total Stockholder Equity | 158.1M | 90.5M | 120.8M | 111.8M | 96.7M | 80.4M | |
Net Debt | (1.1M) | (25.4M) | 8.8M | 19.8M | 38.7M | 40.6M | |
Retained Earnings | 16.9M | 12.7M | 17.6M | 7.7M | (8.3M) | (8.7M) | |
Accounts Payable | 14.5M | 8.8M | 13.3M | 13.3M | 8.4M | 6.4M | |
Cash | 11.1M | 25.4M | 33.7M | 23.7M | 6.3M | 5.9M | |
Non Current Assets Total | 142.4M | 62.9M | 156.8M | 158.1M | 157.4M | 165.3M | |
Non Currrent Assets Other | 5.0M | 41K | (14.9M) | 339K | 170K | 178.5K | |
Cash And Short Term Investments | 15.3M | 26.1M | 34.3M | 23.7M | 6.3M | 5.9M | |
Common Stock Total Equity | 69K | 66K | 75K | 89K | 102.4K | 58.0K | |
Common Stock Shares Outstanding | 64.0M | 69.9M | 75.6M | 88.4M | 88.5M | 57.1M | |
Liabilities And Stockholders Equity | 193.0M | 105.7M | 215.8M | 204.2M | 183.9M | 107.8M | |
Other Stockholder Equity | 142.3M | 79.0M | 104.3M | 105.1M | 106.1M | 93.7M | |
Total Liab | 35.0M | 15.2M | 95.0M | 92.4M | 87.2M | 91.6M | |
Total Current Assets | 50.7M | 42.9M | 58.9M | 46.1M | 26.5M | 39.2M | |
Common Stock | 69K | 66K | 75K | 89K | 102.4K | 60.0K | |
Property Plant And Equipment Net | 132.7M | 62.5M | 156.8M | 152.6M | 138.6M | 145.6M | |
Other Current Assets | 218K | 647K | 266K | 1.2M | 5.9M | 6.2M | |
Property Plant And Equipment Gross | 132.7M | 62.5M | 261.9M | 284.5M | 295.0M | 309.8M | |
Net Receivables | 8.6M | 5.1M | 12.6M | 5.1M | 4.7M | 6.3M | |
Other Assets | 13.1M | 62.9M | 76K | 13.0M | 14.9M | 17.8M | |
Property Plant Equipment | 125.3M | 62.5M | 156.8M | 152.6M | 175.4M | 184.2M | |
Other Liab | 5.6M | 3.1M | 65.4M | 67.7M | 77.9M | 81.8M | |
Short Term Investments | 3.6M | 4.3M | 671K | 589K | 530.1K | 503.6K | |
Non Current Liabilities Total | 7.0M | 3.1M | 65.4M | 67.7M | 75.9M | 79.7M | |
Inventory | 24.1M | 10.0M | 10.4M | 13.5M | 9.6M | 11.1M | |
Net Tangible Assets | 158.1M | 90.5M | 120.8M | 111.8M | 128.5M | 115.4M | |
Retained Earnings Total Equity | 16.9M | 12.7M | 17.6M | 7.7M | 8.9M | 9.3M | |
Capital Surpluse | 148.2M | 84.9M | 110.2M | 111.0M | 127.7M | 120.6M | |
Non Current Liabilities Other | 6.2M | 3.1M | 52.2M | 58.5M | 3.6M | 3.4M |
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Try AI Portfolio ArchitectCheck out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gold Resource. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. To learn how to invest in Gold Stock, please use our How to Invest in Gold Resource guide.You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
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Is Gold Resource's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Gold Resource. If investors know Gold will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Gold Resource listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.742 | Earnings Share (0.22) | Revenue Per Share 0.962 | Quarterly Revenue Growth (0.40) | Return On Assets (0.08) |
The market value of Gold Resource is measured differently than its book value, which is the value of Gold that is recorded on the company's balance sheet. Investors also form their own opinion of Gold Resource's value that differs from its market value or its book value, called intrinsic value, which is Gold Resource's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Gold Resource's market value can be influenced by many factors that don't directly affect Gold Resource's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Gold Resource's value and its price as these two are different measures arrived at by different means. Investors typically determine if Gold Resource is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Gold Resource'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.