Generation Accounts Payable vs Non Currrent Assets Other Analysis

GENM Stock  CAD 0.28  0.01  3.70%   
Generation Mining financial indicator trend analysis is much more than just examining Generation Mining latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Generation Mining is a good investment. Please check the relationship between Generation Mining Accounts Payable and its Non Currrent Assets Other accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Generation Mining. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Accounts Payable vs Non Currrent Assets Other

Accounts Payable vs Non Currrent Assets Other Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Generation Mining Accounts Payable account and Non Currrent Assets Other. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Generation Mining's Accounts Payable and Non Currrent Assets Other is 0.82. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Non Currrent Assets Other in the same time period over historical financial statements of Generation Mining, assuming nothing else is changed. The correlation between historical values of Generation Mining's Accounts Payable and Non Currrent Assets Other is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Generation Mining are associated (or correlated) with its Non Currrent Assets Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Currrent Assets Other has no effect on the direction of Accounts Payable i.e., Generation Mining's Accounts Payable and Non Currrent Assets Other go up and down completely randomly.

Correlation Coefficient

0.82
Relationship DirectionPositive 
Relationship StrengthStrong

Accounts Payable

An accounting item on the balance sheet that represents Generation Mining obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Generation Mining are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.

Non Currrent Assets Other

Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.
Most indicators from Generation Mining's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Generation Mining 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 Generation Mining. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
At this time, Generation Mining's Selling General Administrative is very stable compared to the past year. As of the 12th of July 2024, Enterprise Value is likely to grow to about 54.2 M, while Issuance Of Capital Stock is likely to drop about 8.9 M.
 2021 2023 2024 (projected)
Depreciation And Amortization97.3K87.6K83.2K
Interest Income26.1K435.3K413.5K

Generation Mining fundamental ratios Correlations

0.190.30.190.150.440.30.390.29-0.730.370.290.570.450.280.490.080.32-0.090.080.380.320.35-0.53-0.07-0.03
0.19-0.840.920.880.850.890.89-0.81-0.550.90.870.780.83-0.810.79-0.030.69-0.010.730.730.690.89-0.850.870.56
0.3-0.84-0.82-0.8-0.52-0.75-0.610.980.09-0.63-0.69-0.49-0.620.98-0.450.1-0.570.01-0.8-0.47-0.57-0.710.57-0.75-0.69
0.190.92-0.820.960.810.980.86-0.86-0.610.870.960.870.89-0.860.81-0.020.85-0.040.790.780.850.92-0.910.640.82
0.150.88-0.80.960.80.980.86-0.85-0.570.850.950.880.87-0.840.80.140.880.130.750.80.880.91-0.850.630.81
0.440.85-0.520.810.80.840.99-0.54-0.820.980.880.860.9-0.540.970.070.770.050.450.890.770.91-0.890.670.53
0.30.89-0.750.980.980.840.89-0.79-0.670.890.970.940.92-0.790.840.10.90.060.760.830.90.94-0.930.60.8
0.390.89-0.610.860.860.990.89-0.61-0.81.00.920.890.93-0.610.970.10.810.090.510.910.810.94-0.910.710.58
0.29-0.810.98-0.86-0.85-0.54-0.79-0.610.14-0.64-0.74-0.54-0.661.0-0.480.1-0.650.02-0.82-0.51-0.65-0.740.61-0.68-0.79
-0.73-0.550.09-0.61-0.57-0.82-0.67-0.80.14-0.78-0.77-0.85-0.720.14-0.9-0.14-0.66-0.03-0.16-0.81-0.66-0.670.83-0.28-0.37
0.370.9-0.630.870.850.980.891.0-0.64-0.780.920.880.94-0.640.970.060.820.050.530.910.820.95-0.910.70.61
0.290.87-0.690.960.950.880.970.92-0.74-0.770.920.930.9-0.740.910.060.870.020.630.870.870.91-0.940.590.78
0.570.78-0.490.870.880.860.940.89-0.54-0.850.880.930.92-0.540.90.230.90.140.560.890.90.9-0.930.450.67
0.450.83-0.620.890.870.90.920.93-0.66-0.720.940.90.92-0.660.890.080.920.050.650.880.920.99-0.910.520.74
0.28-0.810.98-0.86-0.84-0.54-0.79-0.611.00.14-0.64-0.74-0.54-0.66-0.480.1-0.650.03-0.82-0.51-0.65-0.740.61-0.68-0.79
0.490.79-0.450.810.80.970.840.97-0.48-0.90.970.910.90.89-0.480.110.80.070.390.920.80.88-0.910.560.57
0.08-0.030.1-0.020.140.070.10.10.1-0.140.060.060.230.080.10.110.310.98-0.330.420.310.060.11-0.01-0.04
0.320.69-0.570.850.880.770.90.81-0.65-0.660.820.870.90.92-0.650.80.310.270.560.91.00.91-0.790.330.85
-0.09-0.010.01-0.040.130.050.060.090.02-0.030.050.020.140.050.030.070.980.27-0.330.390.270.050.180.07-0.04
0.080.73-0.80.790.750.450.760.51-0.82-0.160.530.630.560.65-0.820.39-0.330.56-0.330.30.560.7-0.670.490.68
0.380.73-0.470.780.80.890.830.91-0.51-0.810.910.870.890.88-0.510.920.420.90.390.30.90.86-0.790.50.61
0.320.69-0.570.850.880.770.90.81-0.65-0.660.820.870.90.92-0.650.80.311.00.270.560.90.91-0.790.330.85
0.350.89-0.710.920.910.910.940.94-0.74-0.670.950.910.90.99-0.740.880.060.910.050.70.860.91-0.910.620.75
-0.53-0.850.57-0.91-0.85-0.89-0.93-0.910.610.83-0.91-0.94-0.93-0.910.61-0.910.11-0.790.18-0.67-0.79-0.79-0.91-0.54-0.67
-0.070.87-0.750.640.630.670.60.71-0.68-0.280.70.590.450.52-0.680.56-0.010.330.070.490.50.330.62-0.540.2
-0.030.56-0.690.820.810.530.80.58-0.79-0.370.610.780.670.74-0.790.57-0.040.85-0.040.680.610.850.75-0.670.2
Click cells to compare fundamentals

Generation Mining Account Relationship Matchups

Generation Mining fundamental ratios Accounts

201920202021202220232024 (projected)
Other Current Liab289.0K1.7M2.3M650.9K387.1K367.8K
Total Current Liabilities496.4K1.8M2.3M8.1M4.8M5.0M
Net Tangible Assets2.2M13.7M5.7M(24.1M)(21.7M)(20.6M)
Accounts Payable259.5K1.7M1.8M4.4M5.0M5.3M
Net Receivables540.9K483.1K728.0K1.7M2.0M2.1M
Total Current Assets2.0M14.9M7.5M20.7M16.7M8.4M
Common Stock11.6M28.4M38.9M66.7M76.7M80.5M
Total Assets2.9M15.7M8.2M25.0M20.2M11.8M
Total Stockholder Equity2.2M13.7M5.7M(24.1M)(29.4M)(27.9M)
Net Debt(1.0M)(788.0K)(11.4M)(5.2M)(4.7M)(4.9M)
Retained Earnings(15.4M)(23.8M)(40.8M)(96.8M)(114.6M)(108.9M)
Cash1.2M11.7M5.4M18.8M16.5M8.6M
Non Current Assets Total879.9K803.0K705.7K4.3M3.5M3.7M
Cash And Short Term Investments1.5M14.2M6.6M18.8M21.6M22.7M
Common Stock Shares Outstanding66.7M125.8M145.7M180.4M236.1M131.3M
Liabilities And Stockholders Equity2.9M15.7M8.2M25.0M28.8M30.2M
Non Current Liabilities Total223.2K191.4K151.5K41.0M44.8M47.1M
Total Liab719.5K2.0M2.5M49.1M49.6M52.1M
Net Invested Capital2.4M13.7M5.7M(24.1M)(29.4M)(27.9M)
Net Working Capital1.6M13.1M5.1M12.6M11.9M7.4M
Long Term Debt Total403.7K191.4K151.5K201.4K181.2K177.8K
Other Stockholder Equity4.5M6.4M2.7M6.1M7.0M4.5M
Capital Stock11.6M28.4M38.9M66.7M80.4M42.0M

Pair Trading with Generation Mining

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 Generation Mining 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 Generation Mining will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Generation Mining could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Generation Mining 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 Generation Mining - 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 Generation Mining to buy it.
The correlation of Generation Mining 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 Generation Mining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Generation Mining 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 Generation Mining 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 CorrelationCorrelation Matching

Other Information on Investing in Generation Stock

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