# Generation Other Current Assets vs Net Receivables Analysis

GENM Stock | CAD 0.24 0.02 7.69% |

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 Other Current Assets and its Net Receivables 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.

## Other Current Assets vs Net Receivables

## Other Current Assets vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Generation Mining Other Current Assets account and Net Receivables. At this time, the significance of the direction appears to have strong relationship.

The correlation between Generation Mining's Other Current Assets and Net Receivables is

**0.75**. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Net Receivables 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 Other Current Assets and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Assets of Generation Mining are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Other Current Assets i.e., Generation Mining's Other Current Assets and Net Receivables go up and down completely randomly.## Correlation Coefficient | 0.75 |

Relationship Direction | Positive |

Relationship Strength | Significant |

## Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.## Net Receivables

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 7th of August 2024, Enterprise Value is likely to grow to about 42.1

**M**, while Issuance Of Capital Stock is likely to drop about 8.9**M**. 2021 | 2023 | 2024 (projected) | |

Depreciation And Amortization | 97.3K | 87.6K | 83.2K |

Interest Income | 26.1K | 435.3K | 413.5K |

## Generation Mining fundamental ratios Correlations

Click cells to compare fundamentals

## Generation Mining Account Relationship Matchups

### High Positive Relationship

### High Negative Relationship

## Generation Mining fundamental ratios Accounts

2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||

Other Current Liab | 289.0K | 1.7M | 2.3M | 650.9K | 387.1K | 367.8K | |

Total Current Liabilities | 496.4K | 1.8M | 2.3M | 8.1M | 4.8M | 5.0M | |

Net Tangible Assets | 2.2M | 13.7M | 5.7M | (24.1M) | (21.7M) | (20.6M) | |

Accounts Payable | 259.5K | 1.7M | 1.8M | 4.4M | 5.0M | 5.3M | |

Net Receivables | 540.9K | 483.1K | 728.0K | 1.7M | 2.0M | 2.1M | |

Total Current Assets | 2.0M | 14.9M | 7.5M | 20.7M | 16.7M | 8.4M | |

Common Stock | 11.6M | 28.4M | 38.9M | 66.7M | 76.7M | 80.5M | |

Total Assets | 2.9M | 15.7M | 8.2M | 25.0M | 20.2M | 11.8M | |

Total Stockholder Equity | 2.2M | 13.7M | 5.7M | (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) | |

Cash | 1.2M | 11.7M | 5.4M | 18.8M | 16.5M | 8.6M | |

Non Current Assets Total | 879.9K | 803.0K | 705.7K | 4.3M | 3.5M | 3.7M | |

Cash And Short Term Investments | 1.5M | 14.2M | 6.6M | 18.8M | 21.6M | 22.7M | |

Common Stock Shares Outstanding | 66.7M | 125.8M | 145.7M | 180.4M | 236.1M | 131.3M | |

Liabilities And Stockholders Equity | 2.9M | 15.7M | 8.2M | 25.0M | 28.8M | 30.2M | |

Non Current Liabilities Total | 223.2K | 191.4K | 151.5K | 41.0M | 44.8M | 47.1M | |

Total Liab | 719.5K | 2.0M | 2.5M | 49.1M | 49.6M | 52.1M | |

Net Invested Capital | 2.4M | 13.7M | 5.7M | (24.1M) | (29.4M) | (27.9M) | |

Net Working Capital | 1.6M | 13.1M | 5.1M | 12.6M | 11.9M | 7.4M | |

Long Term Debt Total | 403.7K | 191.4K | 151.5K | 201.4K | 181.2K | 177.8K | |

Other Stockholder Equity | 4.5M | 6.4M | 2.7M | 6.1M | 7.0M | 4.5M | |

Capital Stock | 11.6M | 28.4M | 38.9M | 66.7M | 80.4M | 42.0M |

## 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.## 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.