Generation Total Assets vs Long Term Debt 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 Total Assets and its Long Term Debt 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.

Total Assets vs Long Term Debt

Total Assets vs Long Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Generation Mining Total Assets account and Long Term Debt. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Generation Mining's Total Assets and Long Term Debt is 0.81. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Long Term Debt 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 Total Assets and Long Term Debt 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 Assets of Generation Mining are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Total Assets i.e., Generation Mining's Total Assets and Long Term Debt go up and down completely randomly.

Correlation Coefficient

0.81
Relationship DirectionPositive 
Relationship StrengthStrong

Total Assets

Total assets refers to the total amount of Generation Mining 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 Generation Mining 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.

Long Term Debt

Long-term debt is a debt that Generation Mining has held for over one year. Long-term debt appears on Generation Mining balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Generation Mining balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.
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.