GoGold Common Stock vs Net Debt Analysis

GGD Stock

CAD 1.60 0.05 3.03%

GoGold Resources financial indicator trend analysis is much more than just examining GoGold Resources latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether GoGold Resources is a good investment. Please check the relationship between GoGold Resources Common Stock and its Net Debt accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GoGold Resources. 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.

Common Stock vs Net Debt

Common Stock vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of GoGold Resources Common Stock account and Net Debt. At this time, the significance of the direction appears to have pay attention.

The correlation between GoGold Resources' Common Stock and Net Debt is -0.72. Overlapping area represents the amount of variation of Common Stock that can explain the historical movement of Net Debt in the same time period over historical financial statements of GoGold Resources, assuming nothing else is changed. The correlation between historical values of GoGold Resources' Common Stock and Net 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 Common Stock of GoGold Resources are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Common Stock i.e., GoGold Resources' Common Stock and Net Debt go up and down completely randomly.

Correlation Coefficient

-0.72

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

Common Stock

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.

Most indicators from GoGold Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into GoGold Resources 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 GoGold Resources. 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, GoGold Resources' Selling General Administrative is very stable compared to the past year. As of the 2nd of June 2024, Discontinued Operations is likely to grow to about 35.7 M, though Tax Provision is likely to grow to (2.3 M).

	2020	2021	2023	2024 (projected)
Depreciation And Amortization	5.3M	4.2M	4.8M	3.3M
Other Operating Expenses	45.2M	39.1M	45.0M	47.3M

Depreciation And Amortization Other Operating Expenses

GoGold Resources fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Other Current Liab	Net Debt	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Common Stock Shares Outstanding	Deferred Long Term Liab	Property Plant And Equipment Net	Net Receivables	Other Current Assets	Property Plant And Equipment Gross	Property Plant Equipment	Other Liab	Non Current Liabilities Total
Total Assets		0.12	0.98	0.98	0.01	0.4	0.92	-0.1	0.2	0.96	0.95	0.1	-0.67	0.98	0.7	0.7	0.89	0.95	-0.66	0.76	0.25	-0.03	0.97	0.6	0.89	0.02
Total Current Liabilities	0.12		-0.04	-0.04	-0.19	0.84	-0.17	-0.21	0.91	0.09	0.07	-0.18	0.48	0.14	0.0	0.16	-0.21	0.08	0.02	0.18	0.14	0.79	0.06	0.06	-0.07	-0.26
Total Stockholder Equity	0.98	-0.04		0.99	0.03	0.26	0.97	-0.04	0.02	0.97	0.95	0.15	-0.79	0.95	0.72	0.7	0.95	0.95	-0.68	0.7	0.24	-0.16	0.95	0.56	0.92	0.0
Net Tangible Assets	0.98	-0.04	0.99		0.04	0.29	0.96	-0.03	0.03	0.96	0.95	0.21	-0.8	0.94	0.76	0.71	0.95	0.94	-0.62	0.72	0.3	-0.16	0.95	0.59	0.89	0.02
Retained Earnings	0.01	-0.19	0.03	0.04		-0.36	0.09	0.29	-0.07	-0.03	-0.25	-0.51	-0.08	0.05	-0.34	-0.46	0.1	-0.25	0.0	0.23	-0.3	-0.11	0.15	0.41	0.11	0.48
Accounts Payable	0.4	0.84	0.26	0.29	-0.36		0.12	-0.27	0.78	0.38	0.43	0.05	0.12	0.39	0.41	0.54	0.12	0.43	-0.03	0.39	0.38	0.56	0.32	0.19	0.18	-0.27
Cash	0.92	-0.17	0.97	0.96	0.09	0.12		0.0	-0.17	0.96	0.89	0.15	-0.89	0.84	0.7	0.68	0.99	0.88	-0.66	0.56	0.19	-0.23	0.87	0.47	0.91	-0.11
Other Stockholder Equity	-0.1	-0.21	-0.04	-0.03	0.29	-0.27	0.0		-0.31	-0.09	-0.14	-0.02	-0.11	-0.1	-0.16	-0.23	0.02	-0.23	0.06	-0.02	-0.26	-0.1	-0.07	0.28	-0.09	0.11
Total Liab	0.2	0.91	0.02	0.03	-0.07	0.78	-0.17	-0.31		0.07	0.1	-0.24	0.52	0.28	-0.02	0.07	-0.2	0.13	0.02	0.41	0.11	0.72	0.21	0.28	-0.03	0.13
Total Current Assets	0.96	0.09	0.97	0.96	-0.03	0.38	0.96	-0.09	0.07		0.94	0.14	-0.76	0.88	0.74	0.78	0.94	0.93	-0.66	0.6	0.3	0.01	0.88	0.44	0.89	-0.2
Common Stock	0.95	0.07	0.95	0.95	-0.25	0.43	0.89	-0.14	0.1	0.94		0.33	-0.72	0.91	0.82	0.82	0.88	0.99	-0.61	0.64	0.38	-0.09	0.88	0.45	0.83	-0.11
Other Current Liab	0.1	-0.18	0.15	0.21	-0.51	0.05	0.15	-0.02	-0.24	0.14	0.33		-0.36	0.06	0.65	0.49	0.25	0.27	0.08	-0.09	0.26	-0.09	0.02	-0.12	0.14	-0.22
Net Debt	-0.67	0.48	-0.79	-0.8	-0.08	0.12	-0.89	-0.11	0.52	-0.76	-0.72	-0.36		-0.57	-0.72	-0.63	-0.93	-0.69	0.39	-0.35	-0.23	0.47	-0.63	-0.32	-0.74	0.16
Non Current Assets Total	0.98	0.14	0.95	0.94	0.05	0.39	0.84	-0.1	0.28	0.88	0.91	0.06	-0.57		0.64	0.6	0.81	0.92	-0.63	0.83	0.21	-0.05	0.99	0.68	0.85	0.18
Non Currrent Assets Other	0.7	0.0	0.72	0.76	-0.34	0.41	0.7	-0.16	-0.02	0.74	0.82	0.65	-0.72	0.64		0.94	0.75	0.8	-0.2	0.49	0.38	-0.06	0.62	0.31	0.69	-0.23
Other Assets	0.7	0.16	0.7	0.71	-0.46	0.54	0.68	-0.23	0.07	0.78	0.82	0.49	-0.63	0.6	0.94		0.7	0.81	-0.25	0.41	0.44	0.1	0.57	0.19	0.65	-0.42
Cash And Short Term Investments	0.89	-0.21	0.95	0.95	0.1	0.12	0.99	0.02	-0.2	0.94	0.88	0.25	-0.93	0.81	0.75	0.7		0.87	-0.58	0.55	0.27	-0.25	0.84	0.48	0.88	-0.12
Common Stock Shares Outstanding	0.95	0.08	0.95	0.94	-0.25	0.43	0.88	-0.23	0.13	0.93	0.99	0.27	-0.69	0.92	0.8	0.81	0.87		-0.63	0.65	0.36	-0.08	0.89	0.44	0.84	-0.1
Deferred Long Term Liab	-0.66	0.02	-0.68	-0.62	0.0	-0.03	-0.66	0.06	0.02	-0.66	-0.61	0.08	0.39	-0.63	-0.2	-0.25	-0.58	-0.63		-0.19	0.02	0.1	-0.63	-0.09	-0.69	0.09
Property Plant And Equipment Net	0.76	0.18	0.7	0.72	0.23	0.39	0.56	-0.02	0.41	0.6	0.64	-0.09	-0.35	0.83	0.49	0.41	0.55	0.65	-0.19		0.17	-0.04	0.83	0.91	0.56	0.44
Net Receivables	0.25	0.14	0.24	0.3	-0.3	0.38	0.19	-0.26	0.11	0.3	0.38	0.26	-0.23	0.21	0.38	0.44	0.27	0.36	0.02	0.17		0.1	0.16	0.02	-0.02	-0.22
Other Current Assets	-0.03	0.79	-0.16	-0.16	-0.11	0.56	-0.23	-0.1	0.72	0.01	-0.09	-0.09	0.47	-0.05	-0.06	0.1	-0.25	-0.08	0.1	-0.04	0.1		-0.12	-0.07	-0.19	-0.17
Property Plant And Equipment Gross	0.97	0.06	0.95	0.95	0.15	0.32	0.87	-0.07	0.21	0.88	0.88	0.02	-0.63	0.99	0.62	0.57	0.84	0.89	-0.63	0.83	0.16	-0.12		0.69	0.89	0.21
Property Plant Equipment	0.6	0.06	0.56	0.59	0.41	0.19	0.47	0.28	0.28	0.44	0.45	-0.12	-0.32	0.68	0.31	0.19	0.48	0.44	-0.09	0.91	0.02	-0.07	0.69		0.4	0.53
Other Liab	0.89	-0.07	0.92	0.89	0.11	0.18	0.91	-0.09	-0.03	0.89	0.83	0.14	-0.74	0.85	0.69	0.65	0.88	0.84	-0.69	0.56	-0.02	-0.19	0.89	0.4		-0.04
Non Current Liabilities Total	0.02	-0.26	0.0	0.02	0.48	-0.27	-0.11	0.11	0.13	-0.2	-0.11	-0.22	0.16	0.18	-0.23	-0.42	-0.12	-0.1	0.09	0.44	-0.22	-0.17	0.21	0.53	-0.04

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GoGold Resources Account Relationship Matchups

GoGold Resources fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	183.1M	225.3M	264.7M	302.4M	347.8M	365.2M
Total Current Liabilities	8.1M	10.7M	11.8M	12.7M	14.6M	13.7M
Total Stockholder Equity	170.8M	206.3M	240.3M	281.6M	323.8M	340.0M
Net Tangible Assets	72.8M	170.8M	206.3M	240.3M	276.4M	290.2M
Retained Earnings	(34.3M)	(27.2M)	(26.5M)	(34.4M)	(31.0M)	(32.5M)
Accounts Payable	6.1M	9.5M	7.9M	7.0M	8.0M	5.8M
Cash	52.6M	66.8M	73.3M	95.2M	109.5M	115.0M
Other Stockholder Equity	8.0M	8.9M	10.3M	12.1M	10.9M	10.9M
Total Liab	12.3M	19.1M	24.3M	20.9M	24.0M	21.6M
Total Current Assets	73.7M	88.3M	89.2M	114.4M	131.5M	138.1M
Common Stock	147.9M	202.4M	227.5M	264.0M	303.7M	318.8M
Other Current Liab	1.5M	1.2M	3.9M	566K	650.9K	1.1M
Net Debt	(269K)	(50.9M)	(66.8M)	(73.3M)	(66.0M)	(62.7M)
Non Current Assets Total	109.4M	137.0M	175.5M	188.0M	216.3M	227.1M
Non Currrent Assets Other	21.4M	32.6M	48.9M	32.7M	37.6M	21.2M
Other Assets	26.3M	21.4M	32.6M	35.7M	41.0M	20.9M
Cash And Short Term Investments	7.2M	52.6M	66.8M	73.3M	84.3M	88.6M
Common Stock Shares Outstanding	217.1M	281.7M	299.3M	326.5M	375.5M	394.2M
Liabilities And Stockholders Equity	84.7M	183.1M	225.3M	264.7M	304.4M	319.6M
Property Plant And Equipment Net	88.0M	104.4M	126.6M	136.6M	157.1M	87.0M
Net Receivables	11.6M	11.5M	3.6M	2.9M	3.4M	4.5M
Other Current Assets	227K	286K	817K	354K	407.1K	386.7K
Property Plant And Equipment Gross	88.0M	155.1M	183.5M	198.5M	228.2M	239.6M
Property Plant Equipment	37.0M	88.0M	104.4M	126.6M	145.6M	81.6M
Other Liab	3.6M	2.9M	7.4M	11.5M	13.2M	13.9M
Non Current Liabilities Total	4.2M	8.3M	12.5M	8.2M	7.4M	7.6M
Accumulated Other Comprehensive Income	(5.7M)	(6.1M)	(4.4M)	(9.3M)	(8.4M)	(8.8M)
Inventory	9.2M	9.2M	11.9M	14.6M	16.8M	13.3M
Long Term Debt Total	1.7M	1.6M	959K	1.5M	1.4M	1.3M
Capital Surpluse	8.0M	8.9M	10.3M	12.1M	13.9M	9.3M
Net Invested Capital	170.8M	206.3M	240.3M	281.6M	323.8M	184.6M
Net Working Capital	65.7M	77.6M	77.4M	101.7M	117.0M	122.8M
Capital Stock	202.4M	227.5M	264.0M	310.9M	357.5M	237.5M
Non Current Liabilities Other	298K	959K	1.5M	378K	340.2K	323.2K

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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GoGold Resources. 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 GoGold Resources information on this page should be used as a complementary analysis to other GoGold Resources' 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 Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.

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

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GoGold Common Stock vs Net Debt Analysis

Common Stock vs Net Debt

Common Stock vs Net Debt Correlation Analysis

Correlation Coefficient

Common Stock

Net Debt

GoGold Resources fundamental ratios Correlations

GoGold Resources Account Relationship Matchups

High Positive Relationship

High Negative Relationship

GoGold Resources fundamental ratios Accounts

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Complementary Tools for GoGold Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Net Tangible Assets	+ 0.99	Total Stockholder Equity
Cash And Short Term Investments	+ 0.99	Cash
Common Stock Shares Outstanding	+ 0.99	Common Stock
Property Plant And Equipment Gross	+ 0.99	Non Current Assets Total
Total Stockholder Equity	+ 0.98	Total Assets
Net Tangible Assets	+ 0.98	Total Assets

Cash And Short Term Investments	- 0.93	Net Debt
Net Debt	- 0.89	Cash
Net Debt	- 0.8	Net Tangible Assets
Net Debt	- 0.79	Total Stockholder Equity
Net Debt	- 0.76	Total Current Assets
Other Liab	- 0.74	Net Debt