GoGold Common Stock vs Total Current Assets 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 Total Current Assets 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 Total Current Assets
Common Stock vs Total Current Assets 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 Total Current Assets. At this time, the significance of the direction appears to have almost identical trend.
The correlation between GoGold Resources' Common Stock and Total Current Assets is 0.94. Overlapping area represents the amount of variation of Common Stock that can explain the historical movement of Total Current Assets 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 Total Current Assets 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 Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Common Stock i.e., GoGold Resources' Common Stock and Total Current Assets go up and down completely randomly.
Correlation Coefficient | 0.94 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Common Stock
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.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 |
GoGold Resources fundamental ratios Correlations
Click cells to compare fundamentals
GoGold Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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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Try AI Portfolio ArchitectCheck 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 Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
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