GoGold Total Current Liabilities vs Cash 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 Total Current Liabilities and its Cash 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.
Total Current Liabilities vs Cash
Total Current Liabilities vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of GoGold Resources Total Current Liabilities account and Cash. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between GoGold Resources' Total Current Liabilities and Cash is -0.17. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Cash 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' Total Current Liabilities and Cash 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 Current Liabilities of GoGold Resources are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Total Current Liabilities i.e., GoGold Resources' Total Current Liabilities and Cash go up and down completely randomly.
Correlation Coefficient | -0.17 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Total Current Liabilities
Total Current Liabilities is an item on GoGold Resources balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of GoGold Resources are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Cash
Cash refers to the most liquid asset of GoGold Resources, which is listed under current asset account on GoGold Resources balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from GoGold Resources customers. The amounts must be unrestricted with restricted cash listed in a different GoGold Resources account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.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
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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 Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
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