Greenlight Retained Earnings vs Accounts Payable Analysis
GLRE Stock | USD 12.53 0.10 0.79% |
Greenlight Capital financial indicator trend analysis is much more than just examining Greenlight Capital latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Greenlight Capital is a good investment. Please check the relationship between Greenlight Capital Retained Earnings and its Accounts Payable accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Greenlight Capital Re. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.
Retained Earnings vs Accounts Payable
Retained Earnings vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Greenlight Capital Retained Earnings account and Accounts Payable. At this time, the significance of the direction appears to have strong relationship.
The correlation between Greenlight Capital's Retained Earnings and Accounts Payable is 0.61. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Greenlight Capital Re, assuming nothing else is changed. The correlation between historical values of Greenlight Capital's Retained Earnings and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Greenlight Capital Re are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Retained Earnings i.e., Greenlight Capital's Retained Earnings and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 0.61 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.Accounts Payable
An accounting item on the balance sheet that represents Greenlight Capital obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Greenlight Capital are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.Most indicators from Greenlight Capital's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Greenlight Capital 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 Greenlight Capital Re. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. The current year's Sales General And Administrative To Revenue is expected to grow to 0.04, whereas Selling General Administrative is forecasted to decline to about 20.2 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 571.3M | 414.6M | 244K | 231.8K | Total Revenue | 571.3M | 414.6M | 624.3M | 408.3M |
Greenlight Capital fundamental ratios Correlations
Click cells to compare fundamentals
Greenlight Capital Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Greenlight Capital fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 36.1M | 36.3M | 34.4M | 39.8M | 34.8M | 37.6M | |
Total Assets | 1.4B | 1.4B | 1.4B | 1.6B | 1.7B | 2.1B | |
Other Current Liab | (122.7M) | (92.2M) | (91.2M) | (105.1M) | 635.2M | 667.0M | |
Total Stockholder Equity | 477.2M | 464.9M | 475.7M | 503.1M | 596.1M | 723.3M | |
Other Liab | 6.6M | 5.0M | 258.9M | 284.4M | 255.9M | 272.8M | |
Retained Earnings | (30.1M) | (27.1M) | (9.5M) | 21.2M | 108.0M | 154.7M | |
Accounts Payable | 122.7M | 92.2M | 91.2M | 105.1M | 69.0M | 65.5M | |
Cash | 25.8M | 8.9M | 76.3M | 38.2M | 655.7M | 688.5M | |
Other Assets | 743.0M | 745.4M | 634.8M | 788.1M | 1.0 | 0.95 | |
Common Stock Total Equity | 3.7M | 3.5M | 3.4M | 3.5M | 3.1M | 4.2M | |
Short Term Investments | 152.1M | 247.0M | 183.6M | 178.2M | (604.6M) | (574.4M) | |
Liabilities And Stockholders Equity | 1.4B | 1.4B | 1.4B | 1.6B | 1.7B | 2.1B | |
Other Stockholder Equity | 503.5M | 488.5M | 481.8M | 478.4M | 484.5M | 504.8M | |
Total Liab | 878.0M | 892.8M | 951.8M | 1.1B | 1.1B | 1.3B | |
Common Stock | 3.7M | 3.5M | 3.4M | 3.5M | 3.5M | 4.2M | |
Net Debt | 67.7M | 86.9M | 21.8M | 42.3M | (580.9M) | (551.9M) | |
Non Current Assets Total | 308.3M | 250.2M | 299.9M | 70.3M | 417.2M | 724.3M | |
Non Currrent Assets Other | 864K | 2.4M | 3.0M | (84.8M) | 83.6M | 102.0M | |
Cash And Short Term Investments | 25.8M | 8.9M | 76.3M | 38.2M | 51.1M | 35.4M | |
Net Receivables | 278.1M | 353.2M | 416.5M | 518.8M | 645.1M | 677.3M | |
Total Current Assets | 303.9M | 362.1M | 492.8M | 722.0M | 1.3B | 1.3B | |
Total Current Liabilities | 122.7M | 92.2M | 91.2M | 80.5M | 704.9M | 442.4M | |
Other Current Assets | 1.0B | 1.1B | 1.1B | 1.2B | 1.3B | 1.3B | |
Short Long Term Debt Total | 93.5M | 95.8M | 98.1M | 80.5M | 74.8M | 74.5M | |
Net Tangible Assets | 477.2M | 464.9M | 475.7M | 503.1M | 452.8M | 584.7M | |
Long Term Debt | 93.5M | 100.3M | 101.8M | 102.4M | 73.3M | 68.3M | |
Retained Earnings Total Equity | (30.1M) | (27.1M) | (9.5M) | 21.2M | 19.1M | 18.1M | |
Long Term Debt Total | 93.5M | 100.3M | 101.8M | 102.4M | 117.8M | 67.3M | |
Non Current Liabilities Total | 93.5M | 95.8M | 98.1M | 996.7M | 391.4M | 426.6M | |
Capital Surpluse | 503.5M | 488.5M | 481.8M | 478.4M | 430.6M | 395.3M | |
Long Term Investments | 256.4M | 196.2M | 231.0M | 248.5M | 258.9M | 245.9M | |
Non Current Liabilities Other | 779.5M | 792.5M | 850.0M | 974.8M | 877.3M | 1.1B | |
Intangible Assets | 49.7M | 51.0M | 63.0M | 82.4M | 94.7M | 99.5M |
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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 Greenlight Capital Re. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
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Is Greenlight Capital's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Greenlight Capital. If investors know Greenlight will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Greenlight Capital listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.49) | Earnings Share 2.5 | Revenue Per Share 19.234 | Quarterly Revenue Growth 0.078 | Return On Assets 0.033 |
The market value of Greenlight Capital is measured differently than its book value, which is the value of Greenlight that is recorded on the company's balance sheet. Investors also form their own opinion of Greenlight Capital's value that differs from its market value or its book value, called intrinsic value, which is Greenlight Capital's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Greenlight Capital's market value can be influenced by many factors that don't directly affect Greenlight Capital's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Greenlight Capital's value and its price as these two are different measures arrived at by different means. Investors typically determine if Greenlight Capital is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Greenlight Capital's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.