Grindrod Short Term Investments vs Common Stock Total Equity Analysis

GRIN Stock

USD 13.70 0.05 0.37%

Grindrod Shipping financial indicator trend analysis is much more than just examining Grindrod Shipping latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Grindrod Shipping is a good investment. Please check the relationship between Grindrod Shipping Short Term Investments and its Common Stock Total Equity accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Grindrod Shipping Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Short Term Investments vs Common Stock Total Equity

Short Term Investments vs Common Stock Total Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Grindrod Shipping Short Term Investments account and Common Stock Total Equity. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Grindrod Shipping's Short Term Investments and Common Stock Total Equity is -0.68. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Common Stock Total Equity in the same time period over historical financial statements of Grindrod Shipping Holdings, assuming nothing else is changed. The correlation between historical values of Grindrod Shipping's Short Term Investments and Common Stock Total Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Investments of Grindrod Shipping Holdings are associated (or correlated) with its Common Stock Total Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Total Equity has no effect on the direction of Short Term Investments i.e., Grindrod Shipping's Short Term Investments and Common Stock Total Equity go up and down completely randomly.

Correlation Coefficient

-0.68

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

Short Term Investments

Short Term Investments is an item under the current assets section of Grindrod Shipping balance sheet. It contains any investments Grindrod Shipping Holdings undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Grindrod Shipping can easily liquidate in the marketplace.

Common Stock Total Equity

The total value of common stock equity held by shareholders, representing their ownership interest in the company.

Most indicators from Grindrod Shipping's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Grindrod Shipping 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 Grindrod Shipping Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

At this time, Grindrod Shipping's Selling General Administrative is very stable compared to the past year. As of the 17th of June 2024, Tax Provision is likely to grow to about 1.1 M, while Discontinued Operations is likely to drop (3 M).

	2021	2022	2023	2024 (projected)
Interest Expense	12.3M	17.1M	16.2M	11.5M
Depreciation And Amortization	62.0M	67.3M	57.7M	45.3M

Interest Expense Depreciation And Amortization

Grindrod Shipping fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets
Total Assets		0.17	-0.36	0.53	0.45	0.38	0.44	0.4	0.48	0.02	0.06	0.63	0.56	0.65	0.51	0.49	0.01	0.56	0.27	0.13	0.39	-0.38	-0.52	0.02	-0.18	-0.39
Short Long Term Debt Total	0.17		-0.17	-0.58	-0.78	-0.69	-0.77	0.9	-0.73	0.97	0.08	-0.55	-0.16	0.6	-0.66	-0.62	0.96	-0.16	-0.68	-0.86	-0.75	0.31	0.44	0.97	0.58	-0.05
Other Current Liab	-0.36	-0.17		-0.05	-0.17	-0.2	-0.18	-0.46	-0.11	-0.02	-0.55	-0.45	-0.53	-0.64	-0.3	-0.44	-0.12	-0.53	0.35	-0.16	0.08	-0.21	-0.25	-0.11	-0.14	0.84
Total Current Liabilities	0.53	-0.58	-0.05		0.81	0.81	0.8	-0.34	0.93	-0.66	-0.36	0.84	0.47	0.09	0.79	0.77	-0.77	0.47	0.59	0.76	0.94	-0.37	-0.55	-0.76	-0.73	-0.01
Total Stockholder Equity	0.45	-0.78	-0.17	0.81		0.84	1.0	-0.52	0.93	-0.87	0.1	0.9	0.6	-0.09	0.89	0.87	-0.83	0.6	0.72	0.83	0.88	-0.38	-0.66	-0.84	-0.52	-0.28
Other Liab	0.38	-0.69	-0.2	0.81	0.84		0.8	-0.51	0.95	-0.74	-0.22	0.8	0.39	0.0	0.94	0.94	-0.78	0.39	0.74	0.91	0.9	-0.33	-0.54	-0.77	-0.59	-0.27
Net Tangible Assets	0.44	-0.77	-0.18	0.8	1.0	0.8		-0.51	0.91	-0.88	0.14	0.9	0.64	-0.11	0.86	0.84	-0.82	0.64	0.69	0.81	0.86	-0.36	-0.64	-0.83	-0.49	-0.26
Property Plant And Equipment Net	0.4	0.9	-0.46	-0.34	-0.52	-0.51	-0.51		-0.52	0.81	0.26	-0.23	0.11	0.84	-0.42	-0.34	0.8	0.11	-0.69	-0.69	-0.58	0.29	0.35	0.81	0.43	-0.33
Current Deferred Revenue	0.48	-0.73	-0.11	0.93	0.93	0.95	0.91	-0.52		-0.8	-0.23	0.88	0.49	-0.04	0.92	0.9	-0.84	0.49	0.76	0.9	0.97	-0.41	-0.63	-0.84	-0.65	-0.15
Net Debt	0.02	0.97	-0.02	-0.66	-0.87	-0.74	-0.88	0.81	-0.8		-0.03	-0.68	-0.4	0.48	-0.72	-0.7	0.95	-0.4	-0.65	-0.89	-0.79	0.22	0.43	0.96	0.55	0.04
Retained Earnings	0.06	0.08	-0.55	-0.36	0.1	-0.22	0.14	0.26	-0.23	-0.03		0.11	0.43	0.21	-0.01	0.06	0.21	0.43	-0.32	-0.16	-0.37	0.25	0.15	0.18	0.4	-0.67
Accounts Payable	0.63	-0.55	-0.45	0.84	0.9	0.8	0.9	-0.23	0.88	-0.68	0.11		0.7	0.21	0.88	0.9	-0.67	0.7	0.46	0.77	0.78	-0.34	-0.46	-0.67	-0.51	-0.43
Cash	0.56	-0.16	-0.53	0.47	0.6	0.39	0.64	0.11	0.49	-0.4	0.43	0.7		0.33	0.42	0.51	-0.23	1.0	0.07	0.36	0.37	0.26	-0.07	-0.26	-0.08	-0.34
Non Current Assets Total	0.65	0.6	-0.64	0.09	-0.09	0.0	-0.11	0.84	-0.04	0.48	0.21	0.21	0.33		0.1	0.19	0.42	0.33	-0.39	-0.25	-0.14	0.18	0.11	0.45	0.09	-0.59
Non Currrent Assets Other	0.51	-0.66	-0.3	0.79	0.89	0.94	0.86	-0.42	0.92	-0.72	-0.01	0.88	0.42	0.1		0.98	-0.75	0.42	0.7	0.86	0.84	-0.47	-0.62	-0.73	-0.61	-0.46
Other Assets	0.49	-0.62	-0.44	0.77	0.87	0.94	0.84	-0.34	0.9	-0.7	0.06	0.9	0.51	0.19	0.98		-0.71	0.51	0.58	0.87	0.8	-0.3	-0.48	-0.7	-0.58	-0.54
Long Term Debt	0.01	0.96	-0.12	-0.77	-0.83	-0.78	-0.82	0.8	-0.84	0.95	0.21	-0.67	-0.23	0.42	-0.75	-0.71		-0.23	-0.68	-0.9	-0.87	0.34	0.48	1.0	0.71	-0.04
Cash And Short Term Investments	0.56	-0.16	-0.53	0.47	0.6	0.39	0.64	0.11	0.49	-0.4	0.43	0.7	1.0	0.33	0.42	0.51	-0.23		0.07	0.36	0.37	0.26	-0.07	-0.26	-0.08	-0.34
Net Receivables	0.27	-0.68	0.35	0.59	0.72	0.74	0.69	-0.69	0.76	-0.65	-0.32	0.46	0.07	-0.39	0.7	0.58	-0.68	0.07		0.65	0.81	-0.61	-0.86	-0.68	-0.43	0.1
Good Will	0.13	-0.86	-0.16	0.76	0.83	0.91	0.81	-0.69	0.9	-0.89	-0.16	0.77	0.36	-0.25	0.86	0.87	-0.9	0.36	0.65		0.85	-0.29	-0.39	-0.9	-0.71	-0.18
Common Stock Total Equity	0.39	-0.75	0.08	0.94	0.88	0.9	0.86	-0.58	0.97	-0.79	-0.37	0.78	0.37	-0.14	0.84	0.8	-0.87	0.37	0.81	0.85		-0.43	-0.68	-0.87	-0.68	0.03
Common Stock Shares Outstanding	-0.38	0.31	-0.21	-0.37	-0.38	-0.33	-0.36	0.29	-0.41	0.22	0.25	-0.34	0.26	0.18	-0.47	-0.3	0.34	0.26	-0.61	-0.29	-0.43		0.77	0.32	0.39	0.06
Short Term Investments	-0.52	0.44	-0.25	-0.55	-0.66	-0.54	-0.64	0.35	-0.63	0.43	0.15	-0.46	-0.07	0.11	-0.62	-0.48	0.48	-0.07	-0.86	-0.39	-0.68	0.77		0.48	0.31	0.06
Non Current Liabilities Total	0.02	0.97	-0.11	-0.76	-0.84	-0.77	-0.83	0.81	-0.84	0.96	0.18	-0.67	-0.26	0.45	-0.73	-0.7	1.0	-0.26	-0.68	-0.9	-0.87	0.32	0.48		0.68	-0.05
Inventory	-0.18	0.58	-0.14	-0.73	-0.52	-0.59	-0.49	0.43	-0.65	0.55	0.4	-0.51	-0.08	0.09	-0.61	-0.58	0.71	-0.08	-0.43	-0.71	-0.68	0.39	0.31	0.68		-0.05
Other Current Assets	-0.39	-0.05	0.84	-0.01	-0.28	-0.27	-0.26	-0.33	-0.15	0.04	-0.67	-0.43	-0.34	-0.59	-0.46	-0.54	-0.04	-0.34	0.1	-0.18	0.03	0.06	0.06	-0.05	-0.05

Click cells to compare fundamentals

Grindrod Shipping Account Relationship Matchups

Grindrod Shipping fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	527.2M	622.1M	645.2M	549.2M	460.9M	438.1M
Short Long Term Debt Total	223.2M	329.7M	278.9M	225.1M	176.0M	209.2M
Other Current Liab	9.4M	3.9M	2.6M	1.3M	1.9M	1.8M
Total Current Liabilities	86.8M	117.9M	100.3M	90.7M	86.6M	89.8M
Total Stockholder Equity	260.1M	212.2M	319.6M	287.4M	246.1M	240.0M
Other Liab	2.1M	2.0M	1.6M	1.4M	1.3M	2.5M
Net Tangible Assets	250.8M	210.9M	319.4M	287.3M	258.5M	238.4M
Property Plant And Equipment Net	368.6M	524.4M	469.9M	433.6M	338.4M	396.8M
Current Deferred Revenue	4.1M	5.1M	8.4M	4.4M	3.0M	2.8M
Net Debt	190.8M	288.4M	171.8M	172.9M	116.7M	146.2M
Retained Earnings	(42.4M)	(85.4M)	23.0M	(8.5M)	(32.2M)	(33.8M)
Accounts Payable	28.3M	27.4M	33.9M	29.6M	30.7M	24.9M
Cash	32.4M	41.3M	107.1M	52.2M	59.3M	63.0M
Non Current Assets Total	435.7M	539.5M	483.7M	444.0M	362.8M	461.2M
Non Currrent Assets Other	12.2M	9.3M	7.6M	5.2M	1.9M	1.8M
Other Assets	13.5M	13.6M	13.5M	10.2M	9.2M	14.2M
Long Term Debt	144.5M	225.0M	217.6M	165.6M	123.6M	132.0M
Cash And Short Term Investments	32.4M	41.3M	107.1M	52.2M	59.3M	63.0M
Net Receivables	38.9M	28.4M	35.1M	37.7M	12.5M	11.8M
Good Will	7.4M	944K	960K	0.0	7.9M	5.0M
Common Stock Shares Outstanding	19.0M	19.0M	20.0M	18.9M	19.5M	21.1M
Short Term Investments	123K	337K	809K	269K	2.0M	2.1M
Liabilities And Stockholders Equity	527.2M	622.1M	645.2M	549.2M	460.9M	438.1M
Non Current Liabilities Total	180.3M	250.2M	225.2M	171.1M	128.1M	143.8M
Inventory	12.2M	8.7M	13.9M	15.3M	10.8M	12.3M
Other Current Assets	8.0M	4.3M	5.4M	51K	15.5M	8.5M
Other Stockholder Equity	251.9M	243.5M	(24.1M)	287.4M	(24.5M)	(23.3M)
Total Liab	267.1M	368.1M	325.5M	261.8M	214.8M	267.2M
Long Term Investments	52.5M	3.3M	3.7M	3.7M	3.6M	3.4M
Property Plant And Equipment Gross	360.4M	524.4M	469.9M	433.6M	564.2M	423.4M
Short Long Term Debt	20.7M	53.4M	28.0M	33.3M	18.6M	17.6M
Total Current Assets	91.5M	82.6M	161.5M	105.2M	98.1M	102.6M
Accumulated Other Comprehensive Income	(18.2M)	(23.1M)	(24.1M)	(24.7M)	(11.9M)	(12.5M)
Short Term Debt	45.0M	81.5M	55.4M	55.4M	51.0M	50.1M
Intangible Assets	177K	405K	227K	186K	4.9M	5.2M
Property Plant Equipment	360.4M	524.4M	469.9M	433.6M	498.6M	398.7M
Net Invested Capital	417.2M	490.7M	565.3M	486.4M	388.3M	500.9M
Net Working Capital	4.7M	(35.3M)	61.1M	14.5M	11.5M	16.8M

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Additional Information and Resources on Investing in Grindrod Stock

When determining whether Grindrod Shipping offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Grindrod Shipping's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Grindrod Shipping Holdings Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Grindrod Shipping Holdings Stock:

How To Invest In Grindrod

Details

Is Grindrod Stock a good investment?

Details

What is Grindrod Shipping's Net Worth?

Details

Largest Marine Transportation Companies

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Largest Marine Shipping Companies

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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Grindrod Shipping Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.

Is Marine Transportation space 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 Grindrod Shipping. If investors know Grindrod 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 Grindrod Shipping 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

(0.90)

Dividend Share

0.03

Earnings Share

(0.49)

Revenue Per Share

19.827

Quarterly Revenue Growth

0.091

The market value of Grindrod Shipping is measured differently than its book value, which is the value of Grindrod that is recorded on the company's balance sheet. Investors also form their own opinion of Grindrod Shipping's value that differs from its market value or its book value, called intrinsic value, which is Grindrod Shipping'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 Grindrod Shipping's market value can be influenced by many factors that don't directly affect Grindrod Shipping'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 Grindrod Shipping's value and its price as these two are different measures arrived at by different means. Investors typically determine if Grindrod Shipping is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Grindrod Shipping'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.

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Grindrod Short Term Investments vs Common Stock Total Equity Analysis

Short Term Investments vs Common Stock Total Equity

Short Term Investments vs Common Stock Total Equity Correlation Analysis

Correlation Coefficient

Short Term Investments

Common Stock Total Equity

Grindrod Shipping fundamental ratios Correlations

Grindrod Shipping Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Grindrod Shipping fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

Additional Information and Resources on Investing in Grindrod Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Net Tangible Assets	+ 1.0	Total Stockholder Equity
Cash And Short Term Investments	+ 1.0	Cash
Non Current Liabilities Total	+ 1.0	Long Term Debt
Other Assets	+ 0.98	Non Currrent Assets Other
Net Debt	+ 0.97	Short Long Term Debt Total
Non Current Liabilities Total	+ 0.97	Short Long Term Debt Total

Non Current Liabilities Total	- 0.9	Good Will
Good Will	- 0.9	Long Term Debt
Good Will	- 0.89	Net Debt
Net Debt	- 0.88	Net Tangible Assets
Non Current Liabilities Total	- 0.87	Common Stock Total Equity
Common Stock Total Equity	- 0.87	Long Term Debt