Grindrod Total Current Liabilities vs Cash 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 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 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.
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 Grindrod Shipping Total Current Liabilities account and Cash. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Grindrod Shipping's Total Current Liabilities and Cash is 0.47. 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 Grindrod Shipping Holdings, assuming nothing else is changed. The correlation between historical values of Grindrod Shipping's 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 Grindrod Shipping Holdings 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., Grindrod Shipping's Total Current Liabilities and Cash go up and down completely randomly.
Correlation Coefficient | 0.47 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Total Current Liabilities
Total Current Liabilities is an item on Grindrod Shipping balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Grindrod Shipping Holdings 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 Grindrod Shipping, which is listed under current asset account on Grindrod Shipping Holdings balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Grindrod Shipping customers. The amounts must be unrestricted with restricted cash listed in a different Grindrod Shipping 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 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 |
Grindrod Shipping fundamental ratios Correlations
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Grindrod Shipping Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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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Try AI Portfolio ArchitectAdditional 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: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 Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
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.