GROW Total Current Liabilities vs Non Current Assets Total Analysis

GROW Stock

USD 2.61 0.02 0.77%

US Global financial indicator trend analysis is much more than just breaking down US Global Investors prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether US Global Investors is a good investment. Please check the relationship between US Global Total Current Liabilities and its Non Current Assets Total accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in US Global Investors. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

Total Current Liabilities vs Non Current Assets Total

Total Current Liabilities vs Non Current Assets Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of US Global Investors Total Current Liabilities account and Non Current Assets Total. At this time, the significance of the direction appears to have almost identical trend.

The correlation between US Global's Total Current Liabilities and Non Current Assets Total is 0.98. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of US Global Investors, assuming nothing else is changed. The correlation between historical values of US Global's Total Current Liabilities and Non Current Assets Total 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 US Global Investors are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Total Current Liabilities i.e., US Global's Total Current Liabilities and Non Current Assets Total go up and down completely randomly.

Correlation Coefficient

0.98

Relationship Direction	Positive
Relationship Strength	Very Strong

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Total Current Liabilities

Total Current Liabilities is an item on US Global balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of US Global Investors 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.

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.

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

At this time, US Global's Selling General Administrative is fairly stable compared to the past year. Issuance Of Capital Stock is likely to climb to about 71.2 K in 2024, whereas Tax Provision is likely to drop slightly above 963.8 K in 2024.

US Global fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock
Total Assets		0.76	0.86	0.86	0.04	-0.05	0.84	-0.04	0.04	-0.16	0.17	0.91	-0.08	0.02	0.15	-0.78	-0.66	-0.32	-0.07	-0.02	-0.5	0.86	0.32	0.02	-0.62	-0.78
Short Long Term Debt Total	0.76		0.98	0.98	-0.57	0.31	0.98	0.52	-0.57	-0.43	-0.38	0.93	-0.05	-0.51	-0.16	-0.98	-0.86	-0.49	-0.05	-0.25	-0.49	0.98	-0.3	-0.52	-0.07	-0.98
Other Current Liab	0.86	0.98		1.0	-0.42	0.19	1.0	0.39	-0.42	-0.36	-0.24	0.98	-0.1	-0.39	-0.08	-0.98	-0.85	-0.49	-0.09	-0.2	-0.56	1.0	-0.12	-0.39	-0.25	-0.98
Total Current Liabilities	0.86	0.98	1.0		-0.42	0.19	1.0	0.4	-0.42	-0.36	-0.24	0.98	-0.1	-0.39	-0.08	-0.98	-0.85	-0.49	-0.1	-0.2	-0.56	1.0	-0.13	-0.4	-0.25	-0.98
Total Stockholder Equity	0.04	-0.57	-0.42	-0.42		-0.44	-0.41	-0.91	1.0	0.56	0.91	-0.31	0.02	0.94	0.42	0.52	0.58	0.29	0.03	0.4	0.13	-0.42	0.94	0.96	-0.7	0.52
Property Plant And Equipment Net	-0.05	0.31	0.19	0.19	-0.44		0.18	0.3	-0.43	-0.55	-0.33	0.11	0.58	-0.34	-0.02	-0.27	-0.18	-0.12	0.62	-0.1	0.37	0.18	-0.49	-0.36	0.63	-0.27
Current Deferred Revenue	0.84	0.98	1.0	1.0	-0.41	0.18		0.39	-0.41	-0.32	-0.22	0.97	-0.11	-0.36	-0.1	-0.97	-0.82	-0.49	-0.11	-0.2	-0.55	1.0	-0.11	-0.37	-0.25	-0.97
Net Debt	-0.04	0.52	0.39	0.4	-0.91	0.3	0.39		-0.92	-0.39	-0.96	0.31	-0.31	-0.9	-0.2	-0.48	-0.49	-0.11	-0.34	-0.3	-0.13	0.39	-0.83	-0.9	0.58	-0.48
Retained Earnings	0.04	-0.57	-0.42	-0.42	1.0	-0.43	-0.41	-0.92		0.57	0.92	-0.32	0.03	0.96	0.37	0.52	0.58	0.3	0.04	0.42	0.12	-0.42	0.94	0.97	-0.7	0.53
Accounts Payable	-0.16	-0.43	-0.36	-0.36	0.56	-0.55	-0.32	-0.39	0.57		0.45	-0.35	-0.4	0.63	-0.09	0.43	0.49	0.51	-0.5	0.29	-0.02	-0.35	0.53	0.62	-0.42	0.43
Cash	0.17	-0.38	-0.24	-0.24	0.91	-0.33	-0.22	-0.96	0.92	0.45		-0.18	0.23	0.94	0.17	0.35	0.46	0.04	0.25	0.31	0.06	-0.24	0.9	0.93	-0.69	0.35
Non Current Assets Total	0.91	0.93	0.98	0.98	-0.31	0.11	0.97	0.31	-0.32	-0.35	-0.18		-0.1	-0.34	0.06	-0.95	-0.85	-0.51	-0.1	-0.17	-0.59	0.98	-0.02	-0.34	-0.36	-0.95
Non Currrent Assets Other	-0.08	-0.05	-0.1	-0.1	0.02	0.58	-0.11	-0.31	0.03	-0.4	0.23	-0.1		0.05	-0.12	0.07	0.11	-0.38	0.93	-0.04	0.44	-0.11	-0.1	0.02	0.31	0.07
Cash And Short Term Investments	0.02	-0.51	-0.39	-0.39	0.94	-0.34	-0.36	-0.9	0.96	0.63	0.94	-0.34	0.05		0.18	0.49	0.6	0.37	0.06	0.44	0.17	-0.39	0.9	1.0	-0.63	0.5
Net Receivables	0.15	-0.16	-0.08	-0.08	0.42	-0.02	-0.1	-0.2	0.37	-0.09	0.17	0.06	-0.12	0.18		0.08	0.07	0.06	-0.07	-0.06	-0.05	-0.07	0.41	0.25	-0.34	0.08
Common Stock Total Equity	-0.78	-0.98	-0.98	-0.98	0.52	-0.27	-0.97	-0.48	0.52	0.43	0.35	-0.95	0.07	0.49	0.08		0.92	0.52	0.07	0.25	0.6	-0.98	0.25	0.5	0.14	1.0
Common Stock Shares Outstanding	-0.66	-0.86	-0.85	-0.85	0.58	-0.18	-0.82	-0.49	0.58	0.49	0.46	-0.85	0.11	0.6	0.07	0.92		0.47	0.11	0.3	0.71	-0.86	0.35	0.6	0.06	0.92
Short Term Investments	-0.32	-0.49	-0.49	-0.49	0.29	-0.12	-0.49	-0.11	0.3	0.51	0.04	-0.51	-0.38	0.37	0.06	0.52	0.47		-0.39	0.42	0.38	-0.5	0.17	0.36	0.04	0.51
Non Current Liabilities Total	-0.07	-0.05	-0.09	-0.1	0.03	0.62	-0.11	-0.34	0.04	-0.5	0.25	-0.1	0.93	0.06	-0.07	0.07	0.11	-0.39		-0.03	0.44	-0.1	-0.09	0.04	0.31	0.07
Other Current Assets	-0.02	-0.25	-0.2	-0.2	0.4	-0.1	-0.2	-0.3	0.42	0.29	0.31	-0.17	-0.04	0.44	-0.06	0.25	0.3	0.42	-0.03		0.11	-0.2	0.36	0.41	-0.21	0.25
Other Stockholder Equity	-0.5	-0.49	-0.56	-0.56	0.13	0.37	-0.55	-0.13	0.12	-0.02	0.06	-0.59	0.44	0.17	-0.05	0.6	0.71	0.38	0.44	0.11		-0.57	-0.1	0.15	0.48	0.6
Total Liab	0.86	0.98	1.0	1.0	-0.42	0.18	1.0	0.39	-0.42	-0.35	-0.24	0.98	-0.11	-0.39	-0.07	-0.98	-0.86	-0.5	-0.1	-0.2	-0.57		-0.12	-0.39	-0.26	-0.98
Property Plant And Equipment Gross	0.32	-0.3	-0.12	-0.13	0.94	-0.49	-0.11	-0.83	0.94	0.53	0.9	-0.02	-0.1	0.9	0.41	0.25	0.35	0.17	-0.09	0.36	-0.1	-0.12		0.92	-0.88	0.25
Total Current Assets	0.02	-0.52	-0.39	-0.4	0.96	-0.36	-0.37	-0.9	0.97	0.62	0.93	-0.34	0.02	1.0	0.25	0.5	0.6	0.36	0.04	0.41	0.15	-0.39	0.92		-0.65	0.5
Short Term Debt	-0.62	-0.07	-0.25	-0.25	-0.7	0.63	-0.25	0.58	-0.7	-0.42	-0.69	-0.36	0.31	-0.63	-0.34	0.14	0.06	0.04	0.31	-0.21	0.48	-0.26	-0.88	-0.65		0.13
Common Stock	-0.78	-0.98	-0.98	-0.98	0.52	-0.27	-0.97	-0.48	0.53	0.43	0.35	-0.95	0.07	0.5	0.08	1.0	0.92	0.51	0.07	0.25	0.6	-0.98	0.25	0.5	0.13

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US Global Account Relationship Matchups

US Global fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	18.8M	62.3M	60.7M	55.7M	64.0M	35.7M
Other Current Liab	1.4M	4.8M	3.6M	2.8M	2.5M	2.4M
Total Current Liabilities	2.0M	5.2M	4.1M	2.9M	2.6M	2.5M
Total Stockholder Equity	16.8M	54.3M	56.5M	52.2M	60.0M	63.0M
Property Plant And Equipment Net	1.6M	1.4M	1.5M	1.2M	1.1M	1.9M
Net Debt	(1.4M)	(14.4M)	(22.2M)	(25.3M)	(22.8M)	(21.7M)
Retained Earnings	2.6M	33.8M	38.0M	37.7M	43.4M	45.6M
Accounts Payable	142K	327K	533K	629K	723.4K	759.5K
Cash	1.9M	14.4M	22.3M	25.4M	29.2M	30.7M
Non Current Assets Total	8.3M	35.5M	22.7M	15.3M	13.8M	10.2M
Non Currrent Assets Other	92K	99K	216K	217K	249.6K	237.1K
Cash And Short Term Investments	8.3M	20.8M	34.5M	37.0M	42.6M	44.7M
Net Receivables	974K	4.7M	2.2M	1.8M	1.6M	2.4M
Common Stock Shares Outstanding	15.1M	15.1M	15.0M	14.6M	16.8M	16.3M
Liabilities And Stockholders Equity	18.8M	62.3M	60.7M	55.7M	64.0M	35.7M
Non Current Liabilities Total	43K	2.8M	66K	538K	618.7K	587.8K
Other Current Assets	7.6M	9.8M	1.4M	13.7M	12.4M	11.7M
Other Stockholder Equity	13.7M	13.5M	13.8M	12.7M	14.6M	13.5M
Total Liab	2.1M	8.0M	4.2M	3.5M	3.1M	3.0M
Property Plant And Equipment Gross	1.6M	5.5M	5.7M	5.7M	6.5M	6.8M
Total Current Assets	10.5M	26.8M	38.0M	40.4M	46.4M	48.8M
Accumulated Other Comprehensive Income	(4K)	6.6M	4.3M	1.3M	1.6M	1.6M
Other Assets	72K	92K	99K	468K	421.2K	555.2K
Inventory	(6.3M)	(8.5M)	1.0	(12.2M)	(14.1M)	(14.8M)
Property Plant Equipment	1.7M	1.6M	1.4M	1.5M	1.3M	1.9M
Net Tangible Assets	21.7M	16.8M	54.3M	56.5M	65.0M	36.2M
Deferred Long Term Liab	133K	7K	4K	9K	10.4K	9.8K
Long Term Investments	6.6M	34.0M	20.7M	12.0M	13.8M	12.6M

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GROW Total Current Liabilities vs Non Current Assets Total Analysis

Total Current Liabilities vs Non Current Assets Total

Total Current Liabilities vs Non Current Assets Total Correlation Analysis

Correlation Coefficient

Total Current Liabilities

Non Current Assets Total

US Global fundamental ratios Correlations

US Global Account Relationship Matchups

High Positive Relationship

High Negative Relationship

US Global fundamental ratios Accounts

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Total Current Liabilities	+ 1.0	Other Current Liab
Current Deferred Revenue	+ 1.0	Other Current Liab
Total Liab	+ 1.0	Other Current Liab
Current Deferred Revenue	+ 1.0	Total Current Liabilities
Total Liab	+ 1.0	Total Current Liabilities
Retained Earnings	+ 1.0	Total Stockholder Equity

Common Stock	- 0.98	Total Liab
Total Liab	- 0.98	Common Stock Total Equity
Common Stock	- 0.98	Total Current Liabilities
Common Stock Total Equity	- 0.98	Total Current Liabilities
Common Stock	- 0.98	Other Current Liab
Common Stock Total Equity	- 0.98	Other Current Liab