Granada Historical Cash Flow
| GGM Stock | CAD 0.04 0.00 0.00% |
Analysis of Granada Gold cash flow over time is an excellent tool to project Granada Gold Mine future capital expenditures as well as to predict the amount of cash needed to cover cost of sales, R&D expenses or production expansions. Investors should almost always look for trends in cash flow indicators such as Other Cashflows From Financing Activities of 6.6 K or Depreciation of 40.6 K as it is a great indicator of Granada Gold ability to facilitate future growth, repay debt on time or pay out dividends.
Financial Statement Analysis is much more than just reviewing and examining Granada Gold Mine latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Granada Gold Mine is a good buy for the upcoming year.
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About Granada Cash Flow Analysis
The Cash Flow Statement is a financial statement that shows how changes in Granada balance sheet and income statement accounts affect cash and cash equivalents. It breaks the analysis down to operating, investing, and financing activities. One of the most critical aspects of the cash flow statement is liquidity, which is the degree to which Granada's non-liquid assets can be easily converted into cash.
Granada Gold Cash Flow Chart
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Begin Period Cash Flow
The amount of cash a company has at the beginning of a financial reporting period. It serves as the starting point for calculating the period's cash flow from operations, investing, and financing activities.Change To Inventory
The increase or decrease in the amount of inventory a company has over a certain period.Most accounts from Granada Gold's cash flow statement are interrelated and interconnected. However, analyzing cash flow statement accounts one by one will only give a small insight into Granada Gold Mine current financial condition. On the other hand, looking into the entire matrix of cash flow statement accounts, 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 Granada Gold Mine. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. At this time, Granada Gold's Change In Working Capital is fairly stable compared to the past year. Other Non Cash Items is likely to climb to about 250.9 K in 2024, whereas Free Cash Flow is likely to drop (116 K) in 2024.
Granada Gold cash flow statement Correlations
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Granada Gold Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Granada Gold cash flow statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change In Cash | 99.6K | (74.8K) | (60.9K) | (116.8K) | (105.1K) | (99.8K) | |
| Free Cash Flow | (2.2M) | (5.5M) | (1.9M) | (122.8K) | (110.5K) | (116.0K) | |
| Change In Working Capital | (358.2K) | (43.1K) | 1.1M | 1.9M | 2.2M | 2.3M | |
| Begin Period Cash Flow | 168.3K | 267.9K | 193.1K | 132.2K | 152.0K | 144.4K | |
| Other Cashflows From Financing Activities | (72.6K) | 1.2M | (159.8K) | 6K | 6.9K | 6.6K | |
| Depreciation | 45.0K | 44.8K | 53.5K | 41.9K | 48.1K | 40.6K | |
| Other Non Cash Items | 606.5K | (2.8M) | 1.1M | 187.6K | 168.8K | 250.9K | |
| Total Cash From Operating Activities | (2.1M) | (5.3M) | (1.8M) | (122.8K) | (110.5K) | (116.0K) | |
| Net Income | (3.7M) | (3.6M) | (4.1M) | (2.9M) | (2.6M) | (2.7M) | |
| Total Cash From Financing Activities | 2.9M | 1.6M | 2.3M | 5.1M | 1.8M | 0.0 | |
| End Period Cash Flow | 267.9K | 193.1K | 132.2K | 15.4K | 17.7K | 16.8K | |
| Stock Based Compensation | 377.1K | 158.1K | 0.0 | 28.6K | 25.8K | 24.5K | |
| Change To Account Receivables | (172.8K) | (977.7K) | 298.2K | 856.5K | 984.9K | 1.0M | |
| Change To Netincome | 2.2M | 1.9M | (1.7M) | 1.1M | 1.3M | 1.4M | |
| Change To Liabilities | 804.0K | (185.4K) | 943.6K | 862.2K | 991.6K | 1.0M |
Pair Trading with Granada Gold
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Granada Gold position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Granada Gold will appreciate offsetting losses from the drop in the long position's value.Moving together with Granada Stock
Moving against Granada Stock
| 0.61 | SLF-PC | Sun Life Financial | PairCorr |
| 0.5 | CSOC-A | Canso Select Opportu | PairCorr |
| 0.5 | SLF-PD | Sun Life Financial | PairCorr |
| 0.47 | HFPC-U | Helios Fairfax Partners | PairCorr |
The ability to find closely correlated positions to Granada Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Granada Gold when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Granada Gold - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Granada Gold Mine to buy it.
The correlation of Granada Gold is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Granada Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Granada Gold Mine moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Granada Gold can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Granada Stock Analysis
When running Granada Gold's price analysis, check to measure Granada Gold's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Granada Gold is operating at the current time. Most of Granada Gold's value examination focuses on studying past and present price action to predict the probability of Granada Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Granada Gold's price. Additionally, you may evaluate how the addition of Granada Gold to your portfolios can decrease your overall portfolio volatility.