Globe Common Stock vs Short Term Investments Analysis

GBE Stock

0.03 0 9.09%

Globe Metals financial indicator trend analysis is much more than just examining Globe Metals Mining latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Globe Metals Mining is a good investment. Please check the relationship between Globe Metals Common Stock and its Short Term Investments accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Globe Metals Mining. 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.

Common Stock vs Short Term Investments

Common Stock vs Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Globe Metals Mining Common Stock account and Short Term Investments. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Globe Metals' Common Stock and Short Term Investments is -0.04. Overlapping area represents the amount of variation of Common Stock that can explain the historical movement of Short Term Investments in the same time period over historical financial statements of Globe Metals Mining, assuming nothing else is changed. The correlation between historical values of Globe Metals' Common Stock and Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock of Globe Metals Mining are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Common Stock i.e., Globe Metals' Common Stock and Short Term Investments go up and down completely randomly.

Correlation Coefficient

-0.04

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Common Stock

Short Term Investments

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

Most indicators from Globe Metals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Globe Metals Mining 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 Globe Metals Mining. 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.

Selling General Administrative is likely to gain to about 1.3 M in 2025, whereas Issuance Of Capital Stock is likely to drop slightly above 3.3 M in 2025.

	2022	2024	2025 (projected)
Reconciled Depreciation	22K	18.9K	25.2K
Interest Income	347K	399.1K	419.0K

Reconciled Depreciation Interest Income

Globe Metals fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Other Current Assets	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Common Stock	Property Plant Equipment	Short Term Investments	Inventory	Non Currrent Assets Other	Net Tangible Assets	Other Stockholder Equity	Long Term Investments
Total Assets		0.04	0.77	1.0	0.6	-0.59	-0.77	0.61	0.6	0.85	0.6	0.18	0.14	0.05	0.26	0.77	0.17	0.61	0.88	0.14	0.08	0.71	0.55	-0.22	-0.15	-0.13
Other Current Liab	0.04		0.32	0.03	-0.06	-0.59	0.45	0.25	0.59	-0.33	0.59	0.89	0.12	-0.45	0.7	0.32	0.01	0.59	-0.3	0.05	0.39	-0.02	-0.61	0.76	-0.54	0.4
Total Current Liabilities	0.77	0.32		0.76	0.29	-0.71	-0.42	0.54	0.74	0.51	0.74	0.36	0.01	-0.25	0.39	1.0	-0.06	0.74	0.56	-0.07	0.25	0.73	0.19	0.07	-0.34	-0.06
Total Stockholder Equity	1.0	0.03	0.76		0.6	-0.59	-0.78	0.6	0.59	0.85	0.59	0.17	0.15	0.06	0.26	0.76	0.17	0.6	0.88	0.15	0.07	0.7	0.56	-0.23	-0.15	-0.13
Property Plant And Equipment Net	0.6	-0.06	0.29	0.6		-0.35	-0.49	0.7	0.34	0.63	0.34	0.22	0.04	0.29	0.21	0.29	0.15	0.34	0.64	0.11	0.32	0.19	0.36	-0.15	-0.14	-0.5
Net Debt	-0.59	-0.59	-0.71	-0.59	-0.35		-0.02	-0.74	-1.0	-0.15	-1.0	-0.6	0.17	0.51	-0.6	-0.71	0.33	-1.0	-0.23	0.32	-0.31	-0.64	0.25	-0.5	0.63	-0.31
Retained Earnings	-0.77	0.45	-0.42	-0.78	-0.49	-0.02		-0.27	0.01	-0.97	0.01	0.24	-0.25	-0.5	0.22	-0.42	-0.38	0.0	-0.95	-0.34	0.16	-0.36	-0.94	0.7	-0.33	0.44
Accounts Payable	0.61	0.25	0.54	0.6	0.7	-0.74	-0.27		0.73	0.39	0.73	0.48	0.0	0.03	0.26	0.54	-0.12	0.73	0.49	-0.14	0.36	0.29	0.15	0.09	-0.34	-0.23
Cash	0.6	0.59	0.74	0.59	0.34	-1.0	0.01	0.73		0.15	1.0	0.6	-0.16	-0.52	0.6	0.74	-0.32	1.0	0.23	-0.32	0.31	0.65	-0.25	0.5	-0.63	0.31
Non Current Assets Total	0.85	-0.33	0.51	0.85	0.63	-0.15	-0.97	0.39	0.15		0.15	-0.1	0.21	0.44	-0.06	0.51	0.33	0.16	0.99	0.3	-0.06	0.45	0.87	-0.58	0.19	-0.41
Cash And Short Term Investments	0.6	0.59	0.74	0.59	0.34	-1.0	0.01	0.73	1.0	0.15		0.6	-0.16	-0.52	0.6	0.74	-0.32	1.0	0.23	-0.32	0.31	0.65	-0.25	0.5	-0.63	0.31
Net Receivables	0.18	0.89	0.36	0.17	0.22	-0.6	0.24	0.48	0.6	-0.1	0.6		0.07	-0.29	0.67	0.36	0.02	0.6	-0.06	0.03	0.5	-0.11	-0.38	0.66	-0.59	0.15
Common Stock Total Equity	0.14	0.12	0.01	0.15	0.04	0.17	-0.25	0.0	-0.16	0.21	-0.16	0.07		0.65	0.1	0.01	0.94	-0.16	0.18	0.95	-0.31	-0.22	0.24	-0.45	0.54	-0.17
Common Stock Shares Outstanding	0.05	-0.45	-0.25	0.06	0.29	0.51	-0.5	0.03	-0.52	0.44	-0.52	-0.29	0.65		-0.47	-0.25	0.71	-0.51	0.42	0.68	-0.35	-0.4	0.67	-0.82	0.81	-0.6
Other Current Assets	0.26	0.7	0.39	0.26	0.21	-0.6	0.22	0.26	0.6	-0.06	0.6	0.67	0.1	-0.47		0.39	0.07	0.6	-0.07	0.1	0.3	0.28	-0.47	0.63	-0.7	0.44
Total Liab	0.77	0.32	1.0	0.76	0.29	-0.71	-0.42	0.54	0.74	0.51	0.74	0.36	0.01	-0.25	0.39		-0.06	0.74	0.56	-0.06	0.25	0.73	0.19	0.07	-0.34	-0.06
Property Plant And Equipment Gross	0.17	0.01	-0.06	0.17	0.15	0.33	-0.38	-0.12	-0.32	0.33	-0.32	0.02	0.94	0.71	0.07	-0.06		-0.32	0.28	1.0	-0.26	-0.28	0.37	-0.51	0.55	-0.29
Total Current Assets	0.61	0.59	0.74	0.6	0.34	-1.0	0.0	0.73	1.0	0.16	1.0	0.6	-0.16	-0.51	0.6	0.74	-0.32		0.24	-0.31	0.31	0.66	-0.24	0.49	-0.63	0.3
Common Stock	0.88	-0.3	0.56	0.88	0.64	-0.23	-0.95	0.49	0.23	0.99	0.23	-0.06	0.18	0.42	-0.07	0.56	0.28	0.24		0.24	-0.04	0.47	0.86	-0.56	0.16	-0.41
Property Plant Equipment	0.14	0.05	-0.07	0.15	0.11	0.32	-0.34	-0.14	-0.32	0.3	-0.32	0.03	0.95	0.68	0.1	-0.06	1.0	-0.31	0.24		-0.27	-0.29	0.33	-0.48	0.54	-0.25
Short Term Investments	0.08	0.39	0.25	0.07	0.32	-0.31	0.16	0.36	0.31	-0.06	0.31	0.5	-0.31	-0.35	0.3	0.25	-0.26	0.31	-0.04	-0.27		-0.05	-0.26	0.54	-0.59	-0.29
Inventory	0.71	-0.02	0.73	0.7	0.19	-0.64	-0.36	0.29	0.65	0.45	0.65	-0.11	-0.22	-0.4	0.28	0.73	-0.28	0.66	0.47	-0.29	-0.05		0.14	0.01	-0.27	0.25
Non Currrent Assets Other	0.55	-0.61	0.19	0.56	0.36	0.25	-0.94	0.15	-0.25	0.87	-0.25	-0.38	0.24	0.67	-0.47	0.19	0.37	-0.24	0.86	0.33	-0.26	0.14		-0.83	0.5	-0.51
Net Tangible Assets	-0.22	0.76	0.07	-0.23	-0.15	-0.5	0.7	0.09	0.5	-0.58	0.5	0.66	-0.45	-0.82	0.63	0.07	-0.51	0.49	-0.56	-0.48	0.54	0.01	-0.83		-0.83	0.54
Other Stockholder Equity	-0.15	-0.54	-0.34	-0.15	-0.14	0.63	-0.33	-0.34	-0.63	0.19	-0.63	-0.59	0.54	0.81	-0.7	-0.34	0.55	-0.63	0.16	0.54	-0.59	-0.27	0.5	-0.83		-0.37
Long Term Investments	-0.13	0.4	-0.06	-0.13	-0.5	-0.31	0.44	-0.23	0.31	-0.41	0.31	0.15	-0.17	-0.6	0.44	-0.06	-0.29	0.3	-0.41	-0.25	-0.29	0.25	-0.51	0.54	-0.37

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Globe Metals Account Relationship Matchups

Globe Metals fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	32.7M	30.9M	30.9M	33.0M	38.0M	21.9M
Other Current Liab	337K	302K	114K	30K	27K	25.7K
Total Current Liabilities	382K	1.4M	967K	275K	247.5K	433.8K
Total Stockholder Equity	32.3M	29.5M	29.9M	32.7M	37.7M	21.3M
Property Plant And Equipment Net	294K	286K	102K	31.7M	28.5M	30.0M
Net Debt	(2.8M)	616.0K	581K	(1.1M)	(1.3M)	(1.4M)
Retained Earnings	(48.5M)	(51.2M)	(53.9M)	(57.3M)	(51.6M)	(49.0M)
Cash	2.8M	431K	244K	1.1M	1.0M	980.7K
Non Current Assets Total	29.7M	30.3M	30.5M	31.7M	36.5M	38.3M
Cash And Short Term Investments	2.8M	431K	244K	1.1M	1.0M	980.7K
Net Receivables	57K	50K	108K	88K	79.2K	127.1K
Liabilities And Stockholders Equity	32.7M	30.9M	30.9M	33.0M	38.0M	36.4M
Other Current Assets	104K	114K	50K	57K	51.3K	48.7K
Total Liab	404K	1.4M	967K	275K	247.5K	434.8K
Property Plant And Equipment Gross	30.3M	30.9M	30.8M	31.7M	36.5M	24.3M
Total Current Assets	3.0M	595K	402K	1.3M	1.2M	1.1M
Accumulated Other Comprehensive Income	18K	(10K)	129K	511K	459.9K	447.6K
Property Plant Equipment	28.5M	29.7M	30.2M	30.5M	35.0M	23.6M
Inventory	61K	66K	8K	(88K)	(79.2K)	(75.2K)
Non Currrent Assets Other	28.3M	29.4M	30.0M	30.4M	34.9M	36.7M
Net Tangible Assets	33.7M	32.3M	29.5M	29.9M	26.9M	29.7M
Long Term Investments	52K	24K	12K	8K	7.2K	6.8K
Net Invested Capital	32.3M	30.5M	30.7M	32.7M	29.5M	27.0M
Net Working Capital	2.6M	(764K)	(565K)	1.0M	915.3K	869.5K

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