Geodrill Inventory vs Total Assets Analysis

GEO Stock

CAD 3.20 0.02 0.63%

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

Inventory vs Total Assets

Inventory vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Geodrill Limited Inventory account and Total Assets. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Geodrill's Inventory and Total Assets is 0.86. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Total Assets in the same time period over historical financial statements of Geodrill Limited, assuming nothing else is changed. The correlation between historical values of Geodrill's Inventory and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory of Geodrill Limited are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Inventory i.e., Geodrill's Inventory and Total Assets go up and down completely randomly.

Correlation Coefficient

0.86

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Inventory

Total Assets

Total assets refers to the total amount of Geodrill assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Geodrill Limited books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Most indicators from Geodrill's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Geodrill Limited 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 Geodrill Limited. 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, Geodrill's Tax Provision is very stable compared to the past year. As of the 16th of February 2025, Enterprise Value Over EBITDA is likely to grow to 4.19, while Selling General Administrative is likely to drop about 16.9 M.

	2022	2023	2024	2025 (projected)
Interest Expense	690.8K	927.1K	834.4K	619.7K
Depreciation And Amortization	10.0M	11.1M	12.8M	8.5M

Interest Expense Depreciation And Amortization

Geodrill 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 Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock Total Equity	Common Stock
Total Assets		-0.19	0.78	0.82	1.0	0.94	0.74	-0.7	0.84	0.8	0.8	0.94	-0.57	0.93	0.83	0.86	0.26	0.86	0.04	-0.26	0.97	0.82	0.86	-0.47	0.83	0.92
Short Long Term Debt Total	-0.19		-0.51	-0.4	-0.2	0.01	-0.21	0.74	-0.42	-0.43	-0.41	0.0	0.1	-0.24	-0.47	-0.13	0.46	-0.33	0.09	0.08	-0.15	-0.35	-0.41	0.67	-0.48	-0.46
Other Current Liab	0.78	-0.51		0.96	0.77	0.72	0.5	-0.86	0.97	0.89	0.93	0.73	-0.58	0.76	0.9	0.7	0.16	0.94	0.08	-0.32	0.77	0.95	0.95	-0.63	0.84	0.86
Total Current Liabilities	0.82	-0.4	0.96		0.81	0.77	0.53	-0.8	0.96	0.96	0.92	0.78	-0.56	0.75	0.94	0.76	0.15	0.97	-0.06	-0.39	0.82	0.93	0.97	-0.55	0.85	0.86
Total Stockholder Equity	1.0	-0.2	0.77	0.81		0.93	0.73	-0.71	0.84	0.79	0.8	0.93	-0.56	0.93	0.82	0.87	0.22	0.86	0.05	-0.25	0.95	0.82	0.86	-0.47	0.82	0.92
Property Plant And Equipment Net	0.94	0.01	0.72	0.77	0.93		0.64	-0.53	0.78	0.7	0.73	1.0	-0.54	0.82	0.7	0.84	0.31	0.81	-0.05	-0.27	0.92	0.77	0.76	-0.21	0.72	0.82
Current Deferred Revenue	0.74	-0.21	0.5	0.53	0.73	0.64		-0.51	0.58	0.56	0.51	0.64	-0.26	0.7	0.63	0.57	0.36	0.56	0.09	-0.15	0.74	0.49	0.6	-0.44	0.7	0.65
Net Debt	-0.7	0.74	-0.86	-0.8	-0.71	-0.53	-0.51		-0.83	-0.81	-0.9	-0.54	0.45	-0.78	-0.83	-0.61	0.04	-0.79	0.02	0.13	-0.65	-0.77	-0.85	0.73	-0.75	-0.81
Retained Earnings	0.84	-0.42	0.97	0.96	0.84	0.78	0.58	-0.83		0.91	0.93	0.78	-0.63	0.8	0.95	0.72	0.23	0.97	0.07	-0.35	0.82	0.98	0.98	-0.62	0.85	0.89
Accounts Payable	0.8	-0.43	0.89	0.96	0.79	0.7	0.56	-0.81	0.91		0.88	0.7	-0.5	0.76	0.96	0.77	0.11	0.94	-0.1	-0.41	0.81	0.84	0.95	-0.61	0.86	0.83
Cash	0.8	-0.41	0.93	0.92	0.8	0.73	0.51	-0.9	0.93	0.88		0.73	-0.56	0.85	0.87	0.77	0.21	0.93	0.02	-0.19	0.77	0.89	0.94	-0.57	0.78	0.83
Non Current Assets Total	0.94	0.0	0.73	0.78	0.93	1.0	0.64	-0.54	0.78	0.7	0.73		-0.54	0.82	0.7	0.84	0.3	0.81	-0.06	-0.27	0.92	0.77	0.76	-0.22	0.73	0.83
Non Currrent Assets Other	-0.57	0.1	-0.58	-0.56	-0.56	-0.54	-0.26	0.45	-0.63	-0.5	-0.56	-0.54		-0.58	-0.51	-0.38	-0.45	-0.59	-0.43	0.01	-0.58	-0.64	-0.59	0.28	-0.36	-0.52
Cash And Short Term Investments	0.93	-0.24	0.76	0.75	0.93	0.82	0.7	-0.78	0.8	0.76	0.85	0.82	-0.58		0.78	0.8	0.3	0.81	0.15	-0.17	0.9	0.78	0.83	-0.55	0.78	0.87
Net Receivables	0.83	-0.47	0.9	0.94	0.82	0.7	0.63	-0.83	0.95	0.96	0.87	0.7	-0.51	0.78		0.71	0.16	0.94	0.01	-0.39	0.81	0.9	0.98	-0.72	0.88	0.88
Common Stock Shares Outstanding	0.86	-0.13	0.7	0.76	0.87	0.84	0.57	-0.61	0.72	0.77	0.77	0.84	-0.38	0.8	0.71		0.12	0.83	0.0	-0.05	0.8	0.67	0.79	-0.26	0.75	0.73
Non Current Liabilities Total	0.26	0.46	0.16	0.15	0.22	0.31	0.36	0.04	0.23	0.11	0.21	0.3	-0.45	0.3	0.16	0.12		0.2	0.49	0.14	0.35	0.23	0.22	-0.04	0.08	0.09
Inventory	0.86	-0.33	0.94	0.97	0.86	0.81	0.56	-0.79	0.97	0.94	0.93	0.81	-0.59	0.81	0.94	0.83	0.2		0.05	-0.35	0.82	0.95	0.98	-0.54	0.84	0.86
Other Current Assets	0.04	0.09	0.08	-0.06	0.05	-0.05	0.09	0.02	0.07	-0.1	0.02	-0.06	-0.43	0.15	0.01	0.0	0.49	0.05		0.44	0.02	0.14	0.09	-0.21	-0.03	-0.04
Other Stockholder Equity	-0.26	0.08	-0.32	-0.39	-0.25	-0.27	-0.15	0.13	-0.35	-0.41	-0.19	-0.27	0.01	-0.17	-0.39	-0.05	0.14	-0.35	0.44		-0.29	-0.39	-0.31	0.28	-0.42	-0.38
Total Liab	0.97	-0.15	0.77	0.82	0.95	0.92	0.74	-0.65	0.82	0.81	0.77	0.92	-0.58	0.9	0.81	0.8	0.35	0.82	0.02	-0.29		0.79	0.83	-0.45	0.81	0.9
Property Plant And Equipment Gross	0.82	-0.35	0.95	0.93	0.82	0.77	0.49	-0.77	0.98	0.84	0.89	0.77	-0.64	0.78	0.9	0.67	0.23	0.95	0.14	-0.39	0.79		0.94	-0.63	0.8	0.88
Total Current Assets	0.86	-0.41	0.95	0.97	0.86	0.76	0.6	-0.85	0.98	0.95	0.94	0.76	-0.59	0.83	0.98	0.79	0.22	0.98	0.09	-0.31	0.83	0.94		-0.65	0.87	0.88
Short Term Debt	-0.47	0.67	-0.63	-0.55	-0.47	-0.21	-0.44	0.73	-0.62	-0.61	-0.57	-0.22	0.28	-0.55	-0.72	-0.26	-0.04	-0.54	-0.21	0.28	-0.45	-0.63	-0.65		-0.62	-0.65
Common Stock Total Equity	0.83	-0.48	0.84	0.85	0.82	0.72	0.7	-0.75	0.85	0.86	0.78	0.73	-0.36	0.78	0.88	0.75	0.08	0.84	-0.03	-0.42	0.81	0.8	0.87	-0.62		0.92
Common Stock	0.92	-0.46	0.86	0.86	0.92	0.82	0.65	-0.81	0.89	0.83	0.83	0.83	-0.52	0.87	0.88	0.73	0.09	0.86	-0.04	-0.38	0.9	0.88	0.88	-0.65	0.92

Click cells to compare fundamentals

Geodrill Account Relationship Matchups

Geodrill fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	98.3M	116.6M	141.2M	148.6M	170.9M	93.2M
Short Long Term Debt Total	3.7M	7.6M	5.8M	978.3K	880.5K	836.4K
Other Current Liab	6.7M	12.7M	12.5M	21.3M	24.5M	25.7M
Total Current Liabilities	21.6M	22.3M	28.3M	35.6M	40.9M	43.0M
Total Stockholder Equity	73.1M	87.5M	107.1M	110.1M	126.6M	69.5M
Property Plant And Equipment Net	43.1M	49.9M	58.4M	63.0M	72.4M	46.4M
Net Debt	(2.8M)	(1.7M)	(8.6M)	(14.7M)	(13.2M)	(12.5M)
Retained Earnings	45.4M	58.8M	75.6M	78.1M	89.8M	94.3M
Accounts Payable	9.3M	7.1M	9.4M	11.7M	13.4M	14.1M
Cash	6.6M	9.3M	14.4M	15.6M	18.0M	18.9M
Non Current Assets Total	43.1M	49.9M	58.4M	63.8M	73.4M	46.4M
Non Currrent Assets Other	42.2M	(43.1M)	(49.9M)	(58.4M)	(52.5M)	(49.9M)
Cash And Short Term Investments	8.6M	13.5M	15.1M	15.8M	18.2M	9.1M
Net Receivables	22.7M	23.7M	34.3M	32.7M	37.6M	39.4M
Common Stock Shares Outstanding	44.9M	45.3M	47.0M	47.7M	54.8M	46.8M
Liabilities And Stockholders Equity	98.3M	116.6M	141.2M	148.6M	170.9M	93.2M
Non Current Liabilities Total	3.6M	6.7M	5.8M	3.0M	3.5M	4.4M
Inventory	22.5M	27.8M	31.6M	35.2M	40.5M	42.5M
Other Current Assets	1.5M	8.4M	1.9M	1.1M	1.3M	2.4M
Other Stockholder Equity	4.4M	1.0	(2.0)	3.4M	(1.8)	(1.71)
Total Liab	25.3M	29.0M	34.2M	38.6M	44.4M	23.7M
Property Plant And Equipment Gross	43.1M	127.6M	140.9M	149.7M	172.2M	180.8M
Total Current Assets	55.3M	66.7M	82.9M	84.8M	97.5M	102.4M
Accumulated Other Comprehensive Income	4.3M	3.9M	3.4M	3.7M	3.4M	3.5M
Short Term Debt	3.4M	302.8K	620.0K	437.9K	394.1K	374.4K
Common Stock	23.4M	24.9M	28.1M	28.3M	32.5M	25.5M
Other Liab	3.4M	3.3M	3.4M	3.3M	3.8M	2.8M
Net Tangible Assets	65.8M	73.1M	87.5M	107.1M	123.1M	72.9M
Long Term Debt	0.0	2.9M	2.0M	333.3K	300K	285K
Property Plant Equipment	42.2M	43.1M	49.9M	58.4M	67.1M	47.4M
Long Term Debt Total	1.2M	321.9K	3.3M	2.6M	2.3M	1.9M
Net Invested Capital	76.1M	90.5M	109.1M	110.5M	127.0M	92.4M
Net Working Capital	33.6M	44.4M	54.5M	49.2M	56.5M	40.2M
Capital Stock	23.4M	24.9M	28.1M	28.3M	32.5M	27.5M
Short Term Investments	2.1M	4.3M	720.5K	174.6K	157.2K	149.3K
Capital Lease Obligations	665.9K	708.7K	1.2M	645.0K	741.7K	807.3K

Pair Trading with Geodrill

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 Geodrill 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 Geodrill will appreciate offsetting losses from the drop in the long position's value.

Moving together with Geodrill Stock

0.67

FDR

Flinders Resources

Pair Corr

Moving against Geodrill Stock

0.81	FDY	Faraday Copper Corp	Pair Corr
0.79	IE	Ivanhoe Energy	Pair Corr
0.56	INFM	Infinico Metals Corp	Pair Corr
0.45	AG	First Majestic Silver	Pair Corr
0.42	VZ	Verizon Communications	Pair Corr

The ability to find closely correlated positions to Geodrill could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Geodrill 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 Geodrill - 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 Geodrill Limited to buy it.

The correlation of Geodrill 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 Geodrill moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Geodrill Limited 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 Geodrill 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.

Pair Correlation Correlation Matching

Other Information on Investing in Geodrill Stock

Balance Sheet is a snapshot of the financial position of Geodrill Limited at a specified time, usually calculated after every quarter, six months, or one year. Geodrill Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Geodrill and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Geodrill currently owns. An asset can also be divided into two categories, current and non-current.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Geodrill Inventory vs Total Assets Analysis

Inventory vs Total Assets

Inventory vs Total Assets Correlation Analysis

Correlation Coefficient

Inventory

Total Assets

Geodrill fundamental ratios Correlations

Geodrill Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Geodrill fundamental ratios Accounts

Pair Trading with Geodrill

Moving together with Geodrill Stock

Moving against Geodrill Stock

Other Information on Investing in Geodrill Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Property Plant And Equipment Gross	+ 0.98	Retained Earnings
Total Current Assets	+ 0.98	Retained Earnings
Total Current Assets	+ 0.98	Net Receivables
Total Current Assets	+ 0.98	Inventory

Cash	- 0.9	Net Debt
Net Debt	- 0.86	Other Current Liab
Total Current Assets	- 0.85	Net Debt
Net Receivables	- 0.83	Net Debt
Retained Earnings	- 0.83	Net Debt
Common Stock	- 0.81	Net Debt