Geodrill Short Term Debt vs Common Stock Analysis

GEO Stock

CAD 2.84 0.05 1.73%

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 Short Term Debt and its Common Stock 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.

Short Term Debt vs Common Stock

Short Term Debt vs Common Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Geodrill Limited Short Term Debt account and Common Stock. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Geodrill's Short Term Debt and Common Stock is -0.67. Overlapping area represents the amount of variation of Short Term Debt that can explain the historical movement of Common Stock 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 Short Term Debt and Common Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Debt of Geodrill Limited are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Short Term Debt i.e., Geodrill's Short Term Debt and Common Stock go up and down completely randomly.

Correlation Coefficient

-0.67

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

Short Term Debt

Common Stock

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 28th of November 2024, Enterprise Value Over EBITDA is likely to grow to 4.19, while Selling General Administrative is likely to drop about 16.9 M.

	2021	2022	2023	2024 (projected)
Interest Expense	654.2K	690.8K	927.1K	619.7K
Depreciation And Amortization	9.0M	10.0M	11.1M	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		0.0	0.74	0.96	1.0	0.91	0.74	-0.6	0.97	0.88	0.88	0.91	-0.53	0.91	0.91	0.79	0.37	0.99	0.12	-0.2	0.96	0.81	0.98	-0.4	0.81	0.89
Short Long Term Debt Total	0.0		-0.4	-0.06	-0.02	0.26	-0.15	0.7	-0.12	-0.15	-0.13	0.25	0.0	-0.09	-0.22	0.09	0.46	0.01	0.11	0.02	0.06	-0.2	-0.12	0.64	-0.46	-0.33
Other Current Liab	0.74	-0.4		0.73	0.74	0.66	0.49	-0.85	0.76	0.63	0.71	0.66	-0.55	0.72	0.67	0.59	0.24	0.72	0.08	-0.27	0.72	0.93	0.73	-0.6	0.87	0.86
Total Current Liabilities	0.96	-0.06	0.73		0.94	0.85	0.71	-0.6	0.93	0.93	0.83	0.86	-0.47	0.84	0.91	0.71	0.25	0.94	-0.03	-0.3	0.97	0.76	0.94	-0.4	0.86	0.87
Total Stockholder Equity	1.0	-0.02	0.74	0.94		0.9	0.72	-0.61	0.97	0.86	0.88	0.9	-0.51	0.91	0.9	0.8	0.32	0.99	0.12	-0.18	0.93	0.81	0.97	-0.4	0.8	0.89
Property Plant And Equipment Net	0.91	0.26	0.66	0.85	0.9		0.61	-0.39	0.84	0.69	0.74	1.0	-0.49	0.74	0.68	0.76	0.43	0.89	0.0	-0.2	0.88	0.74	0.79	-0.07	0.65	0.72
Current Deferred Revenue	0.74	-0.15	0.49	0.71	0.72	0.61		-0.46	0.75	0.68	0.62	0.61	-0.22	0.67	0.76	0.49	0.37	0.7	0.13	-0.12	0.74	0.47	0.75	-0.4	0.69	0.65
Net Debt	-0.6	0.7	-0.85	-0.6	-0.61	-0.39	-0.46		-0.64	-0.6	-0.75	-0.39	0.38	-0.7	-0.64	-0.5	0.01	-0.58	0.05	0.07	-0.54	-0.72	-0.66	0.7	-0.8	-0.79
Retained Earnings	0.97	-0.12	0.76	0.93	0.97	0.84	0.75	-0.64		0.83	0.85	0.85	-0.57	0.89	0.92	0.64	0.34	0.95	0.16	-0.24	0.93	0.84	0.97	-0.51	0.83	0.94
Accounts Payable	0.88	-0.15	0.63	0.93	0.86	0.69	0.68	-0.6	0.83		0.78	0.69	-0.37	0.8	0.93	0.71	0.17	0.89	-0.08	-0.32	0.89	0.62	0.92	-0.48	0.82	0.8
Cash	0.88	-0.13	0.71	0.83	0.88	0.74	0.62	-0.75	0.85	0.78		0.75	-0.47	0.96	0.78	0.72	0.32	0.86	0.07	-0.01	0.84	0.71	0.88	-0.44	0.73	0.81
Non Current Assets Total	0.91	0.25	0.66	0.86	0.9	1.0	0.61	-0.39	0.85	0.69	0.75		-0.49	0.75	0.68	0.76	0.42	0.89	0.0	-0.21	0.88	0.74	0.8	-0.07	0.66	0.73
Non Currrent Assets Other	-0.53	0.0	-0.55	-0.47	-0.51	-0.49	-0.22	0.38	-0.57	-0.37	-0.47	-0.49		-0.53	-0.39	-0.29	-0.49	-0.5	-0.44	-0.05	-0.55	-0.61	-0.51	0.22	-0.34	-0.49
Cash And Short Term Investments	0.91	-0.09	0.72	0.84	0.91	0.74	0.67	-0.7	0.89	0.8	0.96	0.75	-0.53		0.82	0.72	0.39	0.9	0.23	-0.09	0.86	0.75	0.93	-0.5	0.75	0.83
Net Receivables	0.91	-0.22	0.67	0.91	0.9	0.68	0.76	-0.64	0.92	0.93	0.78	0.68	-0.39	0.82		0.62	0.22	0.89	0.06	-0.29	0.88	0.72	0.96	-0.63	0.83	0.91
Common Stock Shares Outstanding	0.79	0.09	0.59	0.71	0.8	0.76	0.49	-0.5	0.64	0.71	0.72	0.76	-0.29	0.72	0.62		0.2	0.81	0.05	0.07	0.7	0.57	0.75	-0.13	0.56	0.57
Non Current Liabilities Total	0.37	0.46	0.24	0.25	0.32	0.43	0.37	0.01	0.34	0.17	0.32	0.42	-0.49	0.39	0.22	0.2		0.29	0.47	0.13	0.48	0.31	0.32	-0.07	0.06	0.2
Inventory	0.99	0.01	0.72	0.94	0.99	0.89	0.7	-0.58	0.95	0.89	0.86	0.89	-0.5	0.9	0.89	0.81	0.29		0.12	-0.23	0.93	0.79	0.97	-0.39	0.8	0.86
Other Current Assets	0.12	0.11	0.08	-0.03	0.12	0.0	0.13	0.05	0.16	-0.08	0.07	0.0	-0.44	0.23	0.06	0.05	0.47	0.12		0.46	0.1	0.15	0.17	-0.21	-0.07	0.01
Other Stockholder Equity	-0.2	0.02	-0.27	-0.3	-0.18	-0.2	-0.12	0.07	-0.24	-0.32	-0.01	-0.21	-0.05	-0.09	-0.29	0.07	0.13	-0.23	0.46		-0.23	-0.35	-0.18	0.24	-0.41	-0.36
Total Liab	0.96	0.06	0.72	0.97	0.93	0.88	0.74	-0.54	0.93	0.89	0.84	0.88	-0.55	0.86	0.88	0.7	0.48	0.93	0.1	-0.23		0.76	0.93	-0.38	0.79	0.84
Property Plant And Equipment Gross	0.81	-0.2	0.93	0.76	0.81	0.74	0.47	-0.72	0.84	0.62	0.71	0.74	-0.61	0.75	0.72	0.57	0.31	0.79	0.15	-0.35	0.76		0.78	-0.58	0.78	0.9
Total Current Assets	0.98	-0.12	0.73	0.94	0.97	0.79	0.75	-0.66	0.97	0.92	0.88	0.8	-0.51	0.93	0.96	0.75	0.32	0.97	0.17	-0.18	0.93	0.78		-0.54	0.83	0.91
Short Term Debt	-0.4	0.64	-0.6	-0.4	-0.4	-0.07	-0.4	0.7	-0.51	-0.48	-0.44	-0.07	0.22	-0.5	-0.63	-0.13	-0.07	-0.39	-0.21	0.24	-0.38	-0.58	-0.54		-0.61	-0.67
Common Stock Total Equity	0.81	-0.46	0.87	0.86	0.8	0.65	0.69	-0.8	0.83	0.82	0.73	0.66	-0.34	0.75	0.83	0.56	0.06	0.8	-0.07	-0.41	0.79	0.78	0.83	-0.61		0.89
Common Stock	0.89	-0.33	0.86	0.87	0.89	0.72	0.65	-0.79	0.94	0.8	0.81	0.73	-0.49	0.83	0.91	0.57	0.2	0.86	0.01	-0.36	0.84	0.9	0.91	-0.67	0.89

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Geodrill Account Relationship Matchups

Geodrill fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	86.7M	98.3M	116.6M	141.2M	148.6M	93.2M
Short Long Term Debt Total	3.8M	3.7M	7.6M	5.8M	978.3K	929.4K
Other Current Liab	8.2M	6.7M	12.7M	12.5M	21.3M	22.3M
Total Current Liabilities	16.3M	21.6M	22.3M	28.3M	35.6M	19.3M
Total Stockholder Equity	65.8M	73.1M	87.5M	107.1M	110.1M	69.5M
Property Plant And Equipment Net	42.2M	43.1M	49.9M	58.4M	63.0M	46.4M
Net Debt	(6.7M)	(2.8M)	(1.7M)	(8.6M)	(14.7M)	(13.9M)
Retained Earnings	38.2M	45.4M	58.8M	75.6M	78.1M	42.4M
Accounts Payable	5.5M	9.3M	7.1M	9.4M	11.7M	6.0M
Cash	10.6M	6.6M	9.3M	14.4M	15.6M	8.6M
Non Current Assets Total	42.2M	43.1M	49.9M	58.4M	63.8M	46.4M
Non Currrent Assets Other	42.2M	(43.1M)	(49.9M)	(58.4M)	(52.5M)	(49.9M)
Cash And Short Term Investments	11.0M	8.6M	13.5M	15.1M	15.8M	9.1M
Net Receivables	15.2M	22.7M	23.7M	34.3M	32.7M	16.3M
Common Stock Shares Outstanding	44.6M	44.9M	45.3M	47.0M	47.7M	46.8M
Liabilities And Stockholders Equity	86.7M	98.3M	116.6M	141.2M	148.6M	93.2M
Non Current Liabilities Total	4.6M	3.6M	6.7M	5.8M	3.0M	4.4M
Inventory	17.7M	22.5M	27.8M	31.6M	35.2M	19.4M
Other Current Assets	697.4K	1.5M	8.4M	1.9M	1.1M	1.0M
Other Stockholder Equity	4.5M	4.4M	1.0	(2.0)	3.4M	(1.9)
Total Liab	20.9M	25.3M	29.0M	34.2M	38.6M	23.7M
Property Plant And Equipment Gross	42.2M	43.1M	127.6M	140.9M	149.7M	157.2M
Total Current Assets	44.6M	55.3M	66.7M	82.9M	84.8M	46.8M
Accumulated Other Comprehensive Income	(67.0M)	4.3M	3.9M	3.4M	3.7M	3.9M
Short Term Debt	2.6M	3.4M	302.8K	620.0K	437.9K	416.0K
Common Stock Total Equity	22.1M	22.4M	23.2M	23.4M	26.9M	24.1M
Common Stock	23.2M	23.4M	24.9M	28.1M	28.3M	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	1.1M	0.0	2.9M	2.0M	333.3K	316.7K
Short Long Term Debt	2.4M	2.9M	2.3M	3.1M	2.8M	2.9M
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	69.2M	76.1M	90.5M	109.1M	110.5M	92.4M
Net Working Capital	28.2M	33.6M	44.4M	54.5M	49.2M	40.2M
Capital Stock	23.2M	23.4M	24.9M	28.1M	28.3M	27.5M

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

0.65

Ivanhoe Energy

Pair Corr

Moving against Geodrill Stock

0.39

PNC-B

Postmedia Network Canada

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.

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Geodrill Short Term Debt vs Common Stock Analysis

Short Term Debt vs Common Stock

Short Term Debt vs Common Stock Correlation Analysis

Correlation Coefficient

Short Term Debt

Common Stock

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
Inventory	+ 0.99	Total Assets
Inventory	+ 0.99	Total Stockholder Equity
Total Current Assets	+ 0.98	Total Assets
Retained Earnings	+ 0.97	Total Assets

Net Debt	- 0.85	Other Current Liab
Common Stock Total Equity	- 0.8	Net Debt
Common Stock	- 0.79	Net Debt
Cash	- 0.75	Net Debt
Property Plant And Equipment Gross	- 0.72	Net Debt
Cash And Short Term Investments	- 0.7	Net Debt