Griffin Total Other Income Expense Net vs Total Operating Expenses Analysis

GFM Stock   145.00  3.00  2.11%   
Griffin Mining financial indicator trend analysis is much more than just examining Griffin Mining latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Griffin Mining is a good investment. Please check the relationship between Griffin Mining Total Other Income Expense Net and its Total Operating Expenses accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Griffin 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 bureau of economic analysis.

Total Other Income Expense Net vs Total Operating Expenses

Total Other Income Expense Net vs Total Operating Expenses Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Griffin Mining Total Other Income Expense Net account and Total Operating Expenses. At this time, the significance of the direction appears to have weak relationship.
The correlation between Griffin Mining's Total Other Income Expense Net and Total Operating Expenses is 0.3. Overlapping area represents the amount of variation of Total Other Income Expense Net that can explain the historical movement of Total Operating Expenses in the same time period over historical financial statements of Griffin Mining, assuming nothing else is changed. The correlation between historical values of Griffin Mining's Total Other Income Expense Net and Total Operating Expenses 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 Other Income Expense Net of Griffin Mining are associated (or correlated) with its Total Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Operating Expenses has no effect on the direction of Total Other Income Expense Net i.e., Griffin Mining's Total Other Income Expense Net and Total Operating Expenses go up and down completely randomly.

Correlation Coefficient

0.3
Relationship DirectionPositive 
Relationship StrengthVery Weak

Total Other Income Expense Net

Total Operating Expenses

The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.
Most indicators from Griffin Mining's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Griffin 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 Griffin 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 bureau of economic analysis.
As of December 2, 2024, Selling General Administrative is expected to decline to about 15.4 M. In addition to that, Tax Provision is expected to decline to about 7.1 M
 2021 2022 2023 2024 (projected)
Interest Expense404K135K177K168.2K
Depreciation And Amortization16.5M19.6M28.0M29.4M

Griffin Mining fundamental ratios Correlations

0.740.430.930.270.10.490.51-0.82-0.790.810.550.94-0.070.880.80.94-0.550.730.22-0.290.350.610.330.230.88
0.740.190.75-0.020.070.370.26-0.58-0.480.640.570.79-0.150.790.670.78-0.610.55-0.05-0.220.440.440.090.190.74
0.430.190.07-0.220.150.770.98-0.11-0.490.29-0.150.430.750.010.430.44-0.350.56-0.260.22-0.080.50.70.30.21
0.930.750.070.370.050.240.15-0.86-0.670.780.660.87-0.380.980.710.87-0.450.590.33-0.420.440.440.070.110.89
0.27-0.02-0.220.37-0.150.04-0.22-0.37-0.370.140.19-0.04-0.710.230.09-0.030.21-0.211.0-0.410.01-0.16-0.020.00.16
0.10.070.150.05-0.150.160.15-0.23-0.170.330.40.170.080.060.080.180.30.33-0.18-0.36-0.30.1-0.13-0.420.07
0.490.370.770.240.040.160.73-0.21-0.660.34-0.110.420.40.150.250.43-0.230.54-0.010.010.010.210.490.30.25
0.510.260.980.15-0.220.150.73-0.19-0.510.36-0.040.530.730.10.510.53-0.450.6-0.270.21-0.060.640.720.330.3
-0.82-0.58-0.11-0.86-0.37-0.23-0.21-0.190.78-0.84-0.72-0.780.35-0.82-0.62-0.780.31-0.62-0.310.55-0.03-0.46-0.11-0.02-0.76
-0.79-0.48-0.49-0.67-0.37-0.17-0.66-0.510.78-0.72-0.33-0.690.07-0.57-0.44-0.70.37-0.68-0.30.390.1-0.38-0.36-0.27-0.5
0.810.640.290.780.140.330.340.36-0.84-0.720.810.86-0.160.810.760.86-0.240.880.07-0.7-0.10.540.25-0.260.83
0.550.57-0.150.660.190.4-0.11-0.04-0.72-0.330.810.61-0.460.730.620.61-0.050.510.15-0.72-0.090.47-0.06-0.450.75
0.940.790.430.87-0.040.170.420.53-0.78-0.690.860.610.080.880.821.0-0.590.85-0.1-0.280.30.690.290.130.89
-0.07-0.150.75-0.38-0.710.080.40.730.350.07-0.16-0.460.08-0.370.030.07-0.250.26-0.720.6-0.050.320.480.28-0.17
0.880.790.010.980.230.060.150.1-0.82-0.570.810.730.88-0.370.740.88-0.440.640.19-0.460.440.430.010.00.92
0.80.670.430.710.090.080.250.51-0.62-0.440.760.620.820.030.740.82-0.450.660.06-0.310.280.630.35-0.060.87
0.940.780.440.87-0.030.180.430.53-0.78-0.70.860.611.00.070.880.82-0.590.85-0.09-0.290.30.680.30.140.89
-0.55-0.61-0.35-0.450.210.3-0.23-0.450.310.37-0.24-0.05-0.59-0.25-0.44-0.45-0.59-0.30.22-0.4-0.43-0.64-0.25-0.76-0.38
0.730.550.560.59-0.210.330.540.6-0.62-0.680.880.510.850.260.640.660.85-0.3-0.29-0.45-0.080.540.36-0.160.69
0.22-0.05-0.260.331.0-0.18-0.01-0.27-0.31-0.30.070.15-0.1-0.720.190.06-0.090.22-0.29-0.360.05-0.2-0.050.010.12
-0.29-0.220.22-0.42-0.41-0.360.010.210.550.39-0.7-0.72-0.280.6-0.46-0.31-0.29-0.4-0.45-0.360.390.040.090.71-0.4
0.350.44-0.080.440.01-0.30.01-0.06-0.030.1-0.1-0.090.3-0.050.440.280.3-0.43-0.080.050.39-0.02-0.210.40.37
0.610.440.50.44-0.160.10.210.64-0.46-0.380.540.470.690.320.430.630.68-0.640.54-0.20.04-0.020.490.250.57
0.330.090.70.07-0.02-0.130.490.72-0.11-0.360.25-0.060.290.480.010.350.3-0.250.36-0.050.09-0.210.490.220.19
0.230.190.30.110.0-0.420.30.33-0.02-0.27-0.26-0.450.130.280.0-0.060.14-0.76-0.160.010.710.40.250.22-0.09
0.880.740.210.890.160.070.250.3-0.76-0.50.830.750.89-0.170.920.870.89-0.380.690.12-0.40.370.570.19-0.09
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Griffin Mining Account Relationship Matchups

Griffin Mining fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets254.2M295.5M320.5M305.6M321.2M194.0M
Other Current Liab14.7M23.4M18.5M27.9M17.4M10.1M
Total Current Liabilities33.9M42.7M40.9M47.8M43.9M34.9M
Total Stockholder Equity214.9M233.7M262.6M245.5M269.8M151.9M
Cash19.9M16.4M38.2M34.1M60.0M40.6M
Other Current Assets1.9M2.2M2.2M3.4M2.9M2.5M
Total Liab39.3M61.8M58.0M60.1M51.5M40.9M
Intangible Assets322K325K387K407K575K546.3K
Common Stock1.7M1.7M1.7M1.7M1.9M1.5M
Property Plant Equipment213.1M228.3M266.7M275.3M316.6M332.4M
Other Liab4.7M4.9M19.0M16.3M18.7M19.6M
Property Plant And Equipment Net228.3M266.7M275.3M258.0M250.9M178.9M
Net Debt(17.3M)(16.1M)(37.2M)(33.3M)(59.3M)(62.2M)
Retained Earnings167.6M176.6M202.1M202.1M213.8M111.0M
Accounts Payable13.5M13.8M19.4M17.0M20.9M11.6M
Non Current Assets Total228.6M267.0M275.7M258.4M252.5M181.3M
Non Currrent Assets Other(228.6M)(267.0M)(275.7M)(258.4M)979K1.0M
Cash And Short Term Investments19.9M16.4M38.2M34.1M60.0M36.2M
Common Stock Shares Outstanding187.9M182.6M188.4M187.3M191.0M150.3M
Liabilities And Stockholders Equity254.2M295.5M320.5M305.6M321.2M241.3M
Non Current Liabilities Total5.4M19.0M17.1M12.4M7.6M8.0M
Inventory3.8M5.3M4.9M8.4M5.8M6.1M
Other Stockholder Equity73.7M74.1M74.3M74.4M24.3M23.1M
Property Plant And Equipment Gross228.6M267.0M385.3M378.5M395.7M201.0M
Total Current Assets25.6M28.4M44.8M45.6M68.7M43.6M
Accumulated Other Comprehensive Income(25.6M)(15.9M)(12.6M)(29.8M)(29.7M)(28.2M)
Short Term Debt2.1M383K177K169K152.1K144.5K
Short Long Term Debt Total2.6M383K971K852K739K702.1K
Current Deferred Revenue(2.1M)(383K)(177K)(169K)(194.4K)(204.1K)
Net Tangible Assets209.2M214.6M233.4M262.2M301.5M205.4M
Capital Surpluse71.0M72.1M72.1M72.2M64.9M58.0M
Capital Lease Obligations2.6M383K971K852K739K702.1K
Net Invested Capital214.9M233.7M262.6M245.5M269.8M256.0M
Net Working Capital(8.3M)(14.3M)3.9M(2.1M)24.9M26.1M

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Other Information on Investing in Griffin Stock

Balance Sheet is a snapshot of the financial position of Griffin Mining at a specified time, usually calculated after every quarter, six months, or one year. Griffin Mining Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Griffin Mining 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 Griffin currently owns. An asset can also be divided into two categories, current and non-current.