Griffin Total Stockholder Equity vs Other Current Liab 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 Stockholder Equity and its Other Current Liab 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 Stockholder Equity vs Other Current Liab

Total Stockholder Equity vs Other Current Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Griffin Mining Total Stockholder Equity account and Other Current Liab. At this time, the significance of the direction appears to have strong relationship.
The correlation between Griffin Mining's Total Stockholder Equity and Other Current Liab is 0.75. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Other Current Liab 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 Stockholder Equity and Other Current Liab 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 Stockholder Equity of Griffin Mining are associated (or correlated) with its Other Current Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Liab has no effect on the direction of Total Stockholder Equity i.e., Griffin Mining's Total Stockholder Equity and Other Current Liab go up and down completely randomly.

Correlation Coefficient

0.75
Relationship DirectionPositive 
Relationship StrengthSignificant

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

Other Current Liab

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
Click cells to compare fundamentals

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

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

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.