GreenFirst Cash And Short Term Investments vs Net Invested Capital Analysis

GFP Stock

5.60 0.01 0.18%

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

Cash And Short Term Investments vs Net Invested Capital

Cash And Short Term Investments vs Net Invested Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of GreenFirst Forest Cash And Short Term Investments account and Net Invested Capital. At this time, the significance of the direction appears to have almost no relationship.

The correlation between GreenFirst Forest's Cash And Short Term Investments and Net Invested Capital is 0.12. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Net Invested Capital in the same time period over historical financial statements of GreenFirst Forest Products, assuming nothing else is changed. The correlation between historical values of GreenFirst Forest's Cash And Short Term Investments and Net Invested Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Short Term Investments of GreenFirst Forest Products are associated (or correlated) with its Net Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Invested Capital has no effect on the direction of Cash And Short Term Investments i.e., GreenFirst Forest's Cash And Short Term Investments and Net Invested Capital go up and down completely randomly.

Correlation Coefficient

0.12

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of GreenFirst Forest balance sheet. This account contains GreenFirst Forest investments that will expire within one year. These investments include stocks and bonds that can be liquidated by GreenFirst Forest Products fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

Most indicators from GreenFirst Forest's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into GreenFirst Forest 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 GreenFirst Forest Products. 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, GreenFirst Forest's Selling General Administrative is very stable compared to the past year. As of the 26th of November 2024, Sales General And Administrative To Revenue is likely to grow to 0.08, while Discontinued Operations is likely to drop about 2.4 M.

	2010	2022	2023	2024 (projected)
Extraordinary Items	1.9M	3.2M	3.7M	2.8M
Reconciled Depreciation	7.5M	20.4M	17.4M	16.6M

Extraordinary Items Reconciled Depreciation

GreenFirst Forest fundamental ratios Correlations

	Total Assets	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 Shares Outstanding	Short Term Investments	Other Stockholder Equity	Total Liab	Total Current Assets	Non Current Liabilities Total	Other Current Assets	Non Currrent Assets Other	Other Assets	Other Current Liab	Common Stock	Inventory	Net Tangible Assets	Net Invested Capital	Capital Stock
Total Assets		0.96	1.0	0.98	0.84	-0.38	0.94	0.16	0.97	0.11	0.99	0.68	-0.29	-0.23	0.99	0.95	0.95	0.91	0.66	-0.3	0.61	0.95	0.97	0.96	0.99	0.96
Total Current Liabilities	0.96		0.97	0.91	0.76	-0.36	1.0	0.06	0.91	0.02	0.98	0.73	-0.32	-0.27	0.95	0.95	0.84	0.8	0.72	-0.42	0.66	0.93	0.91	0.94	0.94	0.95
Total Stockholder Equity	1.0	0.97		0.97	0.8	-0.44	0.95	0.17	0.97	0.12	0.99	0.74	-0.26	-0.22	0.98	0.95	0.92	0.89	0.7	-0.31	0.59	0.96	0.95	0.96	0.98	0.96
Property Plant And Equipment Net	0.98	0.91	0.97		0.89	-0.37	0.89	0.1	0.99	0.05	0.96	0.62	-0.3	-0.29	0.99	0.9	0.97	0.95	0.65	-0.27	0.62	0.93	0.97	0.94	0.98	0.95
Net Debt	0.84	0.76	0.8	0.89		0.07	0.72	-0.1	0.84	-0.16	0.83	0.23	-0.48	-0.37	0.89	0.73	0.92	0.87	0.37	-0.26	0.67	0.7	0.88	0.81	0.89	0.8
Retained Earnings	-0.38	-0.36	-0.44	-0.37	0.07		-0.36	-0.33	-0.46	-0.35	-0.33	-0.82	-0.34	-0.04	-0.31	-0.35	-0.25	-0.37	-0.65	0.0	0.04	-0.59	-0.29	-0.38	-0.28	-0.41
Accounts Payable	0.94	1.0	0.95	0.89	0.72	-0.36		0.03	0.88	-0.01	0.96	0.76	-0.31	-0.27	0.92	0.93	0.8	0.77	0.75	-0.44	0.67	0.92	0.88	0.92	0.91	0.94
Cash	0.16	0.06	0.17	0.1	-0.1	-0.33	0.03		0.05	0.99	0.17	0.13	0.47	0.4	0.15	0.36	0.2	0.12	-0.3	0.35	-0.38	0.08	0.17	0.07	0.18	0.05
Non Current Assets Total	0.97	0.91	0.97	0.99	0.84	-0.46	0.88	0.05		0.01	0.94	0.69	-0.27	-0.3	0.96	0.86	0.94	0.94	0.73	-0.28	0.59	0.95	0.94	0.94	0.95	0.95
Cash And Short Term Investments	0.11	0.02	0.12	0.05	-0.16	-0.35	-0.01	0.99	0.01		0.11	0.12	0.57	0.37	0.1	0.31	0.15	0.07	-0.32	0.37	-0.42	0.05	0.12	0.03	0.12	0.0
Net Receivables	0.99	0.98	0.99	0.96	0.83	-0.33	0.96	0.17	0.94	0.11		0.66	-0.33	-0.26	0.98	0.97	0.92	0.87	0.63	-0.34	0.62	0.92	0.96	0.95	0.98	0.95
Common Stock Shares Outstanding	0.68	0.73	0.74	0.62	0.23	-0.82	0.76	0.13	0.69	0.12	0.66		0.03	-0.11	0.6	0.66	0.46	0.52	0.87	-0.2	0.31	0.81	0.55	0.67	0.57	0.7
Short Term Investments	-0.29	-0.32	-0.26	-0.3	-0.48	-0.34	-0.31	0.47	-0.27	0.57	-0.33	0.03		-0.01	-0.32	-0.17	-0.3	-0.29	-0.24	0.3	-0.54	-0.22	-0.31	-0.31	-0.31	-0.32
Other Stockholder Equity	-0.23	-0.27	-0.22	-0.29	-0.37	-0.04	-0.27	0.4	-0.3	0.37	-0.26	-0.11	-0.01		-0.25	-0.16	-0.22	-0.21	-0.24	0.06	-0.4	-0.19	-0.24	-0.25	-0.24	-0.26
Total Liab	0.99	0.95	0.98	0.99	0.89	-0.31	0.92	0.15	0.96	0.1	0.98	0.6	-0.32	-0.25		0.94	0.97	0.93	0.6	-0.3	0.63	0.92	0.98	0.95	1.0	0.95
Total Current Assets	0.95	0.95	0.95	0.9	0.73	-0.35	0.93	0.36	0.86	0.31	0.97	0.66	-0.17	-0.16	0.94		0.87	0.8	0.52	-0.27	0.52	0.87	0.92	0.9	0.95	0.9
Non Current Liabilities Total	0.95	0.84	0.92	0.97	0.92	-0.25	0.8	0.2	0.94	0.15	0.92	0.46	-0.3	-0.22	0.97	0.87		0.95	0.47	-0.19	0.55	0.84	0.96	0.89	0.97	0.89
Other Current Assets	0.91	0.8	0.89	0.95	0.87	-0.37	0.77	0.12	0.94	0.07	0.87	0.52	-0.29	-0.21	0.93	0.8	0.95		0.57	-0.2	0.55	0.86	0.96	0.93	0.93	0.93
Non Currrent Assets Other	0.66	0.72	0.7	0.65	0.37	-0.65	0.75	-0.3	0.73	-0.32	0.63	0.87	-0.24	-0.24	0.6	0.52	0.47	0.57		-0.43	0.53	0.83	0.55	0.68	0.56	0.73
Other Assets	-0.3	-0.42	-0.31	-0.27	-0.26	0.0	-0.44	0.35	-0.28	0.37	-0.34	-0.2	0.3	0.06	-0.3	-0.27	-0.19	-0.2	-0.43		-0.17	-0.44	-0.27	-0.35	-0.29	-0.37
Other Current Liab	0.61	0.66	0.59	0.62	0.67	0.04	0.67	-0.38	0.59	-0.42	0.62	0.31	-0.54	-0.4	0.63	0.52	0.55	0.55	0.53	-0.17		0.52	0.59	0.62	0.61	0.63
Common Stock	0.95	0.93	0.96	0.93	0.7	-0.59	0.92	0.08	0.95	0.05	0.92	0.81	-0.22	-0.19	0.92	0.87	0.84	0.86	0.83	-0.44	0.52		0.88	0.92	0.9	0.94
Inventory	0.97	0.91	0.95	0.97	0.88	-0.29	0.88	0.17	0.94	0.12	0.96	0.55	-0.31	-0.24	0.98	0.92	0.96	0.96	0.55	-0.27	0.59	0.88		0.98	0.99	0.97
Net Tangible Assets	0.96	0.94	0.96	0.94	0.81	-0.38	0.92	0.07	0.94	0.03	0.95	0.67	-0.31	-0.25	0.95	0.9	0.89	0.93	0.68	-0.35	0.62	0.92	0.98		0.96	1.0
Net Invested Capital	0.99	0.94	0.98	0.98	0.89	-0.28	0.91	0.18	0.95	0.12	0.98	0.57	-0.31	-0.24	1.0	0.95	0.97	0.93	0.56	-0.29	0.61	0.9	0.99	0.96		0.95
Capital Stock	0.96	0.95	0.96	0.95	0.8	-0.41	0.94	0.05	0.95	0.0	0.95	0.7	-0.32	-0.26	0.95	0.9	0.89	0.93	0.73	-0.37	0.63	0.94	0.97	1.0	0.95

Click cells to compare fundamentals

GreenFirst Forest Account Relationship Matchups

GreenFirst Forest fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	13.3M	17.3M	415.9M	371.5M	296.3M	311.1M
Total Current Liabilities	176.2K	1.4M	54.0M	86.0M	54.6M	57.3M
Total Stockholder Equity	13.1M	12.2M	229.2M	224.5M	185.2M	194.5M
Net Debt	(12.9M)	(1.6M)	89.0M	32.3M	23.2M	24.4M
Retained Earnings	(24.3M)	(26.6M)	(36.2M)	(35.6M)	(82.7M)	(78.5M)
Accounts Payable	176.2K	1.4M	27.5M	52.0M	32.6M	34.2M
Cash	12.9M	5.3M	36.2M	25.4M	2.4M	2.3M
Non Current Assets Total	0.0	11.5M	231.1M	146.8M	188.3M	197.7M
Cash And Short Term Investments	13.2M	5.4M	36.2M	25.4M	2.4M	2.3M
Common Stock Shares Outstanding	50.5M	50.3M	78.7M	177.6M	204.2M	214.4M
Liabilities And Stockholders Equity	13.3M	17.3M	415.9M	371.5M	296.3M	311.1M
Total Liab	176.2K	5.1M	186.8M	147.0M	111.1M	116.6M
Total Current Assets	13.3M	5.8M	184.8M	224.7M	108.0M	113.4M
Other Current Assets	40.2K	394.4K	3.4M	1.3M	2.6M	1.4M
Accumulated Other Comprehensive Income	(173.5K)	372.5K	10.6M	5.4M	13.2M	13.8M

Pair Trading with GreenFirst Forest

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

Moving together with GreenFirst Stock

0.8	AG	First Majestic Silver	Pair Corr
0.73	IE	Ivanhoe Energy	Pair Corr
0.74	FDY	Faraday Copper Corp	Pair Corr

Moving against GreenFirst Stock

0.39

INFM

Infinico Metals Corp

Pair Corr

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

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

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

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GreenFirst Cash And Short Term Investments vs Net Invested Capital Analysis

Cash And Short Term Investments vs Net Invested Capital

Cash And Short Term Investments vs Net Invested Capital Correlation Analysis

Correlation Coefficient

Cash And Short Term Investments

Net Invested Capital

GreenFirst Forest fundamental ratios Correlations

GreenFirst Forest Account Relationship Matchups

High Positive Relationship

High Negative Relationship

GreenFirst Forest fundamental ratios Accounts

Pair Trading with GreenFirst Forest

Moving together with GreenFirst Stock

Moving against GreenFirst Stock

Other Information on Investing in GreenFirst Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Accounts Payable	+ 1.0	Total Current Liabilities
Net Invested Capital	+ 1.0	Total Liab
Capital Stock	+ 1.0	Net Tangible Assets
Net Receivables	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Assets

Common Stock Shares Outstanding	- 0.82	Retained Earnings
Non Currrent Assets Other	- 0.65	Retained Earnings
Common Stock	- 0.59	Retained Earnings
Other Current Liab	- 0.54	Short Term Investments
Short Term Investments	- 0.48	Net Debt
Non Current Assets Total	- 0.46	Retained Earnings