Galane Net Debt vs Cash And Short Term Investments Analysis

GG Stock

CAD 0.33 0.01 3.13%

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

Net Debt vs Cash And Short Term Investments

Net Debt vs Cash And Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Galane Gold Net Debt account and Cash And Short Term Investments. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Galane Gold's Net Debt and Cash And Short Term Investments is -0.66. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Galane Gold, assuming nothing else is changed. The correlation between historical values of Galane Gold's Net Debt and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Galane Gold are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Net Debt i.e., Galane Gold's Net Debt and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

-0.66

Relationship Direction	Negative
Relationship Strength	Weak

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Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Galane Gold balance sheet. This account contains Galane Gold investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Galane Gold 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.

Most indicators from Galane Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Galane Gold 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 Galane Gold. 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, Galane Gold's Selling General Administrative is fairly stable compared to the past year. Enterprise Value is likely to climb to about 17.1 M in 2024, despite the fact that Discontinued Operations is likely to grow to (4 M).

	2021	2022	2023	2024 (projected)
Interest Expense	621.0K	203.2K	872.2K	497.3K
Depreciation And Amortization	651.0K	1.1M	790.9K	751.4K

Interest Expense Depreciation And Amortization

Galane Gold fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Cash	Cash And Short Term Investments	Common Stock Shares Outstanding	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Net Receivables	Inventory	Short Long Term Debt Total	Other Current Liab	Property Plant And Equipment Net	Accounts Payable	Non Current Assets Total	Non Currrent Assets Other	Non Current Liabilities Total	Short Term Debt	Other Liab	Net Tangible Assets	Other Assets	Long Term Debt
Total Assets		0.51	0.73	-0.05	0.03	0.44	0.44	0.18	0.26	0.31	0.56	0.64	0.23	0.48	0.14	0.25	0.47	-0.1	0.54	0.03	-0.16	0.15	0.1	-0.02	-0.18	0.04
Total Current Liabilities	0.51		-0.11	0.63	-0.58	-0.17	-0.17	0.26	0.41	-0.05	0.88	0.12	-0.15	0.05	0.65	0.41	0.64	0.35	0.44	0.05	0.02	0.71	0.55	-0.45	-0.63	0.24
Total Stockholder Equity	0.73	-0.11		-0.62	0.39	0.6	0.6	0.2	0.15	0.23	-0.16	0.58	0.23	0.27	-0.48	0.14	0.17	-0.58	0.36	-0.24	-0.5	-0.33	-0.44	0.54	0.24	-0.43
Net Debt	-0.05	0.63	-0.62		-0.72	-0.66	-0.66	0.17	-0.08	-0.18	0.68	-0.47	-0.2	-0.06	0.85	-0.08	0.49	0.57	0.34	0.16	0.39	0.72	0.76	-0.71	-0.8	0.59
Retained Earnings	0.03	-0.58	0.39	-0.72		0.73	0.73	-0.69	-0.23	0.48	-0.44	0.58	0.34	0.53	-0.38	-0.17	-0.62	-0.12	-0.32	0.28	0.2	-0.45	-0.66	0.33	0.89	-0.16
Cash	0.44	-0.17	0.6	-0.66	0.73		1.0	-0.47	-0.18	0.54	-0.08	0.75	0.22	0.59	-0.17	-0.13	-0.45	0.0	-0.17	0.22	0.0	-0.23	-0.42	0.23	0.71	-0.09
Cash And Short Term Investments	0.44	-0.17	0.6	-0.66	0.73	1.0		-0.47	-0.18	0.54	-0.08	0.75	0.22	0.59	-0.17	-0.13	-0.45	0.0	-0.17	0.22	0.0	-0.23	-0.42	0.23	0.71	-0.09
Common Stock Shares Outstanding	0.18	0.26	0.2	0.17	-0.69	-0.47	-0.47		0.24	-0.62	0.02	-0.47	-0.26	-0.69	-0.18	0.15	0.68	-0.46	0.58	-0.72	-0.71	0.19	0.32	0.08	-0.65	-0.41
Other Current Assets	0.26	0.41	0.15	-0.08	-0.23	-0.18	-0.18	0.24		-0.22	0.19	0.3	-0.13	-0.28	-0.25	0.99	0.47	-0.45	0.1	-0.1	-0.22	-0.21	-0.08	0.33	-0.19	-0.19
Other Stockholder Equity	0.31	-0.05	0.23	-0.18	0.48	0.54	0.54	-0.62	-0.22		0.17	0.54	0.21	0.76	0.11	-0.16	-0.38	0.38	-0.26	0.64	0.28	-0.19	-0.26	-0.08	0.4	0.36
Total Liab	0.56	0.88	-0.16	0.68	-0.44	-0.08	-0.08	0.02	0.19	0.17		0.23	0.06	0.36	0.78	0.21	0.47	0.56	0.34	0.34	0.39	0.62	0.68	-0.69	-0.55	0.58
Total Current Assets	0.64	0.12	0.58	-0.47	0.58	0.75	0.75	-0.47	0.3	0.54	0.23		0.51	0.72	-0.13	0.35	-0.22	-0.06	-0.18	0.31	0.14	-0.24	-0.39	0.24	0.52	-0.02
Net Receivables	0.23	-0.15	0.23	-0.2	0.34	0.22	0.22	-0.26	-0.13	0.21	0.06	0.51		0.58	-0.13	-0.13	-0.38	0.01	-0.31	0.0	0.22	-0.07	-0.21	0.08	0.36	-0.15
Inventory	0.48	0.05	0.27	-0.06	0.53	0.59	0.59	-0.69	-0.28	0.76	0.36	0.72	0.58		0.31	-0.22	-0.35	0.42	-0.18	0.57	0.51	0.03	-0.17	-0.18	0.38	0.39
Short Long Term Debt Total	0.14	0.65	-0.48	0.85	-0.38	-0.17	-0.17	-0.18	-0.25	0.11	0.78	-0.13	-0.13	0.31		-0.22	0.26	0.78	0.26	0.4	0.57	0.78	0.68	-0.77	-0.49	0.72
Other Current Liab	0.25	0.41	0.14	-0.08	-0.17	-0.13	-0.13	0.15	0.99	-0.16	0.21	0.35	-0.13	-0.22	-0.22		0.44	-0.4	0.08	-0.02	-0.15	-0.21	-0.09	0.31	-0.15	-0.14
Property Plant And Equipment Net	0.47	0.64	0.17	0.49	-0.62	-0.45	-0.45	0.68	0.47	-0.38	0.47	-0.22	-0.38	-0.35	0.26	0.44		-0.21	0.87	-0.23	-0.25	0.37	0.49	-0.15	-0.84	0.04
Accounts Payable	-0.1	0.35	-0.58	0.57	-0.12	0.0	0.0	-0.46	-0.45	0.38	0.56	-0.06	0.01	0.42	0.78	-0.4	-0.21		-0.17	0.6	0.65	0.52	0.51	-0.76	-0.12	0.65
Non Current Assets Total	0.54	0.44	0.36	0.34	-0.32	-0.17	-0.17	0.58	0.1	-0.26	0.34	-0.18	-0.31	-0.18	0.26	0.08	0.87	-0.17		-0.23	-0.24	0.42	0.41	-0.19	-0.64	-0.01
Non Currrent Assets Other	0.03	0.05	-0.24	0.16	0.28	0.22	0.22	-0.72	-0.1	0.64	0.34	0.31	0.0	0.57	0.4	-0.02	-0.23	0.6	-0.23		0.73	-0.08	0.18	-0.33	0.14	0.72
Non Current Liabilities Total	-0.16	0.02	-0.5	0.39	0.2	0.0	0.0	-0.71	-0.22	0.28	0.39	0.14	0.22	0.51	0.57	-0.15	-0.25	0.65	-0.24	0.73		0.1	0.36	-0.57	0.08	0.78
Short Term Debt	0.15	0.71	-0.33	0.72	-0.45	-0.23	-0.23	0.19	-0.21	-0.19	0.62	-0.24	-0.07	0.03	0.78	-0.21	0.37	0.52	0.42	-0.08	0.1		0.54	-0.56	-0.51	0.14
Other Liab	0.1	0.55	-0.44	0.76	-0.66	-0.42	-0.42	0.32	-0.08	-0.26	0.68	-0.39	-0.21	-0.17	0.68	-0.09	0.49	0.51	0.41	0.18	0.36	0.54		-0.79	-0.73	0.56
Net Tangible Assets	-0.02	-0.45	0.54	-0.71	0.33	0.23	0.23	0.08	0.33	-0.08	-0.69	0.24	0.08	-0.18	-0.77	0.31	-0.15	-0.76	-0.19	-0.33	-0.57	-0.56	-0.79		0.43	-0.68
Other Assets	-0.18	-0.63	0.24	-0.8	0.89	0.71	0.71	-0.65	-0.19	0.4	-0.55	0.52	0.36	0.38	-0.49	-0.15	-0.84	-0.12	-0.64	0.14	0.08	-0.51	-0.73	0.43		-0.28
Long Term Debt	0.04	0.24	-0.43	0.59	-0.16	-0.09	-0.09	-0.41	-0.19	0.36	0.58	-0.02	-0.15	0.39	0.72	-0.14	0.04	0.65	-0.01	0.72	0.78	0.14	0.56	-0.68	-0.28

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Galane Gold Account Relationship Matchups

Galane Gold fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	48.3M	54.1M	58.8M	42.6M	42.4M	44.7M
Total Current Liabilities	23.7M	24.0M	23.1M	6.9M	9.0M	13.0M
Total Stockholder Equity	12.9M	23.8M	31.7M	33.3M	31.3M	23.6M
Net Debt	16.9M	10.7M	1.4M	2.4M	4.4M	4.2M
Retained Earnings	(29.7M)	(25.2M)	(29.2M)	(27.6M)	(29.8M)	(28.3M)
Cash	2.2M	5.0M	889.6K	639.0K	113.2K	107.6K
Cash And Short Term Investments	2.2M	5.0M	889.6K	639.0K	113.2K	107.6K
Common Stock Shares Outstanding	40.4M	49.1M	62.9M	71.3M	82.0M	86.1M
Liabilities And Stockholders Equity	48.3M	54.1M	58.8M	42.6M	42.4M	44.7M
Other Current Assets	847.1K	644.7K	381.1K	18.3M	39.0K	0.0
Other Stockholder Equity	2.5M	2.6M	2.8M	2.7M	2.5M	2.3M
Total Liab	35.3M	30.3M	27.1M	9.3M	11.1M	21.1M
Total Current Assets	9.3M	11.6M	20.1M	2.0M	1.2M	1.1M
Net Receivables	1.6M	1.6M	450.1K	923.6K	736.8K	1.2M
Inventory	4.9M	4.6M	446.8K	444.2K	255.0K	242.3K
Short Long Term Debt Total	19.1M	15.7M	2.3M	3.0M	4.5M	4.3M
Other Current Liab	1.2M	1.4M	18.3M	494.2K	1.0	0.95
Property Plant And Equipment Net	38.9M	41.4M	51.2M	40.6M	41.2M	38.9M
Accounts Payable	7.9M	7.9M	2.3M	3.4M	3.5M	5.0M
Non Current Assets Total	38.9M	42.6M	38.7M	40.6M	41.2M	40.4M
Non Currrent Assets Other	(38.9M)	1.2M	(12.5M)	(40.6M)	(36.5M)	(34.7M)
Non Current Liabilities Total	11.7M	6.3M	4.0M	2.4M	2.1M	2.0M
Accumulated Other Comprehensive Income	2.6M	2.8M	2.7M	2.8M	2.9M	2.6M
Short Term Debt	13.1M	14.7M	2.3M	3.0M	4.5M	6.5M
Other Liab	7.5M	5.6M	5.4M	4.0M	4.6M	5.5M
Net Tangible Assets	15.0M	12.9M	23.8M	31.7M	28.5M	16.9M
Long Term Debt	6.1M	10.6M	4.6M	138.0K	158.7K	150.8K
Short Long Term Debt	12.3M	14.0M	2.3M	3.0M	4.5M	6.3M
Common Stock	38.3M	40.0M	46.2M	58.1M	66.9M	48.0M
Property Plant Equipment	35.9M	38.9M	41.4M	38.7M	44.5M	37.8M
Net Invested Capital	29.9M	38.0M	34.0M	36.4M	35.8M	36.5M
Net Working Capital	(14.3M)	(12.4M)	(3.0M)	(4.8M)	(7.8M)	(8.2M)

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