GoGold Net Debt vs Common Stock Analysis

GGD Stock

CAD 1.26 0.01 0.79%

GoGold Resources financial indicator trend analysis is much more than just examining GoGold Resources latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether GoGold Resources is a good investment. Please check the relationship between GoGold Resources Net 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 GoGold Resources. 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 Common Stock

Net Debt vs Common Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of GoGold Resources Net Debt account and Common Stock. At this time, the significance of the direction appears to have pay attention.

The correlation between GoGold Resources' Net Debt and Common Stock is -0.78. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Common Stock in the same time period over historical financial statements of GoGold Resources, assuming nothing else is changed. The correlation between historical values of GoGold Resources' Net 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 Net Debt of GoGold Resources 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 Net Debt i.e., GoGold Resources' Net Debt and Common Stock go up and down completely randomly.

Correlation Coefficient

-0.78

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

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.

Common Stock

Most indicators from GoGold Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into GoGold Resources 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 GoGold Resources. 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, GoGold Resources' Selling General Administrative is very stable compared to the past year. As of the 27th of November 2024, Discontinued Operations is likely to grow to about 35.7 M, though Tax Provision is likely to grow to (2.3 M).

GoGold Resources fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Other Current Liab	Net Debt	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Common Stock Shares Outstanding	Deferred Long Term Liab	Property Plant And Equipment Net	Net Receivables	Inventory	Other Current Assets	Property Plant And Equipment Gross	Short Term Debt	Property Plant Equipment
Total Assets		0.12	0.98	0.98	0.01	0.28	0.92	0.56	0.2	0.96	0.96	0.41	-0.74	0.98	0.91	0.81	0.92	0.95	-0.66	0.76	0.27	0.43	0.03	0.97	-0.15	0.6
Total Current Liabilities	0.12		-0.04	-0.04	-0.19	0.88	-0.17	-0.05	0.91	0.09	0.05	-0.13	0.44	0.14	-0.02	0.14	-0.18	0.08	0.02	0.18	-0.22	0.81	0.85	0.06	0.87	0.06
Total Stockholder Equity	0.98	-0.04		0.99	0.03	0.13	0.97	0.56	0.02	0.97	0.97	0.45	-0.84	0.95	0.93	0.81	0.97	0.94	-0.68	0.7	0.33	0.3	-0.11	0.95	-0.33	0.56
Net Tangible Assets	0.98	-0.04	0.99		0.04	0.14	0.96	0.58	0.03	0.96	0.96	0.51	-0.84	0.94	0.92	0.81	0.96	0.94	-0.62	0.72	0.39	0.3	-0.12	0.95	-0.32	0.59
Retained Earnings	0.01	-0.19	0.03	0.04		-0.4	0.09	0.09	-0.07	-0.03	-0.22	-0.42	-0.07	0.05	-0.23	-0.43	0.08	-0.26	0.0	0.23	-0.3	-0.37	-0.08	0.15	-0.06	0.41
Accounts Payable	0.28	0.88	0.13	0.14	-0.4		-0.01	-0.04	0.81	0.26	0.27	0.05	0.24	0.28	0.17	0.36	-0.01	0.32	-0.01	0.3	0.11	0.94	0.63	0.19	0.74	0.1
Cash	0.92	-0.17	0.97	0.96	0.09	-0.01		0.49	-0.17	0.96	0.91	0.44	-0.93	0.84	0.91	0.79	1.0	0.88	-0.66	0.56	0.35	0.16	-0.21	0.87	-0.48	0.47
Other Stockholder Equity	0.56	-0.05	0.56	0.58	0.09	-0.04	0.49		0.11	0.44	0.5	0.25	-0.4	0.62	0.43	0.28	0.49	0.52	-0.17	0.75	0.08	-0.01	-0.04	0.62	-0.22	0.78
Total Liab	0.2	0.91	0.02	0.03	-0.07	0.81	-0.17	0.11		0.07	0.08	-0.14	0.47	0.28	-0.03	0.06	-0.18	0.14	0.02	0.41	-0.26	0.76	0.79	0.21	0.91	0.28
Total Current Assets	0.96	0.09	0.97	0.96	-0.03	0.26	0.96	0.44	0.07		0.95	0.45	-0.82	0.88	0.93	0.88	0.96	0.93	-0.66	0.6	0.37	0.4	0.04	0.88	-0.25	0.44
Common Stock	0.96	0.05	0.97	0.96	-0.22	0.27	0.91	0.5	0.08	0.95		0.52	-0.78	0.92	0.96	0.9	0.92	0.99	-0.67	0.63	0.37	0.43	-0.06	0.9	-0.25	0.44
Other Current Liab	0.41	-0.13	0.45	0.51	-0.42	0.05	0.44	0.25	-0.14	0.45	0.52		-0.54	0.36	0.62	0.7	0.45	0.59	-0.02	0.22	0.53	0.16	-0.16	0.35	-0.37	0.07
Net Debt	-0.74	0.44	-0.84	-0.84	-0.07	0.24	-0.93	-0.4	0.47	-0.82	-0.78	-0.54		-0.64	-0.82	-0.71	-0.93	-0.74	0.46	-0.39	-0.46	0.07	0.46	-0.69	0.73	-0.34
Non Current Assets Total	0.98	0.14	0.95	0.94	0.05	0.28	0.84	0.62	0.28	0.88	0.92	0.36	-0.64		0.84	0.72	0.84	0.91	-0.63	0.83	0.19	0.43	0.03	0.99	-0.08	0.68
Non Currrent Assets Other	0.91	-0.02	0.93	0.92	-0.23	0.17	0.91	0.43	-0.03	0.93	0.96	0.62	-0.82	0.84		0.94	0.92	0.95	-0.66	0.5	0.33	0.35	-0.09	0.83	-0.36	0.31
Other Assets	0.81	0.14	0.81	0.81	-0.43	0.36	0.79	0.28	0.06	0.88	0.9	0.7	-0.71	0.72	0.94		0.8	0.91	-0.54	0.37	0.48	0.49	0.07	0.68	-0.23	0.13
Cash And Short Term Investments	0.92	-0.18	0.97	0.96	0.08	-0.01	1.0	0.49	-0.18	0.96	0.92	0.45	-0.93	0.84	0.92	0.8		0.88	-0.67	0.56	0.36	0.16	-0.21	0.87	-0.49	0.46
Common Stock Shares Outstanding	0.95	0.08	0.94	0.94	-0.26	0.32	0.88	0.52	0.14	0.93	0.99	0.59	-0.74	0.91	0.95	0.91	0.88		-0.62	0.65	0.43	0.45	-0.03	0.89	-0.22	0.44
Deferred Long Term Liab	-0.66	0.02	-0.68	-0.62	0.0	-0.01	-0.66	-0.17	0.02	-0.66	-0.67	-0.02	0.46	-0.63	-0.66	-0.54	-0.67	-0.62		-0.19	-0.01	-0.1	0.02	-0.63	0.21	-0.09
Property Plant And Equipment Net	0.76	0.18	0.7	0.72	0.23	0.3	0.56	0.75	0.41	0.6	0.63	0.22	-0.39	0.83	0.5	0.37	0.56	0.65	-0.19		0.1	0.42	0.04	0.83	0.09	0.91
Net Receivables	0.27	-0.22	0.33	0.39	-0.3	0.11	0.35	0.08	-0.26	0.37	0.37	0.53	-0.46	0.19	0.33	0.48	0.36	0.43	-0.01	0.1		0.02	-0.25	0.16	-0.37	-0.02
Inventory	0.43	0.81	0.3	0.3	-0.37	0.94	0.16	-0.01	0.76	0.4	0.43	0.16	0.07	0.43	0.35	0.49	0.16	0.45	-0.1	0.42	0.02		0.53	0.35	0.65	0.18
Other Current Assets	0.03	0.85	-0.11	-0.12	-0.08	0.63	-0.21	-0.04	0.79	0.04	-0.06	-0.16	0.46	0.03	-0.09	0.07	-0.21	-0.03	0.02	0.04	-0.25	0.53		-0.04	0.79	-0.02
Property Plant And Equipment Gross	0.97	0.06	0.95	0.95	0.15	0.19	0.87	0.62	0.21	0.88	0.9	0.35	-0.69	0.99	0.83	0.68	0.87	0.89	-0.63	0.83	0.16	0.35	-0.04		-0.15	0.69
Short Term Debt	-0.15	0.87	-0.33	-0.32	-0.06	0.74	-0.48	-0.22	0.91	-0.25	-0.25	-0.37	0.73	-0.08	-0.36	-0.23	-0.49	-0.22	0.21	0.09	-0.37	0.65	0.79	-0.15		0.03
Property Plant Equipment	0.6	0.06	0.56	0.59	0.41	0.1	0.47	0.78	0.28	0.44	0.44	0.07	-0.34	0.68	0.31	0.13	0.46	0.44	-0.09	0.91	-0.02	0.18	-0.02	0.69	0.03

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GoGold Resources Account Relationship Matchups

GoGold Resources fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	183.1M	225.3M	264.7M	302.4M	347.8M	365.2M
Total Current Liabilities	8.1M	10.7M	11.8M	12.7M	14.6M	13.7M
Total Stockholder Equity	170.8M	206.3M	240.3M	281.6M	323.8M	340.0M
Net Tangible Assets	72.8M	170.8M	206.3M	240.3M	276.4M	290.2M
Retained Earnings	(34.3M)	(27.2M)	(26.5M)	(34.4M)	(31.0M)	(32.5M)
Accounts Payable	6.1M	7.6M	4.1M	6.2M	7.2M	5.0M
Cash	52.6M	66.8M	73.3M	95.2M	109.5M	115.0M
Other Stockholder Equity	8.9M	10.3M	12.1M	13.7M	15.7M	9.8M
Total Liab	12.3M	19.1M	24.3M	20.9M	24.0M	21.6M
Total Current Assets	73.7M	88.3M	89.2M	114.4M	131.5M	138.1M
Common Stock	202.4M	227.5M	264.0M	310.9M	357.5M	375.4M
Other Current Liab	1.5M	3.1M	5.2M	1.8M	2.0M	1.3M
Net Debt	(50.9M)	(65.9M)	(72.3M)	(94.5M)	(85.0M)	(80.8M)
Non Current Assets Total	109.4M	137.0M	175.5M	188.0M	216.3M	227.1M
Non Currrent Assets Other	21.4M	32.6M	48.9M	51.4M	59.1M	62.1M
Other Assets	26.3M	21.4M	32.6M	35.7M	41.0M	43.1M
Cash And Short Term Investments	52.6M	66.8M	73.3M	95.2M	109.5M	115.0M
Common Stock Shares Outstanding	217.1M	281.7M	299.3M	315.3M	362.6M	380.7M
Liabilities And Stockholders Equity	183.1M	225.3M	264.7M	302.4M	347.8M	365.2M
Property Plant And Equipment Net	88.0M	104.4M	126.6M	136.6M	157.1M	87.0M
Net Receivables	11.6M	11.5M	3.6M	2.9M	3.4M	3.5M
Inventory	9.2M	9.2M	11.9M	14.6M	16.8M	9.5M
Other Current Assets	286K	817K	354K	1.6M	1.9M	3.4M
Property Plant And Equipment Gross	88.0M	155.1M	183.5M	198.5M	228.2M	239.6M
Short Term Debt	0.0	2.1M	426K	38K	34.2K	32.5K
Property Plant Equipment	37.0M	88.0M	104.4M	126.6M	145.6M	81.6M
Other Liab	3.6M	2.9M	7.4M	11.5M	13.2M	13.9M
Non Current Liabilities Total	4.2M	8.3M	12.5M	8.2M	7.4M	7.6M
Accumulated Other Comprehensive Income	(6.1M)	(4.4M)	(9.3M)	(8.6M)	(7.8M)	(8.2M)
Short Long Term Debt Total	2.0M	959K	1.0M	775K	697.5K	662.6K
Long Term Debt Total	1.7M	1.6M	959K	1.5M	1.4M	1.3M
Capital Surpluse	8.0M	8.9M	10.3M	12.1M	13.9M	9.3M
Net Invested Capital	170.8M	206.3M	240.3M	281.6M	323.8M	184.6M
Net Working Capital	65.7M	77.6M	77.4M	101.7M	117.0M	122.8M
Capital Stock	202.4M	227.5M	264.0M	310.9M	357.5M	237.5M
Non Current Liabilities Other	298K	959K	1.5M	378K	340.2K	323.2K

Pair Trading with GoGold Resources

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 GoGold Resources 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 GoGold Resources will appreciate offsetting losses from the drop in the long position's value.

Moving together with GoGold Stock

0.92	AG	First Majestic Silver	Pair Corr
0.75	IE	Ivanhoe Energy	Pair Corr
0.66	FDY	Faraday Copper Corp	Pair Corr

Moving against GoGold Stock

0.42

AVCN

Avicanna

Pair Corr

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

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

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

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GoGold Net Debt vs Common Stock Analysis

Net Debt vs Common Stock

Net Debt vs Common Stock Correlation Analysis

Correlation Coefficient

Net Debt

Common Stock

GoGold Resources fundamental ratios Correlations

GoGold Resources Account Relationship Matchups

High Positive Relationship

High Negative Relationship

GoGold Resources fundamental ratios Accounts

Pair Trading with GoGold Resources

Moving together with GoGold Stock

Moving against GoGold Stock

Other Information on Investing in GoGold Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Net Tangible Assets	+ 0.99	Total Stockholder Equity
Common Stock Shares Outstanding	+ 0.99	Common Stock
Property Plant And Equipment Gross	+ 0.99	Non Current Assets Total
Total Stockholder Equity	+ 0.98	Total Assets
Net Tangible Assets	+ 0.98	Total Assets

Cash And Short Term Investments	- 0.93	Net Debt
Net Debt	- 0.93	Cash
Net Debt	- 0.84	Net Tangible Assets
Net Debt	- 0.84	Total Stockholder Equity
Non Currrent Assets Other	- 0.82	Net Debt
Net Debt	- 0.82	Total Current Assets