Giga Total Current Assets vs Total Cash From Operating Activities Analysis

GIGA Stock

CAD 0.11 0.02 15.38%

Giga Metals financial indicator trend analysis is much more than just examining Giga Metals Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Giga Metals Corp is a good investment. Please check the relationship between Giga Metals Total Current Assets and its Total Cash From Operating Activities accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Giga Metals Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Total Current Assets vs Total Cash From Operating Activities

Total Current Assets vs Total Cash From Operating Activities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Giga Metals Corp Total Current Assets account and Total Cash From Operating Activities. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Giga Metals' Total Current Assets and Total Cash From Operating Activities is -0.61. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Total Cash From Operating Activities in the same time period over historical financial statements of Giga Metals Corp, assuming nothing else is changed. The correlation between historical values of Giga Metals' Total Current Assets and Total Cash From Operating Activities 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 Current Assets of Giga Metals Corp are associated (or correlated) with its Total Cash From Operating Activities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Cash From Operating Activities has no effect on the direction of Total Current Assets i.e., Giga Metals' Total Current Assets and Total Cash From Operating Activities go up and down completely randomly.

Correlation Coefficient

-0.61

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Total Cash From Operating Activities

Most indicators from Giga Metals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Giga Metals Corp 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 Giga Metals Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Selling General Administrative is likely to drop to about 1.5 M in 2024. Issuance Of Capital Stock is expected to grow at the current pace this year

	2023	2024 (projected)
Non Recurring	19.4K	16.7K
Interest Income	123.1K	129.3K

Non Recurring Interest Income

Giga Metals 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	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Total Liab	Total Current Assets	Common Stock	Other Current Liab	Other Stockholder Equity	Other Current Assets	Non Current Liabilities Total	Inventory	Short Long Term Debt Total	Short Term Debt	Other Liab	Net Tangible Assets	Other Assets
Total Assets		0.24	0.99	0.75	-0.09	0.34	0.07	0.09	0.98	0.39	0.03	-0.22	0.12	0.44	-0.01	0.32	0.33	-0.26	-0.21	0.46	-0.31	-0.43	-0.05	0.31	0.68	0.62
Total Current Liabilities	0.24		0.15	0.11	-0.62	-0.32	0.92	0.64	0.11	0.06	0.67	0.38	0.74	0.93	0.7	0.43	0.84	-0.17	0.41	0.8	-0.02	-0.16	0.4	0.68	0.01	0.52
Total Stockholder Equity	0.99	0.15		0.74	-0.01	0.4	0.0	0.02	0.99	0.41	-0.04	-0.22	0.03	0.35	-0.08	0.25	0.26	-0.27	-0.24	0.38	-0.3	-0.44	-0.12	0.21	0.71	0.56
Property Plant And Equipment Net	0.75	0.11	0.74		-0.04	0.15	-0.08	0.06	0.75	-0.27	0.0	-0.21	0.25	0.29	-0.03	0.32	0.24	-0.14	-0.15	0.32	-0.25	-0.17	0.21	0.36	0.43	0.55
Net Debt	-0.09	-0.62	-0.01	-0.04		0.45	-0.59	-1.0	0.07	0.17	-0.94	0.07	-0.55	-0.6	-0.89	-0.46	-0.37	0.15	-0.54	-0.47	0.2	-0.25	-0.41	-0.47	0.23	-0.14
Retained Earnings	0.34	-0.32	0.4	0.15	0.45		-0.17	-0.47	0.43	0.36	-0.52	-0.29	-0.7	-0.33	-0.55	-0.77	-0.16	-0.22	-0.48	-0.1	0.6	-0.62	-0.82	-0.45	0.88	0.14
Accounts Payable	0.07	0.92	0.0	-0.08	-0.59	-0.17		0.6	-0.06	0.06	0.66	0.37	0.56	0.74	0.69	0.15	0.69	-0.2	0.5	0.62	0.21	-0.15	0.21	0.5	0.06	0.4
Cash	0.09	0.64	0.02	0.06	-1.0	-0.47	0.6		-0.07	-0.18	0.94	-0.06	0.59	0.63	0.89	0.47	0.41	-0.15	0.53	0.5	-0.21	0.25	0.44	0.49	-0.24	0.15
Non Current Assets Total	0.98	0.11	0.99	0.75	0.07	0.43	-0.06	-0.07		0.42	-0.14	-0.27	0.0	0.32	-0.19	0.22	0.25	-0.22	-0.34	0.38	-0.26	-0.49	-0.13	0.23	0.73	0.6
Non Currrent Assets Other	0.39	0.06	0.41	-0.27	0.17	0.36	0.06	-0.18	0.42		-0.21	-0.03	-0.25	0.13	-0.21	-0.1	0.16	-0.12	-0.26	0.16	-0.06	-0.45	-0.44	-0.17	0.41	0.08
Cash And Short Term Investments	0.03	0.67	-0.04	0.0	-0.94	-0.52	0.66	0.94	-0.14	-0.21		0.17	0.63	0.59	0.98	0.48	0.42	-0.17	0.69	0.39	-0.23	0.32	0.43	0.43	-0.3	0.08
Net Receivables	-0.22	0.38	-0.22	-0.21	0.07	-0.29	0.37	-0.06	-0.27	-0.03	0.17		0.24	0.2	0.33	0.15	0.29	-0.11	0.31	-0.02	-0.15	0.29	0.07	-0.13	-0.27	-0.23
Common Stock Shares Outstanding	0.12	0.74	0.03	0.25	-0.55	-0.7	0.56	0.59	0.0	-0.25	0.63	0.24		0.78	0.65	0.72	0.7	0.04	0.53	0.64	-0.31	0.13	0.84	0.81	-0.37	0.4
Total Liab	0.44	0.93	0.35	0.29	-0.6	-0.33	0.74	0.63	0.32	0.13	0.59	0.2	0.78		0.59	0.59	0.82	-0.15	0.23	0.93	-0.18	-0.2	0.51	0.79	0.08	0.63
Total Current Assets	-0.01	0.7	-0.08	-0.03	-0.89	-0.55	0.69	0.89	-0.19	-0.21	0.98	0.33	0.65	0.59		0.49	0.45	-0.18	0.74	0.36	-0.25	0.36	0.43	0.39	-0.34	0.03
Common Stock	0.32	0.43	0.25	0.32	-0.46	-0.77	0.15	0.47	0.22	-0.1	0.48	0.15	0.72	0.59	0.49		0.31	0.03	0.31	0.38	-0.82	0.32	0.78	0.65	-0.42	0.29
Other Current Liab	0.33	0.84	0.26	0.24	-0.37	-0.16	0.69	0.41	0.25	0.16	0.42	0.29	0.7	0.82	0.45	0.31		-0.1	0.23	0.76	0.05	-0.3	0.3	0.57	0.1	0.5
Other Stockholder Equity	-0.26	-0.17	-0.27	-0.14	0.15	-0.22	-0.2	-0.15	-0.22	-0.12	-0.17	-0.11	0.04	-0.15	-0.18	0.03	-0.1		-0.24	-0.15	-0.09	0.18	0.12	-0.01	-0.34	-0.21
Other Current Assets	-0.21	0.41	-0.24	-0.15	-0.54	-0.48	0.5	0.53	-0.34	-0.26	0.69	0.31	0.53	0.23	0.74	0.31	0.23	-0.24		0.03	-0.1	0.24	0.4	0.28	-0.38	-0.06
Non Current Liabilities Total	0.46	0.8	0.38	0.32	-0.47	-0.1	0.62	0.5	0.38	0.16	0.39	-0.02	0.64	0.93	0.36	0.38	0.76	-0.15	0.03		0.08	-0.39	0.41	0.78	0.29	0.71
Inventory	-0.31	-0.02	-0.3	-0.25	0.2	0.6	0.21	-0.21	-0.26	-0.06	-0.23	-0.15	-0.31	-0.18	-0.25	-0.82	0.05	-0.09	-0.1	0.08		-0.47	-0.43	-0.14	0.42	0.1
Short Long Term Debt Total	-0.43	-0.16	-0.44	-0.17	-0.25	-0.62	-0.15	0.25	-0.49	-0.45	0.32	0.29	0.13	-0.2	0.36	0.32	-0.3	0.18	0.24	-0.39	-0.47		0.41	-0.17	-0.73	-0.5
Short Term Debt	-0.05	0.4	-0.12	0.21	-0.41	-0.82	0.21	0.44	-0.13	-0.44	0.43	0.07	0.84	0.51	0.43	0.78	0.3	0.12	0.4	0.41	-0.43	0.41		0.77	-0.55	0.32
Other Liab	0.31	0.68	0.21	0.36	-0.47	-0.45	0.5	0.49	0.23	-0.17	0.43	-0.13	0.81	0.79	0.39	0.65	0.57	-0.01	0.28	0.78	-0.14	-0.17	0.77		-0.06	0.77
Net Tangible Assets	0.68	0.01	0.71	0.43	0.23	0.88	0.06	-0.24	0.73	0.41	-0.3	-0.27	-0.37	0.08	-0.34	-0.42	0.1	-0.34	-0.38	0.29	0.42	-0.73	-0.55	-0.06		0.49
Other Assets	0.62	0.52	0.56	0.55	-0.14	0.14	0.4	0.15	0.6	0.08	0.08	-0.23	0.4	0.63	0.03	0.29	0.5	-0.21	-0.06	0.71	0.1	-0.5	0.32	0.77	0.49

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Giga Metals Account Relationship Matchups

Giga Metals fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	7.7M	10.2M	15.0M	25.2M	23.3M	17.4M
Total Current Liabilities	459.9K	218.9K	442.9K	705.6K	395.5K	285.9K
Total Stockholder Equity	6.9M	9.6M	14.1M	20.5M	19.0M	16.5M
Property Plant And Equipment Net	4.7M	6.1M	12.6M	17.3M	21.1M	22.1M
Net Debt	(1.3M)	(3.5M)	(1.3M)	(7.0M)	(1.4M)	(1.5M)
Retained Earnings	(56.0M)	(58.0M)	(60.8M)	(59.0M)	(60.9M)	(57.9M)
Accounts Payable	235.4K	81.3K	278.2K	432.4K	127.5K	146.7K
Cash	1.6M	3.8M	1.5M	7.2M	1.5M	1.9M
Non Current Assets Total	5.0M	6.3M	13.1M	17.7M	21.5M	14.9M
Cash And Short Term Investments	1.6M	3.8M	1.5M	7.2M	1.5M	2.1M
Net Receivables	1.1M	103.7K	279.5K	75.1K	97.3K	92.4K
Common Stock Shares Outstanding	51.2M	60.5M	80.8M	96.6M	97.9M	102.8M
Liabilities And Stockholders Equity	7.7M	10.2M	15.0M	25.2M	23.3M	17.4M
Total Liab	877.2K	663.1K	935.4K	1.4M	1.0M	617.2K
Total Current Assets	2.8M	4.0M	1.9M	7.5M	1.8M	2.5M
Common Stock	55.1M	60.2M	65.2M	68.6M	78.9M	56.7M
Other Current Liab	148.4K	49.4K	63.0K	180.9K	158.6K	166.5K
Other Stockholder Equity	7.8M	7.4M	9.6M	10.8M	9.7M	14.5M
Accumulated Other Comprehensive Income	7.8M	(933.0)	(3.2K)	9.8K	11.3M	11.8M
Other Current Assets	64.4K	87.5K	160.3K	184.9K	143.8K	190.2K
Non Current Liabilities Total	417.4K	444.2K	492.5K	664.5K	620.1K	340.2K
Net Tangible Assets	6.8M	6.9M	9.6M	14.1M	12.6M	7.6M
Property Plant Equipment	2.4M	4.7M	6.1M	12.6M	11.4M	6.1M
Net Invested Capital	6.9M	9.6M	14.1M	20.5M	19.0M	12.8M
Net Working Capital	2.3M	3.7M	1.5M	6.8M	1.4M	1.3M
Capital Stock	55.1M	60.2M	65.2M	68.6M	78.9M	68.1M

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