Giga Total Liab vs Total Assets Analysis

GIGA Stock

CAD 0.13 0.01 7.14%

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 Liab and its Total Assets 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 Liab vs Total Assets

Total Liab vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Giga Metals Corp Total Liab account and Total Assets. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Giga Metals' Total Liab and Total Assets is 0.44. Overlapping area represents the amount of variation of Total Liab that can explain the historical movement of Total Assets 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 Liab and Total Assets 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 Liab of Giga Metals Corp are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Total Liab i.e., Giga Metals' Total Liab and Total Assets go up and down completely randomly.

Correlation Coefficient

0.44

Relationship Direction	Positive
Relationship Strength	Weak

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Total Liab

The total amount of all liabilities that a company has, including both short-term and long-term liabilities.

Total Assets

Total assets refers to the total amount of Giga Metals assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Giga Metals Corp books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

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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