GoldMining Net Receivables vs Net Debt Analysis

GLDG Stock

USD 0.86 0.03 3.37%

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

For more detail on how to invest in GoldMining Stock please use our How to Invest in GoldMining guide.

Net Receivables vs Net Debt

Net Receivables vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of GoldMining Net Receivables account and Net Debt. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between GoldMining's Net Receivables and Net Debt is -0.62. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Net Debt in the same time period over historical financial statements of GoldMining, assuming nothing else is changed. The correlation between historical values of GoldMining's Net Receivables and Net Debt 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 Receivables of GoldMining are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Net Receivables i.e., GoldMining's Net Receivables and Net Debt go up and down completely randomly.

Correlation Coefficient

-0.62

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

Net Receivables

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.

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

For more detail on how to invest in GoldMining Stock please use our How to Invest in GoldMining guide.At this time, GoldMining's Issuance Of Capital Stock is most likely to increase significantly in the upcoming years. The GoldMining's current Enterprise Value is estimated to increase to about 271.5 M, while Enterprise Value Over EBITDA is projected to decrease to (9.64).

	2021	2022	2023	2024 (projected)
Total Operating Expenses	14.8M	25.3M	29.1M	30.5M
Cost Of Revenue	210K	237K	213.3K	274.9K

Total Operating Expenses Cost Of Revenue

GoldMining fundamental ratios Correlations

	Total Assets	Other Current Liab	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	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Net Tangible Assets	Non Current Liabilities Total	Short Long Term Debt	Short Term Debt	Common Stock	Property Plant Equipment	Short Long Term Debt Total	Current Deferred Revenue
Total Assets		0.43	0.73	1.0	0.13	-0.27	0.66	-0.1	0.67	0.99	0.67	0.62	0.8	0.72	-0.75	0.76	0.73	0.69	0.99	0.71	0.94	0.6	0.81	0.73	0.63	0.27
Other Current Liab	0.43		-0.19	0.46	-0.41	-0.59	0.2	-0.62	0.62	0.37	0.62	0.77	0.47	0.89	-0.65	-0.14	0.4	0.65	0.48	-0.04	0.45	-0.34	0.53	0.36	-0.31	0.23
Total Current Liabilities	0.73	-0.19		0.7	0.44	0.35	0.57	0.25	0.1	0.79	0.1	0.04	0.46	0.13	-0.35	0.96	0.43	0.1	0.65	0.79	0.68	0.97	0.44	0.42	0.98	0.12
Total Stockholder Equity	1.0	0.46	0.7		0.12	-0.31	0.64	-0.11	0.7	0.99	0.7	0.65	0.81	0.75	-0.77	0.72	0.74	0.72	0.99	0.68	0.93	0.56	0.83	0.74	0.6	0.28
Property Plant And Equipment Net	0.13	-0.41	0.44	0.12		0.31	-0.45	0.7	-0.24	0.19	-0.24	-0.5	0.33	-0.39	0.19	0.37	0.52	-0.26	0.13	0.21	-0.16	0.42	0.27	0.52	0.41	0.14
Net Debt	-0.27	-0.59	0.35	-0.31	0.31		0.0	0.16	-0.88	-0.16	-0.87	-0.62	-0.39	-0.61	0.44	0.29	-0.35	-0.87	-0.38	0.16	-0.2	0.48	-0.46	-0.43	0.45	-0.26
Retained Earnings	0.66	0.2	0.57	0.64	-0.45	0.0		-0.38	0.38	0.66	0.38	0.6	0.22	0.51	-0.58	0.59	0.05	0.4	0.6	0.56	0.86	0.55	0.27	0.05	0.57	0.11
Accounts Payable	-0.1	-0.62	0.25	-0.11	0.7	0.16	-0.38		-0.18	-0.08	-0.18	-0.45	0.02	-0.52	0.24	0.13	0.19	-0.22	-0.12	-0.07	-0.31	0.2	0.01	0.16	0.19	-0.15
Cash	0.67	0.62	0.1	0.7	-0.24	-0.88	0.38	-0.18		0.58	1.0	0.77	0.6	0.8	-0.67	0.16	0.51	1.0	0.75	0.22	0.62	-0.05	0.66	0.59	-0.02	0.31
Non Current Assets Total	0.99	0.37	0.79	0.99	0.19	-0.16	0.66	-0.08	0.58		0.58	0.55	0.78	0.66	-0.72	0.81	0.72	0.6	0.97	0.75	0.93	0.67	0.79	0.71	0.7	0.25
Cash And Short Term Investments	0.67	0.62	0.1	0.7	-0.24	-0.87	0.38	-0.18	1.0	0.58		0.77	0.6	0.8	-0.67	0.16	0.51	1.0	0.75	0.22	0.62	-0.05	0.66	0.59	-0.02	0.31
Net Receivables	0.62	0.77	0.04	0.65	-0.5	-0.62	0.6	-0.45	0.77	0.55	0.77		0.49	0.9	-0.87	0.03	0.38	0.8	0.66	0.03	0.7	-0.1	0.57	0.37	-0.06	0.19
Common Stock Shares Outstanding	0.8	0.47	0.46	0.81	0.33	-0.39	0.22	0.02	0.6	0.78	0.6	0.49		0.64	-0.71	0.47	0.94	0.61	0.83	0.43	0.63	0.32	0.99	0.92	0.36	0.18
Other Current Assets	0.72	0.89	0.13	0.75	-0.39	-0.61	0.51	-0.52	0.8	0.66	0.8	0.9	0.64		-0.83	0.18	0.51	0.83	0.76	0.24	0.75	-0.03	0.69	0.5	0.01	0.2
Other Stockholder Equity	-0.75	-0.65	-0.35	-0.77	0.19	0.44	-0.58	0.24	-0.67	-0.72	-0.67	-0.87	-0.71	-0.83		-0.28	-0.59	-0.7	-0.78	-0.15	-0.77	-0.19	-0.77	-0.57	-0.23	-0.18
Total Liab	0.76	-0.14	0.96	0.72	0.37	0.29	0.59	0.13	0.16	0.81	0.16	0.03	0.47	0.18	-0.28		0.43	0.16	0.68	0.92	0.72	0.95	0.44	0.42	0.96	0.13
Property Plant And Equipment Gross	0.73	0.4	0.43	0.74	0.52	-0.35	0.05	0.19	0.51	0.72	0.51	0.38	0.94	0.51	-0.59	0.43		0.52	0.77	0.36	0.49	0.29	0.94	0.96	0.32	0.29
Total Current Assets	0.69	0.65	0.1	0.72	-0.26	-0.87	0.4	-0.22	1.0	0.6	1.0	0.8	0.61	0.83	-0.7	0.16	0.52		0.76	0.22	0.64	-0.05	0.67	0.59	-0.02	0.31
Net Tangible Assets	0.99	0.48	0.65	0.99	0.13	-0.38	0.6	-0.12	0.75	0.97	0.75	0.66	0.83	0.76	-0.78	0.68	0.77	0.76		0.64	0.91	0.52	0.85	0.79	0.55	0.31
Non Current Liabilities Total	0.71	-0.04	0.79	0.68	0.21	0.16	0.56	-0.07	0.22	0.75	0.22	0.03	0.43	0.24	-0.15	0.92	0.36	0.22	0.64		0.69	0.79	0.39	0.37	0.8	0.13
Short Long Term Debt	0.94	0.45	0.68	0.93	-0.16	-0.2	0.86	-0.31	0.62	0.93	0.62	0.7	0.63	0.75	-0.77	0.72	0.49	0.64	0.91	0.69		0.59	0.66	0.48	0.62	0.18
Short Term Debt	0.6	-0.34	0.97	0.56	0.42	0.48	0.55	0.2	-0.05	0.67	-0.05	-0.1	0.32	-0.03	-0.19	0.95	0.29	-0.05	0.52	0.79	0.59		0.29	0.29	1.0	0.09
Common Stock	0.81	0.53	0.44	0.83	0.27	-0.46	0.27	0.01	0.66	0.79	0.66	0.57	0.99	0.69	-0.77	0.44	0.94	0.67	0.85	0.39	0.66	0.29		0.92	0.32	0.25
Property Plant Equipment	0.73	0.36	0.42	0.74	0.52	-0.43	0.05	0.16	0.59	0.71	0.59	0.37	0.92	0.5	-0.57	0.42	0.96	0.59	0.79	0.37	0.48	0.29	0.92		0.32	0.36
Short Long Term Debt Total	0.63	-0.31	0.98	0.6	0.41	0.45	0.57	0.19	-0.02	0.7	-0.02	-0.06	0.36	0.01	-0.23	0.96	0.32	-0.02	0.55	0.8	0.62	1.0	0.32	0.32		0.1
Current Deferred Revenue	0.27	0.23	0.12	0.28	0.14	-0.26	0.11	-0.15	0.31	0.25	0.31	0.19	0.18	0.2	-0.18	0.13	0.29	0.31	0.31	0.13	0.18	0.09	0.25	0.36	0.1

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GoldMining Account Relationship Matchups

GoldMining fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	69.4M	200.2M	147.3M	136.9M	157.4M	165.3M
Other Current Liab	1.7M	46K	198K	2.3M	2.6M	2.7M
Total Current Liabilities	3.1M	13.6M	11.0M	2.3M	2.7M	3.5M
Total Stockholder Equity	64.3M	175.7M	135.1M	129.2M	148.6M	156.1M
Property Plant And Equipment Net	57.7M	56.3M	58.6M	3.2M	3.7M	3.5M
Net Debt	(8.7M)	987.6K	751K	(21.2M)	(19.1M)	(18.1M)
Retained Earnings	(59.9M)	41.2M	28.0M	20.2M	23.2M	24.4M
Accounts Payable	923.2K	992K	1.7M	7K	8.1K	7.6K
Cash	9.2M	11.7M	8.3M	21.6M	24.8M	26.1M
Non Current Assets Total	59.3M	187.9M	138.1M	113.2M	130.1M	136.6M
Cash And Short Term Investments	9.3M	11.7M	8.3M	21.6M	24.8M	26.1M
Net Receivables	63.0K	40.1K	374K	594K	683.1K	717.3K
Common Stock Shares Outstanding	146.0M	152.5M	154.0M	171.9M	197.7M	111.7M
Liabilities And Stockholders Equity	69.4M	200.2M	147.3M	136.9M	157.4M	165.3M
Other Current Assets	829.0K	529K	499K	1.5M	1.8M	1.9M
Other Stockholder Equity	1.4M	(3.9M)	(494.0)	(43.8M)	(39.4M)	(37.4M)
Total Liab	3.9M	24.5M	12.2M	4.5M	5.1M	5.0M
Property Plant And Equipment Gross	57.7M	57.7M	60.3M	61.8M	71.0M	42.0M
Total Current Assets	10.1M	12.3M	9.2M	23.7M	27.3M	28.7M
Accumulated Other Comprehensive Income	(3.9M)	3.4M	(43.8M)	(67.5M)	(60.8M)	(57.7M)
Net Tangible Assets	65.6M	64.3M	175.7M	135.1M	155.4M	163.1M
Non Current Liabilities Total	861.9K	10.9M	1.2M	2.1M	2.4M	1.7M
Common Stock	128.2M	131.1M	150.9M	176.6M	203.1M	102.0M
Property Plant Equipment	59.5M	57.7M	56.3M	58.6M	67.4M	39.1M
Other Liab	816.7K	815.8K	10.8M	1.1M	1.3M	2.4M
Long Term Investments	1.1M	131.1M	79.0M	52.6M	60.5M	37.1M
Net Invested Capital	64.7M	188.2M	143.9M	129.2M	148.6M	115.9M
Net Working Capital	7.1M	(1.3M)	(1.8M)	21.4M	24.6M	25.8M
Capital Stock	128.2M	131.1M	150.9M	176.6M	203.1M	149.5M

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When determining whether GoldMining is a strong investment it is important to analyze GoldMining's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact GoldMining's future performance. For an informed investment choice regarding GoldMining Stock, refer to the following important reports:

How To Invest In GoldMining

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Is GoldMining Stock a good investment?

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What is GoldMining's Net Worth?

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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GoldMining. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

For more detail on how to invest in GoldMining Stock please use our How to Invest in GoldMining guide.

You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.

Is Diversified Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of GoldMining. If investors know GoldMining will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about GoldMining listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Earnings Share

(0.09)

Return On Assets

(0.12)

Return On Equity

(0.21)

The market value of GoldMining is measured differently than its book value, which is the value of GoldMining that is recorded on the company's balance sheet. Investors also form their own opinion of GoldMining's value that differs from its market value or its book value, called intrinsic value, which is GoldMining's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because GoldMining's market value can be influenced by many factors that don't directly affect GoldMining's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between GoldMining's value and its price as these two are different measures arrived at by different means. Investors typically determine if GoldMining is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, GoldMining's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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GoldMining Net Receivables vs Net Debt Analysis

Net Receivables vs Net Debt

Net Receivables vs Net Debt Correlation Analysis

Correlation Coefficient

Net Receivables

Net Debt

GoldMining fundamental ratios Correlations

GoldMining Account Relationship Matchups

High Positive Relationship

High Negative Relationship

GoldMining fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Cash And Short Term Investments	+ 1.0	Cash
Total Current Assets	+ 1.0	Cash
Total Current Assets	+ 1.0	Cash And Short Term Investments
Short Long Term Debt Total	+ 1.0	Short Term Debt
Non Current Assets Total	+ 0.99	Total Assets

Cash	- 0.88	Net Debt
Other Stockholder Equity	- 0.87	Net Receivables
Total Current Assets	- 0.87	Net Debt
Cash And Short Term Investments	- 0.87	Net Debt
Other Stockholder Equity	- 0.83	Other Current Assets
Net Tangible Assets	- 0.78	Other Stockholder Equity