Golden Net Debt vs Cash And Short Term Investments Analysis
| GMET Stock | 31.00 1.40 4.32% |
Golden Metal financial indicator trend analysis is much more than just examining Golden Metal Resources latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Golden Metal Resources is a good investment. Please check the relationship between Golden Metal 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 Golden Metal 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 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 Golden Metal Resources Net Debt account and Cash And Short Term Investments. At this time, the significance of the direction appears to have pay attention.
The correlation between Golden Metal's Net Debt and Cash And Short Term Investments is -0.99. 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 Golden Metal Resources, assuming nothing else is changed. The correlation between historical values of Golden Metal'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 Golden Metal Resources 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., Golden Metal's Net Debt and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | -0.99 |
| Relationship Direction | Negative |
| Relationship Strength | Significant |
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 Golden Metal Resources balance sheet. This account contains Golden Metal investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Golden Metal Resources 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 Golden Metal's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Golden Metal 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 Golden Metal 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. Selling General Administrative is likely to drop to about 471.2 K in 2024. Issuance Of Capital Stock is likely to drop to about 1.7 M in 2024
| 2010 | 2023 | 2024 (projected) | Gross Profit | 30K | 27K | 24K | Total Revenue | 30K | 27K | 24K |
Golden Metal fundamental ratios Correlations
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Golden Metal Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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