Golden Net Debt vs Common Stock Shares Outstanding 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 Common Stock Shares Outstanding 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 Common Stock Shares Outstanding
Net Debt vs Common Stock Shares Outstanding 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 Common Stock Shares Outstanding. At this time, the significance of the direction appears to have pay attention.
The correlation between Golden Metal's Net Debt and Common Stock Shares Outstanding is -0.95. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Common Stock Shares Outstanding 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 Common Stock Shares Outstanding 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 Common Stock Shares Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Shares Outstanding has no effect on the direction of Net Debt i.e., Golden Metal's Net Debt and Common Stock Shares Outstanding go up and down completely randomly.
Correlation Coefficient | -0.95 |
| 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.Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.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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