Goliath Historical Balance Sheet

GOT Stock  CAD 1.11  0.03  2.63%   
Trend analysis of Goliath Resources balance sheet accounts such as Total Stockholder Equity of 2.3 M or Accounts Payable of 332.6 K provides information on Goliath Resources' total assets, liabilities, and equity, which is the actual value of Goliath Resources to its prevalent stockholders. By breaking down trends over time using Goliath Resources balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
 
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Financial Statement Analysis is much more than just reviewing and examining Goliath Resources latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Goliath Resources is a good buy for the upcoming year.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Goliath 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.

About Goliath Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of Goliath Resources at a specified time, usually calculated after every quarter, six months, or one year. Goliath Resources Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Goliath Resources and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Goliath currently owns. An asset can also be divided into two categories, current and non-current.

Goliath Resources Balance Sheet Chart

At this time, Goliath Resources' Net Invested Capital is fairly stable compared to the past year. Net Working Capital is likely to climb to about 5.1 M in 2024, whereas Total Stockholder Equity is likely to drop slightly above 2.3 M in 2024.

Total Assets

Total assets refers to the total amount of Goliath Resources 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 Goliath Resources 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.

Total Current Liabilities

Total Current Liabilities is an item on Goliath Resources balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Goliath Resources are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

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.

Accounts Payable

An accounting item on the balance sheet that represents Goliath Resources obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Goliath Resources are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
Most accounts from Goliath Resources' balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Goliath Resources current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, 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 Goliath 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.
At this time, Goliath Resources' Net Invested Capital is fairly stable compared to the past year. Net Working Capital is likely to climb to about 5.1 M in 2024, whereas Total Stockholder Equity is likely to drop slightly above 2.3 M in 2024.
 2021 2022 2023 2024 (projected)
Total Current Liabilities642.6K3.9M1.2M1.3M
Total Assets14.9M10.0M4.7M2.7M

Goliath Resources balance sheet Correlations

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0.840.630.81-0.98-0.870.780.820.620.790.90.950.630.840.430.710.92-0.560.91-0.56-0.56-0.810.830.820.87-0.56
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0.680.730.61-0.89-0.980.780.650.780.950.660.980.730.680.540.670.99-0.70.75-0.7-0.7-0.830.620.610.96-0.7
0.591.00.42-0.64-0.720.920.580.910.630.340.650.730.580.960.470.75-0.270.45-0.27-0.27-0.590.380.370.66-0.27
1.00.580.98-0.92-0.520.811.00.380.840.820.540.680.580.470.760.63-0.030.95-0.03-0.03-0.630.940.930.49-0.03
0.480.960.29-0.46-0.540.840.470.820.430.160.450.540.960.470.410.56-0.050.28-0.05-0.05-0.440.220.20.45-0.05
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0.630.750.55-0.86-0.990.770.60.810.920.620.990.990.750.630.560.62-0.730.7-0.73-0.73-0.840.560.550.98-0.73
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0.950.450.96-0.96-0.620.710.930.340.910.870.660.750.450.950.280.740.7-0.23-0.23-0.23-0.670.960.950.61-0.23
-0.04-0.27-0.020.410.77-0.17-0.01-0.53-0.56-0.24-0.81-0.7-0.27-0.03-0.05-0.16-0.731.0-0.231.00.53-0.13-0.13-0.831.0
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-0.63-0.59-0.590.770.81-0.69-0.59-0.57-0.81-0.76-0.82-0.83-0.59-0.63-0.44-0.63-0.840.53-0.670.530.53-0.55-0.54-0.780.53
0.940.380.97-0.9-0.450.650.950.230.830.840.520.620.380.940.220.610.56-0.130.96-0.13-0.13-0.551.00.46-0.13
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Goliath Resources Account Relationship Matchups

Goliath Resources balance sheet Accounts

201920202021202220232024 (projected)
Total Assets612.0K5.9M14.9M10.0M4.7M2.7M
Total Current Liabilities300.9K459.8K642.6K3.9M1.2M1.3M
Total Stockholder Equity311.1K5.5M14.2M6.1M3.4M2.3M
Net Debt(26.1K)(5.0M)(13.4M)(8.9M)(8.0M)(7.6M)
Retained Earnings(9.5M)(14.7M)(27.6M)(48.5M)(66.8M)(63.4M)
Accounts Payable218.8K270.6K604.8K1.0M498.2K332.6K
Cash26.1K5.0M13.4M8.9M3.1M2.3M
Cash And Short Term Investments109.9K5.2M13.5M9.1M10.5M11.0M
Net Receivables250.5K71.6K605.2K179.3K206.2K216.5K
Common Stock Shares Outstanding9.4M35.5M59.5M74.2M118.0M123.9M
Liabilities And Stockholders Equity612.0K5.9M14.9M10.0M11.5M12.0M
Other Stockholder Equity2.9M6.8M14.9M17.3M19.9M20.9M
Total Liab300.9K459.8K642.6K3.9M1.2M1.3M
Total Current Assets612.0K5.9M14.9M9.8M4.5M2.7M
Other Current Liab300.9K459.8K37.8K2.8M680.7K360.0K
Other Current Assets251.6K618.8K711.5K505.1K580.9K292.5K
Common Stock6.9M13.4M26.9M37.3M42.9M45.1M
Net Tangible Assets311.1K5.5M14.2M6.1M7.0M4.8M
Short Term Investments83.8K211.3K121.8K151.5K75.6K71.8K
Net Invested Capital311.1K5.5M14.2M6.1M3.4M5.1M
Net Working Capital311.1K5.5M14.2M5.9M3.3M5.1M
Capital Stock6.9M13.4M26.9M37.3M55.7M58.5M

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When running Goliath Resources' price analysis, check to measure Goliath Resources' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Goliath Resources is operating at the current time. Most of Goliath Resources' value examination focuses on studying past and present price action to predict the probability of Goliath Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Goliath Resources' price. Additionally, you may evaluate how the addition of Goliath Resources to your portfolios can decrease your overall portfolio volatility.