Goliath Cash And Short Term Investments vs Short Term Investments Analysis

GOT Stock

CAD 1.14 0.03 2.70%

Goliath Resources financial indicator trend analysis is much more than just examining Goliath Resources latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Goliath Resources is a good investment. Please check the relationship between Goliath Resources Cash And Short Term Investments and its Short Term Investments accounts. 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.

Cash And Short Term Investments vs Short Term Investments

Cash And Short Term Investments vs Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Goliath Resources Cash And Short Term Investments account and Short Term Investments. At this time, the significance of the direction appears to have pay attention.

The correlation between Goliath Resources' Cash And Short Term Investments and Short Term Investments is -0.81. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Short Term Investments in the same time period over historical financial statements of Goliath Resources, assuming nothing else is changed. The correlation between historical values of Goliath Resources' Cash And Short Term Investments 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 Cash And Short Term Investments of Goliath Resources are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Cash And Short Term Investments i.e., Goliath Resources' Cash And Short Term Investments and Short Term Investments go up and down completely randomly.

Correlation Coefficient

-0.81

Relationship Direction	Negative
Relationship Strength	Significant

View All Relationships

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Goliath Resources balance sheet. This account contains Goliath Resources investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Goliath 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.

Short Term Investments

Short Term Investments is an item under the current assets section of Goliath Resources balance sheet. It contains any investments Goliath Resources undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Goliath Resources can easily liquidate in the marketplace.

Most indicators from Goliath Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators 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 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 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' Selling General Administrative is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to climb to about 26.2 K in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 8.4 M in 2024.

	2017	2022	2023	2024 (projected)
Interest Income	37.8K	170.3K	141.9K	96.3K
Net Interest Income	37.8K	170.3K	141.9K	96.3K

Interest Income Net Interest Income

Goliath Resources fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Total Current Assets	Other Current Liab	Other Current Assets	Common Stock	Short Long Term Debt Total	Net Tangible Assets	Short Long Term Debt	Short Term Debt	Short Term Investments	Net Invested Capital	Net Working Capital	Capital Stock	Property Plant Equipment
Total Assets		0.59	0.98	-0.92	-0.53	0.82	1.0	0.39	0.84	0.82	0.55	0.68	0.59	1.0	0.48	0.76	0.63	-0.04	0.95	-0.04	-0.04	-0.63	0.94	0.93	0.49	-0.04
Total Current Liabilities	0.59		0.42	-0.64	-0.72	0.92	0.58	0.91	0.63	0.34	0.65	0.73	1.0	0.58	0.96	0.47	0.75	-0.27	0.45	-0.27	-0.27	-0.59	0.38	0.37	0.66	-0.27
Total Stockholder Equity	0.98	0.42		-0.9	-0.44	0.69	0.98	0.22	0.81	0.85	0.49	0.61	0.42	0.98	0.29	0.74	0.55	-0.02	0.96	-0.02	-0.02	-0.59	0.97	0.97	0.42	-0.02
Net Debt	-0.92	-0.64	-0.9		0.78	-0.82	-0.91	-0.57	-0.98	-0.83	-0.81	-0.89	-0.64	-0.92	-0.46	-0.75	-0.86	0.41	-0.96	0.41	0.41	0.77	-0.9	-0.89	-0.77	0.41
Retained Earnings	-0.53	-0.72	-0.44	0.78		-0.71	-0.49	-0.83	-0.87	-0.53	-0.99	-0.98	-0.72	-0.52	-0.54	-0.57	-0.99	0.77	-0.62	0.77	0.77	0.81	-0.45	-0.44	-0.99	0.77
Accounts Payable	0.82	0.92	0.69	-0.82	-0.71		0.8	0.76	0.78	0.62	0.67	0.78	0.92	0.81	0.84	0.59	0.77	-0.17	0.71	-0.17	-0.17	-0.69	0.65	0.64	0.66	-0.17
Cash	1.0	0.58	0.98	-0.91	-0.49	0.8		0.37	0.82	0.81	0.51	0.65	0.58	1.0	0.47	0.72	0.6	-0.01	0.93	-0.01	-0.01	-0.59	0.95	0.94	0.45	-0.01
Non Current Assets Total	0.39	0.91	0.22	-0.57	-0.83	0.76	0.37		0.62	0.23	0.77	0.78	0.91	0.38	0.82	0.3	0.81	-0.53	0.34	-0.53	-0.53	-0.57	0.23	0.22	0.8	-0.53
Cash And Short Term Investments	0.84	0.63	0.81	-0.98	-0.87	0.78	0.82	0.62		0.79	0.9	0.95	0.63	0.84	0.43	0.71	0.92	-0.56	0.91	-0.56	-0.56	-0.81	0.83	0.82	0.87	-0.56
Net Receivables	0.82	0.34	0.85	-0.83	-0.53	0.62	0.81	0.23	0.79		0.57	0.66	0.34	0.82	0.16	0.61	0.62	-0.24	0.87	-0.24	-0.24	-0.76	0.84	0.84	0.52	-0.24
Common Stock Shares Outstanding	0.55	0.65	0.49	-0.81	-0.99	0.67	0.51	0.77	0.9	0.57		0.98	0.65	0.54	0.45	0.56	0.99	-0.81	0.66	-0.81	-0.81	-0.82	0.52	0.51	0.99	-0.81
Other Stockholder Equity	0.68	0.73	0.61	-0.89	-0.98	0.78	0.65	0.78	0.95	0.66	0.98		0.73	0.68	0.54	0.67	0.99	-0.7	0.75	-0.7	-0.7	-0.83	0.62	0.61	0.96	-0.7
Total Liab	0.59	1.0	0.42	-0.64	-0.72	0.92	0.58	0.91	0.63	0.34	0.65	0.73		0.58	0.96	0.47	0.75	-0.27	0.45	-0.27	-0.27	-0.59	0.38	0.37	0.66	-0.27
Total Current Assets	1.0	0.58	0.98	-0.92	-0.52	0.81	1.0	0.38	0.84	0.82	0.54	0.68	0.58		0.47	0.76	0.63	-0.03	0.95	-0.03	-0.03	-0.63	0.94	0.93	0.49	-0.03
Other Current Liab	0.48	0.96	0.29	-0.46	-0.54	0.84	0.47	0.82	0.43	0.16	0.45	0.54	0.96	0.47		0.41	0.56	-0.05	0.28	-0.05	-0.05	-0.44	0.22	0.2	0.45	-0.05
Other Current Assets	0.76	0.47	0.74	-0.75	-0.57	0.59	0.72	0.3	0.71	0.61	0.56	0.67	0.47	0.76	0.41		0.62	-0.16	0.74	-0.16	-0.16	-0.63	0.61	0.61	0.48	-0.16
Common Stock	0.63	0.75	0.55	-0.86	-0.99	0.77	0.6	0.81	0.92	0.62	0.99	0.99	0.75	0.63	0.56	0.62		-0.73	0.7	-0.73	-0.73	-0.84	0.56	0.55	0.98	-0.73
Short Long Term Debt Total	-0.04	-0.27	-0.02	0.41	0.77	-0.17	-0.01	-0.53	-0.56	-0.24	-0.81	-0.7	-0.27	-0.03	-0.05	-0.16	-0.73		-0.23	1.0	1.0	0.53	-0.13	-0.13	-0.83	1.0
Net Tangible Assets	0.95	0.45	0.96	-0.96	-0.62	0.71	0.93	0.34	0.91	0.87	0.66	0.75	0.45	0.95	0.28	0.74	0.7	-0.23		-0.23	-0.23	-0.67	0.96	0.95	0.61	-0.23
Short Long Term Debt	-0.04	-0.27	-0.02	0.41	0.77	-0.17	-0.01	-0.53	-0.56	-0.24	-0.81	-0.7	-0.27	-0.03	-0.05	-0.16	-0.73	1.0	-0.23		1.0	0.53	-0.13	-0.13	-0.83	1.0
Short Term Debt	-0.04	-0.27	-0.02	0.41	0.77	-0.17	-0.01	-0.53	-0.56	-0.24	-0.81	-0.7	-0.27	-0.03	-0.05	-0.16	-0.73	1.0	-0.23	1.0		0.53	-0.13	-0.13	-0.83	1.0
Short Term Investments	-0.63	-0.59	-0.59	0.77	0.81	-0.69	-0.59	-0.57	-0.81	-0.76	-0.82	-0.83	-0.59	-0.63	-0.44	-0.63	-0.84	0.53	-0.67	0.53	0.53		-0.55	-0.54	-0.78	0.53
Net Invested Capital	0.94	0.38	0.97	-0.9	-0.45	0.65	0.95	0.23	0.83	0.84	0.52	0.62	0.38	0.94	0.22	0.61	0.56	-0.13	0.96	-0.13	-0.13	-0.55		1.0	0.46	-0.13
Net Working Capital	0.93	0.37	0.97	-0.89	-0.44	0.64	0.94	0.22	0.82	0.84	0.51	0.61	0.37	0.93	0.2	0.61	0.55	-0.13	0.95	-0.13	-0.13	-0.54	1.0		0.45	-0.13
Capital Stock	0.49	0.66	0.42	-0.77	-0.99	0.66	0.45	0.8	0.87	0.52	0.99	0.96	0.66	0.49	0.45	0.48	0.98	-0.83	0.61	-0.83	-0.83	-0.78	0.46	0.45		-0.83
Property Plant Equipment	-0.04	-0.27	-0.02	0.41	0.77	-0.17	-0.01	-0.53	-0.56	-0.24	-0.81	-0.7	-0.27	-0.03	-0.05	-0.16	-0.73	1.0	-0.23	1.0	1.0	0.53	-0.13	-0.13	-0.83

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Goliath Resources Account Relationship Matchups

Goliath Resources fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	612.0K	5.9M	14.9M	10.0M	4.7M	2.7M
Total Current Liabilities	300.9K	459.8K	642.6K	3.9M	1.2M	1.3M
Total Stockholder Equity	311.1K	5.5M	14.2M	6.1M	3.4M	2.3M
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 Payable	218.8K	270.6K	604.8K	1.0M	498.2K	332.6K
Cash	26.1K	5.0M	13.4M	8.9M	3.1M	2.3M
Cash And Short Term Investments	109.9K	5.2M	13.5M	9.1M	10.5M	11.0M
Net Receivables	250.5K	71.6K	605.2K	179.3K	206.2K	216.5K
Common Stock Shares Outstanding	9.4M	35.5M	59.5M	74.2M	118.0M	123.9M
Liabilities And Stockholders Equity	612.0K	5.9M	14.9M	10.0M	11.5M	12.0M
Other Stockholder Equity	2.9M	6.8M	14.9M	17.3M	19.9M	20.9M
Total Liab	300.9K	459.8K	642.6K	3.9M	1.2M	1.3M
Total Current Assets	612.0K	5.9M	14.9M	9.8M	4.5M	2.7M
Other Current Liab	300.9K	459.8K	37.8K	2.8M	680.7K	360.0K
Other Current Assets	251.6K	618.8K	711.5K	505.1K	580.9K	292.5K
Common Stock	6.9M	13.4M	26.9M	37.3M	42.9M	45.1M
Net Tangible Assets	311.1K	5.5M	14.2M	6.1M	7.0M	4.8M
Short Term Investments	83.8K	211.3K	121.8K	151.5K	75.6K	71.8K
Net Invested Capital	311.1K	5.5M	14.2M	6.1M	3.4M	5.1M
Net Working Capital	311.1K	5.5M	14.2M	5.9M	3.3M	5.1M
Capital Stock	6.9M	13.4M	26.9M	37.3M	55.7M	58.5M

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