Grande Net Tangible Assets vs Total Current Liabilities Analysis

GPG Stock

CAD 0.22 0.01 4.76%

Grande Portage financial indicator trend analysis is much more than just examining Grande Portage Resources latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Grande Portage Resources is a good investment. Please check the relationship between Grande Portage Net Tangible Assets and its Total Current Liabilities accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Grande Portage 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 Tangible Assets vs Total Current Liabilities

Net Tangible Assets vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Grande Portage Resources Net Tangible Assets account and Total Current Liabilities. At this time, the significance of the direction appears to have strong relationship.

The correlation between Grande Portage's Net Tangible Assets and Total Current Liabilities is 0.71. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Grande Portage Resources, assuming nothing else is changed. The correlation between historical values of Grande Portage's Net Tangible Assets and Total Current Liabilities 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 Tangible Assets of Grande Portage Resources are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Net Tangible Assets i.e., Grande Portage's Net Tangible Assets and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.71

Relationship Direction	Positive
Relationship Strength	Significant

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Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

Total Current Liabilities

Total Current Liabilities is an item on Grande Portage balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Grande Portage 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.

Most indicators from Grande Portage's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Grande Portage 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 Grande Portage 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, Grande Portage's Selling General Administrative is fairly stable compared to the past year. Issuance Of Capital Stock is likely to climb to about 1.8 M in 2024, whereas Enterprise Value Over EBITDA is likely to drop (24.77) in 2024.

Grande Portage fundamental ratios Correlations

	Total Assets	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 Stockholder Equity	Total Liab	Total Current Assets	Short Long Term Debt Total	Other Current Liab	Current Deferred Revenue	Short Term Debt	Non Currrent Assets Other	Inventory	Other Current Assets	Short Term Investments	Common Stock	Net Tangible Assets	Other Assets
Total Assets		0.78	1.0	0.99	-0.24	-0.62	0.84	0.31	0.99	0.41	-0.03	0.93	0.17	0.78	0.41	0.56	0.77	-0.31	0.58	-0.43	-0.16	0.09	-0.2	0.83	0.92	-0.24
Total Current Liabilities	0.78		0.76	0.82	-0.02	-0.58	0.96	0.1	0.82	-0.06	-0.16	0.8	0.01	1.0	-0.06	0.45	0.94	-0.14	0.48	-0.45	0.14	0.03	-0.38	0.66	0.71	-0.02
Total Stockholder Equity	1.0	0.76		0.99	-0.26	-0.61	0.82	0.32	0.99	0.43	-0.03	0.92	0.18	0.76	0.43	0.56	0.75	-0.31	0.58	-0.42	-0.17	0.1	-0.19	0.83	0.92	-0.25
Property Plant And Equipment Net	0.99	0.82	0.99		-0.15	-0.61	0.87	0.22	1.0	0.3	-0.07	0.93	0.13	0.83	0.3	0.56	0.82	-0.29	0.58	-0.42	-0.15	0.08	-0.23	0.82	0.92	-0.23
Net Debt	-0.24	-0.02	-0.26	-0.15		0.31	-0.09	-1.0	-0.15	-0.82	0.07	-0.26	0.02	0.01	-0.8	-0.11	-0.05	0.18	-0.1	0.3	-0.09	-0.1	0.2	-0.33	-0.23	0.09
Retained Earnings	-0.62	-0.58	-0.61	-0.61	0.31		-0.6	-0.35	-0.61	-0.28	0.44	-0.76	0.34	-0.56	-0.26	-0.66	-0.7	0.58	-0.66	0.48	-0.37	-0.21	0.56	-0.77	-0.43	0.0
Accounts Payable	0.84	0.96	0.82	0.87	-0.09	-0.6		0.17	0.87	0.02	-0.25	0.89	-0.06	0.96	0.01	0.38	0.94	-0.07	0.41	-0.61	0.17	0.12	-0.31	0.75	0.82	-0.23
Cash	0.31	0.1	0.32	0.22	-1.0	-0.35	0.17		0.22	0.81	-0.08	0.32	-0.02	0.07	0.79	0.14	0.12	-0.18	0.14	-0.33	0.1	0.1	-0.22	0.39	0.29	-0.1
Non Current Assets Total	0.99	0.82	0.99	1.0	-0.15	-0.61	0.87	0.22		0.3	-0.07	0.93	0.13	0.83	0.3	0.56	0.82	-0.29	0.58	-0.42	-0.14	0.08	-0.23	0.82	0.92	-0.23
Cash And Short Term Investments	0.41	-0.06	0.43	0.3	-0.82	-0.28	0.02	0.81	0.3		0.19	0.34	0.27	-0.08	0.99	0.16	-0.06	-0.25	0.15	-0.23	-0.13	0.07	0.13	0.43	0.39	-0.15
Net Receivables	-0.03	-0.16	-0.03	-0.07	0.07	0.44	-0.25	-0.08	-0.07	0.19		-0.31	0.95	-0.17	0.26	0.07	-0.34	-0.14	0.06	0.39	-0.67	0.06	0.19	-0.28	-0.12	-0.08
Common Stock Shares Outstanding	0.93	0.8	0.92	0.93	-0.26	-0.76	0.89	0.32	0.93	0.34	-0.31		-0.08	0.8	0.32	0.43	0.87	-0.17	0.45	-0.65	0.21	0.08	-0.18	0.9	0.91	-0.22
Other Stockholder Equity	0.17	0.01	0.18	0.13	0.02	0.34	-0.06	-0.02	0.13	0.27	0.95	-0.08		0.01	0.33	0.08	-0.15	-0.07	0.08	0.25	-0.61	-0.01	0.24	-0.12	0.12	-0.13
Total Liab	0.78	1.0	0.76	0.83	0.01	-0.56	0.96	0.07	0.83	-0.08	-0.17	0.8	0.01		-0.09	0.44	0.94	-0.11	0.47	-0.44	0.13	0.01	-0.36	0.66	0.72	-0.04
Total Current Assets	0.41	-0.06	0.43	0.3	-0.8	-0.26	0.01	0.79	0.3	0.99	0.26	0.32	0.33	-0.09		0.18	-0.07	-0.27	0.17	-0.22	-0.18	0.14	0.12	0.42	0.38	-0.16
Short Long Term Debt Total	0.56	0.45	0.56	0.56	-0.11	-0.66	0.38	0.14	0.56	0.16	0.07	0.43	0.08	0.44	0.18		0.46	-0.91	1.0	0.12	-0.34	0.19	-0.78	0.38	0.2	0.05
Other Current Liab	0.77	0.94	0.75	0.82	-0.05	-0.7	0.94	0.12	0.82	-0.06	-0.34	0.87	-0.15	0.94	-0.07	0.46		-0.16	0.49	-0.52	0.26	0.13	-0.43	0.72	0.71	-0.02
Current Deferred Revenue	-0.31	-0.14	-0.31	-0.29	0.18	0.58	-0.07	-0.18	-0.29	-0.25	-0.14	-0.17	-0.07	-0.11	-0.27	-0.91	-0.16		-0.89	-0.24	0.37	-0.22	0.74	-0.24	0.07	-0.09
Short Term Debt	0.58	0.48	0.58	0.58	-0.1	-0.66	0.41	0.14	0.58	0.15	0.06	0.45	0.08	0.47	0.17	1.0	0.49	-0.89		0.1	-0.34	0.18	-0.77	0.4	0.23	0.04
Non Currrent Assets Other	-0.43	-0.45	-0.42	-0.42	0.3	0.48	-0.61	-0.33	-0.42	-0.23	0.39	-0.65	0.25	-0.44	-0.22	0.12	-0.52	-0.24	0.1		-0.55	-0.3	-0.1	-0.6	-0.56	0.36
Inventory	-0.16	0.14	-0.17	-0.15	-0.09	-0.37	0.17	0.1	-0.14	-0.13	-0.67	0.21	-0.61	0.13	-0.18	-0.34	0.26	0.37	-0.34	-0.55		-0.02	0.08	0.22	-0.01	0.09
Other Current Assets	0.09	0.03	0.1	0.08	-0.1	-0.21	0.12	0.1	0.08	0.07	0.06	0.08	-0.01	0.01	0.14	0.19	0.13	-0.22	0.18	-0.3	-0.02		-0.2	0.13	0.02	-0.16
Short Term Investments	-0.2	-0.38	-0.19	-0.23	0.2	0.56	-0.31	-0.22	-0.23	0.13	0.19	-0.18	0.24	-0.36	0.12	-0.78	-0.43	0.74	-0.77	-0.1	0.08	-0.2		-0.16	0.11	-0.14
Common Stock	0.83	0.66	0.83	0.82	-0.33	-0.77	0.75	0.39	0.82	0.43	-0.28	0.9	-0.12	0.66	0.42	0.38	0.72	-0.24	0.4	-0.6	0.22	0.13	-0.16		0.8	-0.2
Net Tangible Assets	0.92	0.71	0.92	0.92	-0.23	-0.43	0.82	0.29	0.92	0.39	-0.12	0.91	0.12	0.72	0.38	0.2	0.71	0.07	0.23	-0.56	-0.01	0.02	0.11	0.8		-0.31
Other Assets	-0.24	-0.02	-0.25	-0.23	0.09	0.0	-0.23	-0.1	-0.23	-0.15	-0.08	-0.22	-0.13	-0.04	-0.16	0.05	-0.02	-0.09	0.04	0.36	0.09	-0.16	-0.14	-0.2	-0.31

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Grande Portage Account Relationship Matchups

Grande Portage fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	12.4M	17.9M	19.6M	20.9M	24.0M	25.2M
Total Current Liabilities	450.3K	433.8K	276.1K	962.4K	1.1M	1.2M
Total Stockholder Equity	12.0M	17.4M	19.3M	19.8M	22.7M	23.9M
Property Plant And Equipment Net	10.8M	14.3M	17.1M	20.3M	23.4M	24.5M
Net Debt	(1.5M)	(3.4M)	(318.0K)	(213.1K)	(191.8K)	(201.3K)
Retained Earnings	(19.7M)	(20.9M)	(22.2M)	(23.3M)	(20.9M)	(19.9M)
Accounts Payable	450.3K	433.8K	276.1K	919.2K	1.1M	1.1M
Cash	1.5M	3.4M	318.0K	344.2K	395.8K	376.0K
Non Current Assets Total	10.9M	14.4M	17.2M	20.5M	23.5M	24.7M
Cash And Short Term Investments	1.5M	3.4M	2.3M	344.2K	395.8K	376.0K
Net Receivables	15.1K	9.8K	6.3K	5.9K	5.3K	5.1K
Common Stock Shares Outstanding	67.4M	87.6M	106.9M	110.8M	127.4M	133.8M
Liabilities And Stockholders Equity	12.4M	17.9M	19.6M	20.9M	24.0M	25.2M
Total Liab	450.3K	433.8K	276.1K	1.1M	1.3M	1.3M
Total Current Assets	1.6M	3.5M	2.4M	403.9K	464.5K	441.3K
Accumulated Other Comprehensive Income	2.9M	3.3M	3.8M	4.2M	4.9M	5.1M
Other Current Assets	61.4K	83.4K	52.7K	53.9K	48.5K	46.1K
Short Term Investments	4.2K	2.2K	1.2K	949.0	2.0M	0.0
Common Stock	28.8M	35.1M	37.7M	38.8M	44.6M	27.0M
Net Tangible Assets	7.9M	12.0M	17.4M	19.3M	22.2M	23.3M
Property Plant Equipment	7.8M	10.8M	14.3M	17.1M	19.7M	20.7M
Net Invested Capital	12.0M	17.4M	19.3M	19.8M	22.7M	14.2M
Net Working Capital	1.1M	3.1M	2.1M	(558.5K)	(642.2K)	(610.1K)
Capital Stock	28.8M	35.1M	37.7M	38.8M	44.6M	34.4M

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