Grid Net Debt vs Net Tangible Assets Analysis

GRDM Stock

CAD 0.04 0.01 11.11%

Grid Metals financial indicator trend analysis is much more than just examining Grid Metals Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Grid Metals Corp is a good investment. Please check the relationship between Grid Metals Net Debt and its Net Tangible Assets accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Grid Metals Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Net Debt vs Net Tangible Assets

Net Debt vs Net Tangible Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Grid Metals Corp Net Debt account and Net Tangible Assets. At this time, the significance of the direction appears to have strong relationship.

The correlation between Grid Metals' Net Debt and Net Tangible Assets is 0.78. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Net Tangible Assets in the same time period over historical financial statements of Grid Metals Corp, assuming nothing else is changed. The correlation between historical values of Grid Metals' Net Debt and Net Tangible Assets 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 Grid Metals Corp are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Net Debt i.e., Grid Metals' Net Debt and Net Tangible Assets go up and down completely randomly.

Correlation Coefficient

0.78

Relationship Direction	Positive
Relationship Strength	Significant

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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.

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.

Most indicators from Grid Metals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Grid Metals Corp 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 Grid Metals Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

At this time, Grid Metals' Selling General Administrative is fairly stable compared to the past year. Tax Provision is likely to climb to about 1.2 M in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 74.9 K in 2024.

	2021	2022	2023	2024 (projected)
Other Operating Expenses	4.4M	9.4M	10.9M	11.4M
Depreciation And Amortization	12.4K	25.2K	22.7K	12.6K

Other Operating Expenses Depreciation And Amortization

Grid Metals 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	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Investments	Other Current Liab	Short Long Term Debt Total	Non Current Liabilities Total	Other Current Assets	Other Liab	Net Tangible Assets	Other Assets	Common Stock	Property Plant Equipment
Total Assets		-0.2	0.92	0.92	0.36	0.42	0.48	-0.3	0.91	-0.53	-0.35	-0.22	-0.38	0.56	-0.07	-0.35	-0.32	-0.53	-0.85	-0.2	0.21	-0.35	0.5	0.15	-0.5	0.49
Total Current Liabilities	-0.2		-0.52	-0.49	-0.75	-0.72	-0.16	0.24	-0.5	-0.19	0.86	0.94	0.88	-0.26	0.96	0.67	0.36	0.75	0.16	0.56	0.55	0.18	-0.6	-0.89	0.72	-0.58
Total Stockholder Equity	0.92	-0.52		0.97	0.56	0.61	0.48	-0.31	0.97	-0.41	-0.6	-0.54	-0.64	0.58	-0.41	-0.52	-0.38	-0.74	-0.81	-0.42	0.0	-0.31	0.64	0.52	-0.62	0.63
Property Plant And Equipment Net	0.92	-0.49	0.97		0.67	0.64	0.54	-0.5	1.0	-0.37	-0.66	-0.49	-0.66	0.62	-0.35	-0.65	-0.54	-0.75	-0.81	-0.31	-0.01	-0.33	0.69	0.46	-0.68	0.68
Net Debt	0.36	-0.75	0.56	0.67		0.84	0.43	-0.79	0.68	0.23	-0.98	-0.7	-0.88	0.47	-0.67	-0.99	-0.79	-0.74	-0.3	-0.25	-0.39	-0.33	0.78	0.64	-0.88	0.79
Retained Earnings	0.42	-0.72	0.61	0.64	0.84		0.37	-0.57	0.66	0.44	-0.84	-0.67	-0.92	0.46	-0.64	-0.78	-0.55	-0.5	-0.18	-0.09	-0.3	-0.45	0.83	0.63	-0.87	0.85
Accounts Payable	0.48	-0.16	0.48	0.54	0.43	0.37		-0.37	0.54	-0.27	-0.39	-0.25	-0.45	0.9	0.0	-0.4	-0.23	-0.42	-0.61	0.06	0.57	-0.43	0.5	0.24	-0.52	0.56
Cash	-0.3	0.24	-0.31	-0.5	-0.79	-0.57	-0.37		-0.52	-0.22	0.65	0.13	0.47	-0.36	0.13	0.87	0.9	0.38	0.23	-0.21	0.17	0.28	-0.61	-0.1	0.59	-0.63
Non Current Assets Total	0.91	-0.5	0.97	1.0	0.68	0.66	0.54	-0.52		-0.34	-0.68	-0.5	-0.67	0.62	-0.37	-0.67	-0.55	-0.75	-0.8	-0.3	-0.02	-0.33	0.7	0.47	-0.69	0.69
Non Currrent Assets Other	-0.53	-0.19	-0.41	-0.37	0.23	0.44	-0.27	-0.22	-0.34		-0.2	-0.09	-0.25	-0.26	-0.24	-0.21	-0.12	0.35	0.76	0.39	-0.37	-0.11	0.16	0.1	-0.18	0.19
Cash And Short Term Investments	-0.35	0.86	-0.6	-0.66	-0.98	-0.84	-0.39	0.65	-0.68	-0.2		0.83	0.94	-0.46	0.79	0.94	0.7	0.8	0.3	0.4	0.45	0.3	-0.76	-0.78	0.87	-0.77
Net Receivables	-0.22	0.94	-0.54	-0.49	-0.7	-0.67	-0.25	0.13	-0.5	-0.09	0.83		0.87	-0.31	0.94	0.6	0.23	0.79	0.22	0.67	0.46	0.13	-0.54	-0.94	0.7	-0.54
Common Stock Shares Outstanding	-0.38	0.88	-0.64	-0.66	-0.88	-0.92	-0.45	0.47	-0.67	-0.25	0.94	0.87		-0.54	0.82	0.81	0.52	0.72	0.29	0.38	0.33	0.4	-0.81	-0.84	0.89	-0.82
Other Stockholder Equity	0.56	-0.26	0.58	0.62	0.47	0.46	0.9	-0.36	0.62	-0.26	-0.46	-0.31	-0.54		-0.13	-0.43	-0.3	-0.52	-0.64	-0.07	0.56	-0.72	0.6	0.32	-0.57	0.63
Total Liab	-0.07	0.96	-0.41	-0.35	-0.67	-0.64	0.0	0.13	-0.37	-0.24	0.79	0.94	0.82	-0.13		0.58	0.25	0.7	0.07	0.69	0.62	0.14	-0.55	-0.89	0.63	-0.52
Total Current Assets	-0.35	0.67	-0.52	-0.65	-0.99	-0.78	-0.4	0.87	-0.67	-0.21	0.94	0.6	0.81	-0.43	0.58		0.87	0.7	0.29	0.17	0.4	0.28	-0.73	-0.55	0.82	-0.75
Short Term Investments	-0.32	0.36	-0.38	-0.54	-0.79	-0.55	-0.23	0.9	-0.55	-0.12	0.7	0.23	0.52	-0.3	0.25	0.87		0.47	0.24	-0.04	0.37	0.27	-0.52	-0.21	0.6	-0.52
Other Current Liab	-0.53	0.75	-0.74	-0.75	-0.74	-0.5	-0.42	0.38	-0.75	0.35	0.8	0.79	0.72	-0.52	0.7	0.7	0.47		0.64	0.7	0.23	0.22	-0.59	-0.72	0.66	-0.58
Short Long Term Debt Total	-0.85	0.16	-0.81	-0.81	-0.3	-0.18	-0.61	0.23	-0.8	0.76	0.3	0.22	0.29	-0.64	0.07	0.29	0.24	0.64		0.4	-0.34	0.26	-0.5	-0.2	0.37	-0.49
Non Current Liabilities Total	-0.2	0.56	-0.42	-0.31	-0.25	-0.09	0.06	-0.21	-0.3	0.39	0.4	0.67	0.38	-0.07	0.69	0.17	-0.04	0.7	0.4		0.34	-0.03	-0.25	-0.63	0.24	-0.19
Other Current Assets	0.21	0.55	0.0	-0.01	-0.39	-0.3	0.57	0.17	-0.02	-0.37	0.45	0.46	0.33	0.56	0.62	0.4	0.37	0.23	-0.34	0.34		-0.4	-0.06	-0.41	0.23	-0.03
Other Liab	-0.35	0.18	-0.31	-0.33	-0.33	-0.45	-0.43	0.28	-0.33	-0.11	0.3	0.13	0.4	-0.72	0.14	0.28	0.27	0.22	0.26	-0.03	-0.4		-0.53	-0.06	0.54	-0.52
Net Tangible Assets	0.5	-0.6	0.64	0.69	0.78	0.83	0.5	-0.61	0.7	0.16	-0.76	-0.54	-0.81	0.6	-0.55	-0.73	-0.52	-0.59	-0.5	-0.25	-0.06	-0.53		0.53	-0.8	1.0
Other Assets	0.15	-0.89	0.52	0.46	0.64	0.63	0.24	-0.1	0.47	0.1	-0.78	-0.94	-0.84	0.32	-0.89	-0.55	-0.21	-0.72	-0.2	-0.63	-0.41	-0.06	0.53		-0.55	0.52
Common Stock	-0.5	0.72	-0.62	-0.68	-0.88	-0.87	-0.52	0.59	-0.69	-0.18	0.87	0.7	0.89	-0.57	0.63	0.82	0.6	0.66	0.37	0.24	0.23	0.54	-0.8	-0.55		-0.82
Property Plant Equipment	0.49	-0.58	0.63	0.68	0.79	0.85	0.56	-0.63	0.69	0.19	-0.77	-0.54	-0.82	0.63	-0.52	-0.75	-0.52	-0.58	-0.49	-0.19	-0.03	-0.52	1.0	0.52	-0.82

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Grid Metals Account Relationship Matchups

Grid Metals fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	28.9M	32.7M	3.0M	12.9M	12.8M	22.7M
Total Current Liabilities	186.7K	611.3K	438.4K	1.3M	4.2M	4.5M
Total Stockholder Equity	28.7M	31.1M	2.5M	11.5M	6.1M	5.8M
Property Plant And Equipment Net	27.7M	29.5M	30.4K	83.0K	4.1M	3.9M
Net Debt	(1.1M)	(3.0M)	(2.8M)	(9.3M)	(8.4M)	(8.0M)
Retained Earnings	(28.4M)	(29.5M)	(61.9M)	(60.0M)	(69.3M)	(65.8M)
Accounts Payable	234.9K	103.0K	49.1K	235.2K	270.5K	312.3K
Cash	1.1M	3.0M	2.9M	9.4M	2.7M	2.8M
Non Current Assets Total	27.7M	29.5M	30.4K	83.0K	4.1M	3.9M
Cash And Short Term Investments	1.1M	3.1M	2.9M	12.3M	14.1M	14.9M
Net Receivables	11.2K	71.5K	47.2K	186.4K	5.1M	5.3M
Common Stock Shares Outstanding	42.7M	59.4M	87.6M	124.9M	203.9M	214.1M
Liabilities And Stockholders Equity	28.9M	32.7M	3.0M	12.9M	14.8M	23.1M
Other Stockholder Equity	7.3M	8.0M	9.1M	8.9M	10.2M	9.7M
Total Liab	190.6K	1.6M	516.4K	1.4M	6.7M	7.0M
Total Current Assets	1.2M	3.2M	3.0M	12.8M	8.7M	9.1M
Short Term Investments	49.7K	52.8K	12.1K	2.9M	755.4K	793.1K
Non Current Liabilities Total	3.9K	1.0M	78.0K	64.6K	2.5M	2.6M
Net Tangible Assets	28.9M	28.7M	2.5M	2.5M	2.2M	2.1M
Common Stock	49.7M	52.6M	55.2M	62.6M	72.0M	57.5M
Property Plant Equipment	27.5M	27.7M	3.7K	30.4K	27.3K	26.0K
Net Invested Capital	28.7M	31.1M	2.5M	11.6M	6.2M	5.9M
Net Working Capital	971.2K	2.6M	2.5M	11.5M	4.4M	4.2M
Capital Stock	49.7M	52.6M	55.2M	62.6M	66.9M	61.7M

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