Grid Retained Earnings vs Short Long Term Debt Total 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 Retained Earnings and its Short Long Term Debt Total 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.

Retained Earnings vs Short Long Term Debt Total

Retained Earnings vs Short Long Term Debt Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Grid Metals Corp Retained Earnings account and Short Long Term Debt Total. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Grid Metals' Retained Earnings and Short Long Term Debt Total is -0.18. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Short Long Term Debt Total 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' Retained Earnings and Short Long Term Debt Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Grid Metals Corp are associated (or correlated) with its Short Long Term Debt Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Long Term Debt Total has no effect on the direction of Retained Earnings i.e., Grid Metals' Retained Earnings and Short Long Term Debt Total go up and down completely randomly.

Correlation Coefficient

-0.18

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Short Long Term Debt Total

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

Click cells to compare fundamentals

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

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.

Explore Investing Ideas

Additional Tools for Grid Stock Analysis

When running Grid Metals' price analysis, check to measure Grid Metals' 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 Grid Metals is operating at the current time. Most of Grid Metals' value examination focuses on studying past and present price action to predict the probability of Grid Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Grid Metals' price. Additionally, you may evaluate how the addition of Grid Metals to your portfolios can decrease your overall portfolio volatility.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC