Golden Free Cash Flow Yield vs Income Quality Analysis

GRG Stock

CAD 0.04 0.01 10.00%

Golden Arrow financial indicator trend analysis is much more than just examining Golden Arrow Resources latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Golden Arrow Resources is a good investment. Please check the relationship between Golden Arrow Free Cash Flow Yield and its Income Quality accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Golden Arrow 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.

Free Cash Flow Yield vs Income Quality

Free Cash Flow Yield vs Income Quality Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Golden Arrow Resources Free Cash Flow Yield account and Income Quality. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Golden Arrow's Free Cash Flow Yield and Income Quality is -0.45. Overlapping area represents the amount of variation of Free Cash Flow Yield that can explain the historical movement of Income Quality in the same time period over historical financial statements of Golden Arrow Resources, assuming nothing else is changed. The correlation between historical values of Golden Arrow's Free Cash Flow Yield and Income Quality is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow Yield of Golden Arrow Resources are associated (or correlated) with its Income Quality. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Quality has no effect on the direction of Free Cash Flow Yield i.e., Golden Arrow's Free Cash Flow Yield and Income Quality go up and down completely randomly.

Correlation Coefficient

-0.45

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Free Cash Flow Yield

A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.

Income Quality

An assessment of the sustainability of a company's earnings over time, considering factors like revenue source diversification and cost structure.

Most indicators from Golden Arrow's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Golden Arrow 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 Golden Arrow 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, Golden Arrow's Selling General Administrative is fairly stable compared to the past year. Issuance Of Capital Stock is likely to climb to about 1.3 M in 2024, whereas Enterprise Value Over EBITDA is likely to drop (0.96) in 2024.

	2021	2022	2023	2024 (projected)
Other Operating Expenses	6.8M	6.1M	7.9M	5.6M
Depreciation And Amortization	126.7K	121.5K	122.5K	75.7K

Other Operating Expenses Depreciation And Amortization

Golden Arrow fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Accounts Payable	Net Receivables	Common Stock	Net Tangible Assets	Intangible Assets	Property Plant Equipment	Short Long Term Debt Total	Other Current Liab	Inventory
Total Assets		-0.15	0.98	-0.37	-0.12	0.3	0.54	0.79	0.79	0.46	0.58	0.16	0.56	-0.19	-0.58	0.48	0.45	-0.23	-0.29	0.51	0.89	0.24	-0.69	0.69	-0.75	0.24
Total Current Liabilities	-0.15		-0.22	0.12	0.08	-0.2	-0.09	-0.09	-0.06	-0.24	-0.06	-0.23	-0.02	-0.22	-0.22	0.27	-0.17	0.97	0.93	0.05	-0.19	0.03	0.22	0.01	0.14	0.03
Total Stockholder Equity	0.98	-0.22		-0.38	-0.26	0.31	0.62	0.71	0.71	0.56	0.6	0.23	0.42	-0.17	-0.54	0.32	0.55	-0.28	-0.34	0.51	0.89	0.25	-0.71	0.64	-0.75	0.25
Property Plant And Equipment Net	-0.37	0.12	-0.38		0.19	-0.7	-0.35	-0.17	-0.41	-0.42	0.21	-0.1	-0.19	-0.06	0.19	-0.11	-0.41	0.06	0.11	0.27	-0.04	-0.7	-0.07	-0.32	0.31	-0.7
Net Debt	-0.12	0.08	-0.26	0.19		-0.18	-0.86	0.19	0.12	-0.47	-0.09	-0.02	0.65	0.05	-0.05	0.66	-0.48	-0.04	-0.02	-0.09	-0.22	-0.14	0.18	-0.22	0.24	-0.14
Retained Earnings	0.3	-0.2	0.31	-0.7	-0.18		0.33	0.38	0.6	0.0	-0.52	-0.34	0.21	0.33	-0.31	0.12	-0.02	-0.14	-0.23	-0.62	-0.01	0.53	0.35	0.32	0.12	0.53
Cash	0.54	-0.09	0.62	-0.35	-0.86	0.33		0.28	0.35	0.45	0.25	-0.11	-0.18	-0.13	-0.21	-0.22	0.46	-0.02	-0.07	0.27	0.56	0.24	-0.43	0.63	-0.54	0.24
Non Current Assets Total	0.79	-0.09	0.71	-0.17	0.19	0.38	0.28		0.95	-0.16	0.23	-0.36	0.8	-0.21	-0.66	0.75	-0.18	-0.19	-0.24	0.26	0.71	0.02	-0.43	0.74	-0.43	0.02
Non Currrent Assets Other	0.79	-0.06	0.71	-0.41	0.12	0.6	0.35	0.95		-0.09	0.08	-0.37	0.78	-0.11	-0.64	0.72	-0.11	-0.13	-0.2	0.09	0.61	0.26	-0.29	0.77	-0.39	0.26
Cash And Short Term Investments	0.46	-0.24	0.56	-0.42	-0.47	0.0	0.45	-0.16	-0.09		0.54	0.81	-0.26	-0.04	-0.01	-0.34	1.0	-0.21	-0.24	0.39	0.4	0.35	-0.49	0.02	-0.59	0.35
Common Stock Shares Outstanding	0.58	-0.06	0.6	0.21	-0.09	-0.52	0.25	0.23	0.08	0.54		0.53	0.13	-0.32	-0.1	0.11	0.55	-0.17	-0.12	0.9	0.71	-0.04	-0.82	0.23	-0.65	-0.04
Short Term Investments	0.16	-0.23	0.23	-0.1	-0.02	-0.34	-0.11	-0.36	-0.37	0.81	0.53		-0.22	-0.01	0.12	-0.28	0.81	-0.25	-0.23	0.37	0.17	0.03	-0.39	-0.39	-0.34	0.03
Non Current Liabilities Total	0.56	-0.02	0.42	-0.19	0.65	0.21	-0.18	0.8	0.78	-0.26	0.13	-0.22		-0.11	-0.42	0.95	-0.27	-0.14	-0.18	0.18	0.39	0.1	-0.27	0.51	-0.32	0.1
Other Current Assets	-0.19	-0.22	-0.17	-0.06	0.05	0.33	-0.13	-0.21	-0.11	-0.04	-0.32	-0.01	-0.11		0.51	-0.18	-0.05	-0.15	-0.14	-0.6	-0.4	0.12	0.45	-0.22	0.44	0.12
Other Stockholder Equity	-0.58	-0.22	-0.54	0.19	-0.05	-0.31	-0.21	-0.66	-0.64	-0.01	-0.1	0.12	-0.42	0.51		-0.48	-0.02	-0.12	-0.04	-0.2	-0.58	0.0	0.25	-0.26	0.25	0.0
Total Liab	0.48	0.27	0.32	-0.11	0.66	0.12	-0.22	0.75	0.72	-0.34	0.11	-0.28	0.95	-0.18	-0.48		-0.33	0.15	0.1	0.19	0.33	0.05	-0.21	0.49	-0.27	0.05
Total Current Assets	0.45	-0.17	0.55	-0.41	-0.48	-0.02	0.46	-0.18	-0.11	1.0	0.55	0.81	-0.27	-0.05	-0.02	-0.33		-0.14	-0.16	0.41	0.39	0.34	-0.49	0.02	-0.6	0.34
Accounts Payable	-0.23	0.97	-0.28	0.06	-0.04	-0.14	-0.02	-0.19	-0.13	-0.21	-0.17	-0.25	-0.14	-0.15	-0.12	0.15	-0.14		0.96	-0.06	-0.27	0.02	0.29	0.02	0.16	0.02
Net Receivables	-0.29	0.93	-0.34	0.11	-0.02	-0.23	-0.07	-0.24	-0.2	-0.24	-0.12	-0.23	-0.18	-0.14	-0.04	0.1	-0.16	0.96		-0.04	-0.3	-0.01	0.24	-0.03	0.18	-0.01
Common Stock	0.51	0.05	0.51	0.27	-0.09	-0.62	0.27	0.26	0.09	0.39	0.9	0.37	0.18	-0.6	-0.2	0.19	0.41	-0.06	-0.04		0.74	-0.2	-0.88	0.32	-0.73	-0.2
Net Tangible Assets	0.89	-0.19	0.89	-0.04	-0.22	-0.01	0.56	0.71	0.61	0.4	0.71	0.17	0.39	-0.4	-0.58	0.33	0.39	-0.27	-0.3	0.74		-0.1	-0.87	0.59	-0.76	-0.1
Intangible Assets	0.24	0.03	0.25	-0.7	-0.14	0.53	0.24	0.02	0.26	0.35	-0.04	0.03	0.1	0.12	0.0	0.05	0.34	0.02	-0.01	-0.2	-0.1		0.23	0.19	-0.08	1.0
Property Plant Equipment	-0.69	0.22	-0.71	-0.07	0.18	0.35	-0.43	-0.43	-0.29	-0.49	-0.82	-0.39	-0.27	0.45	0.25	-0.21	-0.49	0.29	0.24	-0.88	-0.87	0.23		-0.48	0.86	0.23
Short Long Term Debt Total	0.69	0.01	0.64	-0.32	-0.22	0.32	0.63	0.74	0.77	0.02	0.23	-0.39	0.51	-0.22	-0.26	0.49	0.02	0.02	-0.03	0.32	0.59	0.19	-0.48		-0.62	0.19
Other Current Liab	-0.75	0.14	-0.75	0.31	0.24	0.12	-0.54	-0.43	-0.39	-0.59	-0.65	-0.34	-0.32	0.44	0.25	-0.27	-0.6	0.16	0.18	-0.73	-0.76	-0.08	0.86	-0.62		-0.08
Inventory	0.24	0.03	0.25	-0.7	-0.14	0.53	0.24	0.02	0.26	0.35	-0.04	0.03	0.1	0.12	0.0	0.05	0.34	0.02	-0.01	-0.2	-0.1	1.0	0.23	0.19	-0.08

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Golden Arrow Account Relationship Matchups

Golden Arrow fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	29.9M	25.0M	17.2M	11.4M	6.5M	6.2M
Total Current Liabilities	456.9K	378.9K	497.1K	691.2K	796.9K	607.2K
Total Stockholder Equity	29.3M	24.6M	16.5M	10.4M	5.6M	5.3M
Property Plant And Equipment Net	660.0K	633.7K	1.0M	4.7M	4.4M	4.6M
Net Debt	(2.5M)	(6.4M)	(556.7K)	(179.3K)	75.0K	78.7K
Retained Earnings	(36.5M)	(42.3M)	(48.3M)	(54.4M)	(60.2M)	(57.2M)
Cash	2.8M	6.6M	903.6K	606.7K	115.8K	110.0K
Non Current Assets Total	660.0K	633.7K	1.0M	4.7M	5.6M	7.8M
Non Currrent Assets Other	34.3M	49.5M	660.0K	(5.6M)	(6.5M)	(6.1M)
Cash And Short Term Investments	28.9M	23.9M	16.0M	6.2M	115.8K	110.0K
Common Stock Shares Outstanding	117.2M	119.1M	116.1M	115.2M	118.3M	64.6M
Short Term Investments	26.1M	17.3M	15.1M	5.6M	6.5M	5.3M
Liabilities And Stockholders Equity	29.9M	25.0M	17.2M	11.4M	6.5M	6.2M
Non Current Liabilities Total	182.3K	72.0K	237.0K	321.1K	138.7K	131.8K
Other Current Assets	170.4K	134.9K	96.2K	167.0K	242.4K	190.5K
Other Stockholder Equity	250K	10.7M	12.0M	20.3M	18.8M	12.7M
Total Liab	639.3K	450.9K	734.1K	1.0M	935.6K	1.5M
Total Current Assets	29.2M	24.4M	16.2M	6.8M	877.8K	833.9K
Accounts Payable	300.4K	358.9K	262.6K	357.1K	410.7K	600.5K
Net Receivables	195.4K	358.5K	73.2K	376.9K	519.6K	455.5K
Accumulated Other Comprehensive Income	26.9M	28.5M	6.5M	6.4M	8.2M	12.1M
Common Stock	34.8M	38.8M	38.3M	38.1M	38.8M	28.7M
Net Tangible Assets	38.3M	29.3M	24.6M	16.5M	19.0M	20.0M
Property Plant Equipment	708.9K	660.0K	633.7K	1.0M	934.7K	863.3K
Short Long Term Debt Total	280.4K	182.3K	346.9K	427.5K	190.8K	181.2K
Other Current Liab	358.9K	268.6K	387.3K	584.8K	744.9K	507.0K
Short Term Debt	98.0K	110.3K	109.9K	106.4K	52.0K	49.4K
Net Invested Capital	29.3M	24.6M	16.5M	10.4M	5.6M	5.3M
Net Working Capital	28.8M	24.0M	15.7M	6.1M	80.9K	76.9K

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