Greenlane Total Liab vs Capital Stock Analysis

GRN Stock  CAD 0.10  0.01  5.26%   
Greenlane Renewables financial indicator trend analysis is much more than just examining Greenlane Renewables latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Greenlane Renewables is a good investment. Please check the relationship between Greenlane Renewables Total Liab and its Capital Stock accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Greenlane Renewables. 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.

Total Liab vs Capital Stock

Total Liab vs Capital Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Greenlane Renewables Total Liab account and Capital Stock. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Greenlane Renewables' Total Liab and Capital Stock is 0.94. Overlapping area represents the amount of variation of Total Liab that can explain the historical movement of Capital Stock in the same time period over historical financial statements of Greenlane Renewables, assuming nothing else is changed. The correlation between historical values of Greenlane Renewables' Total Liab and Capital Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Liab of Greenlane Renewables are associated (or correlated) with its Capital Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Stock has no effect on the direction of Total Liab i.e., Greenlane Renewables' Total Liab and Capital Stock go up and down completely randomly.

Correlation Coefficient

0.94
Relationship DirectionPositive 
Relationship StrengthVery Strong

Total Liab

The total amount of all liabilities that a company has, including both short-term and long-term liabilities.

Capital Stock

The total amount of a company's capital funded by shareholders through the issue and subscription of shares.
Most indicators from Greenlane Renewables' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Greenlane Renewables 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 Greenlane Renewables. 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, Greenlane Renewables' Tax Provision is very stable compared to the past year. As of the 26th of November 2024, Sales General And Administrative To Revenue is likely to grow to 0.40, while Selling General Administrative is likely to drop about 12.5 M.

Greenlane Renewables fundamental ratios Correlations

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-0.85-0.87-0.81-0.92-0.920.47-0.53-0.94-0.48-0.94-0.87-0.85-0.63-0.8-0.66-0.670.25-0.81-0.92-0.84-0.92-0.860.91-0.47-0.27
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0.980.990.960.980.93-0.92-0.660.750.970.670.970.980.980.840.950.880.9-0.380.970.970.970.98-0.990.650.48
0.950.990.980.910.9-0.84-0.760.840.90.750.90.980.990.890.970.960.94-0.420.990.970.961.0-0.980.730.66
0.910.960.910.920.94-0.92-0.670.710.920.640.920.980.940.80.910.860.83-0.370.940.970.960.96-0.970.630.54
0.971.00.990.940.91-0.86-0.760.830.920.760.920.981.00.90.970.950.94-0.450.990.981.00.96-0.990.740.62
-0.96-0.99-0.97-0.95-0.960.910.75-0.78-0.95-0.75-0.95-0.98-0.99-0.89-0.96-0.91-0.90.48-0.97-0.99-0.98-0.97-0.99-0.74-0.57
0.660.730.740.580.73-0.47-0.920.870.51.00.50.730.740.930.670.850.74-0.790.710.650.730.630.74-0.740.89
0.480.590.610.360.53-0.27-0.810.850.280.880.280.610.610.770.540.810.63-0.580.610.480.660.540.62-0.570.89
Click cells to compare fundamentals

Greenlane Renewables Account Relationship Matchups

Greenlane Renewables fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets26.6M43.2M78.8M83.4M54.4M52.6M
Other Current Liab3.9M8.2M19.6M20.5M17.8M12.8M
Total Current Liabilities7.2M16.7M21.9M25.8M24.7M17.7M
Total Stockholder Equity7.7M25.9M56.5M53.5M25.3M31.0M
Net Tangible Assets(11.7M)7.6M39.6M27.1M31.1M32.7M
Net Debt9.5M(9.8M)(31.0M)(20.1M)(11.4M)(12.0M)
Retained Earnings(5.2M)(7.7M)(10.2M)(15.7M)(45.3M)(43.0M)
Accounts Payable978K670K633K3.9M3.0M1.7M
Cash2.3M16.4M31.5M21.4M13.4M15.7M
Non Current Assets Total20.3M19.0M17.7M30.4M13.0M18.4M
Cash And Short Term Investments2.3M16.4M31.5M21.4M13.4M15.7M
Net Receivables3.8M6.1M27.2M27.6M24.2M16.3M
Common Stock Shares Outstanding31.9M92.8M143.9M150.9M153.1M105.9M
Long Term Debt Total11.6M461K217K967K870.3K826.8K
Liabilities And Stockholders Equity26.6M43.2M78.8M83.4M54.4M52.6M
Non Current Liabilities Total11.7M567K367K4.1M4.4M2.8M
Capital Surpluse1.5M1.5M2.4M4.3M4.9M5.2M
Other Current Assets576K1.1M1.7M1.3M1.7M1.2M
Other Stockholder Equity1.5M1.5M2.4M4.3M4.9M2.7M
Total Liab18.9M17.3M22.3M29.9M29.1M21.5M
Net Invested Capital18.7M31.8M56.5M53.5M61.5M35.4M
Total Current Assets6.2M24.1M61.1M53.0M41.4M34.2M
Accumulated Other Comprehensive Income152K111K179K(378K)(153K)(145.4K)
Capital Stock11.3M31.9M64.1M65.3M75.0M38.1M
Net Working Capital(938K)7.4M39.1M27.2M31.3M16.1M
Short Term Debt186K6.2M242K268K232K220.4K
Common Stock11.3M31.9M64.1M65.3M65.8M43.8M

Other Information on Investing in Greenlane Stock

Balance Sheet is a snapshot of the financial position of Greenlane Renewables at a specified time, usually calculated after every quarter, six months, or one year. Greenlane Renewables Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Greenlane Renewables and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Greenlane currently owns. An asset can also be divided into two categories, current and non-current.