Granite Capex To Depreciation vs Capex To Revenue Analysis

GRNT Stock

USD 6.45 0.10 1.53%

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

Capex To Depreciation vs Capex To Revenue

Capex To Depreciation vs Capex To Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Granite Ridge Resources Capex To Depreciation account and Capex To Revenue. At this time, the significance of the direction appears to have no relationship.

The correlation between Granite Ridge's Capex To Depreciation and Capex To Revenue is 0.01. Overlapping area represents the amount of variation of Capex To Depreciation that can explain the historical movement of Capex To Revenue in the same time period over historical financial statements of Granite Ridge Resources, assuming nothing else is changed. The correlation between historical values of Granite Ridge's Capex To Depreciation and Capex To Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capex To Depreciation of Granite Ridge Resources are associated (or correlated) with its Capex To Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capex To Revenue has no effect on the direction of Capex To Depreciation i.e., Granite Ridge's Capex To Depreciation and Capex To Revenue go up and down completely randomly.

Correlation Coefficient

0.01

Relationship Direction	Positive
Relationship Strength	Insignificant

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Capex To Depreciation

The ratio of a company's capital expenditures to its depreciation expenses, indicating how much the company is investing in physical assets relative to the aging of existing assets.

Capex To Revenue

The ratio of a company's capital expenditures to its total revenue, indicating how much of the revenue is used for acquiring or maintaining physical assets.

Most indicators from Granite Ridge's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Granite Ridge 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 Granite Ridge 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, Granite Ridge's Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to about 34.6 M in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 3.8 M in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	138.1K	2.0M	5.3M	5.6M
Depreciation And Amortization	94.7M	105.8M	160.7M	98.6M

Interest Expense Depreciation And Amortization

Granite Ridge fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital	Property Plant And Equipment Gross	Short Long Term Debt
Common Stock Shares Outstanding		0.1	0.09	0.12	0.1	0.1	0.09	0.12	0.1	0.02	0.07	0.09	0.09	0.1	0.13	-0.09	0.1	0.13	0.08	-0.08	0.12	0.06	0.08	0.1	0.1	0.14
Total Assets	0.1		0.94	0.97	0.99	1.0	0.94	0.98	1.0	0.42	0.9	0.94	0.76	1.0	0.79	-0.96	1.0	0.89	0.9	-0.57	0.53	0.91	0.92	1.0	1.0	0.8
Short Long Term Debt Total	0.09	0.94		0.93	0.94	0.94	1.0	0.9	0.94	0.57	0.98	1.0	0.73	0.94	0.81	-1.0	0.94	0.87	0.98	-0.46	0.56	0.95	0.99	0.94	0.94	0.74
Other Current Liab	0.12	0.97	0.93		0.96	0.98	0.94	0.99	0.97	0.36	0.85	0.94	0.81	0.97	0.9	-0.95	0.97	0.97	0.88	-0.62	0.71	0.84	0.9	0.97	0.97	0.9
Total Current Liabilities	0.1	0.99	0.94	0.96		1.0	0.93	0.96	0.99	0.34	0.88	0.94	0.82	0.99	0.75	-0.95	0.99	0.87	0.87	-0.64	0.49	0.93	0.9	0.99	0.99	0.76
Total Stockholder Equity	0.1	1.0	0.94	0.98	1.0		0.94	0.98	1.0	0.39	0.89	0.94	0.79	1.0	0.79	-0.96	1.0	0.89	0.89	-0.6	0.54	0.91	0.91	1.0	1.0	0.8
Other Liab	0.09	0.94	1.0	0.94	0.93	0.94		0.9	0.94	0.57	0.97	1.0	0.73	0.94	0.83	-1.0	0.94	0.89	0.98	-0.46	0.59	0.94	0.99	0.94	0.94	0.76
Net Tangible Assets	0.12	0.98	0.9	0.99	0.96	0.98	0.9		0.98	0.38	0.83	0.9	0.74	0.98	0.86	-0.92	0.98	0.95	0.86	-0.56	0.67	0.81	0.88	0.98	0.98	0.91
Property Plant And Equipment Net	0.1	1.0	0.94	0.97	0.99	1.0	0.94	0.98		0.43	0.9	0.94	0.76	1.0	0.78	-0.96	1.0	0.89	0.9	-0.56	0.53	0.91	0.92	1.0	1.0	0.8
Net Debt	0.02	0.42	0.57	0.36	0.34	0.39	0.57	0.38	0.43		0.7	0.57	-0.14	0.43	0.4	-0.52	0.43	0.37	0.72	0.46	0.22	0.5	0.67	0.45	0.43	0.3
Retained Earnings	0.07	0.9	0.98	0.85	0.88	0.89	0.97	0.83	0.9	0.7		0.98	0.6	0.9	0.72	-0.96	0.9	0.78	0.99	-0.3	0.44	0.95	0.99	0.9	0.9	0.64
Accounts Payable	0.09	0.94	1.0	0.94	0.94	0.94	1.0	0.9	0.94	0.57	0.98		0.73	0.94	0.83	-1.0	0.94	0.88	0.98	-0.46	0.58	0.95	0.99	0.94	0.94	0.76
Cash	0.09	0.76	0.73	0.81	0.82	0.79	0.73	0.74	0.76	-0.14	0.6	0.73		0.76	0.65	-0.77	0.76	0.73	0.59	-0.94	0.49	0.74	0.65	0.74	0.75	0.61
Non Current Assets Total	0.1	1.0	0.94	0.97	0.99	1.0	0.94	0.98	1.0	0.43	0.9	0.94	0.76		0.78	-0.96	1.0	0.89	0.9	-0.56	0.53	0.91	0.92	1.0	1.0	0.8
Non Currrent Assets Other	0.13	0.79	0.81	0.9	0.75	0.79	0.83	0.86	0.78	0.4	0.72	0.83	0.65	0.78		-0.83	0.79	0.98	0.8	-0.45	0.93	0.61	0.81	0.78	0.78	0.96
Other Assets	-0.09	-0.96	-1.0	-0.95	-0.95	-0.96	-1.0	-0.92	-0.96	-0.52	-0.96	-1.0	-0.77	-0.96	-0.83		-0.96	-0.89	-0.97	0.51	-0.59	-0.95	-0.98	-0.95	-0.96	-0.77
Cash And Short Term Investments	0.1	1.0	0.94	0.97	0.99	1.0	0.94	0.98	1.0	0.43	0.9	0.94	0.76	1.0	0.79	-0.96		0.9	0.9	-0.56	0.54	0.91	0.92	1.0	1.0	0.81
Net Receivables	0.13	0.89	0.87	0.97	0.87	0.89	0.89	0.95	0.89	0.37	0.78	0.88	0.73	0.89	0.98	-0.89	0.9		0.84	-0.54	0.86	0.71	0.85	0.89	0.89	0.97
Non Current Liabilities Total	0.08	0.9	0.98	0.88	0.87	0.89	0.98	0.86	0.9	0.72	0.99	0.98	0.59	0.9	0.8	-0.97	0.9	0.84		-0.29	0.55	0.92	1.0	0.9	0.9	0.72
Inventory	-0.08	-0.57	-0.46	-0.62	-0.64	-0.6	-0.46	-0.56	-0.56	0.46	-0.3	-0.46	-0.94	-0.56	-0.45	0.51	-0.56	-0.54	-0.29		-0.37	-0.49	-0.35	-0.54	-0.55	-0.47
Other Current Assets	0.12	0.53	0.56	0.71	0.49	0.54	0.59	0.67	0.53	0.22	0.44	0.58	0.49	0.53	0.93	-0.59	0.54	0.86	0.55	-0.37		0.3	0.55	0.52	0.53	0.9
Other Stockholder Equity	0.06	0.91	0.95	0.84	0.93	0.91	0.94	0.81	0.91	0.5	0.95	0.95	0.74	0.91	0.61	-0.95	0.91	0.71	0.92	-0.49	0.3		0.94	0.91	0.91	0.54
Total Liab	0.08	0.92	0.99	0.9	0.9	0.91	0.99	0.88	0.92	0.67	0.99	0.99	0.65	0.92	0.81	-0.98	0.92	0.85	1.0	-0.35	0.55	0.94		0.92	0.92	0.73
Net Invested Capital	0.1	1.0	0.94	0.97	0.99	1.0	0.94	0.98	1.0	0.45	0.9	0.94	0.74	1.0	0.78	-0.95	1.0	0.89	0.9	-0.54	0.52	0.91	0.92		1.0	0.8
Property Plant And Equipment Gross	0.1	1.0	0.94	0.97	0.99	1.0	0.94	0.98	1.0	0.43	0.9	0.94	0.75	1.0	0.78	-0.96	1.0	0.89	0.9	-0.55	0.53	0.91	0.92	1.0		0.8
Short Long Term Debt	0.14	0.8	0.74	0.9	0.76	0.8	0.76	0.91	0.8	0.3	0.64	0.76	0.61	0.8	0.96	-0.77	0.81	0.97	0.72	-0.47	0.9	0.54	0.73	0.8	0.8

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Granite Capex To Depreciation vs Capex To Revenue Analysis

Capex To Depreciation vs Capex To Revenue

Capex To Depreciation vs Capex To Revenue Correlation Analysis

Correlation Coefficient

Capex To Depreciation

Capex To Revenue

Granite Ridge fundamental ratios Correlations

Granite Ridge Account Relationship Matchups

High Positive Relationship

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Additional Tools for Granite Stock Analysis

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Total Stockholder Equity	+ 1.0	Total Assets
Property Plant And Equipment Net	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Cash And Short Term Investments	+ 1.0	Total Assets
Net Invested Capital	+ 1.0	Total Assets
Property Plant And Equipment Gross	+ 1.0	Total Assets

Other Assets	- 1.0	Accounts Payable
Other Assets	- 1.0	Other Liab
Other Assets	- 1.0	Short Long Term Debt Total
Total Liab	- 0.98	Other Assets
Non Current Liabilities Total	- 0.97	Other Assets
Property Plant And Equipment Gross	- 0.96	Other Assets