Granite Total Revenue vs Ebit Analysis

GRNT Stock

USD 6.20 0.03 0.48%

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 Total Revenue and its Ebit 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.

Total Revenue vs Ebit

Total Revenue vs Ebit Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Granite Ridge Resources Total Revenue account and Ebit. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Granite Ridge's Total Revenue and Ebit is 0.83. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Ebit 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 Total Revenue and Ebit 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 Revenue of Granite Ridge Resources are associated (or correlated) with its Ebit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ebit has no effect on the direction of Total Revenue i.e., Granite Ridge's Total Revenue and Ebit go up and down completely randomly.

Correlation Coefficient

0.83

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Total Revenue

Total revenue comprises all receipts Granite Ridge Resources generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Ebit

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 Tax Provision is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.07 in 2025, whereas Enterprise Value is likely to drop slightly above 540.1 M in 2025.

	2022	2023	2024	2025 (projected)
Interest Expense	2.0M	5.3M	18.5M	19.4M
Depreciation And Amortization	105.8M	160.7M	176.5M	114.5M

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		0.11	0.09	0.13	0.1	0.12	0.11	0.13	0.11	0.05	0.1	0.11	0.09	0.11	0.14	-0.11	0.11	0.14	0.09	-0.07	0.08	0.08	0.09	0.11	0.11	0.14
Total Assets	0.11		0.9	0.98	0.98	0.99	0.96	0.98	1.0	0.66	0.85	0.82	0.65	1.0	0.83	-0.98	0.76	0.91	0.89	-0.4	0.69	0.94	0.9	1.0	1.0	0.83
Short Long Term Debt Total	0.09	0.9		0.9	0.92	0.88	0.97	0.84	0.9	0.85	0.66	0.72	0.55	0.9	0.79	-0.94	0.48	0.83	0.99	-0.24	0.91	0.91	0.99	0.9	0.91	0.72
Other Current Liab	0.13	0.98	0.9		0.96	0.98	0.96	0.99	0.98	0.63	0.79	0.85	0.69	0.98	0.91	-0.97	0.74	0.97	0.89	-0.45	0.73	0.88	0.89	0.98	0.98	0.91
Total Current Liabilities	0.1	0.98	0.92	0.96		0.96	0.94	0.96	0.99	0.7	0.74	0.8	0.62	0.98	0.78	-0.95	0.64	0.86	0.9	-0.37	0.75	0.92	0.91	0.98	0.99	0.8
Total Stockholder Equity	0.12	0.99	0.88	0.98	0.96		0.96	0.97	0.99	0.6	0.89	0.86	0.72	0.99	0.83	-0.98	0.82	0.92	0.86	-0.47	0.64	0.94	0.88	0.99	0.98	0.83
Other Liab	0.11	0.96	0.97	0.96	0.94	0.96		0.92	0.96	0.73	0.81	0.83	0.68	0.96	0.86	-1.0	0.69	0.91	0.95	-0.4	0.79	0.95	0.96	0.96	0.96	0.8
Net Tangible Assets	0.13	0.98	0.84	0.99	0.96	0.97	0.92		0.98	0.57	0.79	0.84	0.68	0.98	0.89	-0.94	0.76	0.95	0.83	-0.47	0.66	0.85	0.84	0.97	0.97	0.92
Property Plant And Equipment Net	0.11	1.0	0.9	0.98	0.99	0.99	0.96	0.98		0.68	0.84	0.81	0.64	1.0	0.83	-0.97	0.74	0.91	0.9	-0.38	0.7	0.93	0.91	1.0	1.0	0.83
Net Debt	0.05	0.66	0.85	0.63	0.7	0.6	0.73	0.57	0.68		0.42	0.25	0.03	0.68	0.57	-0.69	0.13	0.57	0.9	0.3	0.89	0.66	0.89	0.67	0.69	0.48
Retained Earnings	0.1	0.85	0.66	0.79	0.74	0.89	0.81	0.79	0.84	0.42		0.71	0.62	0.84	0.65	-0.85	0.94	0.75	0.67	-0.4	0.32	0.86	0.68	0.86	0.82	0.62
Accounts Payable	0.11	0.82	0.72	0.85	0.8	0.86	0.83	0.84	0.81	0.25	0.71		0.97	0.81	0.74	-0.85	0.76	0.81	0.64	-0.84	0.49	0.82	0.67	0.81	0.8	0.72
Cash	0.09	0.65	0.55	0.69	0.62	0.72	0.68	0.68	0.64	0.03	0.62	0.97		0.64	0.61	-0.7	0.72	0.68	0.45	-0.94	0.31	0.68	0.49	0.63	0.62	0.58
Non Current Assets Total	0.11	1.0	0.9	0.98	0.98	0.99	0.96	0.98	1.0	0.68	0.84	0.81	0.64		0.83	-0.97	0.74	0.91	0.9	-0.38	0.7	0.93	0.91	1.0	1.0	0.83
Non Currrent Assets Other	0.14	0.83	0.79	0.91	0.78	0.83	0.86	0.89	0.83	0.57	0.65	0.74	0.61	0.83		-0.86	0.64	0.98	0.79	-0.39	0.74	0.67	0.8	0.83	0.82	0.97
Other Assets	-0.11	-0.98	-0.94	-0.97	-0.95	-0.98	-1.0	-0.94	-0.97	-0.69	-0.85	-0.85	-0.7	-0.97	-0.86		-0.75	-0.92	-0.93	0.43	-0.74	-0.96	-0.94	-0.98	-0.97	-0.81
Cash And Short Term Investments	0.11	0.76	0.48	0.74	0.64	0.82	0.69	0.76	0.74	0.13	0.94	0.76	0.72	0.74	0.64	-0.75		0.74	0.47	-0.6	0.13	0.71	0.49	0.76	0.71	0.66
Net Receivables	0.14	0.91	0.83	0.97	0.86	0.92	0.91	0.95	0.91	0.57	0.75	0.81	0.68	0.91	0.98	-0.92	0.74		0.82	-0.45	0.71	0.77	0.83	0.91	0.9	0.97
Non Current Liabilities Total	0.09	0.89	0.99	0.89	0.9	0.86	0.95	0.83	0.9	0.9	0.67	0.64	0.45	0.9	0.79	-0.93	0.47	0.82		-0.12	0.91	0.89	1.0	0.9	0.91	0.72
Inventory	-0.07	-0.4	-0.24	-0.45	-0.37	-0.47	-0.4	-0.47	-0.38	0.3	-0.4	-0.84	-0.94	-0.38	-0.39	0.43	-0.6	-0.45	-0.12		-0.01	-0.41	-0.16	-0.38	-0.36	-0.4
Other Current Assets	0.08	0.69	0.91	0.73	0.75	0.64	0.79	0.66	0.7	0.89	0.32	0.49	0.31	0.7	0.74	-0.74	0.13	0.71	0.91	-0.01		0.65	0.9	0.68	0.72	0.66
Other Stockholder Equity	0.08	0.94	0.91	0.88	0.92	0.94	0.95	0.85	0.93	0.66	0.86	0.82	0.68	0.93	0.67	-0.96	0.71	0.77	0.89	-0.41	0.65		0.9	0.94	0.93	0.62
Total Liab	0.09	0.9	0.99	0.89	0.91	0.88	0.96	0.84	0.91	0.89	0.68	0.67	0.49	0.91	0.8	-0.94	0.49	0.83	1.0	-0.16	0.9	0.9		0.9	0.91	0.72
Net Invested Capital	0.11	1.0	0.9	0.98	0.98	0.99	0.96	0.97	1.0	0.67	0.86	0.81	0.63	1.0	0.83	-0.98	0.76	0.91	0.9	-0.38	0.68	0.94	0.9		1.0	0.83
Property Plant And Equipment Gross	0.11	1.0	0.91	0.98	0.99	0.98	0.96	0.97	1.0	0.69	0.82	0.8	0.62	1.0	0.82	-0.97	0.71	0.9	0.91	-0.36	0.72	0.93	0.91	1.0		0.83
Short Long Term Debt	0.14	0.83	0.72	0.91	0.8	0.83	0.8	0.92	0.83	0.48	0.62	0.72	0.58	0.83	0.97	-0.81	0.66	0.97	0.72	-0.4	0.66	0.62	0.72	0.83	0.83

Click cells to compare fundamentals

Granite Ridge Account Relationship Matchups

Granite Ridge fundamental ratios Accounts

		2020	2021	2022	2023	2024	2025 (projected)
Common Stock Shares Outstanding		44.4M	132.9M	133.1M	133.1M	130.2M	129.6M

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 Granite Stock Analysis

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