Gold Cash And Equivalents vs Net Debt Analysis

GROY Stock

USD 1.28 0.03 2.29%

Gold Royalty financial indicator trend analysis is much more than just examining Gold Royalty Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Gold Royalty Corp is a good investment. Please check the relationship between Gold Royalty Cash And Equivalents and its Net Debt accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gold Royalty 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 persons.

Cash And Equivalents vs Net Debt

Cash And Equivalents vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Gold Royalty Corp Cash And Equivalents account and Net Debt. At this time, the significance of the direction appears to have pay attention.

The correlation between Gold Royalty's Cash And Equivalents and Net Debt is -0.93. Overlapping area represents the amount of variation of Cash And Equivalents that can explain the historical movement of Net Debt in the same time period over historical financial statements of Gold Royalty Corp, assuming nothing else is changed. The correlation between historical values of Gold Royalty's Cash And Equivalents and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Equivalents of Gold Royalty Corp are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Cash And Equivalents i.e., Gold Royalty's Cash And Equivalents and Net Debt go up and down completely randomly.

Correlation Coefficient

-0.93

Relationship Direction	Negative
Relationship Strength	Significant

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Cash And Equivalents

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Most indicators from Gold Royalty's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Gold Royalty 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 Gold Royalty 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 persons.

At this time, Gold Royalty's Selling General Administrative is fairly stable compared to the past year. Issuance Of Capital Stock is likely to rise to about 1.5 M in 2024, despite the fact that Tax Provision is likely to grow to (5.8 M).

	2021	2022	2023	2024 (projected)
Total Operating Expenses	12.6M	19.6M	10.3M	11.7M
Cost Of Revenue	168.7K	1.8M	1.5M	939.6K

Total Operating Expenses Cost Of Revenue

Gold Royalty fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	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	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital	Property Plant And Equipment Gross	Total Current Assets	Capital Stock
Total Assets		-0.99	0.86	1.0	0.96	1.0	0.65	-0.91	0.93	0.59	1.0	0.99	0.11	0.98	0.98	-0.58	0.97	1.0	-0.58	0.87	0.42	1.0	1.0	1.0	0.84	1.0
Other Current Liab	-0.99		-0.87	-0.99	-0.99	-0.99	-0.69	0.93	-0.91	-0.56	-0.99	-0.98	-0.08	-0.95	-0.98	0.66	-0.96	-0.98	0.66	-0.86	-0.39	-0.98	-0.99	-0.99	-0.85	-0.99
Total Current Liabilities	0.86	-0.87		0.87	0.83	0.86	0.32	-0.72	0.95	0.89	0.86	0.8	0.52	0.91	0.88	-0.42	0.73	0.81	-0.42	0.95	0.75	0.83	0.86	0.86	0.99	0.87
Total Stockholder Equity	1.0	-0.99	0.87		0.96	1.0	0.64	-0.91	0.93	0.61	1.0	0.99	0.12	0.98	0.98	-0.58	0.97	0.99	-0.58	0.88	0.43	1.0	1.0	1.0	0.85	1.0
Net Tangible Assets	0.96	-0.99	0.83	0.96		0.96	0.78	-0.98	0.89	0.49	0.96	0.94	0.06	0.93	0.93	-0.77	0.94	0.96	-0.77	0.85	0.38	0.96	0.96	0.96	0.79	0.96
Property Plant And Equipment Net	1.0	-0.99	0.86	1.0	0.96		0.65	-0.91	0.92	0.59	1.0	0.99	0.1	0.97	0.98	-0.58	0.98	1.0	-0.58	0.87	0.41	1.0	1.0	1.0	0.83	1.0
Net Debt	0.65	-0.69	0.32	0.64	0.78	0.65		-0.89	0.49	-0.13	0.65	0.66	-0.35	0.56	0.55	-0.93	0.73	0.7	-0.93	0.43	-0.07	0.68	0.65	0.65	0.25	0.65
Retained Earnings	-0.91	0.93	-0.72	-0.91	-0.98	-0.91	-0.89		-0.83	-0.34	-0.91	-0.89	0.01	-0.87	-0.84	0.85	-0.92	-0.93	0.85	-0.78	-0.31	-0.92	-0.91	-0.91	-0.66	-0.91
Accounts Payable	0.93	-0.91	0.95	0.93	0.89	0.92	0.49	-0.83		0.79	0.92	0.86	0.47	0.98	0.88	-0.51	0.83	0.9	-0.51	0.99	0.73	0.91	0.93	0.92	0.9	0.93
Cash	0.59	-0.56	0.89	0.61	0.49	0.59	-0.13	-0.34	0.79		0.58	0.51	0.78	0.71	0.63	-0.01	0.4	0.52	-0.01	0.83	0.88	0.54	0.59	0.59	0.89	0.59
Non Current Assets Total	1.0	-0.99	0.86	1.0	0.96	1.0	0.65	-0.91	0.92	0.58		0.99	0.1	0.97	0.98	-0.58	0.98	1.0	-0.58	0.87	0.41	1.0	1.0	1.0	0.83	1.0
Non Currrent Assets Other	0.99	-0.98	0.8	0.99	0.94	0.99	0.66	-0.89	0.86	0.51	0.99		-0.03	0.93	0.98	-0.55	0.99	0.99	-0.55	0.79	0.28	0.99	0.99	0.99	0.79	0.99
Other Assets	0.11	-0.08	0.52	0.12	0.06	0.1	-0.35	0.01	0.47	0.78	0.1	-0.03		0.32	0.07	0.13	-0.1	0.04	0.13	0.57	0.95	0.06	0.11	0.1	0.47	0.12
Cash And Short Term Investments	0.98	-0.95	0.91	0.98	0.93	0.97	0.56	-0.87	0.98	0.71	0.97	0.93	0.32		0.93	-0.52	0.91	0.96	-0.52	0.95	0.6	0.97	0.98	0.97	0.87	0.98
Net Receivables	0.98	-0.98	0.88	0.98	0.93	0.98	0.55	-0.84	0.88	0.63	0.98	0.98	0.07	0.93		-0.5	0.95	0.96	-0.5	0.82	0.37	0.97	0.98	0.98	0.88	0.98
Common Stock Total Equity	-0.58	0.66	-0.42	-0.58	-0.77	-0.58	-0.93	0.85	-0.51	-0.01	-0.58	-0.55	0.13	-0.52	-0.5		-0.6	-0.6	1.0	-0.5	-0.12	-0.6	-0.58	-0.58	-0.36	-0.58
Common Stock Shares Outstanding	0.97	-0.96	0.73	0.97	0.94	0.98	0.73	-0.92	0.83	0.4	0.98	0.99	-0.1	0.91	0.95	-0.6		0.99	-0.6	0.75	0.22	0.99	0.97	0.98	0.7	0.97
Non Current Liabilities Total	1.0	-0.98	0.81	0.99	0.96	1.0	0.7	-0.93	0.9	0.52	1.0	0.99	0.04	0.96	0.96	-0.6	0.99		-0.6	0.84	0.36	1.0	1.0	1.0	0.78	1.0
Inventory	-0.58	0.66	-0.42	-0.58	-0.77	-0.58	-0.93	0.85	-0.51	-0.01	-0.58	-0.55	0.13	-0.52	-0.5	1.0	-0.6	-0.6		-0.5	-0.12	-0.6	-0.58	-0.58	-0.36	-0.58
Other Current Assets	0.87	-0.86	0.95	0.88	0.85	0.87	0.43	-0.78	0.99	0.83	0.87	0.79	0.57	0.95	0.82	-0.5	0.75	0.84	-0.5		0.8	0.85	0.87	0.87	0.9	0.88
Other Stockholder Equity	0.42	-0.39	0.75	0.43	0.38	0.41	-0.07	-0.31	0.73	0.88	0.41	0.28	0.95	0.6	0.37	-0.12	0.22	0.36	-0.12	0.8		0.38	0.42	0.41	0.69	0.42
Total Liab	1.0	-0.98	0.83	1.0	0.96	1.0	0.68	-0.92	0.91	0.54	1.0	0.99	0.06	0.97	0.97	-0.6	0.99	1.0	-0.6	0.85	0.38		1.0	1.0	0.8	1.0
Net Invested Capital	1.0	-0.99	0.86	1.0	0.96	1.0	0.65	-0.91	0.93	0.59	1.0	0.99	0.11	0.98	0.98	-0.58	0.97	1.0	-0.58	0.87	0.42	1.0		1.0	0.84	1.0
Property Plant And Equipment Gross	1.0	-0.99	0.86	1.0	0.96	1.0	0.65	-0.91	0.92	0.59	1.0	0.99	0.1	0.97	0.98	-0.58	0.98	1.0	-0.58	0.87	0.41	1.0	1.0		0.83	1.0
Total Current Assets	0.84	-0.85	0.99	0.85	0.79	0.83	0.25	-0.66	0.9	0.89	0.83	0.79	0.47	0.87	0.88	-0.36	0.7	0.78	-0.36	0.9	0.69	0.8	0.84	0.83		0.84
Capital Stock	1.0	-0.99	0.87	1.0	0.96	1.0	0.65	-0.91	0.93	0.59	1.0	0.99	0.12	0.98	0.98	-0.58	0.97	1.0	-0.58	0.88	0.42	1.0	1.0	1.0	0.84

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Gold Cash And Equivalents vs Net Debt Analysis

Cash And Equivalents vs Net Debt

Cash And Equivalents vs Net Debt Correlation Analysis

Correlation Coefficient

Cash And Equivalents

Net Debt

Gold Royalty fundamental ratios Correlations

Gold Royalty Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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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
Non Current Liabilities Total	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Net Invested Capital	+ 1.0	Total Assets

Capital Stock	- 0.99	Other Current Liab
Property Plant And Equipment Gross	- 0.99	Other Current Liab
Net Invested Capital	- 0.99	Other Current Liab
Non Current Assets Total	- 0.99	Other Current Liab
Property Plant And Equipment Net	- 0.99	Other Current Liab
Net Tangible Assets	- 0.99	Other Current Liab