Gorilla Net Debt vs Cash Analysis

GRRR Stock

USD 4.35 0.43 10.97%

Gorilla Technology financial indicator trend analysis is much more than just examining Gorilla Technology latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Gorilla Technology is a good investment. Please check the relationship between Gorilla Technology Net Debt and its Cash accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gorilla Technology Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Net Debt vs Cash

Net Debt vs Cash Correlation Analysis

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

The correlation between Gorilla Technology's Net Debt and Cash is -0.89. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Cash in the same time period over historical financial statements of Gorilla Technology Group, assuming nothing else is changed. The correlation between historical values of Gorilla Technology's Net Debt and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Gorilla Technology Group are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Net Debt i.e., Gorilla Technology's Net Debt and Cash go up and down completely randomly.

Correlation Coefficient

-0.89

Relationship Direction	Negative
Relationship Strength	Significant

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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.

Cash

Cash refers to the most liquid asset of Gorilla Technology, which is listed under current asset account on Gorilla Technology Group balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Gorilla Technology customers. The amounts must be unrestricted with restricted cash listed in a different Gorilla Technology account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

Most indicators from Gorilla Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Gorilla Technology 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 Gorilla Technology Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

At this time, Gorilla Technology's Tax Provision is relatively stable compared to the past year. As of 11/22/2024, Selling General Administrative is likely to grow to about 17.4 M, while Issuance Of Capital Stock is likely to drop slightly above 15.5 M.

	2021	2022	2023	2024 (projected)
Depreciation And Amortization	8.7M	7.6M	1.2M	1.2M
Interest Income	37.9K	235.9K	770.4K	808.9K

Depreciation And Amortization Interest Income

Gorilla Technology fundamental ratios Correlations

	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	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Capital Lease Obligations	Inventory	Other Current Assets	Other Stockholder Equity
Total Assets		0.76	0.32	0.58	0.52	-0.11	-0.11	0.06	0.03	0.79	0.11	0.28	-0.71	0.62	0.05	0.09	-0.27	0.07	0.73	0.22	0.51	-0.27	0.36	-0.14	0.5	-0.04
Short Long Term Debt Total	0.76		0.4	0.59	0.16	-0.33	-0.34	0.16	-0.31	0.9	0.06	0.42	-0.79	0.44	0.0	0.28	0.03	-0.17	0.64	0.06	0.47	0.02	0.76	-0.09	0.39	-0.12
Other Current Liab	0.32	0.4		0.87	-0.62	-0.84	-0.94	-0.83	-0.88	0.51	-0.88	0.87	-0.77	-0.52	0.86	0.84	-0.79	0.74	-0.26	0.85	0.96	-0.8	-0.1	-0.9	0.94	0.81
Total Current Liabilities	0.58	0.59	0.87		-0.29	-0.75	-0.84	-0.65	-0.75	0.79	-0.66	0.91	-0.84	-0.13	0.78	0.86	-0.62	0.63	0.18	0.83	0.87	-0.63	0.15	-0.73	0.82	0.7
Total Stockholder Equity	0.52	0.16	-0.62	-0.29		0.61	0.76	0.7	0.82	0.12	0.82	-0.57	0.17	0.94	-0.66	-0.67	0.37	-0.48	0.76	-0.49	-0.44	0.38	0.28	0.66	-0.39	-0.66
Other Liab	-0.11	-0.33	-0.84	-0.75	0.61		0.83	0.73	0.88	-0.35	0.79	-0.7	0.45	0.5	-0.82	-0.86	0.61	-0.71	0.32	-0.76	-0.69	0.62	-0.15	0.59	-0.68	-0.77
Net Tangible Assets	-0.11	-0.34	-0.94	-0.84	0.76	0.83		0.81	0.98	-0.49	0.89	-0.95	0.7	0.61	-0.87	-0.94	0.6	-0.65	0.29	-0.81	-0.84	0.61	0.03	0.87	-0.78	-0.82
Property Plant And Equipment Net	0.06	0.16	-0.83	-0.65	0.7	0.73	0.81		0.76	-0.06	0.98	-0.72	0.35	0.76	-0.97	-0.79	0.87	-0.95	0.59	-0.94	-0.75	0.88	0.53	0.89	-0.77	-0.98
Current Deferred Revenue	0.03	-0.31	-0.88	-0.75	0.82	0.88	0.98	0.76		-0.41	0.87	-0.88	0.57	0.65	-0.84	-0.94	0.51	-0.6	0.36	-0.74	-0.73	0.52	-0.05	0.76	-0.67	-0.78
Net Debt	0.79	0.9	0.51	0.79	0.12	-0.35	-0.49	-0.06	-0.41		-0.12	0.66	-0.89	0.38	0.24	0.49	-0.11	0.03	0.67	0.33	0.59	-0.12	0.57	-0.33	0.5	0.13
Retained Earnings	0.11	0.06	-0.88	-0.66	0.82	0.79	0.89	0.98	0.87	-0.12		-0.78	0.42	0.82	-0.96	-0.84	0.8	-0.87	0.61	-0.89	-0.77	0.81	0.42	0.91	-0.77	-0.96
Accounts Payable	0.28	0.42	0.87	0.91	-0.57	-0.7	-0.95	-0.72	-0.88	0.66	-0.78		-0.78	-0.4	0.83	0.93	-0.53	0.58	-0.03	0.81	0.82	-0.54	0.01	-0.85	0.74	0.76
Cash	-0.71	-0.79	-0.77	-0.84	0.17	0.45	0.7	0.35	0.57	-0.89	0.42	-0.78		-0.03	-0.44	-0.57	0.42	-0.26	-0.35	-0.5	-0.85	0.43	-0.25	0.65	-0.78	-0.35
Non Current Assets Total	0.62	0.44	-0.52	-0.13	0.94	0.5	0.61	0.76	0.65	0.38	0.82	-0.4	-0.03		-0.65	-0.51	0.49	-0.59	0.92	-0.5	-0.36	0.5	0.56	0.64	-0.36	-0.7
Non Currrent Assets Other	0.05	0.0	0.86	0.78	-0.66	-0.82	-0.87	-0.97	-0.84	0.24	-0.96	0.83	-0.44	-0.65		0.9	-0.81	0.92	-0.42	0.98	0.77	-0.82	-0.34	-0.87	0.77	0.99
Other Assets	0.09	0.28	0.84	0.86	-0.67	-0.86	-0.94	-0.79	-0.94	0.49	-0.84	0.93	-0.57	-0.51	0.9		-0.53	0.68	-0.2	0.85	0.71	-0.54	0.04	-0.75	0.65	0.85
Long Term Debt	-0.27	0.03	-0.79	-0.62	0.37	0.61	0.6	0.87	0.51	-0.11	0.8	-0.53	0.42	0.49	-0.81	-0.53		-0.93	0.41	-0.86	-0.82	1.0	0.53	0.8	-0.89	-0.82
Cash And Short Term Investments	0.07	-0.17	0.74	0.63	-0.48	-0.71	-0.65	-0.95	-0.6	0.03	-0.87	0.58	-0.26	-0.59	0.92	0.68	-0.93		-0.49	0.94	0.69	-0.93	-0.51	-0.76	0.76	0.94
Net Receivables	0.73	0.64	-0.26	0.18	0.76	0.32	0.29	0.59	0.36	0.67	0.61	-0.03	-0.35	0.92	-0.42	-0.2	0.41	-0.49		-0.28	-0.11	0.41	0.63	0.37	-0.16	-0.5
Common Stock Shares Outstanding	0.22	0.06	0.85	0.83	-0.49	-0.76	-0.81	-0.94	-0.74	0.33	-0.89	0.81	-0.5	-0.5	0.98	0.85	-0.86	0.94	-0.28		0.8	-0.86	-0.34	-0.85	0.81	0.97
Short Term Investments	0.51	0.47	0.96	0.87	-0.44	-0.69	-0.84	-0.75	-0.73	0.59	-0.77	0.82	-0.85	-0.36	0.77	0.71	-0.82	0.69	-0.11	0.8		-0.82	-0.13	-0.88	0.99	0.71
Non Current Liabilities Total	-0.27	0.02	-0.8	-0.63	0.38	0.62	0.61	0.88	0.52	-0.12	0.81	-0.54	0.43	0.5	-0.82	-0.54	1.0	-0.93	0.41	-0.86	-0.82		0.52	0.8	-0.89	-0.83
Capital Lease Obligations	0.36	0.76	-0.1	0.15	0.28	-0.15	0.03	0.53	-0.05	0.57	0.42	0.01	-0.25	0.56	-0.34	0.04	0.53	-0.51	0.63	-0.34	-0.13	0.52		0.46	-0.21	-0.44
Inventory	-0.14	-0.09	-0.9	-0.73	0.66	0.59	0.87	0.89	0.76	-0.33	0.91	-0.85	0.65	0.64	-0.87	-0.75	0.8	-0.76	0.37	-0.85	-0.88	0.8	0.46		-0.87	-0.85
Other Current Assets	0.5	0.39	0.94	0.82	-0.39	-0.68	-0.78	-0.77	-0.67	0.5	-0.77	0.74	-0.78	-0.36	0.77	0.65	-0.89	0.76	-0.16	0.81	0.99	-0.89	-0.21	-0.87		0.73
Other Stockholder Equity	-0.04	-0.12	0.81	0.7	-0.66	-0.77	-0.82	-0.98	-0.78	0.13	-0.96	0.76	-0.35	-0.7	0.99	0.85	-0.82	0.94	-0.5	0.97	0.71	-0.83	-0.44	-0.85	0.73

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Gorilla Technology Account Relationship Matchups

Pair Trading with Gorilla Technology

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Gorilla Technology position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Gorilla Technology will appreciate offsetting losses from the drop in the long position's value.

Moving together with Gorilla Stock

0.7

Aurora Mobile Trending

Pair Corr

Moving against Gorilla Stock

0.84	VRNT	Verint Systems	Pair Corr
0.79	VRAR	Glimpse Group	Pair Corr
0.58	VHAI	VHAI	Pair Corr

The ability to find closely correlated positions to Gorilla Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gorilla Technology when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Gorilla Technology - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Gorilla Technology Group to buy it.

The correlation of Gorilla Technology is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Gorilla Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gorilla Technology moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Gorilla Technology can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for Gorilla Stock Analysis

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

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