GrowGeneration Short Term Debt vs Net Working Capital Analysis

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

Short Term Debt vs Net Working Capital

Short Term Debt vs Net Working Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of GrowGeneration Corp Short Term Debt account and Net Working Capital. At this time, the significance of the direction appears to have strong relationship.

The correlation between GrowGeneration Corp's Short Term Debt and Net Working Capital is 0.69. Overlapping area represents the amount of variation of Short Term Debt that can explain the historical movement of Net Working Capital in the same time period over historical financial statements of GrowGeneration Corp, assuming nothing else is changed. The correlation between historical values of GrowGeneration Corp's Short Term Debt and Net Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Debt of GrowGeneration Corp are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Short Term Debt i.e., GrowGeneration Corp's Short Term Debt and Net Working Capital go up and down completely randomly.

Correlation Coefficient

0.69

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Short Term Debt

Net Working Capital

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

At this time, GrowGeneration Corp's Sales General And Administrative To Revenue is most likely to slightly decrease in the upcoming years. The GrowGeneration Corp's current Enterprise Value is estimated to increase to about 1.5 B, while Selling General Administrative is projected to decrease to roughly 15.5 M.

	2021	2022	2023	2024 (projected)
Gross Profit	118.2M	70.3M	61.3M	37.1M
Total Revenue	422.5M	278.2M	225.9M	138.1M

Gross Profit Total Revenue

GrowGeneration Corp fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Other Assets	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Capital Surpluse	Inventory	Total Liab	Short Long Term Debt	Total Current Assets	Short Term Debt	Common Stock	Property Plant Equipment	Short Long Term Debt Total	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Non Current Assets Total
Total Assets		0.1	0.98	1.0	0.87	-0.37	0.98	0.7	0.52	0.87	0.86	0.84	0.92	0.86	0.97	0.73	0.06	0.98	0.72	0.9	0.9	0.81	0.8	0.95	-0.36	0.97
Other Current Liab	0.1		0.07	0.11	-0.17	0.37	0.15	0.2	0.21	0.15	-0.11	0.13	0.03	-0.21	0.07	-0.41	0.06	0.12	-0.47	0.0	-0.17	-0.15	-0.17	-0.05	-0.29	0.06
Total Current Liabilities	0.98	0.07		0.95	0.88	-0.48	0.98	0.57	0.36	0.78	0.91	0.77	0.96	0.89	1.0	0.8	0.04	0.94	0.79	0.94	0.93	0.89	0.88	0.96	-0.18	0.97
Total Stockholder Equity	1.0	0.11	0.95		0.85	-0.31	0.96	0.75	0.58	0.9	0.83	0.86	0.89	0.84	0.95	0.69	0.06	0.98	0.68	0.88	0.88	0.77	0.75	0.94	-0.43	0.95
Net Tangible Assets	0.87	-0.17	0.88	0.85		-0.74	0.9	0.66	0.47	0.82	0.96	0.51	0.9	0.99	0.86	0.93	0.0	0.89	0.88	0.9	0.82	0.91	0.91	0.79	-0.26	0.8
Retained Earnings	-0.37	0.37	-0.48	-0.31	-0.74		-0.48	-0.12	0.04	-0.29	-0.75	0.13	-0.6	-0.77	-0.47	-0.85	0.06	-0.4	-0.79	-0.6	-0.46	-0.78	-0.8	-0.31	-0.25	-0.33
Accounts Payable	0.98	0.15	0.98	0.96	0.9	-0.48		0.68	0.49	0.86	0.91	0.74	0.96	0.89	0.97	0.76	0.06	0.97	0.73	0.95	0.87	0.85	0.84	0.91	-0.32	0.93
Cash	0.7	0.2	0.57	0.75	0.66	-0.12	0.68		0.97	0.96	0.53	0.55	0.56	0.58	0.53	0.34	0.09	0.82	0.27	0.62	0.39	0.33	0.32	0.52	-0.89	0.52
Other Assets	0.52	0.21	0.36	0.58	0.47	0.04	0.49	0.97		0.86	0.32	0.42	0.35	0.37	0.32	0.13	0.03	0.65	0.06	0.43	0.17	0.09	0.08	0.32	-0.97	0.31
Cash And Short Term Investments	0.87	0.15	0.78	0.9	0.82	-0.29	0.86	0.96	0.86		0.72	0.66	0.76	0.76	0.75	0.55	0.07	0.95	0.49	0.8	0.61	0.56	0.55	0.72	-0.74	0.72
Net Receivables	0.86	-0.11	0.91	0.83	0.96	-0.75	0.91	0.53	0.32	0.72		0.51	0.94	0.98	0.9	0.93	0.02	0.85	0.9	0.93	0.86	0.95	0.95	0.82	-0.11	0.82
Good Will	0.84	0.13	0.77	0.86	0.51	0.13	0.74	0.55	0.42	0.66	0.51		0.63	0.51	0.78	0.38	0.12	0.77	0.44	0.6	0.79	0.49	0.46	0.89	-0.35	0.88
Common Stock Shares Outstanding	0.92	0.03	0.96	0.89	0.9	-0.6	0.96	0.56	0.35	0.76	0.94	0.63		0.91	0.95	0.83	0.16	0.91	0.8	0.99	0.86	0.89	0.88	0.88	-0.17	0.88
Capital Surpluse	0.86	-0.21	0.89	0.84	0.99	-0.77	0.89	0.58	0.37	0.76	0.98	0.51	0.91		0.88	0.96	0.01	0.87	0.93	0.9	0.86	0.95	0.95	0.81	-0.15	0.82
Inventory	0.97	0.07	1.0	0.95	0.86	-0.47	0.97	0.53	0.32	0.75	0.9	0.78	0.95	0.88		0.79	0.05	0.92	0.8	0.92	0.94	0.9	0.88	0.96	-0.14	0.98
Total Liab	0.73	-0.41	0.8	0.69	0.93	-0.85	0.76	0.34	0.13	0.55	0.93	0.38	0.83	0.96	0.79		-0.02	0.71	0.99	0.81	0.84	0.95	0.96	0.74	0.1	0.73
Short Long Term Debt	0.06	0.06	0.04	0.06	0.0	0.06	0.06	0.09	0.03	0.07	0.02	0.12	0.16	0.01	0.05	-0.02		0.06	-0.03	0.2	0.02	-0.01	-0.04	0.06	-0.1	0.04
Total Current Assets	0.98	0.12	0.94	0.98	0.89	-0.4	0.97	0.82	0.65	0.95	0.85	0.77	0.91	0.87	0.92	0.71	0.06		0.67	0.91	0.82	0.76	0.75	0.89	-0.5	0.9
Short Term Debt	0.72	-0.47	0.79	0.68	0.88	-0.79	0.73	0.27	0.06	0.49	0.9	0.44	0.8	0.93	0.8	0.99	-0.03	0.67		0.78	0.88	0.94	0.94	0.77	0.16	0.75
Common Stock	0.9	0.0	0.94	0.88	0.9	-0.6	0.95	0.62	0.43	0.8	0.93	0.6	0.99	0.9	0.92	0.81	0.2	0.91	0.78		0.82	0.85	0.84	0.85	-0.25	0.83
Property Plant Equipment	0.9	-0.17	0.93	0.88	0.82	-0.46	0.87	0.39	0.17	0.61	0.86	0.79	0.86	0.86	0.94	0.84	0.02	0.82	0.88	0.82		0.9	0.89	0.97	0.02	0.96
Short Long Term Debt Total	0.81	-0.15	0.89	0.77	0.91	-0.78	0.85	0.33	0.09	0.56	0.95	0.49	0.89	0.95	0.9	0.95	-0.01	0.76	0.94	0.85	0.9		1.0	0.81	0.13	0.84
Property Plant And Equipment Net	0.8	-0.17	0.88	0.75	0.91	-0.8	0.84	0.32	0.08	0.55	0.95	0.46	0.88	0.95	0.88	0.96	-0.04	0.75	0.94	0.84	0.89	1.0		0.8	0.14	0.82
Current Deferred Revenue	0.95	-0.05	0.96	0.94	0.79	-0.31	0.91	0.52	0.32	0.72	0.82	0.89	0.88	0.81	0.96	0.74	0.06	0.89	0.77	0.85	0.97	0.81	0.8		-0.17	0.99
Net Debt	-0.36	-0.29	-0.18	-0.43	-0.26	-0.25	-0.32	-0.89	-0.97	-0.74	-0.11	-0.35	-0.17	-0.15	-0.14	0.1	-0.1	-0.5	0.16	-0.25	0.02	0.13	0.14	-0.17		-0.15
Non Current Assets Total	0.97	0.06	0.97	0.95	0.8	-0.33	0.93	0.52	0.31	0.72	0.82	0.88	0.88	0.82	0.98	0.73	0.04	0.9	0.75	0.83	0.96	0.84	0.82	0.99	-0.15

Click cells to compare fundamentals

GrowGeneration Corp Account Relationship Matchups

GrowGeneration Corp fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	72.0M	354.7M	459.3M	293.4M	239.1M	161.9M
Other Current Liab	1.6M	3.3M	(265K)	9.1M	(7.6M)	(7.2M)
Total Current Liabilities	12.1M	27.3M	47.1M	35.8M	30.9M	17.6M
Total Stockholder Equity	53.9M	317.0M	371.3M	216.4M	173.4M	129.3M
Net Tangible Assets	35.9M	232.6M	197.5M	216.4M	248.9M	261.3M
Retained Earnings	(6.9M)	(2.6M)	10.1M	(153.6M)	(200.1M)	(190.1M)
Accounts Payable	6.0M	14.6M	17.0M	15.7M	11.7M	7.6M
Cash	13.0M	177.9M	41.4M	40.1M	29.8M	35.1M
Other Assets	377.4K	13.6M	800K	803K	923.5K	877.3K
Cash And Short Term Investments	13.0M	177.9M	81.2M	71.9M	65.0M	46.9M
Net Receivables	4.5M	6.5M	8.2M	9.6M	9.1M	9.5M
Good Will	17.8M	63.0M	125.4M	16.0M	7.5M	7.1M
Common Stock Shares Outstanding	33.9M	46.5M	60.5M	60.8M	61.2M	36.2M
Capital Surpluse	60.7M	319.6M	361.1M	369.9M	425.4M	446.7M
Inventory	22.7M	54.0M	105.6M	77.1M	64.9M	37.6M
Total Liab	18.1M	37.7M	88.0M	77.0M	125.4M	131.7M
Short Long Term Debt	110.2K	82.9K	92K	50K	57.5K	54.6K
Total Current Assets	42.6M	250.2M	216.9M	170.7M	147.5M	95.3M
Short Term Debt	1.9M	3.1M	13.8M	8.2M	16.0M	16.8M
Common Stock	36.9K	57.2K	60K	61K	70.2K	38.2K
Property Plant Equipment	11.0M	18.6M	67.8M	28.7M	33.0M	34.6M
Short Long Term Debt Total	8.0M	12.7M	45.6M	48.8M	42.5M	44.6M
Property Plant And Equipment Net	11.0M	18.6M	67.8M	75.1M	67.0M	70.3M
Current Deferred Revenue	2.5M	5.2M	11.7M	4.3M	5.4M	3.6M
Net Debt	(5.0M)	(165.2M)	4.2M	8.8M	12.7M	13.3M
Non Current Assets Total	29.4M	104.5M	242.4M	122.8M	91.6M	74.0M
Non Currrent Assets Other	377.4K	1.5M	800K	803K	949K	600.1K
Long Term Debt	2.4M	242.1K	158.0K	66K	75.9K	72.1K
Common Stock Total Equity	36.9K	57.2K	60K	61K	70.2K	38.6K
Long Term Debt Total	82.5K	2.4M	242.1K	158.0K	181.7K	172.6K
Liabilities And Stockholders Equity	72.0M	354.7M	459.3M	293.4M	298.8M	187.1M
Non Current Liabilities Total	6.0M	10.4M	41.0M	41.3M	94.5M	99.2M
Other Current Assets	2.5M	11.8M	22.0M	12.1M	8.5M	7.1M
Other Stockholder Equity	60.7M	319.6M	361.1M	369.9M	373.4M	188.6M
Property Plant And Equipment Gross	11.0M	18.6M	24.1M	28.7M	87.0M	91.3M

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GrowGeneration Short Term Debt vs Net Working Capital Analysis

Short Term Debt vs Net Working Capital

Short Term Debt vs Net Working Capital Correlation Analysis

Correlation Coefficient

Short Term Debt

Net Working Capital

GrowGeneration Corp fundamental ratios Correlations

GrowGeneration Corp Account Relationship Matchups

High Positive Relationship

High Negative Relationship

GrowGeneration Corp fundamental ratios Accounts

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Total Stockholder Equity	+ 1.0	Total Assets
Inventory	+ 1.0	Total Current Liabilities
Property Plant And Equipment Net	+ 1.0	Short Long Term Debt Total
Capital Surpluse	+ 0.99	Net Tangible Assets
Common Stock	+ 0.99	Common Stock Shares Outstanding
Short Term Debt	+ 0.99	Total Liab

Net Debt	- 0.97	Other Assets
Net Debt	- 0.89	Cash
Total Liab	- 0.85	Retained Earnings
Property Plant And Equipment Net	- 0.8	Retained Earnings
Short Term Debt	- 0.79	Retained Earnings
Short Long Term Debt Total	- 0.78	Retained Earnings