| GVR Stock | | | 0.04 0.00 0.00% |
Grosvenor Resource financial indicator trend analysis is much more than just examining Grosvenor Resource Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Grosvenor Resource Corp is a good investment. Please check the relationship between Grosvenor Resource Cash and its Total Current Liabilities accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Grosvenor Resource 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 board of governors.
Cash vs Total Current Liabilities
Cash vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Grosvenor Resource Corp Cash account and
Total Current Liabilities. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Grosvenor Resource's Cash and Total Current Liabilities is 0.11. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Grosvenor Resource Corp, assuming nothing else is changed. The correlation between historical values of Grosvenor Resource's Cash and Total Current Liabilities 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 of Grosvenor Resource Corp are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Cash i.e., Grosvenor Resource's Cash and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | 0.11 |
| Relationship Direction | Positive |
| Relationship Strength | Insignificant |
Cash
Cash refers to the most liquid asset of Grosvenor Resource Corp, which is listed under current asset account on Grosvenor Resource Corp balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Grosvenor Resource customers. The amounts must be unrestricted with restricted cash listed in a different Grosvenor Resource 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.
Total Current Liabilities
Total Current Liabilities is an item on Grosvenor Resource balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Grosvenor Resource Corp are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
Most indicators from Grosvenor Resource's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Grosvenor Resource 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 Grosvenor Resource 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 board of governors.
At this time, Grosvenor Resource's
Selling General Administrative is fairly stable compared to the past year.
Tax Provision is likely to climb to about 115.2
K in 2024, whereas
Enterprise Value is likely to drop slightly above 1.1
M in 2024.
Grosvenor Resource fundamental ratios Correlations
Click cells to compare fundamentals
Grosvenor Resource Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Grosvenor Resource fundamental ratios Accounts
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Additional Tools for Grosvenor Stock Analysis
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measure Grosvenor Resource'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 Grosvenor Resource is operating at the current time. Most of Grosvenor Resource's value examination focuses on studying past and present price action to
predict the probability of Grosvenor Resource's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Grosvenor Resource's price. Additionally, you may evaluate how the addition of Grosvenor Resource to your portfolios can decrease your overall portfolio volatility.