GoldMoney Accounts Payable vs Other Stockholder Equity Analysis
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GoldMoney financial indicator trend analysis is much more than just examining GoldMoney latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether GoldMoney is a good investment. Please check the relationship between GoldMoney Accounts Payable and its Other Stockholder Equity accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in GoldMoney. 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.
Accounts Payable vs Other Stockholder Equity
Accounts Payable vs Other Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of GoldMoney Accounts Payable account and Other Stockholder Equity. At this time, the significance of the direction appears to have very strong relationship.
The correlation between GoldMoney's Accounts Payable and Other Stockholder Equity is 0.84. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Other Stockholder Equity in the same time period over historical financial statements of GoldMoney, assuming nothing else is changed. The correlation between historical values of GoldMoney's Accounts Payable and Other Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of GoldMoney are associated (or correlated) with its Other Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Stockholder Equity has no effect on the direction of Accounts Payable i.e., GoldMoney's Accounts Payable and Other Stockholder Equity go up and down completely randomly.
Correlation Coefficient | 0.84 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Accounts Payable
An accounting item on the balance sheet that represents GoldMoney obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of GoldMoney are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.Other Stockholder Equity
Most indicators from GoldMoney's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into GoldMoney 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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in GoldMoney. 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. As of the 25th of November 2024, Enterprise Value is likely to grow to about 197.7 M, while Selling General Administrative is likely to drop about 747.6 K.
| 2021 | 2022 | 2023 | 2024 (projected) | Tax Provision | 441.8K | 1.2M | 508.6K | 497.8K | Interest Income | 1.1M | 3.3M | 2.6M | 3.5M |
GoldMoney fundamental ratios Correlations
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GoldMoney Account Relationship Matchups
High Positive Relationship
High Negative Relationship
GoldMoney fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 191.8M | 184.7M | 190.2M | 177.0M | 176.1M | 185.5M | |
| Total Current Liabilities | 3.1M | 10.7M | 8.3M | 2.0M | 3.9M | 8.0M | |
| Total Stockholder Equity | 187.6M | 172.4M | 180.5M | 175.2M | 172.5M | 141.2M | |
| Net Debt | (31.8M) | (22.6M) | (26.0M) | (40.1M) | 25.5M | 26.8M | |
| Retained Earnings | 5.9M | (10.1M) | 1.5M | (4.2M) | 2.6M | (21.9M) | |
| Accounts Payable | 3.1M | 6.3M | 5.4M | 1.8M | 3.9M | 2.7M | |
| Cash | 26.5M | 33.5M | 24.1M | 26.0M | 40.1M | 13.3M | |
| Non Current Assets Total | 94.2M | 93.9M | 76.3M | 65.4M | 167.9M | 176.3M | |
| Non Currrent Assets Other | (94.2M) | (93.9M) | (76.3M) | (65.4M) | 17.1M | 17.9M | |
| Cash And Short Term Investments | 45.3M | 28.6M | 32.0M | 42.2M | 13.3M | 12.7M | |
| Net Receivables | 24.1M | 23.6M | 12.3M | 13.8M | 1.4M | 1.3M | |
| Liabilities And Stockholders Equity | 184.7M | 190.2M | 177.0M | 176.1M | 185.5M | 139.8M | |
| Non Current Liabilities Total | 1.6M | 1.4M | 437.0 | 0.0 | 36.3M | 38.1M | |
| Total Liab | 4.2M | 12.3M | 9.7M | 2.0M | 3.9M | 44.3M | |
| Total Current Assets | 97.9M | 90.5M | 96.3M | 100.7M | 110.6M | 17.6M | |
| Common Stock | 168.1M | 170.4M | 165.2M | 165.6M | 156.2M | 149.2M | |
| Common Stock Shares Outstanding | 77.7M | 15.6M | 75.8M | 75.0M | 13.7M | 13.0M | |
| Other Stockholder Equity | 11.1M | 11.4M | 13.5M | 13.6M | 13.4M | 12.4M | |
| Short Long Term Debt Total | 1.9M | 1.5M | 437.0 | 38.8M | 44.7M | 46.9M | |
| Other Current Liab | 10.5M | 8.3M | 230K | 639K | 699.6K | 664.6K | |
| Property Plant And Equipment Net | 4.7M | 4.3M | 1.4M | 882.5K | 767.0K | 728.6K | |
| Current Deferred Revenue | (6.3M) | (5.4M) | (437.0) | 2.0M | 2.3M | 2.4M | |
| Short Term Investments | 17.4M | 11.8M | 4.5M | 6.0M | 2.2M | 0.0 | |
| Inventory | 18.3M | 16.5M | 38.1M | 54.2M | 53.3M | 2.1M | |
| Other Current Assets | 5.5M | 4.6M | 6.0M | 2.1M | 1.3M | 784.7K | |
| Accumulated Other Comprehensive Income | 832.2K | 251.7K | 295.1K | 347.9K | 1.5M | 1.6M | |
| Short Term Debt | 65.3K | 185.6K | 75.4K | 437.0 | 0.0 | 2.6M | |
| Intangible Assets | 20.8M | 21.1M | 19.4M | 18.9M | 18.2M | 17.1M | |
| Net Tangible Assets | 126.0M | 114.1M | 126.1M | 135.2M | 142.6M | 2.3M | |
| Property Plant Equipment | 4.1M | 4.7M | 4.3M | 1.4M | 882.5K | 72.8K | |
| Property Plant And Equipment Gross | 4.7M | 6.0M | 3.1M | 1.5M | 1.2M | 1.2M | |
| Capital Surpluse | 11.4M | 13.5M | 13.6M | 13.4M | 15.4M | 12.4M | |
| Cash And Equivalents | 33.5M | 24.1M | 26.0M | 40.1M | 36.1M | 25.1M | |
| Long Term Debt | 1.0M | 961.2K | 0.0 | 36.3M | 41.7M | 43.8M | |
| Net Invested Capital | 173.5M | 181.5M | 175.2M | 172.5M | 177.4M | 193.5M | |
| Long Term Investments | 31.2M | 35.2M | 34.8M | 34.6M | 20.6M | 30.1M |
Pair Trading with GoldMoney
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 GoldMoney 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 GoldMoney will appreciate offsetting losses from the drop in the long position's value.Moving against GoldMoney Stock
The ability to find closely correlated positions to GoldMoney could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace GoldMoney 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 GoldMoney - 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 GoldMoney to buy it.
The correlation of GoldMoney 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 GoldMoney moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if GoldMoney 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 GoldMoney 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.Other Information on Investing in GoldMoney Stock
Balance Sheet is a snapshot of the financial position of GoldMoney at a specified time, usually calculated after every quarter, six months, or one year. GoldMoney Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of GoldMoney and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which GoldMoney currently owns. An asset can also be divided into two categories, current and non-current.