| YGT Stock | | | CAD 0.06 0.00 0.00% |
Gold Terra financial indicator trend analysis is much more than just examining Gold Terra Resource latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Gold Terra Resource is a good investment. Please check the relationship between Gold Terra Cash And Short Term Investments and its Total Current Liabilities accounts. Check out
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Gold Terra Resource. 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 And Short Term Investments vs Total Current Liabilities
Cash And Short Term Investments vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Gold Terra Resource Cash And Short Term Investments account and
Total Current Liabilities. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Gold Terra's Cash And Short Term Investments and Total Current Liabilities is 0.59. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Gold Terra Resource, assuming nothing else is changed. The correlation between historical values of Gold Terra's Cash And Short Term Investments 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 And Short Term Investments of Gold Terra Resource 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 And Short Term Investments i.e., Gold Terra's Cash And Short Term Investments and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | 0.59 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Gold Terra Resource balance sheet. This account contains Gold Terra investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Gold Terra Resource fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.
Total Current Liabilities
Total Current Liabilities is an item on Gold Terra balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Gold Terra Resource 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 Gold Terra's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Gold Terra Resource 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 Gold Terra Resource. 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, Gold Terra's
Issuance Of Capital Stock is fairly stable compared to the past year.
Enterprise Value is likely to climb to about 18
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 1.5
M in 2024.
Gold Terra fundamental ratios Correlations
Click cells to compare fundamentals
Gold Terra Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Gold Terra fundamental ratios Accounts
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