Globex Total Current Assets vs Total Current Liabilities Analysis

GMX Stock

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Globex Mining financial indicator trend analysis is much more than just examining Globex Mining Enterprises latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Globex Mining Enterprises is a good investment. Please check the relationship between Globex Mining Total Current Assets 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 Globex Mining Enterprises. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

Total Current Assets vs Total Current Liabilities

Total Current Assets vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Globex Mining Enterprises Total Current Assets account and Total Current Liabilities. At this time, the significance of the direction appears to have almost no relationship.

The correlation between Globex Mining's Total Current Assets and Total Current Liabilities is 0.12. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Globex Mining Enterprises, assuming nothing else is changed. The correlation between historical values of Globex Mining's Total Current Assets 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 Total Current Assets of Globex Mining Enterprises 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 Total Current Assets i.e., Globex Mining's Total Current Assets and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.12

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Total Current Liabilities

Total Current Liabilities is an item on Globex Mining balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Globex Mining Enterprises 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 Globex Mining's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Globex Mining Enterprises 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 Globex Mining Enterprises. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

As of the 29th of May 2024, Enterprise Value is likely to grow to about 50.5 M, while Selling General Administrative is likely to drop about 1.3 M.

	2021	2022	2023	2024 (projected)
Gross Profit	35.2M	1.9M	1.3M	1.2M
Total Revenue	35.3M	2.0M	1.4M	1.3M

Gross Profit Total Revenue

Globex Mining fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Retained Earnings	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Other Current Liab	Net Debt	Accounts Payable	Cash	Other Current Assets	Common Stock Total Equity	Common Stock	Other Liab	Net Tangible Assets	Other Assets
Total Assets		0.23	0.99	0.11	0.42	0.42	0.42	0.76	0.64	0.42	0.77	-0.04	0.1	0.12	0.42	0.81	0.56	-0.3	-0.01	0.32	0.54	0.56	0.48	-0.08	0.83	0.3
Total Current Liabilities	0.23		0.15	0.22	0.5	0.19	0.2	0.08	-0.06	-0.42	-0.07	0.19	0.25	0.5	0.22	0.12	0.3	-0.51	0.59	0.51	0.54	-0.36	-0.41	0.48	0.25	0.59
Total Stockholder Equity	0.99	0.15		-0.01	0.43	0.3	0.3	0.84	0.66	0.5	0.85	-0.19	-0.03	-0.05	0.32	0.87	0.49	-0.31	-0.12	0.33	0.46	0.6	0.56	-0.18	0.86	0.29
Property Plant And Equipment Net	0.11	0.22	-0.01		0.14	0.93	0.91	-0.53	-0.14	-0.6	-0.47	0.81	0.75	0.74	0.93	-0.48	0.06	0.41	0.56	-0.42	0.24	-0.37	-0.52	0.54	-0.2	-0.28
Retained Earnings	0.42	0.5	0.43	0.14		0.14	0.12	0.35	0.29	-0.37	0.39	-0.17	0.07	-0.07	0.31	0.36	-0.31	-0.05	0.37	0.05	0.17	-0.3	-0.27	0.45	0.66	0.09
Non Current Assets Total	0.42	0.19	0.3	0.93	0.14		0.99	-0.26	0.05	-0.34	-0.21	0.78	0.73	0.75	0.96	-0.2	0.29	0.29	0.42	-0.3	0.41	-0.09	-0.26	0.43	0.04	-0.17
Non Currrent Assets Other	0.42	0.2	0.3	0.91	0.12	0.99		-0.25	0.02	-0.32	-0.21	0.78	0.73	0.76	0.93	-0.19	0.34	0.24	0.39	-0.25	0.44	-0.06	-0.24	0.41	0.04	-0.12
Cash And Short Term Investments	0.76	0.08	0.84	-0.53	0.35	-0.26	-0.25		0.61	0.68	0.96	-0.61	-0.43	-0.43	-0.22	0.99	0.37	-0.54	-0.36	0.56	0.21	0.64	0.69	-0.4	0.84	0.44
Net Receivables	0.64	-0.06	0.66	-0.14	0.29	0.05	0.02	0.61		0.35	0.75	-0.13	0.01	-0.11	0.14	0.66	0.07	0.17	0.21	-0.15	0.37	0.57	0.5	0.0	0.73	-0.28
Common Stock Shares Outstanding	0.42	-0.42	0.5	-0.6	-0.37	-0.34	-0.32	0.68	0.35		0.66	-0.56	-0.57	-0.51	-0.4	0.67	0.46	-0.36	-0.72	0.37	0.06	0.85	0.92	-0.85	0.29	0.28
Short Term Investments	0.77	-0.07	0.85	-0.47	0.39	-0.21	-0.21	0.96	0.75	0.66		-0.58	-0.4	-0.48	-0.14	0.96	0.21	-0.29	-0.31	0.31	0.18	0.66	0.71	-0.36	0.87	0.19
Non Current Liabilities Total	-0.04	0.19	-0.19	0.81	-0.17	0.78	0.78	-0.61	-0.13	-0.56	-0.58		0.86	0.93	0.67	-0.55	0.17	0.35	0.6	-0.36	0.29	-0.26	-0.49	0.66	-0.29	-0.3
Other Stockholder Equity	0.1	0.25	-0.03	0.75	0.07	0.73	0.73	-0.43	0.01	-0.57	-0.4	0.86		0.81	0.67	-0.37	0.13	0.28	0.56	-0.29	0.31	-0.28	-0.49	0.76	0.01	-0.25
Total Liab	0.12	0.5	-0.05	0.74	-0.07	0.75	0.76	-0.43	-0.11	-0.51	-0.48	0.93	0.81		0.64	-0.36	0.4	0.04	0.66	-0.06	0.5	-0.23	-0.46	0.64	-0.16	0.02
Property Plant And Equipment Gross	0.42	0.22	0.32	0.93	0.31	0.96	0.93	-0.22	0.14	-0.4	-0.14	0.67	0.67	0.64		-0.16	0.14	0.35	0.51	-0.36	0.33	-0.18	-0.33	0.46	0.12	-0.23
Total Current Assets	0.81	0.12	0.87	-0.48	0.36	-0.2	-0.19	0.99	0.66	0.67	0.96	-0.55	-0.37	-0.36	-0.16		0.41	-0.51	-0.29	0.53	0.31	0.65	0.69	-0.36	0.87	0.42
Other Current Liab	0.56	0.3	0.49	0.06	-0.31	0.29	0.34	0.37	0.07	0.46	0.21	0.17	0.13	0.4	0.14	0.41		-0.65	-0.17	0.65	0.51	0.5	0.4	-0.28	0.19	0.65
Net Debt	-0.3	-0.51	-0.31	0.41	-0.05	0.29	0.24	-0.54	0.17	-0.36	-0.29	0.35	0.28	0.04	0.35	-0.51	-0.65		0.29	-1.0	-0.15	-0.18	-0.23	0.28	-0.28	-0.94
Accounts Payable	-0.01	0.59	-0.12	0.56	0.37	0.42	0.39	-0.36	0.21	-0.72	-0.31	0.6	0.56	0.66	0.51	-0.29	-0.17	0.29		-0.3	0.37	-0.46	-0.61	0.78	0.02	-0.28
Cash	0.32	0.51	0.33	-0.42	0.05	-0.3	-0.25	0.56	-0.15	0.37	0.31	-0.36	-0.29	-0.06	-0.36	0.53	0.65	-1.0	-0.3		0.16	0.2	0.25	-0.29	0.3	0.94
Other Current Assets	0.54	0.54	0.46	0.24	0.17	0.41	0.44	0.21	0.37	0.06	0.18	0.29	0.31	0.5	0.33	0.31	0.51	-0.15	0.37	0.16		0.23	0.13	0.14	0.36	0.28
Common Stock Total Equity	0.56	-0.36	0.6	-0.37	-0.3	-0.09	-0.06	0.64	0.57	0.85	0.66	-0.26	-0.28	-0.23	-0.18	0.65	0.5	-0.18	-0.46	0.2	0.23		0.96	-0.58	0.4	0.09
Common Stock	0.48	-0.41	0.56	-0.52	-0.27	-0.26	-0.24	0.69	0.5	0.92	0.71	-0.49	-0.49	-0.46	-0.33	0.69	0.4	-0.23	-0.61	0.25	0.13	0.96		-0.74	0.37	0.15
Other Liab	-0.08	0.48	-0.18	0.54	0.45	0.43	0.41	-0.4	0.0	-0.85	-0.36	0.66	0.76	0.64	0.46	-0.36	-0.28	0.28	0.78	-0.29	0.14	-0.58	-0.74		0.09	-0.26
Net Tangible Assets	0.83	0.25	0.86	-0.2	0.66	0.04	0.04	0.84	0.73	0.29	0.87	-0.29	0.01	-0.16	0.12	0.87	0.19	-0.28	0.02	0.3	0.36	0.4	0.37	0.09		0.21
Other Assets	0.3	0.59	0.29	-0.28	0.09	-0.17	-0.12	0.44	-0.28	0.28	0.19	-0.3	-0.25	0.02	-0.23	0.42	0.65	-0.94	-0.28	0.94	0.28	0.09	0.15	-0.26	0.21

Click cells to compare fundamentals

Globex Mining Account Relationship Matchups

Globex Mining fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	5.8M	12.0M	37.5M	31.3M	35.9M	37.7M
Total Current Liabilities	130.2K	185.8K	2.6M	209.8K	241.3K	229.2K
Total Stockholder Equity	4.6M	10.9M	34.9M	31.0M	35.7M	37.5M
Property Plant And Equipment Net	399.5K	389.7K	847.8K	929.8K	836.9K	795.0K
Retained Earnings	(56.2M)	(50.2M)	(26.5M)	(30.6M)	(27.6M)	(28.9M)
Non Current Assets Total	1.2M	1.2M	7.7M	6.5M	7.5M	8.6M
Non Currrent Assets Other	781.8K	821.6K	6.8M	5.5M	6.3M	4.9M
Cash And Short Term Investments	3.0M	10.5M	26.7M	21.6M	24.9M	26.1M
Net Receivables	277.0K	221.6K	132.6K	1.1M	1.3M	1.4M
Common Stock Shares Outstanding	52.9M	55.3M	56.8M	55.5M	63.9M	67.1M
Short Term Investments	1.4M	5.7M	14.6M	20.1M	23.1M	24.3M
Liabilities And Stockholders Equity	5.8M	12.0M	37.5M	31.3M	35.9M	37.7M
Non Current Liabilities Total	1.0M	964.3K	109.3K	154.6K	139.1K	132.2K
Other Stockholder Equity	4.9M	5.0M	4.9M	5.0M	4.5M	4.2M
Total Liab	1.2M	1.2M	2.6M	209.8K	241.3K	229.2K
Property Plant And Equipment Gross	399.5K	389.7K	1.6M	1.7M	1.6M	2.7M
Total Current Assets	4.6M	10.8M	29.8M	24.7M	28.5M	29.9M
Other Current Liab	32.1K	39.3K	2.5M	55.2K	63.5K	62.0K
Net Debt	(1.6M)	(4.7M)	(12.1M)	(1.5M)	(1.4M)	(1.4M)
Accounts Payable	98.0K	146.5K	109.3K	154.6K	139.1K	273.2K
Cash	1.6M	4.8M	12.1M	1.5M	1.8M	1.6M
Accumulated Other Comprehensive Income	(674.5K)	(701.6K)	(674.9K)	(708.3K)	(637.4K)	(605.6K)
Other Current Assets	1.2M	0.0	3.0M	1.9M	2.2M	1.1M
Common Stock Total Equity	55.9M	55.7M	55.9M	56.1M	64.5M	59.3M
Common Stock	55.9M	56.1M	56.5M	56.7M	65.2M	59.4M
Other Liab	973.5K	862.0K	1.0M	913.2K	821.9K	1.1M
Net Tangible Assets	4.6M	4.6M	10.9M	34.9M	40.1M	42.1M
Other Assets	781.8K	821.6K	6.7M	159.9K	183.8K	174.6K
Long Term Investments	8.5K	7.6K	5.6K	128.7K	115.8K	121.6K
Property Plant Equipment	399.5K	389.7K	1.0M	929.8K	836.9K	795.0K
Capital Surpluse	4.9M	5.0M	4.9M	5.0M	5.7M	5.3M
Net Invested Capital	4.6M	10.9M	34.9M	31.0M	35.7M	37.5M
Net Working Capital	4.5M	10.6M	27.2M	24.5M	28.2M	29.6M
Capital Stock	55.9M	56.1M	56.5M	56.7M	65.2M	61.8M

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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Globex Mining Enterprises. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.

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

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Globex Total Current Assets vs Total Current Liabilities Analysis

Total Current Assets vs Total Current Liabilities

Total Current Assets vs Total Current Liabilities Correlation Analysis

Correlation Coefficient

Total Current Assets

Total Current Liabilities

Globex Mining fundamental ratios Correlations

Globex Mining Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Globex Mining fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

Complementary Tools for Globex Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 0.99	Total Assets
Non Currrent Assets Other	+ 0.99	Non Current Assets Total
Total Current Assets	+ 0.99	Cash And Short Term Investments
Property Plant And Equipment Gross	+ 0.96	Non Current Assets Total
Short Term Investments	+ 0.96	Cash And Short Term Investments
Total Current Assets	+ 0.96	Short Term Investments

Cash	- 1.0	Net Debt
Other Assets	- 0.94	Net Debt
Other Liab	- 0.85	Common Stock Shares Outstanding
Other Liab	- 0.74	Common Stock
Accounts Payable	- 0.72	Common Stock Shares Outstanding
Net Debt	- 0.65	Other Current Liab