Globex Total Current Liabilities vs Property Plant And Equipment Net Analysis
GMX Stock | CAD 0.98 0.03 3.16% |
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 Liabilities and its Property Plant And Equipment Net 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 Liabilities vs Property Plant And Equipment Net
Total Current Liabilities vs Property Plant And Equipment Net Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Globex Mining Enterprises Total Current Liabilities account and Property Plant And Equipment Net. At this time, the significance of the direction appears to have very week relationship.
The correlation between Globex Mining's Total Current Liabilities and Property Plant And Equipment Net is 0.22. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Property Plant And Equipment Net 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 Liabilities and Property Plant And Equipment Net 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 Liabilities of Globex Mining Enterprises are associated (or correlated) with its Property Plant And Equipment Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Net has no effect on the direction of Total Current Liabilities i.e., Globex Mining's Total Current Liabilities and Property Plant And Equipment Net go up and down completely randomly.
Correlation Coefficient | 0.22 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
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.Property Plant And Equipment Net
The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.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 4th of June 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 |
Globex Mining fundamental ratios Correlations
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Globex Mining Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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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Balance Sheet is a snapshot of the financial position of Globex Mining Enterprises at a specified time, usually calculated after every quarter, six months, or one year. Globex Mining Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Globex Mining 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 Globex currently owns. An asset can also be divided into two categories, current and non-current.