Globex Total Stockholder Equity vs Non Current Assets Total Analysis
GMX Stock | CAD 1.04 0.05 5.05% |
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 Stockholder Equity and its Non Current Assets Total 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 Stockholder Equity vs Non Current Assets Total
Total Stockholder Equity vs Non Current Assets Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Globex Mining Enterprises Total Stockholder Equity account and Non Current Assets Total. At this time, the significance of the direction appears to have weak relationship.
The correlation between Globex Mining's Total Stockholder Equity and Non Current Assets Total is 0.3. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Non Current Assets Total 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 Stockholder Equity and Non Current Assets Total 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 Stockholder Equity of Globex Mining Enterprises are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Total Stockholder Equity i.e., Globex Mining's Total Stockholder Equity and Non Current Assets Total go up and down completely randomly.
Correlation Coefficient | 0.3 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.Non Current Assets Total
The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.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 |
Globex Mining fundamental ratios Correlations
Click cells to compare fundamentals
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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Try AI Portfolio ArchitectCheck 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 Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
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