GRSL Capex To Depreciation vs Net Income Per Share Analysis

GRSL Stock

CAD 0.14 0.01 6.67%

GR Silver financial indicator trend analysis is much more than just examining GR Silver Mining latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether GR Silver Mining is a good investment. Please check the relationship between GR Silver Capex To Depreciation and its Net Income Per Share accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GR Silver Mining. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Capex To Depreciation vs Net Income Per Share

Capex To Depreciation vs Net Income Per Share Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of GR Silver Mining Capex To Depreciation account and Net Income Per Share. At this time, the significance of the direction appears to have almost no relationship.

The correlation between GR Silver's Capex To Depreciation and Net Income Per Share is 0.12. Overlapping area represents the amount of variation of Capex To Depreciation that can explain the historical movement of Net Income Per Share in the same time period over historical financial statements of GR Silver Mining, assuming nothing else is changed. The correlation between historical values of GR Silver's Capex To Depreciation and Net Income Per Share is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capex To Depreciation of GR Silver Mining are associated (or correlated) with its Net Income Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income Per Share has no effect on the direction of Capex To Depreciation i.e., GR Silver's Capex To Depreciation and Net Income Per Share go up and down completely randomly.

Correlation Coefficient

0.12

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Capex To Depreciation

The ratio of a company's capital expenditures to its depreciation expenses, indicating how much the company is investing in physical assets relative to the aging of existing assets.

Net Income Per Share

Most indicators from GR Silver's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into GR Silver Mining 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 GR Silver Mining. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Selling General Administrative is likely to climb to about 3.4 M in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 4.5 M in 2024.

	2021	2022	2023	2024 (projected)
Total Operating Expenses	18.3M	19.4M	16.0M	11.3M
Cost Of Revenue	404.6K	573.2K	489.7K	246.6K

Total Operating Expenses Cost Of Revenue

GR Silver fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Net Debt	Retained Earnings	Accounts Payable	Cash	Cash And Short Term Investments	Net Receivables	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Property Plant Equipment	Other Current Liab	Property Plant And Equipment Net	Non Currrent Assets Other	Other Assets	Common Stock Shares Outstanding	Deferred Long Term Liab	Net Invested Capital	Net Working Capital	Capital Stock	Inventory	Other Current Assets
Total Assets		0.72	0.21	0.84	-0.55	-0.69	0.71	0.5	0.57	-0.04	0.84	0.73	0.55	0.81	0.82	0.74	0.99	0.98	0.85	0.68	-0.69	0.18	-0.66	0.87	-0.2	0.83
Total Current Liabilities	0.72		-0.53	0.9	-0.14	-0.98	0.93	-0.01	0.27	-0.21	0.94	1.0	0.05	0.96	0.98	1.0	0.75	0.71	0.96	0.97	-0.61	-0.56	-0.99	0.91	-0.77	0.92
Total Stockholder Equity	0.21	-0.53		-0.23	-0.48	0.53	-0.44	0.63	0.33	0.25	-0.29	-0.51	0.61	-0.36	-0.37	-0.5	0.15	0.21	-0.31	-0.53	0.01	1.0	0.59	-0.23	0.82	-0.29
Net Tangible Assets	0.84	0.9	-0.23		-0.56	-0.93	0.94	0.42	0.66	-0.08	0.99	0.9	0.48	0.98	0.94	0.89	0.81	0.78	0.93	0.94	-0.81	-0.28	-0.84	0.94	-0.62	0.89
Net Debt	-0.55	-0.14	-0.48	-0.56		0.24	-0.4	-0.98	-0.98	-0.18	-0.46	-0.15	-0.99	-0.39	-0.28	-0.12	-0.41	-0.45	-0.32	-0.28	0.68	-0.45	0.02	-0.38	-0.04	-0.26
Retained Earnings	-0.69	-0.98	0.53	-0.93	0.24		-0.94	-0.08	-0.37	0.19	-0.96	-0.98	-0.14	-0.98	-0.96	-0.97	-0.71	-0.65	-0.94	-1.0	0.69	0.57	0.96	-0.92	0.77	-0.91
Accounts Payable	0.71	0.93	-0.44	0.94	-0.4	-0.94		0.24	0.53	-0.09	0.95	0.93	0.3	0.95	0.94	0.91	0.69	0.68	0.95	0.96	-0.69	-0.47	-0.89	0.88	-0.77	0.85
Cash	0.5	-0.01	0.63	0.42	-0.98	-0.08	0.24		0.93	0.21	0.33	0.0	1.0	0.25	0.14	-0.02	0.36	0.41	0.19	0.12	-0.59	0.6	0.13	0.27	0.21	0.15
Cash And Short Term Investments	0.57	0.27	0.33	0.66	-0.98	-0.37	0.53	0.93		0.14	0.57	0.28	0.94	0.51	0.39	0.25	0.44	0.48	0.43	0.42	-0.73	0.29	-0.15	0.45	-0.16	0.32
Net Receivables	-0.04	-0.21	0.25	-0.08	-0.18	0.19	-0.09	0.21	0.14		-0.16	-0.2	0.2	-0.14	-0.17	-0.22	-0.09	-0.07	-0.16	-0.18	0.07	0.24	0.24	-0.14	0.19	-0.16
Other Stockholder Equity	0.84	0.94	-0.29	0.99	-0.46	-0.96	0.95	0.33	0.57	-0.16		0.94	0.39	0.99	0.97	0.93	0.82	0.8	0.97	0.96	-0.8	-0.33	-0.89	0.95	-0.65	0.91
Total Liab	0.73	1.0	-0.51	0.9	-0.15	-0.98	0.93	0.0	0.28	-0.2	0.94		0.06	0.96	0.99	1.0	0.76	0.72	0.97	0.97	-0.61	-0.55	-0.99	0.92	-0.76	0.92
Total Current Assets	0.55	0.05	0.61	0.48	-0.99	-0.14	0.3	1.0	0.94	0.2	0.39	0.06		0.31	0.2	0.04	0.42	0.46	0.25	0.18	-0.63	0.57	0.07	0.33	0.18	0.21
Common Stock	0.81	0.96	-0.36	0.98	-0.39	-0.98	0.95	0.25	0.51	-0.14	0.99	0.96	0.31		0.98	0.96	0.8	0.77	0.97	0.98	-0.76	-0.4	-0.92	0.95	-0.69	0.92
Property Plant Equipment	0.82	0.98	-0.37	0.94	-0.28	-0.96	0.94	0.14	0.39	-0.17	0.97	0.99	0.2	0.98		0.98	0.84	0.81	0.99	0.96	-0.67	-0.41	-0.96	0.95	-0.68	0.94
Other Current Liab	0.74	1.0	-0.5	0.89	-0.12	-0.97	0.91	-0.02	0.25	-0.22	0.93	1.0	0.04	0.96	0.98		0.78	0.73	0.96	0.96	-0.6	-0.53	-0.99	0.92	-0.73	0.93
Property Plant And Equipment Net	0.99	0.75	0.15	0.81	-0.41	-0.71	0.69	0.36	0.44	-0.09	0.82	0.76	0.42	0.8	0.84	0.78		0.99	0.87	0.69	-0.62	0.11	-0.71	0.87	-0.22	0.85
Non Currrent Assets Other	0.98	0.71	0.21	0.78	-0.45	-0.65	0.68	0.41	0.48	-0.07	0.8	0.72	0.46	0.77	0.81	0.73	0.99		0.85	0.64	-0.61	0.17	-0.66	0.82	-0.2	0.79
Other Assets	0.85	0.96	-0.31	0.93	-0.32	-0.94	0.95	0.19	0.43	-0.16	0.97	0.97	0.25	0.97	0.99	0.96	0.87	0.85		0.93	-0.68	-0.35	-0.93	0.94	-0.64	0.93
Common Stock Shares Outstanding	0.68	0.97	-0.53	0.94	-0.28	-1.0	0.96	0.12	0.42	-0.18	0.96	0.97	0.18	0.98	0.96	0.96	0.69	0.64	0.93		-0.7	-0.57	-0.95	0.91	-0.81	0.89
Deferred Long Term Liab	-0.69	-0.61	0.01	-0.81	0.68	0.69	-0.69	-0.59	-0.73	0.07	-0.8	-0.61	-0.63	-0.76	-0.67	-0.6	-0.62	-0.61	-0.68	-0.7		0.06	0.54	-0.73	0.35	-0.65
Net Invested Capital	0.18	-0.56	1.0	-0.28	-0.45	0.57	-0.47	0.6	0.29	0.24	-0.33	-0.55	0.57	-0.4	-0.41	-0.53	0.11	0.17	-0.35	-0.57	0.06		0.62	-0.27	0.83	-0.32
Net Working Capital	-0.66	-0.99	0.59	-0.84	0.02	0.96	-0.89	0.13	-0.15	0.24	-0.89	-0.99	0.07	-0.92	-0.96	-0.99	-0.71	-0.66	-0.93	-0.95	0.54	0.62		-0.89	0.76	-0.91
Capital Stock	0.87	0.91	-0.23	0.94	-0.38	-0.92	0.88	0.27	0.45	-0.14	0.95	0.92	0.33	0.95	0.95	0.92	0.87	0.82	0.94	0.91	-0.73	-0.27	-0.89		-0.49	0.99
Inventory	-0.2	-0.77	0.82	-0.62	-0.04	0.77	-0.77	0.21	-0.16	0.19	-0.65	-0.76	0.18	-0.69	-0.68	-0.73	-0.22	-0.2	-0.64	-0.81	0.35	0.83	0.76	-0.49		-0.47
Other Current Assets	0.83	0.92	-0.29	0.89	-0.26	-0.91	0.85	0.15	0.32	-0.16	0.91	0.92	0.21	0.92	0.94	0.93	0.85	0.79	0.93	0.89	-0.65	-0.32	-0.91	0.99	-0.47

Click cells to compare fundamentals

GR Silver Account Relationship Matchups

GR Silver fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	3.7M	10.8M	28.4M	25.3M	10.7M	11.3M
Total Current Liabilities	372.7K	961.3K	14.5M	18.3M	24.0M	25.2M
Total Stockholder Equity	3.3M	9.7M	11.3M	4.6M	(16.2M)	(15.3M)
Net Tangible Assets	2.3M	3.3M	9.7M	11.3M	13.0M	13.6M
Net Debt	(2.0M)	(4.9M)	(3.1M)	(902.2K)	(812.0K)	(852.6K)
Retained Earnings	(11.4M)	(20.1M)	(38.3M)	(57.1M)	(82.7M)	(78.6M)
Accounts Payable	340.7K	844.3K	1.6M	848.4K	1.9M	2.0M
Cash	2.0M	4.9M	3.1M	902.2K	100.6K	95.5K
Non Current Assets Total	1.6M	5.8M	25.1M	24.0M	10.4M	9.5M
Cash And Short Term Investments	2.0M	4.9M	3.1M	902.2K	1.0M	2.0M
Net Receivables	18.2K	38.6K	25.5K	11.7K	10.5K	10.0K
Liabilities And Stockholders Equity	3.7M	10.8M	28.4M	25.3M	29.1M	30.5M
Other Stockholder Equity	1.0M	1.5M	2.5M	4.1M	4.7M	4.9M
Total Liab	372.7K	1.2M	17.2M	20.7M	26.9M	28.2M
Total Current Assets	2.1M	5.0M	3.4M	1.2M	322.3K	306.2K
Common Stock	13.2M	27.3M	45.5M	54.0M	62.1M	65.2M
Property Plant Equipment	992.3K	4.9M	21.6M	21.2M	24.4M	25.6M
Other Current Liab	32K	117.0K	12.9M	17.5M	20.1M	21.1M
Property Plant And Equipment Net	992.3K	4.9M	21.6M	21.2M	8.4M	9.1M
Non Currrent Assets Other	565.6K	940.5K	3.5M	2.8M	1.2M	1.6M
Other Assets	565.6K	940.5K	3.5M	2.8M	3.3M	3.4M
Common Stock Shares Outstanding	49.6M	102.9M	154.6M	195.7M	302.5M	317.6M
Net Invested Capital	3.3M	9.7M	11.3M	4.6M	(16.2M)	(15.3M)
Accumulated Other Comprehensive Income	1.5M	2.5M	4.1M	7.7M	8.8M	9.3M
Net Working Capital	1.7M	4.1M	(11.1M)	(17.1M)	(23.7M)	(22.5M)
Capital Stock	13.2M	27.3M	45.5M	54.0M	58.2M	38.0M

Pair Trading with GR Silver

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 GR Silver 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 GR Silver will appreciate offsetting losses from the drop in the long position's value.

Moving against GRSL Stock

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0.37	HD	HOME DEPOT CDR	Pair Corr
0.36	TSLA	Tesla Inc CDR	Pair Corr
0.32	NVDA	NVIDIA CDR	Pair Corr

The ability to find closely correlated positions to GR Silver could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace GR Silver 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 GR Silver - 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 GR Silver Mining to buy it.

The correlation of GR Silver 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 GR Silver moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if GR Silver Mining 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 GR Silver 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.

Pair Correlation Correlation Matching

Additional Tools for GRSL Stock Analysis

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

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