Eldorado Total Assets vs Total Current Assets Analysis
| EGO Stock | USD 16.66 0.48 2.97% |
Eldorado Gold financial indicator trend analysis is much more than just examining Eldorado Gold Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Eldorado Gold Corp is a good investment. Please check the relationship between Eldorado Gold Total Assets and its Total Current Assets accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eldorado Gold Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.
Total Assets vs Total Current Assets
Total Assets vs Total Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Eldorado Gold Corp Total Assets account and Total Current Assets. At this time, the significance of the direction appears to have strong relationship.
The correlation between Eldorado Gold's Total Assets and Total Current Assets is 0.7. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Eldorado Gold Corp, assuming nothing else is changed. The correlation between historical values of Eldorado Gold's Total Assets and Total Current Assets 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 Assets of Eldorado Gold Corp are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Total Assets i.e., Eldorado Gold's Total Assets and Total Current Assets go up and down completely randomly.
Correlation Coefficient | 0.7 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Total Assets
Total assets refers to the total amount of Eldorado Gold assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Eldorado Gold Corp books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.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.Most indicators from Eldorado Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Eldorado Gold Corp 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eldorado Gold Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. At this time, Eldorado Gold's Tax Provision is very stable compared to the past year. As of the 21st of November 2024, Issuance Of Capital Stock is likely to grow to about 175.5 M, while Selling General Administrative is likely to drop about 48.7 M.
Eldorado Gold fundamental ratios Correlations
Click cells to compare fundamentals
Eldorado Gold Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Eldorado Gold fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 4.6B | 4.9B | 4.9B | 4.5B | 5.0B | 3.0B | |
| Short Long Term Debt Total | 504.8M | 527.1M | 511.9M | 511.4M | 658.8M | 691.7M | |
| Total Current Liabilities | 221.7M | 262.0M | 206.7M | 210.9M | 274.2M | 287.9M | |
| Total Stockholder Equity | 3.4B | 3.6B | 3.6B | 3.2B | 3.5B | 2.2B | |
| Property Plant And Equipment Net | 4.1B | 4.0B | 4.0B | 3.6B | 3.7B | 2.4B | |
| Net Debt | 327.0M | 75.1M | 30.6M | 231.6M | 118.3M | 124.2M | |
| Retained Earnings | (2.2B) | (2.1B) | (2.2B) | (2.6B) | (2.5B) | (2.4B) | |
| Accounts Payable | 67.1M | 65.1M | 71.0M | 74.9M | 93.3M | 55.1M | |
| Cash | 177.7M | 452.0M | 481.3M | 279.7M | 540.5M | 567.5M | |
| Non Current Assets Total | 4.2B | 4.1B | 4.2B | 3.8B | 4.0B | 2.5B | |
| Non Currrent Assets Other | 32.3M | 41.7M | 4.2M | 60.5M | 93.0M | 97.7M | |
| Cash And Short Term Investments | 184.8M | 511.2M | 481.5M | 314.9M | 544.4M | 278.9M | |
| Net Receivables | 63.5M | 53.7M | 23.0M | 67.0M | 99.9M | 104.9M | |
| Common Stock Shares Outstanding | 161.5M | 175.2M | 180.3M | 183.4M | 195.3M | 98.9M | |
| Liabilities And Stockholders Equity | 4.6B | 4.9B | 4.9B | 4.5B | 5.0B | 3.0B | |
| Non Current Liabilities Total | 953.4M | 980.5M | 1.1B | 1.0B | 1.2B | 611.9M | |
| Inventory | 163.2M | 176.3M | 178.2M | 198.9M | 235.9M | 247.7M | |
| Other Current Assets | 24.3M | 43.1M | 45.6M | 85.0M | 100.7M | 105.7M | |
| Total Liab | 1.2B | 1.2B | 1.3B | 1.3B | 1.5B | 740.8M | |
| Total Current Assets | 435.9M | 766.2M | 728.2M | 632.5M | 930.4M | 976.9M | |
| Accumulated Other Comprehensive Income | (29.0M) | (30.3M) | (20.9M) | (42.3M) | (4.8M) | (5.0M) | |
| Other Stockholder Equity | 2.6B | 2.6B | 2.6B | 2.6B | 2.6B | 1.4B | |
| Short Term Debt | 76.6M | 78.0M | 7.2M | 4.8M | 5.0M | 4.8M | |
| Other Current Liab | 4.3M | 108.0M | 109.2M | 127.1M | 152.0M | 76.9M | |
| Other Assets | 32.3M | 41.7M | 46.8M | 19.6M | (4.8M) | (4.5M) | |
| Other Liab | 525.2M | 531.4M | 579.5M | 539.5M | 620.5M | 651.5M | |
| Long Term Debt | 413.1M | 434.5M | 489.8M | 494.4M | 641.7M | 381.8M | |
| Short Term Investments | 7.1M | 59.2M | 163K | 35.1M | 3.9M | 3.8M | |
| Property Plant And Equipment Gross | 4.1B | 4.0B | 7.2B | 7.0B | 7.4B | 7.8B | |
| Common Stock | 3.1B | 3.1B | 3.2B | 3.2B | 3.4B | 2.7B | |
| Property Plant Equipment | 4.1B | 4.0B | 4.0B | 3.6B | 4.1B | 2.9B | |
| Treasury Stock | (10.1M) | (8.7M) | (11.5M) | (10.3M) | (9.3M) | (9.7M) | |
| Net Tangible Assets | 3.3B | 3.5B | 3.5B | 3.1B | 2.8B | 2.9B | |
| Deferred Long Term Liab | 2.9M | 2.2M | 2.0M | 1.5M | 1.3M | 1.3M | |
| Long Term Debt Total | 428.2M | 449.1M | 504.7M | 506.6M | 455.9M | 426.6M |
Pair Trading with Eldorado Gold
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 Eldorado Gold 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 Eldorado Gold will appreciate offsetting losses from the drop in the long position's value.Moving together with Eldorado Stock
Moving against Eldorado Stock
The ability to find closely correlated positions to Eldorado Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eldorado Gold 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 Eldorado Gold - 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 Eldorado Gold Corp to buy it.
The correlation of Eldorado Gold 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 Eldorado Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eldorado Gold Corp 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 Eldorado Gold 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.Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eldorado Gold Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
Is Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Eldorado Gold. If investors know Eldorado will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Eldorado Gold listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 55.667 | Earnings Share 1.41 | Revenue Per Share 5.868 | Quarterly Revenue Growth 0.355 | Return On Assets 0.0386 |
The market value of Eldorado Gold Corp is measured differently than its book value, which is the value of Eldorado that is recorded on the company's balance sheet. Investors also form their own opinion of Eldorado Gold's value that differs from its market value or its book value, called intrinsic value, which is Eldorado Gold's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Eldorado Gold's market value can be influenced by many factors that don't directly affect Eldorado Gold's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Eldorado Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if Eldorado Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Eldorado Gold's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.