Galaxy Book Value Per Share vs Average Payables Analysis

GLXY Stock

CAD 39.30 0.69 1.73%

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

Book Value Per Share vs Average Payables

Book Value Per Share vs Average Payables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Galaxy Digital Holdings Book Value Per Share account and Average Payables. At this time, the significance of the direction appears to have weak relationship.

The correlation between Galaxy Digital's Book Value Per Share and Average Payables is 0.39. Overlapping area represents the amount of variation of Book Value Per Share that can explain the historical movement of Average Payables in the same time period over historical financial statements of Galaxy Digital Holdings, assuming nothing else is changed. The correlation between historical values of Galaxy Digital's Book Value Per Share and Average Payables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Book Value Per Share of Galaxy Digital Holdings are associated (or correlated) with its Average Payables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Average Payables has no effect on the direction of Book Value Per Share i.e., Galaxy Digital's Book Value Per Share and Average Payables go up and down completely randomly.

Correlation Coefficient

0.39

Relationship Direction	Positive
Relationship Strength	Very Weak

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Book Value Per Share

The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.

Average Payables

The average amount owed to suppliers and creditors over a specific period, reflecting the company's payment cycle and credit terms with suppliers.

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

At this time, Galaxy Digital's Issuance Of Capital Stock is very stable compared to the past year. As of the 1st of August 2025, Enterprise Value is likely to grow to about 2.2 B, while Selling General Administrative is likely to drop about 1.6 M.

	2021	2022	2024	2025 (projected)
Reconciled Depreciation	4.3M	12.9M	14.8M	15.5M
Cost Of Revenue	134.1B	121.0B	139.1B	99.2B

Reconciled Depreciation Cost Of Revenue

Galaxy Digital fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Cash	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Total Current Assets	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Other Current Assets	Intangible Assets	Other Current Liab	Common Stock Total Equity	Common Stock	Capital Surpluse	Net Tangible Assets	Net Invested Capital	Net Working Capital
Total Assets		0.86	1.0	-0.15	0.84	0.41	0.05	0.26	0.35	0.64	0.94	-0.48	0.93	0.94	1.0	0.9	0.81	0.89	0.39	0.92	0.83	0.91	-0.63	0.77	1.0	-0.03
Total Current Liabilities	0.86		0.84	-0.04	0.56	0.73	0.14	0.48	0.68	0.75	0.9	-0.64	0.96	0.83	0.85	0.84	0.72	0.77	0.3	0.91	0.85	0.91	-0.41	0.86	0.84	0.08
Total Stockholder Equity	1.0	0.84		-0.14	0.85	0.37	0.05	0.24	0.32	0.63	0.93	-0.46	0.92	0.93	1.0	0.89	0.8	0.88	0.39	0.91	0.83	0.9	-0.64	0.76	1.0	-0.02
Net Debt	-0.15	-0.04	-0.14		-0.4	-0.11	0.63	0.32	0.08	0.31	0.05	-0.24	-0.23	-0.19	-0.15	-0.25	-0.21	-0.1	0.05	-0.22	0.27	0.11	0.02	-0.06	-0.14	0.99
Retained Earnings	0.84	0.56	0.85	-0.4		-0.02	-0.12	0.1	0.01	0.43	0.63	-0.32	0.69	0.69	0.85	0.64	0.53	0.6	0.26	0.7	0.44	0.54	-0.5	0.58	0.85	-0.31
Accounts Payable	0.41	0.73	0.37	-0.11	-0.02		0.06	0.38	0.67	0.41	0.59	-0.44	0.69	0.56	0.39	0.63	0.57	0.5	0.15	0.62	0.56	0.61	-0.15	0.55	0.37	-0.04
Cash	0.05	0.14	0.05	0.63	-0.12	0.06		0.79	0.12	0.67	0.12	-0.26	0.04	-0.01	0.05	-0.11	-0.14	-0.05	0.05	-0.02	0.33	0.22	0.01	0.27	0.05	0.64
Cash And Short Term Investments	0.26	0.48	0.24	0.32	0.1	0.38	0.79		0.24	0.89	0.29	-0.39	0.35	0.12	0.27	0.06	-0.1	-0.01	0.06	0.29	0.44	0.39	0.03	0.69	0.24	0.36
Net Receivables	0.35	0.68	0.32	0.08	0.01	0.67	0.12	0.24		0.37	0.45	-0.41	0.55	0.44	0.33	0.51	0.49	0.47	0.07	0.46	0.5	0.53	0.03	0.41	0.32	0.12
Common Stock Shares Outstanding	0.64	0.75	0.63	0.31	0.43	0.41	0.67	0.89	0.37		0.65	-0.54	0.65	0.48	0.65	0.41	0.25	0.38	0.23	0.61	0.75	0.73	-0.27	0.88	0.63	0.39
Non Current Liabilities Total	0.94	0.9	0.93	0.05	0.63	0.59	0.12	0.29	0.45	0.65		-0.63	0.93	0.95	0.93	0.93	0.86	0.92	0.4	0.91	0.89	0.95	-0.63	0.71	0.93	0.17
Other Stockholder Equity	-0.48	-0.64	-0.46	-0.24	-0.32	-0.44	-0.26	-0.39	-0.41	-0.54	-0.63		-0.58	-0.53	-0.47	-0.49	-0.44	-0.44	0.0	-0.54	-0.41	-0.47	0.3	-0.4	-0.46	-0.32
Total Liab	0.93	0.96	0.92	-0.23	0.69	0.69	0.04	0.35	0.55	0.65	0.93	-0.58		0.94	0.92	0.94	0.84	0.86	0.33	0.95	0.81	0.9	-0.52	0.81	0.92	-0.11
Total Current Assets	0.94	0.83	0.93	-0.19	0.69	0.56	-0.01	0.12	0.44	0.48	0.95	-0.53	0.94		0.92	0.99	0.96	0.97	0.38	0.9	0.79	0.88	-0.63	0.6	0.93	-0.07
Non Current Assets Total	1.0	0.85	1.0	-0.15	0.85	0.39	0.05	0.27	0.33	0.65	0.93	-0.47	0.92	0.92		0.88	0.79	0.87	0.38	0.91	0.83	0.9	-0.63	0.78	1.0	-0.03
Non Currrent Assets Other	0.9	0.84	0.89	-0.25	0.64	0.63	-0.11	0.06	0.51	0.41	0.93	-0.49	0.94	0.99	0.88		0.97	0.96	0.4	0.91	0.75	0.85	-0.6	0.58	0.89	-0.13
Other Assets	0.81	0.72	0.8	-0.21	0.53	0.57	-0.14	-0.1	0.49	0.25	0.86	-0.44	0.84	0.96	0.79	0.97		0.97	0.34	0.8	0.68	0.78	-0.59	0.39	0.8	-0.11
Other Current Assets	0.89	0.77	0.88	-0.1	0.6	0.5	-0.05	-0.01	0.47	0.38	0.92	-0.44	0.86	0.97	0.87	0.96	0.97		0.34	0.82	0.8	0.87	-0.61	0.49	0.88	0.01
Intangible Assets	0.39	0.3	0.39	0.05	0.26	0.15	0.05	0.06	0.07	0.23	0.4	0.0	0.33	0.38	0.38	0.4	0.34	0.34		0.49	0.38	0.39	-0.47	0.25	0.39	0.1
Other Current Liab	0.92	0.91	0.91	-0.22	0.7	0.62	-0.02	0.29	0.46	0.61	0.91	-0.54	0.95	0.9	0.91	0.91	0.8	0.82	0.49		0.79	0.88	-0.61	0.78	0.91	-0.1
Common Stock Total Equity	0.83	0.85	0.83	0.27	0.44	0.56	0.33	0.44	0.5	0.75	0.89	-0.41	0.81	0.79	0.83	0.75	0.68	0.8	0.38	0.79		0.98	-0.53	0.78	0.83	0.37
Common Stock	0.91	0.91	0.9	0.11	0.54	0.61	0.22	0.39	0.53	0.73	0.95	-0.47	0.9	0.88	0.9	0.85	0.78	0.87	0.39	0.88	0.98		-0.56	0.8	0.9	0.23
Capital Surpluse	-0.63	-0.41	-0.64	0.02	-0.5	-0.15	0.01	0.03	0.03	-0.27	-0.63	0.3	-0.52	-0.63	-0.63	-0.6	-0.59	-0.61	-0.47	-0.61	-0.53	-0.56		-0.29	-0.64	-0.07
Net Tangible Assets	0.77	0.86	0.76	-0.06	0.58	0.55	0.27	0.69	0.41	0.88	0.71	-0.4	0.81	0.6	0.78	0.58	0.39	0.49	0.25	0.78	0.78	0.8	-0.29		0.76	0.03
Net Invested Capital	1.0	0.84	1.0	-0.14	0.85	0.37	0.05	0.24	0.32	0.63	0.93	-0.46	0.92	0.93	1.0	0.89	0.8	0.88	0.39	0.91	0.83	0.9	-0.64	0.76		-0.02
Net Working Capital	-0.03	0.08	-0.02	0.99	-0.31	-0.04	0.64	0.36	0.12	0.39	0.17	-0.32	-0.11	-0.07	-0.03	-0.13	-0.11	0.01	0.1	-0.1	0.37	0.23	-0.07	0.03	-0.02

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Galaxy Digital Account Relationship Matchups

Galaxy Digital fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	267.8M	888.8M	394.3M	875.2M	1.1B	1.2B
Total Stockholder Equity	247.0M	786.3M	299.3M	781.0M	1.0B	1.1B
Retained Earnings	(70.1M)	332.0M	(190.7M)	264.1M	342.9M	360.1M
Cash	142.4M	26.8M	10.0M	833K	1.8M	1.7M
Common Stock Shares Outstanding	301.2M	349.3M	104.8M	127.0M	127.6M	134.0M
Liabilities And Stockholders Equity	267.8M	888.8M	394.3M	875.2M	1.0B	1.1B
Other Stockholder Equity	(67.1K)	(231.2K)	(749.4K)	(229.2K)	(206.3K)	(195.9K)
Total Liab	20.8M	102.5M	95.0M	94.2M	98.2M	103.1M
Total Current Assets	20.8M	47.3M	78.9M	89.2M	116.4M	122.2M
Non Current Assets Total	247.0M	841.5M	315.4M	786.0M	1.0B	1.1B
Accumulated Other Comprehensive Income	15.8M	36.9M	70.1M	94.8M	109.0M	114.4M
Common Stock	301.3M	417.4M	419.9M	422.2M	485.5M	509.8M
Net Tangible Assets	81.0M	247.0M	786.3M	299.3M	344.2M	254.4M
Net Invested Capital	247.0M	786.3M	299.3M	781.0M	1.0B	1.1B
Long Term Investments	247.0M	841.5M	257.8M	763.9M	1.0B	534.4M
Capital Stock	301.3M	417.4M	419.9M	422.2M	564.3M	409.0M

Pair Trading with Galaxy Digital

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 Galaxy Digital 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 Galaxy Digital will appreciate offsetting losses from the drop in the long position's value.

Moving together with Galaxy Stock

0.62

GOLDMAN SACHS CDR

Pair Corr

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

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

When determining whether Galaxy Digital Holdings offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Galaxy Digital's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Galaxy Digital Holdings Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Galaxy Digital Holdings Stock:

How To Invest In Galaxy

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Is Galaxy Stock a good investment?

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What is Galaxy Digital's Net Worth?

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

You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.

Please note, there is a significant difference between Galaxy Digital's value and its price as these two are different measures arrived at by different means. Investors typically determine if Galaxy Digital is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Galaxy Digital'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.

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Galaxy Book Value Per Share vs Average Payables Analysis

Book Value Per Share vs Average Payables

Book Value Per Share vs Average Payables Correlation Analysis

Correlation Coefficient

Book Value Per Share

Average Payables

Galaxy Digital fundamental ratios Correlations

Galaxy Digital Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Galaxy Digital fundamental ratios Accounts

Pair Trading with Galaxy Digital

Moving together with Galaxy Stock

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Total Stockholder Equity	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Net Invested Capital	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Stockholder Equity
Net Invested Capital	+ 1.0	Total Stockholder Equity
Net Invested Capital	+ 1.0	Non Current Assets Total

Net Invested Capital	- 0.64	Capital Surpluse
Capital Surpluse	- 0.64	Total Stockholder Equity
Other Stockholder Equity	- 0.64	Total Current Liabilities
Capital Surpluse	- 0.63	Non Current Assets Total
Capital Surpluse	- 0.63	Total Current Assets
Capital Surpluse	- 0.63	Non Current Liabilities Total