Granite Intangible Assets vs Non Current Assets Total Analysis
GRP-UN Stock | USD 53.50 0.50 0.94% |
Granite Real financial indicator trend analysis is much more than just examining Granite Real Estate latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Granite Real Estate is a good investment. Please check the relationship between Granite Real Intangible Assets 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 Granite Real Estate. 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.
Intangible Assets vs Non Current Assets Total
Intangible Assets vs Non Current Assets Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Granite Real Estate Intangible Assets account and Non Current Assets Total. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Granite Real's Intangible Assets and Non Current Assets Total is 0.92. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of Granite Real Estate, assuming nothing else is changed. The correlation between historical values of Granite Real's Intangible Assets 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 Intangible Assets of Granite Real Estate 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 Intangible Assets i.e., Granite Real's Intangible Assets and Non Current Assets Total go up and down completely randomly.
Correlation Coefficient | 0.92 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Intangible Assets
Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.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 Granite Real's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Granite Real Estate 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 Granite Real Estate. 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, Granite Real's Selling General Administrative is very stable compared to the past year. As of the 30th of October 2024, Sales General And Administrative To Revenue is likely to grow to 0.13, though Tax Provision is likely to grow to (9 M).
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 332.7M | 380.4M | 435.2M | 254.6M | Total Revenue | 393.5M | 455.6M | 521.3M | 422.4M |
Granite Real fundamental ratios Correlations
Click cells to compare fundamentals
Granite Real Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Granite Real fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 4.8B | 6.7B | 8.6B | 9.3B | 9.1B | 9.5B | |
Short Long Term Debt Total | 1.2B | 2.2B | 2.5B | 3.1B | 3.1B | 3.3B | |
Other Current Liab | 71.8M | 102.1M | 146.4M | 138.9M | 110.4M | 115.9M | |
Total Current Liabilities | 85.1M | 373.9M | 164.4M | 619.3M | 384.5M | 221.7M | |
Total Stockholder Equity | 3.1B | 3.9B | 5.3B | 5.5B | 5.3B | 5.5B | |
Property Plant And Equipment Net | 2.1M | 3.3M | 2.5M | 4.0M | 3.1M | 3.0M | |
Net Debt | 921.4M | 1.4B | 2.1B | 2.9B | 3.0B | 3.1B | |
Accounts Payable | 6.8M | 9.9M | 5.4M | 11.2M | 11.4M | 10.8M | |
Cash | 298.7M | 831.3M | 402.5M | 135.1M | 116.1M | 230.0M | |
Non Current Assets Total | 4.5B | 5.9B | 8.1B | 9.0B | 8.9B | 9.4B | |
Non Currrent Assets Other | 4.5B | 5.9B | 8.1B | 9.0B | 8.9B | 9.4B | |
Other Assets | 51.1M | 51.8M | 124.7M | 92.3M | 83.0M | 160.3M | |
Cash And Short Term Investments | 298.7M | 831.3M | 402.5M | 135.1M | 116.1M | 230.0M | |
Net Receivables | 19.8M | 7.7M | 12.2M | 82.7M | 12.8M | 12.1M | |
Common Stock Shares Outstanding | 49M | 61.7M | 64M | 65.3M | 63.4M | 54.9M | |
Liabilities And Stockholders Equity | 4.8B | 6.7B | 8.6B | 9.3B | 9.1B | 9.5B | |
Non Current Liabilities Total | 1.6B | 2.5B | 3.1B | 3.2B | 3.4B | 3.6B | |
Other Stockholder Equity | 95.8M | 54.7M | 53.3M | 11.6M | 5.3M | 5.0M | |
Total Liab | 1.7B | 2.8B | 3.2B | 3.8B | 3.8B | 4.0B | |
Property Plant And Equipment Gross | 951K | 771K | 4.4B | 3.3M | 3.0M | 2.8M | |
Total Current Assets | 321.8M | 845.8M | 486.5M | 273.6M | 151.7M | 144.1M | |
Current Deferred Revenue | 5.8M | 11.3M | 12.1M | 17.4M | 17.8M | 18.7M | |
Retained Earnings | 367.2M | 631.6M | 1.7B | 1.7B | 1.6B | 1.7B | |
Other Current Assets | 3.4M | 6.9M | 7.2M | 14.7M | 13.8M | 13.1M | |
Accumulated Other Comprehensive Income | 116.2M | 95.9M | 72.0M | 413.5M | 306.4M | 164.9M | |
Short Term Debt | 619K | 250.7M | 505K | 451.8M | 244.9M | 257.1M | |
Common Stock Total Equity | 2.1B | 2.1B | 2.6B | 3.1B | 3.6B | 2.3B | |
Common Stock | 2.6B | 3.1B | 3.4B | 3.3B | 3.3B | 2.6B | |
Other Liab | 321.0M | 392.8M | 604.7M | 557.4M | 641.0M | 389.1M | |
Net Tangible Assets | 3.1B | 3.9B | 5.3B | 5.5B | 6.3B | 3.5B | |
Long Term Debt | 1.2B | 1.9B | 2.4B | 2.6B | 2.8B | 1.7B | |
Capital Lease Obligations | 33.0M | 33.8M | 32.2M | 33.7M | 33.2M | 20.3M | |
Deferred Long Term Liab | 885K | 599K | 2.5M | 1.9M | 2.2M | 2.3M | |
Property Plant Equipment | 4.4B | 5.8B | 7.9B | 8.8B | 10.1B | 5.2B | |
Net Invested Capital | 4.3B | 6.1B | 7.7B | 8.5B | 8.3B | 6.5B | |
Net Working Capital | 236.8M | 478.7M | 329.0M | (345.7M) | (232.8M) | (221.2M) |
Pair Trading with Granite Real
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 Granite Real 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 Granite Real will appreciate offsetting losses from the drop in the long position's value.Moving against Granite Stock
The ability to find closely correlated positions to Granite Real could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Granite Real 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 Granite Real - 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 Granite Real Estate to buy it.
The correlation of Granite Real 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 Granite Real moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Granite Real Estate 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 Granite Real 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.Other Information on Investing in Granite Stock
Balance Sheet is a snapshot of the financial position of Granite Real Estate at a specified time, usually calculated after every quarter, six months, or one year. Granite Real Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Granite Real 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 Granite currently owns. An asset can also be divided into two categories, current and non-current.