Granite Non Current Liabilities Total vs Net Debt 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 Non Current Liabilities Total and its Net Debt 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.

Non Current Liabilities Total vs Net Debt

Non Current Liabilities Total vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Granite Real Estate Non Current Liabilities Total account and Net Debt. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Granite Real's Non Current Liabilities Total and Net Debt is 0.96. Overlapping area represents the amount of variation of Non Current Liabilities Total that can explain the historical movement of Net Debt 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 Non Current Liabilities Total and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Liabilities Total of Granite Real Estate are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Non Current Liabilities Total i.e., Granite Real's Non Current Liabilities Total and Net Debt go up and down completely randomly.

Correlation Coefficient

0.96

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Non Current Liabilities Total

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

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

Gross Profit Total Revenue

Granite Real fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Current Deferred Revenue	Retained Earnings	Inventory	Other Current Assets	Short Term Debt	Intangible Assets
Total Assets		0.99	0.77	0.77	1.0	-0.21	0.97	-0.14	0.34	1.0	0.95	0.06	0.34	0.3	0.89	0.99	-0.25	0.99	-0.07	0.31	0.58	0.98	0.49	-0.1	0.74	0.92
Short Long Term Debt Total	0.99		0.79	0.79	0.98	-0.29	0.98	-0.21	0.33	0.99	0.96	-0.02	0.33	0.25	0.89	0.99	-0.34	1.0	-0.13	0.28	0.53	0.95	0.42	-0.12	0.79	0.91
Other Current Liab	0.77	0.79		0.58	0.76	-0.75	0.76	-0.71	0.35	0.79	0.85	-0.55	0.35	-0.11	0.73	0.8	-0.78	0.8	-0.21	0.38	-0.04	0.69	0.17	0.09	0.55	0.68
Total Current Liabilities	0.77	0.79	0.58		0.75	-0.11	0.78	-0.03	0.18	0.76	0.71	0.04	0.18	0.58	0.84	0.74	-0.15	0.78	-0.19	0.22	0.55	0.72	0.51	-0.08	0.95	0.68
Total Stockholder Equity	1.0	0.98	0.76	0.75		-0.18	0.96	-0.11	0.32	0.99	0.94	0.09	0.32	0.32	0.89	0.99	-0.23	0.99	-0.03	0.3	0.59	0.99	0.51	-0.1	0.71	0.92
Property Plant And Equipment Net	-0.21	-0.29	-0.75	-0.11	-0.18		-0.26	1.0	-0.2	-0.25	-0.42	0.95	-0.2	0.52	-0.21	-0.29	1.0	-0.28	0.28	-0.19	0.62	-0.08	0.37	-0.1	-0.18	-0.17
Net Debt	0.97	0.98	0.76	0.78	0.96	-0.26		-0.18	0.13	0.98	0.94	0.0	0.13	0.31	0.86	0.96	-0.31	0.97	-0.14	0.1	0.58	0.94	0.34	-0.1	0.8	0.88
Accounts Payable	-0.14	-0.21	-0.71	-0.03	-0.11	1.0	-0.18		-0.19	-0.18	-0.36	0.97	-0.19	0.56	-0.14	-0.22	0.99	-0.2	0.27	-0.17	0.68	-0.01	0.4	-0.11	-0.1	-0.09
Cash	0.34	0.33	0.35	0.18	0.32	-0.2	0.13	-0.19		0.28	0.34	-0.11	1.0	-0.21	0.31	0.38	-0.19	0.36	0.01	0.9	-0.07	0.29	0.44	-0.13	0.12	0.33
Non Current Assets Total	1.0	0.99	0.79	0.76	0.99	-0.25	0.98	-0.18	0.28		0.96	0.02	0.28	0.29	0.89	0.99	-0.3	0.99	-0.08	0.24	0.56	0.97	0.44	-0.12	0.75	0.92
Non Currrent Assets Other	0.95	0.96	0.85	0.71	0.94	-0.42	0.94	-0.36	0.34	0.96		-0.17	0.34	0.16	0.85	0.96	-0.46	0.96	-0.1	0.23	0.4	0.9	0.33	-0.27	0.72	0.88
Other Assets	0.06	-0.02	-0.55	0.04	0.09	0.95	0.0	0.97	-0.11	0.02	-0.17		-0.11	0.59	0.01	-0.02	0.94	-0.01	0.26	-0.12	0.79	0.2	0.49	-0.13	-0.02	0.08
Cash And Short Term Investments	0.34	0.33	0.35	0.18	0.32	-0.2	0.13	-0.19	1.0	0.28	0.34	-0.11		-0.21	0.31	0.38	-0.19	0.36	0.01	0.9	-0.07	0.29	0.44	-0.13	0.12	0.33
Net Receivables	0.3	0.25	-0.11	0.58	0.32	0.52	0.31	0.56	-0.21	0.29	0.16	0.59	-0.21		0.35	0.21	0.5	0.25	0.21	-0.14	0.67	0.37	0.48	-0.18	0.51	0.28
Common Stock Shares Outstanding	0.89	0.89	0.73	0.84	0.89	-0.21	0.86	-0.14	0.31	0.89	0.85	0.01	0.31	0.35		0.88	-0.25	0.89	-0.17	0.31	0.52	0.87	0.67	-0.17	0.74	0.85
Non Current Liabilities Total	0.99	0.99	0.8	0.74	0.99	-0.29	0.96	-0.22	0.38	0.99	0.96	-0.02	0.38	0.21	0.88		-0.33	1.0	-0.1	0.33	0.51	0.97	0.43	-0.1	0.72	0.91
Other Stockholder Equity	-0.25	-0.34	-0.78	-0.15	-0.23	1.0	-0.31	0.99	-0.19	-0.3	-0.46	0.94	-0.19	0.5	-0.25	-0.33		-0.32	0.28	-0.17	0.58	-0.13	0.36	-0.09	-0.22	-0.21
Total Liab	0.99	1.0	0.8	0.78	0.99	-0.28	0.97	-0.2	0.36	0.99	0.96	-0.01	0.36	0.25	0.89	1.0	-0.32		-0.12	0.32	0.53	0.96	0.45	-0.1	0.77	0.91
Property Plant And Equipment Gross	-0.07	-0.13	-0.21	-0.19	-0.03	0.28	-0.14	0.27	0.01	-0.08	-0.1	0.26	0.01	0.21	-0.17	-0.1	0.28	-0.12		-0.02	0.05	0.0	-0.04	-0.12	-0.25	0.23
Total Current Assets	0.31	0.28	0.38	0.22	0.3	-0.19	0.1	-0.17	0.9	0.24	0.23	-0.12	0.9	-0.14	0.31	0.33	-0.17	0.32	-0.02		-0.12	0.29	0.46	0.27	0.1	0.25
Current Deferred Revenue	0.58	0.53	-0.04	0.55	0.59	0.62	0.58	0.68	-0.07	0.56	0.4	0.79	-0.07	0.67	0.52	0.51	0.58	0.53	0.05	-0.12		0.65	0.59	-0.25	0.53	0.55
Retained Earnings	0.98	0.95	0.69	0.72	0.99	-0.08	0.94	-0.01	0.29	0.97	0.9	0.2	0.29	0.37	0.87	0.97	-0.13	0.96	0.0	0.29	0.65		0.54	-0.08	0.67	0.9
Inventory	0.49	0.42	0.17	0.51	0.51	0.37	0.34	0.4	0.44	0.44	0.33	0.49	0.44	0.48	0.67	0.43	0.36	0.45	-0.04	0.46	0.59	0.54		-0.16	0.34	0.49
Other Current Assets	-0.1	-0.12	0.09	-0.08	-0.1	-0.1	-0.1	-0.11	-0.13	-0.12	-0.27	-0.13	-0.13	-0.18	-0.17	-0.1	-0.09	-0.1	-0.12	0.27	-0.25	-0.08	-0.16		-0.11	-0.21
Short Term Debt	0.74	0.79	0.55	0.95	0.71	-0.18	0.8	-0.1	0.12	0.75	0.72	-0.02	0.12	0.51	0.74	0.72	-0.22	0.77	-0.25	0.1	0.53	0.67	0.34	-0.11		0.65
Intangible Assets	0.92	0.91	0.68	0.68	0.92	-0.17	0.88	-0.09	0.33	0.92	0.88	0.08	0.33	0.28	0.85	0.91	-0.21	0.91	0.23	0.25	0.55	0.9	0.49	-0.21	0.65

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Granite Real Account Relationship Matchups

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

0.68

BHM

Bluerock Homes Trust

Pair Corr

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.

Pair Correlation Correlation Matching

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.

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Granite Non Current Liabilities Total vs Net Debt Analysis

Non Current Liabilities Total vs Net Debt

Non Current Liabilities Total vs Net Debt Correlation Analysis

Correlation Coefficient

Non Current Liabilities Total

Net Debt

Granite Real fundamental ratios Correlations

Granite Real Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Granite Real fundamental ratios Accounts

Pair Trading with Granite Real

Moving against Granite Stock

Other Information on Investing in Granite Stock

COMMON DESTINATIONS

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COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Total Liab	+ 1.0	Short Long Term Debt Total
Accounts Payable	+ 1.0	Property Plant And Equipment Net
Other Stockholder Equity	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash

Other Stockholder Equity	- 0.78	Other Current Liab
Property Plant And Equipment Net	- 0.75	Other Current Liab
Accounts Payable	- 0.71	Other Current Liab
Other Assets	- 0.55	Other Current Liab
Other Stockholder Equity	- 0.46	Non Currrent Assets Other
Non Currrent Assets Other	- 0.42	Property Plant And Equipment Net