Golden Goliath Resources Ltd. - GNG.V

GNG.V Returns vs S&P 500 ⓘ

ticker	1 day return %	1 week return %	1 month return %	3 months return %	6 months return %	1 year return %	3 years return %	5 years return %	10 years return %	maximum return %
GNG.V	-10	-10	-10	50	0	-35.7	-89.3	-83.9	-67.9	-98.4
S&P 500	0.4	-1.6	0.5	6.1	11.1	29.6	25.2	88.7	187.2	33264.7

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Returns Charts ⓘ

Interactive Price Chart

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Real-time Full Quote

Attribute	Value
symbol	GNG.V
name	Golden Goliath Resources Ltd.
price	0.04
changes percentage	-10
change	-0.01
day low	0.04
day high	0.04
year high	0.12
year low	0.03
market cap	1145165
price avg 50	0.04
price avg 200	0.05
exchange	TSXV
volume	12000
avg volume	11728
open	0.04
previous close	0.05
eps	-0.03
pe	-1.50
earnings announcement	2024-12-20T00:00:00.000+0000
shares outstanding	25448100
timestamp	2024-11-15 14:30:03

Financial Statements ⓘ

We derive the score of a company's financial statements by evaluating the weighted average sentiment across key within the statements. The cumulative score, normalized to a sum of 1, serves as a metric for assessing the company's performance during the specified period. A higher score indicates stronger performance. However, it's crucial to note that while this score provides valuable insights, it is just one of many factors to consider when making informed investment decisions. A holistic evaluation, considering various aspects of the company's financial health and market conditions, is essential for a well-rounded investment strategy.

Overall Annual Financial Health: 31.3%

Overall Quarterly Financial Health: 49.0%

Income Statements ⓘ

• Annual Income Statement

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0000000000
revenue	0	0	NaN
gross profit	0	0	NaN
gross profit ratio	0	0	NaN
research and development expenses	0	0	NaN
operating expenses	513731	543291	-5.44
interest income	12264	4095	199.49
interest expense	0	0	NaN
ebitda	-552604	-596586	7.37
ebitdaratio	0	0	NaN
operating income	-513730	-485901	-5.73
operating income ratio	0	0	NaN
net income	-552608	-596586	7.37
net income ratio	0	0	NaN
eps	-0.03	-0.03	10.92

Overall Score of Annual Income Statement

0.5 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Operating Expenses: Operating Expenses decreased to 1 million in 2023 from 1 million in 2022 representing a change of -5.44%. The decrease in operating expenses can be attributed to various factors such as improved profitability, cost optimization and financial stability, lower operating expenses can be positive indicators.

  Operating Income: Operating income increased to -1 million in 2023 from 0 million in 2022 representing a change of -5.73%. The increase in operating income indicates better operational performance and increased profitability.

• 📉 Negative Indicators

  EBITDA: EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) decreased to -1 million in 2023 from -1 million in 2022 representing a change of 7.37%. The decrease in EBITDA indicates declined operational efficiency and profitability.

  Net Income: Net income decreased to -1 million in 2023 from -1 million in 2022 representing a change of 7.37%. The decrease in net income shows worsen profitability and indicates that the company is generating less profit for each dollar of revenue.

• Quarterly Income Statement

Note: The years below are fiscal years in accounting.

	2024Q3	2024Q2	Q/Q change %
0000000000
revenue	0	0	NaN
gross profit	0	0	NaN
gross profit ratio	0	0	NaN
research and development expenses	0	0	NaN
operating expenses	96963	136300	-28.86
interest income	12	495	-97.58
interest expense	0	0	NaN
ebitda	-96960	-136300	28.86
ebitdaratio	0	0	NaN
operating income	-96963	-136300	28.86
operating income ratio	0	0	NaN
net income	-97667	-143889	32.12
net income ratio	0	0	NaN
eps	-0.0	-0.01	34.43

Overall Score of Quarterly Income Statement

0.8 out of 1

Detailed Analysis

• 📉 Negative Indicators

  Operating Expenses: Operating Expenses increased to 0 million in 2024Q3 from 0 million in 2024Q2 representing a change of -28.86%. The increase in operating expenses can be attributed to various factors such as marketing, administrative costs, and investments in infrastructure. It's important to monitor if these expenses are growing at a sustainable rate compared to revenue.

• 📈 Positive Indicators

  EBITDA: EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) increased to 0 million in 2024Q3 from 0 million in 2024Q2 representing a change of 28.86%. The increase in EBITDA indicates improved operational efficiency and profitability.

  Operating Income: Operating income increased to 0 million in 2024Q3 from 0 million in 2024Q2 representing a change of 28.86%. The increase in operating income indicates better operational performance and increased profitability.

  Net Income: Net income increased to 0 million in 2024Q3 from 0 million in 2024Q2 representing a change of 32.12%. The increase in net income shows improved profitability and indicates that the company is generating more profit for each dollar of revenue.

  Earnings per Share (EPS): EPS increased to -0.0 in 2024Q3 from -0.0 in 2024Q2 representing a change of 34.43%. This indicates that the company's earnings are increasing and it is becoming more profitable on a per-share basis.

Balance Sheets ⓘ

• Annual Balance Sheet

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0000000000
total assets	4164129	4380442	-4.94
total liabilities	355865	228000	56.08
total equity	3808264	4152442	-8.29
cash and cash equivalents	131703	137535	-4.24
short term investments	315143	857516	-63.25
long term investments	0	0	NaN
total current assets	458773	1060474	-56.74
total non current assets	3705356	3319968	11.61
total current liabilities	355865	228000	56.08
total non current liabilities	0	0	NaN
common stock	30665318	30458588	0.68
retained earnings	-30422338	-29869730	-1.85
total debt	0	0	NaN

Overall Score of Annual Balance Sheet

0.11 out of 1

Detailed Analysis

• 📉 Negative Indicators

  Total Assets: Total Assets decreased to 4 million in 2023 from 4 million in 2022 representing a change of -4.94%. Suggesting a decrease in asset holdings.

  Total Liabilities: Total Liabilities increased to 0 million in 2023 from 0 million in 2022 representing a change of 56.08%. This indicates an increase in overall liabilities.

  Total Equity: Total Equity decreased to 4 million in 2023 from 4 million in 2022 representing a change of -8.29%. This indicates a decrease in shareholders' equity.

  Cash And Cash Equivalents: Cash And Cash Equivalents decreased to 0 million in 2023 from 0 million in 2022 representing a change of -4.24%. This indicates a decrease in available liquid assets.

  Short Term Investments: Short Term Investments decreased to 0 million in 2023 from 1 million in 2022 representing a change of -63.25%. This indicates a decrease in short-term investment holdings.

  Total Current Assets: Total Current Assets decreased to 0 million in 2023 from 1 million in 2022 representing a change of -56.74%. This indicates a worsen liquidity position.

  Total Current Liabilities: Total Current Liabilities increased to 0 million in 2023 from 0 million in 2022 representing a change of 56.08%. This indicates a higher short-term debt burden.

  Retained Earnings: Retained Earnings decreased to -30 million in 2023 from -30 million in 2022 representing a change of -1.85%. This indicates an accumulated losses.

• 📈 Positive Indicators

  Common Stock: Common Stock increased to 31 in 2023 from 30 in 2022 representing a change of 0.68%. This indicates an increase in ownership interest.

• Quarterly Balance Sheet

Note: The years below are fiscal years in accounting.

	2024Q3	2024Q2	Q/Q change %
0000000000
total assets	3891306	3941408	-1.27
total liabilities	251083	203519	23.37
total equity	3640222	3737889	-2.61
cash and cash equivalents	5790	12742	-54.56
short term investments	0	0	NaN
long term investments	0	0	NaN
total current assets	48550	99164	-51.04
total non current assets	3842756	3842244	0.01
total current liabilities	251083	203519	23.37
total non current liabilities	0	0	NaN
common stock	30855318	30855318	0.00
retained earnings	-30780380	-30682713	-0.32
total debt	0	0	NaN

Overall Score of Quarterly Balance Sheet

0.0 out of 1

Detailed Analysis

• 📉 Negative Indicators

  Total Assets: Total Assets decreased to 4 million in 2024Q3 from 4 million in 2024Q2 representing a change of -1.27%. Suggesting a decrease in asset holdings.

  Total Liabilities: Total Liabilities increased to 0 million in 2024Q3 from 0 million in 2024Q2 representing a change of 23.37%. This indicates an increase in overall liabilities.

  Total Equity: Total Equity decreased to 4 million in 2024Q3 from 4 million in 2024Q2 representing a change of -2.61%. This indicates a decrease in shareholders' equity.

  Cash And Cash Equivalents: Cash And Cash Equivalents decreased to 0 million in 2024Q3 from 0 million in 2024Q2 representing a change of -54.56%. This indicates a decrease in available liquid assets.

  Total Current Assets: Total Current Assets decreased to 0 million in 2024Q3 from 0 million in 2024Q2 representing a change of -51.04%. This indicates a worsen liquidity position.

  Total Current Liabilities: Total Current Liabilities increased to 0 million in 2024Q3 from 0 million in 2024Q2 representing a change of 23.37%. This indicates a higher short-term debt burden.

  Retained Earnings: Retained Earnings decreased to -31 million in 2024Q3 from -31 million in 2024Q2 representing a change of -0.32%. This indicates an accumulated losses.

Cashflow Statements ⓘ

• Annual Cashflow Statement

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0000000000
net change in cash	-5832	62663	-109.31
operating cash flow	-281915	-268948	-4.82
free cash flow	-281915	-1001037	71.84
capital expenditure	-656104	-732089	10.38
depreciation and amortization	0	0	NaN
deferred income tax	0	0	NaN
stock based compensation	0	0	NaN
accounts payables	124353	-8601	1,545.80
inventory	0	0	NaN
acquisitions net	0	732089	-100.00
investments in property plant and equipment	-656104	-732089	10.38
net cash used for investing activites	88403	145661	-39.31
debt repayment	0	0	NaN
common stock issued	187680	185950	0.93
common stock repurchased	0	0	NaN
dividends paid	0	0	NaN
net cash used provided by financing activities	187680	185950	0.93
cash at end of period	131703	137535	-4.24
accounts receivables	19296	128990	-85.04
cash at beginning of period	137535	74872	83.69

Overall Score of Annual Cashflow Statement

0.33 out of 1

Detailed Analysis

• 📉 Negative Indicators

  Net Change in Cash: Net Change in Cash decreased to 0 million in 2023 from 0 million in 2022 representing a change of -109.31%. Indicating a declined ability to generate cash from the company's operations or its cash flow position.

  Operating Cash Flow: Operating Cash Flow decreased to 0 million in 2023 from 0 million in 2022 representing a change of -4.82%. This indicates that the company generated less cash from its core business operations.

  Capital Expenditure: Capital Expenditure increased to -1 million in 2023 from -1 million in 2022 representing a change of 10.38%. This indicates an increase in the cash outflow required for acquiring or improving long-term assets.

  Accounts Payables: The absolute value of Accounts Payables increased to 0 million in 2023 from 0 million in 2022 representing a change of 1545.8%. This indicates that the company has increased its outstanding obligations to its suppliers.

• 📈 Positive Indicators

  Free Cash Flow: Free Cash Flow increased to 0 million in 2023 from -1 million in 2022 representing a change of 71.84%. This indicates an increase in cash generated after accounting for capital expenditures.

  Accounts Receivables: Accounts Receivables decreased to 0 million in 2023 from 0 million in 2022 representing a change of -85.04%. This suggests that the company has been able to collect payments from its customers more efficiently and timely.

• Quarterly Cashflow Statement

Note: The years below are fiscal years in accounting.

	2024Q3	2024Q2	Q/Q change %
0000000000
operating cash flow	-6689	-142263	95.30
free cash flow	-6952	-205685	96.62
capital expenditure	-263	-63422	99.59
depreciation and amortization	0	0	NaN
deferred income tax	0	0	NaN
stock based compensation	0	0	NaN
accounts receivables	17510	-8346	309.80
accounts payables	12765	-37302	134.22
inventory	0	0	NaN
acquisitions net	0	0	NaN
investments in property plant and equipment	0	-63422	100.00
net cash used for investing activites	-263	101944	-100.26
debt repayment	0	0	NaN
common stock issued	0	0	NaN
common stock repurchased	0	0	NaN
dividends paid	0	0	NaN
net cash used provided by financing activities	0	0	NaN
net change in cash	-6952	-40319	82.76
cash at end of period	5790	12742	-54.56
cash at beginning of period	12742	53061	-75.99

Overall Score of Quarterly Cashflow Statement

0.67 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Net Change in Cash: Net Change in Cash increased to 0 million in 2024Q3 from 0 million in 2024Q2 representing a change of 82.76%. Indicating an increased ability to generate cash from the company's operations or its cash flow position.

  Operating Cash Flow: Operating Cash Flow increased to 0 million in 2024Q3 from 0 million in 2024Q2 representing a change of 95.3%. This indicates that the company generated more cash from its core business operations.

  Free Cash Flow: Free Cash Flow increased to 0 million in 2024Q3 from 0 million in 2024Q2 representing a change of 96.62%. This indicates an increase in cash generated after accounting for capital expenditures.

  Accounts Payables: The absolute value of Accounts Payables decreased to 0 million in 2024Q3 from 0 million in 2024Q2 representing a change of 134.22%. This indicates that the company has reduced its outstanding obligations to its suppliers.

• 📉 Negative Indicators

  Capital Expenditure: Capital Expenditure increased to 0 million in 2024Q3 from 0 million in 2024Q2 representing a change of 99.59%. This indicates an increase in the cash outflow required for acquiring or improving long-term assets.

  Accounts Receivables: Accounts Receivables increased to 0 in 2024Q3 from 0 million in 2024Q2 representing a change of 309.8%. This suggests that the company is less capable of collecting payments from its customers.

Earnings Transcripts ⓘ

No earnings transcripts available.

Earnings Per Share (EPS) ⓘ

Analyst Stock Recommendations ⓘ

Discover detailed analyst recommendations for stocks, including categories such as Buy, Hold, Sell, Strong Buy, and Strong Sell. These insights are based on thorough analysis of financial and market factors. The consensus is calculated by assigning a numerical score to each recommendation. These scores are then weighted and averaged over a specified period to provide a comprehensive view of the stock's outlook, with the final score determining the overall consensus.

Financial Ratios ⓘ

• Annual Financial Ratios

	2023-08-31	2022-08-31	Y/Y change %
FY
calendar year	2023	2022	NaN
revenue per share	0	0	NaN
net income per share	-0.03	-0.03	10.84
operating cash flow per share	-0.01	-0.01	-0.90
free cash flow per share	-0.01	-0.05	72.89
cash per share	0.02	0.05	-56.77
book value per share	0.17	0.2	-11.72
tangible book value per share	0.17	0.2	-11.72
shareholders equity per share	0.17	0.2	-11.72
interest debt per share	0	0	NaN
market cap	2400777.28	2941192.38	-18.37
enterprise value	2269074.28	2803657.38	-19.07
pe ratio	-4.34	-4.93	11.88
price to sales ratio	0	0	NaN
pocfratio	-8.52	-10.94	22.13
pfcf ratio	-8.52	-2.94	-189.84
pb ratio	0.63	0.71	-11.00
ptb ratio	0.63	0.71	-11.00
ev to sales	0	0	NaN
enterprise value over ebitda	-4.11	-4.7	12.63
ev to operating cash flow	-8.05	-10.42	22.79
ev to free cash flow	-8.05	-2.8	-187.38
earnings yield	-0.23	-0.2	-13.48
free cash flow yield	-0.12	-0.34	65.50
debt to equity	0	0	NaN
debt to assets	0	0	NaN
net debt to ebitda	0.24	0.23	3.38
current ratio	1.29	4.65	-72.28
interest coverage	0	0	NaN
income quality	0.51	0.45	13.16
dividend yield	0	0	NaN
payout ratio	0	0	NaN
sales general and administrative to revenue	0	0	NaN
research and ddevelopement to revenue	0	0	NaN
intangibles to total assets	0	0	NaN
capex to operating cash flow	-2.33	-2.72	14.50
capex to revenue	0	0	NaN
capex to depreciation	0	0	NaN
stock based compensation to revenue	0	0	NaN
graham number	0.32	0.36	-11.28
roic	-0.09	-0.08	-13.62
return on tangible assets	-0.13	-0.14	2.56
graham net net	0.0	0.04	-88.12
working capital	102908	832474	-87.64
tangible asset value	3808264	4152442	-8.29
net current asset value	102908	832474	-87.64
invested capital	3798783	4146140	-8.38
average receivables	19973.5	96338.5	-79.27
average payables	81375	138769	-41.36
average inventory	0	0	NaN
days sales outstanding	0	0	NaN
days payables outstanding	0	0	NaN
days of inventory on hand	0	0	NaN
receivables turnover	0	0	NaN
payables turnover	0	0	NaN
inventory turnover	0	0	NaN
roe	-0.15	-0.14	-1.00
capex per share	0.03	0.03	-13.73

• Negative

  ROE: Return on Equity (ROE) decreased to -0.15 on 2023-08-31 from -0.14 on 2022-08-31, representing a change of -1.00%. Suggesting that the company has not been generating high returns for its shareholders.

• Positive

  PE Ratio: Price-to-Earnings (P/E) Ratio increased to -4.34 on 2023-08-31 from -4.93 on 2022-08-31, representing a change of 11.88%. Indicating an increase in the relative valuation of the company's stock.

• Neutral

  Current Ratio: Current Ratio decreased to 1.29 on 2023-08-31 from 4.65 on 2022-08-31, representing a change of -72.28%. The current ratio has been declining, suggesting a decrease in the company's short-term liquidity. However, it is still above 1, indicating the ability to cover short-term obligations.

• Quarterly Financial Ratios

	2024-05-31 Q3	2024-02-29 Q2	Q/Q change %
GNG.V
calendar year	2024	2024	NaN
revenue per share	0	0	NaN
net income per share	-0.0	-0.01	34.73
operating cash flow per share	-0.0	-0.01	95.48
free cash flow per share	-0.0	-0.01	96.75
cash per share	0.0	0.0	-56.31
book value per share	0.15	0.16	-6.36
tangible book value per share	0.15	0.16	-6.36
shareholders equity per share	0.15	0.16	-6.36
interest debt per share	0	0	NaN
market cap	1346374.98	1176926.05	14.40
enterprise value	1340584.98	1164184.05	15.15
pe ratio	-3.45	-2.04	-68.54
price to sales ratio	0	0	NaN
pocfratio	-201.28	-8.27	-2,333.03
pfcf ratio	-193.67	-5.72	-3,284.62
pb ratio	0.37	0.31	17.47
ptb ratio	0.37	0.31	17.47
ev to sales	0	0	NaN
enterprise value over ebitda	-13.83	-8.54	-61.87
ev to operating cash flow	-200.42	-8.18	-2,349.08
ev to free cash flow	-192.83	-5.66	-3,306.95
earnings yield	-0.07	-0.12	40.67
free cash flow yield	-0.01	-0.17	97.05
debt to equity	0	0	NaN
debt to assets	0	0	NaN
net debt to ebitda	0.06	0.09	-36.12
current ratio	0.19	0.49	-60.32
interest coverage	0	0	NaN
income quality	0.07	0.99	-93.07
dividend yield	0	0	NaN
payout ratio	0	0	NaN
sales general and administrative to revenue	0	0	NaN
research and ddevelopement to revenue	0	0	NaN
intangibles to total assets	0	0	NaN
capex to operating cash flow	-0.04	-0.45	91.18
capex to revenue	0	0	NaN
capex to depreciation	0	0	NaN
stock based compensation to revenue	0	0	NaN
graham number	0.12	0.15	-21.82
roic	-0.03	-0.04	26.95
return on tangible assets	-0.03	-0.04	31.25
graham net net	-0.01	-0.01	-33.41
working capital	-202533	-104355	-94.08
tangible asset value	3640223	3737889	-2.61
net current asset value	-202533	-104355	-94.08
invested capital	3630112	3728027	-2.63
average receivables	12016.5	17491	-31.30
average payables	49082.5	61351	-20.00
average inventory	0	0	NaN
days sales outstanding	0	0	NaN
days payables outstanding	0	0	NaN
days of inventory on hand	0	0	NaN
receivables turnover	0	0	NaN
payables turnover	0	0	NaN
inventory turnover	0	0	NaN
roe	-0.03	-0.04	30.30
capex per share	0.0	0.0	-99.60

• Negative

  ROE: Return on Equity (ROE) increased to -0.03 on 2024-05-31 Q3 from -0.04 on 2024-02-29 Q2, representing a change of 30.30%. However, ROE is <= 5%, suggesting that the company has not been generating high returns for its shareholders.

  PE Ratio: Price-to-Earnings (P/E) Ratio decreased to -3.45 on 2024-05-31 Q3 from -2.04 on 2024-02-29 Q2, representing a change of -68.54%. Indicating a decrease in the relative valuation of the company's stock.

  Current Ratio: Current Ratio decreased to 0.19 on 2024-05-31 Q3 from 0.49 on 2024-02-29 Q2, representing a change of -60.32%. The current ratio has been declining, suggesting a decrease in the company's short-term liquidity. Also, it's below 1, indicating potential liquidity issues.

Growth Rates ⓘ

• Annual Growth

• Quarterly Growth

Intrinsic Value (Discounted Cash Flow) ⓘ

Negative Sentiment: Discounted Cash Flow value is 0.01 which is lower than current price 0.04, indicates the company may be overvalued.