Labrador Non Current Assets Total vs Capital Stock Analysis

LAB Stock

CAD 0.06 0.00 0.00%

Labrador Gold financial indicator trend analysis is infinitely more than just investigating Labrador Gold Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Labrador Gold Corp is a good investment. Please check the relationship between Labrador Gold Non Current Assets Total and its Capital Stock accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Labrador 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 board of governors.

Non Current Assets Total vs Capital Stock

Non Current Assets Total vs Capital Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Labrador Gold Corp Non Current Assets Total account and Capital Stock. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Labrador Gold's Non Current Assets Total and Capital Stock is 0.86. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Capital Stock in the same time period over historical financial statements of Labrador Gold Corp, assuming nothing else is changed. The correlation between historical values of Labrador Gold's Non Current Assets Total and Capital Stock 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 Assets Total of Labrador Gold Corp are associated (or correlated) with its Capital Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Stock has no effect on the direction of Non Current Assets Total i.e., Labrador Gold's Non Current Assets Total and Capital Stock go up and down completely randomly.

Correlation Coefficient

0.86

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

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.

Capital Stock

The total amount of a company's capital funded by shareholders through the issue and subscription of shares.

Most indicators from Labrador Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Labrador 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Labrador 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 board of governors.

Selling General Administrative is likely to climb to about 940.3 K in 2024, despite the fact that Tax Provision is likely to grow to (181.1 K).

Labrador Gold fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Retained Earnings	Cash	Non Current Assets Total	Net Receivables	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Property Plant Equipment	Common Stock Shares Outstanding	Net Invested Capital	Net Working Capital	Accounts Payable	Capital Stock	Property Plant And Equipment Net	Property Plant And Equipment Gross	Other Liab
Total Assets		0.99	0.87	1.0	1.0	-0.98	0.77	0.94	0.97	0.98	1.0	0.78	1.0	0.97	0.94	1.0	0.78	0.93	0.95	0.86	0.86	-0.61
Other Current Liab	0.99		0.89	0.99	0.99	-0.95	0.77	0.92	0.98	0.96	0.99	0.78	0.99	0.95	0.92	0.99	0.78	0.92	0.94	0.85	0.85	-0.6
Total Current Liabilities	0.87	0.89		0.87	0.87	-0.87	0.93	0.69	0.87	0.88	0.87	0.93	0.86	0.74	0.92	0.87	0.92	0.68	0.92	0.71	0.71	-0.27
Total Stockholder Equity	1.0	0.99	0.87		1.0	-0.98	0.77	0.94	0.97	0.99	1.0	0.78	1.0	0.97	0.94	1.0	0.78	0.92	0.95	0.86	0.86	-0.61
Net Tangible Assets	1.0	0.99	0.87	1.0		-0.98	0.77	0.94	0.97	0.98	1.0	0.78	1.0	0.97	0.94	1.0	0.78	0.93	0.95	0.86	0.86	-0.62
Retained Earnings	-0.98	-0.95	-0.87	-0.98	-0.98		-0.78	-0.9	-0.94	-0.98	-0.96	-0.79	-0.97	-0.94	-0.96	-0.98	-0.79	-0.87	-0.94	-0.84	-0.84	0.48
Cash	0.77	0.77	0.93	0.77	0.77	-0.78		0.51	0.76	0.8	0.76	1.0	0.76	0.6	0.8	0.77	1.0	0.53	0.8	0.47	0.47	-0.17
Non Current Assets Total	0.94	0.92	0.69	0.94	0.94	-0.9	0.51		0.91	0.9	0.94	0.52	0.95	0.99	0.85	0.94	0.53	0.97	0.86	0.92	0.92	-0.73
Net Receivables	0.97	0.98	0.87	0.97	0.97	-0.94	0.76	0.91		0.94	0.98	0.77	0.97	0.94	0.91	0.97	0.77	0.9	0.92	0.83	0.83	-0.57
Other Stockholder Equity	0.98	0.96	0.88	0.99	0.98	-0.98	0.8	0.9	0.94		0.97	0.81	0.98	0.93	0.95	0.98	0.81	0.86	0.93	0.81	0.81	-0.58
Total Liab	1.0	0.99	0.87	1.0	1.0	-0.96	0.76	0.94	0.98	0.97		0.77	1.0	0.97	0.93	1.0	0.77	0.94	0.95	0.87	0.87	-0.61
Total Current Assets	0.78	0.78	0.93	0.78	0.78	-0.79	1.0	0.52	0.77	0.81	0.77		0.76	0.61	0.81	0.78	1.0	0.54	0.81	0.49	0.49	-0.17
Common Stock	1.0	0.99	0.86	1.0	1.0	-0.97	0.76	0.95	0.97	0.98	1.0	0.76		0.97	0.94	1.0	0.77	0.93	0.94	0.86	0.86	-0.63
Property Plant Equipment	0.97	0.95	0.74	0.97	0.97	-0.94	0.6	0.99	0.94	0.93	0.97	0.61	0.97		0.9	0.96	0.61	0.97	0.9	0.91	0.91	-0.67
Common Stock Shares Outstanding	0.94	0.92	0.92	0.94	0.94	-0.96	0.8	0.85	0.91	0.95	0.93	0.81	0.94	0.9		0.94	0.8	0.82	0.98	0.87	0.87	-0.37
Net Invested Capital	1.0	0.99	0.87	1.0	1.0	-0.98	0.77	0.94	0.97	0.98	1.0	0.78	1.0	0.96	0.94		0.78	0.93	0.95	0.86	0.86	-0.61
Net Working Capital	0.78	0.78	0.92	0.78	0.78	-0.79	1.0	0.53	0.77	0.81	0.77	1.0	0.77	0.61	0.8	0.78		0.55	0.8	0.47	0.47	-0.19
Accounts Payable	0.93	0.92	0.68	0.92	0.93	-0.87	0.53	0.97	0.9	0.86	0.94	0.54	0.93	0.97	0.82	0.93	0.55		0.87	0.92	0.92	-0.7
Capital Stock	0.95	0.94	0.92	0.95	0.95	-0.94	0.8	0.86	0.92	0.93	0.95	0.81	0.94	0.9	0.98	0.95	0.8	0.87		0.91	0.91	-0.39
Property Plant And Equipment Net	0.86	0.85	0.71	0.86	0.86	-0.84	0.47	0.92	0.83	0.81	0.87	0.49	0.86	0.91	0.87	0.86	0.47	0.92	0.91		1.0	-0.48
Property Plant And Equipment Gross	0.86	0.85	0.71	0.86	0.86	-0.84	0.47	0.92	0.83	0.81	0.87	0.49	0.86	0.91	0.87	0.86	0.47	0.92	0.91	1.0		-0.48
Other Liab	-0.61	-0.6	-0.27	-0.61	-0.62	0.48	-0.17	-0.73	-0.57	-0.58	-0.61	-0.17	-0.63	-0.67	-0.37	-0.61	-0.19	-0.7	-0.39	-0.48	-0.48

Click cells to compare fundamentals

Labrador Gold Account Relationship Matchups

Labrador Gold fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	13.8M	46.4M	50.8M	50.5M	58.0M	60.9M
Other Current Liab	292.8K	198.3K	44.9K	1.1M	1.3M	1.4M
Total Current Liabilities	240.8K	1.6M	926.8K	999.3K	1.1M	598.5K
Total Stockholder Equity	13.6M	44.8M	48.9M	48.6M	55.9M	58.7M
Net Tangible Assets	6.6M	13.6M	44.8M	48.9M	56.3M	59.1M
Retained Earnings	(12.7M)	(15.5M)	(16.6M)	(17.4M)	(15.7M)	(16.5M)
Cash	6.3M	33.2M	21.4M	10.1M	11.6M	10.0M
Non Current Assets Total	7.4M	12.6M	28.8M	39.8M	45.8M	48.1M
Net Receivables	73.1K	456.1K	559.6K	482.3K	554.7K	582.4K
Other Stockholder Equity	1.1M	2.7M	4.7M	4.4M	5.1M	5.3M
Total Liab	240.8K	1.6M	1.9M	1.8M	2.1M	2.2M
Total Current Assets	6.5M	33.8M	22.0M	10.6M	12.2M	10.3M
Common Stock	16.2M	23.6M	55.5M	61.1M	70.3M	73.8M
Property Plant Equipment	6.4M	7.4M	12.6M	28.8M	33.2M	34.8M
Common Stock Shares Outstanding	93.4M	153.3M	169.2M	170.0M	195.5M	113.2M
Net Invested Capital	13.6M	44.8M	48.9M	48.6M	55.9M	58.7M
Net Working Capital	6.2M	32.2M	21.1M	9.6M	11.1M	11.1M
Accounts Payable	198.3K	194.4K	473.3K	924.2K	1.1M	1.1M
Capital Stock	23.6M	55.5M	61.1M	61.5M	70.7M	42.8M

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.

Explore Investing Ideas

Additional Tools for Labrador Stock Analysis

When running Labrador Gold's price analysis, check to measure Labrador Gold's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Labrador Gold is operating at the current time. Most of Labrador Gold's value examination focuses on studying past and present price action to predict the probability of Labrador Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Labrador Gold's price. Additionally, you may evaluate how the addition of Labrador Gold to your portfolios can decrease your overall portfolio volatility.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC