American Cash vs Total Current Liabilities Analysis
| LI Stock | CAD 0.96 0.01 1.05% |
American Lithium financial indicator trend analysis is way more than just evaluating American Lithium Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether American Lithium Corp is a good investment. Please check the relationship between American Lithium Cash and its Total Current Liabilities accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in American Lithium 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.
Cash vs Total Current Liabilities
Cash vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of American Lithium Corp Cash account and Total Current Liabilities. At this time, the significance of the direction appears to have weak relationship.
The correlation between American Lithium's Cash and Total Current Liabilities is 0.39. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of American Lithium Corp, assuming nothing else is changed. The correlation between historical values of American Lithium's Cash and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of American Lithium Corp are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Cash i.e., American Lithium's Cash and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | 0.39 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Cash
Cash refers to the most liquid asset of American Lithium Corp, which is listed under current asset account on American Lithium Corp balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from American Lithium customers. The amounts must be unrestricted with restricted cash listed in a different American Lithium account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.Total Current Liabilities
Total Current Liabilities is an item on American Lithium balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of American Lithium Corp are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Most indicators from American Lithium's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into American Lithium 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 American Lithium 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 21.4 M in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 1.8 M in 2024.
American Lithium fundamental ratios Correlations
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American Lithium Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Additional Tools for American Stock Analysis
When running American Lithium's price analysis, check to measure American Lithium'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 American Lithium is operating at the current time. Most of American Lithium's value examination focuses on studying past and present price action to predict the probability of American Lithium's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move American Lithium's price. Additionally, you may evaluate how the addition of American Lithium to your portfolios can decrease your overall portfolio volatility.