Labyrinth Intangible Assets vs Total Current Liabilities Analysis

LRL Stock   0.24  0.01  4.00%   
Labyrinth Resources financial indicator trend analysis is infinitely more than just investigating Labyrinth Resources recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Labyrinth Resources is a good investment. Please check the relationship between Labyrinth Resources Intangible Assets and its Total Current Liabilities accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Labyrinth Resources Limited. 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 Total Current Liabilities

Intangible Assets vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Labyrinth Resources Intangible Assets account and Total Current Liabilities. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Labyrinth Resources' Intangible Assets and Total Current Liabilities is -0.27. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Labyrinth Resources Limited, assuming nothing else is changed. The correlation between historical values of Labyrinth Resources' Intangible Assets 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 Intangible Assets of Labyrinth Resources Limited 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 Intangible Assets i.e., Labyrinth Resources' Intangible Assets and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

-0.27
Relationship DirectionNegative 
Relationship StrengthInsignificant

Intangible Assets

Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.

Total Current Liabilities

Total Current Liabilities is an item on Labyrinth Resources balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Labyrinth Resources Limited 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 Labyrinth Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Labyrinth Resources 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 Labyrinth Resources Limited. 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.
Issuance Of Capital Stock is likely to gain to about 2.6 M in 2024, whereas Selling General Administrative is likely to drop slightly above 624.5 K in 2024.

Labyrinth Resources fundamental ratios Correlations

0.720.910.88-0.170.05-0.040.89-0.040.660.910.330.120.0-0.040.870.140.38-0.270.70.190.180.2-0.240.87-0.16
0.720.470.550.22-0.1-0.350.51-0.350.320.780.640.070.110.340.52-0.010.69-0.280.620.210.60.2-0.270.56-0.53
0.910.470.91-0.360.160.190.910.190.770.810.080.14-0.23-0.10.860.010.07-0.20.750.16-0.120.11-0.150.90.16
0.880.550.910.00.160.00.960.00.750.87-0.040.14-0.410.170.88-0.130.02-0.230.740.19-0.190.09-0.170.970.22
-0.170.22-0.360.0-0.01-0.69-0.01-0.69-0.130.07-0.23-0.05-0.340.75-0.06-0.04-0.060.0-0.060.02-0.07-0.1-0.010.030.04
0.05-0.10.160.16-0.01-0.210.11-0.210.160.04-0.23-0.89-0.43-0.080.12-0.2-0.180.910.12-0.89-0.2-0.960.940.220.18
-0.04-0.350.190.0-0.69-0.21-0.051.0-0.02-0.2-0.060.31-0.01-0.33-0.07-0.24-0.27-0.23-0.040.23-0.260.29-0.22-0.050.26
0.890.510.910.96-0.010.11-0.05-0.050.730.91-0.10.2-0.350.160.960.14-0.01-0.260.750.23-0.240.12-0.20.950.26
-0.04-0.350.190.0-0.69-0.211.0-0.05-0.02-0.2-0.060.31-0.01-0.33-0.07-0.24-0.27-0.23-0.040.23-0.260.29-0.22-0.050.26
0.660.320.770.75-0.130.16-0.020.73-0.020.64-0.10.11-0.290.060.7-0.09-0.1-0.140.670.12-0.260.04-0.090.720.28
0.910.780.810.870.070.04-0.20.91-0.20.640.170.18-0.180.30.930.180.27-0.270.840.250.060.15-0.230.880.01
0.330.640.08-0.04-0.23-0.23-0.06-0.1-0.06-0.10.170.00.67-0.29-0.09-0.040.94-0.160.00.110.960.26-0.2-0.02-0.9
0.120.070.140.14-0.05-0.890.310.20.310.110.180.00.170.120.160.18-0.04-0.920.090.98-0.090.92-0.930.080.18
0.00.11-0.23-0.41-0.34-0.43-0.01-0.35-0.01-0.29-0.180.670.17-0.52-0.260.380.65-0.2-0.380.170.70.37-0.24-0.43-0.67
-0.040.34-0.10.170.75-0.08-0.330.16-0.330.060.3-0.290.12-0.520.18-0.12-0.17-0.140.390.16-0.220.02-0.150.210.22
0.870.520.860.88-0.060.12-0.070.96-0.070.70.93-0.090.16-0.260.180.280.02-0.20.790.18-0.210.09-0.160.90.24
0.14-0.010.01-0.13-0.04-0.2-0.240.14-0.24-0.090.18-0.040.180.38-0.120.280.06-0.140.00.140.030.18-0.14-0.06-0.03
0.380.690.070.02-0.06-0.18-0.27-0.01-0.27-0.10.270.94-0.040.65-0.170.020.06-0.11-0.010.090.940.21-0.170.08-0.89
-0.27-0.28-0.2-0.230.00.91-0.23-0.26-0.23-0.14-0.27-0.16-0.92-0.2-0.14-0.2-0.14-0.11-0.19-0.93-0.08-0.970.99-0.150.06
0.70.620.750.74-0.060.12-0.040.75-0.040.670.840.00.09-0.380.390.790.0-0.01-0.190.13-0.110.03-0.120.730.16
0.190.210.160.190.02-0.890.230.230.230.120.250.110.980.170.160.180.140.09-0.930.130.030.92-0.940.140.08
0.180.6-0.12-0.19-0.07-0.2-0.26-0.24-0.26-0.260.060.96-0.090.7-0.22-0.210.030.94-0.08-0.110.030.17-0.12-0.17-0.95
0.20.20.110.09-0.1-0.960.290.120.290.040.150.260.920.370.020.090.180.21-0.970.030.920.17-0.990.03-0.15
-0.24-0.27-0.15-0.17-0.010.94-0.22-0.2-0.22-0.09-0.23-0.2-0.93-0.24-0.15-0.16-0.14-0.170.99-0.12-0.94-0.12-0.99-0.120.1
0.870.560.90.970.030.22-0.050.95-0.050.720.88-0.020.08-0.430.210.9-0.060.08-0.150.730.14-0.170.03-0.120.2
-0.16-0.530.160.220.040.180.260.260.260.280.01-0.90.18-0.670.220.24-0.03-0.890.060.160.08-0.95-0.150.10.2
Click cells to compare fundamentals

Labyrinth Resources Account Relationship Matchups

Labyrinth Resources fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets12.8M9.9M27.2M25.9M25.2M40.8M
Total Current Liabilities1.4M2.1M4.5M2.5M20.2M21.2M
Total Stockholder Equity11.4M7.7M10.9M6.7M5.0M4.8M
Property Plant And Equipment Net8.2M4.3M23.8M171.6K4.0M3.8M
Net Debt(1.3M)(4.6M)(2.4M)(418.2K)(287.1K)(301.4K)
Retained Earnings(284.3M)(288.3M)(295.3M)(301.4M)(304.7M)(289.5M)
Cash1.4M4.6M2.4M418.2K287.1K272.7K
Non Current Assets Total8.9M4.3M23.8M25.1M4.1M3.9M
Cash And Short Term Investments1.4M4.6M2.4M418.2K287.1K272.7K
Net Receivables2.3M(89.3K)780.7K242.5K15.7K14.9K
Liabilities And Stockholders Equity12.8M9.9M27.2M25.9M25.2M40.8M
Total Liab1.4M2.1M16.3M19.2M20.2M12.8M
Total Current Assets3.8M5.6M3.4M764.9K21.1M22.2M
Common Stock Shares Outstanding558.8M561.1M785.1M945.9M1.2B1.2B
Non Currrent Assets Other3.3M701.1K16.1K24.8M4.0M3.6M
Other Current Liab580.6K1.8M3.7M2.1M19.9M20.9M
Accounts Payable627.5K50.1K579.7K264.4K286.8K272.5K
Other Current Assets85.2K1.1M182.6K104.2K20.8M21.9M
Net Invested Capital11.5M7.7M10.9M6.7M5.0M7.2M
Net Working Capital2.5M3.5M(1.1M)(1.8M)935.7K669.7K

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 Labyrinth Stock Analysis

When running Labyrinth Resources' price analysis, check to measure Labyrinth Resources' 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 Labyrinth Resources is operating at the current time. Most of Labyrinth Resources' value examination focuses on studying past and present price action to predict the probability of Labyrinth Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Labyrinth Resources' price. Additionally, you may evaluate how the addition of Labyrinth Resources to your portfolios can decrease your overall portfolio volatility.