Labyrinth Inventory vs Cash And Short Term Investments 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 Inventory and its Cash And Short Term Investments 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.
Inventory vs Cash And Short Term Investments
Inventory vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Labyrinth Resources Inventory account and Cash And Short Term Investments. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Labyrinth Resources' Inventory and Cash And Short Term Investments is -0.05. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Cash And Short Term Investments 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' Inventory and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory of Labyrinth Resources Limited are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Inventory i.e., Labyrinth Resources' Inventory and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | -0.05 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Inventory
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Labyrinth Resources balance sheet. This account contains Labyrinth Resources investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Labyrinth Resources Limited fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.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
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Labyrinth Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Labyrinth Resources fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 12.8M | 9.9M | 27.2M | 25.9M | 25.2M | 40.8M | |
Total Current Liabilities | 1.4M | 2.1M | 4.5M | 2.5M | 20.2M | 21.2M | |
Total Stockholder Equity | 11.4M | 7.7M | 10.9M | 6.7M | 5.0M | 4.8M | |
Property Plant And Equipment Net | 8.2M | 4.3M | 23.8M | 171.6K | 4.0M | 3.8M | |
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) | |
Cash | 1.4M | 4.6M | 2.4M | 418.2K | 287.1K | 272.7K | |
Non Current Assets Total | 8.9M | 4.3M | 23.8M | 25.1M | 4.1M | 3.9M | |
Cash And Short Term Investments | 1.4M | 4.6M | 2.4M | 418.2K | 287.1K | 272.7K | |
Net Receivables | 2.3M | (89.3K) | 780.7K | 242.5K | 15.7K | 14.9K | |
Liabilities And Stockholders Equity | 12.8M | 9.9M | 27.2M | 25.9M | 25.2M | 40.8M | |
Total Liab | 1.4M | 2.1M | 16.3M | 19.2M | 20.2M | 12.8M | |
Total Current Assets | 3.8M | 5.6M | 3.4M | 764.9K | 21.1M | 22.2M | |
Common Stock Shares Outstanding | 558.8M | 561.1M | 785.1M | 945.9M | 1.2B | 1.2B | |
Non Currrent Assets Other | 3.3M | 701.1K | 16.1K | 24.8M | 4.0M | 3.6M | |
Other Current Liab | 580.6K | 1.8M | 3.7M | 2.1M | 19.9M | 20.9M | |
Accounts Payable | 627.5K | 50.1K | 579.7K | 264.4K | 286.8K | 272.5K | |
Other Current Assets | 85.2K | 1.1M | 182.6K | 104.2K | 20.8M | 21.9M | |
Net Invested Capital | 11.5M | 7.7M | 10.9M | 6.7M | 5.0M | 7.2M | |
Net Working Capital | 2.5M | 3.5M | (1.1M) | (1.8M) | 935.7K | 669.7K |
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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.