Labyrinth Net Income vs Capital Expenditures 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 Net Income and its Capital Expenditures 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.

Net Income vs Capital Expenditures

Net Income vs Capital Expenditures Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Labyrinth Resources Net Income account and Capital Expenditures. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Labyrinth Resources' Net Income and Capital Expenditures is -0.45. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Capital Expenditures 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' Net Income and Capital Expenditures is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of Labyrinth Resources Limited are associated (or correlated) with its Capital Expenditures. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Expenditures has no effect on the direction of Net Income i.e., Labyrinth Resources' Net Income and Capital Expenditures go up and down completely randomly.

Correlation Coefficient

-0.45
Relationship DirectionNegative 
Relationship StrengthVery Weak

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Labyrinth Resources financial statement analysis. It represents the amount of money remaining after all of Labyrinth Resources Limited operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Capital Expenditures

Capital Expenditures are funds used by Labyrinth Resources to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Labyrinth Resources operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.
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

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