Labyrinth Total Current Assets vs Total Assets 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 Total Current Assets and its Total Assets 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.

Total Current Assets vs Total Assets

Total Current Assets vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Labyrinth Resources Total Current Assets account and Total Assets. At this time, the significance of the direction appears to have weak relationship.
The correlation between Labyrinth Resources' Total Current Assets and Total Assets is 0.33. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Total Assets 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' Total Current Assets and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Assets of Labyrinth Resources Limited are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Total Current Assets i.e., Labyrinth Resources' Total Current Assets and Total Assets go up and down completely randomly.

Correlation Coefficient

0.33
Relationship DirectionPositive 
Relationship StrengthVery Weak

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Total Assets

Total assets refers to the total amount of Labyrinth Resources assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Labyrinth Resources books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
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
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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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