Lundin Property Plant And Equipment Gross vs Cash Analysis
LUG Stock | CAD 31.38 0.54 1.69% |
Lundin Gold financial indicator trend analysis is infinitely more than just investigating Lundin Gold recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Lundin Gold is a good investment. Please check the relationship between Lundin Gold Property Plant And Equipment Gross and its Cash accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lundin Gold. 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.
Property Plant And Equipment Gross vs Cash
Property Plant And Equipment Gross vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Lundin Gold Property Plant And Equipment Gross account and Cash. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Lundin Gold's Property Plant And Equipment Gross and Cash is 0.83. Overlapping area represents the amount of variation of Property Plant And Equipment Gross that can explain the historical movement of Cash in the same time period over historical financial statements of Lundin Gold, assuming nothing else is changed. The correlation between historical values of Lundin Gold's Property Plant And Equipment Gross and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant And Equipment Gross of Lundin Gold are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Property Plant And Equipment Gross i.e., Lundin Gold's Property Plant And Equipment Gross and Cash go up and down completely randomly.
Correlation Coefficient | 0.83 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Property Plant And Equipment Gross
Cash
Cash refers to the most liquid asset of Lundin Gold, which is listed under current asset account on Lundin Gold balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Lundin Gold customers. The amounts must be unrestricted with restricted cash listed in a different Lundin Gold 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.Most indicators from Lundin Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Lundin Gold 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 Lundin Gold. 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. At this time, Lundin Gold's Selling General Administrative is very stable compared to the past year. As of the 14th of December 2024, Enterprise Value Over EBITDA is likely to grow to 6.90, while Tax Provision is likely to drop about 63.7 M.
Lundin Gold fundamental ratios Correlations
Click cells to compare fundamentals
Lundin Gold Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Lundin Gold fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.4B | 1.5B | 1.7B | 1.7B | 1.5B | 1.5B | |
Other Current Liab | 33.5M | 39.6M | 54.4M | 59.4M | 121.8M | 127.9M | |
Total Current Liabilities | 116.4M | 232.4M | 311.0M | 440.5M | 187.0M | 196.4M | |
Total Stockholder Equity | 466.8M | 586.9M | 814.5M | 852.1M | 955.8M | 1.0B | |
Property Plant And Equipment Net | 1.2B | 1.1B | 1.0B | 964.8M | 878.9M | 922.9M | |
Net Debt | 802.9M | 749.7M | 450.3M | 276.1M | (51.4M) | (48.8M) | |
Retained Earnings | (355.0M) | (402.1M) | (180.7M) | (154.2M) | (69.6M) | (73.1M) | |
Accounts Payable | 25.3M | 14.2M | 13.6M | 14.3M | 16.8M | 17.6M | |
Cash | 75.7M | 79.6M | 262.6M | 363.4M | 268.0M | 281.4M | |
Non Current Assets Total | 1.3B | 1.2B | 1.2B | 1.0B | 934.3M | 981.0M | |
Other Assets | 94.1M | 113.1M | 114.7M | 16.5M | 19.0M | 18.0M | |
Cash And Short Term Investments | 75.7M | 79.6M | 262.6M | 363.4M | 268.0M | 281.4M | |
Common Stock Shares Outstanding | 221.2M | 227.5M | 234.6M | 236.7M | 239.2M | 251.1M | |
Liabilities And Stockholders Equity | 1.4B | 1.5B | 1.7B | 1.7B | 1.5B | 1.5B | |
Non Current Liabilities Total | 825.8M | 686.1M | 559.6M | 376.3M | 325.4M | 168.6M | |
Other Current Assets | 52.6M | 56.5M | 32.4M | 95.7M | 60.0M | 63.0M | |
Other Stockholder Equity | 9.5M | 12.1M | 14.1M | 1.0 | 14.5M | 12.4M | |
Total Liab | 942.1M | 918.5M | 870.6M | 816.8M | 512.4M | 538.0M | |
Property Plant And Equipment Gross | 1.2B | 1.1B | 1.2B | 1.2B | 1.2B | 1.3B | |
Total Current Assets | 149.2M | 289.0M | 528.2M | 635.3M | 533.9M | 560.6M | |
Accumulated Other Comprehensive Income | (92.2M) | 22.5M | 6.9M | 2.6M | 2.0M | 2.1M | |
Short Long Term Debt Total | 878.6M | 829.3M | 712.9M | 639.5M | 216.6M | 205.8M | |
Short Term Debt | 57.6M | 178.6M | 188.2M | 345.4M | 59.6M | 104.7M | |
Non Currrent Assets Other | 94.1M | 113.1M | 83.5M | 68.7M | 55.4M | 63.5M | |
Common Stock Total Equity | 460.9M | 857.3M | 899.9M | 951.7M | 1.1B | 561.0M | |
Common Stock | 899.9M | 951.7M | 974.7M | 989.8M | 1.0B | 693.3M | |
Net Tangible Assets | 466.8M | 586.9M | 814.5M | 852.1M | 979.9M | 1.0B | |
Other Liab | 4.8M | 7.6M | 7.8M | 53.7M | 61.7M | 64.8M | |
Property Plant Equipment | 1.2B | 1.1B | 1.0B | 964.8M | 1.1B | 748.4M | |
Long Term Debt Total | 821.0M | 650.7M | 524.7M | 298.3M | 343.0M | 452.1M | |
Cash And Equivalents | 167.5M | 75.7M | 79.6M | 262.6M | 302.0M | 317.1M | |
Long Term Debt | 821.0M | 678.5M | 528.3M | 298.3M | 216.6M | 357.1M | |
Net Invested Capital | 1.3B | 1.4B | 1.4B | 1.2B | 1.2B | 1.3B | |
Net Working Capital | 32.8M | 56.6M | 217.2M | 194.8M | 346.9M | 364.2M | |
Capital Stock | 899.9M | 951.7M | 974.7M | 989.8M | 1.0B | 1.0B |
Pair Trading with Lundin Gold
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Lundin Gold position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Lundin Gold will appreciate offsetting losses from the drop in the long position's value.Moving together with Lundin Stock
Moving against Lundin Stock
The ability to find closely correlated positions to Lundin Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Lundin Gold when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Lundin Gold - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Lundin Gold to buy it.
The correlation of Lundin Gold is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Lundin Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Lundin Gold moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Lundin Gold can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Lundin Stock
Balance Sheet is a snapshot of the financial position of Lundin Gold at a specified time, usually calculated after every quarter, six months, or one year. Lundin Gold Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Lundin Gold and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Lundin currently owns. An asset can also be divided into two categories, current and non-current.