Core Lithium financial indicator trend analysis is way more than just evaluating Core Lithium prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Core Lithium is a good investment. Please check the relationship between Core Lithium Depreciation And Amortization and its Income Tax Expense accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Core Lithium. 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.
Depreciation And Amortization vs Income Tax Expense
Depreciation And Amortization vs Income Tax Expense Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Core Lithium Depreciation And Amortization account and
Income Tax Expense. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Core Lithium's Depreciation And Amortization and Income Tax Expense is 0.95. Overlapping area represents the amount of variation of Depreciation And Amortization that can explain the historical movement of Income Tax Expense in the same time period over historical financial statements of Core Lithium, assuming nothing else is changed. The correlation between historical values of Core Lithium's Depreciation And Amortization and Income Tax Expense is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Depreciation And Amortization of Core Lithium are associated (or correlated) with its Income Tax Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Tax Expense has no effect on the direction of Depreciation And Amortization i.e., Core Lithium's Depreciation And Amortization and Income Tax Expense go up and down completely randomly.
Correlation Coefficient | 0.95 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Depreciation And Amortization
The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.
Income Tax Expense
Most indicators from Core Lithium's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Core Lithium 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
Trending Equities to better understand how to build diversified portfolios, which includes a position in Core Lithium. 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, Core Lithium's
Selling General Administrative is comparatively stable compared to the past year.
Tax Provision is likely to gain to about 5.1
M in 2024, whereas
Issuance Of Capital Stock is likely to drop slightly above 83.5
M in 2024.
Core Lithium fundamental ratios Correlations
Click cells to compare fundamentals
Core Lithium Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Core Lithium fundamental ratios Accounts
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Additional Tools for Core Stock Analysis
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