Lithium Common Stock Shares Outstanding vs Accounts Payable Analysis

LAC Stock  CAD 5.07  0.04  0.78%   
Lithium Americas financial indicator trend analysis is infinitely more than just investigating Lithium Americas Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Lithium Americas Corp is a good investment. Please check the relationship between Lithium Americas Common Stock Shares Outstanding and its Accounts Payable accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lithium Americas Corp. 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.

Common Stock Shares Outstanding vs Accounts Payable

Common Stock Shares Outstanding vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Lithium Americas Corp Common Stock Shares Outstanding account and Accounts Payable. At this time, the significance of the direction appears to have very week relationship.
The correlation between Lithium Americas' Common Stock Shares Outstanding and Accounts Payable is 0.28. Overlapping area represents the amount of variation of Common Stock Shares Outstanding that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Lithium Americas Corp, assuming nothing else is changed. The correlation between historical values of Lithium Americas' Common Stock Shares Outstanding and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock Shares Outstanding of Lithium Americas Corp are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Common Stock Shares Outstanding i.e., Lithium Americas' Common Stock Shares Outstanding and Accounts Payable go up and down completely randomly.

Correlation Coefficient

0.28
Relationship DirectionPositive 
Relationship StrengthVery Weak

Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.

Accounts Payable

An accounting item on the balance sheet that represents Lithium Americas obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Lithium Americas Corp are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
Most indicators from Lithium Americas' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Lithium Americas Corp 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 Lithium Americas Corp. 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, Lithium Americas' Discontinued Operations is very stable compared to the past year. As of the 11th of December 2024, Sales General And Administrative To Revenue is likely to grow to 3.84, while Selling General Administrative is likely to drop about 15.5 K.

Lithium Americas fundamental ratios Correlations

0.980.71-0.820.950.810.860.760.90.23-0.260.7-0.480.580.830.930.30.840.620.540.940.830.780.610.960.62
0.980.78-0.890.960.740.90.810.80.32-0.220.77-0.520.460.790.870.370.730.550.550.90.710.810.740.970.74
0.710.78-0.730.850.490.740.70.420.6-0.180.87-0.150.380.310.420.40.330.060.570.470.310.610.870.730.9
-0.82-0.89-0.73-0.8-0.56-0.92-0.93-0.54-0.5-0.09-0.850.62-0.18-0.68-0.68-0.63-0.45-0.45-0.35-0.75-0.43-0.91-0.86-0.86-0.84
0.950.960.85-0.80.830.790.720.80.25-0.390.73-0.250.610.630.780.230.740.370.680.790.730.720.680.940.7
0.810.740.49-0.560.830.490.460.83-0.17-0.550.38-0.040.670.540.73-0.10.830.330.640.690.820.570.310.770.29
0.860.90.74-0.920.790.490.920.640.630.20.9-0.740.240.810.760.70.540.640.240.840.520.90.840.840.85
0.760.810.7-0.930.720.460.920.560.650.30.89-0.650.280.70.650.780.450.570.240.730.440.970.790.750.81
0.90.80.42-0.540.80.830.640.560.0-0.290.43-0.340.780.830.920.120.990.730.430.90.990.630.240.780.26
0.230.320.6-0.50.25-0.170.630.650.00.650.83-0.47-0.060.230.070.88-0.120.22-0.20.18-0.130.560.720.220.78
-0.26-0.22-0.18-0.09-0.39-0.550.20.3-0.290.650.27-0.55-0.40.13-0.170.79-0.350.32-0.76-0.08-0.350.270.14-0.290.16
0.70.770.87-0.850.730.380.90.890.430.830.27-0.510.240.530.490.770.320.360.210.580.30.850.910.690.94
-0.48-0.52-0.150.62-0.25-0.04-0.74-0.65-0.34-0.47-0.55-0.510.18-0.8-0.61-0.69-0.27-0.790.25-0.69-0.26-0.65-0.48-0.47-0.45
0.580.460.38-0.180.610.670.240.280.78-0.06-0.40.240.180.380.54-0.080.80.360.430.480.80.33-0.040.470.04
0.830.790.31-0.680.630.540.810.70.830.230.130.53-0.80.380.940.450.80.940.110.970.790.750.380.750.38
0.930.870.42-0.680.780.730.760.650.920.07-0.170.49-0.610.540.940.240.90.810.370.980.890.70.370.880.37
0.30.370.4-0.630.23-0.10.70.780.120.880.790.77-0.69-0.080.450.240.010.47-0.310.360.00.720.640.280.67
0.840.730.33-0.450.740.830.540.450.99-0.12-0.350.32-0.270.80.80.90.010.710.430.861.00.540.120.740.14
0.620.550.06-0.450.370.330.640.570.730.220.320.36-0.790.360.940.810.470.71-0.140.840.710.620.140.510.16
0.540.550.57-0.350.680.640.240.240.43-0.2-0.760.210.250.430.110.37-0.310.43-0.140.320.420.180.310.590.31
0.940.90.47-0.750.790.690.840.730.90.18-0.080.58-0.690.480.970.980.360.860.840.320.850.770.470.870.47
0.830.710.31-0.430.730.820.520.440.99-0.13-0.350.3-0.260.80.790.890.01.00.710.420.850.530.10.720.12
0.780.810.61-0.910.720.570.90.970.630.560.270.85-0.650.330.750.70.720.540.620.180.770.530.710.760.72
0.610.740.87-0.860.680.310.840.790.240.720.140.91-0.48-0.040.380.370.640.120.140.310.470.10.710.670.99
0.960.970.73-0.860.940.770.840.750.780.22-0.290.69-0.470.470.750.880.280.740.510.590.870.720.760.670.66
0.620.740.9-0.840.70.290.850.810.260.780.160.94-0.450.040.380.370.670.140.160.310.470.120.720.990.66
Click cells to compare fundamentals

Lithium Americas Account Relationship Matchups

Lithium Americas fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets293.8M326.7M817.3M1.0B439.5M461.5M
Total Stockholder Equity159.6M190.7M536.3M784.0M407.5M427.8M
Property Plant And Equipment Net162.8M6.3M10.0M357.7M206.9M217.2M
Retained Earnings(65.8M)(140.2M)(178.7M)(272.2M)(264.4M)(251.1M)
Non Current Assets Total200.9M172.4M284.8M660.5M233.6M245.3M
Non Currrent Assets Other38.1M166.1M105.4M229.9M15.6M14.8M
Other Assets12.8M38.1M34.7M97.9M112.6M118.2M
Common Stock Shares Outstanding91.8M91.8M118.8M133.7M160.4M168.4M
Liabilities And Stockholders Equity293.8M326.7M817.3M1.0B439.5M461.5M
Total Liab134.2M136.0M281.0M232.5M32.0M52.7M
Property Plant And Equipment Gross162.8M6.3M10.4M16.3M226.3M237.6M
Total Current Liabilities15.0M8.8M8.3M19.6M24.6M25.8M
Net Debt36.6M(23.3M)(245.6M)13.1M(192.4M)(182.8M)
Accounts Payable11.9M5.2M7.3M9.9M23.4K22.2K
Cash83.6M148.1M510.6M194.5M195.5M205.3M
Cash And Short Term Investments83.6M148.1M510.6M352.1M195.5M100.3M
Net Receivables2.6M1.3M2.0M3K4.5M4.7M
Non Current Liabilities Total119.2M127.3M272.8M212.9M7.5M7.1M
Other Current Assets5.5M5.0M20M1.3M5.9M6.2M
Other Stockholder Equity28.4M27.2M28.5M241.3M15.0M14.3M
Total Current Assets92.9M154.3M532.6M356.1M205.9M216.2M
Accumulated Other Comprehensive Income(114K)(4.3M)(3.9M)(3.5M)(3.1M)(3.0M)
Short Long Term Debt Total120.2M130.5M273.4M207.6M3.1M3.0M
Common Stock Total Equity197.4M198.0M200.9M307.2M353.2M370.9M
Short Term Debt3.1M3.6M909K43.6M50.1M52.6M
Common Stock200.9M307.2M690.0M1.0B656.8M338.6M
Other Liab269K2.1M326K6.4M7.4M7.8M
Net Tangible Assets159.6M190.7M536.3M(34.4M)(39.6M)(37.6M)
Long Term Debt117.1M126.9M272.4M204.5M235.1M246.9M
Inventory1.6M1.2M0.020.0M5.9M3.3M
Long Term Investments35.3M0.0169.3M72.9M11.2M10.6M
Short Long Term Debt3.1M3.6M909K3.1M3.6M3.7M
Property Plant Equipment162.8M6.3M10.0M13.5M12.1M11.5M
Capital Lease Obligations96K169K1.8M1.6M3.1M3.3M
Long Term Debt Total18.0M117.1M126.9M272.4M313.3M329.0M
Capital Surpluse26.2M28.4M27.2M28.5M32.7M26.2M
Net Invested Capital279.8M315.5M801.3M991.6M407.5M472.4M

Pair Trading with Lithium Americas

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 Lithium Americas 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 Lithium Americas will appreciate offsetting losses from the drop in the long position's value.

Moving together with Lithium Stock

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Moving against Lithium Stock

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The ability to find closely correlated positions to Lithium Americas could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Lithium Americas 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 Lithium Americas - 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 Lithium Americas Corp to buy it.
The correlation of Lithium Americas 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 Lithium Americas moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Lithium Americas Corp 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 Lithium Americas 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.
Pair CorrelationCorrelation Matching
When determining whether Lithium Americas Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Lithium Americas' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Lithium Americas Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Lithium Americas Corp Stock:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lithium Americas Corp. 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.
You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
Please note, there is a significant difference between Lithium Americas' value and its price as these two are different measures arrived at by different means. Investors typically determine if Lithium Americas is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Lithium Americas' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.