Laramide Short Long Term Debt Total vs Cash Analysis
LAM Stock | CAD 0.66 0.02 2.94% |
Laramide Resources financial indicator trend analysis is infinitely more than just investigating Laramide Resources recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Laramide Resources is a good investment. Please check the relationship between Laramide Resources Short Long Term Debt Total and its Cash accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Laramide Resources. 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.
Short Long Term Debt Total vs Cash
Short Long Term Debt Total vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Laramide Resources Short Long Term Debt Total account and Cash. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Laramide Resources' Short Long Term Debt Total and Cash is -0.14. Overlapping area represents the amount of variation of Short Long Term Debt Total that can explain the historical movement of Cash in the same time period over historical financial statements of Laramide Resources, assuming nothing else is changed. The correlation between historical values of Laramide Resources' Short Long Term Debt Total 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 Short Long Term Debt Total of Laramide Resources 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 Short Long Term Debt Total i.e., Laramide Resources' Short Long Term Debt Total and Cash go up and down completely randomly.
Correlation Coefficient | -0.14 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Short Long Term Debt Total
Cash
Cash refers to the most liquid asset of Laramide Resources, which is listed under current asset account on Laramide Resources balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Laramide Resources customers. The amounts must be unrestricted with restricted cash listed in a different Laramide Resources 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 Laramide Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Laramide 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 Laramide Resources. 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, Laramide Resources' Issuance Of Capital Stock is very stable compared to the past year. As of the 14th of December 2024, Enterprise Value is likely to grow to about 156 M, while Selling General Administrative is likely to drop about 1.8 M.
Laramide Resources fundamental ratios Correlations
Click cells to compare fundamentals
Laramide Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Laramide Resources fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 86.5M | 92.2M | 96.6M | 99.9M | 109.6M | 66.4M | |
Total Current Liabilities | 4.9M | 5.0M | 7.9M | 8.9K | 5.2M | 3.6M | |
Total Stockholder Equity | 71.6M | 76.9M | 78.7M | 52.8K | 96.6M | 53.7M | |
Property Plant And Equipment Net | 84.6M | 88.9M | 86.8M | 93.1K | 98.9M | 53.5M | |
Net Debt | 10.0M | 7.4M | (820.4K) | (1.6K) | (4.7M) | (4.5M) | |
Retained Earnings | (100.3M) | (105.7M) | (114.6M) | (115.2K) | (119.9M) | (113.9M) | |
Accounts Payable | 381.5K | 538.0K | 182.3K | 1.4K | 905.4K | 877.1K | |
Cash | 27.0K | 91.3K | 7.6M | 1.6K | 9.1M | 9.5M | |
Non Current Assets Total | 86.1M | 90.3M | 87.8M | 93.1K | 99.6M | 57.3M | |
Non Currrent Assets Other | 474.9K | 465.6K | 463.6K | (93.1K) | 483.6K | 459.4K | |
Cash And Short Term Investments | 76.8K | 1.5M | 8.5M | 5.8K | 9.6M | 10.1M | |
Net Receivables | 51.9K | 66.3K | 106.2K | 134.3K | 146.0K | 177.7K | |
Common Stock Shares Outstanding | 138.0M | 164.7M | 176.5M | 206.8M | 228.8M | 240.3M | |
Liabilities And Stockholders Equity | 86.5M | 92.2M | 96.6M | 99.9M | 109.6M | 66.4M | |
Other Stockholder Equity | 27.9M | 33.2M | 30.0M | (52.8K) | 30.6M | 50.2M | |
Total Liab | 14.8M | 15.3M | 17.8M | 12.7K | 13.0M | 8.7M | |
Property Plant And Equipment Gross | 84.6M | 88.9M | 90.2M | 96.7M | 102.1M | 57.5M | |
Total Current Assets | 344.0K | 1.8M | 8.8M | 6.3K | 10.0M | 5.1M | |
Short Long Term Debt Total | 10.0M | 7.4M | 6.8M | 6.0M | 4.3M | 4.9M | |
Other Current Liab | 787.8K | 3.3M | 7.2M | 7.5K | 4.1M | 2.7M | |
Current Deferred Revenue | 502.6K | 549.7K | 211.3K | 191.6K | (905.45) | (860.18) | |
Accumulated Other Comprehensive Income | 864.0K | 6.1M | 2.5M | 2.9M | 1.5M | 755.8K | |
Short Term Debt | 3.7M | 1.1M | 575.3K | 6.0M | 156.1K | 148.3K | |
Other Current Assets | 215.3K | 200.2K | 178.6K | 201.6K | 266.0K | 431.5K | |
Non Current Liabilities Total | 9.9M | 10.4M | 9.9M | (1.4K) | 7.8M | 6.5M | |
Short Term Investments | 49.8K | 1.5M | 839.9K | 4.2K | 572.4K | 543.8K | |
Common Stock | 139.7M | 143.2M | 159.2M | 168.0K | 184.5M | 127.9M | |
Other Liab | 3.6M | 4.0M | 3.7M | 3.8M | 4.4M | 3.7M | |
Net Tangible Assets | 71.6M | 76.9M | 78.7M | 87.2M | 100.2M | 80.8M | |
Other Assets | 474.9K | 465.6K | 463.6K | 495.26 | 445.73 | 423.45 | |
Long Term Debt | 6.0M | 6.2M | 6.2M | 4.2M | 4.8M | 6.1M | |
Short Long Term Debt | 3.7M | 1.1M | 575.3K | 6.0M | 156.1K | 148.3K | |
Property Plant Equipment | 84.6M | 88.9M | 86.8M | 93.1M | 107.1M | 89.8M | |
Long Term Investments | 1.0M | 964.5K | 548K | 0.0 | 175.1K | 166.4K | |
Long Term Debt Total | 7.1M | 8.7M | 6.3M | 6.4M | 6.2M | 0.0 | |
Capital Surpluse | 27.9M | 29.1M | 30.0M | 30.7M | 35.4M | 31.4M | |
Net Invested Capital | 81.7M | 84.3M | 85.5M | 93.2M | 101.0M | 95.9M | |
Net Working Capital | (4.6M) | (3.1M) | 823.1K | (2.6M) | 4.8M | 5.1M |
Pair Trading with Laramide Resources
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 Laramide Resources 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 Laramide Resources will appreciate offsetting losses from the drop in the long position's value.Moving together with Laramide Stock
Moving against Laramide Stock
0.7 | SLF-PG | Sun Life Non | PairCorr |
0.52 | SAGE | Sage Potash Corp | PairCorr |
0.5 | MFC-PC | Manulife Finl Srs | PairCorr |
0.44 | SLF-PC | Sun Life Financial | PairCorr |
0.42 | SLF-PD | Sun Life Financial | PairCorr |
The ability to find closely correlated positions to Laramide Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Laramide Resources 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 Laramide Resources - 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 Laramide Resources to buy it.
The correlation of Laramide Resources 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 Laramide Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Laramide Resources 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 Laramide Resources 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 Laramide Stock
Balance Sheet is a snapshot of the financial position of Laramide Resources at a specified time, usually calculated after every quarter, six months, or one year. Laramide Resources Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Laramide Resources 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 Laramide currently owns. An asset can also be divided into two categories, current and non-current.