Argentina Common Stock Shares Outstanding vs Short Term Investments Analysis

LIT Stock  CAD 0.18  0.01  5.88%   
Argentina Lithium financial indicator trend analysis is way more than just evaluating Argentina Lithium Energy prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Argentina Lithium Energy is a good investment. Please check the relationship between Argentina Lithium Common Stock Shares Outstanding and its Short Term Investments accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Argentina Lithium Energy. 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 Short Term Investments

Common Stock Shares Outstanding vs Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Argentina Lithium Energy Common Stock Shares Outstanding account and Short Term Investments. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Argentina Lithium's Common Stock Shares Outstanding and Short Term Investments is -0.55. Overlapping area represents the amount of variation of Common Stock Shares Outstanding that can explain the historical movement of Short Term Investments in the same time period over historical financial statements of Argentina Lithium Energy, assuming nothing else is changed. The correlation between historical values of Argentina Lithium's Common Stock Shares Outstanding and Short Term Investments 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 Argentina Lithium Energy are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Common Stock Shares Outstanding i.e., Argentina Lithium's Common Stock Shares Outstanding and Short Term Investments go up and down completely randomly.

Correlation Coefficient

-0.55
Relationship DirectionNegative 
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.

Short Term Investments

Short Term Investments is an item under the current assets section of Argentina Lithium balance sheet. It contains any investments Argentina Lithium Energy undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Argentina Lithium Energy can easily liquidate in the marketplace.
Most indicators from Argentina Lithium's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Argentina Lithium Energy 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 Argentina Lithium Energy. 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, Argentina Lithium's Selling General Administrative is fairly stable compared to the past year. Enterprise Value is likely to climb to about 36.1 M in 2024, whereas Issuance Of Capital Stock is likely to drop 0.00 in 2024.

Argentina Lithium fundamental ratios Correlations

0.991.0-0.650.70.670.99-0.340.670.93-0.140.991.00.520.880.520.99-0.540.860.88-0.10.99-0.1-0.10.490.99
0.990.99-0.680.610.710.99-0.430.710.96-0.11.00.990.590.920.560.98-0.550.880.89-0.040.99-0.04-0.040.550.97
1.00.99-0.670.70.690.99-0.330.690.93-0.130.991.00.530.890.530.99-0.540.870.89-0.110.99-0.11-0.110.490.98
-0.65-0.68-0.67-0.1-1.0-0.710.33-1.0-0.81-0.17-0.68-0.63-0.76-0.89-0.88-0.710.37-0.93-0.870.12-0.710.120.12-0.59-0.53
0.70.610.7-0.10.110.65-0.030.110.41-0.310.610.72-0.190.350.050.67-0.060.370.41-0.290.64-0.29-0.29-0.10.77
0.670.710.69-1.00.110.73-0.361.00.830.160.710.650.770.910.870.73-0.390.940.88-0.090.73-0.09-0.090.610.56
0.990.990.99-0.710.650.73-0.310.730.95-0.090.990.980.570.920.61.0-0.540.910.93-0.090.99-0.09-0.090.520.96
-0.34-0.43-0.330.33-0.03-0.36-0.31-0.36-0.51-0.03-0.43-0.35-0.33-0.48-0.32-0.33-0.06-0.3-0.250.0-0.410.00.0-0.36-0.33
0.670.710.69-1.00.111.00.73-0.360.830.150.710.650.770.910.870.73-0.40.940.88-0.090.73-0.09-0.090.610.56
0.930.960.93-0.810.410.830.95-0.510.830.00.960.920.740.980.680.94-0.550.930.93-0.060.96-0.06-0.060.650.87
-0.14-0.1-0.13-0.17-0.310.16-0.09-0.030.150.0-0.1-0.150.180.070.3-0.1-0.030.060.06-0.15-0.09-0.15-0.15-0.07-0.19
0.991.00.99-0.680.610.710.99-0.430.710.96-0.10.990.590.920.560.98-0.550.880.89-0.040.99-0.04-0.040.550.97
1.00.991.0-0.630.720.650.98-0.350.650.92-0.150.990.50.860.490.98-0.530.840.86-0.110.99-0.11-0.110.480.99
0.520.590.53-0.76-0.190.770.57-0.330.770.740.180.590.50.750.690.55-0.640.720.70.180.580.180.180.730.43
0.880.920.89-0.890.350.910.92-0.480.910.980.070.920.860.750.790.92-0.480.970.96-0.080.92-0.08-0.080.620.81
0.520.560.53-0.880.050.870.6-0.320.870.680.30.560.490.690.790.61-0.20.820.8-0.060.58-0.06-0.060.490.4
0.990.980.99-0.710.670.731.0-0.330.730.94-0.10.980.980.550.920.61-0.480.910.93-0.10.99-0.1-0.10.510.96
-0.54-0.55-0.540.37-0.06-0.39-0.54-0.06-0.4-0.55-0.03-0.55-0.53-0.64-0.48-0.2-0.48-0.49-0.5-0.13-0.53-0.13-0.13-0.46-0.52
0.860.880.87-0.930.370.940.91-0.30.940.930.060.880.840.720.970.820.91-0.490.98-0.10.89-0.1-0.10.610.78
0.880.890.89-0.870.410.880.93-0.250.880.930.060.890.860.70.960.80.93-0.50.98-0.060.9-0.06-0.060.590.8
-0.1-0.04-0.110.12-0.29-0.09-0.090.0-0.09-0.06-0.15-0.04-0.110.18-0.08-0.06-0.1-0.13-0.1-0.06-0.141.01.00.57-0.1
0.990.990.99-0.710.640.730.99-0.410.730.96-0.090.990.990.580.920.580.99-0.530.890.9-0.14-0.14-0.140.50.97
-0.1-0.04-0.110.12-0.29-0.09-0.090.0-0.09-0.06-0.15-0.04-0.110.18-0.08-0.06-0.1-0.13-0.1-0.061.0-0.141.00.57-0.1
-0.1-0.04-0.110.12-0.29-0.09-0.090.0-0.09-0.06-0.15-0.04-0.110.18-0.08-0.06-0.1-0.13-0.1-0.061.0-0.141.00.57-0.1
0.490.550.49-0.59-0.10.610.52-0.360.610.65-0.070.550.480.730.620.490.51-0.460.610.590.570.50.570.570.43
0.990.970.98-0.530.770.560.96-0.330.560.87-0.190.970.990.430.810.40.96-0.520.780.8-0.10.97-0.1-0.10.43
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Argentina Lithium Account Relationship Matchups

Argentina Lithium fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets112.6K88.0K8.6M15.6M81.8M85.9M
Total Current Liabilities820.7K306.7K976.5K1.9M5.9M6.2M
Total Stockholder Equity(708.1K)(218.7K)7.6M13.7M63.4M66.6M
Net Debt538.9K82.0K(6.4M)(8.1M)(6.1M)(5.8M)
Retained Earnings(28.3M)(28.5M)(30.5M)(39.0M)10.3M10.8M
Cash10.1K19.0K6.4M8.1M6.1M6.4M
Non Current Assets Total77.8K42.7K2.1M7.2M20.4M21.4M
Cash And Short Term Investments10.1K19.0K6.4M8.1M6.1M6.4M
Common Stock Shares Outstanding18.6M32.6M45.7M84.6M130.2M136.8M
Liabilities And Stockholders Equity112.6K88.0K8.6M15.6M81.8M85.9M
Other Stockholder Equity37.5K1.3M500K9.7M122.5K116.3K
Total Liab820.7K306.7K976.5K1.9M5.9M6.2M
Total Current Assets34.8K45.3K6.5M8.4M61.4M64.5M
Accounts Payable256.8K205.7K931.3K1.8M2.1M2.2M
Net Receivables1.1K1.7K29.9K112.3K70.3K42.9K
Property Plant And Equipment Net77.8K42.7K2.1M7.2M19.1M20.0M
Net Tangible Assets(708.1K)(218.7K)7.6M13.7M15.7M16.5M
Property Plant Equipment77.8K42.7K2.1M7.2M8.2M8.7M
Other Current Liab15.0K205.7K976.5K1.9M5.9M6.2M
Other Current Assets23.6K24.6K39.2K174.8K49.5M52.0M
Net Invested Capital(159.1K)(117.7K)7.6M13.7M63.4M66.6M
Net Working Capital(785.9K)(261.4K)5.5M6.5M55.5M58.3M

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