Snow Non Current Liabilities Total vs Net Debt Analysis
LITM Stock | USD 0.20 0.02 11.11% |
Snow Lake financial indicator trend analysis is much more than just breaking down Snow Lake Resources prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Snow Lake Resources is a good investment. Please check the relationship between Snow Lake Non Current Liabilities Total and its Net Debt accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Snow Lake 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 estimate.
Non Current Liabilities Total vs Net Debt
Non Current Liabilities Total vs Net Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Snow Lake Resources Non Current Liabilities Total account and Net Debt. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Snow Lake's Non Current Liabilities Total and Net Debt is -0.31. Overlapping area represents the amount of variation of Non Current Liabilities Total that can explain the historical movement of Net Debt in the same time period over historical financial statements of Snow Lake Resources, assuming nothing else is changed. The correlation between historical values of Snow Lake's Non Current Liabilities Total and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Liabilities Total of Snow Lake Resources are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Non Current Liabilities Total i.e., Snow Lake's Non Current Liabilities Total and Net Debt go up and down completely randomly.
Correlation Coefficient | -0.31 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Non Current Liabilities Total
Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.Most indicators from Snow Lake's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Snow Lake 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 Snow Lake 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 estimate. As of the 3rd of December 2024, Selling General Administrative is likely to grow to about 14.7 M, while Issuance Of Capital Stock is likely to drop 0.00.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 177.2K | 15.4K | 17.7K | 16.9K | Depreciation And Amortization | 10.6M | 2.6K | 3.0K | 2.9K |
Snow Lake fundamental ratios Correlations
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Snow Lake Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Snow Lake fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 5.6M | 6.1M | 37.1M | 26.4M | 29.9M | 20.3M | |
Short Long Term Debt Total | 205.6K | 659.5K | 201.2K | 61.0K | 31.1K | 29.6K | |
Other Current Liab | (137.9K) | 409.9K | 1.0M | 2.3M | 1.4M | 936.0K | |
Total Current Liabilities | 343.7K | 1.4M | 1.8M | 3.1M | 1.9M | 1.6M | |
Total Stockholder Equity | 5.2M | 4.8M | 35.3M | 23.3M | 25.5M | 18.2M | |
Property Plant And Equipment Net | 5.4M | 5.7M | 12.1M | 21.5M | 26.6M | 14.0M | |
Net Debt | 62.6K | 340.7K | (23.6M) | (3.8M) | (2.5M) | (2.6M) | |
Retained Earnings | (1.7M) | (2.3M) | (10.5M) | (24.6M) | (26.5M) | (25.2M) | |
Accounts Payable | 138.1K | 262.1K | 568.1K | 722.4K | 470.2K | 423.8K | |
Cash | 143.1K | 318.8K | 23.8M | 3.8M | 2.5M | 2.4M | |
Non Current Assets Total | 5.4M | 5.7M | 12.1M | 21.5M | 26.6M | 14.0M | |
Cash And Short Term Investments | 143.1K | 318.8K | 23.8M | 3.8M | 2.5M | 2.4M | |
Net Receivables | 10.6K | 10.6K | 304.5K | 191.5K | 40.7K | 38.7K | |
Liabilities And Stockholders Equity | 5.6M | 6.1M | 37.1M | 26.4M | 29.9M | 20.3M | |
Non Current Liabilities Total | 343.7K | 921.7K | 1.4M | 31.1K | 2.5M | 2.6M | |
Other Current Assets | 11.39 | 68.0K | 483.3K | 883.9K | 706.6K | 392.7K | |
Total Liab | 343.7K | 1.4M | 1.8M | 3.9M | 4.4M | 2.2M | |
Net Invested Capital | 5.4M | 5.4M | 35.5M | 23.3M | 26.8M | 16.6M | |
Total Current Assets | 154.5K | 397.5K | 25.0M | 4.9M | 3.3M | 6.3M | |
Accumulated Other Comprehensive Income | 1.2M | 1.3M | 6.1M | 6.5M | 7.5M | 7.9M | |
Capital Stock | 5.7M | 5.8M | 39.7M | 40.6M | 46.7M | 49.0M | |
Net Working Capital | (189.3K) | (977.4K) | 23.2M | 1.9M | 2.1M | 2.0M | |
Short Term Debt | 205.6K | 659.5K | 201.2K | 29.9K | 31.1K | 29.6K | |
Common Stock | 5.7M | 5.8M | 39.7M | 40.6M | 50.1M | 27.1M |
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Is Diversified Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Snow Lake. If investors know Snow will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Snow Lake listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.24) | Return On Assets (0.13) | Return On Equity (0.29) |
The market value of Snow Lake Resources is measured differently than its book value, which is the value of Snow that is recorded on the company's balance sheet. Investors also form their own opinion of Snow Lake's value that differs from its market value or its book value, called intrinsic value, which is Snow Lake's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Snow Lake's market value can be influenced by many factors that don't directly affect Snow Lake's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Snow Lake's value and its price as these two are different measures arrived at by different means. Investors typically determine if Snow Lake is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Snow Lake's 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.