Snow Total Assets vs Cash And Short Term Investments 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 Total Assets and its Cash And Short Term Investments 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.
Total Assets vs Cash And Short Term Investments
Total Assets vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Snow Lake Resources Total Assets account and Cash And Short Term Investments. At this time, the significance of the direction appears to have strong relationship.
The correlation between Snow Lake's Total Assets and Cash And Short Term Investments is 0.76. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Cash And Short Term Investments 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 Total Assets and Cash 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 Total Assets of Snow Lake Resources are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Total Assets i.e., Snow Lake's Total Assets and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.76 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Total Assets
Total assets refers to the total amount of Snow Lake assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Snow Lake Resources books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Snow Lake Resources balance sheet. This account contains Snow Lake investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Snow Lake Resources fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.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.