Lumina Net Debt vs Total Current Liabilities Analysis

LUM Stock  CAD 0.50  0.01  1.96%   
Lumina Gold financial indicator trend analysis is infinitely more than just investigating Lumina Gold Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Lumina Gold Corp is a good investment. Please check the relationship between Lumina Gold Net Debt and its Total Current Liabilities accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lumina Gold 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.

Net Debt vs Total Current Liabilities

Net Debt vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Lumina Gold Corp Net Debt account and Total Current Liabilities. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Lumina Gold's Net Debt and Total Current Liabilities is -0.06. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Lumina Gold Corp, assuming nothing else is changed. The correlation between historical values of Lumina Gold's Net Debt and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Lumina Gold Corp are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Net Debt i.e., Lumina Gold's Net Debt and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

-0.06
Relationship DirectionNegative 
Relationship StrengthInsignificant

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.

Total Current Liabilities

Total Current Liabilities is an item on Lumina Gold balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Lumina Gold Corp are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
Most indicators from Lumina Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Lumina Gold 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 Lumina Gold 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.
Enterprise Value is likely to climb to about 95.5 M in 2024, whereas Selling General Administrative is likely to drop slightly above 2 M in 2024.
 2021 2022 2023 2024 (projected)
Reconciled Depreciation176.0K179.1K184.9K168.4K
Interest Income8.2K22.0K198.5K188.1K

Lumina Gold fundamental ratios Correlations

0.150.040.88-0.7-0.070.740.960.740.770.250.21-0.080.090.740.50.960.560.110.050.230.780.77-0.110.990.1
0.150.84-0.33-0.45-0.770.54-0.040.540.10.680.390.280.980.550.46-0.040.450.970.02-0.01-0.1-0.040.040.170.85
0.040.84-0.39-0.06-0.820.28-0.070.280.090.720.350.30.90.280.53-0.060.410.760.040.04-0.14-0.10.30.140.85
0.88-0.33-0.39-0.50.290.480.920.480.69-0.070.02-0.22-0.40.480.270.920.35-0.360.040.240.760.72-0.10.85-0.29
-0.7-0.45-0.06-0.50.27-0.96-0.5-0.96-0.5-0.4-0.25-0.03-0.32-0.96-0.46-0.51-0.57-0.44-0.01-0.18-0.31-0.330.22-0.65-0.29
-0.07-0.77-0.820.290.27-0.460.09-0.45-0.25-0.96-0.37-0.28-0.75-0.45-0.810.09-0.57-0.65-0.02-0.120.310.3-0.45-0.15-0.88
0.740.540.280.48-0.96-0.460.531.00.560.580.320.070.441.00.630.530.680.490.00.230.30.31-0.040.730.48
0.96-0.04-0.070.92-0.50.090.530.530.740.090.13-0.15-0.070.530.381.00.44-0.070.050.190.850.83-0.120.95-0.07
0.740.540.280.48-0.96-0.451.00.530.570.570.320.110.441.00.620.530.680.490.040.260.30.32-0.040.720.47
0.770.10.090.69-0.5-0.250.560.740.570.380.10.150.050.570.620.740.60.020.050.240.410.380.070.780.14
0.250.680.72-0.07-0.4-0.960.580.090.570.380.470.170.650.570.890.090.670.560.080.21-0.14-0.130.410.330.81
0.210.390.350.02-0.25-0.370.320.130.320.10.47-0.450.360.320.410.130.370.340.760.540.370.390.060.230.38
-0.080.280.3-0.22-0.03-0.280.07-0.150.110.150.17-0.450.30.110.09-0.150.030.27-0.19-0.04-0.42-0.40.1-0.080.24
0.090.980.9-0.4-0.32-0.750.44-0.070.440.050.650.360.30.440.41-0.070.370.970.01-0.04-0.11-0.05-0.010.120.81
0.740.550.280.48-0.96-0.451.00.531.00.570.570.320.110.440.630.530.680.490.040.260.30.32-0.040.720.47
0.50.460.530.27-0.46-0.810.630.380.620.620.890.410.090.410.630.380.730.310.180.270.090.060.480.570.66
0.96-0.04-0.060.92-0.510.090.531.00.530.740.090.13-0.15-0.070.530.380.44-0.060.050.190.850.83-0.120.95-0.07
0.560.450.410.35-0.57-0.570.680.440.680.60.670.370.030.370.680.730.440.310.090.290.190.190.150.60.46
0.110.970.76-0.36-0.44-0.650.49-0.070.490.020.560.340.270.970.490.31-0.060.31-0.01-0.08-0.09-0.02-0.170.10.72
0.050.020.040.04-0.01-0.020.00.050.040.050.080.76-0.190.010.040.180.050.09-0.010.590.30.310.030.050.03
0.23-0.010.040.24-0.18-0.120.230.190.260.240.210.54-0.04-0.040.260.270.190.29-0.080.590.180.220.130.230.04
0.78-0.1-0.140.76-0.310.310.30.850.30.41-0.140.37-0.42-0.110.30.090.850.19-0.090.30.180.99-0.210.76-0.15
0.77-0.04-0.10.72-0.330.30.310.830.320.38-0.130.39-0.4-0.050.320.060.830.19-0.020.310.220.99-0.240.74-0.13
-0.110.040.3-0.10.22-0.45-0.04-0.12-0.040.070.410.060.1-0.01-0.040.48-0.120.15-0.170.030.13-0.21-0.240.010.54
0.990.170.140.85-0.65-0.150.730.950.720.780.330.23-0.080.120.720.570.950.60.10.050.230.760.740.010.18
0.10.850.85-0.29-0.29-0.880.48-0.070.470.140.810.380.240.810.470.66-0.070.460.720.030.04-0.15-0.130.540.18
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Lumina Gold Account Relationship Matchups

Lumina Gold fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets12.3M6.4M17.9M6.6M22.0M23.1M
Other Current Liab550.5K1.4M142.8K2.5M9.8M10.2M
Total Current Liabilities1.4M1.6M712.7K10.5M9.8M10.3M
Total Stockholder Equity10.9M4.8M17.1M(4.0M)(8.0M)(7.6M)
Net Debt(6.2M)918.5K(12.0M)7.2M(13.6M)(12.9M)
Retained Earnings(81.4M)(89.4M)(97.3M)(119.6M)(136.8M)(130.0M)
Cash6.2M535.8K12.0M795.2K13.6M14.3M
Non Current Assets Total5.9M5.7M5.7M5.6M8.2M6.6M
Cash And Short Term Investments6.2M535.8K12.0M795.2K13.6M14.3M
Net Receivables93.9K53.9K63.7K52.5K60.4K45.5K
Common Stock Shares Outstanding311.3M332.0M343.6M376.4M415.8M436.6M
Liabilities And Stockholders Equity12.3M6.4M17.9M6.6M22.0M23.1M
Other Stockholder Equity5.6M6.2M6.5M7.6M8.6M9.3M
Total Liab1.4M1.6M712.7K10.6M30.0M31.5M
Total Current Assets6.5M661.1K12.2M942.5K13.8M14.5M
Common Stock86.7M88.0M108.0M108.0M120.3M67.4M
Property Plant And Equipment Net5.9M5.7M5.6M5.6M8.1M6.8M
Accounts Payable550.5K1.4M142.8K712.7K819.6K860.6K
Non Currrent Assets Other30.3K32.2K51.1K53.4K56.4K73.5K
Other Assets192.2K30.3K32.2K51.1K58.7K93.0K
Net Tangible Assets17.4M10.9M4.8M17.1M19.7M21.4M
Property Plant Equipment3.3M5.9M5.7M5.6M5.0M4.8M
Net Invested Capital10.9M6.2M17.1M4.0M(8.0M)(7.6M)
Net Working Capital5.1M(935.9K)11.5M(9.6M)4.0M4.3M
Capital Stock86.7M88.0M108.0M108.0M120.3M107.7M

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Additional Tools for Lumina Stock Analysis

When running Lumina Gold's price analysis, check to measure Lumina Gold's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Lumina Gold is operating at the current time. Most of Lumina Gold's value examination focuses on studying past and present price action to predict the probability of Lumina Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Lumina Gold's price. Additionally, you may evaluate how the addition of Lumina Gold to your portfolios can decrease your overall portfolio volatility.