Lumina Net Tangible Assets vs Cash 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 Tangible Assets and its Cash 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 Tangible Assets vs Cash

Net Tangible Assets vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Lumina Gold Corp Net Tangible Assets account and Cash. At this time, the significance of the direction appears to have strong relationship.
The correlation between Lumina Gold's Net Tangible Assets and Cash is 0.73. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Cash 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 Tangible Assets 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 Net Tangible Assets of Lumina Gold Corp 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 Net Tangible Assets i.e., Lumina Gold's Net Tangible Assets and Cash go up and down completely randomly.

Correlation Coefficient

0.73
Relationship DirectionPositive 
Relationship StrengthSignificant

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

Cash

Cash refers to the most liquid asset of Lumina Gold Corp, which is listed under current asset account on Lumina Gold Corp balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Lumina Gold customers. The amounts must be unrestricted with restricted cash listed in a different Lumina Gold 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 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.