Largo Total Current Assets vs Total Current Liabilities Analysis
LGO Stock | CAD 2.88 0.12 4.35% |
Largo Resources financial indicator trend analysis is infinitely more than just investigating Largo Resources recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Largo Resources is a good investment. Please check the relationship between Largo Resources Total Current Assets and its Total Current Liabilities accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Largo Resources. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. To learn how to invest in Largo Stock, please use our How to Invest in Largo Resources guide.
Total Current Assets vs Total Current Liabilities
Total Current Assets vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Largo Resources Total Current Assets account and Total Current Liabilities. At this time, the significance of the direction appears to have very week relationship.
The correlation between Largo Resources' Total Current Assets and Total Current Liabilities is 0.27. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Largo Resources, assuming nothing else is changed. The correlation between historical values of Largo Resources' Total Current Assets 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 Total Current Assets of Largo Resources 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 Total Current Assets i.e., Largo Resources' Total Current Assets and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | 0.27 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.Total Current Liabilities
Total Current Liabilities is an item on Largo Resources balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Largo Resources 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 Largo Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Largo 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 Largo Resources. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. To learn how to invest in Largo Stock, please use our How to Invest in Largo Resources guide.At this time, Largo Resources' Selling General Administrative is very stable compared to the past year. As of the 29th of May 2024, Sales General And Administrative To Revenue is likely to grow to 0.32, though Tax Provision is likely to grow to (2.6 M).
2023 | 2024 (projected) | Non Recurring | 4.4M | 7.0M | Research Development | 9K | 8.6K |
Largo Resources fundamental ratios Correlations
Click cells to compare fundamentals
Largo Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Largo Resources fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 356.8M | 297.8M | 313.9M | 355.8M | 381.6M | 201.2M | |
Other Current Liab | 3.2M | 8.1M | 6.6M | 32.7M | 37.6M | 39.5M | |
Total Current Liabilities | 78.1M | 44.3M | 41.7M | 39.0M | 42.5M | 38.1M | |
Total Stockholder Equity | 271.4M | 247.2M | 265.7M | 265.4M | 248.7M | 261.1M | |
Net Debt | (127.1M) | (54.4M) | (66.2M) | (12.4M) | 32.3M | 27.4M | |
Retained Earnings | (49.1M) | (71.9M) | (49.3M) | (48.2M) | (77.6M) | (81.5M) | |
Accounts Payable | 74.9M | 12.3M | 14.1M | 26.6M | 30.6M | 32.2M | |
Cash | 127.1M | 79.1M | 83.8M | 54.5M | 42.7M | 30.0M | |
Cash And Short Term Investments | 127.1M | 79.1M | 83.8M | 54.5M | 62.6M | 65.8M | |
Net Receivables | 6.1M | 19.1M | 23.7M | 21.0M | 19.1M | 20.0M | |
Common Stock Shares Outstanding | 53.5M | 61.4M | 65.0M | 64.4M | 64.1M | 67.3M | |
Liabilities And Stockholders Equity | 356.8M | 297.8M | 313.9M | 355.8M | 409.1M | 429.6M | |
Other Stockholder Equity | 14.9M | 21.3M | 17.8M | 14.1M | 16.3M | 28.5M | |
Total Liab | 85.4M | 50.6M | 48.2M | 81.2M | 125.8M | 84.9M | |
Total Current Assets | 156.2M | 137.3M | 160.0M | 154.1M | 137.1M | 144.0M | |
Property Plant And Equipment Net | 190.1M | 149.0M | 146.7M | 175.2M | 212.2M | 140.4M | |
Non Current Assets Total | 200.7M | 160.5M | 153.9M | 201.6M | 244.5M | 147.0M | |
Other Assets | 10.6M | 7.2M | 3.3M | 19.1M | 22.0M | 23.1M | |
Other Current Assets | 1.7M | 3.7M | 7.2M | 14.5M | 16.6M | 9.9M | |
Property Plant And Equipment Gross | 190.1M | 149.0M | 267.0M | 322.9M | 397.0M | 416.8M | |
Accumulated Other Comprehensive Income | (29.7M) | (108.4M) | (118.8M) | (112.2M) | (100.9M) | (95.9M) | |
Non Current Liabilities Total | 7.3M | 6.3M | 6.5M | 42.2M | 83.4M | 59.7M | |
Short Term Debt | 0.0 | 24.8M | 15.6M | 4.6M | 5.3M | 5.0M | |
Inventory | 21.2M | 35.3M | 45.3M | 64.2M | 61.6M | 64.6M | |
Common Stock Total Equity | 318.6M | 304.9M | 335.3M | 406.2M | 467.1M | 307.7M | |
Common Stock | 335.3M | 406.2M | 416.0M | 411.6M | 473.4M | 334.5M | |
Other Liab | 7.3M | 6.3M | 4.6M | 4.8M | 5.5M | 6.3M | |
Net Tangible Assets | 272.1M | 242.8M | 261.8M | 258.1M | 296.8M | 202.9M | |
Property Plant Equipment | 190.5M | 149.0M | 146.7M | 175.2M | 157.7M | 190.9M | |
Net Invested Capital | 271.4M | 272.0M | 280.7M | 305.4M | 323.7M | 326.6M | |
Net Working Capital | 78.1M | 93.0M | 118.3M | 115.2M | 94.7M | 89.9M | |
Capital Stock | 335.3M | 406.2M | 416.0M | 411.6M | 412.3M | 419.2M |
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Try AI Portfolio ArchitectCheck out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Largo Resources. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. To learn how to invest in Largo Stock, please use our How to Invest in Largo Resources guide.You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
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