| CPL Stock | | | CAD 0.01 0.01 50.00% |
Copper Lake financial indicator trend analysis is way more than just evaluating Copper Lake Resources prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Copper Lake Resources is a good investment. Please check the relationship between Copper Lake Depreciation And Amortization and its Total Current Liabilities accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Copper 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 board of governors.
Depreciation And Amortization vs Total Current Liabilities
Depreciation And Amortization vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Copper Lake Resources Depreciation And Amortization account and
Total Current Liabilities. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Copper Lake's Depreciation And Amortization and Total Current Liabilities is -0.24. Overlapping area represents the amount of variation of Depreciation And Amortization that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Copper Lake Resources, assuming nothing else is changed. The correlation between historical values of Copper Lake's Depreciation And Amortization 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 Depreciation And Amortization of Copper Lake 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 Depreciation And Amortization i.e., Copper Lake's Depreciation And Amortization and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | -0.24 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Depreciation And Amortization
The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.
Total Current Liabilities
Total Current Liabilities is an item on Copper Lake balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Copper Lake 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 Copper Lake's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Copper 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
Trending Equities to better understand how to build diversified portfolios, which includes a position in Copper 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 board of governors.
At this time, Copper Lake's
Selling General Administrative is fairly stable compared to the past year.
Enterprise Value is likely to climb to about 5.5
M in 2024, whereas
Issuance Of Capital Stock is likely to drop slightly above 1
M in 2024.
| 2021 | 2023 | 2024 (projected) |
Interest Expense | 1.7K | 2.0K | 1.9K | Depreciation And Amortization | 16.5K | 19.0K | 18.0K |
Copper Lake fundamental ratios Correlations
Click cells to compare fundamentals
Copper Lake Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Copper Lake fundamental ratios Accounts
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Additional Tools for Copper Stock Analysis
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