| ILC Stock | | | CAD 0.01 0.01 25.00% |
International Lithium financial indicator trend analysis is infinitely more than just investigating International Lithium recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether International Lithium is a good investment. Please check the relationship between International Lithium Cash and its Net Tangible Assets accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in International Lithium 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.
Cash vs Net Tangible Assets
Cash vs Net Tangible Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
International Lithium Cash account and
Net Tangible Assets. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between International Lithium's Cash and Net Tangible Assets is -0.59. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Net Tangible Assets in the same time period over historical financial statements of International Lithium Corp, assuming nothing else is changed. The correlation between historical values of International Lithium's Cash and Net Tangible Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of International Lithium Corp are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Cash i.e., International Lithium's Cash and Net Tangible Assets go up and down completely randomly.
Correlation Coefficient | -0.59 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Cash
Cash refers to the most liquid asset of International Lithium, which is listed under current asset account on International Lithium Corp balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from International Lithium customers. The amounts must be unrestricted with restricted cash listed in a different International Lithium 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.
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.
Most indicators from International Lithium's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into International Lithium 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
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in International Lithium 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 7.9
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 1.4
M in 2024.
International Lithium fundamental ratios Correlations
Click cells to compare fundamentals
International Lithium Account Relationship Matchups
High Positive Relationship
High Negative Relationship
International Lithium fundamental ratios Accounts
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Additional Tools for International Stock Analysis
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