Labrador Accounts Payable vs Cash Analysis

LAB Stock

CAD 0.07 0.01 16.67%

Labrador Gold financial indicator trend analysis is infinitely more than just investigating Labrador Gold Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Labrador Gold Corp is a good investment. Please check the relationship between Labrador Gold Accounts Payable and its Cash accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Labrador 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.

Accounts Payable vs Cash

Accounts Payable vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Labrador Gold Corp Accounts Payable account and Cash. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Labrador Gold's Accounts Payable and Cash is 0.53. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Cash in the same time period over historical financial statements of Labrador Gold Corp, assuming nothing else is changed. The correlation between historical values of Labrador Gold's Accounts Payable 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 Accounts Payable of Labrador 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 Accounts Payable i.e., Labrador Gold's Accounts Payable and Cash go up and down completely randomly.

Correlation Coefficient

0.53

Relationship Direction	Positive
Relationship Strength	Weak

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Accounts Payable

An accounting item on the balance sheet that represents Labrador Gold obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Labrador Gold Corp are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.

Cash

Cash refers to the most liquid asset of Labrador Gold Corp, which is listed under current asset account on Labrador Gold Corp balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Labrador Gold customers. The amounts must be unrestricted with restricted cash listed in a different Labrador 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 Labrador Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Labrador 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 Labrador 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.

Selling General Administrative is likely to climb to about 940.3 K in 2024, despite the fact that Tax Provision is likely to grow to (181.1 K).

Labrador Gold fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Retained Earnings	Cash	Non Current Assets Total	Net Receivables	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Property Plant Equipment	Common Stock Shares Outstanding	Net Invested Capital	Net Working Capital	Accounts Payable	Capital Stock	Property Plant And Equipment Net	Property Plant And Equipment Gross	Other Liab
Total Assets		0.99	0.87	1.0	1.0	-0.98	0.77	0.94	0.97	0.98	1.0	0.78	1.0	0.97	0.94	1.0	0.78	0.93	0.95	0.86	0.86	-0.61
Other Current Liab	0.99		0.89	0.99	0.99	-0.95	0.77	0.92	0.98	0.96	0.99	0.78	0.99	0.95	0.92	0.99	0.78	0.92	0.94	0.85	0.85	-0.6
Total Current Liabilities	0.87	0.89		0.87	0.87	-0.87	0.93	0.69	0.87	0.88	0.87	0.93	0.86	0.74	0.92	0.87	0.92	0.68	0.92	0.71	0.71	-0.27
Total Stockholder Equity	1.0	0.99	0.87		1.0	-0.98	0.77	0.94	0.97	0.99	1.0	0.78	1.0	0.97	0.94	1.0	0.78	0.92	0.95	0.86	0.86	-0.61
Net Tangible Assets	1.0	0.99	0.87	1.0		-0.98	0.77	0.94	0.97	0.98	1.0	0.78	1.0	0.97	0.94	1.0	0.78	0.93	0.95	0.86	0.86	-0.62
Retained Earnings	-0.98	-0.95	-0.87	-0.98	-0.98		-0.78	-0.9	-0.94	-0.98	-0.96	-0.79	-0.97	-0.94	-0.96	-0.98	-0.79	-0.87	-0.94	-0.84	-0.84	0.48
Cash	0.77	0.77	0.93	0.77	0.77	-0.78		0.51	0.76	0.8	0.76	1.0	0.76	0.6	0.8	0.77	1.0	0.53	0.8	0.47	0.47	-0.17
Non Current Assets Total	0.94	0.92	0.69	0.94	0.94	-0.9	0.51		0.91	0.9	0.94	0.52	0.95	0.99	0.85	0.94	0.53	0.97	0.86	0.92	0.92	-0.73
Net Receivables	0.97	0.98	0.87	0.97	0.97	-0.94	0.76	0.91		0.94	0.98	0.77	0.97	0.94	0.91	0.97	0.77	0.9	0.92	0.83	0.83	-0.57
Other Stockholder Equity	0.98	0.96	0.88	0.99	0.98	-0.98	0.8	0.9	0.94		0.97	0.81	0.98	0.93	0.95	0.98	0.81	0.86	0.93	0.81	0.81	-0.58
Total Liab	1.0	0.99	0.87	1.0	1.0	-0.96	0.76	0.94	0.98	0.97		0.77	1.0	0.97	0.93	1.0	0.77	0.94	0.95	0.87	0.87	-0.61
Total Current Assets	0.78	0.78	0.93	0.78	0.78	-0.79	1.0	0.52	0.77	0.81	0.77		0.76	0.61	0.81	0.78	1.0	0.54	0.81	0.49	0.49	-0.17
Common Stock	1.0	0.99	0.86	1.0	1.0	-0.97	0.76	0.95	0.97	0.98	1.0	0.76		0.97	0.94	1.0	0.77	0.93	0.94	0.86	0.86	-0.63
Property Plant Equipment	0.97	0.95	0.74	0.97	0.97	-0.94	0.6	0.99	0.94	0.93	0.97	0.61	0.97		0.9	0.96	0.61	0.97	0.9	0.91	0.91	-0.67
Common Stock Shares Outstanding	0.94	0.92	0.92	0.94	0.94	-0.96	0.8	0.85	0.91	0.95	0.93	0.81	0.94	0.9		0.94	0.8	0.82	0.98	0.87	0.87	-0.37
Net Invested Capital	1.0	0.99	0.87	1.0	1.0	-0.98	0.77	0.94	0.97	0.98	1.0	0.78	1.0	0.96	0.94		0.78	0.93	0.95	0.86	0.86	-0.61
Net Working Capital	0.78	0.78	0.92	0.78	0.78	-0.79	1.0	0.53	0.77	0.81	0.77	1.0	0.77	0.61	0.8	0.78		0.55	0.8	0.47	0.47	-0.19
Accounts Payable	0.93	0.92	0.68	0.92	0.93	-0.87	0.53	0.97	0.9	0.86	0.94	0.54	0.93	0.97	0.82	0.93	0.55		0.87	0.92	0.92	-0.7
Capital Stock	0.95	0.94	0.92	0.95	0.95	-0.94	0.8	0.86	0.92	0.93	0.95	0.81	0.94	0.9	0.98	0.95	0.8	0.87		0.91	0.91	-0.39
Property Plant And Equipment Net	0.86	0.85	0.71	0.86	0.86	-0.84	0.47	0.92	0.83	0.81	0.87	0.49	0.86	0.91	0.87	0.86	0.47	0.92	0.91		1.0	-0.48
Property Plant And Equipment Gross	0.86	0.85	0.71	0.86	0.86	-0.84	0.47	0.92	0.83	0.81	0.87	0.49	0.86	0.91	0.87	0.86	0.47	0.92	0.91	1.0		-0.48
Other Liab	-0.61	-0.6	-0.27	-0.61	-0.62	0.48	-0.17	-0.73	-0.57	-0.58	-0.61	-0.17	-0.63	-0.67	-0.37	-0.61	-0.19	-0.7	-0.39	-0.48	-0.48

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Labrador Gold Account Relationship Matchups

Labrador Gold fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	13.8M	46.4M	50.8M	50.5M	58.0M	60.9M
Other Current Liab	292.8K	198.3K	44.9K	1.1M	1.3M	1.4M
Total Current Liabilities	240.8K	1.6M	926.8K	999.3K	1.1M	598.5K
Total Stockholder Equity	13.6M	44.8M	48.9M	48.6M	55.9M	58.7M
Net Tangible Assets	6.6M	13.6M	44.8M	48.9M	56.3M	59.1M
Retained Earnings	(12.7M)	(15.5M)	(16.6M)	(17.4M)	(15.7M)	(16.5M)
Cash	6.3M	33.2M	21.4M	10.1M	11.6M	10.0M
Non Current Assets Total	7.4M	12.6M	28.8M	39.8M	45.8M	48.1M
Net Receivables	73.1K	456.1K	559.6K	482.3K	554.7K	582.4K
Other Stockholder Equity	1.1M	2.7M	4.7M	4.4M	5.1M	5.3M
Total Liab	240.8K	1.6M	1.9M	1.8M	2.1M	2.2M
Total Current Assets	6.5M	33.8M	22.0M	10.6M	12.2M	10.3M
Common Stock	16.2M	23.6M	55.5M	61.1M	70.3M	73.8M
Property Plant Equipment	6.4M	7.4M	12.6M	28.8M	33.2M	34.8M
Common Stock Shares Outstanding	93.4M	153.3M	169.2M	170.0M	195.5M	113.2M
Net Invested Capital	13.6M	44.8M	48.9M	48.6M	55.9M	58.7M
Net Working Capital	6.2M	32.2M	21.1M	9.6M	11.1M	11.1M
Accounts Payable	198.3K	194.4K	473.3K	924.2K	1.1M	1.1M
Capital Stock	23.6M	55.5M	61.1M	61.5M	70.7M	42.8M

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