Laramide Asset Turnover vs Net Debt Analysis

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

Asset Turnover vs Net Debt

Asset Turnover vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Laramide Resources Asset Turnover account and Net Debt. At this time, the significance of the direction appears to have very week relationship.

The correlation between Laramide Resources' Asset Turnover and Net Debt is 0.2. Overlapping area represents the amount of variation of Asset Turnover that can explain the historical movement of Net Debt in the same time period over historical financial statements of Laramide Resources, assuming nothing else is changed. The correlation between historical values of Laramide Resources' Asset Turnover and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Asset Turnover of Laramide Resources are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Asset Turnover i.e., Laramide Resources' Asset Turnover and Net Debt go up and down completely randomly.

Correlation Coefficient

0.2

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Asset Turnover

The ratio of net sales to average total assets, indicating how efficiently a company uses its assets to generate sales.

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Most indicators from Laramide Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Laramide 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 Laramide 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, Laramide Resources' Issuance Of Capital Stock is very stable compared to the past year. As of the 11th of December 2024, Enterprise Value is likely to grow to about 156 M, while Selling General Administrative is likely to drop about 1.8 M.

Laramide Resources fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Long Term Debt Total	Other Current Liab	Current Deferred Revenue	Short Term Debt	Other Current Assets	Non Current Liabilities Total	Short Term Investments	Inventory	Common Stock
Total Assets		0.42	0.52	0.56	0.16	-0.48	-0.01	0.15	0.54	-0.72	0.18	0.06	0.56	0.01	0.52	0.99	0.3	0.52	0.36	0.43	0.15	0.29	0.52	-0.87	0.37	0.4
Total Current Liabilities	0.42		0.69	0.74	0.37	-0.71	0.27	0.2	0.74	-0.21	0.24	-0.08	0.13	0.03	0.75	0.41	0.25	0.6	0.6	0.23	-0.04	0.04	0.53	-0.44	0.38	0.59
Total Stockholder Equity	0.52	0.69		0.98	0.19	-0.85	0.39	0.27	0.98	-0.22	0.41	0.1	0.07	0.3	0.74	0.48	0.56	0.28	0.57	0.45	-0.28	0.38	0.76	-0.48	0.15	0.61
Property Plant And Equipment Net	0.56	0.74	0.98		0.34	-0.88	0.35	0.21	1.0	-0.21	0.32	0.03	0.1	0.2	0.86	0.53	0.47	0.44	0.54	0.48	-0.24	0.26	0.82	-0.52	0.22	0.69
Net Debt	0.16	0.37	0.19	0.34		-0.14	0.12	-0.67	0.33	-0.02	-0.59	-0.13	-0.31	-0.24	0.53	0.23	-0.45	0.73	-0.19	0.48	0.42	-0.07	0.41	-0.17	0.19	0.17
Retained Earnings	-0.48	-0.71	-0.85	-0.88	-0.14		-0.38	-0.51	-0.88	0.21	-0.5	0.18	-0.41	-0.15	-0.82	-0.46	-0.47	-0.4	-0.5	-0.3	0.4	-0.1	-0.73	0.61	-0.41	-0.86
Accounts Payable	-0.01	0.27	0.39	0.35	0.12	-0.38		-0.04	0.35	0.03	0.11	-0.27	-0.28	0.21	0.16	-0.04	0.22	-0.15	-0.25	0.58	-0.13	0.04	0.0	-0.18	0.39	0.42
Cash	0.15	0.2	0.27	0.21	-0.67	-0.51	-0.04		0.21	-0.05	0.84	0.0	0.66	0.05	0.21	0.11	0.61	-0.14	0.53	-0.34	-0.57	-0.08	0.17	-0.21	0.08	0.48
Non Current Assets Total	0.54	0.74	0.98	1.0	0.33	-0.88	0.35	0.21		-0.19	0.31	0.04	0.08	0.25	0.84	0.51	0.45	0.43	0.56	0.46	-0.27	0.29	0.83	-0.52	0.2	0.66
Non Currrent Assets Other	-0.72	-0.21	-0.22	-0.21	-0.02	0.21	0.03	-0.05	-0.19		-0.24	-0.19	-0.48	0.2	-0.12	-0.69	-0.26	-0.28	-0.13	-0.41	-0.36	-0.43	-0.13	0.65	-0.19	-0.09
Cash And Short Term Investments	0.18	0.24	0.41	0.32	-0.59	-0.5	0.11	0.84	0.31	-0.24		0.29	0.44	-0.01	0.19	0.12	0.86	-0.26	0.49	0.0	-0.29	0.23	0.13	-0.13	-0.07	0.32
Net Receivables	0.06	-0.08	0.1	0.03	-0.13	0.18	-0.27	0.0	0.04	-0.19	0.29		-0.14	0.12	-0.14	0.02	0.22	-0.06	0.22	0.14	0.15	0.46	0.07	0.1	-0.82	-0.44
Common Stock Shares Outstanding	0.56	0.13	0.07	0.1	-0.31	-0.41	-0.28	0.66	0.08	-0.48	0.44	-0.14		-0.18	0.22	0.57	0.19	0.29	0.26	-0.24	-0.14	-0.11	0.17	-0.6	0.38	0.44
Other Stockholder Equity	0.01	0.03	0.3	0.2	-0.24	-0.15	0.21	0.05	0.25	0.2	-0.01	0.12	-0.18		-0.1	-0.05	-0.06	-0.24	0.19	0.07	-0.37	0.33	0.16	-0.21	-0.16	-0.07
Total Liab	0.52	0.75	0.74	0.86	0.53	-0.82	0.16	0.21	0.84	-0.12	0.19	-0.14	0.22	-0.1		0.54	0.27	0.71	0.53	0.38	-0.18	-0.01	0.87	-0.51	0.32	0.75
Property Plant And Equipment Gross	0.99	0.41	0.48	0.53	0.23	-0.46	-0.04	0.11	0.51	-0.69	0.12	0.02	0.57	-0.05	0.54		0.23	0.58	0.31	0.42	0.18	0.19	0.5	-0.86	0.41	0.43
Total Current Assets	0.3	0.25	0.56	0.47	-0.45	-0.47	0.22	0.61	0.45	-0.26	0.86	0.22	0.19	-0.06	0.27	0.23		-0.3	0.49	0.22	-0.19	0.35	0.21	-0.11	0.01	0.3
Short Long Term Debt Total	0.52	0.6	0.28	0.44	0.73	-0.4	-0.15	-0.14	0.43	-0.28	-0.26	-0.06	0.29	-0.24	0.71	0.58	-0.3		0.23	0.22	0.24	-0.07	0.62	-0.56	0.28	0.39
Other Current Liab	0.36	0.6	0.57	0.54	-0.19	-0.5	-0.25	0.53	0.56	-0.13	0.49	0.22	0.26	0.19	0.53	0.31	0.49	0.23		-0.15	-0.4	0.25	0.59	-0.25	-0.1	0.28
Current Deferred Revenue	0.43	0.23	0.45	0.48	0.48	-0.3	0.58	-0.34	0.46	-0.41	0.0	0.14	-0.24	0.07	0.38	0.42	0.22	0.22	-0.15		0.3	0.35	0.32	-0.44	0.11	0.2
Short Term Debt	0.15	-0.04	-0.28	-0.24	0.42	0.4	-0.13	-0.57	-0.27	-0.36	-0.29	0.15	-0.14	-0.37	-0.18	0.18	-0.19	0.24	-0.4	0.3		0.28	-0.3	0.01	0.1	-0.48
Other Current Assets	0.29	0.04	0.38	0.26	-0.07	-0.1	0.04	-0.08	0.29	-0.43	0.23	0.46	-0.11	0.33	-0.01	0.19	0.35	-0.07	0.25	0.35	0.28		0.28	-0.24	-0.25	-0.36
Non Current Liabilities Total	0.52	0.53	0.76	0.82	0.41	-0.73	0.0	0.17	0.83	-0.13	0.13	0.07	0.17	0.16	0.87	0.5	0.21	0.62	0.59	0.32	-0.3	0.28		-0.54	0.03	0.53
Short Term Investments	-0.87	-0.44	-0.48	-0.52	-0.17	0.61	-0.18	-0.21	-0.52	0.65	-0.13	0.1	-0.6	-0.21	-0.51	-0.86	-0.11	-0.56	-0.25	-0.44	0.01	-0.24	-0.54		-0.47	-0.53
Inventory	0.37	0.38	0.15	0.22	0.19	-0.41	0.39	0.08	0.2	-0.19	-0.07	-0.82	0.38	-0.16	0.32	0.41	0.01	0.28	-0.1	0.11	0.1	-0.25	0.03	-0.47		0.58
Common Stock	0.4	0.59	0.61	0.69	0.17	-0.86	0.42	0.48	0.66	-0.09	0.32	-0.44	0.44	-0.07	0.75	0.43	0.3	0.39	0.28	0.2	-0.48	-0.36	0.53	-0.53	0.58

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Laramide Resources Account Relationship Matchups

Laramide Resources fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	86.5M	92.2M	96.6M	99.9M	109.6M	66.4M
Total Current Liabilities	4.9M	5.0M	7.9M	8.9K	5.2M	3.6M
Total Stockholder Equity	71.6M	76.9M	78.7M	52.8K	96.6M	53.7M
Property Plant And Equipment Net	84.6M	88.9M	86.8M	93.1K	98.9M	53.5M
Net Debt	10.0M	7.4M	(820.4K)	(1.6K)	(4.7M)	(4.5M)
Retained Earnings	(100.3M)	(105.7M)	(114.6M)	(115.2K)	(119.9M)	(113.9M)
Accounts Payable	381.5K	538.0K	182.3K	1.4K	905.4K	877.1K
Cash	27.0K	91.3K	7.6M	1.6K	9.1M	9.5M
Non Current Assets Total	86.1M	90.3M	87.8M	93.1K	99.6M	57.3M
Non Currrent Assets Other	474.9K	465.6K	463.6K	(93.1K)	483.6K	459.4K
Cash And Short Term Investments	76.8K	1.5M	8.5M	5.8K	9.6M	10.1M
Net Receivables	51.9K	66.3K	106.2K	134.3K	146.0K	177.7K
Common Stock Shares Outstanding	138.0M	164.7M	176.5M	206.8M	228.8M	240.3M
Liabilities And Stockholders Equity	86.5M	92.2M	96.6M	99.9M	109.6M	66.4M
Other Stockholder Equity	27.9M	33.2M	30.0M	(52.8K)	30.6M	50.2M
Total Liab	14.8M	15.3M	17.8M	12.7K	13.0M	8.7M
Property Plant And Equipment Gross	84.6M	88.9M	90.2M	96.7M	102.1M	57.5M
Total Current Assets	344.0K	1.8M	8.8M	6.3K	10.0M	5.1M
Short Long Term Debt Total	10.0M	7.4M	6.8M	6.0M	4.3M	4.9M
Other Current Liab	787.8K	3.3M	7.2M	7.5K	4.1M	2.7M
Current Deferred Revenue	502.6K	549.7K	211.3K	191.6K	(905.45)	(860.18)
Accumulated Other Comprehensive Income	864.0K	6.1M	2.5M	2.9M	1.5M	755.8K
Short Term Debt	3.7M	1.1M	575.3K	6.0M	156.1K	148.3K
Other Current Assets	215.3K	200.2K	178.6K	201.6K	266.0K	431.5K
Non Current Liabilities Total	9.9M	10.4M	9.9M	(1.4K)	7.8M	6.5M
Short Term Investments	49.8K	1.5M	839.9K	4.2K	572.4K	543.8K
Common Stock	139.7M	143.2M	159.2M	168.0K	184.5M	127.9M
Other Liab	3.6M	4.0M	3.7M	3.8M	4.4M	3.7M
Net Tangible Assets	71.6M	76.9M	78.7M	87.2M	100.2M	80.8M
Other Assets	474.9K	465.6K	463.6K	495.26	445.73	423.45
Long Term Debt	6.0M	6.2M	6.2M	4.2M	4.8M	6.1M
Short Long Term Debt	3.7M	1.1M	575.3K	6.0M	156.1K	148.3K
Property Plant Equipment	84.6M	88.9M	86.8M	93.1M	107.1M	89.8M
Long Term Investments	1.0M	964.5K	548K	0.0	175.1K	166.4K
Long Term Debt Total	7.1M	8.7M	6.3M	6.4M	6.2M	0.0
Capital Surpluse	27.9M	29.1M	30.0M	30.7M	35.4M	31.4M
Net Invested Capital	81.7M	84.3M	85.5M	93.2M	101.0M	95.9M
Net Working Capital	(4.6M)	(3.1M)	823.1K	(2.6M)	4.8M	5.1M

Pair Trading with Laramide Resources

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Laramide Resources position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Laramide Resources will appreciate offsetting losses from the drop in the long position's value.

Moving together with Laramide Stock

0.83	ENB-PFV	Enbridge Pref 5	Pair Corr
0.76	ENB-PFU	Enbridge Pref L	Pair Corr

Moving against Laramide Stock

0.7	SLF-PG	Sun Life Non	Pair Corr
0.53	SAGE	Sage Potash Corp	Pair Corr
0.48	MFC-PC	Manulife Finl Srs	Pair Corr
0.44	SLF-PD	Sun Life Financial	Pair Corr
0.39	SLF-PC	Sun Life Financial	Pair Corr

The ability to find closely correlated positions to Laramide Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Laramide Resources when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Laramide Resources - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Laramide Resources to buy it.

The correlation of Laramide Resources is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Laramide Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Laramide Resources moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Laramide Resources can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Other Information on Investing in Laramide Stock

Balance Sheet is a snapshot of the financial position of Laramide Resources at a specified time, usually calculated after every quarter, six months, or one year. Laramide Resources Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Laramide Resources and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Laramide currently owns. An asset can also be divided into two categories, current and non-current.

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Laramide Asset Turnover vs Net Debt Analysis

Asset Turnover vs Net Debt

Asset Turnover vs Net Debt Correlation Analysis

Correlation Coefficient

Asset Turnover

Net Debt

Laramide Resources fundamental ratios Correlations

Laramide Resources Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Laramide Resources fundamental ratios Accounts

Pair Trading with Laramide Resources

Moving together with Laramide Stock

Moving against Laramide Stock

Other Information on Investing in Laramide Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Property Plant And Equipment Gross	+ 0.99	Total Assets
Property Plant And Equipment Net	+ 0.98	Total Stockholder Equity
Non Current Assets Total	+ 0.98	Total Stockholder Equity
Non Current Liabilities Total	+ 0.87	Total Liab
Total Liab	+ 0.86	Property Plant And Equipment Net

Non Current Assets Total	- 0.88	Retained Earnings
Retained Earnings	- 0.88	Property Plant And Equipment Net
Short Term Investments	- 0.87	Total Assets
Short Term Investments	- 0.86	Property Plant And Equipment Gross
Common Stock	- 0.86	Retained Earnings
Retained Earnings	- 0.85	Total Stockholder Equity