LithiumBank Other Current Liab vs Total Current Liabilities Analysis
| LBNK Stock | 0.26 0.02 7.14% |
LithiumBank Resources financial indicator trend analysis is infinitely more than just investigating LithiumBank Resources recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether LithiumBank Resources is a good investment. Please check the relationship between LithiumBank Resources Other Current Liab and its Total Current Liabilities accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in LithiumBank Resources 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 industry.
Other Current Liab vs Total Current Liabilities
Other Current Liab vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of LithiumBank Resources Other Current Liab account and Total Current Liabilities. At this time, the significance of the direction appears to have pay attention.
The correlation between LithiumBank Resources' Other Current Liab and Total Current Liabilities is -0.8. Overlapping area represents the amount of variation of Other Current Liab that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of LithiumBank Resources Corp, assuming nothing else is changed. The correlation between historical values of LithiumBank Resources' Other Current Liab 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 Other Current Liab of LithiumBank Resources Corp 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 Other Current Liab i.e., LithiumBank Resources' Other Current Liab and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | -0.8 |
| Relationship Direction | Negative |
| Relationship Strength | Significant |
Other Current Liab
Total Current Liabilities
Total Current Liabilities is an item on LithiumBank 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 LithiumBank Resources Corp 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 LithiumBank Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into LithiumBank 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 LithiumBank Resources 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 industry. Enterprise Value is likely to climb to about 40.8 M in 2024, whereas Selling General Administrative is likely to drop slightly above 2.8 M in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Income | 44.8K | 118.8K | 136.6K | 143.4K | Net Interest Income | 44.8K | 98.3K | 113.0K | 118.7K |
LithiumBank Resources fundamental ratios Correlations
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LithiumBank Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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When running LithiumBank Resources' price analysis, check to measure LithiumBank Resources' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy LithiumBank Resources is operating at the current time. Most of LithiumBank Resources' value examination focuses on studying past and present price action to predict the probability of LithiumBank Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move LithiumBank Resources' price. Additionally, you may evaluate how the addition of LithiumBank Resources to your portfolios can decrease your overall portfolio volatility.