American Net Tangible Assets vs Total Stockholder Equity Analysis

LI Stock

CAD 0.99 0.03 2.94%

American Lithium financial indicator trend analysis is way more than just evaluating American Lithium Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether American Lithium Corp is a good investment. Please check the relationship between American Lithium Net Tangible Assets and its Total Stockholder Equity accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in American 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.

Net Tangible Assets vs Total Stockholder Equity

Net Tangible Assets vs Total Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of American Lithium Corp Net Tangible Assets account and Total Stockholder Equity. At this time, the significance of the direction appears to have strong relationship.

The correlation between American Lithium's Net Tangible Assets and Total Stockholder Equity is 0.67. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of American Lithium Corp, assuming nothing else is changed. The correlation between historical values of American Lithium's Net Tangible Assets and Total Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Tangible Assets of American Lithium Corp are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Net Tangible Assets i.e., American Lithium's Net Tangible Assets and Total Stockholder Equity go up and down completely randomly.

Correlation Coefficient

0.67

Relationship Direction	Positive
Relationship Strength	Significant

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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.

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

Most indicators from American Lithium's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into American Lithium 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 American 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.

Selling General Administrative is likely to climb to about 21.4 M in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 1.8 M in 2024.

American Lithium fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Retained Earnings	Accounts Payable	Non Current Assets Total	Non Currrent Assets Other	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Total Liab	Total Current Assets	Common Stock	Net Debt	Cash	Cash And Short Term Investments	Other Current Liab	Other Stockholder Equity	Short Term Investments	Other Current Assets	Short Long Term Debt Total	Current Deferred Revenue	Inventory	Short Term Debt	Net Tangible Assets
Total Assets		0.9	1.0	0.66	-0.9	0.93	0.99	0.6	0.88	0.93	0.67	0.86	0.89	0.98	-0.68	0.66	0.87	-0.17	0.7	0.89	0.91	-0.17	0.41	0.41	-0.39	0.66
Total Current Liabilities	0.9		0.89	0.3	-0.97	0.98	0.93	0.86	0.96	0.94	0.84	0.99	0.66	0.95	-0.4	0.39	0.62	-0.2	0.35	0.63	0.94	-0.21	0.41	0.39	-0.4	0.3
Total Stockholder Equity	1.0	0.89		0.66	-0.89	0.93	0.99	0.6	0.88	0.92	0.66	0.85	0.9	0.98	-0.69	0.67	0.87	-0.17	0.7	0.89	0.91	-0.17	0.41	0.41	-0.39	0.67
Property Plant And Equipment Net	0.66	0.3	0.66		-0.36	0.39	0.57	-0.2	0.26	0.51	0.11	0.25	0.89	0.55	-0.92	0.9	0.9	0.12	0.99	0.89	0.36	0.16	0.23	0.31	0.01	1.0
Retained Earnings	-0.9	-0.97	-0.89	-0.36		-0.96	-0.92	-0.79	-0.94	-0.98	-0.84	-0.97	-0.67	-0.96	0.44	-0.43	-0.63	0.24	-0.42	-0.64	-0.94	0.19	-0.49	-0.47	0.43	-0.36
Accounts Payable	0.93	0.98	0.93	0.39	-0.96		0.96	0.81	0.98	0.93	0.74	0.94	0.7	0.97	-0.43	0.42	0.67	-0.29	0.44	0.7	0.97	-0.24	0.44	0.42	-0.45	0.39
Non Current Assets Total	0.99	0.93	0.99	0.57	-0.92	0.96		0.69	0.93	0.93	0.69	0.89	0.84	0.99	-0.59	0.57	0.8	-0.22	0.61	0.83	0.95	-0.22	0.42	0.41	-0.43	0.58
Non Currrent Assets Other	0.6	0.86	0.6	-0.2	-0.79	0.81	0.69		0.88	0.66	0.72	0.84	0.21	0.7	0.1	-0.11	0.16	-0.38	-0.14	0.21	0.82	-0.39	0.31	0.23	-0.52	-0.2
Net Receivables	0.88	0.96	0.88	0.26	-0.94	0.98	0.93	0.88		0.87	0.7	0.91	0.58	0.93	-0.27	0.25	0.53	-0.35	0.31	0.58	0.99	-0.36	0.4	0.36	-0.54	0.26
Common Stock Shares Outstanding	0.93	0.94	0.92	0.51	-0.98	0.93	0.93	0.66	0.87		0.83	0.94	0.78	0.97	-0.6	0.6	0.75	-0.16	0.57	0.75	0.89	-0.1	0.49	0.49	-0.34	0.52
Non Current Liabilities Total	0.67	0.84	0.66	0.11	-0.84	0.74	0.69	0.72	0.7	0.83		0.92	0.5	0.76	-0.37	0.39	0.47	-0.1	0.18	0.43	0.66	0.0	0.42	0.4	-0.2	0.13
Total Liab	0.86	0.99	0.85	0.25	-0.97	0.94	0.89	0.84	0.91	0.94	0.92		0.63	0.93	-0.4	0.4	0.59	-0.17	0.31	0.59	0.89	-0.15	0.43	0.41	-0.35	0.26
Total Current Assets	0.89	0.66	0.9	0.89	-0.67	0.7	0.84	0.21	0.58	0.78	0.5	0.63		0.82	-0.93	0.91	1.0	0.04	0.91	0.99	0.64	0.03	0.33	0.36	-0.16	0.9
Common Stock	0.98	0.95	0.98	0.55	-0.96	0.97	0.99	0.7	0.93	0.97	0.76	0.93	0.82		-0.6	0.59	0.79	-0.2	0.6	0.8	0.95	-0.17	0.46	0.46	-0.41	0.55
Net Debt	-0.68	-0.4	-0.69	-0.92	0.44	-0.43	-0.59	0.1	-0.27	-0.6	-0.37	-0.4	-0.93	-0.6		-1.0	-0.94	-0.18	-0.92	-0.89	-0.34	-0.31	-0.32	-0.4	-0.11	-0.93
Cash	0.66	0.39	0.67	0.9	-0.43	0.42	0.57	-0.11	0.25	0.6	0.39	0.4	0.91	0.59	-1.0		0.93	0.21	0.91	0.87	0.32	0.33	0.31	0.39	0.14	0.92
Cash And Short Term Investments	0.87	0.62	0.87	0.9	-0.63	0.67	0.8	0.16	0.53	0.75	0.47	0.59	1.0	0.79	-0.94	0.93		0.06	0.93	0.99	0.6	0.06	0.31	0.35	-0.13	0.92
Other Current Liab	-0.17	-0.2	-0.17	0.12	0.24	-0.29	-0.22	-0.38	-0.35	-0.16	-0.1	-0.17	0.04	-0.2	-0.18	0.21	0.06		0.13	0.02	-0.32	0.21	-0.62	-0.49	0.54	0.13
Other Stockholder Equity	0.7	0.35	0.7	0.99	-0.42	0.44	0.61	-0.14	0.31	0.57	0.18	0.31	0.91	0.6	-0.92	0.91	0.93	0.13		0.92	0.41	0.07	0.19	0.25	-0.06	0.99
Short Term Investments	0.89	0.63	0.89	0.89	-0.64	0.7	0.83	0.21	0.58	0.75	0.43	0.59	0.99	0.8	-0.89	0.87	0.99	0.02	0.92		0.65	-0.04	0.28	0.31	-0.21	0.9
Other Current Assets	0.91	0.94	0.91	0.36	-0.94	0.97	0.95	0.82	0.99	0.89	0.66	0.89	0.64	0.95	-0.34	0.32	0.6	-0.32	0.41	0.65		-0.38	0.39	0.35	-0.56	0.36
Short Long Term Debt Total	-0.17	-0.21	-0.17	0.16	0.19	-0.24	-0.22	-0.39	-0.36	-0.1	0.0	-0.15	0.03	-0.17	-0.31	0.33	0.06	0.21	0.07	-0.04	-0.38		0.28	0.45	0.86	0.17
Current Deferred Revenue	0.41	0.41	0.41	0.23	-0.49	0.44	0.42	0.31	0.4	0.49	0.42	0.43	0.33	0.46	-0.32	0.31	0.31	-0.62	0.19	0.28	0.39	0.28		0.94	-0.26	0.23
Inventory	0.41	0.39	0.41	0.31	-0.47	0.42	0.41	0.23	0.36	0.49	0.4	0.41	0.36	0.46	-0.4	0.39	0.35	-0.49	0.25	0.31	0.35	0.45	0.94		-0.05	0.3
Short Term Debt	-0.39	-0.4	-0.39	0.01	0.43	-0.45	-0.43	-0.52	-0.54	-0.34	-0.2	-0.35	-0.16	-0.41	-0.11	0.14	-0.13	0.54	-0.06	-0.21	-0.56	0.86	-0.26	-0.05		0.02
Net Tangible Assets	0.66	0.3	0.67	1.0	-0.36	0.39	0.58	-0.2	0.26	0.52	0.13	0.26	0.9	0.55	-0.93	0.92	0.92	0.13	0.99	0.9	0.36	0.17	0.23	0.3	0.02

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American Net Tangible Assets vs Total Stockholder Equity Analysis

Net Tangible Assets vs Total Stockholder Equity

Net Tangible Assets vs Total Stockholder Equity Correlation Analysis

Correlation Coefficient

Net Tangible Assets

Total Stockholder Equity

American Lithium fundamental ratios Correlations

American Lithium Account Relationship Matchups

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Total Stockholder Equity	+ 1.0	Total Assets
Net Tangible Assets	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Total Current Assets
Non Current Assets Total	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Current Liabilities
Non Current Assets Total	+ 0.99	Total Stockholder Equity

Cash	- 1.0	Net Debt
Common Stock Shares Outstanding	- 0.98	Retained Earnings
Total Liab	- 0.97	Retained Earnings
Retained Earnings	- 0.97	Total Current Liabilities
Common Stock	- 0.96	Retained Earnings
Accounts Payable	- 0.96	Retained Earnings