Labrador Net Income vs Depreciation Analysis
| LIF Stock | CAD 29.66 0.24 0.82% |
Labrador Iron financial indicator trend analysis is infinitely more than just investigating Labrador Iron Ore recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Labrador Iron Ore is a good investment. Please check the relationship between Labrador Iron Net Income and its Depreciation accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Labrador Iron Ore. 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 Income vs Depreciation
Net Income vs Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Labrador Iron Ore Net Income account and Depreciation. At this time, the significance of the direction appears to have strong relationship.
The correlation between Labrador Iron's Net Income and Depreciation is 0.63. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Depreciation in the same time period over historical financial statements of Labrador Iron Ore, assuming nothing else is changed. The correlation between historical values of Labrador Iron's Net Income and Depreciation 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 Income of Labrador Iron Ore are associated (or correlated) with its Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation has no effect on the direction of Net Income i.e., Labrador Iron's Net Income and Depreciation go up and down completely randomly.
Correlation Coefficient | 0.63 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Labrador Iron Ore financial statement analysis. It represents the amount of money remaining after all of Labrador Iron Ore operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Depreciation
Depreciation indicates how much of Labrador Iron Ore value has been used up. For tax purposes Labrador Iron can deduct the cost of the tangible assets it purchases as business expenses. However, Labrador Iron Ore must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.Most indicators from Labrador Iron's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Labrador Iron Ore 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 Iron Ore. 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, Labrador Iron's Sales General And Administrative To Revenue is very stable compared to the past year. As of the 30th of November 2024, Enterprise Value Over EBITDA is likely to grow to 24.40, while Selling General Administrative is likely to drop about 2.5 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 217.7M | 179.8M | 194.1M | 108.9M | Total Revenue | 279.5M | 232.3M | 200.2M | 130.3M |
Labrador Iron fundamental ratios Correlations
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Labrador Iron Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Labrador Iron fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 743.0M | 823.2M | 789.3M | 825.8M | 837.0M | 686.3M | |
| Other Current Liab | 67.2M | 115.2M | 73.6M | 44.8M | 28.8M | 35.6M | |
| Total Current Liabilities | 85.8M | 133.4M | 103.0M | 54.1M | 40.3M | 45.7M | |
| Total Stockholder Equity | 537.3M | 566.4M | 564.1M | 637.5M | 659.3M | 483.6M | |
| Net Debt | (77.9M) | (106.1M) | (82.9M) | (39.9M) | (13.2M) | (12.5M) | |
| Retained Earnings | 230.0M | 262M | 257.8M | 324.8M | 347.9M | 365.3M | |
| Accounts Payable | 7.9M | 12.5M | 10.8M | 9.3M | 11.5M | 7.2M | |
| Cash | 77.9M | 106.1M | 82.9M | 39.9M | 13.2M | 12.5M | |
| Non Current Assets Total | 629.0M | 658.8M | 656.7M | 742.7M | 769.5M | 618.8M | |
| Non Currrent Assets Other | (247.7M) | (241.5M) | (656.7M) | (742.7M) | (668.5M) | (635.0M) | |
| Cash And Short Term Investments | 77.9M | 106.1M | 82.9M | 39.9M | 13.2M | 12.5M | |
| Net Receivables | 36.2M | 58.3M | 49.7M | 43.1M | 54.3M | 33.6M | |
| Liabilities And Stockholders Equity | 743.0M | 823.2M | 789.3M | 825.8M | 837.0M | 686.3M | |
| Other Stockholder Equity | (10.4M) | (13.3M) | (11.4M) | (5.1M) | (4.6M) | (4.3M) | |
| Total Liab | 205.7M | 256.9M | 225.3M | 188.3M | 177.7M | 202.7M | |
| Total Current Assets | 114.0M | 164.4M | 132.6M | 83.0M | 67.5M | 67.4M | |
| Non Current Liabilities Total | 119.8M | 123.4M | 122.2M | 134.2M | 137.4M | 118.7M | |
| Other Current Assets | 38K | 14.0K | 15K | 483K | 508.0K | 357.7K | |
| Accumulated Other Comprehensive Income | (10.4M) | (13.3M) | (11.4M) | (5.1M) | (6.3M) | (6.6M) | |
| Property Plant And Equipment Net | 247.7M | 241.5M | 235.3M | 228.9M | 222.9M | 204.2M | |
| Inventory | (129K) | (38K) | (14K) | (15K) | (483K) | 1.05 | |
| Intangible Assets | 247.7M | 241.5M | 235.3M | 228.9M | 206.0M | 206.6M | |
| Other Liab | 119.8M | 123.4M | 122.2M | 134.2M | 120.8M | 100.5M | |
| Net Tangible Assets | 537.3M | 566.4M | 564.1M | 637.5M | 733.1M | 636.2M | |
| Long Term Investments | 381.3M | 417.3M | 421.4M | 513.8M | 546.6M | 400.5M | |
| Net Invested Capital | 537.3M | 566.4M | 564.1M | 637.5M | 659.3M | 648.8M | |
| Net Working Capital | 28.2M | 31.0M | 29.6M | 28.9M | 27.2M | 29.0M |
Pair Trading with Labrador Iron
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 Labrador Iron 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 Labrador Iron will appreciate offsetting losses from the drop in the long position's value.Moving together with Labrador Stock
Moving against Labrador Stock
The ability to find closely correlated positions to Labrador Iron could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Labrador Iron 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 Labrador Iron - 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 Labrador Iron Ore to buy it.
The correlation of Labrador Iron 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 Labrador Iron moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Labrador Iron Ore 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 Labrador Iron 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.Other Information on Investing in Labrador Stock
Balance Sheet is a snapshot of the financial position of Labrador Iron Ore at a specified time, usually calculated after every quarter, six months, or one year. Labrador Iron Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Labrador Iron 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 Labrador currently owns. An asset can also be divided into two categories, current and non-current.