Lithium Cash And Short Term Investments vs Other Current Liab Analysis

LIT Stock

0.02 0 5.56%

Lithium Australia financial indicator trend analysis is infinitely more than just investigating Lithium Australia recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Lithium Australia is a good investment. Please check the relationship between Lithium Australia Cash And Short Term Investments and its Other Current Liab accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lithium Australia NL. 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.

Cash And Short Term Investments vs Other Current Liab

Cash And Short Term Investments vs Other Current Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Lithium Australia Cash And Short Term Investments account and Other Current Liab. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Lithium Australia's Cash And Short Term Investments and Other Current Liab is 0.44. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Other Current Liab in the same time period over historical financial statements of Lithium Australia NL, assuming nothing else is changed. The correlation between historical values of Lithium Australia's Cash And Short Term Investments and Other Current Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Short Term Investments of Lithium Australia NL are associated (or correlated) with its Other Current Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Liab has no effect on the direction of Cash And Short Term Investments i.e., Lithium Australia's Cash And Short Term Investments and Other Current Liab go up and down completely randomly.

Correlation Coefficient

0.44

Relationship Direction	Positive
Relationship Strength	Weak

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Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Lithium Australia balance sheet. This account contains Lithium Australia investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Lithium Australia NL fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

Other Current Liab

Most indicators from Lithium Australia's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Lithium Australia 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 Lithium Australia NL. 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 gain to about 11.1 M in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 2.9 M in 2024.

	2021	2022	2023	2024 (projected)
Total Operating Expenses	4.5M	2.5M	16.4M	17.2M
Cost Of Revenue	15.5M	15.2M	4.5M	4.1M

Total Operating Expenses Cost Of Revenue

Lithium Australia fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Common Stock	Other Current Assets	Property Plant Equipment	Non Currrent Assets Other	Net Tangible Assets	Inventory	Other Stockholder Equity	Long Term Investments	Other Assets
Total Assets		0.46	0.43	0.93	0.68	-0.7	-0.48	0.72	0.77	0.9	0.73	0.35	0.79	0.53	0.43	0.63	0.78	0.67	0.59	0.77	-0.38	0.95	0.21	-0.32	0.41	0.61
Other Current Liab	0.46		0.99	0.11	0.46	-0.15	-0.91	0.85	0.43	0.43	0.44	0.76	0.81	0.91	0.99	0.8	0.51	0.89	-0.07	0.28	0.37	0.61	0.76	-0.73	0.75	0.32
Total Current Liabilities	0.43	0.99		0.07	0.47	-0.06	-0.93	0.86	0.36	0.41	0.38	0.79	0.83	0.93	1.0	0.82	0.45	0.9	-0.08	0.32	0.43	0.6	0.77	-0.7	0.76	0.36
Total Stockholder Equity	0.93	0.11	0.07		0.56	-0.75	-0.15	0.45	0.71	0.82	0.65	0.08	0.54	0.21	0.08	0.36	0.67	0.38	0.69	0.72	-0.59	0.81	-0.09	-0.08	0.15	0.52
Property Plant And Equipment Net	0.68	0.46	0.47	0.56		-0.18	-0.54	0.76	0.3	0.6	0.29	0.5	0.71	0.57	0.47	0.73	0.36	0.65	0.62	0.77	-0.48	0.75	0.15	-0.23	0.6	0.69
Net Debt	-0.7	-0.15	-0.06	-0.75	-0.18		0.02	-0.27	-0.94	-0.41	-0.89	0.02	-0.26	-0.08	-0.06	0.01	-0.86	-0.2	-0.15	-0.14	0.46	-0.54	0.04	0.17	-0.04	-0.01
Retained Earnings	-0.48	-0.91	-0.93	-0.15	-0.54	0.02		-0.9	-0.27	-0.48	-0.38	-0.8	-0.89	-1.0	-0.94	-0.84	-0.47	-0.97	-0.03	-0.47	-0.41	-0.63	-0.81	0.73	-0.78	-0.47
Accounts Payable	0.72	0.85	0.86	0.45	0.76	-0.27	-0.9		0.51	0.62	0.57	0.72	0.94	0.92	0.86	0.86	0.64	0.95	0.22	0.63	0.04	0.83	0.61	-0.57	0.73	0.62
Cash	0.77	0.43	0.36	0.71	0.3	-0.94	-0.27	0.51		0.48	0.95	0.23	0.48	0.33	0.36	0.23	0.93	0.44	0.08	0.22	-0.32	0.68	0.15	-0.29	0.25	0.15
Non Current Assets Total	0.9	0.43	0.41	0.82	0.6	-0.41	-0.48	0.62	0.48		0.4	0.29	0.79	0.51	0.42	0.74	0.48	0.64	0.69	0.87	-0.19	0.86	0.28	-0.29	0.35	0.72
Cash And Short Term Investments	0.73	0.44	0.38	0.65	0.29	-0.89	-0.38	0.57	0.95	0.4		0.32	0.51	0.44	0.38	0.2	0.99	0.52	0.01	0.22	-0.22	0.66	0.23	-0.38	0.32	0.13
Net Receivables	0.35	0.76	0.79	0.08	0.5	0.02	-0.8	0.72	0.23	0.29	0.32		0.71	0.81	0.79	0.66	0.39	0.77	0.12	0.34	0.27	0.59	0.36	-0.54	0.95	0.32
Common Stock Total Equity	0.79	0.81	0.83	0.54	0.71	-0.26	-0.89	0.94	0.48	0.79	0.51	0.71		0.91	0.83	0.92	0.6	0.96	0.38	0.75	0.11	0.89	0.61	-0.59	0.7	0.68
Common Stock Shares Outstanding	0.53	0.91	0.93	0.21	0.57	-0.08	-1.0	0.92	0.33	0.51	0.44	0.81	0.91		0.94	0.84	0.53	0.98	0.07	0.49	0.37	0.68	0.78	-0.73	0.79	0.48
Total Liab	0.43	0.99	1.0	0.08	0.47	-0.06	-0.94	0.86	0.36	0.42	0.38	0.79	0.83	0.94		0.83	0.46	0.91	-0.08	0.32	0.43	0.6	0.78	-0.7	0.76	0.38
Property Plant And Equipment Gross	0.63	0.8	0.82	0.36	0.73	0.01	-0.84	0.86	0.23	0.74	0.2	0.66	0.92	0.84	0.83		0.3	0.88	0.41	0.74	0.15	0.76	0.6	-0.46	0.69	0.76
Total Current Assets	0.78	0.51	0.45	0.67	0.36	-0.86	-0.47	0.64	0.93	0.48	0.99	0.39	0.6	0.53	0.46	0.3		0.6	0.07	0.3	-0.18	0.73	0.3	-0.44	0.39	0.19
Common Stock	0.67	0.89	0.9	0.38	0.65	-0.2	-0.97	0.95	0.44	0.64	0.52	0.77	0.96	0.98	0.91	0.88	0.6		0.19	0.6	0.24	0.79	0.73	-0.7	0.77	0.56
Other Current Assets	0.59	-0.07	-0.08	0.69	0.62	-0.15	-0.03	0.22	0.08	0.69	0.01	0.12	0.38	0.07	-0.08	0.41	0.07	0.19		0.74	-0.55	0.59	-0.32	0.06	0.21	0.53
Property Plant Equipment	0.77	0.28	0.32	0.72	0.77	-0.14	-0.47	0.63	0.22	0.87	0.22	0.34	0.75	0.49	0.32	0.74	0.3	0.6	0.74		-0.29	0.79	0.16	-0.1	0.38	0.87
Non Currrent Assets Other	-0.38	0.37	0.43	-0.59	-0.48	0.46	-0.41	0.04	-0.32	-0.19	-0.22	0.27	0.11	0.37	0.43	0.15	-0.18	0.24	-0.55	-0.29		-0.25	0.64	-0.43	0.11	-0.19
Net Tangible Assets	0.95	0.61	0.6	0.81	0.75	-0.54	-0.63	0.83	0.68	0.86	0.66	0.59	0.89	0.68	0.6	0.76	0.73	0.79	0.59	0.79	-0.25		0.25	-0.39	0.61	0.64
Inventory	0.21	0.76	0.77	-0.09	0.15	0.04	-0.81	0.61	0.15	0.28	0.23	0.36	0.61	0.78	0.78	0.6	0.3	0.73	-0.32	0.16	0.64	0.25		-0.72	0.34	0.22
Other Stockholder Equity	-0.32	-0.73	-0.7	-0.08	-0.23	0.17	0.73	-0.57	-0.29	-0.29	-0.38	-0.54	-0.59	-0.73	-0.7	-0.46	-0.44	-0.7	0.06	-0.1	-0.43	-0.39	-0.72		-0.48	0.13
Long Term Investments	0.41	0.75	0.76	0.15	0.6	-0.04	-0.78	0.73	0.25	0.35	0.32	0.95	0.7	0.79	0.76	0.69	0.39	0.77	0.21	0.38	0.11	0.61	0.34	-0.48		0.39
Other Assets	0.61	0.32	0.36	0.52	0.69	-0.01	-0.47	0.62	0.15	0.72	0.13	0.32	0.68	0.48	0.38	0.76	0.19	0.56	0.53	0.87	-0.19	0.64	0.22	0.13	0.39

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Lithium Australia Account Relationship Matchups

Lithium Australia fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	27.9M	32.6M	21.9M	25.1M	18.5M	15.1M
Other Current Liab	1.2M	7.5M	7.2M	4.9M	9.8M	10.3M
Total Current Liabilities	3.0M	8.6M	9.5M	7.1M	14.7M	15.4M
Total Stockholder Equity	24.7M	25.0M	11.9M	18.2M	4.2M	4.0M
Property Plant And Equipment Net	831.1K	2.0M	3.6M	3.0M	3.3M	3.4M
Net Debt	(2.7M)	(10.6M)	(3.1M)	(7.8M)	(543.8K)	(571.0K)
Retained Earnings	(40.2M)	(58.2M)	(78.5M)	(84.7M)	(96.5M)	(91.7M)
Accounts Payable	489.2K	698.3K	934.4K	971.8K	1.0M	1.1M
Cash	3.7M	11.4M	4.8M	9.0M	4.7M	5.3M
Non Current Assets Total	22.3M	19.1M	14.2M	7.7M	10.4M	7.1M
Cash And Short Term Investments	4.2M	11.6M	5.9M	15.6M	5.9M	6.1M
Net Receivables	315.7K	432.0K	597.3K	931.6K	1.2M	1.3M
Common Stock Shares Outstanding	558.2M	809.5M	1.0B	1.2B	1.2B	1.3B
Liabilities And Stockholders Equity	27.9M	32.6M	21.9M	25.1M	18.5M	15.1M
Total Liab	3.3M	9.0M	10.7M	7.7M	15.1M	15.9M
Property Plant And Equipment Gross	6.4M	5.8M	9.2M	3.2M	8.7M	9.1M
Total Current Assets	5.6M	13.4M	7.7M	17.4M	8.0M	6.8M
Common Stock	60.6M	81.1M	88.5M	99.8M	99.8M	104.8M
Other Current Assets	755.1K	666.3K	399.4K	76.7K	143.4K	136.2K
Accumulated Other Comprehensive Income	4.3M	2.1M	1.9M	3.0M	868.9K	1.7M
Property Plant Equipment	6.4M	2.1M	3.8M	3.2M	3.6M	2.2M
Non Currrent Assets Other	(15.2M)	(16.2M)	5.5M	144K	7.1M	7.5M
Net Tangible Assets	18.4M	20.4M	15.8M	17.0M	19.6M	15.6M
Inventory	281.7K	720.9K	833.0K	733.7K	772.6K	811.2K
Other Stockholder Equity	(894.0K)	1.0	(22.8M)	(15.1M)	(13.6M)	(12.9M)
Long Term Investments	1.2M	464.9K	2.4M	4.4M	5.1M	5.3M
Other Assets	9.3M	1.0	10.1M	3.4M	3.9M	5.7M
Short Term Investments	506.6K	230.4K	1.0M	6.6M	1.2M	1.6M
Deferred Long Term Liab	8.7M	9.3M	10.1M	3.4M	3.9M	7.1M
Intangible Assets	15.5M	14.6M	6.1M	4.6M	7.1M	8.1M
Long Term Debt Total	210.5K	397.7K	1.2M	616.2K	708.7K	375.7K
Net Invested Capital	25.7M	25.0M	11.9M	18.2M	7.3M	7.0M
Net Working Capital	2.6M	4.9M	(1.8M)	10.3M	(6.7M)	(6.3M)
Short Long Term Debt Total	1.0M	793.5K	1.8M	1.3M	4.2M	2.1M
Current Deferred Revenue	624.2K	1.2M	821.5K	573.2K	1.0	1.05
Capital Stock	62.2M	81.1M	88.5M	99.8M	99.8M	89.4M

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