Snow Retained Earnings vs Net Debt Analysis

LITM Stock

USD 0.18 0.01 5.26%

Snow Lake financial indicator trend analysis is much more than just breaking down Snow Lake Resources prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Snow Lake Resources is a good investment. Please check the relationship between Snow Lake Retained Earnings and its Net Debt accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Snow Lake 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 estimate.

Retained Earnings vs Net Debt

Retained Earnings vs Net Debt Correlation Analysis

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

The correlation between Snow Lake's Retained Earnings and Net Debt is 0.28. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Net Debt in the same time period over historical financial statements of Snow Lake Resources, assuming nothing else is changed. The correlation between historical values of Snow Lake's Retained Earnings 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 Retained Earnings of Snow Lake 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 Retained Earnings i.e., Snow Lake's Retained Earnings and Net Debt go up and down completely randomly.

Correlation Coefficient

0.28

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

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 Snow Lake's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Snow Lake 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 Snow Lake 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 estimate.

As of the 27th of November 2024, Selling General Administrative is likely to grow to about 14.7 M, while Issuance Of Capital Stock is likely to drop 0.00.

	2021	2022	2023	2024 (projected)
Interest Expense	177.2K	15.4K	17.7K	16.9K
Depreciation And Amortization	10.6M	2.6K	3.0K	2.9K

Interest Expense Depreciation And Amortization

Snow Lake fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	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 Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Net Invested Capital	Short Long Term Debt	Total Current Assets	Capital Stock	Net Working Capital	Short Term Debt	Common Stock
Total Assets		-0.44	0.84	0.84	1.0	0.93	0.84	-0.77	-0.81	0.92	0.76	0.84	0.76	0.81	0.86	0.62	0.93	0.9	0.82	1.0	-0.06	0.81	0.92	0.74	-0.45	0.97
Short Long Term Debt Total	-0.44		-0.4	-0.25	-0.43	-0.56	-0.53	0.13	0.58	-0.35	-0.11	-0.53	-0.11	-0.22	-0.54	-0.28	-0.52	-0.48	-0.4	-0.42	0.74	-0.17	-0.55	-0.12	1.0	-0.51
Other Current Liab	0.84	-0.4		0.98	0.81	0.86	0.91	-0.4	-0.9	0.97	0.39	0.91	0.39	0.63	0.88	0.42	0.87	0.98	0.94	0.81	0.06	0.45	0.86	0.34	-0.43	0.9
Total Current Liabilities	0.84	-0.25	0.98		0.81	0.85	0.86	-0.44	-0.87	0.98	0.43	0.86	0.43	0.65	0.84	0.45	0.87	0.96	0.92	0.81	0.22	0.5	0.85	0.38	-0.29	0.88
Total Stockholder Equity	1.0	-0.43	0.81	0.81		0.91	0.8	-0.81	-0.78	0.9	0.8	0.8	0.8	0.84	0.83	0.6	0.91	0.87	0.78	1.0	-0.09	0.84	0.91	0.78	-0.45	0.95
Net Tangible Assets	0.93	-0.56	0.86	0.85	0.91		0.89	-0.54	-0.95	0.89	0.52	0.89	0.52	0.6	0.9	0.76	1.0	0.91	0.88	0.89	0.01	0.62	1.0	0.5	-0.57	0.95
Property Plant And Equipment Net	0.84	-0.53	0.91	0.86	0.8	0.89		-0.3	-0.94	0.85	0.29	1.0	0.29	0.44	1.0	0.62	0.89	0.95	0.98	0.8	-0.02	0.35	0.89	0.25	-0.55	0.95
Net Debt	-0.77	0.13	-0.4	-0.44	-0.81	-0.54	-0.3		0.28	-0.6	-1.0	-0.3	-1.0	-0.91	-0.35	-0.31	-0.55	-0.46	-0.29	-0.81	0.13	-0.99	-0.53	-1.0	0.14	-0.58
Retained Earnings	-0.81	0.58	-0.9	-0.87	-0.78	-0.95	-0.94	0.28		-0.86	-0.26	-0.94	-0.26	-0.41	-0.93	-0.71	-0.95	-0.92	-0.94	-0.76	-0.05	-0.37	-0.96	-0.23	0.59	-0.9
Accounts Payable	0.92	-0.35	0.97	0.98	0.9	0.89	0.85	-0.6	-0.86		0.59	0.85	0.59	0.78	0.84	0.46	0.91	0.97	0.88	0.9	0.07	0.65	0.9	0.54	-0.38	0.92
Cash	0.76	-0.11	0.39	0.43	0.8	0.52	0.29	-1.0	-0.26	0.59		0.29	1.0	0.91	0.34	0.3	0.53	0.45	0.27	0.8	-0.12	0.99	0.51	1.0	-0.11	0.57
Non Current Assets Total	0.84	-0.53	0.91	0.86	0.8	0.89	1.0	-0.3	-0.94	0.85	0.29		0.29	0.44	1.0	0.62	0.89	0.95	0.98	0.8	-0.02	0.35	0.89	0.25	-0.55	0.95
Cash And Short Term Investments	0.76	-0.11	0.39	0.43	0.8	0.52	0.29	-1.0	-0.26	0.59	1.0	0.29		0.91	0.34	0.3	0.53	0.45	0.27	0.8	-0.12	0.99	0.51	1.0	-0.11	0.57
Net Receivables	0.81	-0.22	0.63	0.65	0.84	0.6	0.44	-0.91	-0.41	0.78	0.91	0.44	0.91		0.45	0.13	0.6	0.65	0.44	0.83	-0.19	0.91	0.59	0.88	-0.24	0.67
Common Stock Shares Outstanding	0.86	-0.54	0.88	0.84	0.83	0.9	1.0	-0.35	-0.93	0.84	0.34	1.0	0.34	0.45		0.66	0.9	0.94	0.97	0.83	-0.04	0.4	0.9	0.31	-0.55	0.96
Non Current Liabilities Total	0.62	-0.28	0.42	0.45	0.6	0.76	0.62	-0.31	-0.71	0.46	0.3	0.62	0.3	0.13	0.66		0.76	0.5	0.6	0.59	0.3	0.4	0.76	0.31	-0.26	0.64
Inventory	0.93	-0.52	0.87	0.87	0.91	1.0	0.89	-0.55	-0.95	0.91	0.53	0.89	0.53	0.6	0.9	0.76		0.92	0.88	0.9	0.05	0.63	1.0	0.51	-0.54	0.95
Other Current Assets	0.9	-0.48	0.98	0.96	0.87	0.91	0.95	-0.46	-0.92	0.97	0.45	0.95	0.45	0.65	0.94	0.5	0.92		0.96	0.87	-0.01	0.51	0.91	0.4	-0.51	0.96
Total Liab	0.82	-0.4	0.94	0.92	0.78	0.88	0.98	-0.29	-0.94	0.88	0.27	0.98	0.27	0.44	0.97	0.6	0.88	0.96		0.79	0.13	0.34	0.88	0.23	-0.42	0.93
Net Invested Capital	1.0	-0.42	0.81	0.81	1.0	0.89	0.8	-0.81	-0.76	0.9	0.8	0.8	0.8	0.83	0.83	0.59	0.9	0.87	0.79		-0.09	0.84	0.89	0.78	-0.43	0.95
Short Long Term Debt	-0.06	0.74	0.06	0.22	-0.09	0.01	-0.02	0.13	-0.05	0.07	-0.12	-0.02	-0.12	-0.19	-0.04	0.3	0.05	-0.01	0.13	-0.09		-0.08	0.02	-0.15	0.73	-0.06
Total Current Assets	0.81	-0.17	0.45	0.5	0.84	0.62	0.35	-0.99	-0.37	0.65	0.99	0.35	0.99	0.91	0.4	0.4	0.63	0.51	0.34	0.84	-0.08		0.61	0.98	-0.17	0.63
Capital Stock	0.92	-0.55	0.86	0.85	0.91	1.0	0.89	-0.53	-0.96	0.9	0.51	0.89	0.51	0.59	0.9	0.76	1.0	0.91	0.88	0.89	0.02	0.61		0.49	-0.56	0.95
Net Working Capital	0.74	-0.12	0.34	0.38	0.78	0.5	0.25	-1.0	-0.23	0.54	1.0	0.25	1.0	0.88	0.31	0.31	0.51	0.4	0.23	0.78	-0.15	0.98	0.49		-0.12	0.54
Short Term Debt	-0.45	1.0	-0.43	-0.29	-0.45	-0.57	-0.55	0.14	0.59	-0.38	-0.11	-0.55	-0.11	-0.24	-0.55	-0.26	-0.54	-0.51	-0.42	-0.43	0.73	-0.17	-0.56	-0.12		-0.53
Common Stock	0.97	-0.51	0.9	0.88	0.95	0.95	0.95	-0.58	-0.9	0.92	0.57	0.95	0.57	0.67	0.96	0.64	0.95	0.96	0.93	0.95	-0.06	0.63	0.95	0.54	-0.53

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Snow Lake Account Relationship Matchups

Snow Lake fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	5.6M	6.1M	37.1M	26.4M	29.9M	20.3M
Short Long Term Debt Total	205.6K	659.5K	201.2K	61.0K	31.1K	29.6K
Other Current Liab	(137.9K)	409.9K	1.0M	2.3M	1.4M	936.0K
Total Current Liabilities	343.7K	1.4M	1.8M	3.1M	1.9M	1.6M
Total Stockholder Equity	5.2M	4.8M	35.3M	23.3M	25.5M	18.2M
Property Plant And Equipment Net	5.4M	5.7M	12.1M	21.5M	26.6M	14.0M
Net Debt	62.6K	340.7K	(23.6M)	(3.8M)	(2.5M)	(2.6M)
Retained Earnings	(1.7M)	(2.3M)	(10.5M)	(24.6M)	(26.5M)	(25.2M)
Accounts Payable	138.1K	262.1K	568.1K	722.4K	470.2K	423.8K
Cash	143.1K	318.8K	23.8M	3.8M	2.5M	2.4M
Non Current Assets Total	5.4M	5.7M	12.1M	21.5M	26.6M	14.0M
Cash And Short Term Investments	143.1K	318.8K	23.8M	3.8M	2.5M	2.4M
Net Receivables	10.6K	10.6K	304.5K	191.5K	40.7K	38.7K
Liabilities And Stockholders Equity	5.6M	6.1M	37.1M	26.4M	29.9M	20.3M
Non Current Liabilities Total	343.7K	921.7K	1.4M	31.1K	2.5M	2.6M
Other Current Assets	11.39	68.0K	483.3K	883.9K	706.6K	392.7K
Total Liab	343.7K	1.4M	1.8M	3.9M	4.4M	2.2M
Net Invested Capital	5.4M	5.4M	35.5M	23.3M	26.8M	16.6M
Total Current Assets	154.5K	397.5K	25.0M	4.9M	3.3M	6.3M
Accumulated Other Comprehensive Income	1.2M	1.3M	6.1M	6.5M	7.5M	7.9M
Capital Stock	5.7M	5.8M	39.7M	40.6M	46.7M	49.0M
Net Working Capital	(189.3K)	(977.4K)	23.2M	1.9M	2.1M	2.0M
Short Term Debt	205.6K	659.5K	201.2K	29.9K	31.1K	29.6K
Common Stock	5.7M	5.8M	39.7M	40.6M	50.1M	27.1M

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When determining whether Snow Lake Resources is a strong investment it is important to analyze Snow Lake's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Snow Lake's future performance. For an informed investment choice regarding Snow Stock, refer to the following important reports:

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You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.

Is Diversified Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Snow Lake. If investors know Snow will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Snow Lake listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Earnings Share

(0.24)

Return On Assets

(0.13)

Return On Equity

(0.29)

The market value of Snow Lake Resources is measured differently than its book value, which is the value of Snow that is recorded on the company's balance sheet. Investors also form their own opinion of Snow Lake's value that differs from its market value or its book value, called intrinsic value, which is Snow Lake's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Snow Lake's market value can be influenced by many factors that don't directly affect Snow Lake's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Snow Lake's value and its price as these two are different measures arrived at by different means. Investors typically determine if Snow Lake is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Snow Lake's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Snow Retained Earnings vs Net Debt Analysis

Retained Earnings vs Net Debt

Retained Earnings vs Net Debt Correlation Analysis

Correlation Coefficient

Retained Earnings

Net Debt

Snow Lake fundamental ratios Correlations

Snow Lake Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Snow Lake fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

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Total Stockholder Equity	+ 1.0	Total Assets
Net Invested Capital	+ 1.0	Total Assets
Short Term Debt	+ 1.0	Short Long Term Debt Total
Net Invested Capital	+ 1.0	Total Stockholder Equity
Inventory	+ 1.0	Net Tangible Assets
Capital Stock	+ 1.0	Net Tangible Assets

Net Working Capital	- 1.0	Net Debt
Cash And Short Term Investments	- 1.0	Net Debt
Cash	- 1.0	Net Debt
Total Current Assets	- 0.99	Net Debt
Capital Stock	- 0.96	Retained Earnings
Inventory	- 0.95	Retained Earnings