| LN Stock | | | CAD 0.54 0.03 5.26% |
Loncor Resources financial indicator trend analysis is infinitely more than just investigating Loncor Resources recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Loncor Resources is a good investment. Please check the relationship between Loncor Resources Income Before Tax and its Non Recurring accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Loncor 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.
Income Before Tax vs Non Recurring
Income Before Tax vs Non Recurring Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Loncor Resources Income Before Tax account and
Non Recurring. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Loncor Resources' Income Before Tax and Non Recurring is -0.34. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Non Recurring in the same time period over historical financial statements of Loncor Resources, assuming nothing else is changed. The correlation between historical values of Loncor Resources' Income Before Tax and Non Recurring is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Before Tax of Loncor Resources are associated (or correlated) with its Non Recurring. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Recurring has no effect on the direction of Income Before Tax i.e., Loncor Resources' Income Before Tax and Non Recurring go up and down completely randomly.
Correlation Coefficient | -0.34 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Loncor Resources income statement and is an important metric when analyzing Loncor Resources profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.
Non Recurring
Most indicators from Loncor Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Loncor 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 Loncor 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.
At this time, Loncor Resources'
Selling General Administrative is very stable compared to the past year. As of the 1st of March 2025,
Sales General And Administrative To Revenue is likely to grow to 595.18, while
Issuance Of Capital Stock is likely to drop about 1.7
M.
Loncor Resources fundamental ratios Correlations
Click cells to compare fundamentals
Loncor Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Loncor Resources fundamental ratios Accounts
Other Information on Investing in Loncor Stock
Balance Sheet is a snapshot of the
financial position of Loncor Resources at a specified time, usually calculated after every quarter, six months, or one year. Loncor Resources Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Loncor Resources 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 Loncor currently owns. An asset can also be divided into two categories, current and non-current.