Lundin Short Term Debt vs Short Long Term Debt Total Analysis
LUN Stock | CAD 14.14 0.01 0.07% |
Lundin Mining financial indicator trend analysis is infinitely more than just investigating Lundin Mining recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Lundin Mining is a good investment. Please check the relationship between Lundin Mining Short Term Debt and its Short Long Term Debt Total accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lundin Mining. 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.
Short Term Debt vs Short Long Term Debt Total
Short Term Debt vs Short Long Term Debt Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Lundin Mining Short Term Debt account and Short Long Term Debt Total. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Lundin Mining's Short Term Debt and Short Long Term Debt Total is 0.51. Overlapping area represents the amount of variation of Short Term Debt that can explain the historical movement of Short Long Term Debt Total in the same time period over historical financial statements of Lundin Mining, assuming nothing else is changed. The correlation between historical values of Lundin Mining's Short Term Debt and Short Long Term Debt Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Debt of Lundin Mining are associated (or correlated) with its Short Long Term Debt Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Long Term Debt Total has no effect on the direction of Short Term Debt i.e., Lundin Mining's Short Term Debt and Short Long Term Debt Total go up and down completely randomly.
Correlation Coefficient | 0.51 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Short Term Debt
Short Long Term Debt Total
Most indicators from Lundin Mining's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Lundin Mining 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 Lundin Mining. 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, Lundin Mining's Discontinued Operations is very stable compared to the past year. As of the 23rd of November 2024, Issuance Of Capital Stock is likely to grow to about 18.4 M, while Selling General Administrative is likely to drop about 33.9 M.
2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 106.2M | 212.6M | 145.6M | 87.5M | EBITDA | 1.8B | 1.0B | 1.1B | 1.2B |
Lundin Mining fundamental ratios Correlations
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Lundin Mining Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Lundin Mining fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 6.9B | 7.1B | 7.6B | 8.2B | 10.9B | 11.4B | |
Short Long Term Debt Total | 308.5M | 203.0M | 31.0M | 197.3M | 1.5B | 1.6B | |
Other Current Liab | 172.9M | 194.6M | 407.9M | 267.2M | 317.3M | 333.1M | |
Total Current Liabilities | 605.4M | 587.4M | 787.5M | 950.1M | 1.2B | 1.3B | |
Total Stockholder Equity | 3.8B | 4.0B | 4.4B | 4.9B | 5.0B | 3.1B | |
Property Plant And Equipment Net | 5.1B | 5.1B | 5.1B | 6.0B | 7.7B | 8.1B | |
Current Deferred Revenue | 163.2M | 149.8M | 165.4M | 196.8M | 286.3M | 300.6M | |
Net Debt | 58.0M | 61.6M | (563.1M) | 5.9M | 1.2B | 1.3B | |
Retained Earnings | (178.3M) | (98.2M) | 437.2M | 592.4M | 627.9M | 659.3M | |
Accounts Payable | 188.4M | 126.0M | 199.5M | 315.9M | 393.8M | 413.5M | |
Cash | 250.6M | 141.4M | 594.1M | 191.4M | 268.8M | 341.9M | |
Non Current Assets Total | 6.0B | 6.2B | 6.1B | 7.0B | 9.1B | 9.5B | |
Non Currrent Assets Other | 601.9M | 758.7M | 789.3M | 736.8M | 919.8M | 965.8M | |
Other Assets | 710.8M | 821.4M | 801.3M | 740.7M | 851.8M | 894.4M | |
Cash And Short Term Investments | 250.6M | 141.4M | 594.1M | 191.4M | 268.8M | 343.0M | |
Net Receivables | 348.9M | 396.1M | 662.3M | 594.8M | 814.5M | 855.2M | |
Common Stock Shares Outstanding | 733.6M | 736.1M | 735.3M | 739.3M | 772.5M | 537.8M | |
Liabilities And Stockholders Equity | 6.9B | 7.1B | 7.6B | 8.2B | 10.9B | 11.4B | |
Non Current Liabilities Total | 2.0B | 2.0B | 1.9B | 1.8B | 3.2B | 3.4B | |
Other Stockholder Equity | 51.3M | 52.1M | 58.2M | 55.8M | 55.2M | 52.4M | |
Total Liab | 2.6B | 2.6B | 2.6B | 2.7B | 4.4B | 4.7B | |
Property Plant And Equipment Gross | 5.1B | 5.1B | 9.1B | 10.4B | 12.8B | 13.4B | |
Total Current Assets | 869.7M | 837.9M | 1.5B | 1.2B | 1.8B | 1.9B | |
Accumulated Other Comprehensive Income | (284.6M) | (177.2M) | (249.9M) | (342.3M) | (296.6M) | (281.8M) | |
Short Term Debt | 80.8M | 116.9M | 14.6M | 170.1M | 212.6M | 223.3M | |
Other Current Assets | 14.3M | 20.5M | 16.8M | 38.6M | 21.4M | 22.5M | |
Inventory | 216.5M | 254.0M | 227.4M | 296.7M | 599.4M | 629.4M | |
Short Term Investments | 17.1M | 14.4M | 60.5M | 33.2M | 29.9M | 28.4M | |
Other Liab | 1.8B | 1.9B | 1.8B | 1.8B | 2.0B | 1.2B | |
Net Tangible Assets | 3.5B | 3.7B | 4.2B | 4.6B | 5.3B | 3.8B | |
Long Term Debt | 198.9M | 86.1M | 2.5M | 13.4M | 1.0B | 1.1B | |
Good Will | 242.2M | 251.2M | 243.0M | 237.3M | 240.6M | 185.9M | |
Long Term Investments | 33.3M | 22.3M | 15.1M | 380K | 14.3M | 13.6M | |
Short Long Term Debt | 80.8M | 116.9M | 14.6M | 156.3M | 165.0M | 86.2M | |
Common Stock | 4.2B | 4.2B | 4.2B | 4.6B | 4.6B | 4.2B | |
Property Plant Equipment | 5.1B | 5.1B | 5.1B | 6.0B | 6.8B | 3.9B | |
Common Stock Total Equity | 4.2B | 4.2B | 4.2B | 4.2B | 4.8B | 4.3B | |
Long Term Debt Total | 227.8M | 86.1M | 16.4M | 27.2M | 24.5M | 23.2M | |
Capital Surpluse | 51.3M | 52.1M | 58.2M | 55.8M | 64.1M | 56.3M |
Pair Trading with Lundin Mining
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 Lundin Mining 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 Lundin Mining will appreciate offsetting losses from the drop in the long position's value.Moving together with Lundin Stock
The ability to find closely correlated positions to Lundin Mining could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Lundin Mining 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 Lundin Mining - 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 Lundin Mining to buy it.
The correlation of Lundin Mining 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 Lundin Mining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Lundin Mining 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 Lundin Mining 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 Lundin Stock
Balance Sheet is a snapshot of the financial position of Lundin Mining at a specified time, usually calculated after every quarter, six months, or one year. Lundin Mining Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Lundin Mining 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 Lundin currently owns. An asset can also be divided into two categories, current and non-current.