Canada Non Currrent Assets Other vs Total Current Liabilities Analysis

LL Stock  CAD 0.03  0.01  25.00%   
Canada Rare financial indicator trend analysis is way more than just evaluating Canada Rare Earth prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Canada Rare Earth is a good investment. Please check the relationship between Canada Rare Non Currrent Assets Other and its Total Current Liabilities accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Canada Rare Earth. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

Non Currrent Assets Other vs Total Current Liabilities

Non Currrent Assets Other vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Canada Rare Earth Non Currrent Assets Other account and Total Current Liabilities. At this time, the significance of the direction appears to have pay attention.
The correlation between Canada Rare's Non Currrent Assets Other and Total Current Liabilities is -0.92. Overlapping area represents the amount of variation of Non Currrent Assets Other that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Canada Rare Earth, assuming nothing else is changed. The correlation between historical values of Canada Rare's Non Currrent Assets Other and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Currrent Assets Other of Canada Rare Earth are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Non Currrent Assets Other i.e., Canada Rare's Non Currrent Assets Other and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

-0.92
Relationship DirectionNegative 
Relationship StrengthSignificant

Non Currrent Assets Other

Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.

Total Current Liabilities

Total Current Liabilities is an item on Canada Rare balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Canada Rare Earth are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
Most indicators from Canada Rare's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Canada Rare Earth 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 Canada Rare Earth. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
At this time, Canada Rare's Enterprise Value Over EBITDA is fairly stable compared to the past year. Enterprise Value Multiple is likely to climb to 33.47 in 2024, whereas Selling General Administrative is likely to drop slightly above 829.3 K in 2024.

Canada Rare fundamental ratios Correlations

-0.380.910.92-0.180.25-0.42-0.090.90.86-0.05-0.190.75-0.350.83-0.2-0.37-0.180.850.23-0.1-0.120.660.59-0.110.51
-0.38-0.72-0.510.65-0.680.80.45-0.59-0.320.730.73-0.310.990.060.860.640.81-0.39-0.730.840.65-0.67-0.49-0.21-0.92
0.91-0.720.92-0.40.47-0.65-0.310.940.77-0.34-0.450.68-0.70.57-0.53-0.53-0.480.810.49-0.44-0.350.790.650.00.78
0.92-0.510.92-0.430.35-0.58-0.070.830.89-0.29-0.40.72-0.510.71-0.41-0.39-0.390.870.32-0.36-0.30.830.52-0.060.59
-0.180.65-0.4-0.43-0.350.64-0.24-0.23-0.390.940.56-0.350.620.030.790.230.87-0.25-0.340.680.53-0.52-0.02-0.29-0.52
0.25-0.680.470.35-0.35-0.69-0.270.280.32-0.42-0.92-0.02-0.650.1-0.53-0.65-0.510.330.98-0.47-0.890.720.67-0.050.75
-0.420.8-0.65-0.580.64-0.690.01-0.52-0.430.670.76-0.410.77-0.10.670.740.66-0.36-0.660.650.74-0.74-0.38-0.41-0.9
-0.090.45-0.31-0.07-0.24-0.270.01-0.320.17-0.080.160.210.520.230.330.080.16-0.15-0.390.320.05-0.14-0.390.25-0.35
0.9-0.590.940.83-0.230.28-0.52-0.320.61-0.13-0.20.75-0.570.51-0.36-0.43-0.310.650.32-0.28-0.140.660.60.020.69
0.86-0.320.770.89-0.390.32-0.430.170.61-0.27-0.370.58-0.280.87-0.23-0.34-0.270.930.25-0.18-0.260.660.47-0.130.39
-0.050.73-0.34-0.290.94-0.420.67-0.08-0.13-0.270.62-0.170.710.170.840.350.88-0.19-0.430.790.59-0.41-0.03-0.31-0.57
-0.190.73-0.45-0.40.56-0.920.760.16-0.2-0.370.620.00.71-0.030.640.630.63-0.34-0.910.660.93-0.77-0.54-0.04-0.73
0.75-0.310.680.72-0.35-0.02-0.410.210.750.58-0.170.0-0.260.52-0.18-0.36-0.230.48-0.07-0.2-0.010.490.120.380.45
-0.350.99-0.7-0.510.62-0.650.770.52-0.57-0.280.710.71-0.260.10.870.590.79-0.38-0.710.860.63-0.66-0.46-0.18-0.9
0.830.060.570.710.030.1-0.10.230.510.870.17-0.030.520.10.15-0.170.120.820.020.26-0.010.410.4-0.260.08
-0.20.86-0.53-0.410.79-0.530.670.33-0.36-0.230.840.64-0.180.870.150.260.98-0.29-0.580.740.58-0.56-0.23-0.12-0.7
-0.370.64-0.53-0.390.23-0.650.740.08-0.43-0.340.350.63-0.360.59-0.170.260.23-0.3-0.610.560.66-0.55-0.48-0.34-0.77
-0.180.81-0.48-0.390.87-0.510.660.16-0.31-0.270.880.63-0.230.790.120.980.23-0.27-0.550.690.58-0.54-0.18-0.15-0.65
0.85-0.390.810.87-0.250.33-0.36-0.150.650.93-0.19-0.340.48-0.380.82-0.29-0.3-0.270.29-0.22-0.20.610.5-0.170.42
0.23-0.730.490.32-0.340.98-0.66-0.390.320.25-0.43-0.91-0.07-0.710.02-0.58-0.61-0.550.29-0.5-0.850.70.73-0.110.76
-0.10.84-0.44-0.360.68-0.470.650.32-0.28-0.180.790.66-0.20.860.260.740.560.69-0.22-0.50.6-0.52-0.17-0.32-0.7
-0.120.65-0.35-0.30.53-0.890.740.05-0.14-0.260.590.93-0.010.63-0.010.580.660.58-0.2-0.850.6-0.69-0.43-0.11-0.69
0.66-0.670.790.83-0.520.72-0.74-0.140.660.66-0.41-0.770.49-0.660.41-0.56-0.55-0.540.610.7-0.52-0.690.67-0.080.76
0.59-0.490.650.52-0.020.67-0.38-0.390.60.47-0.03-0.540.12-0.460.4-0.23-0.48-0.180.50.73-0.17-0.430.67-0.510.54
-0.11-0.210.0-0.06-0.29-0.05-0.410.250.02-0.13-0.31-0.040.38-0.18-0.26-0.12-0.34-0.15-0.17-0.11-0.32-0.11-0.08-0.510.33
0.51-0.920.780.59-0.520.75-0.9-0.350.690.39-0.57-0.730.45-0.90.08-0.7-0.77-0.650.420.76-0.7-0.690.760.540.33
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Canada Rare Account Relationship Matchups

Canada Rare fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.5M603.1K1.2M2.3M2.0M2.9M
Total Current Liabilities1.4M661.6K1.4M1.7M1.9M2.0M
Total Stockholder Equity(46.0K)(183.5K)(532.2K)6.1K5.5K5.2K
Net Debt(164.2K)(30.6K)458.7K1.0M1.2M1.2M
Retained Earnings(25.1M)(25.7M)(26.8M)(26.6M)(23.9M)(22.7M)
Accounts Payable533.4K668.2K793.2K590.3K678.9K712.8K
Cash204.3K33.8K77.0K220.6K198.6K340.3K
Non Current Assets Total919.2K240.3K717.0K1.0M1.2M1.4M
Cash And Short Term Investments514.2K204.3K33.8K220.6K198.6K188.6K
Net Receivables197.8K5.4K324.7K574.2K660.3K693.3K
Common Stock Shares Outstanding200.1M204.2M205.6M209.7M241.2M253.3M
Liabilities And Stockholders Equity1.1M1.5M603.1K2.3M2.0M3.0M
Other Stockholder Equity8.3M8.3M8.5M8.8M10.1M11.6M
Total Liab1.6M786.6K1.7M2.3M2.6M2.7M
Total Current Assets600.5K362.8K478.5K1.3M1.1M2.1M
Short Long Term Debt Total1.1M40.1K3.3K1.2M1.4M1.5M
Other Current Liab324K1.3M658.4K590.3K678.9K465.3K
Short Term Debt1.1M36.8K3.3K1.1M1.2M1.3M
Net Tangible Assets(65.9K)(183.5K)(596.6K)(31.6K)(28.5K)(27.1K)
Other Current Assets323.6K73.3K59.7K464.8K534.5K561.2K
Common Stock16.8M17.0M17.5M17.6M20.2M16.2M
Accumulated Other Comprehensive Income8.3M8.3M8.5M9.0M10.4M8.9M
Intangible Assets19.9K1.064.4K37.8K34.0K32.3K
Non Current Liabilities Total179.3K125K349.4K602.7K693.1K388.2K
Short Long Term Debt410.4K1.1M535.7K1.0M1.2M713.1K
Other Liab250K176K125K436.4K392.7K207.9K
Net Invested Capital(46.0K)(183.5K)3.5K1.0M1.2M1.2M
Net Working Capital(785.9K)(298.9K)(899.9K)(406.4K)(365.7K)(384.0K)
Inventory(125.1K)250.3K59.7K453.1K521.1K547.1K
Capital Stock16.8M17.0M17.5M17.6M20.2M18.5M
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Canada Rare Earth. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.

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Please note, there is a significant difference between Canada Rare's value and its price as these two are different measures arrived at by different means. Investors typically determine if Canada Rare is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Canada Rare'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.