Canada Short Term Debt vs Retained Earnings 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 Short Term Debt and its Retained Earnings 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.
Short Term Debt vs Retained Earnings
Short Term Debt vs Retained Earnings Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Canada Rare Earth Short Term Debt account and Retained Earnings. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Canada Rare's Short Term Debt and Retained Earnings is -0.51. Overlapping area represents the amount of variation of Short Term Debt that can explain the historical movement of Retained Earnings 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 Short Term Debt and Retained Earnings 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 Canada Rare Earth are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Short Term Debt i.e., Canada Rare's Short Term Debt and Retained Earnings go up and down completely randomly.
Correlation Coefficient | -0.51 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Short Term Debt
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.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
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Canada Rare Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Canada Rare fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.5M | 603.1K | 1.2M | 2.3M | 2.0M | 2.9M | |
Total Current Liabilities | 1.4M | 661.6K | 1.4M | 1.7M | 1.9M | 2.0M | |
Total Stockholder Equity | (46.0K) | (183.5K) | (532.2K) | 6.1K | 5.5K | 5.2K | |
Net Debt | (164.2K) | (30.6K) | 458.7K | 1.0M | 1.2M | 1.2M | |
Retained Earnings | (25.1M) | (25.7M) | (26.8M) | (26.6M) | (23.9M) | (22.7M) | |
Accounts Payable | 533.4K | 668.2K | 793.2K | 590.3K | 678.9K | 712.8K | |
Cash | 204.3K | 33.8K | 77.0K | 220.6K | 198.6K | 340.3K | |
Non Current Assets Total | 919.2K | 240.3K | 717.0K | 1.0M | 1.2M | 1.4M | |
Cash And Short Term Investments | 514.2K | 204.3K | 33.8K | 220.6K | 198.6K | 188.6K | |
Net Receivables | 197.8K | 5.4K | 324.7K | 574.2K | 660.3K | 693.3K | |
Common Stock Shares Outstanding | 200.1M | 204.2M | 205.6M | 209.7M | 241.2M | 253.3M | |
Liabilities And Stockholders Equity | 1.1M | 1.5M | 603.1K | 2.3M | 2.0M | 3.0M | |
Other Stockholder Equity | 8.3M | 8.3M | 8.5M | 8.8M | 10.1M | 11.6M | |
Total Liab | 1.6M | 786.6K | 1.7M | 2.3M | 2.6M | 2.7M | |
Total Current Assets | 600.5K | 362.8K | 478.5K | 1.3M | 1.1M | 2.1M | |
Short Long Term Debt Total | 1.1M | 40.1K | 3.3K | 1.2M | 1.4M | 1.5M | |
Other Current Liab | 324K | 1.3M | 658.4K | 590.3K | 678.9K | 465.3K | |
Short Term Debt | 1.1M | 36.8K | 3.3K | 1.1M | 1.2M | 1.3M | |
Net Tangible Assets | (65.9K) | (183.5K) | (596.6K) | (31.6K) | (28.5K) | (27.1K) | |
Other Current Assets | 323.6K | 73.3K | 59.7K | 464.8K | 534.5K | 561.2K | |
Common Stock | 16.8M | 17.0M | 17.5M | 17.6M | 20.2M | 16.2M | |
Accumulated Other Comprehensive Income | 8.3M | 8.3M | 8.5M | 9.0M | 10.4M | 8.9M | |
Intangible Assets | 19.9K | 1.0 | 64.4K | 37.8K | 34.0K | 32.3K | |
Non Current Liabilities Total | 179.3K | 125K | 349.4K | 602.7K | 693.1K | 388.2K | |
Short Long Term Debt | 410.4K | 1.1M | 535.7K | 1.0M | 1.2M | 713.1K | |
Other Liab | 250K | 176K | 125K | 436.4K | 392.7K | 207.9K | |
Net Invested Capital | (46.0K) | (183.5K) | 3.5K | 1.0M | 1.2M | 1.2M | |
Net Working Capital | (785.9K) | (298.9K) | (899.9K) | (406.4K) | (365.7K) | (384.0K) | |
Inventory | (125.1K) | 250.3K | 59.7K | 453.1K | 521.1K | 547.1K | |
Capital Stock | 16.8M | 17.0M | 17.5M | 17.6M | 20.2M | 18.5M |
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 Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
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