000830 Stock | | | 11.53 0.13 1.14% |
Luxi Chemical financial indicator trend analysis is infinitely more than just investigating Luxi Chemical Group recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Luxi Chemical Group is a good investment. Please check the relationship between Luxi Chemical Long Term Debt and its Accounts Payable accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Luxi Chemical Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in nation.
Long Term Debt vs Accounts Payable
Long Term Debt vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Luxi Chemical Group Long Term Debt account and
Accounts Payable. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Luxi Chemical's Long Term Debt and Accounts Payable is 0.15. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Luxi Chemical Group, assuming nothing else is changed. The correlation between historical values of Luxi Chemical's Long Term Debt and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of Luxi Chemical Group are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Long Term Debt i.e., Luxi Chemical's Long Term Debt and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 0.15 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Long Term Debt
Long-term debt is a debt that Luxi Chemical Group has held for over one year. Long-term debt appears on Luxi Chemical Group balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Luxi Chemical Group balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.
Accounts Payable
An accounting item on the balance sheet that represents Luxi Chemical obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Luxi Chemical Group are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
Most indicators from Luxi Chemical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Luxi Chemical Group 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
Trending Equities to better understand how to build diversified portfolios, which includes a position in Luxi Chemical Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in nation.
As of November 30, 2024,
Selling General Administrative is expected to decline to about 82.5
M. In addition to that,
Tax Provision is expected to decline to about 221.6
MLuxi Chemical fundamental ratios Correlations
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Luxi Chemical Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Luxi Chemical fundamental ratios Accounts
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Other Information on Investing in Luxi Stock
Balance Sheet is a snapshot of the
financial position of Luxi Chemical Group at a specified time, usually calculated after every quarter, six months, or one year. Luxi Chemical Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Luxi Chemical 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 Luxi currently owns. An asset can also be divided into two categories, current and non-current.