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 Total Current Liabilities and its Short Term Debt 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
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Total Current Liabilities vs Short Term Debt
Total Current Liabilities vs Short Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Luxi Chemical Group Total Current Liabilities account and
Short Term Debt. At this time, the significance of the direction appears to have strong relationship.
The correlation between Luxi Chemical's Total Current Liabilities and Short Term Debt is 0.65. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Short Term Debt 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 Total Current Liabilities and Short Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Liabilities of Luxi Chemical Group are associated (or correlated) with its Short Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Debt has no effect on the direction of Total Current Liabilities i.e., Luxi Chemical's Total Current Liabilities and Short Term Debt go up and down completely randomly.
Correlation Coefficient | 0.65 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Total Current Liabilities
Total Current Liabilities is an item on Luxi Chemical balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Luxi Chemical Group 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.
Short Term Debt
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
Click cells to compare fundamentals
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.