Loctek Other Liab vs Short Term Debt Analysis

300729 Stock   17.27  0.57  3.41%   
Loctek Ergonomic financial indicator trend analysis is infinitely more than just investigating Loctek Ergonomic Tec recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Loctek Ergonomic Tec is a good investment. Please check the relationship between Loctek Ergonomic Other Liab and its Short Term Debt accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Loctek Ergonomic Technology. 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.

Other Liab vs Short Term Debt

Other Liab vs Short Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Loctek Ergonomic Tec Other Liab account and Short Term Debt. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Loctek Ergonomic's Other Liab and Short Term Debt is 0.82. Overlapping area represents the amount of variation of Other Liab that can explain the historical movement of Short Term Debt in the same time period over historical financial statements of Loctek Ergonomic Technology, assuming nothing else is changed. The correlation between historical values of Loctek Ergonomic's Other Liab 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 Other Liab of Loctek Ergonomic Technology 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 Other Liab i.e., Loctek Ergonomic's Other Liab and Short Term Debt go up and down completely randomly.

Correlation Coefficient

0.82
Relationship DirectionPositive 
Relationship StrengthStrong

Other Liab

Short Term Debt

Most indicators from Loctek Ergonomic's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Loctek Ergonomic Tec 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 Loctek Ergonomic Technology. 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.
The current year's Tax Provision is expected to grow to about 170 M, whereas Selling General Administrative is forecasted to decline to about 513.1 M.
 2021 2022 2023 2024 (projected)
Gross Profit1.1B1.1B1.4B831.6M
Total Revenue2.9B3.2B3.9B2.1B

Loctek Ergonomic fundamental ratios Correlations

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0.190.550.140.090.180.030.440.490.050.540.480.130.350.040.560.5-0.090.220.670.50.440.370.40.410.11
0.880.550.850.820.860.810.980.980.810.610.820.830.940.770.980.740.610.890.970.98-0.370.90.940.950.83
0.990.140.850.961.00.990.830.880.990.480.690.970.870.970.790.70.860.980.770.89-0.760.860.90.880.98
0.980.090.820.960.960.970.80.820.990.310.560.950.790.990.760.760.940.980.760.85-0.770.820.830.821.0
0.990.180.861.00.960.980.840.890.980.490.70.970.870.960.810.720.860.980.790.91-0.730.870.910.890.98
0.980.030.810.990.970.980.820.840.990.40.640.970.850.970.770.630.880.970.730.84-0.830.860.850.830.98
0.860.440.980.830.80.840.820.940.80.570.820.810.950.750.980.630.570.870.920.94-0.40.880.920.920.8
0.90.490.980.880.820.890.840.940.840.650.860.830.960.810.930.760.640.90.930.99-0.390.880.980.980.85
0.990.050.810.990.990.980.990.80.840.380.620.960.830.990.750.70.920.980.730.85-0.810.830.850.841.0
0.470.540.610.480.310.490.40.570.650.380.920.350.690.320.650.270.050.460.560.59-0.080.480.640.610.38
0.690.480.820.690.560.70.640.820.860.620.920.590.910.560.840.450.30.690.740.81-0.240.690.860.850.61
0.960.130.830.970.950.970.970.810.830.960.350.590.810.940.760.680.870.950.760.86-0.760.880.840.820.96
0.870.350.940.870.790.870.850.950.960.830.690.910.810.780.920.60.580.870.840.94-0.450.850.970.970.82
0.970.040.770.970.990.960.970.750.810.990.320.560.940.780.70.760.950.970.710.83-0.790.770.830.810.99
0.830.560.980.790.760.810.770.980.930.750.650.840.760.920.70.640.510.840.950.93-0.340.870.890.90.76
0.740.50.740.70.760.720.630.630.760.70.270.450.680.60.760.640.760.760.760.82-0.240.570.760.760.76
0.87-0.090.610.860.940.860.880.570.640.920.050.30.870.580.950.510.760.870.560.69-0.790.640.670.660.93
1.00.220.890.980.980.980.970.870.90.980.460.690.950.870.970.840.760.870.840.91-0.710.880.90.880.99
0.820.670.970.770.760.790.730.920.930.730.560.740.760.840.710.950.760.560.840.94-0.280.90.860.860.77
0.910.50.980.890.850.910.840.940.990.850.590.810.860.940.830.930.820.690.910.94-0.390.870.980.980.87
-0.740.44-0.37-0.76-0.77-0.73-0.83-0.4-0.39-0.81-0.08-0.24-0.76-0.45-0.79-0.34-0.24-0.79-0.71-0.28-0.39-0.57-0.42-0.38-0.77
0.880.370.90.860.820.870.860.880.880.830.480.690.880.850.770.870.570.640.880.90.87-0.570.820.810.83
0.90.40.940.90.830.910.850.920.980.850.640.860.840.970.830.890.760.670.90.860.98-0.420.821.00.86
0.890.410.950.880.820.890.830.920.980.840.610.850.820.970.810.90.760.660.880.860.98-0.380.811.00.85
0.990.110.830.981.00.980.980.80.851.00.380.610.960.820.990.760.760.930.990.770.87-0.770.830.860.85
Click cells to compare fundamentals

Loctek Ergonomic Account Relationship Matchups

Loctek Ergonomic fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.5B2.9B4.0B6.0B6.8B7.1B
Other Current Liab70.5M90.0M103.5M135.1M6.3M6.0M
Total Current Liabilities703.2M1.5B1.5B1.8B1.7B1.1B
Total Stockholder Equity794.6M1.0B1.9B2.5B3.0B3.2B
Other Liab5.0M22.4M16.6M47.8M55.0M57.7M
Net Tangible Assets739.4M917.9M1.7B2.2B2.5B2.7B
Retained Earnings375.2M579.6M739.3M913.9M1.4B1.4B
Accounts Payable204.5M580.8M525.4M507.2M628.5M400.8M
Cash616.2M905.3M1.5B1.6B1.7B972.9M
Non Current Assets Total439.5M1.2B1.6B2.8B3.9B4.1B
Non Currrent Assets Other8.4M42.2M213.4M80.3M38.9M60.9M
Other Assets27.8M103.2M270.9M132.9M152.9M100.0M
Net Receivables97.9M159.5M236.2M182.7M253.0M163.3M
Non Current Liabilities Total5.0M371.9M583.8M1.7B2.1B2.2B
Inventory192.0M526.2M512.6M489.6M459.7M361.5M
Other Current Assets14.2M44.6M38.9M384.3M172.2M94.8M
Other Stockholder Equity769.4K2.1M(11.0M)52.2M60.1M63.1M
Total Liab708.2M1.8B2.1B3.5B3.8B3.9B
Short Long Term Debt403.9M712.5M629.3M902.3M580.0M490.8M
Total Current Assets1.1B1.7B2.4B3.2B2.9B1.8B
Intangible Assets54.8M103.3M225.5M238.6M274.6M141.7M
Common Stock87.2M138.9M220.7M239.2M275.0M145.2M
Property Plant Equipment320.1M902.3M1.1B2.4B2.8B2.9B
Common Stock Shares Outstanding181.4M180.6M220.7M239.2M312.5M234.9M
Deferred Long Term Liab9.1M23.2M19.8M17.7M20.3M13.6M
Net Invested Capital1.2B2.1B2.9B4.1B4.5B2.6B
Net Working Capital360.4M241.6M840.2M1.3B1.2B747.3M
Short Term Investments102.6M26.6M60.4M369.8M245.2M147.8M
Capital Stock87.2M138.9M220.7M239.2M312.5M199.1M

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Other Information on Investing in Loctek Stock

Balance Sheet is a snapshot of the financial position of Loctek Ergonomic Tec at a specified time, usually calculated after every quarter, six months, or one year. Loctek Ergonomic Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Loctek Ergonomic 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 Loctek currently owns. An asset can also be divided into two categories, current and non-current.