Lakshmi Short Term Debt vs Total Current Liabilities Analysis
LAKPRE Stock | 5.34 0.25 4.91% |
Lakshmi Precision financial indicator trend analysis is infinitely more than just investigating Lakshmi Precision Screws recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Lakshmi Precision Screws is a good investment. Please check the relationship between Lakshmi Precision Short Term Debt and its Total Current Liabilities accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lakshmi Precision Screws. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
Short Term Debt vs Total Current Liabilities
Short Term Debt vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Lakshmi Precision Screws Short Term Debt account and Total Current Liabilities. At this time, the significance of the direction appears to have weak relationship.
The correlation between Lakshmi Precision's Short Term Debt and Total Current Liabilities is 0.31. Overlapping area represents the amount of variation of Short Term Debt that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Lakshmi Precision Screws, assuming nothing else is changed. The correlation between historical values of Lakshmi Precision's Short Term Debt 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 Short Term Debt of Lakshmi Precision Screws 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 Short Term Debt i.e., Lakshmi Precision's Short Term Debt and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | 0.31 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Short Term Debt
Total Current Liabilities
Total Current Liabilities is an item on Lakshmi Precision balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Lakshmi Precision Screws 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 Lakshmi Precision's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Lakshmi Precision Screws 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 Lakshmi Precision Screws. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. As of November 29, 2024, Selling General Administrative is expected to decline to about 132.3 M. In addition to that, Tax Provision is expected to decline to about 95.7 K
2015 | 2016 | 2023 | 2024 (projected) | Gross Profit | 476.9M | 84.3M | 75.9M | 72.1M | Total Revenue | 3.7B | 2.6B | 2.3B | 2.0B |
Lakshmi Precision fundamental ratios Correlations
Click cells to compare fundamentals
Lakshmi Precision Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Lakshmi Stock
Balance Sheet is a snapshot of the financial position of Lakshmi Precision Screws at a specified time, usually calculated after every quarter, six months, or one year. Lakshmi Precision Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Lakshmi Precision 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 Lakshmi currently owns. An asset can also be divided into two categories, current and non-current.