Lucero Property Plant And Equipment Net vs Capital Lease Obligations Analysis
| LOU Stock | 0.40 0.01 2.44% |
Lucero Energy financial indicator trend analysis is infinitely more than just investigating Lucero Energy Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Lucero Energy Corp is a good investment. Please check the relationship between Lucero Energy Property Plant And Equipment Net and its Capital Lease Obligations accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lucero Energy Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Property Plant And Equipment Net vs Capital Lease Obligations
Property Plant And Equipment Net vs Capital Lease Obligations Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Lucero Energy Corp Property Plant And Equipment Net account and Capital Lease Obligations. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Lucero Energy's Property Plant And Equipment Net and Capital Lease Obligations is -0.61. Overlapping area represents the amount of variation of Property Plant And Equipment Net that can explain the historical movement of Capital Lease Obligations in the same time period over historical financial statements of Lucero Energy Corp, assuming nothing else is changed. The correlation between historical values of Lucero Energy's Property Plant And Equipment Net and Capital Lease Obligations is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant And Equipment Net of Lucero Energy Corp are associated (or correlated) with its Capital Lease Obligations. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Lease Obligations has no effect on the direction of Property Plant And Equipment Net i.e., Lucero Energy's Property Plant And Equipment Net and Capital Lease Obligations go up and down completely randomly.
Correlation Coefficient | -0.61 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Property Plant And Equipment Net
The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.Capital Lease Obligations
Lucero Energy Corp capital lease obligations are the amount due for long-term lease agreements that are nearly equivalent to Lucero Energy asset purchases. For example, Lucero Energy can use a capital lease to finance the purchase of an asset without ever buying it. A capital lease gives companies such as Lucero Energy control over an asset for a big portion of its life. The total obligations of a company under capital leases, which are lease agreements that transfer substantially all risks and rewards of ownership to the lessee.Most indicators from Lucero Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Lucero Energy Corp 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 Lucero Energy Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. At this time, Lucero Energy's Selling General Administrative is fairly stable compared to the past year. Enterprise Value Over EBITDA is likely to climb to 2.07 in 2024, whereas Issuance Of Capital Stock is likely to drop 0.00 in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 140.4M | 230.5M | 140.2M | 142.6M | Total Revenue | 229.3M | 342.6M | 254.2M | 249.7M |
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