LWDB Stock | | | 894.00 2.00 0.22% |
Law Debenture financial indicator trend analysis is infinitely more than just investigating Law Debenture Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Law Debenture Corp is a good investment. Please check the relationship between Law Debenture Total Current Assets and its Cash accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Law Debenture 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.
Total Current Assets vs Cash
Total Current Assets vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Law Debenture Corp Total Current Assets account and
Cash. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Law Debenture's Total Current Assets and Cash is 0.98. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Cash in the same time period over historical financial statements of Law Debenture Corp, assuming nothing else is changed. The correlation between historical values of Law Debenture's Total Current Assets and Cash 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 Assets of Law Debenture Corp are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Total Current Assets i.e., Law Debenture's Total Current Assets and Cash go up and down completely randomly.
Correlation Coefficient | 0.98 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.
Cash
Cash refers to the most liquid asset of Law Debenture Corp, which is listed under current asset account on Law Debenture Corp balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Law Debenture customers. The amounts must be unrestricted with restricted cash listed in a different Law Debenture account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Most indicators from Law Debenture's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Law Debenture 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 Law Debenture 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.
Selling General Administrative is likely to drop to about 26.6
M in 2024.
Tax Provision is likely to drop to about 1.3
M in 2024
Law Debenture fundamental ratios Correlations
Click cells to compare fundamentals
Law Debenture Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Law Debenture fundamental ratios Accounts
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