Lutian Net Debt vs Total Current Assets Analysis

605259 Stock

15.38 0.04 0.26%

Lutian Machinery financial indicator trend analysis is infinitely more than just investigating Lutian Machinery recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Lutian Machinery is a good investment. Please check the relationship between Lutian Machinery Net Debt and its Total Current Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Lutian Machinery Co. 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.

Net Debt vs Total Current Assets

Net Debt vs Total Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Lutian Machinery Net Debt account and Total Current Assets. At this time, the significance of the direction appears to have pay attention.

The correlation between Lutian Machinery's Net Debt and Total Current Assets is -0.97. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Lutian Machinery Co, assuming nothing else is changed. The correlation between historical values of Lutian Machinery's Net Debt and Total Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Lutian Machinery Co are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Net Debt i.e., Lutian Machinery's Net Debt and Total Current Assets go up and down completely randomly.

Correlation Coefficient

-0.97

Relationship Direction	Negative
Relationship Strength	Significant

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Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

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.

Most indicators from Lutian Machinery's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Lutian Machinery 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 Lutian Machinery Co. 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 Selling General Administrative is expected to grow to about 70.5 M, whereas Tax Provision is forecasted to decline to about 21.6 M.

	2021	2022	2023	2024 (projected)
Interest Expense	48.9K	122.0K	48.6K	46.1K
Depreciation And Amortization	46.7M	49.5M	57.0M	37.4M

Interest Expense Depreciation And Amortization

Lutian Machinery fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Intangible Assets	Common Stock	Net Receivables	Net Invested Capital	Capital Stock	Net Working Capital	Capital Lease Obligations
Total Assets		0.27	0.95	0.99	0.91	-0.96	0.99	0.94	0.97	0.91	-0.75	0.91	0.72	0.93	0.97	-0.84	0.92	0.95	0.99	0.7	0.94	0.95	0.98	0.87	0.97	0.96
Other Current Liab	0.27		0.39	0.22	0.38	-0.14	0.22	0.4	0.19	0.38	-0.32	-0.04	-0.36	0.12	0.33	-0.28	-0.01	0.38	0.23	0.35	0.02	0.05	0.13	-0.22	0.12	0.08
Total Current Liabilities	0.95	0.39		0.91	0.99	-0.86	0.95	1.0	0.85	0.98	-0.9	0.83	0.58	0.94	0.97	-0.92	0.82	1.0	0.91	0.86	0.8	0.84	0.87	0.74	0.86	0.82
Total Stockholder Equity	0.99	0.22	0.91		0.86	-0.97	0.98	0.89	0.99	0.85	-0.68	0.92	0.75	0.91	0.94	-0.79	0.93	0.91	1.0	0.63	0.97	0.97	0.99	0.9	0.99	0.98
Property Plant And Equipment Net	0.91	0.38	0.99	0.86		-0.8	0.92	0.99	0.79	1.0	-0.92	0.78	0.55	0.93	0.95	-0.96	0.77	0.99	0.86	0.88	0.75	0.78	0.82	0.7	0.8	0.77
Net Debt	-0.96	-0.14	-0.86	-0.97	-0.8		-0.94	-0.85	-0.97	-0.8	0.64	-0.98	-0.69	-0.84	-0.89	0.74	-0.98	-0.87	-0.97	-0.59	-0.94	-0.97	-0.99	-0.88	-0.98	-0.96
Retained Earnings	0.99	0.22	0.95	0.98	0.92	-0.94		0.94	0.96	0.91	-0.77	0.91	0.76	0.96	0.96	-0.85	0.9	0.95	0.98	0.7	0.94	0.95	0.96	0.89	0.96	0.94
Accounts Payable	0.94	0.4	1.0	0.89	0.99	-0.85	0.94		0.84	0.99	-0.9	0.81	0.55	0.92	0.97	-0.92	0.81	1.0	0.9	0.87	0.78	0.82	0.86	0.71	0.84	0.81
Cash	0.97	0.19	0.85	0.99	0.79	-0.97	0.96	0.84		0.78	-0.61	0.92	0.76	0.87	0.89	-0.71	0.93	0.86	0.99	0.55	0.98	0.98	0.99	0.9	0.99	0.99
Non Current Assets Total	0.91	0.38	0.98	0.85	1.0	-0.8	0.91	0.99	0.78		-0.92	0.77	0.54	0.92	0.95	-0.97	0.77	0.99	0.85	0.89	0.74	0.77	0.81	0.69	0.8	0.76
Non Currrent Assets Other	-0.75	-0.32	-0.9	-0.68	-0.92	0.64	-0.77	-0.9	-0.61	-0.92		-0.64	-0.47	-0.86	-0.8	0.86	-0.62	-0.9	-0.68	-0.97	-0.57	-0.63	-0.63	-0.57	-0.62	-0.58
Cash And Short Term Investments	0.91	-0.04	0.83	0.92	0.78	-0.98	0.91	0.81	0.92	0.77	-0.64		0.75	0.85	0.85	-0.73	0.99	0.83	0.92	0.59	0.92	0.97	0.96	0.92	0.96	0.94
Common Stock Shares Outstanding	0.72	-0.36	0.58	0.75	0.55	-0.69	0.76	0.55	0.76	0.54	-0.47	0.75		0.81	0.6	-0.51	0.72	0.59	0.74	0.35	0.86	0.82	0.76	0.94	0.77	0.81
Non Current Liabilities Total	0.93	0.12	0.94	0.91	0.93	-0.84	0.96	0.92	0.87	0.92	-0.86	0.85	0.81		0.91	-0.88	0.83	0.94	0.91	0.78	0.88	0.89	0.88	0.88	0.88	0.87
Inventory	0.97	0.33	0.97	0.94	0.95	-0.89	0.96	0.97	0.89	0.95	-0.8	0.85	0.6	0.91		-0.9	0.87	0.97	0.94	0.79	0.86	0.85	0.91	0.78	0.9	0.88
Other Current Assets	-0.84	-0.28	-0.92	-0.79	-0.96	0.74	-0.85	-0.92	-0.71	-0.97	0.86	-0.73	-0.51	-0.88	-0.9		-0.73	-0.92	-0.78	-0.83	-0.69	-0.7	-0.75	-0.66	-0.74	-0.71
Other Stockholder Equity	0.92	-0.01	0.82	0.93	0.77	-0.98	0.9	0.81	0.93	0.77	-0.62	0.99	0.72	0.83	0.87	-0.73		0.82	0.93	0.58	0.93	0.96	0.97	0.91	0.96	0.95
Total Liab	0.95	0.38	1.0	0.91	0.99	-0.87	0.95	1.0	0.86	0.99	-0.9	0.83	0.59	0.94	0.97	-0.92	0.82		0.91	0.86	0.81	0.84	0.87	0.74	0.86	0.83
Total Current Assets	0.99	0.23	0.91	1.0	0.86	-0.97	0.98	0.9	0.99	0.85	-0.68	0.92	0.74	0.91	0.94	-0.78	0.93	0.91		0.63	0.97	0.97	0.99	0.89	0.99	0.98
Intangible Assets	0.7	0.35	0.86	0.63	0.88	-0.59	0.7	0.87	0.55	0.89	-0.97	0.59	0.35	0.78	0.79	-0.83	0.58	0.86	0.63		0.51	0.54	0.58	0.49	0.57	0.53
Common Stock	0.94	0.02	0.8	0.97	0.75	-0.94	0.94	0.78	0.98	0.74	-0.57	0.92	0.86	0.88	0.86	-0.69	0.93	0.81	0.97	0.51		0.97	0.98	0.96	0.98	0.99
Net Receivables	0.95	0.05	0.84	0.97	0.78	-0.97	0.95	0.82	0.98	0.77	-0.63	0.97	0.82	0.89	0.85	-0.7	0.96	0.84	0.97	0.54	0.97		0.98	0.94	0.98	0.98
Net Invested Capital	0.98	0.13	0.87	0.99	0.82	-0.99	0.96	0.86	0.99	0.81	-0.63	0.96	0.76	0.88	0.91	-0.75	0.97	0.87	0.99	0.58	0.98	0.98		0.92	1.0	0.99
Capital Stock	0.87	-0.22	0.74	0.9	0.7	-0.88	0.89	0.71	0.9	0.69	-0.57	0.92	0.94	0.88	0.78	-0.66	0.91	0.74	0.89	0.49	0.96	0.94	0.92		0.92	0.94
Net Working Capital	0.97	0.12	0.86	0.99	0.8	-0.98	0.96	0.84	0.99	0.8	-0.62	0.96	0.77	0.88	0.9	-0.74	0.96	0.86	0.99	0.57	0.98	0.98	1.0	0.92		0.99
Capital Lease Obligations	0.96	0.08	0.82	0.98	0.77	-0.96	0.94	0.81	0.99	0.76	-0.58	0.94	0.81	0.87	0.88	-0.71	0.95	0.83	0.98	0.53	0.99	0.98	0.99	0.94	0.99

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Lutian Machinery Account Relationship Matchups

Lutian Machinery fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	984.5M	1.2B	1.9B	2.1B	2.2B	1.6B
Other Current Liab	70.8M	84.7M	89.9M	124.8M	1.6M	1.5M
Total Current Liabilities	427.3M	537.2M	563.2M	654.3M	593.6M	534.2M
Total Stockholder Equity	547.4M	664.7M	1.4B	1.5B	1.6B	1.0B
Property Plant And Equipment Net	381.3M	425.8M	425.1M	469.4M	449.3M	405.8M
Net Debt	(158.4M)	(219.5M)	(763.4M)	(936.9M)	(843.2M)	(801.1M)
Retained Earnings	346.3M	462.3M	610.4M	737.5M	811.8M	542.2M
Accounts Payable	356.5M	452.4M	472.7M	529.4M	473.6M	440.6M
Cash	158.4M	219.5M	764.1M	936.9M	977.5M	534.8M
Non Current Assets Total	435.6M	479.8M	485.7M	515.7M	495.6M	464.3M
Non Currrent Assets Other	556.7K	1.9M	9.4M	877.5K	1.8M	1.7M
Cash And Short Term Investments	158.4M	219.5M	764.1M	936.9M	1.1B	1.1B
Common Stock Shares Outstanding	66.2M	65.9M	76.9M	88M	172.5M	94.7M
Liabilities And Stockholders Equity	984.5M	1.2B	1.9B	2.1B	2.5B	1.4B
Non Current Liabilities Total	9.8M	11.4M	11.2M	14.0M	19.1M	12.2M
Inventory	254.8M	361.3M	467.9M	421.9M	433.1M	368.2M
Other Current Assets	1.4M	7.3M	647.2K	14.3M	3.0M	2.8M
Other Stockholder Equity	135.1M	136.4M	652.3M	653.6M	751.7M	789.3M
Total Liab	437.2M	548.6M	574.3M	668.2M	612.6M	546.4M
Total Current Assets	548.9M	733.4M	1.4B	1.6B	1.7B	1.1B
Intangible Assets	48.6M	47.5M	46.3M	45.2M	44.1M	48.6M

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

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Lutian Net Debt vs Total Current Assets Analysis

Net Debt vs Total Current Assets

Net Debt vs Total Current Assets Correlation Analysis

Correlation Coefficient

Net Debt

Total Current Assets

Lutian Machinery fundamental ratios Correlations

Lutian Machinery Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Lutian Machinery fundamental ratios Accounts

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Other Information on Investing in Lutian Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Accounts Payable	+ 1.0	Total Current Liabilities
Total Liab	+ 1.0	Total Current Liabilities
Total Current Assets	+ 1.0	Total Stockholder Equity
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Total Liab	+ 1.0	Accounts Payable
Net Working Capital	+ 1.0	Net Invested Capital

Net Invested Capital	- 0.99	Net Debt
Net Working Capital	- 0.98	Net Debt
Other Stockholder Equity	- 0.98	Net Debt
Cash And Short Term Investments	- 0.98	Net Debt
Intangible Assets	- 0.97	Non Currrent Assets Other
Other Current Assets	- 0.97	Non Current Assets Total