| 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 Total Current Liabilities and its Cash 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.
Total Current Liabilities vs Cash
Total Current Liabilities vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Lutian Machinery Total Current Liabilities account and
Cash. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Lutian Machinery's Total Current Liabilities and Cash is 0.85. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Cash 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 Total Current Liabilities 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 Liabilities of Lutian Machinery Co 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 Liabilities i.e., Lutian Machinery's Total Current Liabilities and Cash go up and down completely randomly.
Correlation Coefficient | 0.85 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Total Current Liabilities
Total Current Liabilities is an item on Lutian Machinery balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Lutian Machinery Co 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.
Cash
Cash refers to the most liquid asset of Lutian Machinery, which is listed under current asset account on Lutian Machinery Co balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Lutian Machinery customers. The amounts must be unrestricted with restricted cash listed in a different Lutian Machinery 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 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.
Lutian Machinery fundamental ratios Correlations
Click cells to compare fundamentals
Lutian Machinery Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Lutian Machinery fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Lutian Stock
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.