LBRT Stock | | | USD 19.10 0.62 3.35% |
Liberty Oilfield financial indicator trend analysis is infinitely more than just investigating Liberty Oilfield Services recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Liberty Oilfield Services is a good investment. Please check the relationship between Liberty Oilfield Net Tangible Assets and its Long Term Debt Total accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Liberty Oilfield Services. 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.
Net Tangible Assets vs Long Term Debt Total
Net Tangible Assets vs Long Term Debt Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Liberty Oilfield Services Net Tangible Assets account and
Long Term Debt Total. At this time, the significance of the direction appears to have strong relationship.
The correlation between Liberty Oilfield's Net Tangible Assets and Long Term Debt Total is 0.71. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Long Term Debt Total in the same time period over historical financial statements of Liberty Oilfield Services, assuming nothing else is changed. The correlation between historical values of Liberty Oilfield's Net Tangible Assets and Long Term Debt Total 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 Tangible Assets of Liberty Oilfield Services are associated (or correlated) with its Long Term Debt Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt Total has no effect on the direction of Net Tangible Assets i.e., Liberty Oilfield's Net Tangible Assets and Long Term Debt Total go up and down completely randomly.
Correlation Coefficient | 0.71 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Net Tangible Assets
The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.
Long Term Debt Total
Most indicators from Liberty Oilfield's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Liberty Oilfield Services 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 Liberty Oilfield Services. 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.
At this time, Liberty Oilfield's
Tax Provision is comparatively stable compared to the past year.
Sales General And Administrative To Revenue is likely to gain to 0.07 in 2024, whereas
Selling General Administrative is likely to drop slightly above 116.1
M in 2024.
Liberty Oilfield fundamental ratios Correlations
Click cells to compare fundamentals
Liberty Oilfield Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Liberty Oilfield fundamental ratios Accounts
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measure Liberty Oilfield's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Liberty Oilfield is operating at the current time. Most of Liberty Oilfield's value examination focuses on studying past and present price action to
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