LFUS Stock | | | USD 246.67 0.83 0.34% |
Littelfuse financial indicator trend analysis is infinitely more than just investigating Littelfuse recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Littelfuse is a good investment. Please check the relationship between Littelfuse Intangible Assets and its Total Current Liabilities accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Littelfuse. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in employment.
For more information on how to buy Littelfuse Stock please use our
How to Invest in Littelfuse guide.
Intangible Assets vs Total Current Liabilities
Intangible Assets vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Littelfuse Intangible Assets account and
Total Current Liabilities. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Littelfuse's Intangible Assets and Total Current Liabilities is 0.86. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Littelfuse, assuming nothing else is changed. The correlation between historical values of Littelfuse's Intangible Assets and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Intangible Assets of Littelfuse are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Intangible Assets i.e., Littelfuse's Intangible Assets and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | 0.86 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Intangible Assets
Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.
Total Current Liabilities
Total Current Liabilities is an item on Littelfuse balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Littelfuse 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.
Most indicators from Littelfuse's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Littelfuse 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 Littelfuse. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in employment.
For more information on how to buy Littelfuse Stock please use our
How to Invest in Littelfuse guide.At this time, Littelfuse's
Selling General Administrative is comparatively stable compared to the past year.
Sales General And Administrative To Revenue is likely to gain to 0.18 in 2024, whereas
Tax Provision is likely to drop slightly above 51.1
M in 2024.
Littelfuse fundamental ratios Correlations
Click cells to compare fundamentals
Littelfuse Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Littelfuse fundamental ratios Accounts
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Additional Tools for Littelfuse Stock Analysis
When running Littelfuse's price analysis, check to
measure Littelfuse'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 Littelfuse is operating at the current time. Most of Littelfuse's value examination focuses on studying past and present price action to
predict the probability of Littelfuse's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Littelfuse's price. Additionally, you may evaluate how the addition of Littelfuse to your portfolios can decrease your overall portfolio volatility.