Legacy Income Tax Expense vs Other Operating Expenses Analysis

LGCY Stock

USD 8.64 1.04 10.74%

Legacy Education financial indicator trend analysis is infinitely more than just investigating Legacy Education recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Legacy Education is a good investment. Please check the relationship between Legacy Education Income Tax Expense and its Other Operating Expenses accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Legacy Education. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

For more information on how to buy Legacy Stock please use our How to Invest in Legacy Education guide.

Income Tax Expense vs Other Operating Expenses

Income Tax Expense vs Other Operating Expenses Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Legacy Education Income Tax Expense account and Other Operating Expenses. At this time, the significance of the direction appears to have totally related.

The correlation between Legacy Education's Income Tax Expense and Other Operating Expenses is 1.0. Overlapping area represents the amount of variation of Income Tax Expense that can explain the historical movement of Other Operating Expenses in the same time period over historical financial statements of Legacy Education, assuming nothing else is changed. The correlation between historical values of Legacy Education's Income Tax Expense and Other Operating Expenses is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Tax Expense of Legacy Education are associated (or correlated) with its Other Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Operating Expenses has no effect on the direction of Income Tax Expense i.e., Legacy Education's Income Tax Expense and Other Operating Expenses go up and down completely randomly.

Correlation Coefficient

1.0

Relationship Direction	Positive
Relationship Strength	Very Strong

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Income Tax Expense

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Legacy Education. It is also known as Legacy Education overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Most indicators from Legacy Education's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Legacy Education 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 Legacy Education. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

For more information on how to buy Legacy Stock please use our How to Invest in Legacy Education guide.At this time, Legacy Education's Sales General And Administrative To Revenue is fairly stable compared to the past year. Enterprise Value is likely to rise to about 77.1 M in 2025, whereas Tax Provision is likely to drop slightly above 1.4 M in 2025.

	2022	2023	2024	2025 (projected)
Interest Expense	96.3K	118.2K	106.3K	97.6K
Interest Income	339.1K	886.8K	1.0M	1.1M

Interest Expense Interest Income

Legacy Education fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Long Term Debt	Net Receivables	Good Will	Non Current Liabilities Total	Capital Lease Obligations	Inventory	Total Liab	Net Invested Capital	Property Plant And Equipment Gross	Short Long Term Debt	Total Current Assets	Net Working Capital	Intangible Assets	Short Long Term Debt Total	Current Deferred Revenue	Net Debt	Cash And Short Term Investments
Total Assets		0.98	1.0	1.0	0.89	0.89	0.95	0.94	0.53	-0.89	0.98	-0.48	0.83	0.88	0.99	0.99	0.92	0.95	-0.92	0.99	0.99	-0.57	0.91	0.8	0.46	0.96
Other Current Liab	0.98		0.98	0.98	0.84	0.88	0.99	0.86	0.66	-0.92	0.92	-0.49	0.75	0.82	0.98	0.95	0.9	0.88	-0.87	0.99	0.99	-0.58	0.83	0.81	0.37	0.91
Total Current Liabilities	1.0	0.98		0.99	0.89	0.89	0.95	0.94	0.52	-0.89	0.97	-0.49	0.83	0.88	0.99	0.99	0.91	0.95	-0.92	0.99	0.98	-0.58	0.91	0.8	0.47	0.96
Total Stockholder Equity	1.0	0.98	0.99		0.86	0.9	0.95	0.92	0.58	-0.88	0.98	-0.48	0.79	0.85	1.0	0.98	0.91	0.93	-0.91	1.0	0.99	-0.57	0.88	0.79	0.39	0.96
Property Plant And Equipment Net	0.89	0.84	0.89	0.86		0.91	0.81	0.92	0.29	-0.84	0.85	-0.69	0.9	1.0	0.84	0.92	0.94	0.93	-0.96	0.85	0.83	-0.76	0.95	0.81	0.6	0.91
Accounts Payable	0.89	0.88	0.89	0.9	0.91		0.84	0.82	0.51	-0.76	0.89	-0.79	0.67	0.88	0.9	0.87	0.95	0.81	-0.97	0.89	0.89	-0.85	0.79	0.71	0.24	0.93
Cash	0.95	0.99	0.95	0.95	0.81	0.84		0.81	0.7	-0.95	0.86	-0.46	0.73	0.8	0.94	0.93	0.88	0.85	-0.81	0.97	0.97	-0.55	0.8	0.85	0.38	0.86
Non Current Assets Total	0.94	0.86	0.94	0.92	0.92	0.82	0.81		0.26	-0.81	0.94	-0.44	0.94	0.93	0.91	0.97	0.86	0.99	-0.92	0.9	0.88	-0.53	0.98	0.75	0.63	0.94
Non Currrent Assets Other	0.53	0.66	0.52	0.58	0.29	0.51	0.7	0.26		-0.62	0.48	-0.3	0.09	0.25	0.59	0.44	0.59	0.29	-0.36	0.61	0.66	-0.35	0.2	0.61	-0.3	0.48
Long Term Debt	-0.89	-0.92	-0.89	-0.88	-0.84	-0.76	-0.95	-0.81	-0.62		-0.78	0.44	-0.82	-0.85	-0.86	-0.9	-0.88	-0.86	0.76	-0.9	-0.89	0.53	-0.84	-0.96	-0.53	-0.81
Net Receivables	0.98	0.92	0.97	0.98	0.85	0.89	0.86	0.94	0.48	-0.78		-0.46	0.77	0.83	0.98	0.95	0.88	0.93	-0.93	0.96	0.95	-0.55	0.87	0.69	0.37	0.97
Good Will	-0.48	-0.49	-0.49	-0.48	-0.69	-0.79	-0.46	-0.44	-0.3	0.44	-0.46		-0.36	-0.66	-0.47	-0.47	-0.71	-0.42	0.72	-0.48	-0.47	0.99	-0.45	-0.49	0.03	-0.62
Non Current Liabilities Total	0.83	0.75	0.83	0.79	0.9	0.67	0.73	0.94	0.09	-0.82	0.77	-0.36		0.92	0.75	0.9	0.76	0.95	-0.8	0.77	0.73	-0.44	0.98	0.78	0.84	0.79
Capital Lease Obligations	0.88	0.82	0.88	0.85	1.0	0.88	0.8	0.93	0.25	-0.85	0.83	-0.66	0.92		0.82	0.92	0.92	0.93	-0.94	0.84	0.81	-0.72	0.96	0.82	0.65	0.89
Inventory	0.99	0.98	0.99	1.0	0.84	0.9	0.94	0.91	0.59	-0.86	0.98	-0.47	0.75	0.82		0.97	0.9	0.91	-0.91	1.0	0.99	-0.56	0.86	0.76	0.36	0.95
Total Liab	0.99	0.95	0.99	0.98	0.92	0.87	0.93	0.97	0.44	-0.9	0.95	-0.47	0.9	0.92	0.97		0.9	0.98	-0.92	0.97	0.96	-0.56	0.96	0.82	0.57	0.95
Net Invested Capital	0.92	0.9	0.91	0.91	0.94	0.95	0.88	0.86	0.59	-0.88	0.88	-0.71	0.76	0.92	0.9	0.9		0.87	-0.94	0.91	0.91	-0.78	0.85	0.88	0.34	0.94
Property Plant And Equipment Gross	0.95	0.88	0.95	0.93	0.93	0.81	0.85	0.99	0.29	-0.86	0.93	-0.42	0.95	0.93	0.91	0.98	0.87		-0.9	0.91	0.89	-0.51	0.99	0.79	0.67	0.92
Short Long Term Debt	-0.92	-0.87	-0.92	-0.91	-0.96	-0.97	-0.81	-0.92	-0.36	0.76	-0.93	0.72	-0.8	-0.94	-0.91	-0.92	-0.94	-0.9		-0.9	-0.88	0.79	-0.89	-0.71	-0.4	-0.97
Total Current Assets	0.99	0.99	0.99	1.0	0.85	0.89	0.97	0.9	0.61	-0.9	0.96	-0.48	0.77	0.84	1.0	0.97	0.91	0.91	-0.9		1.0	-0.57	0.87	0.8	0.39	0.95
Net Working Capital	0.99	0.99	0.98	0.99	0.83	0.89	0.97	0.88	0.66	-0.89	0.95	-0.47	0.73	0.81	0.99	0.96	0.91	0.89	-0.88	1.0		-0.56	0.83	0.8	0.34	0.93
Intangible Assets	-0.57	-0.58	-0.58	-0.57	-0.76	-0.85	-0.55	-0.53	-0.35	0.53	-0.55	0.99	-0.44	-0.72	-0.56	-0.56	-0.78	-0.51	0.79	-0.57	-0.56		-0.53	-0.57	-0.04	-0.7
Short Long Term Debt Total	0.91	0.83	0.91	0.88	0.95	0.79	0.8	0.98	0.2	-0.84	0.87	-0.45	0.98	0.96	0.86	0.96	0.85	0.99	-0.89	0.87	0.83	-0.53		0.79	0.74	0.89
Current Deferred Revenue	0.8	0.81	0.8	0.79	0.81	0.71	0.85	0.75	0.61	-0.96	0.69	-0.49	0.78	0.82	0.76	0.82	0.88	0.79	-0.71	0.8	0.8	-0.57	0.79		0.47	0.77
Net Debt	0.46	0.37	0.47	0.39	0.6	0.24	0.38	0.63	-0.3	-0.53	0.37	0.03	0.84	0.65	0.36	0.57	0.34	0.67	-0.4	0.39	0.34	-0.04	0.74	0.47		0.35
Cash And Short Term Investments	0.96	0.91	0.96	0.96	0.91	0.93	0.86	0.94	0.48	-0.81	0.97	-0.62	0.79	0.89	0.95	0.95	0.94	0.92	-0.97	0.95	0.93	-0.7	0.89	0.77	0.35

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Legacy Education Account Relationship Matchups

Legacy Education fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	17.9M	20.6M	27.2M	35.2M	40.4M	24.6M
Other Current Liab	1.7M	1.8M	1.9M	2.4M	2.7M	1.9M
Total Current Liabilities	6.2M	6.4M	8.5M	10.5M	12.0M	7.8M
Total Stockholder Equity	11.0M	13.6M	15.4M	22.4M	25.8M	15.1M
Property Plant And Equipment Net	599.6K	704.5K	5.1M	4.9M	5.6M	5.9M
Accounts Payable	642.6K	668.3K	722.7K	1.5M	1.8M	1.9M
Cash	7.8M	8.8M	9.3M	10.4M	11.9M	8.3M
Non Current Assets Total	4.3M	4.9M	9.9M	10.6M	12.2M	7.6M
Long Term Debt	222.9K	127.4K	45.3K	123.9K	111.5K	132.4K
Net Receivables	4.8M	6.2M	7.3M	13.1M	15.0M	7.7M
Non Current Liabilities Total	721.5K	627.0K	3.3M	2.3M	2.6M	1.7M
Capital Lease Obligations	55.8K	0.0	4.8M	4.1M	4.7M	4.9M
Inventory	369.5K	442.9K	470.7K	833.2K	958.2K	493.5K
Total Liab	7.0M	7.0M	11.8M	12.8M	14.7M	9.5M
Net Invested Capital	1.0M	14.6M	16.2M	23.2M	26.6M	28.0M
Property Plant And Equipment Gross	1.5M	1.8M	6.4M	6.5M	7.5M	3.8M
Short Long Term Debt	821.9K	825.8K	728.3K	624.2K	561.8K	613.3K
Total Current Assets	13.6M	15.7M	17.3M	24.6M	28.3M	17.0M
Net Working Capital	7.4M	9.4M	8.9M	14.1M	16.2M	9.2M
Intangible Assets	1.1M	1.1M	1.1M	1.1M	949.5K	852.2K

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Legacy Income Tax Expense vs Other Operating Expenses Analysis

Income Tax Expense vs Other Operating Expenses

Income Tax Expense vs Other Operating Expenses Correlation Analysis

Correlation Coefficient

Income Tax Expense

Other Operating Expenses

Legacy Education fundamental ratios Correlations

Legacy Education Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Legacy Education fundamental ratios Accounts

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Additional Tools for Legacy Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Current Liabilities	+ 1.0	Total Assets
Total Stockholder Equity	+ 1.0	Total Assets
Inventory	+ 1.0	Total Stockholder Equity
Total Current Assets	+ 1.0	Total Stockholder Equity
Capital Lease Obligations	+ 1.0	Property Plant And Equipment Net
Total Current Assets	+ 1.0	Inventory

Cash And Short Term Investments	- 0.97	Short Long Term Debt
Short Long Term Debt	- 0.97	Accounts Payable
Current Deferred Revenue	- 0.96	Long Term Debt
Short Long Term Debt	- 0.96	Property Plant And Equipment Net
Long Term Debt	- 0.95	Cash
Short Long Term Debt	- 0.94	Net Invested Capital