LGI Historical Balance Sheet

LGI Stock   2.95  0.02  0.68%   
Trend analysis of LGI balance sheet accounts such as Total Current Liabilities of 5.9 M provides information on LGI's total assets, liabilities, and equity, which is the actual value of LGI to its prevalent stockholders. By breaking down trends over time using LGI balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
 
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Financial Statement Analysis is much more than just reviewing and examining LGI latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether LGI is a good buy for the upcoming year.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in LGI. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

About LGI Balance Sheet Analysis

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

LGI Balance Sheet Chart

At this time, LGI's Other Current Assets are comparatively stable compared to the past year. Accumulated Other Comprehensive Income is likely to gain to about 186.2 K in 2024, whereas Total Current Liabilities is likely to drop slightly above 5.9 M in 2024.

Total Assets

Total assets refers to the total amount of LGI assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in LGI books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Total Current Liabilities

Total Current Liabilities is an item on LGI balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of LGI 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 accounts from LGI's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into LGI current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, 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 LGI. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
At this time, LGI's Other Current Assets are comparatively stable compared to the past year. Accumulated Other Comprehensive Income is likely to gain to about 186.2 K in 2024, whereas Total Current Liabilities is likely to drop slightly above 5.9 M in 2024.
 2021 2022 2023 2024 (projected)
Short and Long Term Debt Total19.4M24.7M28.4M20.3M
Total Assets71.0M63.4M88.6M54.6M

LGI balance sheet Correlations

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0.850.810.650.790.660.820.780.570.670.650.360.820.70.370.69-0.480.250.91-0.480.520.750.50.780.68-0.48
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0.730.650.880.440.760.710.780.140.830.20.090.710.730.180.42-0.650.520.43-0.650.820.50.630.790.82-0.65
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LGI Account Relationship Matchups

LGI balance sheet Accounts

201920202021202220232024 (projected)
Total Assets35.6M39.2M71.0M63.4M88.6M54.6M
Short Long Term Debt Total20.8M21.2M19.4M24.7M28.4M20.3M
Other Current Liab802.9K1.8M2.4M4.1M4.8M5.0M
Total Current Liabilities2.1M3.5M16.7M4.0M7.2M5.9M
Total Stockholder Equity11.7M13.4M36.3M49.4M52.8M28.8M
Property Plant And Equipment Net27.7M28.6M35.5M42.4M55.8M35.5M
Net Debt19.8M20.3M1.3M1.4M22.2M13.2M
Retained Earnings5.0M6.3M9.7M15.8M20.4M21.4M
Accounts Payable1.3M556.9K1.1M935K893K954.0K
Cash973.4K928K18.1M52K2.4M4.4M
Non Current Assets Total30.5M32.3M40.0M47.4M67.4M40.3M
Non Currrent Assets Other1.6M1.4M1.7M1.5M6.9M7.2M
Cash And Short Term Investments973.4K928K18.1M2.4M2.8M5.2M
Net Receivables2.0M2.3M1.7M1.2M909K1.4M
Liabilities And Stockholders Equity35.6M39.2M71.0M88.6M101.9M52.1M
Non Current Liabilities Total21.8M22.4M18.1M10.0M28.6M19.9M
Other Current Assets2.1M3.7M2.4M13.4M17.9M18.8M
Total Liab23.9M25.8M34.7M14.0M35.8M25.8M
Total Current Assets5.0M6.9M31.0M16.0M21.2M14.3M
Accumulated Other Comprehensive Income563.7K624K(5.2M)197K177.3K186.2K
Short Term Debt201.5K636K661K1.0M1.2M1.3M
Intangible Assets932.9K2.0M2.9M3.2M3.9M2.2M
Common Stock6.1M6.4M31.8M32.2M37.1M38.9M

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Additional Tools for LGI Stock Analysis

When running LGI's price analysis, check to measure LGI'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 LGI is operating at the current time. Most of LGI's value examination focuses on studying past and present price action to predict the probability of LGI's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move LGI's price. Additionally, you may evaluate how the addition of LGI to your portfolios can decrease your overall portfolio volatility.