LGI Total Current Assets vs Total Current Liabilities Analysis

LGI Stock

2.95 0.02 0.68%

LGI financial indicator trend analysis is infinitely more than just investigating LGI recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether LGI is a good investment. Please check the relationship between LGI Total Current Assets and its Total Current Liabilities accounts. 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.

Total Current Assets vs Total Current Liabilities

Total Current Assets vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of LGI Total Current Assets account and Total Current Liabilities. At this time, the significance of the direction appears to have almost identical trend.

The correlation between LGI's Total Current Assets and Total Current Liabilities is 0.95. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of LGI, assuming nothing else is changed. The correlation between historical values of LGI's Total Current 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 Total Current Assets of LGI 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 Total Current Assets i.e., LGI's Total Current Assets and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.95

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

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 indicators from LGI's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into LGI 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 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.

Selling General Administrative is likely to gain to about 1.4 M in 2024, whereas Tax Provision is likely to drop slightly above 2 M in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	822K	899K	1.1M	900.3K
Depreciation And Amortization	4.1M	4.7M	5.3M	3.6M

Interest Expense Depreciation And Amortization

LGI fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Other Assets
Total Assets		0.91	0.88	0.76	0.96	0.97	0.89	0.32	0.88	0.64	0.24	0.97	0.74	0.32	0.51	-0.5	0.26	0.72	-0.5	0.77	0.85	0.87	0.73	0.98	0.91	-0.5
Short Long Term Debt Total	0.91		0.83	0.54	0.85	0.97	0.86	0.56	0.83	0.72	-0.09	0.96	0.69	-0.01	0.69	-0.45	0.26	0.81	-0.45	0.75	0.81	0.62	0.65	0.91	0.76	-0.45
Other Current Liab	0.88	0.83		0.53	0.9	0.89	0.91	0.28	0.99	0.57	0.02	0.89	0.87	0.13	0.42	-0.76	0.61	0.58	-0.76	0.96	0.65	0.7	0.88	0.9	0.95	-0.76
Total Current Liabilities	0.76	0.54	0.53		0.65	0.62	0.68	-0.04	0.52	0.51	0.79	0.61	0.41	0.83	0.49	-0.26	0.17	0.48	-0.26	0.31	0.79	0.95	0.44	0.71	0.71	-0.26
Total Stockholder Equity	0.96	0.85	0.9	0.65		0.93	0.84	0.14	0.88	0.55	0.14	0.93	0.67	0.26	0.34	-0.45	0.24	0.51	-0.45	0.81	0.66	0.83	0.76	0.97	0.92	-0.45
Property Plant And Equipment Net	0.97	0.97	0.89	0.62	0.93		0.88	0.46	0.9	0.69	0.02	1.0	0.77	0.11	0.55	-0.53	0.29	0.77	-0.53	0.82	0.82	0.74	0.71	0.96	0.87	-0.53
Current Deferred Revenue	0.89	0.86	0.91	0.68	0.84	0.88		0.33	0.89	0.76	0.16	0.88	0.75	0.25	0.62	-0.62	0.49	0.67	-0.62	0.8	0.78	0.75	0.78	0.93	0.88	-0.62
Net Debt	0.32	0.56	0.28	-0.04	0.14	0.46	0.33		0.34	0.41	-0.45	0.48	0.54	-0.49	0.49	-0.39	0.16	0.85	-0.39	0.35	0.57	-0.08	0.14	0.28	0.1	-0.39
Retained Earnings	0.88	0.83	0.99	0.52	0.88	0.9	0.89	0.34		0.6	0.0	0.9	0.91	0.1	0.4	-0.8	0.64	0.62	-0.8	0.97	0.67	0.67	0.83	0.88	0.95	-0.8
Accounts Payable	0.64	0.72	0.57	0.51	0.55	0.69	0.76	0.41	0.6		0.01	0.67	0.46	0.06	0.51	-0.34	0.29	0.59	-0.34	0.49	0.65	0.45	0.2	0.64	0.54	-0.34
Cash	0.24	-0.09	0.02	0.79	0.14	0.02	0.16	-0.45	0.0	0.01		0.02	-0.02	0.99	0.11	0.03	0.0	-0.01	0.03	-0.18	0.36	0.67	0.09	0.17	0.28	0.03
Non Current Assets Total	0.97	0.96	0.89	0.61	0.93	1.0	0.88	0.48	0.9	0.67	0.02		0.78	0.1	0.52	-0.54	0.28	0.78	-0.54	0.82	0.82	0.74	0.71	0.96	0.86	-0.54
Non Currrent Assets Other	0.74	0.69	0.87	0.41	0.67	0.77	0.75	0.54	0.91	0.46	-0.02	0.78		0.02	0.32	-0.93	0.71	0.73	-0.93	0.91	0.7	0.52	0.73	0.7	0.81	-0.93
Cash And Short Term Investments	0.32	-0.01	0.13	0.83	0.26	0.11	0.25	-0.49	0.1	0.06	0.99	0.1	0.02		0.14	-0.01	0.05	-0.01	-0.01	-0.09	0.37	0.74	0.18	0.26	0.38	-0.01
Net Receivables	0.51	0.69	0.42	0.49	0.34	0.55	0.62	0.49	0.4	0.51	0.11	0.52	0.32	0.14		-0.19	0.22	0.68	-0.19	0.25	0.69	0.38	0.42	0.52	0.36	-0.19
Good Will	-0.5	-0.45	-0.76	-0.26	-0.45	-0.53	-0.62	-0.39	-0.8	-0.34	0.03	-0.54	-0.93	-0.01	-0.19		-0.9	-0.52	1.0	-0.84	-0.48	-0.34	-0.65	-0.47	-0.7	1.0
Common Stock Shares Outstanding	0.26	0.26	0.61	0.17	0.24	0.29	0.49	0.16	0.64	0.29	0.0	0.28	0.71	0.05	0.22	-0.9		0.25	-0.9	0.66	0.25	0.19	0.52	0.25	0.56	-0.9
Non Current Liabilities Total	0.72	0.81	0.58	0.48	0.51	0.77	0.67	0.85	0.62	0.59	-0.01	0.78	0.73	-0.01	0.68	-0.52	0.25		-0.52	0.54	0.91	0.45	0.43	0.65	0.51	-0.52
Inventory	-0.5	-0.45	-0.76	-0.26	-0.45	-0.53	-0.62	-0.39	-0.8	-0.34	0.03	-0.54	-0.93	-0.01	-0.19	1.0	-0.9	-0.52		-0.83	-0.48	-0.34	-0.65	-0.47	-0.7	1.0
Other Current Assets	0.77	0.75	0.96	0.31	0.81	0.82	0.8	0.35	0.97	0.49	-0.18	0.82	0.91	-0.09	0.25	-0.84	0.66	0.54	-0.83		0.52	0.51	0.82	0.79	0.87	-0.83
Total Liab	0.85	0.81	0.65	0.79	0.66	0.82	0.78	0.57	0.67	0.65	0.36	0.82	0.7	0.37	0.69	-0.48	0.25	0.91	-0.48	0.52		0.75	0.5	0.78	0.68	-0.48
Total Current Assets	0.87	0.62	0.7	0.95	0.83	0.74	0.75	-0.08	0.67	0.45	0.67	0.74	0.52	0.74	0.38	-0.34	0.19	0.45	-0.34	0.51	0.75		0.63	0.84	0.85	-0.34
Short Term Debt	0.73	0.65	0.88	0.44	0.76	0.71	0.78	0.14	0.83	0.2	0.09	0.71	0.73	0.18	0.42	-0.65	0.52	0.43	-0.65	0.82	0.5	0.63		0.79	0.82	-0.65
Intangible Assets	0.98	0.91	0.9	0.71	0.97	0.96	0.93	0.28	0.88	0.64	0.17	0.96	0.7	0.26	0.52	-0.47	0.25	0.65	-0.47	0.79	0.78	0.84	0.79		0.9	-0.47
Common Stock	0.91	0.76	0.95	0.71	0.92	0.87	0.88	0.1	0.95	0.54	0.28	0.86	0.81	0.38	0.36	-0.7	0.56	0.51	-0.7	0.87	0.68	0.85	0.82	0.9		-0.7
Other Assets	-0.5	-0.45	-0.76	-0.26	-0.45	-0.53	-0.62	-0.39	-0.8	-0.34	0.03	-0.54	-0.93	-0.01	-0.19	1.0	-0.9	-0.52	1.0	-0.83	-0.48	-0.34	-0.65	-0.47	-0.7

Click cells to compare fundamentals

LGI Account Relationship Matchups

LGI fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	35.6M	39.2M	71.0M	63.4M	88.6M	54.6M
Short Long Term Debt Total	20.8M	21.2M	19.4M	24.7M	28.4M	20.3M
Other Current Liab	802.9K	1.8M	2.4M	4.1M	4.8M	5.0M
Total Current Liabilities	2.1M	3.5M	16.7M	4.0M	7.2M	5.9M
Total Stockholder Equity	11.7M	13.4M	36.3M	49.4M	52.8M	28.8M
Property Plant And Equipment Net	27.7M	28.6M	35.5M	42.4M	55.8M	35.5M
Net Debt	19.8M	20.3M	1.3M	1.4M	22.2M	13.2M
Retained Earnings	5.0M	6.3M	9.7M	15.8M	20.4M	21.4M
Accounts Payable	1.3M	556.9K	1.1M	935K	893K	954.0K
Cash	973.4K	928K	18.1M	52K	2.4M	4.4M
Non Current Assets Total	30.5M	32.3M	40.0M	47.4M	67.4M	40.3M
Non Currrent Assets Other	1.6M	1.4M	1.7M	1.5M	6.9M	7.2M
Cash And Short Term Investments	973.4K	928K	18.1M	2.4M	2.8M	5.2M
Net Receivables	2.0M	2.3M	1.7M	1.2M	909K	1.4M
Liabilities And Stockholders Equity	35.6M	39.2M	71.0M	88.6M	101.9M	52.1M
Non Current Liabilities Total	21.8M	22.4M	18.1M	10.0M	28.6M	19.9M
Other Current Assets	2.1M	3.7M	2.4M	13.4M	17.9M	18.8M
Total Liab	23.9M	25.8M	34.7M	14.0M	35.8M	25.8M
Total Current Assets	5.0M	6.9M	31.0M	16.0M	21.2M	14.3M
Accumulated Other Comprehensive Income	563.7K	624K	(5.2M)	197K	177.3K	186.2K
Short Term Debt	201.5K	636K	661K	1.0M	1.2M	1.3M
Intangible Assets	932.9K	2.0M	2.9M	3.2M	3.9M	2.2M
Common Stock	6.1M	6.4M	31.8M	32.2M	37.1M	38.9M

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.

Explore Investing Ideas

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC