Lumine Capital Lease Obligations vs Non Current Liabilities Other Analysis
| LMN Stock | 43.90 0.20 0.45% |
Lumine financial indicator trend analysis is infinitely more than just investigating Lumine Group recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Lumine Group is a good investment. Please check the relationship between Lumine Capital Lease Obligations and its Non Current Liabilities Other accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lumine Group. 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.
Capital Lease Obligations vs Non Current Liabilities Other
Capital Lease Obligations vs Non Current Liabilities Other Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Lumine Group Capital Lease Obligations account and Non Current Liabilities Other. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Lumine's Capital Lease Obligations and Non Current Liabilities Other is 0.51. Overlapping area represents the amount of variation of Capital Lease Obligations that can explain the historical movement of Non Current Liabilities Other in the same time period over historical financial statements of Lumine Group, assuming nothing else is changed. The correlation between historical values of Lumine's Capital Lease Obligations and Non Current Liabilities Other is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Lease Obligations of Lumine Group are associated (or correlated) with its Non Current Liabilities Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Other has no effect on the direction of Capital Lease Obligations i.e., Lumine's Capital Lease Obligations and Non Current Liabilities Other go up and down completely randomly.
Correlation Coefficient | 0.51 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Capital Lease Obligations
Lumine Group capital lease obligations are the amount due for long-term lease agreements that are nearly equivalent to Lumine asset purchases. For example, Lumine can use a capital lease to finance the purchase of an asset without ever buying it. A capital lease gives companies such as Lumine control over an asset for a big portion of its life. The total obligations of a company under capital leases, which are lease agreements that transfer substantially all risks and rewards of ownership to the lessee.Non Current Liabilities Other
Most indicators from Lumine's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Lumine Group 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 Lumine Group. 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. Tax Provision is likely to drop to about 7 M in 2024. Selling General Administrative is likely to drop to about 30 M in 2024
| 2010 | 2022 | 2023 | 2024 (projected) | Gross Profit | 103.1M | 116.8M | 233.7M | 166.3M | Total Revenue | 228.4M | 255.7M | 499.7M | 360.7M |
Lumine fundamental ratios Correlations
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Lumine Account Relationship Matchups
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Additional Tools for Lumine Stock Analysis
When running Lumine's price analysis, check to measure Lumine'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 Lumine is operating at the current time. Most of Lumine's value examination focuses on studying past and present price action to predict the probability of Lumine's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Lumine's price. Additionally, you may evaluate how the addition of Lumine to your portfolios can decrease your overall portfolio volatility.