| LNF Stock | | | CAD 25.58 0.03 0.12% |
Leons Furniture financial indicator trend analysis is infinitely more than just investigating Leons Furniture recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Leons Furniture is a good investment. Please check the relationship between Leons Furniture Inventory and its Accounts Payable accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Leons Furniture Limited. 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.
Inventory vs Accounts Payable
Inventory vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Leons Furniture Inventory account and
Accounts Payable. At this time, the significance of the direction appears to have strong relationship.
The correlation between Leons Furniture's Inventory and Accounts Payable is 0.7. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Leons Furniture Limited, assuming nothing else is changed. The correlation between historical values of Leons Furniture's Inventory and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory of Leons Furniture Limited are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Inventory i.e., Leons Furniture's Inventory and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 0.7 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Inventory
Accounts Payable
An accounting item on the balance sheet that represents Leons Furniture obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Leons Furniture are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
Most indicators from Leons Furniture's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Leons Furniture 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 Leons Furniture Limited. 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, Leons Furniture's
Selling General Administrative is very stable compared to the past year. As of the 18th of February 2025,
Enterprise Value Over EBITDA is likely to grow to 9.11, while
Tax Provision is likely to drop about 46.8
M.
Leons Furniture fundamental ratios Correlations
Click cells to compare fundamentals
Leons Furniture Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Leons Furniture fundamental ratios Accounts
Other Information on Investing in Leons Stock
Balance Sheet is a snapshot of the
financial position of Leons Furniture at a specified time, usually calculated after every quarter, six months, or one year. Leons Furniture Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Leons Furniture 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 Leons currently owns. An asset can also be divided into two categories, current and non-current.