Lucero Other Liab vs Total Current Liabilities Analysis
| LOU Stock | 0.47 0.01 2.17% |
Lucero Energy financial indicator trend analysis is infinitely more than just investigating Lucero Energy Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Lucero Energy Corp is a good investment. Please check the relationship between Lucero Energy Other Liab and its Total Current Liabilities accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lucero Energy Corp. 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.
Other Liab vs Total Current Liabilities
Other Liab vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Lucero Energy Corp Other Liab account and Total Current Liabilities. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Lucero Energy's Other Liab and Total Current Liabilities is -0.64. Overlapping area represents the amount of variation of Other Liab that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Lucero Energy Corp, assuming nothing else is changed. The correlation between historical values of Lucero Energy's Other Liab 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 Other Liab of Lucero Energy Corp 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 Other Liab i.e., Lucero Energy's Other Liab and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | -0.64 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Other Liab
Total Current Liabilities
Total Current Liabilities is an item on Lucero Energy balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Lucero Energy Corp 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 Lucero Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Lucero Energy Corp 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 Lucero Energy Corp. 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, Lucero Energy's Selling General Administrative is fairly stable compared to the past year. Enterprise Value Over EBITDA is likely to climb to 2.07 in 2024, whereas Issuance Of Capital Stock is likely to drop 0.00 in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 140.4M | 230.5M | 140.2M | 142.6M | Total Revenue | 229.3M | 342.6M | 254.2M | 249.7M |
Lucero Energy fundamental ratios Correlations
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Lucero Energy Account Relationship Matchups
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Additional Tools for Lucero Stock Analysis
When running Lucero Energy's price analysis, check to measure Lucero Energy'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 Lucero Energy is operating at the current time. Most of Lucero Energy's value examination focuses on studying past and present price action to predict the probability of Lucero Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Lucero Energy's price. Additionally, you may evaluate how the addition of Lucero Energy to your portfolios can decrease your overall portfolio volatility.