LXCHEM Stock | | | 244.15 0.30 0.12% |
Laxmi Organic financial indicator trend analysis is infinitely more than just investigating Laxmi Organic Industries recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Laxmi Organic Industries is a good investment. Please check the relationship between Laxmi Organic Total Stockholder Equity and its Net Debt accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Laxmi Organic Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in income.
Total Stockholder Equity vs Net Debt
Total Stockholder Equity vs Net Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Laxmi Organic Industries Total Stockholder Equity account and
Net Debt. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Laxmi Organic's Total Stockholder Equity and Net Debt is -0.48. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Net Debt in the same time period over historical financial statements of Laxmi Organic Industries, assuming nothing else is changed. The correlation between historical values of Laxmi Organic's Total Stockholder Equity and Net Debt 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 Stockholder Equity of Laxmi Organic Industries are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Total Stockholder Equity i.e., Laxmi Organic's Total Stockholder Equity and Net Debt go up and down completely randomly.
Correlation Coefficient | -0.48 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.
Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.
Most indicators from Laxmi Organic's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Laxmi Organic Industries 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 Laxmi Organic Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in income.
The current year's
Selling General Administrative is expected to grow to about 1.6
B, whereas
Tax Provision is forecasted to decline to about 416
M.
Laxmi Organic fundamental ratios Correlations
Click cells to compare fundamentals
Laxmi Organic Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Laxmi Organic fundamental ratios Accounts
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Other Information on Investing in Laxmi Stock
Balance Sheet is a snapshot of the
financial position of Laxmi Organic Industries at a specified time, usually calculated after every quarter, six months, or one year. Laxmi Organic Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Laxmi Organic 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 Laxmi currently owns. An asset can also be divided into two categories, current and non-current.