Levima Other Stockholder Equity vs Accounts Payable Analysis

003022 Stock   15.71  0.12  0.77%   
Levima Advanced financial indicator trend analysis is infinitely more than just investigating Levima Advanced Materials recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Levima Advanced Materials is a good investment. Please check the relationship between Levima Advanced Other Stockholder Equity and its Accounts Payable accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Levima Advanced Materials. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Other Stockholder Equity vs Accounts Payable

Other Stockholder Equity vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Levima Advanced Materials Other Stockholder Equity account and Accounts Payable. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Levima Advanced's Other Stockholder Equity and Accounts Payable is 0.55. Overlapping area represents the amount of variation of Other Stockholder Equity that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Levima Advanced Materials, assuming nothing else is changed. The correlation between historical values of Levima Advanced's Other Stockholder Equity 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 Other Stockholder Equity of Levima Advanced Materials 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 Other Stockholder Equity i.e., Levima Advanced's Other Stockholder Equity and Accounts Payable go up and down completely randomly.

Correlation Coefficient

0.55
Relationship DirectionPositive 
Relationship StrengthWeak

Other Stockholder Equity

Accounts Payable

An accounting item on the balance sheet that represents Levima Advanced 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 Levima Advanced Materials 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 Levima Advanced's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Levima Advanced Materials 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Levima Advanced Materials. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
The current year's Selling General Administrative is expected to grow to about 244.7 M. The current year's Tax Provision is expected to grow to about 67.5 M
 2021 2022 2023 2024 (projected)
Interest Expense154.0M142.0M344.4K327.1K
Depreciation And Amortization603.2M713.2M820.2M525.0M

Levima Advanced fundamental ratios Correlations

0.78-0.720.740.910.97-0.30.910.80.830.980.640.860.770.010.96-0.560.870.670.920.540.980.960.880.930.65
0.78-0.430.820.510.870.30.580.770.40.870.480.440.490.20.74-0.150.430.890.520.480.860.670.770.510.12
-0.72-0.43-0.63-0.84-0.580.63-0.84-0.57-0.87-0.64-0.85-0.86-0.970.55-0.640.92-0.85-0.12-0.79-0.81-0.63-0.82-0.66-0.77-0.71
0.740.82-0.630.590.71-0.030.60.670.590.750.720.620.68-0.310.61-0.420.580.650.610.810.750.710.770.580.36
0.910.51-0.840.590.8-0.640.940.610.980.830.630.980.9-0.280.9-0.810.980.30.990.620.830.970.720.980.8
0.970.87-0.580.710.8-0.080.840.840.680.990.540.710.650.20.95-0.380.730.80.810.420.990.890.880.830.49
-0.30.30.63-0.03-0.64-0.08-0.55-0.08-0.74-0.12-0.42-0.7-0.620.61-0.30.8-0.70.47-0.63-0.4-0.12-0.47-0.15-0.61-0.82
0.910.58-0.840.60.940.84-0.550.810.890.850.730.880.86-0.160.91-0.730.890.410.920.580.840.920.820.940.77
0.80.77-0.570.670.610.84-0.080.810.530.840.720.530.540.190.75-0.270.550.760.640.370.820.690.920.690.52
0.830.4-0.870.590.980.68-0.740.890.530.720.681.00.92-0.450.79-0.870.990.170.970.70.720.920.650.950.86
0.980.87-0.640.750.830.99-0.120.850.840.720.610.750.690.130.93-0.440.770.780.830.481.00.910.910.850.52
0.640.48-0.850.720.630.54-0.420.730.720.680.610.680.75-0.40.47-0.670.660.330.630.70.580.640.80.630.68
0.860.44-0.860.620.980.71-0.70.880.531.00.750.680.91-0.420.8-0.851.00.220.980.70.750.930.670.950.84
0.770.49-0.970.680.90.65-0.620.860.540.920.690.750.91-0.570.74-0.920.890.150.850.860.680.890.630.820.67
0.010.20.55-0.31-0.280.20.61-0.160.19-0.450.13-0.4-0.42-0.570.050.69-0.360.52-0.25-0.760.13-0.210.07-0.17-0.31
0.960.74-0.640.610.90.95-0.30.910.750.790.930.470.80.740.05-0.530.820.590.890.470.930.940.770.910.56
-0.56-0.150.92-0.42-0.81-0.380.8-0.73-0.27-0.87-0.44-0.67-0.85-0.920.69-0.53-0.830.18-0.74-0.75-0.44-0.74-0.42-0.71-0.69
0.870.43-0.850.580.980.73-0.70.890.550.990.770.661.00.89-0.360.82-0.830.240.980.640.770.940.70.970.86
0.670.89-0.120.650.30.80.470.410.760.170.780.330.220.150.520.590.180.240.360.120.780.470.750.390.07
0.920.52-0.790.610.990.81-0.630.920.640.970.830.630.980.85-0.250.89-0.740.980.360.60.830.950.740.990.84
0.540.48-0.810.810.620.42-0.40.580.370.70.480.70.70.86-0.760.47-0.750.640.120.60.470.660.460.530.4
0.980.86-0.630.750.830.99-0.120.840.820.721.00.580.750.680.130.93-0.440.770.780.830.470.910.90.850.52
0.960.67-0.820.710.970.89-0.470.920.690.920.910.640.930.89-0.210.94-0.740.940.470.950.660.910.80.960.69
0.880.77-0.660.770.720.88-0.150.820.920.650.910.80.670.630.070.77-0.420.70.750.740.460.90.80.780.61
0.930.51-0.770.580.980.83-0.610.940.690.950.850.630.950.82-0.170.91-0.710.970.390.990.530.850.960.780.85
0.650.12-0.710.360.80.49-0.820.770.520.860.520.680.840.67-0.310.56-0.690.860.070.840.40.520.690.610.85
Click cells to compare fundamentals

Levima Advanced Account Relationship Matchups

Levima Advanced fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets7.9B9.5B12.1B14.1B17.0B11.7B
Short Long Term Debt Total3.8B3.0B4.2B5.1B5.8B4.5B
Other Current Liab246.9M350.7M416.6M257.0M16.0M15.2M
Total Current Liabilities2.6B2.4B3.5B3.5B5.7B3.9B
Total Stockholder Equity3.2B5.4B6.3B6.9B7.1B4.9B
Property Plant And Equipment Net5.3B5.3B7.5B8.7B10.4B7.4B
Net Debt2.9B563.7M2.0B2.7B3.6B2.2B
Retained Earnings644.2M1.2B2.0B2.5B2.6B2.8B
Accounts Payable169.7M242.0M501.2M811.9M1.3B1.4B
Cash929.0M2.4B2.2B2.4B2.5B1.7B
Non Current Assets Total6.3B6.3B8.7B10.4B13.0B8.8B
Non Currrent Assets Other388.6M367.4M130.4M210.1M704.1M739.3M
Cash And Short Term Investments929.0M2.4B2.2B2.4B2.8B1.5B
Common Stock Shares Outstanding1.2B1.1B1.3B1.3B1.3B1.3B
Liabilities And Stockholders Equity7.9B9.5B12.1B14.1B16.2B10.7B
Non Current Liabilities Total2.0B1.6B2.0B3.2B3.4B2.6B
Inventory373.6M409.3M601.1M661.7M651.6M530.7M
Other Current Assets10.7M15.0M18.2M219.2M285.1M249.0M
Other Stockholder Equity1.7B3.2B3.0B3.1B3.6B2.4B
Total Liab4.6B4.0B5.5B6.7B9.2B6.5B
Total Current Assets1.6B3.3B3.4B3.7B4.0B2.9B
Short Term Debt2.2B1.8B2.6B2.4B2.8B2.5B
Intangible Assets588.6M583.1M1.0B1.2B1.6B943.6M

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

Other Information on Investing in Levima Stock

Balance Sheet is a snapshot of the financial position of Levima Advanced Materials at a specified time, usually calculated after every quarter, six months, or one year. Levima Advanced Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Levima Advanced 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 Levima currently owns. An asset can also be divided into two categories, current and non-current.