Live Inventory vs Total Current Liabilities Analysis

0JVD Stock   140.70  1.83  1.32%   
Live Nation financial indicator trend analysis is infinitely more than just investigating Live Nation Entertainment recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Live Nation Entertainment is a good investment. Please check the relationship between Live Nation Inventory and its Total Current Liabilities accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Live Nation Entertainment. 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 Total Current Liabilities

Inventory vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Live Nation Entertainment Inventory account and Total Current Liabilities. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Live Nation's Inventory and Total Current Liabilities is 0.85. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Live Nation Entertainment, assuming nothing else is changed. The correlation between historical values of Live Nation's Inventory 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 Inventory of Live Nation Entertainment 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 Inventory i.e., Live Nation's Inventory and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.85
Relationship DirectionPositive 
Relationship StrengthStrong

Inventory

Total Current Liabilities

Total Current Liabilities is an item on Live Nation balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Live Nation Entertainment 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 Live Nation's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Live Nation Entertainment 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 Live Nation Entertainment. 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.
Selling General Administrative is likely to drop to about 167.5 M in 2024. Tax Provision is likely to gain to about (24.7 M) in 2024
 2021 2022 2023 2024 (projected)
Total Operating Expenses1.9B3.2B4.4B2.4B
Cost Of Revenue4.8B12.8B17.3B18.2B

Live Nation fundamental ratios Correlations

0.560.87-0.830.880.72-0.810.530.890.980.58-0.360.890.810.970.90.950.960.950.541.00.870.930.890.970.48
0.560.82-0.420.730.19-0.45-0.250.780.510.27-0.440.780.880.490.630.420.580.60.290.520.820.630.610.480.66
0.870.82-0.780.940.57-0.790.330.990.840.57-0.440.990.970.870.930.790.850.850.630.861.00.870.930.820.56
-0.83-0.42-0.78-0.84-0.80.99-0.53-0.83-0.86-0.520.13-0.83-0.64-0.89-0.82-0.92-0.83-0.69-0.74-0.87-0.78-0.82-0.84-0.92-0.51
0.880.730.94-0.840.73-0.820.330.940.90.55-0.380.940.90.870.910.880.820.810.550.870.940.890.90.890.65
0.720.190.57-0.80.73-0.740.550.60.820.790.010.60.460.810.760.860.630.630.480.750.570.650.790.820.27
-0.81-0.45-0.790.99-0.82-0.74-0.52-0.84-0.83-0.50.21-0.84-0.64-0.88-0.81-0.89-0.84-0.67-0.82-0.86-0.79-0.83-0.82-0.9-0.55
0.53-0.250.33-0.530.330.55-0.520.380.550.5-0.060.380.230.630.540.590.460.480.540.560.340.40.540.54-0.19
0.890.780.99-0.830.940.6-0.840.380.860.57-0.441.00.950.890.940.830.870.850.680.881.00.890.940.850.57
0.980.510.84-0.860.90.82-0.830.550.860.62-0.30.860.770.970.90.980.920.920.520.990.840.920.90.980.49
0.580.270.57-0.520.550.79-0.50.50.570.62-0.040.570.530.670.770.590.490.620.460.570.570.450.810.55-0.05
-0.36-0.44-0.440.13-0.380.010.21-0.06-0.44-0.3-0.04-0.44-0.49-0.31-0.3-0.23-0.4-0.36-0.39-0.32-0.46-0.55-0.28-0.27-0.5
0.890.780.99-0.830.940.6-0.840.381.00.860.57-0.440.950.890.940.830.870.850.680.881.00.890.940.850.57
0.810.880.97-0.640.90.46-0.640.230.950.770.53-0.490.950.780.890.690.770.840.490.770.980.820.870.720.52
0.970.490.87-0.890.870.81-0.880.630.890.970.67-0.310.890.780.930.960.930.90.650.980.870.910.930.970.4
0.90.630.93-0.820.910.76-0.810.540.940.90.77-0.30.940.890.930.870.850.910.620.890.940.850.990.870.37
0.950.420.79-0.920.880.86-0.890.590.830.980.59-0.230.830.690.960.870.90.850.590.970.80.890.870.990.49
0.960.580.85-0.830.820.63-0.840.460.870.920.49-0.40.870.770.930.850.90.910.610.960.850.950.830.930.54
0.950.60.85-0.690.810.63-0.670.480.850.920.62-0.360.850.840.90.910.850.910.40.930.860.880.870.870.35
0.540.290.63-0.740.550.48-0.820.540.680.520.46-0.390.680.490.650.620.590.610.40.570.630.60.660.590.39
1.00.520.86-0.870.870.75-0.860.560.880.990.57-0.320.880.770.980.890.970.960.930.570.860.930.880.980.5
0.870.821.0-0.780.940.57-0.790.341.00.840.57-0.461.00.980.870.940.80.850.860.630.860.880.930.820.56
0.930.630.87-0.820.890.65-0.830.40.890.920.45-0.550.890.820.910.850.890.950.880.60.930.880.830.920.62
0.890.610.93-0.840.90.79-0.820.540.940.90.81-0.280.940.870.930.990.870.830.870.660.880.930.830.870.36
0.970.480.82-0.920.890.82-0.90.540.850.980.55-0.270.850.720.970.870.990.930.870.590.980.820.920.870.54
0.480.660.56-0.510.650.27-0.55-0.190.570.49-0.05-0.50.570.520.40.370.490.540.350.390.50.560.620.360.54
Click cells to compare fundamentals

Live Nation Account Relationship Matchups

Live Nation fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets11.0B10.6B14.4B16.5B19.1B10.8B
Other Current Liab1.5B966.2M1.7B2.4B6.0B6.3B
Total Current Liabilities4.1B3.8B6.9B8.3B10.0B10.5B
Total Stockholder Equity1.1B(471.8M)(582.7M)(367.6M)(17.1M)(16.3M)
Property Plant And Equipment Net2.5B2.5B2.6B3.1B3.7B3.9B
Net Debt2.3B3.9B2.6B2.1B2.2B1.4B
Retained Earnings(949.3M)(2.7B)(3.3B)(3.0B)(2.4B)(2.5B)
Accounts Payable1.1B830.5M1.6B2.0B267.5M254.1M
Cash2.5B2.5B4.9B5.6B6.2B6.5B
Non Current Assets Total6.8B6.9B7.7B8.3B9.5B6.1B
Non Currrent Assets Other728.8M800.7M738.1M792.1M1.1B1.2B
Cash And Short Term Investments2.5B2.5B4.9B5.6B6.2B6.5B
Net Receivables1.0B501.3M1.1B1.5B2.1B2.2B
Good Will2.0B2.1B2.6B2.5B2.7B2.1B
Common Stock Shares Outstanding210.1M212.3M217.2M231.6M231.0M228.9M
Non Current Liabilities Total5.0B6.7B7.2B7.4B7.6B4.6B
Inventory16.1M22M33.8M38.7M45.1M23.1M
Other Current Assets711.8M603.2M699.0M1.0B1.2B717.8M
Other Stockholder Equity2.2B2.4B2.9B2.7B2.4B2.7B
Total Liab9.1B10.5B14.0B15.7B17.6B9.3B
Total Current Assets4.2B3.6B6.7B8.2B9.6B10.1B
Intangible Assets1.2B1.2B1.4B1.4B1.5B1.3B
Common Stock2.1M2.1M2.2M2.3M2.3M2.3M
Short Long Term Debt Total4.8B6.5B7.5B7.7B8.4B4.8B
Liabilities And Stockholders Equity11.0B10.6B14.4B16.5B19.1B11.2B
Accumulated Other Comprehensive Income(145.7M)(177.0M)(148.0M)(90.1M)27.5M28.8M
Short Term Debt159.7M160.6M709.0M760.3M1.3B1.4B
Current Deferred Revenue1.4B1.8B2.8B3.1B2.4B1.8B
Long Term Debt2.0B2.7B3.3B4.9B5.6B3.3B
Capital Surpluse2.4B2.3B2.2B2.4B2.1B1.9B
Property Plant Equipment2.5B2.5B2.6B3.1B3.5B2.1B
Other Liab308.8M353.3M431.6M456.0M524.4M404.0M
Net Tangible Assets(2.1B)(3.8B)(4.6B)(4.3B)(3.9B)(4.1B)

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