Lexaria Net Tangible Assets vs Common Stock Analysis

LEXX Stock  USD 2.26  0.08  3.42%   
Lexaria Bioscience financial indicator trend analysis is infinitely more than just investigating Lexaria Bioscience Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Lexaria Bioscience Corp is a good investment. Please check the relationship between Lexaria Bioscience Net Tangible Assets and its Common Stock accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lexaria Bioscience 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 interest.

Net Tangible Assets vs Common Stock

Net Tangible Assets vs Common Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Lexaria Bioscience Corp Net Tangible Assets account and Common Stock. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Lexaria Bioscience's Net Tangible Assets and Common Stock is -0.65. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Common Stock in the same time period over historical financial statements of Lexaria Bioscience Corp, assuming nothing else is changed. The correlation between historical values of Lexaria Bioscience's Net Tangible Assets and Common Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Tangible Assets of Lexaria Bioscience Corp are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Net Tangible Assets i.e., Lexaria Bioscience's Net Tangible Assets and Common Stock go up and down completely randomly.

Correlation Coefficient

-0.65
Relationship DirectionNegative 
Relationship StrengthWeak

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

Common Stock

Most indicators from Lexaria Bioscience's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Lexaria Bioscience 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 Lexaria Bioscience 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 interest.
At this time, Lexaria Bioscience's Issuance Of Capital Stock is fairly stable compared to the past year. Enterprise Value Over EBITDA is likely to rise to 395.77 in 2024, whereas Selling General Administrative is likely to drop slightly above 2.5 M in 2024.

Lexaria Bioscience fundamental ratios Correlations

0.460.290.990.05-0.9-0.660.510.950.220.950.530.160.360.620.760.310.230.95-0.55-0.19-0.540.49-0.19-0.550.32
0.460.420.42-0.18-0.43-0.70.970.450.00.420.550.40.740.90.710.450.010.48-0.31-0.270.090.0-0.29-0.50.73
0.290.420.140.80.12-0.070.510.020.870.01-0.22-0.020.430.260.111.00.880.03-0.430.420.180.130.410.130.27
0.990.420.14-0.09-0.95-0.690.460.980.080.990.590.180.310.610.780.160.080.98-0.51-0.28-0.60.46-0.28-0.60.3
0.05-0.180.8-0.090.370.31-0.06-0.230.97-0.23-0.55-0.290.03-0.29-0.280.780.97-0.25-0.270.650.110.20.650.41-0.16
-0.9-0.430.12-0.950.370.68-0.43-0.990.22-0.99-0.68-0.23-0.23-0.62-0.760.10.21-0.990.380.420.55-0.360.420.67-0.34
-0.66-0.7-0.07-0.690.310.68-0.68-0.680.1-0.66-0.88-0.35-0.66-0.87-0.99-0.120.11-0.710.290.570.48-0.390.590.66-0.33
0.510.970.510.46-0.06-0.43-0.680.470.120.440.480.420.760.910.70.540.130.5-0.4-0.180.07-0.02-0.2-0.50.76
0.950.450.020.98-0.23-0.99-0.680.47-0.071.00.630.210.280.630.770.04-0.071.0-0.45-0.34-0.550.39-0.34-0.640.35
0.220.00.870.080.970.220.10.12-0.07-0.07-0.37-0.210.21-0.08-0.060.860.99-0.08-0.370.560.020.280.560.27-0.05
0.950.420.010.99-0.23-0.99-0.660.441.0-0.070.620.20.260.610.760.03-0.071.0-0.45-0.34-0.570.4-0.34-0.630.33
0.530.55-0.220.59-0.55-0.68-0.880.480.63-0.370.620.250.510.680.86-0.18-0.410.660.13-0.77-0.30.46-0.8-0.550.14
0.160.4-0.020.18-0.29-0.23-0.350.420.21-0.210.20.250.290.50.35-0.01-0.20.23-0.21-0.39-0.05-0.21-0.38-0.090.24
0.360.740.430.310.03-0.23-0.660.760.280.210.260.510.290.690.650.490.210.32-0.18-0.24-0.010.2-0.28-0.360.38
0.620.90.260.61-0.29-0.62-0.870.910.63-0.080.610.680.50.690.880.3-0.070.66-0.45-0.41-0.240.05-0.42-0.640.64
0.760.710.110.78-0.28-0.76-0.990.70.77-0.060.760.860.350.650.880.15-0.070.8-0.35-0.53-0.50.41-0.55-0.680.36
0.310.451.00.160.780.1-0.120.540.040.860.03-0.18-0.010.490.30.150.870.05-0.440.390.160.150.390.10.28
0.230.010.880.080.970.210.110.13-0.070.99-0.07-0.41-0.20.21-0.07-0.070.87-0.07-0.430.58-0.010.220.580.24-0.03
0.950.480.030.98-0.25-0.99-0.710.51.0-0.081.00.660.230.320.660.80.05-0.07-0.45-0.37-0.550.41-0.37-0.640.35
-0.55-0.31-0.43-0.51-0.270.380.29-0.4-0.45-0.37-0.450.13-0.21-0.18-0.45-0.35-0.44-0.43-0.45-0.290.590.15-0.320.44-0.42
-0.19-0.270.42-0.280.650.420.57-0.18-0.340.56-0.34-0.77-0.39-0.24-0.41-0.530.390.58-0.37-0.290.22-0.181.00.060.26
-0.540.090.18-0.60.110.550.480.07-0.550.02-0.57-0.3-0.05-0.01-0.24-0.50.16-0.01-0.550.590.22-0.260.20.480.18
0.490.00.130.460.2-0.36-0.39-0.020.390.280.40.46-0.210.20.050.410.150.220.410.15-0.18-0.26-0.2-0.06-0.26
-0.19-0.290.41-0.280.650.420.59-0.2-0.340.56-0.34-0.8-0.38-0.28-0.42-0.550.390.58-0.37-0.321.00.2-0.20.090.24
-0.55-0.50.13-0.60.410.670.66-0.5-0.640.27-0.63-0.55-0.09-0.36-0.64-0.680.10.24-0.640.440.060.48-0.060.09-0.64
0.320.730.270.3-0.16-0.34-0.330.760.35-0.050.330.140.240.380.640.360.28-0.030.35-0.420.260.18-0.260.24-0.64
Click cells to compare fundamentals

Lexaria Bioscience Account Relationship Matchups

Lexaria Bioscience fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.8M13.3M7.8M3.1M8.9M9.3M
Other Current Liab96.7K45K51.7K239.9K1.1M1.1M
Total Current Liabilities225.9K153.3K194.0K267.7K1.1M1.2M
Total Stockholder Equity2.5M13.3M7.9M3.0M8.0M8.4M
Property Plant And Equipment Net610.3K459.3K367.9K421.6K389.6K370.1K
Net Debt(1.1M)(10.8M)(5.8M)(1.2M)(6.4M)(6.0M)
Retained Earnings(27.8M)(31.8M)(39.1M)(45.8M)(51.6M)(49.0M)
Accounts Payable45.1K59.9K25.8K225.0K1.1M1.1M
Cash1.3M10.9M5.8M1.4M6.5M6.8M
Non Current Assets Total902.3K823.9K856.4K884.2K969.8K1.3M
Cash And Short Term Investments1.3M11.8M6.2M1.5M6.6M6.9M
Common Stock Shares Outstanding2.8M4.4M5.9M6.6M12.4M13.0M
Liabilities And Stockholders Equity2.8M13.3M7.8M3.1M8.9M9.3M
Non Current Liabilities Total120.1K50.0K7.4K136.2K109.3K209.8K
Other Current Assets182.1K319.3K576.8K546.8K1.2M1.2M
Other Stockholder Equity30.3M45.1M47.0M48.8M59.6M62.6M
Total Liab346.0K203.3K201.4K403.9K1.2M1.3M
Property Plant And Equipment Gross483.4K773.2K747.9K896.8K807.1K1.4M
Total Current Assets1.9M12.4M7.0M2.2M7.9M8.3M
Common Stock90.0K5.7K6.0K8.1K9.3K8.8K
Net Receivables313.9K342.4K201.8K175.2K154.5K166.2K
Inventory116.9K29.6K38.4K1.00.90.86
Non Currrent Assets Other(902.3K)(823.9K)(856.4K)(884.2K)63.6K66.8K
Intangible Assets292K364.6K488.5K462.6K516.7K295.9K
Net Tangible Assets2.1M2.2M12.9M7.5M8.6M5.5M
Net Invested Capital2.6M13.3M7.9M3.0M3.5M5.4M
Net Working Capital1.7M12.3M6.8M1.9M2.2M2.1M
Property Plant Equipment591.3K610.3K459.3K367.9K423.1K372.5K
Short Term Investments19.3K833.8K347.3K125.6K55.8K53.0K
Capital Stock90.0K5.7K6.0K8.1K7.3K6.9K

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When running Lexaria Bioscience's price analysis, check to measure Lexaria Bioscience'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 Lexaria Bioscience is operating at the current time. Most of Lexaria Bioscience's value examination focuses on studying past and present price action to predict the probability of Lexaria Bioscience's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Lexaria Bioscience's price. Additionally, you may evaluate how the addition of Lexaria Bioscience to your portfolios can decrease your overall portfolio volatility.