LNW Stock | | | USD 95.04 2.04 2.10% |
Light Wonder financial indicator trend analysis is infinitely more than just investigating Light Wonder recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Light Wonder is a good investment. Please check the relationship between Light Wonder Total Current Liabilities and its Cash accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Light Wonder. 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.
For more information on how to buy Light Stock please use our
How to Invest in Light Wonder guide.
Total Current Liabilities vs Cash
Total Current Liabilities vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Light Wonder Total Current Liabilities account and
Cash. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Light Wonder's Total Current Liabilities and Cash is 0.57. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Cash in the same time period over historical financial statements of Light Wonder, assuming nothing else is changed. The correlation between historical values of Light Wonder's Total Current Liabilities and Cash 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 Current Liabilities of Light Wonder are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Total Current Liabilities i.e., Light Wonder's Total Current Liabilities and Cash go up and down completely randomly.
Correlation Coefficient | 0.57 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Total Current Liabilities
Total Current Liabilities is an item on Light Wonder balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Light Wonder 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.
Cash
Cash refers to the most liquid asset of Light Wonder, which is listed under current asset account on Light Wonder balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Light Wonder customers. The amounts must be unrestricted with restricted cash listed in a different Light Wonder account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Most indicators from Light Wonder's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Light Wonder 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 Light Wonder. 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.
For more information on how to buy Light Stock please use our
How to Invest in Light Wonder guide.At this time, Light Wonder's
Tax Provision is fairly stable compared to the past year.
Discontinued Operations is likely to climb to about 4.7
B in 2024, whereas
Enterprise Value Over EBITDA is likely to drop 10.14 in 2024.
Light Wonder fundamental ratios Correlations
Click cells to compare fundamentals
Light Wonder Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Light Wonder fundamental ratios Accounts
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Additional Tools for Light Stock Analysis
When running Light Wonder's price analysis, check to
measure Light Wonder'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 Light Wonder is operating at the current time. Most of Light Wonder's value examination focuses on studying past and present price action to
predict the probability of Light Wonder's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Light Wonder's price. Additionally, you may evaluate how the addition of Light Wonder to your portfolios can decrease your overall portfolio volatility.