ChampionX Good Will vs Cash And Short Term Investments Analysis

CHX Stock

USD 31.56 0.58 1.87%

ChampionX financial indicator trend analysis is way more than just evaluating ChampionX prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ChampionX is a good investment. Please check the relationship between ChampionX Good Will and its Cash And Short Term Investments accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ChampionX. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

For more information on how to buy ChampionX Stock please use our How to Invest in ChampionX guide.

Good Will vs Cash And Short Term Investments

Good Will vs Cash And Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ChampionX Good Will account and Cash And Short Term Investments. At this time, the significance of the direction appears to have pay attention.

The correlation between ChampionX's Good Will and Cash And Short Term Investments is -0.99. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of ChampionX, assuming nothing else is changed. The correlation between historical values of ChampionX's Good Will and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Good Will of ChampionX are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Good Will i.e., ChampionX's Good Will and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

-0.99

Relationship Direction	Negative
Relationship Strength	Significant

View All Relationships

Good Will

An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of ChampionX balance sheet. This account contains ChampionX investments that will expire within one year. These investments include stocks and bonds that can be liquidated by ChampionX fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

Most indicators from ChampionX's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ChampionX 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 ChampionX. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

For more information on how to buy ChampionX Stock please use our How to Invest in ChampionX guide.Tax Provision is likely to rise to about 94.9 M in 2024, whereas Selling General Administrative is likely to drop slightly above 427.6 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	743.3M	898.7M	1.1B	601.8M
Total Revenue	3.1B	3.8B	3.8B	2.2B

Gross Profit Total Revenue

ChampionX fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Long Term Debt Total	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Intangible Assets	Property Plant Equipment
Total Assets		0.79	0.99	0.97	0.39	0.99	0.65	0.95	0.92	0.94	0.77	0.89	0.92	0.99	-0.95	0.96	0.79	0.84	0.98	0.98	0.78	0.94	0.83	0.98	-0.16	0.97
Short Long Term Debt Total	0.79		0.83	0.8	-0.24	0.81	0.97	0.78	0.77	0.68	0.87	0.69	0.77	0.85	-0.75	0.72	1.0	0.99	0.75	0.88	0.76	0.95	0.66	0.81	-0.46	0.81
Other Current Liab	0.99	0.83		0.99	0.31	0.99	0.69	0.97	0.92	0.89	0.8	0.87	0.92	0.99	-0.94	0.97	0.84	0.86	0.98	0.99	0.81	0.96	0.84	0.99	-0.25	0.98
Total Current Liabilities	0.97	0.8	0.99		0.31	0.97	0.64	0.99	0.93	0.83	0.77	0.88	0.93	0.99	-0.92	0.99	0.8	0.82	0.99	0.98	0.82	0.94	0.85	1.0	-0.33	0.95
Total Stockholder Equity	0.39	-0.24	0.31	0.31		0.35	-0.42	0.3	0.32	0.5	-0.07	0.36	0.32	0.27	-0.39	0.4	-0.24	-0.15	0.39	0.23	0.1	0.06	0.33	0.32	0.49	0.33
Property Plant And Equipment Net	0.99	0.81	0.99	0.97	0.35		0.67	0.94	0.92	0.91	0.77	0.85	0.92	0.98	-0.94	0.94	0.82	0.85	0.96	0.97	0.79	0.94	0.84	0.98	-0.2	1.0
Net Debt	0.65	0.97	0.69	0.64	-0.42	0.67		0.62	0.62	0.56	0.81	0.55	0.62	0.72	-0.61	0.55	0.97	0.96	0.59	0.75	0.66	0.86	0.51	0.66	-0.45	0.67
Accounts Payable	0.95	0.78	0.97	0.99	0.3	0.94	0.62		0.93	0.79	0.76	0.9	0.93	0.97	-0.91	0.99	0.79	0.79	0.99	0.96	0.81	0.92	0.84	0.99	-0.38	0.93
Cash	0.92	0.77	0.92	0.93	0.32	0.92	0.62	0.93		0.82	0.75	0.8	1.0	0.92	-0.99	0.93	0.77	0.78	0.93	0.91	0.81	0.89	0.95	0.93	-0.43	0.89
Non Current Assets Total	0.94	0.68	0.89	0.83	0.5	0.91	0.56	0.79	0.82		0.67	0.81	0.82	0.88	-0.89	0.82	0.67	0.76	0.85	0.88	0.65	0.83	0.71	0.86	0.13	0.89
Non Currrent Assets Other	0.77	0.87	0.8	0.77	-0.07	0.77	0.81	0.76	0.75	0.67		0.74	0.75	0.81	-0.73	0.72	0.86	0.86	0.72	0.85	0.95	0.86	0.6	0.78	-0.42	0.76
Other Assets	0.89	0.69	0.87	0.88	0.36	0.85	0.55	0.9	0.8	0.81	0.74		0.8	0.87	-0.78	0.9	0.68	0.72	0.9	0.88	0.71	0.83	0.61	0.88	-0.13	0.81
Cash And Short Term Investments	0.92	0.77	0.92	0.93	0.32	0.92	0.62	0.93	1.0	0.82	0.75	0.8		0.92	-0.99	0.93	0.77	0.78	0.93	0.91	0.81	0.89	0.95	0.93	-0.43	0.89
Net Receivables	0.99	0.85	0.99	0.99	0.27	0.98	0.72	0.97	0.92	0.88	0.81	0.87	0.92		-0.93	0.96	0.85	0.88	0.98	0.99	0.83	0.97	0.84	0.99	-0.29	0.97
Good Will	-0.95	-0.75	-0.94	-0.92	-0.39	-0.94	-0.61	-0.91	-0.99	-0.89	-0.73	-0.78	-0.99	-0.93		-0.92	-0.75	-0.78	-0.93	-0.92	-0.78	-0.89	-0.95	-0.94	0.29	-0.92
Common Stock Shares Outstanding	0.96	0.72	0.97	0.99	0.4	0.94	0.55	0.99	0.93	0.82	0.72	0.9	0.93	0.96	-0.92		0.73	0.74	1.0	0.95	0.78	0.89	0.85	0.98	-0.3	0.93
Long Term Debt Total	0.79	1.0	0.84	0.8	-0.24	0.82	0.97	0.79	0.77	0.67	0.86	0.68	0.77	0.85	-0.75	0.73		0.98	0.76	0.87	0.76	0.95	0.66	0.82	-0.48	0.82
Non Current Liabilities Total	0.84	0.99	0.86	0.82	-0.15	0.85	0.96	0.79	0.78	0.76	0.86	0.72	0.78	0.88	-0.78	0.74	0.98		0.78	0.9	0.75	0.96	0.66	0.84	-0.34	0.84
Inventory	0.98	0.75	0.98	0.99	0.39	0.96	0.59	0.99	0.93	0.85	0.72	0.9	0.93	0.98	-0.93	1.0	0.76	0.78		0.96	0.77	0.92	0.85	0.99	-0.27	0.95
Other Current Assets	0.98	0.88	0.99	0.98	0.23	0.97	0.75	0.96	0.91	0.88	0.85	0.88	0.91	0.99	-0.92	0.95	0.87	0.9	0.96		0.84	0.98	0.81	0.98	-0.3	0.96
Other Stockholder Equity	0.78	0.76	0.81	0.82	0.1	0.79	0.66	0.81	0.81	0.65	0.95	0.71	0.81	0.83	-0.78	0.78	0.76	0.75	0.77	0.84		0.81	0.7	0.82	-0.47	0.79
Total Liab	0.94	0.95	0.96	0.94	0.06	0.94	0.86	0.92	0.89	0.83	0.86	0.83	0.89	0.97	-0.89	0.89	0.95	0.96	0.92	0.98	0.81		0.78	0.95	-0.35	0.94
Property Plant And Equipment Gross	0.83	0.66	0.84	0.85	0.33	0.84	0.51	0.84	0.95	0.71	0.6	0.61	0.95	0.84	-0.95	0.85	0.66	0.66	0.85	0.81	0.7	0.78		0.85	-0.47	0.83
Total Current Assets	0.98	0.81	0.99	1.0	0.32	0.98	0.66	0.99	0.93	0.86	0.78	0.88	0.93	0.99	-0.94	0.98	0.82	0.84	0.99	0.98	0.82	0.95	0.85		-0.3	0.97
Intangible Assets	-0.16	-0.46	-0.25	-0.33	0.49	-0.2	-0.45	-0.38	-0.43	0.13	-0.42	-0.13	-0.43	-0.29	0.29	-0.3	-0.48	-0.34	-0.27	-0.3	-0.47	-0.35	-0.47	-0.3		-0.2
Property Plant Equipment	0.97	0.81	0.98	0.95	0.33	1.0	0.67	0.93	0.89	0.89	0.76	0.81	0.89	0.97	-0.92	0.93	0.82	0.84	0.95	0.96	0.79	0.94	0.83	0.97	-0.2

Click cells to compare fundamentals

ChampionX Account Relationship Matchups

ChampionX fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.9B	3.5B	3.5B	3.4B	3.2B	2.8B
Short Long Term Debt Total	559.8M	932.6M	724.5M	628.0M	665.8M	511.8M
Other Current Liab	79.4M	279.4M	286.7M	288.9M	274.2M	173.5M
Total Current Liabilities	199.7M	622.6M	802.3M	859.0M	782.7M	471.8M
Total Stockholder Equity	1.0B	1.6B	1.8B	1.7B	1.7B	1.7B
Property Plant And Equipment Net	248.2M	854.5M	776.8M	734.8M	843.1M	531.5M
Net Debt	524.5M	731.2M	472.8M	377.8M	377.2M	373.8M
Accounts Payable	120.3M	299.7M	473.6M	469.6M	451.7M	267.4M
Cash	35.3M	201.4M	251.7M	250.2M	288.6M	303.0M
Non Current Assets Total	1.4B	2.2B	2.1B	1.9B	1.8B	1.9B
Non Currrent Assets Other	31.4M	195.8M	192.7M	71.7M	60.6M	46.8M
Other Assets	7.1M	73.3M	192.7M	76.7M	88.2M	50.8M
Cash And Short Term Investments	35.3M	201.4M	251.7M	250.2M	288.6M	303.0M
Net Receivables	219.9M	559.5M	584.4M	601.1M	534.5M	398.6M
Good Will	911.1M	680.6M	702.9M	679.5M	669.1M	645.6M
Common Stock Shares Outstanding	77.6M	148.4M	208.3M	207.3M	199.9M	141.3M
Long Term Debt Total	559.8M	905.8M	697.7M	621.7M	715.0M	475.6M
Liabilities And Stockholders Equity	1.9B	3.5B	3.5B	3.4B	3.2B	2.8B
Non Current Liabilities Total	686.9M	1.2B	978.1M	851.3M	797.9M	716.1M
Inventory	211.3M	430.1M	542.9M	542.5M	521.5M	375.2M
Other Current Assets	26.9M	74.8M	78.4M	75.5M	65.2M	45.2M
Other Stockholder Equity	969.2M	2.3B	2.3B	2.2B	2.2B	1.7B
Total Liab	886.6M	1.9B	1.8B	1.7B	1.6B	1.2B
Property Plant And Equipment Gross	248.2M	977.0M	776.8M	1.5B	1.6B	1.7B
Total Current Assets	493.4M	1.3B	1.5B	1.5B	1.4B	962.9M
Accumulated Other Comprehensive Income	(44.0M)	(30.8M)	(21.6M)	(29.5M)	(36.5M)	(34.7M)
Intangible Assets	238.7M	479.0M	401.5M	305.0M	243.6M	276.9M
Property Plant Equipment	272.5M	977.0M	776.8M	827.7M	951.9M	515.2M
Other Liab	107.7M	247.1M	280.4M	157.9M	181.6M	189.9M
Net Tangible Assets	(116.9M)	466.4M	666.3M	710.1M	816.6M	857.4M
Capital Lease Obligations	9.4M	116.8M	109.9M	88.5M	65.3M	55.7M
Non Current Liabilities Other	43.0M	334.9M	142.4M	135.4M	90.2M	105.5M
Common Stock	775K	2.0M	2.0M	2.0M	1.9M	1.8M
Long Term Debt	555.3M	905.8M	697.7M	621.7M	594.3M	635.4M
Net Invested Capital	1.6B	2.6B	2.5B	2.3B	2.3B	2.3B
Net Working Capital	293.8M	643.3M	658.6M	639.6M	642.7M	549.5M
Retained Earnings	107.0M	(638.5M)	(525.2M)	(527.6M)	(455.7M)	(478.5M)
Common Stock Total Equity	775K	2.0M	2.0M	2.0M	2.3M	1.7M

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.

VTSNX	Vanguard Total International
VBTIX	Vanguard Total Bond
VMCIX	Vanguard Mid Cap Index

Additional Tools for ChampionX Stock Analysis

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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

ChampionX Good Will vs Cash And Short Term Investments Analysis

Good Will vs Cash And Short Term Investments

Good Will vs Cash And Short Term Investments Correlation Analysis

Correlation Coefficient

Good Will

Cash And Short Term Investments

ChampionX fundamental ratios Correlations

ChampionX Account Relationship Matchups

High Positive Relationship

High Negative Relationship

ChampionX fundamental ratios Accounts

Also Currently Popular

Additional Tools for ChampionX Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Long Term Debt Total	+ 1.0	Short Long Term Debt Total
Total Current Assets	+ 1.0	Total Current Liabilities
Property Plant Equipment	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Inventory	+ 1.0	Common Stock Shares Outstanding
Other Current Liab	+ 0.99	Total Assets

Good Will	- 0.99	Cash And Short Term Investments
Good Will	- 0.99	Cash
Property Plant And Equipment Gross	- 0.95	Good Will
Good Will	- 0.95	Total Assets
Total Current Assets	- 0.94	Good Will
Good Will	- 0.94	Property Plant And Equipment Net