ChampionX Long Term Debt vs Short Term Debt Analysis
CHX Stock | USD 34.36 0.17 0.50% |
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 Long Term Debt and its Short Term Debt 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 tightly coupled 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.
Long Term Debt vs Short Term Debt
Long Term Debt vs Short Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ChampionX Long Term Debt account and Short Term Debt. At this time, the significance of the direction appears to have strong relationship.
The correlation between ChampionX's Long Term Debt and Short Term Debt is 0.79. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Short Term Debt in the same time period over historical financial statements of ChampionX, assuming nothing else is changed. The correlation between historical values of ChampionX's Long Term Debt and Short Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of ChampionX are associated (or correlated) with its Short Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Debt has no effect on the direction of Long Term Debt i.e., ChampionX's Long Term Debt and Short Term Debt go up and down completely randomly.
Correlation Coefficient | 0.79 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Long Term Debt
Long-term debt is a debt that ChampionX has held for over one year. Long-term debt appears on ChampionX balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on ChampionX balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.Short Term Debt
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 tightly coupled 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 |
ChampionX fundamental ratios Correlations
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ChampionX Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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 |
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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 tightly coupled 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.Note that the ChampionX information on this page should be used as a complementary analysis to other ChampionX's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
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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.
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Is ChampionX's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of ChampionX. If investors know ChampionX will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about ChampionX listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.871 | Dividend Share 0.35 | Earnings Share 1.84 | Revenue Per Share 19.216 | Quarterly Revenue Growth (0.03) |
The market value of ChampionX is measured differently than its book value, which is the value of ChampionX that is recorded on the company's balance sheet. Investors also form their own opinion of ChampionX's value that differs from its market value or its book value, called intrinsic value, which is ChampionX's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ChampionX's market value can be influenced by many factors that don't directly affect ChampionX's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ChampionX's value and its price as these two are different measures arrived at by different means. Investors typically determine if ChampionX is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ChampionX's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.