Luminar Short Term Debt vs Net Invested Capital Analysis

LAZR Stock  USD 1.43  0.02  1.38%   
Luminar Technologies financial indicator trend analysis is infinitely more than just investigating Luminar Technologies recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Luminar Technologies is a good investment. Please check the relationship between Luminar Technologies Short Term Debt and its Net Invested Capital accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Luminar Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
To learn how to invest in Luminar Stock, please use our How to Invest in Luminar Technologies guide.

Short Term Debt vs Net Invested Capital

Short Term Debt vs Net Invested Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Luminar Technologies Short Term Debt account and Net Invested Capital. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Luminar Technologies' Short Term Debt and Net Invested Capital is -0.37. Overlapping area represents the amount of variation of Short Term Debt that can explain the historical movement of Net Invested Capital in the same time period over historical financial statements of Luminar Technologies, assuming nothing else is changed. The correlation between historical values of Luminar Technologies' Short Term Debt and Net Invested Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Debt of Luminar Technologies are associated (or correlated) with its Net Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Invested Capital has no effect on the direction of Short Term Debt i.e., Luminar Technologies' Short Term Debt and Net Invested Capital go up and down completely randomly.

Correlation Coefficient

-0.37
Relationship DirectionNegative 
Relationship StrengthInsignificant

Short Term Debt

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.
Most indicators from Luminar Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Luminar Technologies 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 Luminar Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
To learn how to invest in Luminar Stock, please use our How to Invest in Luminar Technologies guide.As of 06/09/2024, Tax Provision is likely to grow to about 1.8 M, while Selling General Administrative is likely to drop slightly above 100.7 M.
 2021 2022 2023 2024 (projected)
Depreciation And Amortization7.6M16.8M33.6M35.3M
Interest Income3.5M5.0M13.1M13.8M

Luminar Technologies fundamental ratios Correlations

0.920.410.25-0.980.920.990.890.870.670.990.780.890.20.920.840.950.480.980.580.890.660.850.870.360.72
0.920.40.2-0.880.970.910.760.90.60.910.70.920.160.810.80.920.370.90.650.910.560.870.910.490.63
0.410.40.69-0.450.580.370.420.710.790.350.770.720.630.290.260.520.820.320.360.730.80.270.670.30.73
0.250.20.69-0.340.410.150.290.460.850.140.780.440.940.090.480.150.910.120.240.460.860.130.56-0.430.78
-0.98-0.88-0.45-0.34-0.92-0.97-0.96-0.89-0.7-0.97-0.8-0.88-0.23-0.95-0.89-0.9-0.58-0.97-0.42-0.87-0.69-0.72-0.88-0.29-0.71
0.920.970.580.41-0.920.890.80.970.770.890.850.980.360.80.840.910.590.870.640.970.730.810.980.390.77
0.990.910.370.15-0.970.890.910.840.581.00.70.860.060.960.80.960.411.00.50.860.570.80.820.450.62
0.890.760.420.29-0.960.80.910.810.580.910.680.770.090.970.820.820.570.920.160.760.590.510.770.30.56
0.870.90.710.46-0.890.970.840.810.790.830.850.980.390.780.770.880.680.820.520.970.760.680.980.430.76
0.670.60.790.85-0.70.770.580.580.790.570.990.810.840.460.690.60.920.540.580.821.00.570.85-0.070.98
0.990.910.350.14-0.970.891.00.910.830.570.690.850.050.960.80.960.41.00.490.850.550.80.810.440.61
0.780.70.770.78-0.80.850.70.680.850.990.690.870.750.590.750.710.880.670.60.880.980.650.90.020.98
0.890.920.720.44-0.880.980.860.770.980.810.850.870.40.750.730.920.640.840.661.00.780.790.970.470.81
0.20.160.630.94-0.230.360.060.090.390.840.050.750.4-0.070.380.090.810.020.420.420.840.220.5-0.470.8
0.920.810.290.09-0.950.80.960.970.780.460.960.590.75-0.070.780.880.390.970.240.740.460.610.720.410.47
0.840.80.260.48-0.890.840.80.820.770.690.80.750.730.380.780.660.590.80.360.720.670.630.84-0.070.67
0.950.920.520.15-0.90.910.960.820.880.60.960.710.920.090.880.660.410.950.620.920.590.830.840.610.65
0.480.370.820.91-0.580.590.410.570.680.920.40.880.640.810.390.590.410.380.210.650.930.220.71-0.180.84
0.980.90.320.12-0.970.871.00.920.820.541.00.670.840.020.970.80.950.380.470.830.530.780.80.430.59
0.580.650.360.24-0.420.640.50.160.520.580.490.60.660.420.240.360.620.210.470.670.540.90.610.260.69
0.890.910.730.46-0.870.970.860.760.970.820.850.881.00.420.740.720.920.650.830.670.790.780.970.460.82
0.660.560.80.86-0.690.730.570.590.761.00.550.980.780.840.460.670.590.930.530.540.790.530.82-0.10.98
0.850.870.270.13-0.720.810.80.510.680.570.80.650.790.220.610.630.830.220.780.90.780.530.740.360.68
0.870.910.670.56-0.880.980.820.770.980.850.810.90.970.50.720.840.840.710.80.610.970.820.740.290.83
0.360.490.3-0.43-0.290.390.450.30.43-0.070.440.020.47-0.470.41-0.070.61-0.180.430.260.46-0.10.360.29-0.05
0.720.630.730.78-0.710.770.620.560.760.980.610.980.810.80.470.670.650.840.590.690.820.980.680.83-0.05
Click cells to compare fundamentals

Luminar Technologies Account Relationship Matchups

Luminar Technologies fundamental ratios Accounts

201920202021202220232024 (projected)
Other Current Liab3.3M8.2M18.9M51.0M49.5M52.0M
Total Current Liabilities14.8M16.6M39.0M77.5M83.9M45.9M
Other Liab1.1M826K31.8M7.0M8.1M9.4M
Net Tangible Assets(212.4M)148.0M192.5M(67.3M)(77.4M)(73.5M)
Retained Earnings(222.2M)(584.5M)(822.5M)(1.3B)(1.8B)(1.7B)
Accounts Payable3.5M6.0M14.4M18.6M21.1M12.4M
Other Assets1.8M1.2M12.5M36.3M41.8M43.9M
Net Receivables2.0M8.2M13.0M11.2M31.6M33.2M
Inventory4.0M3.6M10.3M8.8M12.2M7.7M
Total Current Assets41.5M500.8M845.4M554.6M350.6M423.5M
Property Plant Equipment7.9M7.7M20.2M51.5M59.2M62.2M

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Additional Tools for Luminar Stock Analysis

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