LGL Reconciled Depreciation vs Income Tax Expense Analysis

LGL Stock

USD 5.06 0.01 0.20%

LGL financial indicator trend analysis is infinitely more than just investigating LGL Group recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether LGL Group is a good investment. Please check the relationship between LGL Reconciled Depreciation and its Income Tax Expense accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in LGL Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.

Reconciled Depreciation vs Income Tax Expense

Reconciled Depreciation vs Income Tax Expense Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of LGL Group Reconciled Depreciation account and Income Tax Expense. At this time, the significance of the direction appears to have no relationship.

The correlation between LGL's Reconciled Depreciation and Income Tax Expense is 0.08. Overlapping area represents the amount of variation of Reconciled Depreciation that can explain the historical movement of Income Tax Expense in the same time period over historical financial statements of LGL Group, assuming nothing else is changed. The correlation between historical values of LGL's Reconciled Depreciation and Income Tax Expense is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Reconciled Depreciation of LGL Group are associated (or correlated) with its Income Tax Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Tax Expense has no effect on the direction of Reconciled Depreciation i.e., LGL's Reconciled Depreciation and Income Tax Expense go up and down completely randomly.

Correlation Coefficient

0.08

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Reconciled Depreciation

Income Tax Expense

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

At this time, LGL's Tax Provision is quite stable compared to the past year. Sales General And Administrative To Revenue is expected to rise to 0.39 this year, although the value of Selling General Administrative will most likely fall to about 2.2 M.

	2022	2023	2024 (projected)
Interest Expense	7.0M	6.3M	3.4M
Depreciation And Amortization	558K	22K	20.9K

Interest Expense Depreciation And Amortization

LGL 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	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Accounts Payable	Intangible Assets	Short Term Investments	Common Stock	Common Stock Total Equity
Total Assets		-0.3	-0.06	-0.23	0.69	-0.43	-0.84	0.47	0.86	-0.18	-0.34	0.89	-0.21	0.8	-0.39	-0.28	-0.18	0.4	-0.19	0.87	-0.09	-0.55	-0.28	0.17	-0.23	-0.23
Short Long Term Debt Total	-0.3		0.31	0.62	-0.32	0.49	0.35	0.4	-0.27	0.35	0.73	-0.41	0.16	-0.64	0.86	0.3	0.49	-0.64	0.78	-0.35	0.8	0.59	0.51	-0.08	0.53	0.53
Other Current Liab	-0.06	0.31		0.65	0.21	0.66	0.3	0.56	-0.29	0.68	0.36	-0.2	0.68	-0.19	0.08	0.76	0.06	-0.11	0.76	0.01	0.13	0.68	0.39	0.31	0.36	0.36
Total Current Liabilities	-0.23	0.62	0.65		-0.01	0.91	0.49	0.32	-0.46	0.76	0.19	-0.45	0.84	-0.4	0.67	0.89	0.55	-0.19	0.92	-0.2	0.75	0.75	-0.03	-0.12	-0.05	-0.05
Total Stockholder Equity	0.69	-0.32	0.21	-0.01		-0.19	-0.63	0.55	0.58	0.05	-0.45	0.8	0.11	0.78	-0.42	0.03	-0.16	0.8	0.01	0.93	-0.09	-0.35	-0.32	0.46	-0.28	-0.28
Property Plant And Equipment Net	-0.43	0.49	0.66	0.91	-0.19		0.64	0.19	-0.63	0.75	0.23	-0.64	0.86	-0.57	0.58	0.91	0.55	-0.3	0.82	-0.41	0.54	0.82	0.03	-0.19	0.0	0.0
Net Debt	-0.84	0.35	0.3	0.49	-0.63	0.64		-0.36	-0.99	0.43	0.29	-0.91	0.52	-0.72	0.44	0.59	0.27	-0.42	0.41	-0.82	0.2	0.73	0.21	0.0	0.16	0.16
Retained Earnings	0.47	0.4	0.56	0.32	0.55	0.19	-0.36		0.4	0.23	0.4	0.43	0.09	0.13	0.15	0.14	0.26	-0.06	0.58	0.55	0.26	0.23	0.4	0.41	0.44	0.44
Cash	0.86	-0.27	-0.29	-0.46	0.58	-0.63	-0.99	0.4		-0.42	-0.22	0.9	-0.53	0.68	-0.37	-0.59	-0.23	0.35	-0.36	0.8	-0.14	-0.71	-0.17	-0.02	-0.11	-0.11
Non Current Assets Total	-0.18	0.35	0.68	0.76	0.05	0.75	0.43	0.23	-0.42		0.15	-0.44	0.77	-0.21	0.24	0.83	0.35	-0.06	0.7	-0.22	0.44	0.66	0.04	-0.15	0.02	0.02
Non Currrent Assets Other	-0.34	0.73	0.36	0.19	-0.45	0.23	0.29	0.4	-0.22	0.15		-0.38	-0.14	-0.67	0.48	0.03	0.27	-0.8	0.5	-0.42	0.21	0.58	0.93	0.08	0.93	0.93
Cash And Short Term Investments	0.89	-0.41	-0.2	-0.45	0.8	-0.64	-0.91	0.43	0.9	-0.44	-0.38		-0.42	0.85	-0.51	-0.5	-0.33	0.59	-0.37	0.95	-0.26	-0.71	-0.23	0.36	-0.18	-0.18
Net Receivables	-0.21	0.16	0.68	0.84	0.11	0.86	0.52	0.09	-0.53	0.77	-0.14	-0.42		-0.2	0.27	0.97	0.28	0.12	0.66	-0.14	0.36	0.64	-0.25	-0.04	-0.29	-0.29
Common Stock Shares Outstanding	0.8	-0.64	-0.19	-0.4	0.78	-0.57	-0.72	0.13	0.68	-0.21	-0.67	0.85	-0.2		-0.69	-0.29	-0.42	0.8	-0.47	0.84	-0.34	-0.71	-0.5	0.3	-0.47	-0.47
Non Current Liabilities Total	-0.39	0.86	0.08	0.67	-0.42	0.58	0.44	0.15	-0.37	0.24	0.48	-0.51	0.27	-0.69		0.33	0.72	-0.58	0.68	-0.43	0.84	0.58	0.18	-0.28	0.19	0.19
Inventory	-0.28	0.3	0.76	0.89	0.03	0.91	0.59	0.14	-0.59	0.83	0.03	-0.5	0.97	-0.29	0.33		0.32	-0.01	0.75	-0.23	0.41	0.75	-0.09	-0.02	-0.13	-0.13
Other Current Assets	-0.18	0.49	0.06	0.55	-0.16	0.55	0.27	0.26	-0.23	0.35	0.27	-0.33	0.28	-0.42	0.72	0.32		-0.35	0.54	-0.21	0.57	0.56	0.02	-0.23	0.06	0.06
Other Stockholder Equity	0.4	-0.64	-0.11	-0.19	0.8	-0.3	-0.42	-0.06	0.35	-0.06	-0.8	0.59	0.12	0.8	-0.58	-0.01	-0.35		-0.36	0.68	-0.27	-0.51	-0.64	0.28	-0.63	-0.63
Total Liab	-0.19	0.78	0.76	0.92	0.01	0.82	0.41	0.58	-0.36	0.7	0.5	-0.37	0.66	-0.47	0.68	0.75	0.54	-0.36		-0.15	0.7	0.81	0.33	0.07	0.32	0.32
Total Current Assets	0.87	-0.35	0.01	-0.2	0.93	-0.41	-0.82	0.55	0.8	-0.22	-0.42	0.95	-0.14	0.84	-0.43	-0.23	-0.21	0.68	-0.15		-0.14	-0.53	-0.3	0.41	-0.25	-0.25
Short Term Debt	-0.09	0.8	0.13	0.75	-0.09	0.54	0.2	0.26	-0.14	0.44	0.21	-0.26	0.36	-0.34	0.84	0.41	0.57	-0.27	0.7	-0.14		0.36	-0.08	-0.32	-0.06	-0.06
Accounts Payable	-0.55	0.59	0.68	0.75	-0.35	0.82	0.73	0.23	-0.71	0.66	0.58	-0.71	0.64	-0.71	0.58	0.75	0.56	-0.51	0.81	-0.53	0.36		0.46	0.04	0.43	0.43
Intangible Assets	-0.28	0.51	0.39	-0.03	-0.32	0.03	0.21	0.4	-0.17	0.04	0.93	-0.23	-0.25	-0.5	0.18	-0.09	0.02	-0.64	0.33	-0.3	-0.08	0.46		0.34	1.0	1.0
Short Term Investments	0.17	-0.08	0.31	-0.12	0.46	-0.19	0.0	0.41	-0.02	-0.15	0.08	0.36	-0.04	0.3	-0.28	-0.02	-0.23	0.28	0.07	0.41	-0.32	0.04	0.34		0.34	0.34
Common Stock	-0.23	0.53	0.36	-0.05	-0.28	0.0	0.16	0.44	-0.11	0.02	0.93	-0.18	-0.29	-0.47	0.19	-0.13	0.06	-0.63	0.32	-0.25	-0.06	0.43	1.0	0.34		1.0
Common Stock Total Equity	-0.23	0.53	0.36	-0.05	-0.28	0.0	0.16	0.44	-0.11	0.02	0.93	-0.18	-0.29	-0.47	0.19	-0.13	0.06	-0.63	0.32	-0.25	-0.06	0.43	1.0	0.34	1.0

Click cells to compare fundamentals

LGL Account Relationship Matchups

LGL fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	39.2M	43.5M	59.9M	39.8M	41.9M	73.8M
Other Current Liab	2.5M	2.1M	3.0M	(19K)	279K	265.1K
Total Current Liabilities	4.3M	3.4M	4.4M	587K	474K	450.3K
Total Stockholder Equity	34.9M	39.8M	54.7M	38.5M	38.8M	23.9M
Property Plant And Equipment Net	3.2M	3.2M	3.8M	133K	75K	71.3K
Net Debt	(12.1M)	(18.0M)	(28.8M)	(21.4M)	(40.6M)	(38.6M)
Retained Earnings	(6.2M)	(5.2M)	9.5M	(7.3M)	(7.1M)	(6.7M)
Cash	12.5M	18.3M	29.0M	21.5M	40.7M	42.7M
Non Current Assets Total	10.3M	9.7M	4.1M	445K	303.0K	287.8K
Non Currrent Assets Other	102K	16K	5K	(211K)	152K	144.4K
Cash And Short Term Investments	18.1M	24.1M	45.2M	38.1M	40.7M	42.8M
Net Receivables	4.4M	4.1M	4.7M	543K	356K	338.2K
Common Stock Shares Outstanding	5.0M	5.2M	5.3M	5.3M	5.4M	5.6M
Liabilities And Stockholders Equity	39.2M	43.5M	59.9M	39.8M	41.9M	73.8M
Non Current Liabilities Total	118K	293K	737K	708K	713K	677.4K
Inventory	6.0M	5.3M	5.5M	265K	204K	193.8K
Other Current Assets	365K	257K	494K	440K	273K	259.4K
Other Stockholder Equity	41.0M	44.9M	45.2M	45.8M	45.8M	26.2M
Total Liab	4.3M	3.7M	5.2M	1.3M	1.2M	1.1M
Total Current Assets	28.9M	33.8M	55.8M	39.3M	41.6M	38.7M
Accounts Payable	1.9M	1.3M	1.5M	310K	93K	88.4K
Intangible Assets	402K	327K	252K	78K	57K	54.2K
Short Term Investments	5.6M	5.8M	16.2M	16.6M	22K	20.9K
Common Stock	47K	49K	50K	53K	47.7K	45.3K
Common Stock Total Equity	47K	49K	50K	53K	47.7K	45.3K
Property Plant And Equipment Gross	3.2M	23.1M	24.6M	771K	693.9K	659.2K
Other Assets	3.4M	3.1M	39K	234K	1.0	0.95
Property Plant Equipment	2.8M	3.2M	3.8M	133K	119.7K	113.7K
Retained Earnings Total Equity	(14.6M)	(13.2M)	(6.2M)	(5.2M)	(4.7M)	(4.9M)
Net Tangible Assets	34.5M	39.4M	54.5M	38.4M	44.2M	30.4M
Capital Surpluse	41.6M	45.5M	45.8M	46.3M	53.3M	41.4M
Cash And Equivalents	12.5M	18.3M	29.0M	21.5M	24.7M	17.7M
Net Invested Capital	34.9M	39.8M	54.7M	38.5M	44.3M	40.4M

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When determining whether LGL Group is a strong investment it is important to analyze LGL's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact LGL's future performance. For an informed investment choice regarding LGL Stock, refer to the following important reports:

How To Invest In LGL

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Is LGL Stock a good investment?

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What is LGL's Net Worth?

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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in LGL Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.

Note that the LGL Group information on this page should be used as a complementary analysis to other LGL'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 FinTech Suite module to use AI to screen and filter profitable investment opportunities.

Complementary Tools for LGL Stock analysis

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

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Is LGL'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 LGL. If investors know LGL 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 LGL 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

(0.87)

Earnings Share

0.03

Revenue Per Share

0.669

Quarterly Revenue Growth

1.014

Return On Assets

0.0072

The market value of LGL Group is measured differently than its book value, which is the value of LGL that is recorded on the company's balance sheet. Investors also form their own opinion of LGL's value that differs from its market value or its book value, called intrinsic value, which is LGL'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 LGL's market value can be influenced by many factors that don't directly affect LGL'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 LGL's value and its price as these two are different measures arrived at by different means. Investors typically determine if LGL is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, LGL'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.

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LGL Reconciled Depreciation vs Income Tax Expense Analysis

Reconciled Depreciation vs Income Tax Expense

Reconciled Depreciation vs Income Tax Expense Correlation Analysis

Correlation Coefficient

Reconciled Depreciation

Income Tax Expense

LGL fundamental ratios Correlations

LGL Account Relationship Matchups

High Positive Relationship

High Negative Relationship

LGL fundamental ratios Accounts

Becoming a Better Investor with Macroaxis

Build Optimal Portfolios

Align your risk with return expectations

Complementary Tools for LGL Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Common Stock	+ 1.0	Intangible Assets
Common Stock Total Equity	+ 1.0	Intangible Assets
Common Stock Total Equity	+ 1.0	Common Stock
Inventory	+ 0.97	Net Receivables
Total Current Assets	+ 0.95	Cash And Short Term Investments
Total Current Assets	+ 0.93	Total Stockholder Equity

Cash	- 0.99	Net Debt
Cash And Short Term Investments	- 0.91	Net Debt
Net Debt	- 0.84	Total Assets
Total Current Assets	- 0.82	Net Debt
Other Stockholder Equity	- 0.8	Non Currrent Assets Other
Common Stock Shares Outstanding	- 0.72	Net Debt