Championx Long Term Debt to Equity Trend from 2010 to 2022

CHX
 Stock
  

USD 21.46  0.07  0.33%   

Championx Corp Long Term Debt to Equity yearly trend continues to be fairly stable with very little volatility. Long Term Debt to Equity will likely drop to 0.36 in 2022. During the period from 2010 to 2022, Championx Corp Long Term Debt to Equity regression line of anual values had r-squared of 0.56 and arithmetic mean of  0.20. Championx Corp Direct Expenses is fairly stable at the moment as compared to the past year. Championx Corp reported Direct Expenses of 2.33 Billion in 2021. Consolidated Income is likely to rise to about 123.3 M in 2022, whereas Gross Profit is likely to drop slightly above 626.5 M in 2022.
  
Check Championx Corp financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Championx main balance sheet or income statement drivers, such as Direct Expenses of 2.5 B, Consolidated Income of 123.3 M or Cost of Revenue of 2.5 B, as well as many exotic indicators such as Interest Coverage of 3.93, Long Term Debt to Equity of 0.36 or Calculated Tax Rate of 24.45. Championx financial statements analysis is a perfect complement when working with Championx Corp Valuation or Volatility modules. It can also supplement Championx Corp's financial leverage analysis and stock options assessment as well as various Championx Corp Technical models . Continue to the analysis of Championx Corp Correlation against competitors.

Championx Long Term Debt to Equity Breakdown

Showing smoothed Long Term Debt to Equity of Championx Corp with missing and latest data points interpolated. Championx Corp's Long Term Debt to Equity historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Championx Corp's overall financial position and show how it may be relating to other accounts over time.
Long Term Debt to Equity10 Years Trend
Increasing
Slightly volatile
   Long Term Debt to Equity   
Share
       Timeline  

Championx Long Term Debt to Equity Regression Statistics

Arithmetic Mean 0.20
Geometric Mean 0.012998
Coefficient Of Variation 136.29
Mean Deviation 0.24
Median 0.001241
Standard Deviation 0.27
Sample Variance 0.07
Range 0.68
R-Value 0.75
Mean Square Error 0.034219
R-Squared 0.56
Significance 0.003294
Slope 0.05
Total Sum of Squares 0.85

Championx Long Term Debt to Equity History

2017 0.002288
2018 0.68
2019 0.54
2020 0.56
2021 0.39
2022 0.36

About Championx Corp Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Championx Corp income statement, its balance sheet, and the statement of cash flows. Championx Corp investors use historical funamental indicators, such as Championx Corp's Long Term Debt to Equity, to determine how well the company is positioned to perform in the future. Although Championx Corp investors may use each financial statement separately, they are all related. The changes in Championx Corp's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Championx Corp's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Championx Corp Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Championx Corp. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2022
Long Term Debt to Equity 0.39  0.36 
Average Equity1.7 B1.7 B
ChampionX Corporation provides chemistry solutions, and engineered equipment and technologies to oil and gas companies worldwide. ChampionX Corporation is headquartered in The Woodlands, Texas. Championx Corp operates under Oil Gas Equipment Services classification in the United States and is traded on NASDAQ Exchange. It employs 7000 people.

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Our tools can tell you how much better you can do entering a position in Championx Corp without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Pair Trading with Championx Corp

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Championx Corp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Championx Corp will appreciate offsetting losses from the drop in the long position's value.

Moving together with Championx Corp

0.81HALHalliburton Potential GrowthPairCorr
The ability to find closely correlated positions to Championx Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Championx Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Championx Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Championx Corp to buy it.
The correlation of Championx Corp is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Championx Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Championx Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Championx Corp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Continue to the analysis of Championx Corp Correlation against competitors. Note that the Championx Corp information on this page should be used as a complementary analysis to other Championx Corp'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 Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.

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When running Championx Corp price analysis, check to measure Championx Corp'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 Corp is operating at the current time. Most of Championx Corp's value examination focuses on studying past and present price action to predict the probability of Championx Corp's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Championx Corp's price. Additionally, you may evaluate how the addition of Championx Corp to your portfolios can decrease your overall portfolio volatility.
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Is Championx Corp'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 Corp. 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 Corp 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 YOY
3.33
Market Capitalization
4.4 B
Quarterly Revenue Growth YOY
0.25
Return On Assets
0.0502
Return On Equity
0.0982
The market value of Championx Corp 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 Corp's value that differs from its market value or its book value, called intrinsic value, which is Championx Corp'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 Corp's market value can be influenced by many factors that don't directly affect Championx Corp'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 Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine Championx Corp value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Championx Corp'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.