Lakeland Shareholders Equity vs Cash and Equivalents Analysis

LAKE
 Stock
  

USD 15.34  0.16  1.03%   

Lakeland Inds financial indicator trend analysis is infinitely more than just investigating Lakeland Inds recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Lakeland Inds is a good investment. Please check the relationship between Lakeland Inds Shareholders Equity and its Cash and Equivalents accounts. Additionally, see Stocks Correlation.

Shareholders Equity vs Cash and Equivalents

Shareholders Equity vs Cash and Equivalents Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Lakeland Inds Shareholders Equity account and Cash and Equivalents. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Lakeland Inds' Shareholders Equity and Cash and Equivalents is 0.91. Overlapping area represents the amount of variation of Shareholders Equity that can explain the historical movement of Cash and Equivalents in the same time period over historical financial statements of Lakeland Inds, assuming nothing else is changed. The correlation between historical values of Lakeland Inds' Shareholders Equity and Cash and Equivalents is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Shareholders Equity of Lakeland Inds are associated (or correlated) with its Cash and Equivalents. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash and Equivalents has no effect on the direction of Shareholders Equity i.e., Lakeland Inds' Shareholders Equity and Cash and Equivalents go up and down completely randomly.

Correlation Coefficient

0.91
Relationship DirectionPositive 
Relationship StrengthVery Strong

Shareholders Equity

A principal component of the balance sheet; in addition to Total Liabilities and Total Assets; that represents the total of all stockholders' equity (deficit) items; net of receivables from officers; directors; owners; and affiliates of the entity which are attributable to the parent.

Cash and Equivalents

A component of Total Assets representing the amount of currency on hand as well as demand deposits with banks or financial institutions.
Most indicators from Lakeland Inds fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Lakeland Inds 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. Additionally, see Stocks Correlation.Lakeland Inds Enterprise Value over EBIT is projected to decrease significantly based on the last few years of reporting. The past year's Enterprise Value over EBIT was at 7.00. The current year Enterprise Value over EBITDA is expected to grow to 6.44, whereas Net Cash Flow Business Acquisitions and Disposals is forecasted to decline to (2.1 M).
 2019 2020 2021 2022 (projected)
Interest Expense116 K23 K15 K15.39 K
Gross Profit37.9 M79.28 M50.91 M48.84 M

Lakeland Inds fundamental ratios Correlations

0.390.10.660.67-0.20.54-0.32-0.490.130.650.00.72-0.46-0.46-0.29-0.35-0.030.110.410.5-0.48-0.22
0.390.40.540.61-0.470.45-0.42-0.42-0.060.51-0.10.340.050.05-0.19-0.13-0.130.460.310.92-0.530.04
0.10.4-0.040.11-0.730.08-0.290.2-0.57-0.08-0.54-0.290.120.120.130.55-0.380.96-0.10.47-0.21-0.15
0.660.54-0.040.98-0.20.93-0.42-0.610.10.94-0.060.74-0.71-0.71-0.36-0.39-0.10.070.390.62-0.51-0.35
0.670.610.110.98-0.390.96-0.48-0.56-0.030.93-0.190.69-0.68-0.68-0.37-0.31-0.20.220.360.72-0.6-0.35
-0.2-0.47-0.73-0.2-0.39-0.420.45-0.060.64-0.220.66-0.030.170.170.17-0.270.51-0.80.03-0.640.570.11
0.540.450.080.930.96-0.42-0.53-0.48-0.190.91-0.350.62-0.78-0.78-0.44-0.26-0.340.210.220.63-0.52-0.47
-0.32-0.42-0.29-0.42-0.480.45-0.530.630.57-0.660.64-0.120.240.240.890.410.8-0.290.45-0.55-0.030.6
-0.49-0.420.2-0.61-0.56-0.06-0.480.63-0.27-0.75-0.16-0.590.290.290.710.890.070.15-0.02-0.410.120.17
0.13-0.06-0.570.1-0.030.64-0.190.57-0.27-0.040.980.450.040.040.35-0.430.92-0.520.57-0.25-0.140.59
0.650.51-0.080.940.93-0.220.91-0.66-0.75-0.04-0.20.67-0.65-0.65-0.66-0.56-0.320.00.150.62-0.36-0.47
0.0-0.1-0.54-0.06-0.190.66-0.350.64-0.160.98-0.20.30.210.210.43-0.340.94-0.510.5-0.32-0.050.66
0.720.34-0.290.740.69-0.030.62-0.12-0.590.450.670.3-0.65-0.65-0.23-0.570.26-0.130.570.39-0.59-0.03
-0.460.050.12-0.71-0.680.17-0.780.240.290.04-0.650.21-0.651.00.250.210.13-0.02-0.3-0.150.390.47
-0.460.050.12-0.71-0.680.17-0.780.240.290.04-0.650.21-0.651.00.250.210.13-0.02-0.3-0.150.390.47
-0.29-0.190.13-0.36-0.370.17-0.440.890.710.35-0.660.43-0.230.250.250.680.670.130.48-0.31-0.150.54
-0.35-0.130.55-0.39-0.31-0.27-0.260.410.89-0.43-0.56-0.34-0.570.210.210.68-0.080.51-0.01-0.10.03-0.02
-0.03-0.13-0.38-0.1-0.20.51-0.340.80.070.92-0.320.940.260.130.130.67-0.08-0.340.66-0.32-0.230.75
0.110.460.960.070.22-0.80.21-0.290.15-0.520.0-0.51-0.13-0.02-0.020.130.51-0.340.00.56-0.36-0.12
0.410.31-0.10.390.360.030.220.45-0.020.570.150.50.57-0.3-0.30.48-0.010.660.00.24-0.760.5
0.50.920.470.620.72-0.640.63-0.55-0.41-0.250.62-0.320.39-0.15-0.15-0.31-0.1-0.320.560.24-0.59-0.12
-0.48-0.53-0.21-0.51-0.60.57-0.52-0.030.12-0.14-0.36-0.05-0.590.390.39-0.150.03-0.23-0.36-0.76-0.59-0.37
-0.220.04-0.15-0.35-0.350.11-0.470.60.170.59-0.470.66-0.030.470.470.54-0.020.75-0.120.5-0.12-0.37
Click cells to compare fundamentals

Lakeland Inds Account Relationship Matchups

Lakeland Inds fundamental ratios Accounts

201720182019202020212022 (projected)
Inventories42.92 M42.37 M44.24 M43.83 M47.71 M42.83 M
Receivables14.12 M16.48 M17.7 M21.7 M14.77 M13.98 M
Accounts Payable7.06 M6.21 M7.2 M7.4 M5.86 M5.71 M
Accumulated Other Comprehensive Income(1.65 M)(2.25 M)(2.76 M)(1.61 M)(1.5 M)(1.62 M)
Total Assets94.53 M94.72 M99.41 M139.55 M140.79 M132.06 M
Current Assets76.5 M75.47 M79.81 M123.34 M120.65 M109.27 M
Assets Non Current18.03 M19.25 M19.6 M16.21 M20.15 M19.47 M
Cash and Equivalents15.79 M12.83 M14.61 M52.6 M52.72 M56.88 M
Cash and Equivalents USD15.79 M12.83 M14.61 M52.6 M52.72 M56.88 M
Total Debt1.68 M1.32 M3.4 M2.38 M4.92 M6.26 M
Debt Current369 K158 K1.99 M768 K1.24 M1.27 M
Debt Non Current1.31 M1.16 M1.41 M1.61 M3.68 M3.15 M
Total Debt USD1.68 M1.32 M3.4 M2.38 M4.92 M6.26 M
Shareholders Equity82.84 M83.23 M85.05 M121.75 M125.1 M111.31 M
Shareholders Equity USD82.84 M83.23 M85.05 M121.75 M125.1 M111.31 M
Inventory42.92 M42.37 M44.24 M43.57 M47.71 M49.27 M
Total Liabilities11.69 M11.49 M14.35 M17.8 M15.69 M17.34 M
Current Liabilities10.38 M10.33 M12.94 M16.18 M12.02 M13.39 M
Liabilities Non Current1.31 M1.16 M1.41 M1.61 M3.68 M3.95 M
Trade and Non Trade Payables6.86 M6.21 M7.2 M7.4 M5.86 M6.76 M
Property Plant and Equipment Net8.79 M10.78 M12.36 M12.17 M14.01 M12.2 M
Trade and Non Trade Receivables14.12 M16.48 M17.7 M21.7 M14.77 M16.22 M
Accumulated Retained Earnings Deficit12.84 M14.3 M17.58 M51.52 M62.89 M67.86 M
Tax Assets9.99 M8.92 M7.5 M4.07 M3.75 M5.78 M

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Is Lakeland Inds' 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 Lakeland Inds. If investors know Lakeland 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 Lakeland Inds 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
-0.77
Market Capitalization
118.9 M
Quarterly Revenue Growth YOY
-0.2
Return On Assets
0.0472
Return On Equity
0.0595
The market value of Lakeland Inds is measured differently than its book value, which is the value of Lakeland that is recorded on the company's balance sheet. Investors also form their own opinion of Lakeland Inds' value that differs from its market value or its book value, called intrinsic value, which is Lakeland Inds' 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 Lakeland Inds' market value can be influenced by many factors that don't directly affect Lakeland Inds' 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 Lakeland Inds' value and its price as these two are different measures arrived at by different means. Investors typically determine Lakeland Inds value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Lakeland Inds' 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.