Lakeland Tax Liabilities vs Current Assets Analysis

LAKE
 Stock
  

USD 15.62  0.09  0.58%   

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 Tax Liabilities and its Current Assets accounts. Additionally, see Stocks Correlation.

Tax Liabilities vs Current Assets

Tax Liabilities vs Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Lakeland Inds Tax Liabilities account and Current Assets. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Lakeland Inds' Tax Liabilities and Current Assets is -0.35. Overlapping area represents the amount of variation of Tax Liabilities that can explain the historical movement of Current Assets 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' Tax Liabilities and Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Tax Liabilities of Lakeland Inds are associated (or correlated) with its Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Current Assets has no effect on the direction of Tax Liabilities i.e., Lakeland Inds' Tax Liabilities and Current Assets go up and down completely randomly.

Correlation Coefficient

-0.35
Relationship DirectionNegative 
Relationship StrengthInsignificant

Tax Liabilities

A component of Total Liabilities representing outstanding tax liabilities.

Current Assets

Current assets of Lakeland Inds include cash, cash equivalents, short-term investments, accounts receivable, stock inventory and the portion of prepaid liabilities which will be paid within a year. Depending on the nature of the business, current assets can range from barrels of crude oil, to baked goods, to foreign currency. Current assets are important because they are the assets that are used to fund day-to-day operations of Lakeland Inds. The current portion of Total Assets; reported if a company operates a classified balance sheet that segments current and non-current assets.
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

Be your own money manager

Our tools can tell you how much better you can do entering a position in Lakeland Inds 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.

Did you try this?

Run Portfolio Diagnostics Now

   

Portfolio Diagnostics

Use generated alerts and portfolio events aggregator to diagnose current holdings
All  Next Launch Module

Becoming a Better Investor with Macroaxis

Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Lakeland Inds using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.

Build Optimal Portfolios

Align your risk with return expectations

Fix your portfolio
By capturing your risk tolerance and investment horizon Macroaxis technology of instant portfolio optimization will compute exactly how much risk is acceptable for your desired return expectations
Additionally, see Stocks Correlation. Note that the Lakeland Inds information on this page should be used as a complementary analysis to other Lakeland Inds' 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 Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.

Complementary Tools for Lakeland Stock analysis

When running Lakeland Inds price analysis, check to measure Lakeland Inds' 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 Lakeland Inds is operating at the current time. Most of Lakeland Inds' value examination focuses on studying past and present price action to predict the probability of Lakeland Inds' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Lakeland Inds' price. Additionally, you may evaluate how the addition of Lakeland Inds to your portfolios can decrease your overall portfolio volatility.
My Watchlist Analysis
Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like
Go
Portfolio Anywhere
Track or share privately all of your investments from the convenience of any device
Go
Portfolio Diagnostics
Use generated alerts and portfolio events aggregator to diagnose current holdings
Go
Companies Directory
Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals
Go
Pattern Recognition
Use different Pattern Recognition models to time the market across multiple global exchanges
Go
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
119.8 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.