Championx Historical Balance Sheet

CHX
 Stock
  

USD 22.43  0.97  4.52%   

Trend analysis of Championx Corp balance sheet accounts such as Receivables of 630.6 M, Accounts Payable of 510.9 M or Total Assets of 3.3 B provides information on Championx Corp's total assets, liabilities, and equity, which is the actual value of Championx Corp to its prevalent stockholders. By breaking down trends over time using Championx Corp balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year. Financial Statement Analysis is much more than just reviewing and breaking down Championx Corp prevalent accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Championx Corp is a good buy for the upcoming year.
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About Championx Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of Championx Corp at a specified time, usually calculated after every quarter, six months, or one year. Championx Corp Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Championx Corp and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Championx currently owns. An asset can also be divided into two categories, current and non-current.

Championx Corp Balance Sheet Chart

Championx Corp Balance Sheet is one of the main financial statements that report all assets, liabilities, and shareholders' equity for the current year. It provides a basis for different types of computing rates of return, such as return on equity (ROE) or return on asset (ROA), as well as shows how Championx Corp uses and utilizes its capital. It also shows what exactly a company owns and owes.
Championx Corp Inventories is fairly stable at the moment as compared to the past year. Championx Corp reported Inventories of 542.91 Million in 2021. Receivables is likely to rise to about 630.6 M in 2022, whereas Accumulated Other Comprehensive Income is likely to drop (23.3 M) in 2022.

Total Assets

Total assets refers to the total amount of Championx Corp assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Championx Corp books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Major components are Cash and Equivalents; [Investments]; Goodwill and Intangible Assets; Property Plant and Equipment Net; [TaxAssets] and Trade and Non Trade Receivables.

Current Assets

Current assets of Championx Corp 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 Championx Corp. The current portion of Total Assets; reported if a company operates a classified balance sheet that segments current and non-current assets.

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.

Total Liabilities

Deferred Income Tax is recorded on Championx Corp balance sheet and a result of income already earned and recognized for accounting, but not tax, purposes. Also, differences between tax laws and accounting methods can result in a temporary difference in the amount of income tax payable by a company. This difference is recorded on Championx Corp books as deferred income tax. Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Principal components are Total Debt; [DeferredRev]; Trade and Non Trade Payables; Deposit Liabilities; and Tax Liabilities.
Most accounts from Championx Corp balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Championx Corp current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Continue to Trending Equities.Championx Corp Inventories is fairly stable at the moment as compared to the past year. Championx Corp reported Inventories of 542.91 Million in 2021. Receivables is likely to rise to about 630.6 M in 2022, whereas Accumulated Other Comprehensive Income is likely to drop (23.3 M) in 2022.
 2019 2020 2021 2022 (projected)
Receivables219.87 M559.54 M584.44 M630.58 M
Inventories211.34 M430.11 M542.91 M585.77 M

Championx Corp balance sheet Correlations

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Click cells to compare fundamentals

Championx Corp Account Relationship Matchups

Championx Corp balance sheet Accounts

201720182019202020212022 (projected)
Inventories201.59 M218.32 M211.34 M430.11 M542.91 M585.77 M
Receivables202.02 M249.95 M219.87 M559.54 M584.44 M630.58 M
Accounts Payable98.83 M131.06 M120.29 M299.67 M473.56 M510.95 M
Accumulated Other Comprehensive Income(26.42 M)(42.91 M)(44.04 M)(30.75 M)(21.62 M)(23.33 M)
Total Assets1.91 B1.97 B1.92 B3.48 B3.53 B3.28 B
Current Assets441.48 M531.22 M493.44 M1.27 B1.46 B1.21 B
Assets Non Current1.47 B1.44 B1.43 B2.21 B2.07 B2.07 B
Cash and Equivalents23.71 M41.83 M35.29 M201.42 M255.18 M275.32 M
Cash and Equivalents USD23.71 M41.83 M35.29 M201.42 M255.18 M275.32 M
Shareholders Equity1.64 B973.52 M1.03 B1.63 B1.77 B1.76 B
Shareholders Equity USD1.64 B973.52 M1.03 B1.63 B1.77 B1.76 B
Goodwill and Intangible Assets1.25 B1.19 B1.15 B1.16 B1.1 B1.08 B
Inventory201.4 M219.42 M211.34 M430.11 M542.91 M458.44 M
Total Liabilities266.23 M997.13 M886.61 M1.86 B1.78 B1.52 B
Current Liabilities150.49 M213.75 M199.68 M622.56 M802.33 M865.67 M
Liabilities Non Current115.74 M783.38 M686.93 M1.24 B978.07 M899.93 M
Trade and Non Trade Payables98.83 M140.12 M120.29 M299.67 M473.56 M510.95 M
Property Plant and Equipment Net213.56 M244.33 M272.47 M977.02 M892.27 M739.93 M
Trade and Non Trade Receivables201.45 M251.44 M219.87 M559.54 M584.44 M496.36 M
Tax Liabilities96.98 M99.77 M84.06 M156.28 M137.97 M144.27 M

Be your own money manager

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 Upward RallyPairCorr
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 Trending Equities. 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 Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.

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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.