LKQ Accounts Payable vs Short Long Term Debt Total Analysis
LKQ Stock | USD 42.02 0.19 0.45% |
LKQ financial indicator trend analysis is infinitely more than just investigating LKQ Corporation recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether LKQ Corporation is a good investment. Please check the relationship between LKQ Accounts Payable and its Short Long Term Debt Total accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in LKQ Corporation. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.
Accounts Payable vs Short Long Term Debt Total
Accounts Payable vs Short Long Term Debt Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of LKQ Corporation Accounts Payable account and Short Long Term Debt Total. At this time, the significance of the direction appears to have almost identical trend.
The correlation between LKQ's Accounts Payable and Short Long Term Debt Total is 0.93. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Short Long Term Debt Total in the same time period over historical financial statements of LKQ Corporation, assuming nothing else is changed. The correlation between historical values of LKQ's Accounts Payable and Short Long Term Debt Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of LKQ Corporation are associated (or correlated) with its Short Long Term Debt Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Long Term Debt Total has no effect on the direction of Accounts Payable i.e., LKQ's Accounts Payable and Short Long Term Debt Total go up and down completely randomly.
Correlation Coefficient | 0.93 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Accounts Payable
An accounting item on the balance sheet that represents LKQ obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of LKQ Corporation are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.Short Long Term Debt Total
Most indicators from LKQ's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into LKQ Corporation 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 LKQ Corporation. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry. At this time, LKQ's Discontinued Operations is relatively stable compared to the past year. As of 06/12/2024, Sales General And Administrative To Revenue is likely to grow to 0.29, while Selling General Administrative is likely to drop slightly above 3.7 B.
2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 13.1B | 12.8B | 13.9B | 14.6B | Interest Expense | 72.1M | 78M | 214M | 151.4M |
LKQ fundamental ratios Correlations
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LKQ Account Relationship Matchups
High Positive Relationship
High Negative Relationship
LKQ fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 311.0M | 305.0M | 297.7M | 278M | 268.3M | 270.1M | |
Total Assets | 12.8B | 12.4B | 12.6B | 12.0B | 15.1B | 15.8B | |
Total Stockholder Equity | 5.0B | 5.7B | 5.8B | 5.5B | 6.2B | 6.5B | |
Liabilities And Stockholders Equity | 12.8B | 12.4B | 12.6B | 12.0B | 15.1B | 15.8B | |
Short Long Term Debt Total | 5.4B | 4.3B | 4.2B | 3.9B | 5.6B | 5.9B | |
Other Current Liab | 218.9M | 232.2M | 219.3M | 430M | 149M | 107.7M | |
Total Current Liabilities | 2.2B | 2.0B | 2.2B | 2.3B | 3.3B | 3.5B | |
Other Liab | 652.5M | 666.1M | 643.7M | 563M | 647.5M | 679.8M | |
Net Debt | 4.9B | 4.0B | 4.0B | 3.7B | 5.3B | 5.6B | |
Retained Earnings | 4.1B | 4.8B | 5.8B | 6.7B | 7.3B | 7.7B | |
Accounts Payable | 942.8M | 932.4M | 1.2B | 1.3B | 1.6B | 1.7B | |
Cash | 523.0M | 312.2M | 274.1M | 278M | 299M | 161.2M | |
Non Current Assets Total | 8.1B | 8.3B | 8.4B | 7.8B | 10.2B | 10.7B | |
Non Currrent Assets Other | (157.0M) | (127.8M) | (54.3M) | (76M) | (161M) | (153.0M) | |
Other Assets | 149.8M | 1.7B | 225.0M | 204M | 234.6M | 153.0M | |
Long Term Debt | 3.7B | 2.8B | 2.8B | 2.6B | 3.7B | 3.8B | |
Cash And Short Term Investments | 523.0M | 312.2M | 274.1M | 278M | 299M | 161.2M | |
Good Will | 4.4B | 4.6B | 4.5B | 4.3B | 5.6B | 6.9B | |
Non Current Liabilities Total | 5.6B | 4.7B | 4.7B | 4.3B | 5.6B | 5.9B | |
Inventory | 2.8B | 2.4B | 2.6B | 2.8B | 3.1B | 3.3B | |
Other Current Assets | 260.9M | 233.9M | 296.9M | 230M | 283M | 297.2M | |
Other Stockholder Equity | 1.1B | 975.5M | 128.1M | (883M) | (886M) | (841.7M) | |
Total Liab | 7.7B | 6.7B | 6.8B | 6.5B | 8.9B | 9.3B | |
Total Current Assets | 4.7B | 4.0B | 4.3B | 4.3B | 4.9B | 5.1B | |
Intangible Assets | 850.3M | 814.2M | 746.1M | 653M | 1.3B | 1.4B | |
Common Stock | 3.2M | 3.2M | 3.2M | 3M | 3.5M | 2.2M | |
Property Plant Equipment | 1.2B | 1.2B | 2.7B | 1.2B | 1.4B | 1.5B | |
Property Plant And Equipment Net | 2.5B | 2.6B | 2.7B | 2.5B | 2.9B | 3.0B | |
Current Deferred Revenue | 468.9M | 543.6M | 532.2M | 280M | 701M | 736.1M | |
Net Receivables | 1.1B | 1.1B | 1.1B | 998M | 1.2B | 1.2B | |
Common Stock Total Equity | 3.2M | 3.2M | 3.2M | 3M | 3.5M | 2.2M | |
Property Plant And Equipment Gross | 2.5B | 2.6B | 2.7B | 2.5B | 4.0B | 4.2B | |
Accumulated Other Comprehensive Income | (200.9M) | (99.0M) | (153.1M) | (323M) | (240M) | (228M) | |
Short Term Debt | 547.9M | 280.3M | 237.9M | 222M | 820M | 861M | |
Net Tangible Assets | 4.6B | 4.3B | 485.7M | 4.2B | 4.9B | 2.5B | |
Noncontrolling Interest In Consolidated Entity | 39.7M | 15.6M | 14.8M | 14M | 16.1M | 12.6M | |
Retained Earnings Total Equity | 4.1B | 4.8B | 5.8B | 6.7B | 7.7B | 8.0B | |
Capital Surpluse | 1.4B | 1.4B | 1.5B | 1.5B | 1.7B | 1.3B |
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