ChampionX Cash And Short Term Investments vs Total Current Liabilities Analysis

CHX Stock

USD 26.29 0.50 1.94%

ChampionX financial indicator trend analysis is way more than just evaluating ChampionX prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ChampionX is a good investment. Please check the relationship between ChampionX Cash And Short Term Investments and its Total Current Liabilities accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ChampionX. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

For more information on how to buy ChampionX Stock please use our How to Invest in ChampionX guide.

Cash And Short Term Investments vs Total Current Liabilities

Cash And Short Term Investments vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ChampionX Cash And Short Term Investments account and Total Current Liabilities. At this time, the significance of the direction appears to have almost identical trend.

The correlation between ChampionX's Cash And Short Term Investments and Total Current Liabilities is 0.93. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of ChampionX, assuming nothing else is changed. The correlation between historical values of ChampionX's Cash And Short Term Investments and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Short Term Investments of ChampionX are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Cash And Short Term Investments i.e., ChampionX's Cash And Short Term Investments and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.93

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of ChampionX balance sheet. This account contains ChampionX investments that will expire within one year. These investments include stocks and bonds that can be liquidated by ChampionX fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

Total Current Liabilities

Total Current Liabilities is an item on ChampionX balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of ChampionX are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Most indicators from ChampionX's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ChampionX 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in ChampionX. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

For more information on how to buy ChampionX Stock please use our How to Invest in ChampionX guide.At this time, ChampionX's Tax Provision is fairly stable compared to the past year. Enterprise Value Over EBITDA is likely to rise to 12.95 in 2024, whereas Selling General Administrative is likely to drop slightly above 427.6 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	743.3M	898.7M	1.1B	601.8M
Total Revenue	3.1B	3.8B	3.8B	2.2B

Gross Profit Total Revenue

ChampionX fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Long Term Debt Total	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Intangible Assets	Property Plant Equipment
Total Assets		0.79	0.97	0.97	0.39	0.99	0.65	0.95	0.92	0.94	0.77	0.89	0.92	0.99	-0.95	0.96	0.79	0.84	0.98	0.94	0.78	0.94	0.83	0.98	-0.16	0.97
Short Long Term Debt Total	0.79		0.8	0.8	-0.24	0.81	0.97	0.78	0.77	0.68	0.87	0.69	0.77	0.85	-0.75	0.72	1.0	0.99	0.75	0.85	0.77	0.95	0.66	0.81	-0.46	0.81
Other Current Liab	0.97	0.8		0.99	0.3	0.97	0.65	0.98	0.92	0.83	0.74	0.81	0.92	0.98	-0.93	0.97	0.8	0.82	0.98	0.92	0.8	0.94	0.88	0.99	-0.32	0.97
Total Current Liabilities	0.97	0.8	0.99		0.31	0.97	0.64	0.99	0.93	0.83	0.77	0.88	0.93	0.99	-0.92	0.99	0.8	0.82	0.99	0.9	0.82	0.94	0.85	1.0	-0.33	0.95
Total Stockholder Equity	0.39	-0.24	0.3	0.31		0.35	-0.42	0.3	0.32	0.5	-0.07	0.36	0.32	0.27	-0.39	0.4	-0.24	-0.15	0.39	0.23	0.1	0.06	0.33	0.32	0.49	0.33
Property Plant And Equipment Net	0.99	0.81	0.97	0.97	0.35		0.67	0.94	0.92	0.91	0.77	0.85	0.92	0.98	-0.94	0.94	0.82	0.85	0.96	0.95	0.79	0.94	0.84	0.98	-0.2	1.0
Net Debt	0.65	0.97	0.65	0.64	-0.42	0.67		0.62	0.62	0.56	0.81	0.55	0.62	0.72	-0.61	0.55	0.97	0.96	0.59	0.75	0.66	0.86	0.51	0.66	-0.45	0.67
Accounts Payable	0.95	0.78	0.98	0.99	0.3	0.94	0.62		0.93	0.79	0.76	0.9	0.93	0.97	-0.91	0.99	0.79	0.79	0.99	0.85	0.81	0.92	0.84	0.99	-0.38	0.93
Cash	0.92	0.77	0.92	0.93	0.32	0.92	0.62	0.93		0.82	0.75	0.8	1.0	0.92	-0.99	0.93	0.77	0.78	0.93	0.84	0.81	0.89	0.95	0.93	-0.43	0.89
Non Current Assets Total	0.94	0.68	0.83	0.83	0.5	0.91	0.56	0.79	0.82		0.67	0.81	0.82	0.88	-0.89	0.82	0.67	0.76	0.85	0.91	0.65	0.83	0.71	0.86	0.13	0.89
Non Currrent Assets Other	0.77	0.87	0.74	0.77	-0.07	0.77	0.81	0.76	0.75	0.67		0.74	0.75	0.81	-0.73	0.72	0.86	0.86	0.72	0.81	0.95	0.86	0.6	0.78	-0.42	0.76
Other Assets	0.89	0.69	0.81	0.88	0.36	0.85	0.55	0.9	0.8	0.81	0.74		0.8	0.87	-0.78	0.9	0.68	0.72	0.9	0.73	0.71	0.83	0.61	0.88	-0.13	0.81
Cash And Short Term Investments	0.92	0.77	0.92	0.93	0.32	0.92	0.62	0.93	1.0	0.82	0.75	0.8		0.92	-0.99	0.93	0.77	0.78	0.93	0.84	0.81	0.89	0.95	0.93	-0.43	0.89
Net Receivables	0.99	0.85	0.98	0.99	0.27	0.98	0.72	0.97	0.92	0.88	0.81	0.87	0.92		-0.93	0.96	0.85	0.88	0.98	0.94	0.83	0.97	0.84	0.99	-0.29	0.97
Good Will	-0.95	-0.75	-0.93	-0.92	-0.39	-0.94	-0.61	-0.91	-0.99	-0.89	-0.73	-0.78	-0.99	-0.93		-0.92	-0.75	-0.78	-0.93	-0.89	-0.78	-0.89	-0.95	-0.94	0.29	-0.92
Common Stock Shares Outstanding	0.96	0.72	0.97	0.99	0.4	0.94	0.55	0.99	0.93	0.82	0.72	0.9	0.93	0.96	-0.92		0.73	0.74	1.0	0.84	0.78	0.89	0.85	0.98	-0.3	0.93
Long Term Debt Total	0.79	1.0	0.8	0.8	-0.24	0.82	0.97	0.79	0.77	0.67	0.86	0.68	0.77	0.85	-0.75	0.73		0.98	0.76	0.85	0.76	0.95	0.66	0.82	-0.48	0.82
Non Current Liabilities Total	0.84	0.99	0.82	0.82	-0.15	0.85	0.96	0.79	0.78	0.76	0.86	0.72	0.78	0.88	-0.78	0.74	0.98		0.78	0.89	0.75	0.96	0.66	0.84	-0.34	0.84
Inventory	0.98	0.75	0.98	0.99	0.39	0.96	0.59	0.99	0.93	0.85	0.72	0.9	0.93	0.98	-0.93	1.0	0.76	0.78		0.88	0.77	0.92	0.85	0.99	-0.27	0.95
Other Current Assets	0.94	0.85	0.92	0.9	0.23	0.95	0.75	0.85	0.84	0.91	0.81	0.73	0.84	0.94	-0.89	0.84	0.85	0.89	0.88		0.8	0.94	0.77	0.92	-0.15	0.96
Other Stockholder Equity	0.78	0.77	0.8	0.82	0.1	0.79	0.66	0.81	0.81	0.65	0.95	0.71	0.81	0.83	-0.78	0.78	0.76	0.75	0.77	0.8		0.81	0.7	0.82	-0.47	0.79
Total Liab	0.94	0.95	0.94	0.94	0.06	0.94	0.86	0.92	0.89	0.83	0.86	0.83	0.89	0.97	-0.89	0.89	0.95	0.96	0.92	0.94	0.81		0.78	0.95	-0.35	0.94
Property Plant And Equipment Gross	0.83	0.66	0.88	0.85	0.33	0.84	0.51	0.84	0.95	0.71	0.6	0.61	0.95	0.84	-0.95	0.85	0.66	0.66	0.85	0.77	0.7	0.78		0.85	-0.47	0.83
Total Current Assets	0.98	0.81	0.99	1.0	0.32	0.98	0.66	0.99	0.93	0.86	0.78	0.88	0.93	0.99	-0.94	0.98	0.82	0.84	0.99	0.92	0.82	0.95	0.85		-0.3	0.97
Intangible Assets	-0.16	-0.46	-0.32	-0.33	0.49	-0.2	-0.45	-0.38	-0.43	0.13	-0.42	-0.13	-0.43	-0.29	0.29	-0.3	-0.48	-0.34	-0.27	-0.15	-0.47	-0.35	-0.47	-0.3		-0.2
Property Plant Equipment	0.97	0.81	0.97	0.95	0.33	1.0	0.67	0.93	0.89	0.89	0.76	0.81	0.89	0.97	-0.92	0.93	0.82	0.84	0.95	0.96	0.79	0.94	0.83	0.97	-0.2

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ChampionX Account Relationship Matchups

ChampionX fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.9B	3.5B	3.5B	3.4B	3.2B	2.8B
Short Long Term Debt Total	564.7M	932.6M	724.5M	628.0M	665.8M	512.6M
Other Current Liab	79.4M	258.5M	261.5M	348.3M	301.6M	178.5M
Total Current Liabilities	199.7M	622.6M	802.3M	859.0M	782.7M	471.8M
Total Stockholder Equity	1.0B	1.6B	1.8B	1.7B	1.7B	1.7B
Property Plant And Equipment Net	248.2M	854.5M	776.8M	734.8M	843.1M	531.5M
Net Debt	524.5M	731.2M	472.8M	377.8M	377.2M	373.8M
Accounts Payable	120.3M	299.7M	473.6M	469.6M	451.7M	267.4M
Cash	35.3M	201.4M	251.7M	250.2M	288.6M	303.0M
Non Current Assets Total	1.4B	2.2B	2.1B	1.9B	1.8B	1.9B
Non Currrent Assets Other	31.4M	195.8M	192.7M	71.7M	60.6M	46.8M
Other Assets	7.1M	73.3M	192.7M	76.7M	88.2M	50.8M
Cash And Short Term Investments	35.3M	201.4M	251.7M	250.2M	288.6M	303.0M
Net Receivables	219.9M	559.5M	584.4M	601.1M	534.5M	398.6M
Good Will	911.1M	680.6M	702.9M	679.5M	669.1M	645.6M
Common Stock Shares Outstanding	77.6M	148.4M	208.3M	207.3M	199.9M	141.3M
Long Term Debt Total	559.8M	905.8M	697.7M	621.7M	715.0M	475.6M
Liabilities And Stockholders Equity	1.9B	3.5B	3.5B	3.4B	3.2B	2.8B
Non Current Liabilities Total	686.9M	1.2B	978.1M	851.3M	797.9M	716.1M
Inventory	211.3M	430.1M	542.9M	542.5M	521.5M	375.2M
Other Current Assets	26.9M	145.0M	81.9M	104.8M	80.8M	59.7M
Other Stockholder Equity	969.2M	2.3B	2.3B	2.2B	2.2B	1.7B
Total Liab	886.6M	1.9B	1.8B	1.7B	1.6B	1.2B
Property Plant And Equipment Gross	248.2M	977.0M	776.8M	1.5B	1.6B	1.7B
Total Current Assets	493.4M	1.3B	1.5B	1.5B	1.4B	962.9M
Accumulated Other Comprehensive Income	(44.0M)	(30.8M)	(21.6M)	(29.5M)	(36.5M)	(34.7M)
Intangible Assets	238.7M	479.0M	401.5M	305.0M	243.6M	276.9M
Property Plant Equipment	272.5M	977.0M	776.8M	827.7M	951.9M	515.2M
Other Liab	107.7M	247.1M	280.4M	157.9M	181.6M	189.9M
Net Tangible Assets	(116.9M)	466.4M	666.3M	710.1M	816.6M	857.4M
Capital Lease Obligations	9.4M	116.8M	109.9M	88.5M	65.3M	55.7M
Non Current Liabilities Other	43.0M	334.9M	142.4M	135.4M	90.2M	105.5M
Common Stock	775K	2.0M	2.0M	2.0M	1.9M	1.8M
Long Term Debt	555.3M	905.8M	697.7M	621.7M	594.3M	635.4M
Net Invested Capital	1.6B	2.6B	2.5B	2.3B	2.3B	2.3B
Net Working Capital	293.8M	643.3M	658.6M	639.6M	642.7M	549.5M
Retained Earnings	107.0M	(638.5M)	(525.2M)	(527.6M)	(455.7M)	(478.5M)
Common Stock Total Equity	775K	2.0M	2.0M	2.0M	2.3M	1.7M

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ChampionX Cash And Short Term Investments vs Total Current Liabilities Analysis

Cash And Short Term Investments vs Total Current Liabilities

Cash And Short Term Investments vs Total Current Liabilities Correlation Analysis

Correlation Coefficient

Cash And Short Term Investments

Total Current Liabilities

ChampionX fundamental ratios Correlations

ChampionX Account Relationship Matchups

High Positive Relationship

High Negative Relationship

ChampionX fundamental ratios Accounts

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Additional Tools for ChampionX Stock Analysis

COMMON DESTINATIONS

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COMPANY

Long Term Debt Total	+ 1.0	Short Long Term Debt Total
Total Current Assets	+ 1.0	Total Current Liabilities
Property Plant Equipment	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Inventory	+ 1.0	Common Stock Shares Outstanding
Property Plant And Equipment Net	+ 0.99	Total Assets

Good Will	- 0.99	Cash And Short Term Investments
Good Will	- 0.99	Cash
Property Plant And Equipment Gross	- 0.95	Good Will
Good Will	- 0.95	Total Assets
Total Current Assets	- 0.94	Good Will
Good Will	- 0.94	Property Plant And Equipment Net