ChampionX Long Term Debt vs Property Plant Equipment 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 Long Term Debt and its Property Plant Equipment 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.

Long Term Debt vs Property Plant Equipment

Long Term Debt vs Property Plant Equipment Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ChampionX Long Term Debt account and Property Plant Equipment. At this time, the significance of the direction appears to have strong relationship.
The correlation between ChampionX's Long Term Debt and Property Plant Equipment is 0.79. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Property Plant Equipment in the same time period over historical financial statements of ChampionX, assuming nothing else is changed. The correlation between historical values of ChampionX's Long Term Debt and Property Plant Equipment is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of ChampionX are associated (or correlated) with its Property Plant Equipment. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant Equipment has no effect on the direction of Long Term Debt i.e., ChampionX's Long Term Debt and Property Plant Equipment go up and down completely randomly.

Correlation Coefficient

0.79
Relationship DirectionPositive 
Relationship StrengthSignificant

Long Term Debt

Long-term debt is a debt that ChampionX has held for over one year. Long-term debt appears on ChampionX balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on ChampionX balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

Property Plant Equipment

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 Profit743.3M898.7M1.1B601.8M
Total Revenue3.1B3.8B3.8B2.2B

ChampionX fundamental ratios Correlations

0.790.970.970.390.990.650.950.920.940.770.890.920.99-0.950.960.790.840.980.940.780.940.830.98-0.160.97
0.790.80.8-0.240.810.970.780.770.680.870.690.770.85-0.750.721.00.990.750.850.770.950.660.81-0.460.81
0.970.80.990.30.970.650.980.920.830.740.810.920.98-0.930.970.80.820.980.920.80.940.880.99-0.320.97
0.970.80.990.310.970.640.990.930.830.770.880.930.99-0.920.990.80.820.990.90.820.940.851.0-0.330.95
0.39-0.240.30.310.35-0.420.30.320.5-0.070.360.320.27-0.390.4-0.24-0.150.390.230.10.060.330.320.490.33
0.990.810.970.970.350.670.940.920.910.770.850.920.98-0.940.940.820.850.960.950.790.940.840.98-0.21.0
0.650.970.650.64-0.420.670.620.620.560.810.550.620.72-0.610.550.970.960.590.750.660.860.510.66-0.450.67
0.950.780.980.990.30.940.620.930.790.760.90.930.97-0.910.990.790.790.990.850.810.920.840.99-0.380.93
0.920.770.920.930.320.920.620.930.820.750.81.00.92-0.990.930.770.780.930.840.810.890.950.93-0.430.89
0.940.680.830.830.50.910.560.790.820.670.810.820.88-0.890.820.670.760.850.910.650.830.710.860.130.89
0.770.870.740.77-0.070.770.810.760.750.670.740.750.81-0.730.720.860.860.720.810.950.860.60.78-0.420.76
0.890.690.810.880.360.850.550.90.80.810.740.80.87-0.780.90.680.720.90.730.710.830.610.88-0.130.81
0.920.770.920.930.320.920.620.931.00.820.750.80.92-0.990.930.770.780.930.840.810.890.950.93-0.430.89
0.990.850.980.990.270.980.720.970.920.880.810.870.92-0.930.960.850.880.980.940.830.970.840.99-0.290.97
-0.95-0.75-0.93-0.92-0.39-0.94-0.61-0.91-0.99-0.89-0.73-0.78-0.99-0.93-0.92-0.75-0.78-0.93-0.89-0.78-0.89-0.95-0.940.29-0.92
0.960.720.970.990.40.940.550.990.930.820.720.90.930.96-0.920.730.741.00.840.780.890.850.98-0.30.93
0.791.00.80.8-0.240.820.970.790.770.670.860.680.770.85-0.750.730.980.760.850.760.950.660.82-0.480.82
0.840.990.820.82-0.150.850.960.790.780.760.860.720.780.88-0.780.740.980.780.890.750.960.660.84-0.340.84
0.980.750.980.990.390.960.590.990.930.850.720.90.930.98-0.931.00.760.780.880.770.920.850.99-0.270.95
0.940.850.920.90.230.950.750.850.840.910.810.730.840.94-0.890.840.850.890.880.80.940.770.92-0.150.96
0.780.770.80.820.10.790.660.810.810.650.950.710.810.83-0.780.780.760.750.770.80.810.70.82-0.470.79
0.940.950.940.940.060.940.860.920.890.830.860.830.890.97-0.890.890.950.960.920.940.810.780.95-0.350.94
0.830.660.880.850.330.840.510.840.950.710.60.610.950.84-0.950.850.660.660.850.770.70.780.85-0.470.83
0.980.810.991.00.320.980.660.990.930.860.780.880.930.99-0.940.980.820.840.990.920.820.950.85-0.30.97
-0.16-0.46-0.32-0.330.49-0.2-0.45-0.38-0.430.13-0.42-0.13-0.43-0.290.29-0.3-0.48-0.34-0.27-0.15-0.47-0.35-0.47-0.3-0.2
0.970.810.970.950.331.00.670.930.890.890.760.810.890.97-0.920.930.820.840.950.960.790.940.830.97-0.2
Click cells to compare fundamentals

ChampionX Account Relationship Matchups

ChampionX fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.9B3.5B3.5B3.4B3.2B2.8B
Short Long Term Debt Total564.7M932.6M724.5M628.0M665.8M512.6M
Other Current Liab79.4M258.5M261.5M348.3M301.6M178.5M
Total Current Liabilities199.7M622.6M802.3M859.0M782.7M471.8M
Total Stockholder Equity1.0B1.6B1.8B1.7B1.7B1.7B
Property Plant And Equipment Net248.2M854.5M776.8M734.8M843.1M531.5M
Net Debt524.5M731.2M472.8M377.8M377.2M373.8M
Accounts Payable120.3M299.7M473.6M469.6M451.7M267.4M
Cash35.3M201.4M251.7M250.2M288.6M303.0M
Non Current Assets Total1.4B2.2B2.1B1.9B1.8B1.9B
Non Currrent Assets Other31.4M195.8M192.7M71.7M60.6M46.8M
Other Assets7.1M73.3M192.7M76.7M88.2M50.8M
Cash And Short Term Investments35.3M201.4M251.7M250.2M288.6M303.0M
Net Receivables219.9M559.5M584.4M601.1M534.5M398.6M
Good Will911.1M680.6M702.9M679.5M669.1M645.6M
Common Stock Shares Outstanding77.6M148.4M208.3M207.3M199.9M141.3M
Long Term Debt Total559.8M905.8M697.7M621.7M715.0M475.6M
Liabilities And Stockholders Equity1.9B3.5B3.5B3.4B3.2B2.8B
Non Current Liabilities Total686.9M1.2B978.1M851.3M797.9M716.1M
Inventory211.3M430.1M542.9M542.5M521.5M375.2M
Other Current Assets26.9M145.0M81.9M104.8M80.8M59.7M
Other Stockholder Equity969.2M2.3B2.3B2.2B2.2B1.7B
Total Liab886.6M1.9B1.8B1.7B1.6B1.2B
Property Plant And Equipment Gross248.2M977.0M776.8M1.5B1.6B1.7B
Total Current Assets493.4M1.3B1.5B1.5B1.4B962.9M
Accumulated Other Comprehensive Income(44.0M)(30.8M)(21.6M)(29.5M)(36.5M)(34.7M)
Intangible Assets238.7M479.0M401.5M305.0M243.6M276.9M
Property Plant Equipment272.5M977.0M776.8M827.7M951.9M515.2M
Other Liab107.7M247.1M280.4M157.9M181.6M189.9M
Net Tangible Assets(116.9M)466.4M666.3M710.1M816.6M857.4M
Capital Lease Obligations9.4M116.8M109.9M88.5M65.3M55.7M
Non Current Liabilities Other43.0M334.9M142.4M135.4M90.2M105.5M
Common Stock775K2.0M2.0M2.0M1.9M1.8M
Long Term Debt555.3M905.8M697.7M621.7M594.3M635.4M
Net Invested Capital1.6B2.6B2.5B2.3B2.3B2.3B
Net Working Capital293.8M643.3M658.6M639.6M642.7M549.5M
Retained Earnings107.0M(638.5M)(525.2M)(527.6M)(455.7M)(478.5M)
Common Stock Total Equity775K2.0M2.0M2.0M2.3M1.7M

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When running ChampionX's price analysis, check to measure ChampionX's 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 ChampionX is operating at the current time. Most of ChampionX's value examination focuses on studying past and present price action to predict the probability of ChampionX's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ChampionX's price. Additionally, you may evaluate how the addition of ChampionX to your portfolios can decrease your overall portfolio volatility.