CNX Stock | | | USD 33.94 0.09 0.26% |
CNX Resources financial indicator trend analysis is way more than just evaluating CNX Resources Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether CNX Resources Corp is a good investment. Please check the relationship between CNX Resources Long Term Debt and its Good Will accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in CNX Resources Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Long Term Debt vs Good Will
Long Term Debt vs Good Will Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
CNX Resources Corp Long Term Debt account and
Good Will. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between CNX Resources' Long Term Debt and Good Will is -0.36. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Good Will in the same time period over historical financial statements of CNX Resources Corp, assuming nothing else is changed. The correlation between historical values of CNX Resources' Long Term Debt and Good Will 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 CNX Resources Corp are associated (or correlated) with its Good Will. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Good Will has no effect on the direction of Long Term Debt i.e., CNX Resources' Long Term Debt and Good Will go up and down completely randomly.
Correlation Coefficient | -0.36 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Long Term Debt
Long-term debt is a debt that CNX Resources Corp has held for over one year. Long-term debt appears on CNX Resources Corp 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 CNX Resources Corp 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.
Good Will
An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.
Most indicators from CNX Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into CNX Resources Corp 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 CNX Resources Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Selling General Administrative is likely to rise to about 142.4
M in 2024.
Discontinued Operations is likely to rise to about 102.7
M in 2024
CNX Resources fundamental ratios Correlations
Click cells to compare fundamentals
CNX Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
CNX Resources fundamental ratios Accounts
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Additional Tools for CNX Stock Analysis
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