FLXS Stock | | | USD 58.30 0.69 1.20% |
Flexsteel Industries financial indicator trend analysis is much more than just examining Flexsteel Industries latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Flexsteel Industries is a good investment. Please check the relationship between Flexsteel Industries Short Long Term Debt and its Net Tangible Assets accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Flexsteel Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in interest.
For more information on how to buy Flexsteel Stock please use our
How to Invest in Flexsteel Industries guide.
Short Long Term Debt vs Net Tangible Assets
Short Long Term Debt vs Net Tangible Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Flexsteel Industries Short Long Term Debt account and
Net Tangible Assets. At this time, the significance of the direction appears to have weak relationship.
The correlation between Flexsteel Industries' Short Long Term Debt and Net Tangible Assets is 0.34. Overlapping area represents the amount of variation of Short Long Term Debt that can explain the historical movement of Net Tangible Assets in the same time period over historical financial statements of Flexsteel Industries, assuming nothing else is changed. The correlation between historical values of Flexsteel Industries' Short Long Term Debt and Net Tangible Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Long Term Debt of Flexsteel Industries are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Short Long Term Debt i.e., Flexsteel Industries' Short Long Term Debt and Net Tangible Assets go up and down completely randomly.
Correlation Coefficient | 0.34 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Short Long Term Debt
The total of a company's short-term and long-term borrowings.
Net Tangible Assets
The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.
Most indicators from Flexsteel Industries' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Flexsteel Industries 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
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Flexsteel Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in interest.
For more information on how to buy Flexsteel Stock please use our
How to Invest in Flexsteel Industries guide.At this time, Flexsteel Industries'
Selling General Administrative is comparatively stable compared to the past year.
Sales General And Administrative To Revenue is likely to gain to 0.17 in 2024, whereas
Issuance Of Capital Stock is likely to drop slightly above 53.5
K in 2024.
Flexsteel Industries fundamental ratios Correlations
Click cells to compare fundamentals
Flexsteel Industries Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Flexsteel Industries fundamental ratios Accounts
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Additional Tools for Flexsteel Stock Analysis
When running Flexsteel Industries' price analysis, check to
measure Flexsteel Industries' 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 Flexsteel Industries is operating at the current time. Most of Flexsteel Industries' value examination focuses on studying past and present price action to
predict the probability of Flexsteel Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Flexsteel Industries' price. Additionally, you may evaluate how the addition of Flexsteel Industries to your portfolios can decrease your overall portfolio volatility.