Lockheed Net Tangible Assets vs Accounts Payable Analysis

LMT Stock  USD 512.94  2.93  0.57%   
Lockheed Martin financial indicator trend analysis is infinitely more than just investigating Lockheed Martin recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Lockheed Martin is a good investment. Please check the relationship between Lockheed Martin Net Tangible Assets and its Accounts Payable accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lockheed Martin. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.
For more information on how to buy Lockheed Stock please use our How to Invest in Lockheed Martin guide.

Net Tangible Assets vs Accounts Payable

Net Tangible Assets vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Lockheed Martin Net Tangible Assets account and Accounts Payable. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Lockheed Martin's Net Tangible Assets and Accounts Payable is -0.23. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Lockheed Martin, assuming nothing else is changed. The correlation between historical values of Lockheed Martin's Net Tangible Assets and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Tangible Assets of Lockheed Martin are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Net Tangible Assets i.e., Lockheed Martin's Net Tangible Assets and Accounts Payable go up and down completely randomly.

Correlation Coefficient

-0.23
Relationship DirectionNegative 
Relationship StrengthInsignificant

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.

Accounts Payable

An accounting item on the balance sheet that represents Lockheed Martin 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 Lockheed Martin 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.
Most indicators from Lockheed Martin's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Lockheed Martin 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 Lockheed Martin. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.
For more information on how to buy Lockheed Stock please use our How to Invest in Lockheed Martin guide.Selling General Administrative is likely to gain to about 734.2 M in 2024, despite the fact that Discontinued Operations is likely to grow to (47 M).
 2021 2022 2023 2024 (projected)
Interest Expense569M623M916M540.7M
Depreciation And Amortization1.4B1.4B1.4B1.1B

Lockheed Martin fundamental ratios Correlations

-0.91-0.81-0.53-0.92-0.35-0.91-0.89-0.7-0.75-0.1-0.28-0.86-0.24-0.28-0.87-0.65-0.71-0.26-0.13-0.44-0.8-0.940.260.090.03
-0.910.860.430.940.240.840.940.610.80.10.370.980.310.370.680.810.870.460.150.170.940.95-0.140.10.19
-0.810.860.60.810.140.750.720.810.450.260.020.86-0.030.020.640.60.780.61-0.090.280.820.78-0.060.13-0.11
-0.530.430.60.560.050.50.380.720.040.54-0.390.39-0.02-0.390.590.230.340.23-0.10.380.420.46-0.41-0.12-0.35
-0.920.940.810.560.230.840.960.610.740.330.280.910.430.270.740.790.780.260.070.180.880.93-0.150.10.18
-0.350.240.140.050.230.60.270.120.44-0.360.220.130.340.220.47-0.08-0.24-0.3-0.290.46-0.110.41-0.5-0.3-0.48
-0.910.840.750.50.840.60.810.570.74-0.010.280.750.250.280.810.430.540.110.00.550.650.94-0.42-0.07-0.26
-0.890.940.720.380.960.270.810.450.790.190.470.90.550.470.650.820.780.240.190.060.870.93-0.120.060.3
-0.70.610.810.720.610.120.570.450.210.29-0.240.61-0.14-0.230.790.410.50.53-0.110.450.550.55-0.29-0.04-0.33
-0.750.80.450.040.740.440.740.790.21-0.270.470.760.430.470.530.660.590.090.120.170.660.79-0.07-0.080.28
-0.10.10.260.540.33-0.36-0.010.190.29-0.27-0.30.120.2-0.30.140.240.17-0.08-0.23-0.260.230.050.130.290.15
-0.280.370.02-0.390.280.220.280.47-0.240.47-0.30.290.441.00.150.320.29-0.090.470.00.30.46-0.090.350.37
-0.860.980.860.390.910.130.750.90.610.760.120.290.270.290.60.860.920.560.110.040.960.88-0.010.110.28
-0.240.31-0.03-0.020.430.340.250.55-0.140.430.20.440.270.440.190.490.09-0.30.07-0.360.190.34-0.110.050.44
-0.280.370.02-0.390.270.220.280.47-0.230.47-0.31.00.290.440.150.320.28-0.090.470.00.290.46-0.090.350.37
-0.870.680.640.590.740.470.810.650.790.530.140.150.60.190.150.390.380.06-0.030.620.50.76-0.49-0.09-0.32
-0.650.810.60.230.79-0.080.430.820.410.660.240.320.860.490.320.390.830.490.24-0.280.850.660.190.120.65
-0.710.870.780.340.78-0.240.540.780.50.590.170.290.920.090.280.380.830.660.3-0.070.980.740.130.240.42
-0.260.460.610.230.26-0.30.110.240.530.09-0.08-0.090.56-0.3-0.090.060.490.660.19-0.130.580.260.120.070.14
-0.130.15-0.09-0.10.07-0.290.00.19-0.110.12-0.230.470.110.070.47-0.030.240.30.190.010.250.2-0.26-0.140.32
-0.440.170.280.380.180.460.550.060.450.17-0.260.00.04-0.360.00.62-0.28-0.07-0.130.010.00.37-0.54-0.13-0.75
-0.80.940.820.420.88-0.110.650.870.550.660.230.30.960.190.290.50.850.980.580.250.00.830.050.210.37
-0.940.950.780.460.930.410.940.930.550.790.050.460.880.340.460.760.660.740.260.20.370.83-0.330.070.02
0.26-0.14-0.06-0.41-0.15-0.5-0.42-0.12-0.29-0.070.13-0.09-0.01-0.11-0.09-0.490.190.130.12-0.26-0.540.05-0.330.290.58
0.090.10.13-0.120.1-0.3-0.070.06-0.04-0.080.290.350.110.050.35-0.090.120.240.07-0.14-0.130.210.070.290.19
0.030.19-0.11-0.350.18-0.48-0.260.3-0.330.280.150.370.280.440.37-0.320.650.420.140.32-0.750.370.020.580.19
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Lockheed Martin Account Relationship Matchups

Lockheed Martin fundamental ratios Accounts

201920202021202220232024 (projected)
Common Stock Shares Outstanding283.8M281.2M277.4M264.6M251.2M295.6M
Total Assets47.5B50.7B50.9B52.9B52.5B38.5B
Short Long Term Debt Total12.7B12.2B11.7B15.5B17.5B10.1B
Other Current Liab4.4B1.8B2.0B5.2B5.3B3.5B
Total Current Liabilities14.0B13.9B14.0B15.9B16.9B11.9B
Total Stockholder Equity3.1B6.0B11.0B9.3B6.8B4.2B
Property Plant And Equipment Net6.6B7.2B7.6B8.0B8.4B5.2B
Current Deferred Revenue7.1B7.5B8.1B8.5B9.2B5.8B
Net Debt11.1B9.0B8.1B12.9B16.0B16.8B
Retained Earnings18.4B21.6B21.6B16.9B15.4B11.6B
Accounts Payable1.3B880M780M2.1B2.3B1.8B
Cash1.5B3.2B3.6B2.5B1.4B2.0B
Non Current Assets Total30.4B31.3B31.1B31.9B31.9B24.4B
Non Currrent Assets Other3.0B3.4B4.2B4.0B4.5B3.5B
Cash And Short Term Investments1.5B3.2B3.6B2.5B1.4B2.0B
Net Receivables11.4B11.5B12.5B14.8B15.3B16.1B
Good Will10.6B10.8B10.8B10.8B10.8B10.1B
Liabilities And Stockholders Equity47.5B50.7B50.9B52.9B52.5B38.5B
Non Current Liabilities Total30.4B30.7B25.9B27.7B28.7B20.8B
Inventory3.6B3.5B3.0B3.1B3.1B3.3B
Other Current Assets531M1.2B688M533M632M805.3M
Other Stockholder Equity44M221M94M92M82.8M86.9M
Total Liab44.4B44.7B39.9B43.6B45.6B32.8B
Total Current Assets17.1B19.4B19.8B21.0B20.5B14.2B
Short Term Debt1.3B500M6M118M168M159.6M
Intangible Assets3.2B3.0B2.7B2.5B2.2B2.5B
Common Stock280M279M271M254M240M261.0M
Common Stock Total Equity280M279M271M254M228.6M270.8M
Property Plant And Equipment Gross6.6B7.2B19.1B20.1B21.2B22.2B
Accumulated Other Comprehensive Income(15.6B)(16.1B)(11.0B)(8.0B)(8.8B)(9.2B)
Other Liab18.1B19.1B13.1B11.4B13.1B13.9B
Other Assets7.3B10.3B7.2B10.7B12.3B7.1B
Long Term Debt11.4B11.7B11.7B15.4B17.3B9.5B
Property Plant Equipment6.6B7.2B7.6B8.0B9.2B5.4B
Net Tangible Assets(10.7B)(7.8B)(2.6B)(4.0B)(4.6B)(4.8B)
Noncontrolling Interest In Consolidated Entity74M55M44M23M26.5M26.7M
Retained Earnings Total Equity18.4B21.6B21.6B16.9B19.5B16.7B
Long Term Debt Total11.4B11.7B11.7B15.4B17.7B11.0B
Non Current Liabilities Other19.0B19.1B14.2B12.3B5.2B5.0B

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