Shenzhen Non Currrent Assets Other vs Capital Lease Obligations Analysis
| 300917 Stock | 52.30 0.78 1.51% |
Shenzhen SDG financial indicator trend analysis is much more than just breaking down Shenzhen SDG Service prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shenzhen SDG Service is a good investment. Please check the relationship between Shenzhen SDG Non Currrent Assets Other and its Capital Lease Obligations accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Shenzhen SDG Service. 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.
Non Currrent Assets Other vs Capital Lease Obligations
Non Currrent Assets Other vs Capital Lease Obligations Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shenzhen SDG Service Non Currrent Assets Other account and Capital Lease Obligations. At this time, the significance of the direction appears to have pay attention.
The correlation between Shenzhen SDG's Non Currrent Assets Other and Capital Lease Obligations is -0.75. Overlapping area represents the amount of variation of Non Currrent Assets Other that can explain the historical movement of Capital Lease Obligations in the same time period over historical financial statements of Shenzhen SDG Service, assuming nothing else is changed. The correlation between historical values of Shenzhen SDG's Non Currrent Assets Other and Capital Lease Obligations is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Currrent Assets Other of Shenzhen SDG Service are associated (or correlated) with its Capital Lease Obligations. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Lease Obligations has no effect on the direction of Non Currrent Assets Other i.e., Shenzhen SDG's Non Currrent Assets Other and Capital Lease Obligations go up and down completely randomly.
Correlation Coefficient | -0.75 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Non Currrent Assets Other
Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.Capital Lease Obligations
Shenzhen SDG Service capital lease obligations are the amount due for long-term lease agreements that are nearly equivalent to Shenzhen SDG asset purchases. For example, Shenzhen SDG can use a capital lease to finance the purchase of an asset without ever buying it. A capital lease gives companies such as Shenzhen SDG control over an asset for a big portion of its life. The total obligations of a company under capital leases, which are lease agreements that transfer substantially all risks and rewards of ownership to the lessee.Most indicators from Shenzhen SDG's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shenzhen SDG Service 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 Shenzhen SDG Service. 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. As of December 25, 2024, Tax Provision is expected to decline to about 39.4 M. In addition to that, Selling General Administrative is expected to decline to about 32.7 M
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 283.3M | 274.5M | 298.3M | 275.5M | Total Revenue | 1.7B | 2.0B | 2.4B | 1.8B |
Shenzhen SDG fundamental ratios Correlations
Click cells to compare fundamentals
Shenzhen SDG Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Shenzhen Stock
Balance Sheet is a snapshot of the financial position of Shenzhen SDG Service at a specified time, usually calculated after every quarter, six months, or one year. Shenzhen SDG Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Shenzhen SDG and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Shenzhen currently owns. An asset can also be divided into two categories, current and non-current.