Ningxia Total Assets vs Capital Lease Obligations Analysis

300967 Stock   13.59  0.57  4.03%   
Ningxia Xiaoming financial indicator trend analysis is infinitely more than just investigating Ningxia Xiaoming Agr recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ningxia Xiaoming Agr is a good investment. Please check the relationship between Ningxia Xiaoming Total Assets and its Capital Lease Obligations accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ningxia Xiaoming Agriculture. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Total Assets vs Capital Lease Obligations

Total Assets vs Capital Lease Obligations Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ningxia Xiaoming Agr Total Assets account and Capital Lease Obligations. At this time, the significance of the direction appears to have pay attention.
The correlation between Ningxia Xiaoming's Total Assets and Capital Lease Obligations is -0.93. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Capital Lease Obligations in the same time period over historical financial statements of Ningxia Xiaoming Agriculture, assuming nothing else is changed. The correlation between historical values of Ningxia Xiaoming's Total Assets 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 Total Assets of Ningxia Xiaoming Agriculture 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 Total Assets i.e., Ningxia Xiaoming's Total Assets and Capital Lease Obligations go up and down completely randomly.

Correlation Coefficient

-0.93
Relationship DirectionNegative 
Relationship StrengthSignificant

Total Assets

Total assets refers to the total amount of Ningxia Xiaoming assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Ningxia Xiaoming Agr books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Capital Lease Obligations

Ningxia Xiaoming Agr capital lease obligations are the amount due for long-term lease agreements that are nearly equivalent to Ningxia Xiaoming asset purchases. For example, Ningxia Xiaoming can use a capital lease to finance the purchase of an asset without ever buying it. A capital lease gives companies such as Ningxia Xiaoming 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 Ningxia Xiaoming's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ningxia Xiaoming Agr 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 Ningxia Xiaoming Agriculture. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
Tax Provision is expected to grow at the current pace this year, whereas Selling General Administrative is forecasted to decline to about 37.7 M.
 2021 2022 2023 2024 (projected)
Interest Expense7.4M10.0M31.6M33.2M
Interest Income1.8M2.6M2.6M2.8M

Ningxia Xiaoming fundamental ratios Correlations

-0.860.920.89-0.070.640.440.990.680.910.90.960.910.670.971.00.660.95-0.87-0.30.980.960.96-0.930.96-0.61
-0.86-0.69-0.9-0.24-0.31-0.56-0.83-0.42-0.79-0.63-0.88-0.78-0.63-0.77-0.89-0.72-0.850.970.04-0.89-0.73-0.790.8-0.730.53
0.92-0.690.77-0.070.870.150.940.650.820.810.850.820.730.920.880.450.85-0.71-0.570.860.960.82-0.850.95-0.5
0.89-0.90.770.310.550.710.830.750.780.650.980.770.850.760.90.890.97-0.970.030.960.750.84-0.860.76-0.52
-0.07-0.24-0.070.310.010.41-0.150.11-0.31-0.460.13-0.320.53-0.25-0.050.40.12-0.350.490.08-0.27-0.210.19-0.280.47
0.64-0.310.870.550.01-0.010.660.690.530.540.620.530.760.640.570.280.65-0.4-0.580.590.730.53-0.620.71-0.28
0.44-0.560.150.710.41-0.010.320.660.330.270.640.320.510.270.480.950.64-0.680.70.60.20.52-0.440.23-0.25
0.99-0.830.940.83-0.150.660.320.610.920.920.910.910.610.990.980.560.91-0.81-0.410.950.980.95-0.920.98-0.61
0.68-0.420.650.750.110.690.660.610.530.60.790.530.760.590.650.790.81-0.580.10.740.60.72-0.670.62-0.33
0.91-0.790.820.78-0.310.530.330.920.530.880.861.00.510.910.910.540.86-0.75-0.40.870.930.91-0.980.94-0.87
0.9-0.630.810.65-0.460.540.270.920.60.880.780.880.350.960.90.450.78-0.6-0.380.830.930.95-0.850.94-0.63
0.96-0.880.850.980.130.620.640.910.790.860.780.850.80.870.960.841.0-0.93-0.090.990.860.92-0.920.87-0.59
0.91-0.780.820.77-0.320.530.320.910.531.00.880.850.50.90.910.530.85-0.74-0.410.860.930.91-0.980.94-0.88
0.67-0.630.730.850.530.760.510.610.760.510.350.80.50.520.640.720.81-0.76-0.070.740.580.55-0.650.57-0.26
0.97-0.770.920.76-0.250.640.270.990.590.910.960.870.90.520.960.50.86-0.75-0.440.910.980.95-0.890.99-0.6
1.0-0.890.880.9-0.050.570.480.980.650.910.90.960.910.640.960.690.95-0.89-0.240.980.940.97-0.930.94-0.61
0.66-0.720.450.890.40.280.950.560.790.540.450.840.530.720.50.690.84-0.840.460.80.460.7-0.650.48-0.37
0.95-0.850.850.970.120.650.640.910.810.860.781.00.850.810.860.950.84-0.91-0.10.980.860.93-0.930.87-0.6
-0.870.97-0.71-0.97-0.35-0.4-0.68-0.81-0.58-0.75-0.6-0.93-0.74-0.76-0.75-0.89-0.84-0.91-0.05-0.93-0.71-0.80.8-0.720.47
-0.30.04-0.570.030.49-0.580.7-0.410.1-0.4-0.38-0.09-0.41-0.07-0.44-0.240.46-0.1-0.05-0.12-0.54-0.180.32-0.510.32
0.98-0.890.860.960.080.590.60.950.740.870.830.990.860.740.910.980.80.98-0.93-0.120.890.95-0.910.9-0.56
0.96-0.730.960.75-0.270.730.20.980.60.930.930.860.930.580.980.940.460.86-0.71-0.540.890.92-0.921.0-0.66
0.96-0.790.820.84-0.210.530.520.950.720.910.950.920.910.550.950.970.70.93-0.8-0.180.950.92-0.930.93-0.67
-0.930.8-0.85-0.860.19-0.62-0.44-0.92-0.67-0.98-0.85-0.92-0.98-0.65-0.89-0.93-0.65-0.930.80.32-0.91-0.92-0.93-0.930.83
0.96-0.730.950.76-0.280.710.230.980.620.940.940.870.940.570.990.940.480.87-0.72-0.510.91.00.93-0.93-0.67
-0.610.53-0.5-0.520.47-0.28-0.25-0.61-0.33-0.87-0.63-0.59-0.88-0.26-0.6-0.61-0.37-0.60.470.32-0.56-0.66-0.670.83-0.67
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Ningxia Xiaoming Account Relationship Matchups

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Other Information on Investing in Ningxia Stock

Balance Sheet is a snapshot of the financial position of Ningxia Xiaoming Agr at a specified time, usually calculated after every quarter, six months, or one year. Ningxia Xiaoming Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Ningxia Xiaoming 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 Ningxia currently owns. An asset can also be divided into two categories, current and non-current.