CIMC Capital Lease Obligations vs Long Term Debt Analysis
| 301039 Stock | 9.86 0.06 0.61% |
CIMC Vehicles financial indicator trend analysis is way more than just evaluating CIMC Vehicles prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether CIMC Vehicles is a good investment. Please check the relationship between CIMC Vehicles Capital Lease Obligations and its Long Term Debt accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CIMC Vehicles Co. 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.
Capital Lease Obligations vs Long Term Debt
Capital Lease Obligations vs Long Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of CIMC Vehicles Capital Lease Obligations account and Long Term Debt. At this time, the significance of the direction appears to have very strong relationship.
The correlation between CIMC Vehicles' Capital Lease Obligations and Long Term Debt is 0.84. Overlapping area represents the amount of variation of Capital Lease Obligations that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of CIMC Vehicles Co, assuming nothing else is changed. The correlation between historical values of CIMC Vehicles' Capital Lease Obligations and Long Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Lease Obligations of CIMC Vehicles Co are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Capital Lease Obligations i.e., CIMC Vehicles' Capital Lease Obligations and Long Term Debt go up and down completely randomly.
Correlation Coefficient | 0.84 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Capital Lease Obligations
CIMC Vehicles capital lease obligations are the amount due for long-term lease agreements that are nearly equivalent to CIMC Vehicles asset purchases. For example, CIMC Vehicles can use a capital lease to finance the purchase of an asset without ever buying it. A capital lease gives companies such as CIMC Vehicles 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.Long Term Debt
Long-term debt is a debt that CIMC Vehicles has held for over one year. Long-term debt appears on CIMC Vehicles Co 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 CIMC Vehicles Co 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.Most indicators from CIMC Vehicles' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into CIMC Vehicles 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 CIMC Vehicles Co. 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. As of December 2, 2024, Tax Provision is expected to decline to about 408.2 M. In addition to that, Selling General Administrative is expected to decline to about 1.7 B
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 44.8M | 46.8M | 11.1M | 10.6M | Interest Income | 62.0M | 73.3M | 121.7M | 90.6M |
CIMC Vehicles fundamental ratios Correlations
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CIMC Vehicles Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Balance Sheet is a snapshot of the financial position of CIMC Vehicles at a specified time, usually calculated after every quarter, six months, or one year. CIMC Vehicles Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of CIMC Vehicles 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 CIMC currently owns. An asset can also be divided into two categories, current and non-current.