CIMC Capital Lease Obligations vs Net Invested Capital 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 Net Invested Capital 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 Net Invested Capital
Capital Lease Obligations vs Net Invested Capital 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 Net Invested Capital. At this time, the significance of the direction appears to have almost identical trend.
The correlation between CIMC Vehicles' Capital Lease Obligations and Net Invested Capital is 0.93. Overlapping area represents the amount of variation of Capital Lease Obligations that can explain the historical movement of Net Invested Capital 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 Net Invested Capital 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 Net Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Invested Capital has no effect on the direction of Capital Lease Obligations i.e., CIMC Vehicles' Capital Lease Obligations and Net Invested Capital go up and down completely randomly.
Correlation Coefficient | 0.93 |
| Relationship Direction | Positive |
| Relationship Strength | Very 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.Net Invested Capital
The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.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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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 CIMC Stock
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.