301148 Stock | | | 17.08 0.79 4.42% |
Xiamen Jiarong financial indicator trend analysis is more than just analyzing Xiamen Jiarong Technology current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Xiamen Jiarong Technology is a good investment. Please check the relationship between Xiamen Jiarong Capital Lease Obligations and its Total Stockholder Equity accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Xiamen Jiarong Technology. 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 Total Stockholder Equity
Capital Lease Obligations vs Total Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Xiamen Jiarong Technology Capital Lease Obligations account and
Total Stockholder Equity. At this time, the significance of the direction appears to have strong relationship.
The correlation between Xiamen Jiarong's Capital Lease Obligations and Total Stockholder Equity is 0.78. Overlapping area represents the amount of variation of Capital Lease Obligations that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of Xiamen Jiarong Technology, assuming nothing else is changed. The correlation between historical values of Xiamen Jiarong's Capital Lease Obligations and Total Stockholder Equity 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 Xiamen Jiarong Technology are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Capital Lease Obligations i.e., Xiamen Jiarong's Capital Lease Obligations and Total Stockholder Equity go up and down completely randomly.
Correlation Coefficient | 0.78 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Capital Lease Obligations
Xiamen Jiarong Technology capital lease obligations are the amount due for long-term lease agreements that are nearly equivalent to Xiamen Jiarong asset purchases. For example, Xiamen Jiarong can use a capital lease to finance the purchase of an asset without ever buying it. A capital lease gives companies such as Xiamen Jiarong 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.
Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.
Most indicators from Xiamen Jiarong's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Xiamen Jiarong Technology 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 Xiamen Jiarong Technology. 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 January 6, 2025,
Tax Provision is expected to decline to about 367.7
K. In addition to that,
Selling General Administrative is expected to decline to about 67.3
MXiamen Jiarong fundamental ratios Correlations
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Xiamen Jiarong Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Xiamen Jiarong fundamental ratios Accounts
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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 Xiamen Stock
Balance Sheet is a snapshot of the
financial position of Xiamen Jiarong Technology at a specified time, usually calculated after every quarter, six months, or one year. Xiamen Jiarong Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Xiamen Jiarong 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 Xiamen currently owns. An asset can also be divided into two categories, current and non-current.