Shuhua Property Plant And Equipment Gross vs Capital Lease Obligations Analysis

605299 Stock   8.02  0.54  6.31%   
Shuhua Sports financial indicator trend analysis is much more than just breaking down Shuhua Sports prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shuhua Sports is a good investment. Please check the relationship between Shuhua Sports Property Plant And Equipment Gross and its Capital Lease Obligations accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Shuhua Sports 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.

Property Plant And Equipment Gross vs Capital Lease Obligations

Property Plant And Equipment Gross vs Capital Lease Obligations Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shuhua Sports Property Plant And Equipment Gross account and Capital Lease Obligations. At this time, the significance of the direction appears to have strong relationship.
The correlation between Shuhua Sports' Property Plant And Equipment Gross and Capital Lease Obligations is 0.68. Overlapping area represents the amount of variation of Property Plant And Equipment Gross that can explain the historical movement of Capital Lease Obligations in the same time period over historical financial statements of Shuhua Sports Co, assuming nothing else is changed. The correlation between historical values of Shuhua Sports' Property Plant And Equipment Gross 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 Property Plant And Equipment Gross of Shuhua Sports Co 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 Property Plant And Equipment Gross i.e., Shuhua Sports' Property Plant And Equipment Gross and Capital Lease Obligations go up and down completely randomly.

Correlation Coefficient

0.68
Relationship DirectionPositive 
Relationship StrengthSignificant

Property Plant And Equipment Gross

Capital Lease Obligations

Shuhua Sports capital lease obligations are the amount due for long-term lease agreements that are nearly equivalent to Shuhua Sports asset purchases. For example, Shuhua Sports can use a capital lease to finance the purchase of an asset without ever buying it. A capital lease gives companies such as Shuhua Sports 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 Shuhua Sports' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shuhua Sports 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 Shuhua Sports 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 24, 2024, Tax Provision is expected to decline to about 28 M. In addition to that, Selling General Administrative is expected to decline to about 135 M
 2021 2022 2023 2024 (projected)
Interest Expense4.3M5.4M3.3M6.3M
Interest Income1.1M1.5M1.5M1.2M

Shuhua Sports fundamental ratios Correlations

-0.95-0.580.96-0.660.980.930.76-0.44-0.64-0.66-0.750.96-0.950.510.67-0.650.99-0.650.990.960.94-0.82-0.720.680.73
-0.950.72-1.00.53-0.99-0.86-0.70.30.720.530.83-0.970.97-0.69-0.830.78-0.960.82-0.95-0.97-0.990.780.63-0.7-0.71
-0.580.72-0.730.56-0.7-0.4-0.070.50.850.560.88-0.780.77-0.5-0.831.0-0.60.93-0.53-0.78-0.690.790.67-0.57-0.86
0.96-1.0-0.73-0.570.990.870.69-0.34-0.74-0.57-0.830.98-0.970.650.82-0.790.97-0.810.960.980.99-0.81-0.670.720.74
-0.660.530.56-0.57-0.64-0.56-0.110.950.711.00.49-0.70.640.16-0.280.59-0.650.38-0.62-0.7-0.540.920.98-0.64-0.89
0.98-0.99-0.70.99-0.640.890.7-0.43-0.73-0.64-0.830.99-0.980.590.77-0.770.99-0.760.970.990.97-0.85-0.730.710.78
0.93-0.86-0.40.87-0.560.890.8-0.28-0.42-0.56-0.570.85-0.870.530.65-0.490.9-0.560.920.850.84-0.67-0.550.490.55
0.76-0.7-0.070.69-0.110.70.80.13-0.07-0.11-0.440.62-0.650.630.43-0.160.74-0.290.760.620.67-0.26-0.150.230.16
-0.440.30.5-0.340.95-0.43-0.280.130.640.950.41-0.510.440.36-0.090.51-0.430.23-0.39-0.51-0.310.810.92-0.52-0.84
-0.640.720.85-0.740.71-0.73-0.42-0.070.640.710.68-0.760.69-0.19-0.570.85-0.70.71-0.67-0.76-0.760.890.83-0.91-0.86
-0.660.530.56-0.571.0-0.64-0.56-0.110.950.710.49-0.70.640.16-0.280.59-0.650.38-0.62-0.7-0.540.920.98-0.64-0.89
-0.750.830.88-0.830.49-0.83-0.57-0.440.410.680.49-0.880.89-0.67-0.840.91-0.750.88-0.68-0.88-0.770.740.62-0.46-0.81
0.96-0.97-0.780.98-0.70.990.850.62-0.51-0.76-0.7-0.88-0.990.570.79-0.840.96-0.810.931.00.95-0.89-0.780.690.85
-0.950.970.77-0.970.64-0.98-0.87-0.650.440.690.640.89-0.99-0.64-0.840.83-0.940.83-0.91-0.99-0.930.840.71-0.6-0.81
0.51-0.69-0.50.650.160.590.530.630.36-0.190.16-0.670.57-0.640.86-0.540.51-0.750.480.570.62-0.180.050.080.18
0.67-0.83-0.830.82-0.280.770.650.43-0.09-0.57-0.28-0.840.79-0.840.86-0.860.67-0.970.620.790.78-0.58-0.370.370.59
-0.650.781.0-0.790.59-0.77-0.49-0.160.510.850.590.91-0.840.83-0.54-0.86-0.670.95-0.61-0.84-0.750.820.7-0.6-0.88
0.99-0.96-0.60.97-0.650.990.90.74-0.43-0.7-0.65-0.750.96-0.940.510.67-0.67-0.660.990.960.96-0.82-0.720.740.73
-0.650.820.93-0.810.38-0.76-0.56-0.290.230.710.380.88-0.810.83-0.75-0.970.95-0.66-0.61-0.81-0.780.680.49-0.49-0.71
0.99-0.95-0.530.96-0.620.970.920.76-0.39-0.67-0.62-0.680.93-0.910.480.62-0.610.99-0.610.930.96-0.79-0.690.750.68
0.96-0.97-0.780.98-0.70.990.850.62-0.51-0.76-0.7-0.881.0-0.990.570.79-0.840.96-0.810.930.95-0.89-0.780.690.85
0.94-0.99-0.690.99-0.540.970.840.67-0.31-0.76-0.54-0.770.95-0.930.620.78-0.750.96-0.780.960.95-0.79-0.650.790.7
-0.820.780.79-0.810.92-0.85-0.67-0.260.810.890.920.74-0.890.84-0.18-0.580.82-0.820.68-0.79-0.89-0.790.97-0.79-0.97
-0.720.630.67-0.670.98-0.73-0.55-0.150.920.830.980.62-0.780.710.05-0.370.7-0.720.49-0.69-0.78-0.650.97-0.75-0.95
0.68-0.7-0.570.72-0.640.710.490.23-0.52-0.91-0.64-0.460.69-0.60.080.37-0.60.74-0.490.750.690.79-0.79-0.750.68
0.73-0.71-0.860.74-0.890.780.550.16-0.84-0.86-0.89-0.810.85-0.810.180.59-0.880.73-0.710.680.850.7-0.97-0.950.68
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Shuhua Sports Account Relationship Matchups

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Other Information on Investing in Shuhua Stock

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