Zhuzhou Capital Lease Obligations vs Deferred Long Term Liab Analysis

688187 Stock   47.84  0.30  0.62%   
Zhuzhou CRRC financial indicator trend analysis is more than just analyzing Zhuzhou CRRC Times current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zhuzhou CRRC Times is a good investment. Please check the relationship between Zhuzhou CRRC Capital Lease Obligations and its Deferred Long Term Liab accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Zhuzhou CRRC Times. 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 Deferred Long Term Liab

Capital Lease Obligations vs Deferred Long Term Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zhuzhou CRRC Times Capital Lease Obligations account and Deferred Long Term Liab. At this time, the significance of the direction appears to have strong relationship.
The correlation between Zhuzhou CRRC's Capital Lease Obligations and Deferred Long Term Liab is 0.79. Overlapping area represents the amount of variation of Capital Lease Obligations that can explain the historical movement of Deferred Long Term Liab in the same time period over historical financial statements of Zhuzhou CRRC Times, assuming nothing else is changed. The correlation between historical values of Zhuzhou CRRC's Capital Lease Obligations and Deferred Long Term Liab 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 Zhuzhou CRRC Times are associated (or correlated) with its Deferred Long Term Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Deferred Long Term Liab has no effect on the direction of Capital Lease Obligations i.e., Zhuzhou CRRC's Capital Lease Obligations and Deferred Long Term Liab go up and down completely randomly.

Correlation Coefficient

0.79
Relationship DirectionPositive 
Relationship StrengthSignificant

Capital Lease Obligations

Zhuzhou CRRC Times capital lease obligations are the amount due for long-term lease agreements that are nearly equivalent to Zhuzhou CRRC asset purchases. For example, Zhuzhou CRRC can use a capital lease to finance the purchase of an asset without ever buying it. A capital lease gives companies such as Zhuzhou CRRC 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.

Deferred Long Term Liab

Liabilities that are due after more than one year, including deferred tax liabilities and deferred revenue.
Most indicators from Zhuzhou CRRC's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zhuzhou CRRC Times 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 Zhuzhou CRRC Times. 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.
At present, Zhuzhou CRRC's Selling General Administrative is projected to decrease significantly based on the last few years of reporting. The current year's Issuance Of Capital Stock is expected to grow to about 9.3 B, whereas Tax Provision is forecasted to decline to about 202.1 M.
 2021 2022 2023 2024 (projected)
Net Interest Income68.4M179.8M209.5M220.0M
Tax Provision88.5M349.6M209.5M202.1M

Zhuzhou CRRC fundamental ratios Correlations

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Zhuzhou CRRC Account Relationship Matchups

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Other Information on Investing in Zhuzhou Stock

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