IRay Common Stock Shares Outstanding vs Capital Lease Obligations Analysis

688301 Stock   98.31  0.31  0.32%   
IRay Technology financial indicator trend analysis is infinitely more than just investigating iRay Technology recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether iRay Technology is a good investment. Please check the relationship between IRay Technology Common Stock Shares Outstanding and its Capital Lease Obligations accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in iRay Technology 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 board of governors.

Common Stock Shares Outstanding vs Capital Lease Obligations

Common Stock Shares Outstanding vs Capital Lease Obligations Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of iRay Technology Common Stock Shares Outstanding account and Capital Lease Obligations. At this time, the significance of the direction appears to have fragmental relationship.
Common Stock Shares OutstandingCapital Lease ObligationsDiversified AwayCommon Stock Shares OutstandingCapital Lease ObligationsDiversified Away100%
The correlation between IRay Technology's Common Stock Shares Outstanding and Capital Lease Obligations is 0.54. Overlapping area represents the amount of variation of Common Stock Shares Outstanding that can explain the historical movement of Capital Lease Obligations in the same time period over historical financial statements of iRay Technology Co, assuming nothing else is changed. The correlation between historical values of IRay Technology's Common Stock Shares Outstanding 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 Common Stock Shares Outstanding of iRay Technology 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 Common Stock Shares Outstanding i.e., IRay Technology's Common Stock Shares Outstanding and Capital Lease Obligations go up and down completely randomly.

Correlation Coefficient

0.54
Relationship DirectionPositive 
Relationship StrengthWeak

Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.

Capital Lease Obligations

IRay Technology capital lease obligations are the amount due for long-term lease agreements that are nearly equivalent to IRay Technology asset purchases. For example, IRay Technology can use a capital lease to finance the purchase of an asset without ever buying it. A capital lease gives companies such as IRay Technology 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 IRay Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into iRay 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 iRay Technology 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 board of governors.
As of December 25, 2024, Tax Provision is expected to decline to about 58.2 M. In addition to that, Selling General Administrative is expected to decline to about 103.6 M
 2021 2022 2023 2024 (projected)
Interest Expense2.3M12.4M25.0M26.3M
Interest Income27.5M34.5M39.8M24.7M

IRay Technology fundamental ratios Correlations

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0.960.370.870.940.930.820.830.870.690.860.890.840.90.890.870.950.860.870.750.790.820.84-0.90.780.85
0.860.550.590.920.840.490.950.590.820.590.840.70.810.650.670.880.560.960.750.970.750.52-0.70.710.52
0.880.650.570.950.840.470.990.580.830.560.870.710.820.610.670.910.570.990.790.970.760.5-0.680.740.51
0.890.080.890.830.90.850.840.910.90.840.610.990.930.860.970.880.90.820.820.750.760.86-0.940.950.86
0.76-0.011.00.690.771.00.580.990.560.820.610.910.760.970.960.740.990.610.840.520.50.86-0.970.721.0
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0.90.060.760.810.920.710.840.780.960.850.540.920.950.710.870.890.770.810.780.710.740.950.72-0.830.72
0.77-0.011.00.690.771.00.590.990.570.820.620.920.770.980.960.751.00.620.850.520.510.861.0-0.970.72
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IRay Technology Account Relationship Matchups

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Other Information on Investing in IRay Stock

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