Guangdong Capital Lease Obligations vs Net Receivables Analysis
688325 Stock | 53.40 1.00 1.84% |
Guangdong Cellwise financial indicator trend analysis is much more than just examining Guangdong Cellwise latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Guangdong Cellwise is a good investment. Please check the relationship between Guangdong Cellwise Capital Lease Obligations and its Net Receivables accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Guangdong Cellwise Microelectronics. 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 Receivables
Capital Lease Obligations vs Net Receivables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Guangdong Cellwise Capital Lease Obligations account and Net Receivables. At this time, the significance of the direction appears to have pay attention.
The correlation between Guangdong Cellwise's Capital Lease Obligations and Net Receivables is -0.92. Overlapping area represents the amount of variation of Capital Lease Obligations that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Guangdong Cellwise Microelectronics, assuming nothing else is changed. The correlation between historical values of Guangdong Cellwise's Capital Lease Obligations and Net Receivables 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 Guangdong Cellwise Microelectronics are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Capital Lease Obligations i.e., Guangdong Cellwise's Capital Lease Obligations and Net Receivables go up and down completely randomly.
Correlation Coefficient | -0.92 |
Relationship Direction | Negative |
Relationship Strength | Significant |
Capital Lease Obligations
Guangdong Cellwise capital lease obligations are the amount due for long-term lease agreements that are nearly equivalent to Guangdong Cellwise asset purchases. For example, Guangdong Cellwise can use a capital lease to finance the purchase of an asset without ever buying it. A capital lease gives companies such as Guangdong Cellwise 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 Receivables
Most indicators from Guangdong Cellwise's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Guangdong Cellwise 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 Guangdong Cellwise Microelectronics. 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. The current year's Selling General Administrative is expected to grow to about 30.4 M, whereas Tax Provision is projected to grow to (4.5 M).
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 1.1M | 202.7K | 1.4M | 771.3K | Interest Income | 1.5M | 20.3M | 16.8M | 8.6M |
Guangdong Cellwise fundamental ratios Correlations
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Guangdong Cellwise Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Other Information on Investing in Guangdong Stock
Balance Sheet is a snapshot of the financial position of Guangdong Cellwise at a specified time, usually calculated after every quarter, six months, or one year. Guangdong Cellwise Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Guangdong Cellwise 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 Guangdong currently owns. An asset can also be divided into two categories, current and non-current.