Suzhou Net Working Capital vs Capital Lease Obligations Analysis

688355 Stock

18.51 0.27 1.48%

Suzhou Mingzhi financial indicator trend analysis is much more than just breaking down Suzhou Mingzhi Technology prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Suzhou Mingzhi Technology is a good investment. Please check the relationship between Suzhou Mingzhi Net Working Capital and its Capital Lease Obligations accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Suzhou Mingzhi 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.

Net Working Capital vs Capital Lease Obligations

Net Working Capital vs Capital Lease Obligations Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Suzhou Mingzhi Technology Net Working Capital account and Capital Lease Obligations. At this time, the significance of the direction appears to have strong relationship.

The correlation between Suzhou Mingzhi's Net Working Capital and Capital Lease Obligations is 0.68. Overlapping area represents the amount of variation of Net Working Capital that can explain the historical movement of Capital Lease Obligations in the same time period over historical financial statements of Suzhou Mingzhi Technology, assuming nothing else is changed. The correlation between historical values of Suzhou Mingzhi's Net Working Capital 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 Net Working Capital of Suzhou Mingzhi Technology 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 Net Working Capital i.e., Suzhou Mingzhi's Net Working Capital and Capital Lease Obligations go up and down completely randomly.

Correlation Coefficient

0.68

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Net Working Capital

Capital Lease Obligations

Suzhou Mingzhi Technology capital lease obligations are the amount due for long-term lease agreements that are nearly equivalent to Suzhou Mingzhi asset purchases. For example, Suzhou Mingzhi can use a capital lease to finance the purchase of an asset without ever buying it. A capital lease gives companies such as Suzhou Mingzhi 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 Suzhou Mingzhi's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Suzhou Mingzhi 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 Suzhou Mingzhi 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.

The current year's Tax Provision is expected to grow to about (4 M). In addition to that, Selling General Administrative is expected to decline to about 27.5 M

	2021	2022	2023	2024 (projected)
Interest Expense	1.3M	2.6M	2.9M	2.2M
Interest Income	3.5M	3.1M	2.3M	2.6M

Interest Expense Interest Income

Suzhou Mingzhi fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Long Term Debt	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Net Invested Capital	Short Long Term Debt	Total Current Assets	Capital Stock	Non Current Liabilities Other	Net Working Capital	Intangible Assets	Property Plant And Equipment Net	Capital Lease Obligations	Property Plant And Equipment Gross
Total Assets		-0.86	-0.62	1.0	0.96	0.88	0.51	0.81	0.81	0.7	0.91	0.96	-0.92	0.37	0.69	-0.68	1.0	-0.41	0.99	0.96	0.71	0.99	0.81	0.74	0.78	0.8
Other Current Liab	-0.86		0.84	-0.88	-0.95	-0.8	-0.73	-0.73	-0.64	-0.73	-0.68	-0.83	0.83	-0.15	-0.71	0.87	-0.87	0.59	-0.84	-0.83	-0.5	-0.87	-0.75	-0.69	-0.74	-0.74
Total Current Liabilities	-0.62	0.84		-0.66	-0.75	-0.65	-0.93	-0.56	-0.19	-0.78	-0.42	-0.66	0.71	0.13	-0.72	1.0	-0.62	0.85	-0.6	-0.66	-0.31	-0.64	-0.52	-0.59	-0.61	-0.63
Total Stockholder Equity	1.0	-0.88	-0.66		0.98	0.88	0.56	0.8	0.79	0.71	0.89	0.96	-0.93	0.3	0.69	-0.71	1.0	-0.46	0.98	0.96	0.69	0.99	0.79	0.74	0.76	0.8
Retained Earnings	0.96	-0.95	-0.75	0.98		0.89	0.66	0.76	0.75	0.72	0.82	0.92	-0.93	0.18	0.67	-0.8	0.97	-0.57	0.95	0.92	0.59	0.97	0.75	0.7	0.72	0.76
Accounts Payable	0.88	-0.8	-0.65	0.88	0.89		0.46	0.44	0.77	0.42	0.91	0.74	-0.98	0.14	0.42	-0.72	0.87	-0.54	0.93	0.74	0.29	0.93	0.47	0.37	0.49	0.46
Cash	0.51	-0.73	-0.93	0.56	0.66	0.46		0.58	0.0	0.84	0.22	0.64	-0.57	-0.34	0.66	-0.92	0.51	-0.9	0.46	0.64	0.36	0.53	0.45	0.64	0.51	0.64
Non Current Assets Total	0.81	-0.73	-0.56	0.8	0.76	0.44	0.58		0.48	0.91	0.56	0.92	-0.56	0.43	0.9	-0.57	0.81	-0.26	0.7	0.92	0.95	0.71	0.96	0.99	0.92	0.99
Non Currrent Assets Other	0.81	-0.64	-0.19	0.79	0.75	0.77	0.0	0.48		0.2	0.89	0.64	-0.72	0.52	0.29	-0.26	0.82	0.04	0.85	0.64	0.44	0.82	0.59	0.36	0.5	0.43
Long Term Debt	0.7	-0.73	-0.78	0.71	0.72	0.42	0.84	0.91	0.2		0.39	0.85	-0.56	0.15	0.92	-0.78	0.7	-0.57	0.6	0.85	0.8	0.63	0.82	0.95	0.84	0.95
Net Receivables	0.91	-0.68	-0.42	0.89	0.82	0.91	0.22	0.56	0.89	0.39		0.78	-0.9	0.49	0.48	-0.5	0.91	-0.21	0.95	0.78	0.5	0.92	0.63	0.46	0.62	0.54
Common Stock Shares Outstanding	0.96	-0.83	-0.66	0.96	0.92	0.74	0.64	0.92	0.64	0.85	0.78		-0.83	0.31	0.8	-0.71	0.96	-0.47	0.91	1.0	0.83	0.92	0.87	0.88	0.84	0.92
Non Current Liabilities Total	-0.92	0.83	0.71	-0.93	-0.93	-0.98	-0.57	-0.56	-0.72	-0.56	-0.9	-0.83		-0.12	-0.52	0.78	-0.91	0.62	-0.96	-0.83	-0.41	-0.96	-0.55	-0.5	-0.57	-0.57
Inventory	0.37	-0.15	0.13	0.3	0.18	0.14	-0.34	0.43	0.52	0.15	0.49	0.31	-0.12		0.47	0.11	0.37	0.59	0.32	0.31	0.55	0.25	0.62	0.39	0.63	0.41
Other Current Assets	0.69	-0.71	-0.72	0.69	0.67	0.42	0.66	0.9	0.29	0.92	0.48	0.8	-0.52	0.47		-0.71	0.69	-0.34	0.6	0.8	0.81	0.6	0.9	0.93	0.97	0.94
Total Liab	-0.68	0.87	1.0	-0.71	-0.8	-0.72	-0.92	-0.57	-0.26	-0.78	-0.5	-0.71	0.78	0.11	-0.71		-0.68	0.85	-0.67	-0.71	-0.33	-0.71	-0.54	-0.6	-0.62	-0.64
Net Invested Capital	1.0	-0.87	-0.62	1.0	0.97	0.87	0.51	0.81	0.82	0.7	0.91	0.96	-0.91	0.37	0.69	-0.68		-0.4	0.99	0.96	0.71	0.99	0.82	0.74	0.78	0.8
Short Long Term Debt	-0.41	0.59	0.85	-0.46	-0.57	-0.54	-0.9	-0.26	0.04	-0.57	-0.21	-0.47	0.62	0.59	-0.34	0.85	-0.4		-0.42	-0.47	-0.04	-0.48	-0.12	-0.31	-0.18	-0.33
Total Current Assets	0.99	-0.84	-0.6	0.98	0.95	0.93	0.46	0.7	0.85	0.6	0.95	0.91	-0.96	0.32	0.6	-0.67	0.99	-0.42		0.91	0.6	1.0	0.72	0.63	0.69	0.7
Capital Stock	0.96	-0.83	-0.66	0.96	0.92	0.74	0.64	0.92	0.64	0.85	0.78	1.0	-0.83	0.31	0.8	-0.71	0.96	-0.47	0.91		0.83	0.92	0.87	0.88	0.84	0.92
Non Current Liabilities Other	0.71	-0.5	-0.31	0.69	0.59	0.29	0.36	0.95	0.44	0.8	0.5	0.83	-0.41	0.55	0.81	-0.33	0.71	-0.04	0.6	0.83		0.59	0.91	0.94	0.86	0.93
Net Working Capital	0.99	-0.87	-0.64	0.99	0.97	0.93	0.53	0.71	0.82	0.63	0.92	0.92	-0.96	0.25	0.6	-0.71	0.99	-0.48	1.0	0.92	0.59		0.71	0.64	0.68	0.71
Intangible Assets	0.81	-0.75	-0.52	0.79	0.75	0.47	0.45	0.96	0.59	0.82	0.63	0.87	-0.55	0.62	0.9	-0.54	0.82	-0.12	0.72	0.87	0.91	0.71		0.94	0.97	0.95
Property Plant And Equipment Net	0.74	-0.69	-0.59	0.74	0.7	0.37	0.64	0.99	0.36	0.95	0.46	0.88	-0.5	0.39	0.93	-0.6	0.74	-0.31	0.63	0.88	0.94	0.64	0.94		0.92	1.0
Capital Lease Obligations	0.78	-0.74	-0.61	0.76	0.72	0.49	0.51	0.92	0.5	0.84	0.62	0.84	-0.57	0.63	0.97	-0.62	0.78	-0.18	0.69	0.84	0.86	0.68	0.97	0.92		0.94
Property Plant And Equipment Gross	0.8	-0.74	-0.63	0.8	0.76	0.46	0.64	0.99	0.43	0.95	0.54	0.92	-0.57	0.41	0.94	-0.64	0.8	-0.33	0.7	0.92	0.93	0.71	0.95	1.0	0.94

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Suzhou Mingzhi Account Relationship Matchups

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Other Information on Investing in Suzhou Stock

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

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Suzhou Net Working Capital vs Capital Lease Obligations Analysis

Net Working Capital vs Capital Lease Obligations

Net Working Capital vs Capital Lease Obligations Correlation Analysis

Correlation Coefficient

Net Working Capital

Capital Lease Obligations

Suzhou Mingzhi fundamental ratios Correlations

Suzhou Mingzhi Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Currently Active Assets on Macroaxis

Other Information on Investing in Suzhou Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Net Invested Capital	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Current Liabilities
Net Invested Capital	+ 1.0	Total Stockholder Equity
Capital Stock	+ 1.0	Common Stock Shares Outstanding
Net Working Capital	+ 1.0	Total Current Assets

Non Current Liabilities Total	- 0.98	Accounts Payable
Net Working Capital	- 0.96	Non Current Liabilities Total
Total Current Assets	- 0.96	Non Current Liabilities Total
Retained Earnings	- 0.95	Other Current Liab
Non Current Liabilities Total	- 0.93	Retained Earnings
Non Current Liabilities Total	- 0.93	Total Stockholder Equity