Guobo Non Current Liabilities Other vs Capital Lease Obligations Analysis

688375 Stock   47.49  0.79  1.69%   
Guobo Electronics financial indicator trend analysis is much more than just examining Guobo Electronics latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Guobo Electronics is a good investment. Please check the relationship between Guobo Electronics Non Current Liabilities Other and its Capital Lease Obligations accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Guobo Electronics 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.

Non Current Liabilities Other vs Capital Lease Obligations

Non Current Liabilities Other vs Capital Lease Obligations Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Guobo Electronics Non Current Liabilities Other account and Capital Lease Obligations. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Guobo Electronics' Non Current Liabilities Other and Capital Lease Obligations is 0.84. Overlapping area represents the amount of variation of Non Current Liabilities Other that can explain the historical movement of Capital Lease Obligations in the same time period over historical financial statements of Guobo Electronics Co, assuming nothing else is changed. The correlation between historical values of Guobo Electronics' Non Current Liabilities Other 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 Non Current Liabilities Other of Guobo Electronics 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 Non Current Liabilities Other i.e., Guobo Electronics' Non Current Liabilities Other and Capital Lease Obligations go up and down completely randomly.

Correlation Coefficient

0.84
Relationship DirectionPositive 
Relationship StrengthStrong

Non Current Liabilities Other

Capital Lease Obligations

Guobo Electronics capital lease obligations are the amount due for long-term lease agreements that are nearly equivalent to Guobo Electronics asset purchases. For example, Guobo Electronics can use a capital lease to finance the purchase of an asset without ever buying it. A capital lease gives companies such as Guobo Electronics 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 Guobo Electronics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Guobo Electronics 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 Guobo Electronics 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 19, 2024, Tax Provision is expected to decline to about 34.6 M. In addition to that, Selling General Administrative is expected to decline to about 26.6 M
 2021 2022 2023 2024 (projected)
Interest Expense14.9M9.0M6.7M8.4M
Interest Income1.8M12.0M28.7M30.1M

Guobo Electronics fundamental ratios Correlations

-0.620.65-0.61-0.61-0.64-0.64-0.58-0.59-0.660.47-0.78-0.760.790.840.88-0.65-0.6-0.61-0.660.55-0.61-0.761.0-0.58-0.7
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-0.610.93-1.00.880.960.930.970.930.95-0.190.830.77-0.29-0.67-0.470.81.00.870.95-0.980.910.77-0.610.850.65
-0.610.99-0.890.880.970.960.960.990.97-0.60.930.93-0.58-0.87-0.560.980.861.00.97-0.851.00.93-0.611.00.85
-0.640.99-0.970.960.970.990.990.991.0-0.390.930.9-0.48-0.81-0.590.930.950.961.0-0.950.980.9-0.640.940.81
-0.640.98-0.950.930.960.990.960.971.0-0.420.960.94-0.55-0.84-0.650.940.910.961.0-0.930.960.94-0.640.930.87
-0.580.99-0.970.970.960.990.960.990.98-0.380.880.85-0.39-0.76-0.470.90.960.960.98-0.940.980.85-0.580.940.73
-0.591.0-0.930.930.990.990.970.990.98-0.50.910.9-0.5-0.83-0.520.960.910.990.98-0.91.00.9-0.590.980.8
-0.660.98-0.970.950.971.01.00.980.98-0.40.950.92-0.52-0.83-0.630.930.930.961.0-0.940.970.92-0.660.940.84
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-0.780.92-0.870.830.930.930.960.880.910.95-0.550.99-0.75-0.94-0.820.950.80.920.95-0.820.910.99-0.780.90.96
-0.760.91-0.810.770.930.90.940.850.90.92-0.660.99-0.8-0.97-0.810.970.740.940.93-0.750.911.0-0.760.920.97
0.79-0.520.35-0.29-0.58-0.48-0.55-0.39-0.5-0.520.8-0.75-0.80.90.88-0.7-0.25-0.59-0.530.25-0.52-0.80.79-0.58-0.84
0.84-0.840.71-0.67-0.87-0.81-0.84-0.76-0.83-0.830.77-0.94-0.970.90.84-0.93-0.64-0.88-0.840.62-0.84-0.970.84-0.87-0.94
0.88-0.550.55-0.47-0.56-0.59-0.65-0.47-0.52-0.630.45-0.82-0.810.880.84-0.65-0.45-0.56-0.630.49-0.52-0.810.88-0.52-0.86
-0.650.96-0.820.80.980.930.940.90.960.93-0.70.950.97-0.7-0.93-0.650.770.990.94-0.760.960.97-0.650.980.91
-0.60.91-0.991.00.860.950.910.960.910.93-0.150.80.74-0.25-0.64-0.450.770.840.93-0.980.90.74-0.60.820.61
-0.610.99-0.870.871.00.960.960.960.990.96-0.620.920.94-0.59-0.88-0.560.990.840.96-0.830.990.94-0.611.00.85
-0.660.99-0.960.950.971.01.00.980.981.0-0.430.950.93-0.53-0.84-0.630.940.930.96-0.940.970.93-0.660.940.85
0.55-0.890.99-0.98-0.85-0.95-0.93-0.94-0.9-0.940.09-0.82-0.750.250.620.49-0.76-0.98-0.83-0.94-0.87-0.750.55-0.8-0.65
-0.611.0-0.910.911.00.980.960.981.00.97-0.550.910.91-0.52-0.84-0.520.960.90.990.97-0.870.91-0.610.990.8
-0.760.91-0.810.770.930.90.940.850.90.92-0.660.991.0-0.8-0.97-0.810.970.740.940.93-0.750.91-0.760.920.97
1.0-0.620.65-0.61-0.61-0.64-0.64-0.58-0.59-0.660.47-0.78-0.760.790.840.88-0.65-0.6-0.61-0.660.55-0.61-0.76-0.58-0.7
-0.580.98-0.850.851.00.940.930.940.980.94-0.650.90.92-0.58-0.87-0.520.980.821.00.94-0.80.990.92-0.580.82
-0.70.82-0.70.650.850.810.870.730.80.84-0.640.960.97-0.84-0.94-0.860.910.610.850.85-0.650.80.97-0.70.82
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Guobo Electronics Account Relationship Matchups

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Other Information on Investing in Guobo Stock

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