Shanghai Capital Lease Obligations vs Non Currrent Assets Other Analysis

688385 Stock   39.80  0.25  0.63%   
Shanghai Fudan financial indicator trend analysis is much more than just breaking down Shanghai Fudan Micro prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shanghai Fudan Micro is a good investment. Please check the relationship between Shanghai Fudan Capital Lease Obligations and its Non Currrent Assets Other accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Shanghai Fudan 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 Non Currrent Assets Other

Capital Lease Obligations vs Non Currrent Assets Other Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shanghai Fudan Micro Capital Lease Obligations account and Non Currrent Assets Other. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Shanghai Fudan's Capital Lease Obligations and Non Currrent Assets Other is -0.01. Overlapping area represents the amount of variation of Capital Lease Obligations that can explain the historical movement of Non Currrent Assets Other in the same time period over historical financial statements of Shanghai Fudan Microelectronics, assuming nothing else is changed. The correlation between historical values of Shanghai Fudan's Capital Lease Obligations and Non Currrent Assets Other 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 Shanghai Fudan Microelectronics are associated (or correlated) with its Non Currrent Assets Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Currrent Assets Other has no effect on the direction of Capital Lease Obligations i.e., Shanghai Fudan's Capital Lease Obligations and Non Currrent Assets Other go up and down completely randomly.

Correlation Coefficient

-0.01
Relationship DirectionNegative 
Relationship StrengthInsignificant

Capital Lease Obligations

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

Non Currrent Assets Other

Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.
Most indicators from Shanghai Fudan's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shanghai Fudan Micro 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 Shanghai Fudan 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 Tax Provision is expected to grow to about 5.4 M, whereas Selling General Administrative is forecasted to decline to about 103.9 M.
 2021 2022 2023 2024 (projected)
Interest Expense4.5M4.4M28.0M29.4M
Interest Income8.4M14.8M15.5M11.7M

Shanghai Fudan fundamental ratios Correlations

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