Above Capital Lease Obligations vs Other Current Liab Analysis
ABVEW Stock | 0.02 0 15.48% |
Above Food financial indicator trend analysis is way more than just evaluating Above Food Ingredients prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Above Food Ingredients is a good investment. Please check the relationship between Above Food Capital Lease Obligations and its Other Current Liab accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Above Food Ingredients. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.
Capital Lease Obligations vs Other Current Liab
Capital Lease Obligations vs Other Current Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Above Food Ingredients Capital Lease Obligations account and Other Current Liab. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Above Food's Capital Lease Obligations and Other Current Liab is -0.24. Overlapping area represents the amount of variation of Capital Lease Obligations that can explain the historical movement of Other Current Liab in the same time period over historical financial statements of Above Food Ingredients, assuming nothing else is changed. The correlation between historical values of Above Food's Capital Lease Obligations and Other Current Liab 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 Above Food Ingredients are associated (or correlated) with its Other Current Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Liab has no effect on the direction of Capital Lease Obligations i.e., Above Food's Capital Lease Obligations and Other Current Liab go up and down completely randomly.
Correlation Coefficient | -0.24 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Capital Lease Obligations
Above Food Ingredients capital lease obligations are the amount due for long-term lease agreements that are nearly equivalent to Above Food asset purchases. For example, Above Food can use a capital lease to finance the purchase of an asset without ever buying it. A capital lease gives companies such as Above Food 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.Other Current Liab
Most indicators from Above Food's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Above Food Ingredients 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 Above Food Ingredients. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income. At this time, Above Food's Tax Provision is fairly stable compared to the past year. Enterprise Value is likely to climb to about 272.3 M in 2024, whereas Selling General Administrative is likely to drop slightly above 24.2 M in 2024.
2010 | 2022 | 2023 | 2024 (projected) | Depreciation And Amortization | 1.4M | 3.0M | 3.6M | 2.9M | Interest Income | 82.3K | 296.5K | 245.3K | 228.8K |
Above Food fundamental ratios Correlations
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Above Food Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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When running Above Food's price analysis, check to measure Above Food's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Above Food is operating at the current time. Most of Above Food's value examination focuses on studying past and present price action to predict the probability of Above Food's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Above Food's price. Additionally, you may evaluate how the addition of Above Food to your portfolios can decrease your overall portfolio volatility.