| AT Stock | | | 551.00 1.00 0.18% |
Ashtead Technology financial indicator trend analysis is way more than just evaluating Ashtead Technology prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ashtead Technology is a good investment. Please check the relationship between Ashtead Technology Long Term Debt and its Capital Lease Obligations accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Ashtead Technology Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
Long Term Debt vs Capital Lease Obligations
Long Term Debt vs Capital Lease Obligations Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Ashtead Technology Long Term Debt account and
Capital Lease Obligations. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Ashtead Technology's Long Term Debt and Capital Lease Obligations is -0.69. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Capital Lease Obligations in the same time period over historical financial statements of Ashtead Technology Holdings, assuming nothing else is changed. The correlation between historical values of Ashtead Technology's Long Term Debt 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 Long Term Debt of Ashtead Technology Holdings 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 Long Term Debt i.e., Ashtead Technology's Long Term Debt and Capital Lease Obligations go up and down completely randomly.
Correlation Coefficient | -0.69 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Long Term Debt
Long-term debt is a debt that Ashtead Technology has held for over one year. Long-term debt appears on Ashtead Technology Holdings balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Ashtead Technology Holdings balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.
Capital Lease Obligations
Ashtead Technology capital lease obligations are the amount due for long-term lease agreements that are nearly equivalent to Ashtead Technology asset purchases. For example, Ashtead Technology can use a capital lease to finance the purchase of an asset without ever buying it. A capital lease gives companies such as Ashtead Technology 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 Ashtead Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ashtead 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 Ashtead Technology Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
The current year's
Tax Provision is expected to grow to about 6.2
M, whereas
Selling General Administrative is forecasted to decline to about 38.1
M.
Ashtead Technology fundamental ratios Correlations
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Ashtead Technology Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Ashtead Technology fundamental ratios Accounts
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Other Information on Investing in Ashtead Stock
Balance Sheet is a snapshot of the
financial position of Ashtead Technology at a specified time, usually calculated after every quarter, six months, or one year. Ashtead Technology Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Ashtead Technology 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 Ashtead currently owns. An asset can also be divided into two categories, current and non-current.