Edible Short Term Debt vs Capital Lease Obligations Analysis

EDBLW Stock  USD 0.01  0  15.79%   
Edible Garden financial indicator trend analysis is much more than just examining Edible Garden AG latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Edible Garden AG is a good investment. Please check the relationship between Edible Garden Short Term Debt and its Capital Lease Obligations accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Edible Garden AG. 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.

Short Term Debt vs Capital Lease Obligations

Short 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 Edible Garden AG Short Term Debt account and Capital Lease Obligations. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Edible Garden's Short Term Debt and Capital Lease Obligations is -0.38. Overlapping area represents the amount of variation of Short Term Debt that can explain the historical movement of Capital Lease Obligations in the same time period over historical financial statements of Edible Garden AG, assuming nothing else is changed. The correlation between historical values of Edible Garden's Short 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 Short Term Debt of Edible Garden AG 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 Short Term Debt i.e., Edible Garden's Short Term Debt and Capital Lease Obligations go up and down completely randomly.

Correlation Coefficient

-0.38
Relationship DirectionNegative 
Relationship StrengthInsignificant

Short Term Debt

Capital Lease Obligations

Edible Garden AG capital lease obligations are the amount due for long-term lease agreements that are nearly equivalent to Edible Garden asset purchases. For example, Edible Garden can use a capital lease to finance the purchase of an asset without ever buying it. A capital lease gives companies such as Edible Garden 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 Edible Garden's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Edible Garden AG 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Edible Garden AG. 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.
Sales General And Administrative To Revenue is likely to climb to 0.76 in 2024, whereas Selling General Administrative is likely to drop slightly above 7.7 M in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit648K364K822K713.0K
Total Revenue10.5M11.6M14.0M11.3M

Edible Garden fundamental ratios Correlations

-0.84-0.55-0.780.910.73-0.84-0.17-0.83-0.440.970.87-0.44-0.44-0.39-0.870.530.180.76-0.86-0.19-0.510.91-0.310.5-0.08
-0.840.670.98-0.96-0.481.0-0.020.830.42-0.87-0.870.420.630.310.87-0.26-0.41-0.571.00.350.82-0.750.4-0.720.26
-0.550.670.57-0.66-0.060.62-0.540.350.8-0.73-0.880.80.980.710.860.350.310.040.720.90.28-0.760.92-0.970.86
-0.780.980.57-0.92-0.480.990.010.820.33-0.79-0.770.330.540.220.77-0.27-0.52-0.560.970.260.89-0.630.29-0.650.15
0.91-0.96-0.66-0.920.64-0.96-0.15-0.92-0.340.930.89-0.34-0.57-0.25-0.90.410.320.68-0.97-0.29-0.760.85-0.350.64-0.22
0.73-0.48-0.06-0.480.64-0.49-0.56-0.720.030.650.40.030.080.0-0.380.760.170.77-0.470.22-0.460.490.12-0.050.4
-0.841.00.620.99-0.96-0.490.030.860.36-0.85-0.840.360.580.250.84-0.31-0.47-0.610.990.280.84-0.740.33-0.680.2
-0.17-0.02-0.540.01-0.15-0.560.030.52-0.790.00.19-0.79-0.65-0.78-0.14-0.89-0.53-0.73-0.05-0.80.230.0-0.780.62-0.7
-0.830.830.350.82-0.92-0.720.860.52-0.04-0.78-0.69-0.040.23-0.130.71-0.69-0.55-0.870.83-0.080.78-0.71-0.02-0.31-0.08
-0.440.420.80.33-0.340.030.36-0.79-0.04-0.58-0.671.00.820.990.620.470.530.230.460.85-0.06-0.560.92-0.80.68
0.97-0.87-0.73-0.790.930.65-0.850.0-0.78-0.580.95-0.58-0.63-0.52-0.940.340.040.61-0.9-0.41-0.50.95-0.520.67-0.3
0.87-0.87-0.88-0.770.890.4-0.840.19-0.69-0.670.95-0.67-0.8-0.58-1.00.12-0.030.43-0.91-0.6-0.450.96-0.670.83-0.54
-0.440.420.80.33-0.340.030.36-0.79-0.041.0-0.58-0.670.820.990.620.470.530.230.460.85-0.06-0.560.92-0.80.68
-0.440.630.980.54-0.570.080.58-0.650.230.82-0.63-0.80.820.720.790.490.30.170.680.940.27-0.640.94-0.990.89
-0.390.310.710.22-0.250.00.25-0.78-0.130.99-0.52-0.580.990.720.520.460.610.260.360.79-0.16-0.50.87-0.70.6
-0.870.870.860.77-0.9-0.380.84-0.140.710.62-0.94-1.00.620.790.52-0.14-0.02-0.460.910.560.46-0.960.64-0.820.54
0.53-0.260.35-0.270.410.76-0.31-0.89-0.690.470.340.120.470.490.46-0.140.530.93-0.230.7-0.320.30.61-0.420.69
0.18-0.410.31-0.520.320.17-0.47-0.53-0.550.530.04-0.030.530.30.61-0.020.530.59-0.340.58-0.7-0.060.6-0.170.52
0.76-0.570.04-0.560.680.77-0.61-0.73-0.870.230.610.430.230.170.26-0.460.930.59-0.550.46-0.510.560.36-0.090.47
-0.861.00.720.97-0.97-0.470.99-0.050.830.46-0.9-0.910.460.680.360.91-0.23-0.34-0.550.40.77-0.810.45-0.760.32
-0.190.350.90.26-0.290.220.28-0.8-0.080.85-0.41-0.60.850.940.790.560.70.580.460.40.01-0.440.98-0.880.93
-0.510.820.280.89-0.76-0.460.840.230.78-0.06-0.5-0.45-0.060.27-0.160.46-0.32-0.7-0.510.770.01-0.3-0.01-0.38-0.07
0.91-0.75-0.76-0.630.850.49-0.740.0-0.71-0.560.950.96-0.56-0.64-0.5-0.960.3-0.060.56-0.81-0.44-0.3-0.540.66-0.42
-0.310.40.920.29-0.350.120.33-0.78-0.020.92-0.52-0.670.920.940.870.640.610.60.360.450.98-0.01-0.54-0.890.89
0.5-0.72-0.97-0.650.64-0.05-0.680.62-0.31-0.80.670.83-0.8-0.99-0.7-0.82-0.42-0.17-0.09-0.76-0.88-0.380.66-0.89-0.83
-0.080.260.860.15-0.220.40.2-0.7-0.080.68-0.3-0.540.680.890.60.540.690.520.470.320.93-0.07-0.420.89-0.83
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Edible Garden Account Relationship Matchups

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