EverGen Cash vs Capital Lease Obligations Analysis
| EVGN Stock | 1.64 0.01 0.61% |
EverGen Infrastructure financial indicator trend analysis is much more than just examining EverGen Infrastructure latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether EverGen Infrastructure is a good investment. Please check the relationship between EverGen Infrastructure Cash and its Capital Lease Obligations accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in EverGen Infrastructure Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Cash vs Capital Lease Obligations
Cash vs Capital Lease Obligations Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of EverGen Infrastructure Cash account and Capital Lease Obligations. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between EverGen Infrastructure's Cash and Capital Lease Obligations is -0.32. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Capital Lease Obligations in the same time period over historical financial statements of EverGen Infrastructure Corp, assuming nothing else is changed. The correlation between historical values of EverGen Infrastructure's Cash 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 Cash of EverGen Infrastructure Corp 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 Cash i.e., EverGen Infrastructure's Cash and Capital Lease Obligations go up and down completely randomly.
Correlation Coefficient | -0.32 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Cash
Cash refers to the most liquid asset of EverGen Infrastructure, which is listed under current asset account on EverGen Infrastructure Corp balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from EverGen Infrastructure customers. The amounts must be unrestricted with restricted cash listed in a different EverGen Infrastructure account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.Capital Lease Obligations
EverGen Infrastructure capital lease obligations are the amount due for long-term lease agreements that are nearly equivalent to EverGen Infrastructure asset purchases. For example, EverGen Infrastructure can use a capital lease to finance the purchase of an asset without ever buying it. A capital lease gives companies such as EverGen Infrastructure 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 EverGen Infrastructure's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into EverGen Infrastructure 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 EverGen Infrastructure Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. Enterprise Value is likely to climb to about 51.1 M in 2024, despite the fact that Tax Provision is likely to grow to (1.6 M).
| 2010 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 13.1M | 14.6M | 15.0M | 15.7M | Cost Of Revenue | 2.8M | 3.5M | 9.9M | 6.0M |
EverGen Infrastructure fundamental ratios Correlations
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EverGen Infrastructure Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Additional Tools for EverGen Stock Analysis
When running EverGen Infrastructure's price analysis, check to measure EverGen Infrastructure'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 EverGen Infrastructure is operating at the current time. Most of EverGen Infrastructure's value examination focuses on studying past and present price action to predict the probability of EverGen Infrastructure's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EverGen Infrastructure's price. Additionally, you may evaluate how the addition of EverGen Infrastructure to your portfolios can decrease your overall portfolio volatility.