Northstar Capital Lease Obligations vs Long Term Debt Analysis
ROOF Stock | 0.32 0.01 3.03% |
Northstar Clean financial indicator trend analysis is infinitely more than just investigating Northstar Clean Tech recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Northstar Clean Tech is a good investment. Please check the relationship between Northstar Clean Capital Lease Obligations and its Long Term Debt accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Northstar Clean Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.
Capital Lease Obligations vs Long Term Debt
Capital Lease Obligations vs Long Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Northstar Clean Tech Capital Lease Obligations account and Long Term Debt. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Northstar Clean's Capital Lease Obligations and Long Term Debt is 0.92. Overlapping area represents the amount of variation of Capital Lease Obligations that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of Northstar Clean Technologies, assuming nothing else is changed. The correlation between historical values of Northstar Clean's Capital Lease Obligations and Long Term Debt 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 Northstar Clean Technologies are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Capital Lease Obligations i.e., Northstar Clean's Capital Lease Obligations and Long Term Debt go up and down completely randomly.
Correlation Coefficient | 0.92 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Capital Lease Obligations
Northstar Clean Tech capital lease obligations are the amount due for long-term lease agreements that are nearly equivalent to Northstar Clean asset purchases. For example, Northstar Clean can use a capital lease to finance the purchase of an asset without ever buying it. A capital lease gives companies such as Northstar Clean 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.Long Term Debt
Long-term debt is a debt that Northstar Clean Tech has held for over one year. Long-term debt appears on Northstar Clean Technologies 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 Northstar Clean Technologies 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.Most indicators from Northstar Clean's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Northstar Clean Tech 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Northstar Clean Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census. Selling General Administrative is likely to drop to about 4.2 M in 2024. Tax Provision is likely to drop to about (274.9 K) in 2024
2021 | 2022 | 2023 | 2024 (projected) | Reconciled Depreciation | 462.0K | 1.1M | 1.1M | 820.0K | Total Operating Expenses | 6.8M | 8.1M | 6.6M | 7.7M |
Northstar Clean fundamental ratios Correlations
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Northstar Clean Account Relationship Matchups
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Additional Tools for Northstar Stock Analysis
When running Northstar Clean's price analysis, check to measure Northstar Clean'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 Northstar Clean is operating at the current time. Most of Northstar Clean's value examination focuses on studying past and present price action to predict the probability of Northstar Clean's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Northstar Clean's price. Additionally, you may evaluate how the addition of Northstar Clean to your portfolios can decrease your overall portfolio volatility.