SBC Capital Lease Obligations vs Cash Analysis
| SBCWW Stock | 0.26 0.01 3.70% |
SBC Medical financial indicator trend analysis is much more than just breaking down SBC Medical Group prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether SBC Medical Group is a good investment. Please check the relationship between SBC Medical Capital Lease Obligations and its Cash accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SBC Medical Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.
Capital Lease Obligations vs Cash
Capital Lease Obligations vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of SBC Medical Group Capital Lease Obligations account and Cash. At this time, the significance of the direction appears to have very strong relationship.
The correlation between SBC Medical's Capital Lease Obligations and Cash is 0.87. Overlapping area represents the amount of variation of Capital Lease Obligations that can explain the historical movement of Cash in the same time period over historical financial statements of SBC Medical Group, assuming nothing else is changed. The correlation between historical values of SBC Medical's Capital Lease Obligations and Cash 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 SBC Medical Group are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Capital Lease Obligations i.e., SBC Medical's Capital Lease Obligations and Cash go up and down completely randomly.
Correlation Coefficient | 0.87 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Capital Lease Obligations
SBC Medical Group capital lease obligations are the amount due for long-term lease agreements that are nearly equivalent to SBC Medical asset purchases. For example, SBC Medical can use a capital lease to finance the purchase of an asset without ever buying it. A capital lease gives companies such as SBC Medical 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.Cash
Cash refers to the most liquid asset of SBC Medical Group, which is listed under current asset account on SBC Medical Group balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from SBC Medical customers. The amounts must be unrestricted with restricted cash listed in a different SBC Medical 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.Most indicators from SBC Medical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into SBC Medical Group 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 World Market Map to better understand how to build diversified portfolios, which includes a position in SBC Medical Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing. Tax Provision is likely to drop to about 29.2 M in 2024. Selling General Administrative is likely to drop to about 63.9 M in 2024
| 2010 | 2023 | 2024 (projected) | Net Interest Income | 440.9K | 41.5K | 39.4K | Tax Provision | 18.1M | 35.0M | 29.2M |
SBC Medical fundamental ratios Correlations
Click cells to compare fundamentals
SBC Medical Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for SBC Stock Analysis
When running SBC Medical's price analysis, check to measure SBC Medical'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 SBC Medical is operating at the current time. Most of SBC Medical's value examination focuses on studying past and present price action to predict the probability of SBC Medical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SBC Medical's price. Additionally, you may evaluate how the addition of SBC Medical to your portfolios can decrease your overall portfolio volatility.