Yerbae Total Current Liabilities vs Capital Lease Obligations Analysis
| YERB-U Stock | 0.12 0.02 20.00% |
Yerbae Brands financial indicator trend analysis is more than just analyzing Yerbae Brands Corp current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Yerbae Brands Corp is a good investment. Please check the relationship between Yerbae Brands Total Current Liabilities and its Capital Lease Obligations accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Yerbae Brands 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.
Total Current Liabilities vs Capital Lease Obligations
Total Current Liabilities vs Capital Lease Obligations Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Yerbae Brands Corp Total Current Liabilities account and Capital Lease Obligations. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Yerbae Brands' Total Current Liabilities and Capital Lease Obligations is -0.32. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Capital Lease Obligations in the same time period over historical financial statements of Yerbae Brands Corp, assuming nothing else is changed. The correlation between historical values of Yerbae Brands' Total Current Liabilities 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 Total Current Liabilities of Yerbae Brands 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 Total Current Liabilities i.e., Yerbae Brands' Total Current Liabilities and Capital Lease Obligations go up and down completely randomly.
Correlation Coefficient | -0.32 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Total Current Liabilities
Total Current Liabilities is an item on Yerbae Brands balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Yerbae Brands Corp are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Capital Lease Obligations
Yerbae Brands Corp capital lease obligations are the amount due for long-term lease agreements that are nearly equivalent to Yerbae Brands asset purchases. For example, Yerbae Brands can use a capital lease to finance the purchase of an asset without ever buying it. A capital lease gives companies such as Yerbae Brands 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 Yerbae Brands' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Yerbae Brands Corp 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 Current Watchlist to better understand how to build diversified portfolios, which includes a position in Yerbae Brands 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. The current year's Issuance Of Capital Stock is expected to grow to about 8.8 M, whereas Selling General Administrative is forecasted to decline to about 20.5 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 6.0M | 7.1M | 12.0M | 7.5M | Interest Expense | 175.0K | 1.4M | 659.5K | 505.5K |
Yerbae Brands fundamental ratios Correlations
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Yerbae Brands Account Relationship Matchups
High Positive Relationship
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Other Information on Investing in Yerbae Stock
Balance Sheet is a snapshot of the financial position of Yerbae Brands Corp at a specified time, usually calculated after every quarter, six months, or one year. Yerbae Brands Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Yerbae Brands 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 Yerbae currently owns. An asset can also be divided into two categories, current and non-current.