China Net Receivables vs Capital Lease Obligations Analysis
001289 Stock | 17.23 0.53 2.98% |
China Longyuan financial indicator trend analysis is way more than just evaluating China Longyuan Power prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether China Longyuan Power is a good investment. Please check the relationship between China Longyuan Net Receivables and its Capital Lease Obligations accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in China Longyuan Power. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
Net Receivables vs Capital Lease Obligations
Net Receivables vs Capital Lease Obligations Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of China Longyuan Power Net Receivables account and Capital Lease Obligations. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between China Longyuan's Net Receivables and Capital Lease Obligations is -0.24. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Capital Lease Obligations in the same time period over historical financial statements of China Longyuan Power, assuming nothing else is changed. The correlation between historical values of China Longyuan's Net Receivables 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 Net Receivables of China Longyuan Power 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 Net Receivables i.e., China Longyuan's Net Receivables and Capital Lease Obligations go up and down completely randomly.
Correlation Coefficient | -0.24 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Net Receivables
Capital Lease Obligations
China Longyuan Power capital lease obligations are the amount due for long-term lease agreements that are nearly equivalent to China Longyuan asset purchases. For example, China Longyuan can use a capital lease to finance the purchase of an asset without ever buying it. A capital lease gives companies such as China Longyuan 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 China Longyuan's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into China Longyuan Power 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in China Longyuan Power. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. The current year's Tax Provision is expected to grow to about 1.5 B. The current year's Selling General Administrative is expected to grow to about 170.6 M
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 3.1B | 3.5B | 3.4B | 3.6B | Interest Income | 33.5M | 182.8M | 231.5M | 138.9M |
China Longyuan fundamental ratios Correlations
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China Longyuan Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Balance Sheet is a snapshot of the financial position of China Longyuan Power at a specified time, usually calculated after every quarter, six months, or one year. China Longyuan Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of China Longyuan 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 China currently owns. An asset can also be divided into two categories, current and non-current.