Sportsoul Capital Stock vs Capital Lease Obligations Analysis
001300 Stock | 14.71 0.08 0.55% |
Sportsoul financial indicator trend analysis is much more than just breaking down Sportsoul prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sportsoul is a good investment. Please check the relationship between Sportsoul Capital Stock and its Capital Lease Obligations accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Sportsoul Co Ltd. 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.
Capital Stock vs Capital Lease Obligations
Capital Stock vs Capital Lease Obligations Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sportsoul Capital Stock account and Capital Lease Obligations. At this time, the significance of the direction appears to have pay attention.
The correlation between Sportsoul's Capital Stock and Capital Lease Obligations is -0.91. Overlapping area represents the amount of variation of Capital Stock that can explain the historical movement of Capital Lease Obligations in the same time period over historical financial statements of Sportsoul Co Ltd, assuming nothing else is changed. The correlation between historical values of Sportsoul's Capital Stock 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 Capital Stock of Sportsoul Co Ltd 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 Capital Stock i.e., Sportsoul's Capital Stock and Capital Lease Obligations go up and down completely randomly.
Correlation Coefficient | -0.91 |
Relationship Direction | Negative |
Relationship Strength | Significant |
Capital Stock
The total amount of a company's capital funded by shareholders through the issue and subscription of shares.Capital Lease Obligations
Sportsoul capital lease obligations are the amount due for long-term lease agreements that are nearly equivalent to Sportsoul asset purchases. For example, Sportsoul can use a capital lease to finance the purchase of an asset without ever buying it. A capital lease gives companies such as Sportsoul 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 Sportsoul's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sportsoul 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 Sportsoul Co Ltd. 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 Tax Provision is expected to grow to about (17.8 M). In addition to that, Selling General Administrative is expected to decline to about 43.8 M
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 6.8M | 4.5M | 57.3K | 54.4K | Interest Income | 1.3M | 1.8M | 5.2M | 2.7M |
Sportsoul fundamental ratios Correlations
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Sportsoul Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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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.Other Information on Investing in Sportsoul Stock
Balance Sheet is a snapshot of the financial position of Sportsoul at a specified time, usually calculated after every quarter, six months, or one year. Sportsoul Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Sportsoul 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 Sportsoul currently owns. An asset can also be divided into two categories, current and non-current.