Hengerda Capital Lease Obligations vs Non Current Assets Total Analysis

300946 Stock   29.93  0.27  0.89%   
Hengerda New financial indicator trend analysis is much more than just examining Hengerda New Materials latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hengerda New Materials is a good investment. Please check the relationship between Hengerda New Capital Lease Obligations and its Non Current Assets Total accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Hengerda New Materials. 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.

Capital Lease Obligations vs Non Current Assets Total

Capital Lease Obligations vs Non Current Assets Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hengerda New Materials Capital Lease Obligations account and Non Current Assets Total. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Hengerda New's Capital Lease Obligations and Non Current Assets Total is -0.6. Overlapping area represents the amount of variation of Capital Lease Obligations that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of Hengerda New Materials, assuming nothing else is changed. The correlation between historical values of Hengerda New's Capital Lease Obligations and Non Current Assets Total 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 Hengerda New Materials are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Capital Lease Obligations i.e., Hengerda New's Capital Lease Obligations and Non Current Assets Total go up and down completely randomly.

Correlation Coefficient

-0.6
Relationship DirectionNegative 
Relationship StrengthWeak

Capital Lease Obligations

Hengerda New Materials capital lease obligations are the amount due for long-term lease agreements that are nearly equivalent to Hengerda New asset purchases. For example, Hengerda New can use a capital lease to finance the purchase of an asset without ever buying it. A capital lease gives companies such as Hengerda New 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.

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.
Most indicators from Hengerda New's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hengerda New Materials 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 Hengerda New Materials. 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.
As of December 11, 2024, Tax Provision is expected to decline to about 8.6 M. In addition to that, Selling General Administrative is expected to decline to about 17 M
 2021 2022 2023 2024 (projected)
Interest Expense80.6K330.4K499.4K474.4K
Interest Income2.0M747.9K507.3K859.0K

Hengerda New fundamental ratios Correlations

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0.9-0.170.940.860.90.940.930.990.610.920.920.870.98-0.070.950.890.050.720.980.60.68-0.661.0-0.940.88
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Hengerda New Account Relationship Matchups

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Other Information on Investing in Hengerda Stock

Balance Sheet is a snapshot of the financial position of Hengerda New Materials at a specified time, usually calculated after every quarter, six months, or one year. Hengerda New Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Hengerda New 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 Hengerda currently owns. An asset can also be divided into two categories, current and non-current.