Jiangsu Capital Lease Obligations vs Non Current Assets Total Analysis

301116 Stock   13.69  0.30  2.24%   
Jiangsu Yike financial indicator trend analysis is infinitely more than just investigating Jiangsu Yike Food recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Jiangsu Yike Food is a good investment. Please check the relationship between Jiangsu Yike 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 Jiangsu Yike Food. 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 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 Jiangsu Yike Food Capital Lease Obligations account and Non Current Assets Total. At this time, the significance of the direction appears to have strong relationship.
The correlation between Jiangsu Yike's Capital Lease Obligations and Non Current Assets Total is 0.78. 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 Jiangsu Yike Food, assuming nothing else is changed. The correlation between historical values of Jiangsu Yike'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 Jiangsu Yike Food 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., Jiangsu Yike's Capital Lease Obligations and Non Current Assets Total go up and down completely randomly.

Correlation Coefficient

0.78
Relationship DirectionPositive 
Relationship StrengthSignificant

Capital Lease Obligations

Jiangsu Yike Food capital lease obligations are the amount due for long-term lease agreements that are nearly equivalent to Jiangsu Yike asset purchases. For example, Jiangsu Yike can use a capital lease to finance the purchase of an asset without ever buying it. A capital lease gives companies such as Jiangsu Yike 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 Jiangsu Yike's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Jiangsu Yike Food 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 Jiangsu Yike Food. 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 Selling General Administrative is expected to grow to about 270.1 M, whereas Tax Provision is projected to grow to (345.1 K).
 2021 2022 2023 2024 (projected)
Interest Expense51.4M72.8M71.4M65.7M
Interest Income1.4M4.2M2.8M5.3M

Jiangsu Yike fundamental ratios Correlations

-0.911.00.960.630.9-0.540.96-0.240.910.80.970.90.991.01.00.980.930.8-0.350.970.920.970.97-0.960.75
-0.91-0.88-0.79-0.69-0.770.69-0.97-0.08-0.79-0.58-0.97-0.67-0.87-0.93-0.89-0.92-0.72-0.580.62-0.97-0.76-0.83-0.840.84-0.62
1.0-0.880.960.60.9-0.50.95-0.290.910.820.960.911.00.991.00.980.950.82-0.320.960.930.980.97-0.970.76
0.96-0.790.960.620.95-0.510.86-0.270.910.810.860.970.960.930.950.890.980.81-0.110.880.890.930.92-0.890.66
0.63-0.690.60.620.79-0.790.6-0.040.80.110.630.540.620.620.610.550.590.11-0.160.690.470.610.66-0.610.21
0.9-0.770.90.950.79-0.70.79-0.240.970.60.810.940.920.870.890.810.950.60.010.840.750.880.89-0.840.45
-0.540.69-0.5-0.51-0.79-0.7-0.53-0.34-0.660.0-0.57-0.48-0.53-0.54-0.5-0.46-0.480.00.12-0.59-0.19-0.42-0.460.40.1
0.96-0.970.950.860.60.79-0.53-0.090.810.751.00.760.940.980.960.980.810.75-0.580.990.890.910.91-0.920.78
-0.24-0.08-0.29-0.27-0.04-0.24-0.34-0.09-0.38-0.34-0.13-0.37-0.32-0.22-0.29-0.26-0.42-0.34-0.31-0.11-0.42-0.45-0.450.47-0.41
0.91-0.790.910.910.80.97-0.660.81-0.380.580.850.910.940.890.910.850.940.58-0.060.860.780.930.95-0.910.52
0.8-0.580.820.810.110.60.00.75-0.340.580.720.790.80.780.820.80.791.0-0.250.710.90.80.75-0.770.87
0.97-0.970.960.860.630.81-0.571.0-0.130.850.720.770.950.990.970.990.820.72-0.540.990.870.930.93-0.930.74
0.9-0.670.910.970.540.94-0.480.76-0.370.910.790.770.930.860.90.820.990.790.080.780.820.890.88-0.850.57
0.99-0.871.00.960.620.92-0.530.94-0.320.940.80.950.930.991.00.970.960.8-0.270.950.920.980.98-0.970.73
1.0-0.930.990.930.620.87-0.540.98-0.220.890.780.990.860.990.990.990.90.78-0.420.980.920.970.96-0.960.76
1.0-0.891.00.950.610.89-0.50.96-0.290.910.820.970.91.00.990.980.940.82-0.340.970.930.980.98-0.970.77
0.98-0.920.980.890.550.81-0.460.98-0.260.850.80.990.820.970.990.980.870.8-0.480.970.930.970.96-0.970.81
0.93-0.720.950.980.590.95-0.480.81-0.420.940.790.820.990.960.90.940.870.790.010.830.860.940.94-0.910.62
0.8-0.580.820.810.110.60.00.75-0.340.581.00.720.790.80.780.820.80.79-0.250.710.90.80.75-0.770.87
-0.350.62-0.32-0.11-0.160.010.12-0.58-0.31-0.06-0.25-0.540.08-0.27-0.42-0.34-0.480.01-0.25-0.53-0.38-0.28-0.270.34-0.55
0.97-0.970.960.880.690.84-0.590.99-0.110.860.710.990.780.950.980.970.970.830.71-0.530.880.930.93-0.930.74
0.92-0.760.930.890.470.75-0.190.89-0.420.780.90.870.820.920.920.930.930.860.9-0.380.880.950.93-0.940.93
0.97-0.830.980.930.610.88-0.420.91-0.450.930.80.930.890.980.970.980.970.940.8-0.280.930.951.0-1.00.79
0.97-0.840.970.920.660.89-0.460.91-0.450.950.750.930.880.980.960.980.960.940.75-0.270.930.931.0-1.00.76
-0.960.84-0.97-0.89-0.61-0.840.4-0.920.47-0.91-0.77-0.93-0.85-0.97-0.96-0.97-0.97-0.91-0.770.34-0.93-0.94-1.0-1.0-0.81
0.75-0.620.760.660.210.450.10.78-0.410.520.870.740.570.730.760.770.810.620.87-0.550.740.930.790.76-0.81
Click cells to compare fundamentals

Jiangsu Yike Account Relationship Matchups

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.

Other Information on Investing in Jiangsu Stock

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