Shaanxi Accounts Payable vs Capital Lease Obligations Analysis
| 601568 Stock | 4.52 0.11 2.49% |
Shaanxi Beiyuan financial indicator trend analysis is much more than just breaking down Shaanxi Beiyuan Chemical prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shaanxi Beiyuan Chemical is a good investment. Please check the relationship between Shaanxi Beiyuan Accounts Payable and its Capital Lease Obligations accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Shaanxi Beiyuan Chemical. 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.
Accounts Payable vs Capital Lease Obligations
Accounts Payable vs Capital Lease Obligations Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shaanxi Beiyuan Chemical Accounts Payable account and Capital Lease Obligations. At this time, the significance of the direction appears to have strong relationship.
The correlation between Shaanxi Beiyuan's Accounts Payable and Capital Lease Obligations is 0.62. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Capital Lease Obligations in the same time period over historical financial statements of Shaanxi Beiyuan Chemical, assuming nothing else is changed. The correlation between historical values of Shaanxi Beiyuan's Accounts Payable 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 Accounts Payable of Shaanxi Beiyuan Chemical 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 Accounts Payable i.e., Shaanxi Beiyuan's Accounts Payable and Capital Lease Obligations go up and down completely randomly.
Correlation Coefficient | 0.62 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Accounts Payable
An accounting item on the balance sheet that represents Shaanxi Beiyuan obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Shaanxi Beiyuan Chemical are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.Capital Lease Obligations
Shaanxi Beiyuan Chemical capital lease obligations are the amount due for long-term lease agreements that are nearly equivalent to Shaanxi Beiyuan asset purchases. For example, Shaanxi Beiyuan can use a capital lease to finance the purchase of an asset without ever buying it. A capital lease gives companies such as Shaanxi Beiyuan 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 Shaanxi Beiyuan's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shaanxi Beiyuan Chemical 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 Shaanxi Beiyuan Chemical. 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 3, 2024, Tax Provision is expected to decline to about 49.9 M. In addition to that, Selling General Administrative is expected to decline to about 311.8 M
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 533.6K | 116.5K | 922.2K | 876.1K | Interest Income | 170.7M | 222.3M | 183.1M | 135.3M |
Shaanxi Beiyuan fundamental ratios Correlations
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Shaanxi Beiyuan Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Other Information on Investing in Shaanxi Stock
Balance Sheet is a snapshot of the financial position of Shaanxi Beiyuan Chemical at a specified time, usually calculated after every quarter, six months, or one year. Shaanxi Beiyuan Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Shaanxi Beiyuan 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 Shaanxi currently owns. An asset can also be divided into two categories, current and non-current.