Jiangxi Capital Lease Obligations vs Other Current Liab Analysis
688057 Stock | 11.59 0.25 2.11% |
Jiangxi JDL financial indicator trend analysis is infinitely more than just investigating Jiangxi JDL Environmental recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Jiangxi JDL Environmental is a good investment. Please check the relationship between Jiangxi JDL Capital Lease Obligations and its Other Current Liab accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Jiangxi JDL Environmental. 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 Other Current Liab
Capital Lease Obligations vs Other Current Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Jiangxi JDL Environmental Capital Lease Obligations account and Other Current Liab. At this time, the significance of the direction appears to have pay attention.
The correlation between Jiangxi JDL's Capital Lease Obligations and Other Current Liab is -0.76. Overlapping area represents the amount of variation of Capital Lease Obligations that can explain the historical movement of Other Current Liab in the same time period over historical financial statements of Jiangxi JDL Environmental, assuming nothing else is changed. The correlation between historical values of Jiangxi JDL's Capital Lease Obligations and Other Current Liab 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 Jiangxi JDL Environmental are associated (or correlated) with its Other Current Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Liab has no effect on the direction of Capital Lease Obligations i.e., Jiangxi JDL's Capital Lease Obligations and Other Current Liab go up and down completely randomly.
Correlation Coefficient | -0.76 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Capital Lease Obligations
Jiangxi JDL Environmental capital lease obligations are the amount due for long-term lease agreements that are nearly equivalent to Jiangxi JDL asset purchases. For example, Jiangxi JDL can use a capital lease to finance the purchase of an asset without ever buying it. A capital lease gives companies such as Jiangxi JDL 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.Other Current Liab
Most indicators from Jiangxi JDL's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Jiangxi JDL Environmental 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 Jiangxi JDL Environmental. 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 Selling General Administrative is expected to grow to about 82.8 M, whereas Tax Provision is forecasted to decline to about 10.4 M.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 2.2M | 1.8M | 2.5M | 2.8M | Interest Income | 40.5M | 31.1M | 41.5M | 26.8M |
Jiangxi JDL fundamental ratios Correlations
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Jiangxi JDL Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Other Information on Investing in Jiangxi Stock
Balance Sheet is a snapshot of the financial position of Jiangxi JDL Environmental at a specified time, usually calculated after every quarter, six months, or one year. Jiangxi JDL Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Jiangxi JDL 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 Jiangxi currently owns. An asset can also be divided into two categories, current and non-current.