Nanjing Property Plant And Equipment Net vs Capital Lease Obligations Analysis

688273 Stock   24.75  1.74  6.57%   
Nanjing Medlander financial indicator trend analysis is infinitely more than just investigating Nanjing Medlander Medical recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nanjing Medlander Medical is a good investment. Please check the relationship between Nanjing Medlander Property Plant And Equipment Net and its Capital Lease Obligations accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Nanjing Medlander Medical. 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.

Property Plant And Equipment Net vs Capital Lease Obligations

Property Plant And Equipment Net vs Capital Lease Obligations Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nanjing Medlander Medical Property Plant And Equipment Net account and Capital Lease Obligations. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Nanjing Medlander's Property Plant And Equipment Net and Capital Lease Obligations is 0.54. Overlapping area represents the amount of variation of Property Plant And Equipment Net that can explain the historical movement of Capital Lease Obligations in the same time period over historical financial statements of Nanjing Medlander Medical, assuming nothing else is changed. The correlation between historical values of Nanjing Medlander's Property Plant And Equipment Net 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 Property Plant And Equipment Net of Nanjing Medlander Medical 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 Property Plant And Equipment Net i.e., Nanjing Medlander's Property Plant And Equipment Net and Capital Lease Obligations go up and down completely randomly.

Correlation Coefficient

0.54
Relationship DirectionPositive 
Relationship StrengthWeak

Property Plant And Equipment Net

The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.

Capital Lease Obligations

Nanjing Medlander Medical capital lease obligations are the amount due for long-term lease agreements that are nearly equivalent to Nanjing Medlander asset purchases. For example, Nanjing Medlander can use a capital lease to finance the purchase of an asset without ever buying it. A capital lease gives companies such as Nanjing Medlander 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 Nanjing Medlander's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nanjing Medlander Medical 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 Nanjing Medlander Medical. 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 Tax Provision is expected to grow to about 10.4 M, whereas Selling General Administrative is forecasted to decline to about 98.9 M.
 2021 2022 2023 2024 (projected)
Interest Expense152.7K300.9K380.9K255.7K
Interest Income780.5K9.3M14.9M15.6M

Nanjing Medlander fundamental ratios Correlations

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Other Information on Investing in Nanjing Stock

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