Kontour Capital Lease Obligations vs Cash Analysis
| 688314 Stock | 28.62 0.38 1.35% |
Kontour Medical financial indicator trend analysis is infinitely more than just investigating Kontour Medical Tech recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Kontour Medical Tech is a good investment. Please check the relationship between Kontour Medical Capital Lease Obligations and its Cash accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Kontour Medical Technology. 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 Cash
Capital Lease Obligations vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Kontour Medical Tech Capital Lease Obligations account and Cash. At this time, the significance of the direction appears to have pay attention.
The correlation between Kontour Medical's Capital Lease Obligations and Cash is -0.89. Overlapping area represents the amount of variation of Capital Lease Obligations that can explain the historical movement of Cash in the same time period over historical financial statements of Kontour Medical Technology, assuming nothing else is changed. The correlation between historical values of Kontour Medical's Capital Lease Obligations and Cash 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 Kontour Medical Technology are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Capital Lease Obligations i.e., Kontour Medical's Capital Lease Obligations and Cash go up and down completely randomly.
Correlation Coefficient | -0.89 |
| Relationship Direction | Negative |
| Relationship Strength | Significant |
Capital Lease Obligations
Kontour Medical Tech capital lease obligations are the amount due for long-term lease agreements that are nearly equivalent to Kontour Medical asset purchases. For example, Kontour Medical can use a capital lease to finance the purchase of an asset without ever buying it. A capital lease gives companies such as Kontour Medical 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.Cash
Cash refers to the most liquid asset of Kontour Medical Tech, which is listed under current asset account on Kontour Medical Technology balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Kontour Medical customers. The amounts must be unrestricted with restricted cash listed in a different Kontour Medical account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.Most indicators from Kontour Medical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Kontour Medical Tech 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 Kontour Medical Technology. 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. As of November 30, 2024, Tax Provision is expected to decline to about 13.7 M. In addition to that, Selling General Administrative is expected to decline to about 56.4 M
| 2021 | 2022 | 2023 | 2024 (projected) | Net Interest Income | 1.8M | 3.4M | 3.2M | 2.2M | Tax Provision | 14.2M | 14.3M | 17.3M | 13.7M |
Kontour Medical fundamental ratios Correlations
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Kontour Medical Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Other Information on Investing in Kontour Stock
Balance Sheet is a snapshot of the financial position of Kontour Medical Tech at a specified time, usually calculated after every quarter, six months, or one year. Kontour Medical Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Kontour Medical 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 Kontour currently owns. An asset can also be divided into two categories, current and non-current.