Guangdong Capital Lease Obligations vs Non Currrent Assets Other Analysis

688325 Stock   53.40  1.00  1.84%   
Guangdong Cellwise financial indicator trend analysis is much more than just examining Guangdong Cellwise latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Guangdong Cellwise is a good investment. Please check the relationship between Guangdong Cellwise Capital Lease Obligations and its Non Currrent Assets Other accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Guangdong Cellwise Microelectronics. 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 Non Currrent Assets Other

Capital Lease Obligations vs Non Currrent Assets Other Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Guangdong Cellwise Capital Lease Obligations account and Non Currrent Assets Other. At this time, the significance of the direction appears to have pay attention.
The correlation between Guangdong Cellwise's Capital Lease Obligations and Non Currrent Assets Other is -0.78. Overlapping area represents the amount of variation of Capital Lease Obligations that can explain the historical movement of Non Currrent Assets Other in the same time period over historical financial statements of Guangdong Cellwise Microelectronics, assuming nothing else is changed. The correlation between historical values of Guangdong Cellwise's Capital Lease Obligations and Non Currrent Assets Other 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 Guangdong Cellwise Microelectronics are associated (or correlated) with its Non Currrent Assets Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Currrent Assets Other has no effect on the direction of Capital Lease Obligations i.e., Guangdong Cellwise's Capital Lease Obligations and Non Currrent Assets Other go up and down completely randomly.

Correlation Coefficient

-0.78
Relationship DirectionNegative 
Relationship StrengthWeak

Capital Lease Obligations

Guangdong Cellwise capital lease obligations are the amount due for long-term lease agreements that are nearly equivalent to Guangdong Cellwise asset purchases. For example, Guangdong Cellwise can use a capital lease to finance the purchase of an asset without ever buying it. A capital lease gives companies such as Guangdong Cellwise 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 Currrent Assets Other

Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.
Most indicators from Guangdong Cellwise's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Guangdong Cellwise 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 Guangdong Cellwise Microelectronics. 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 30.4 M, whereas Tax Provision is projected to grow to (4.5 M).
 2021 2022 2023 2024 (projected)
Interest Expense1.1M202.7K1.4M771.3K
Interest Income1.5M20.3M16.8M8.6M

Guangdong Cellwise fundamental ratios Correlations

0.520.81.00.940.520.820.830.830.930.880.920.860.781.00.910.860.850.850.91-0.950.92-0.8
0.520.890.50.760.870.450.430.420.590.850.670.420.90.510.710.450.750.430.59-0.310.59-0.42
0.80.890.790.940.890.670.660.650.890.950.920.681.00.790.950.70.960.680.84-0.670.84-0.65
1.00.50.790.930.50.820.830.830.930.870.920.860.761.00.910.860.840.850.91-0.950.92-0.8
0.940.760.940.930.770.740.820.820.940.960.940.760.930.940.950.780.940.760.91-0.820.91-0.79
0.520.870.890.50.770.270.590.590.690.750.670.270.90.50.730.310.790.270.66-0.360.64-0.6
0.820.450.670.820.740.270.370.360.760.760.860.990.660.820.80.990.771.00.63-0.780.66-0.31
0.830.430.660.830.820.590.371.00.790.710.670.440.640.830.710.440.640.430.88-0.780.87-0.99
0.830.420.650.830.820.590.361.00.780.710.670.430.630.830.710.440.640.420.88-0.780.86-0.99
0.930.590.890.930.940.690.760.790.780.880.970.80.870.930.980.810.940.80.95-0.920.95-0.78
0.880.850.950.870.960.750.760.710.710.880.920.770.940.870.940.780.90.770.88-0.750.89-0.69
0.920.670.920.920.940.670.860.670.670.970.920.880.910.920.990.90.970.880.89-0.870.9-0.65
0.860.420.680.860.760.270.990.440.430.80.770.880.660.860.831.00.781.00.7-0.840.73-0.39
0.780.91.00.760.930.90.660.640.630.870.940.910.660.770.930.690.960.670.81-0.640.81-0.62
1.00.510.791.00.940.50.820.830.830.930.870.920.860.770.910.860.840.850.91-0.950.92-0.8
0.910.710.950.910.950.730.80.710.710.980.940.990.830.930.910.850.970.830.92-0.860.94-0.7
0.860.450.70.860.780.310.990.440.440.810.780.91.00.690.860.850.81.00.7-0.840.73-0.39
0.850.750.960.840.940.790.770.640.640.940.90.970.780.960.840.970.80.780.83-0.760.84-0.62
0.850.430.680.850.760.271.00.430.420.80.770.881.00.670.850.831.00.780.68-0.830.72-0.38
0.910.590.840.910.910.660.630.880.880.950.880.890.70.810.910.920.70.830.68-0.911.0-0.89
-0.95-0.31-0.67-0.95-0.82-0.36-0.78-0.78-0.78-0.92-0.75-0.87-0.84-0.64-0.95-0.86-0.84-0.76-0.83-0.91-0.920.77
0.920.590.840.920.910.640.660.870.860.950.890.90.730.810.920.940.730.840.721.0-0.92-0.87
-0.8-0.42-0.65-0.8-0.79-0.6-0.31-0.99-0.99-0.78-0.69-0.65-0.39-0.62-0.8-0.7-0.39-0.62-0.38-0.890.77-0.87
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Guangdong Cellwise Account Relationship Matchups

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Other Information on Investing in Guangdong Stock

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