Sinocelltech Non Current Assets Total vs Capital Lease Obligations Analysis

688520 Stock   39.05  0.64  1.67%   
Sinocelltech financial indicator trend analysis is much more than just breaking down Sinocelltech Group prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sinocelltech Group is a good investment. Please check the relationship between Sinocelltech Non Current Assets Total and its Capital Lease Obligations accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Sinocelltech Group. 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.

Non Current Assets Total vs Capital Lease Obligations

Non Current Assets Total vs Capital Lease Obligations Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sinocelltech Group Non Current Assets Total account and Capital Lease Obligations. At this time, the significance of the direction appears to have strong relationship.
The correlation between Sinocelltech's Non Current Assets Total and Capital Lease Obligations is 0.75. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Capital Lease Obligations in the same time period over historical financial statements of Sinocelltech Group, assuming nothing else is changed. The correlation between historical values of Sinocelltech's Non Current Assets Total 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 Non Current Assets Total of Sinocelltech Group 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 Non Current Assets Total i.e., Sinocelltech's Non Current Assets Total and Capital Lease Obligations go up and down completely randomly.

Correlation Coefficient

0.75
Relationship DirectionPositive 
Relationship StrengthSignificant

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.

Capital Lease Obligations

Sinocelltech Group capital lease obligations are the amount due for long-term lease agreements that are nearly equivalent to Sinocelltech asset purchases. For example, Sinocelltech can use a capital lease to finance the purchase of an asset without ever buying it. A capital lease gives companies such as Sinocelltech 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 Sinocelltech's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sinocelltech Group 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 Sinocelltech Group. 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 487.3 M
 2021 2022 2023 2024 (projected)
Interest Expense33.7M84.5M111.5M56.9M
Interest Income4.7M3.6M7.0M4.2M

Sinocelltech fundamental ratios Correlations

-0.550.95-0.570.79-0.920.770.670.930.30.910.930.950.940.580.970.970.870.960.930.9-0.470.850.880.610.88
-0.55-0.590.72-0.910.74-0.30.02-0.630.46-0.6-0.71-0.49-0.54-0.21-0.57-0.6-0.87-0.45-0.71-0.40.86-0.87-0.7-0.95-0.7
0.95-0.59-0.730.84-0.910.580.441.00.130.970.940.920.970.520.990.960.910.840.940.85-0.650.890.970.710.98
-0.570.72-0.73-0.740.74-0.290.16-0.750.15-0.77-0.65-0.69-0.77-0.56-0.73-0.56-0.81-0.39-0.65-0.40.91-0.82-0.8-0.75-0.8
0.79-0.910.84-0.74-0.90.420.220.85-0.280.850.930.690.750.320.80.860.970.670.930.72-0.830.940.880.950.88
-0.920.74-0.910.74-0.9-0.72-0.48-0.9-0.15-0.95-0.95-0.91-0.9-0.67-0.93-0.91-0.95-0.87-0.95-0.870.66-0.91-0.87-0.74-0.88
0.77-0.30.58-0.290.42-0.720.830.530.690.580.570.820.660.780.680.620.560.890.570.68-0.040.540.430.180.44
0.670.020.440.160.22-0.480.830.390.690.40.470.590.450.420.510.590.290.830.470.710.310.260.26-0.050.27
0.93-0.631.0-0.750.85-0.90.530.390.060.960.940.890.970.480.980.950.920.810.940.81-0.70.910.990.750.99
0.30.460.130.15-0.28-0.150.690.690.060.140.00.440.270.670.250.11-0.110.460.00.330.53-0.13-0.08-0.53-0.07
0.91-0.60.97-0.770.85-0.950.580.40.960.140.950.90.940.620.960.930.890.80.950.89-0.670.850.930.690.94
0.93-0.710.94-0.650.93-0.950.570.470.940.00.950.830.870.450.920.980.930.841.00.91-0.660.890.920.790.92
0.95-0.490.92-0.690.69-0.910.820.590.890.440.90.830.970.780.970.860.830.910.830.81-0.470.820.830.510.84
0.94-0.540.97-0.770.75-0.90.660.450.970.270.940.870.970.650.990.890.870.840.870.78-0.610.870.930.620.94
0.58-0.210.52-0.560.32-0.670.780.420.480.670.620.450.780.650.630.430.480.610.450.55-0.210.430.390.10.41
0.97-0.570.99-0.730.8-0.930.680.510.980.250.960.920.970.990.630.940.90.880.920.85-0.60.880.940.650.95
0.97-0.60.96-0.560.86-0.910.620.590.950.110.930.980.860.890.430.940.890.90.980.93-0.550.850.910.70.92
0.87-0.870.91-0.810.97-0.950.560.290.92-0.110.890.930.830.870.480.90.890.760.930.73-0.820.990.930.90.93
0.96-0.450.84-0.390.67-0.870.890.830.810.460.80.840.910.840.610.880.90.760.840.89-0.260.740.720.450.73
0.93-0.710.94-0.650.93-0.950.570.470.940.00.951.00.830.870.450.920.980.930.840.91-0.660.890.920.790.92
0.9-0.40.85-0.40.72-0.870.680.710.810.330.890.910.810.780.550.850.930.730.890.91-0.320.650.730.470.74
-0.470.86-0.650.91-0.830.66-0.040.31-0.70.53-0.67-0.66-0.47-0.61-0.21-0.6-0.55-0.82-0.26-0.66-0.32-0.82-0.79-0.92-0.79
0.85-0.870.89-0.820.94-0.910.540.260.91-0.130.850.890.820.870.430.880.850.990.740.890.65-0.820.930.90.93
0.88-0.70.97-0.80.88-0.870.430.260.99-0.080.930.920.830.930.390.940.910.930.720.920.73-0.790.930.831.0
0.61-0.950.71-0.750.95-0.740.18-0.050.75-0.530.690.790.510.620.10.650.70.90.450.790.47-0.920.90.830.82
0.88-0.70.98-0.80.88-0.880.440.270.99-0.070.940.920.840.940.410.950.920.930.730.920.74-0.790.931.00.82
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Sinocelltech Account Relationship Matchups

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Other Information on Investing in Sinocelltech Stock

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