VeriSilicon Capital Lease Obligations vs Other Current Assets Analysis
688521 Stock | 50.30 1.46 2.99% |
VeriSilicon Microelectronics financial indicator trend analysis is much more than just breaking down VeriSilicon Microelectronics prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether VeriSilicon Microelectronics is a good investment. Please check the relationship between VeriSilicon Microelectronics Capital Lease Obligations and its Other Current Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in VeriSilicon Microelectronics Shanghai. 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 Assets
Capital Lease Obligations vs Other Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of VeriSilicon Microelectronics Capital Lease Obligations account and Other Current Assets. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between VeriSilicon Microelectronics' Capital Lease Obligations and Other Current Assets is 0.45. Overlapping area represents the amount of variation of Capital Lease Obligations that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of VeriSilicon Microelectronics Shanghai, assuming nothing else is changed. The correlation between historical values of VeriSilicon Microelectronics' Capital Lease Obligations and Other Current Assets 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 VeriSilicon Microelectronics Shanghai are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Capital Lease Obligations i.e., VeriSilicon Microelectronics' Capital Lease Obligations and Other Current Assets go up and down completely randomly.
Correlation Coefficient | 0.45 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Capital Lease Obligations
VeriSilicon Microelectronics capital lease obligations are the amount due for long-term lease agreements that are nearly equivalent to VeriSilicon Microelectronics asset purchases. For example, VeriSilicon Microelectronics can use a capital lease to finance the purchase of an asset without ever buying it. A capital lease gives companies such as VeriSilicon Microelectronics 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 Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.Most indicators from VeriSilicon Microelectronics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into VeriSilicon Microelectronics 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 VeriSilicon Microelectronics Shanghai. 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 157.8 M, whereas Tax Provision is forecasted to decline to about 20.4 M.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 3.5M | 11.4M | 23.2M | 24.3M | Interest Income | 12.8M | 12.9M | 11.9M | 8.9M |
VeriSilicon Microelectronics fundamental ratios Correlations
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VeriSilicon Microelectronics Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Other Information on Investing in VeriSilicon Stock
Balance Sheet is a snapshot of the financial position of VeriSilicon Microelectronics at a specified time, usually calculated after every quarter, six months, or one year. VeriSilicon Microelectronics Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of VeriSilicon Microelectronics 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 VeriSilicon currently owns. An asset can also be divided into two categories, current and non-current.