Xiangyu Non Currrent Assets Other vs Capital Lease Obligations Analysis
688626 Stock | 31.72 0.23 0.73% |
Xiangyu Medical financial indicator trend analysis is more than just analyzing Xiangyu Medical current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Xiangyu Medical is a good investment. Please check the relationship between Xiangyu Medical Non Currrent Assets Other and its Capital Lease Obligations accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Xiangyu Medical Co. 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 Currrent Assets Other vs Capital Lease Obligations
Non Currrent Assets Other vs Capital Lease Obligations Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Xiangyu Medical Non Currrent Assets Other account and Capital Lease Obligations. At this time, the significance of the direction appears to have pay attention.
The correlation between Xiangyu Medical's Non Currrent Assets Other and Capital Lease Obligations is -0.85. Overlapping area represents the amount of variation of Non Currrent Assets Other that can explain the historical movement of Capital Lease Obligations in the same time period over historical financial statements of Xiangyu Medical Co, assuming nothing else is changed. The correlation between historical values of Xiangyu Medical's Non Currrent Assets Other 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 Currrent Assets Other of Xiangyu Medical Co 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 Currrent Assets Other i.e., Xiangyu Medical's Non Currrent Assets Other and Capital Lease Obligations go up and down completely randomly.
Correlation Coefficient | -0.85 |
Relationship Direction | Negative |
Relationship Strength | Significant |
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.Capital Lease Obligations
Xiangyu Medical capital lease obligations are the amount due for long-term lease agreements that are nearly equivalent to Xiangyu Medical asset purchases. For example, Xiangyu Medical can use a capital lease to finance the purchase of an asset without ever buying it. A capital lease gives companies such as Xiangyu 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.Most indicators from Xiangyu Medical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Xiangyu 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 Xiangyu Medical Co. 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. As of November 29, 2024, Tax Provision is expected to decline to about 15 M. In addition to that, Selling General Administrative is expected to decline to about 143 M
2021 | 2022 | 2023 | 2024 (projected) | Net Interest Income | 24.0M | 26.6M | 29.8M | 21.5M | Tax Provision | 23.2M | 9.7M | 15.7M | 15.0M |
Xiangyu Medical fundamental ratios Correlations
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Xiangyu Medical Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Other Information on Investing in Xiangyu Stock
Balance Sheet is a snapshot of the financial position of Xiangyu Medical at a specified time, usually calculated after every quarter, six months, or one year. Xiangyu Medical Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Xiangyu 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 Xiangyu currently owns. An asset can also be divided into two categories, current and non-current.