Abacus Short Term Debt vs Capital Lease Obligations Analysis
| ABLLW Stock | 1.15 0.23 16.67% |
Abacus Life financial indicator trend analysis is way more than just evaluating Abacus Life prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Abacus Life is a good investment. Please check the relationship between Abacus Life Short Term Debt and its Capital Lease Obligations accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Abacus Life. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. For more information on how to buy Abacus Stock please use our How to Invest in Abacus Life guide.
Short Term Debt vs Capital Lease Obligations
Short Term Debt vs Capital Lease Obligations Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Abacus Life Short Term Debt account and Capital Lease Obligations. At this time, the significance of the direction appears to have totally related.
The correlation between Abacus Life's Short Term Debt and Capital Lease Obligations is 0.99. Overlapping area represents the amount of variation of Short Term Debt that can explain the historical movement of Capital Lease Obligations in the same time period over historical financial statements of Abacus Life, assuming nothing else is changed. The correlation between historical values of Abacus Life's Short Term Debt 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 Short Term Debt of Abacus Life 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 Short Term Debt i.e., Abacus Life's Short Term Debt and Capital Lease Obligations go up and down completely randomly.
Correlation Coefficient | 0.99 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Short Term Debt
Capital Lease Obligations
Abacus Life capital lease obligations are the amount due for long-term lease agreements that are nearly equivalent to Abacus Life asset purchases. For example, Abacus Life can use a capital lease to finance the purchase of an asset without ever buying it. A capital lease gives companies such as Abacus Life 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 Abacus Life's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Abacus Life 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 Abacus Life. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. For more information on how to buy Abacus Stock please use our How to Invest in Abacus Life guide.At this time, Abacus Life's Tax Provision is fairly stable compared to the past year. Selling General Administrative is likely to climb to about 27.8 M in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 534.7 K in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Depreciation And Amortization | 1.4M | 11.7M | 3.4M | 4.7M | Interest Income | 11.5K | 1.5K | 594.8K | 624.5K |
Abacus Life fundamental ratios Correlations
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Abacus Life Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Abacus Stock Analysis
When running Abacus Life's price analysis, check to measure Abacus Life's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Abacus Life is operating at the current time. Most of Abacus Life's value examination focuses on studying past and present price action to predict the probability of Abacus Life's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Abacus Life's price. Additionally, you may evaluate how the addition of Abacus Life to your portfolios can decrease your overall portfolio volatility.