Andean Retained Earnings vs Capital Lease Obligations Analysis
| ASL Stock | 1.00 0.02 1.96% |
Andean Silver financial indicator trend analysis is way more than just evaluating Andean Silver Limited prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Andean Silver Limited is a good investment. Please check the relationship between Andean Silver Retained Earnings and its Capital Lease Obligations accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Andean Silver Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Retained Earnings vs Capital Lease Obligations
Retained Earnings vs Capital Lease Obligations Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Andean Silver Limited Retained Earnings account and Capital Lease Obligations. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Andean Silver's Retained Earnings and Capital Lease Obligations is 0.98. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Capital Lease Obligations in the same time period over historical financial statements of Andean Silver Limited, assuming nothing else is changed. The correlation between historical values of Andean Silver's Retained Earnings 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 Retained Earnings of Andean Silver Limited 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 Retained Earnings i.e., Andean Silver's Retained Earnings and Capital Lease Obligations go up and down completely randomly.
Correlation Coefficient | 0.98 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.Capital Lease Obligations
Andean Silver Limited capital lease obligations are the amount due for long-term lease agreements that are nearly equivalent to Andean Silver asset purchases. For example, Andean Silver can use a capital lease to finance the purchase of an asset without ever buying it. A capital lease gives companies such as Andean Silver 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 Andean Silver's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Andean Silver Limited 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 Andean Silver Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. Selling General Administrative is likely to drop to about 795.1 K in 2024. Issuance Of Capital Stock is likely to drop to about 1 M in 2024
Andean Silver fundamental ratios Correlations
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Andean Silver Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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