NexteGO Other Current Assets vs Capital Lease Obligations Analysis
| EGOX Stock | 0.0001 0.00 0.00% |
NexteGO NV financial indicator trend analysis is infinitely more than just investigating NexteGO NV Ordinary recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NexteGO NV Ordinary is a good investment. Please check the relationship between NexteGO NV Other Current Assets and its Capital Lease Obligations accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in NexteGO NV Ordinary. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.
Other Current Assets vs Capital Lease Obligations
Other Current Assets vs Capital Lease Obligations Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NexteGO NV Ordinary Other Current Assets account and Capital Lease Obligations. At this time, the significance of the direction appears to have very strong relationship.
The correlation between NexteGO NV's Other Current Assets and Capital Lease Obligations is 0.85. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Capital Lease Obligations in the same time period over historical financial statements of NexteGO NV Ordinary, assuming nothing else is changed. The correlation between historical values of NexteGO NV's Other Current Assets 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 Other Current Assets of NexteGO NV Ordinary 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 Other Current Assets i.e., NexteGO NV's Other Current Assets and Capital Lease Obligations go up and down completely randomly.
Correlation Coefficient | 0.85 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
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.Capital Lease Obligations
NexteGO NV Ordinary capital lease obligations are the amount due for long-term lease agreements that are nearly equivalent to NexteGO NV asset purchases. For example, NexteGO NV can use a capital lease to finance the purchase of an asset without ever buying it. A capital lease gives companies such as NexteGO NV 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 NexteGO NV's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into NexteGO NV Ordinary 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in NexteGO NV Ordinary. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons. Tax Provision is likely to drop to about (22 M) in 2024. Selling General Administrative is likely to drop to about 11.2 M in 2024
| 2010 | 2022 | 2023 | 2024 (projected) | Interest Expense | 1.4M | 11.0M | 12.6M | 6.8M | Depreciation And Amortization | 24.0M | 24.5M | 28.1M | 26.7M |
NexteGO NV fundamental ratios Correlations
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NexteGO NV Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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