EverGen Capital Lease Obligations vs Total Current Liabilities Analysis
| EVGN Stock | 1.70 0.01 0.59% |
EverGen Infrastructure financial indicator trend analysis is much more than just examining EverGen Infrastructure latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether EverGen Infrastructure is a good investment. Please check the relationship between EverGen Infrastructure Capital Lease Obligations and its Total Current Liabilities accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in EverGen Infrastructure Corp. 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.
Capital Lease Obligations vs Total Current Liabilities
Capital Lease Obligations vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of EverGen Infrastructure Capital Lease Obligations account and Total Current Liabilities. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between EverGen Infrastructure's Capital Lease Obligations and Total Current Liabilities is -0.44. Overlapping area represents the amount of variation of Capital Lease Obligations that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of EverGen Infrastructure Corp, assuming nothing else is changed. The correlation between historical values of EverGen Infrastructure's Capital Lease Obligations and Total Current Liabilities 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 EverGen Infrastructure Corp are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Capital Lease Obligations i.e., EverGen Infrastructure's Capital Lease Obligations and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | -0.44 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Capital Lease Obligations
EverGen Infrastructure capital lease obligations are the amount due for long-term lease agreements that are nearly equivalent to EverGen Infrastructure asset purchases. For example, EverGen Infrastructure can use a capital lease to finance the purchase of an asset without ever buying it. A capital lease gives companies such as EverGen Infrastructure 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.Total Current Liabilities
Total Current Liabilities is an item on EverGen Infrastructure balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of EverGen Infrastructure Corp are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Most indicators from EverGen Infrastructure's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into EverGen Infrastructure 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 EverGen Infrastructure Corp. 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. Enterprise Value is likely to climb to about 51.1 M in 2024, despite the fact that Tax Provision is likely to grow to (1.6 M).
| 2010 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 13.1M | 14.6M | 15.0M | 15.7M | Cost Of Revenue | 2.8M | 3.5M | 9.9M | 6.0M |
EverGen Infrastructure fundamental ratios Correlations
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EverGen Infrastructure Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Additional Tools for EverGen Stock Analysis
When running EverGen Infrastructure's price analysis, check to measure EverGen Infrastructure'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 EverGen Infrastructure is operating at the current time. Most of EverGen Infrastructure's value examination focuses on studying past and present price action to predict the probability of EverGen Infrastructure's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EverGen Infrastructure's price. Additionally, you may evaluate how the addition of EverGen Infrastructure to your portfolios can decrease your overall portfolio volatility.