Galaxy Short Long Term Debt vs Capital Lease Obligations Analysis
| GLXG Stock | 1.18 0.01 0.85% |
Galaxy Payroll financial indicator trend analysis is much more than just examining Galaxy Payroll Group latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Galaxy Payroll Group is a good investment. Please check the relationship between Galaxy Payroll Short Long Term Debt and its Capital Lease Obligations accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Galaxy Payroll Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.
Short Long Term Debt vs Capital Lease Obligations
Short Long 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 Galaxy Payroll Group Short Long Term Debt account and Capital Lease Obligations. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Galaxy Payroll's Short Long Term Debt and Capital Lease Obligations is 0.84. Overlapping area represents the amount of variation of Short Long Term Debt that can explain the historical movement of Capital Lease Obligations in the same time period over historical financial statements of Galaxy Payroll Group, assuming nothing else is changed. The correlation between historical values of Galaxy Payroll's Short Long 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 Long Term Debt of Galaxy Payroll Group 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 Long Term Debt i.e., Galaxy Payroll's Short Long Term Debt and Capital Lease Obligations go up and down completely randomly.
Correlation Coefficient | 0.84 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Short Long Term Debt
The total of a company's short-term and long-term borrowings.Capital Lease Obligations
Galaxy Payroll Group capital lease obligations are the amount due for long-term lease agreements that are nearly equivalent to Galaxy Payroll asset purchases. For example, Galaxy Payroll can use a capital lease to finance the purchase of an asset without ever buying it. A capital lease gives companies such as Galaxy Payroll 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 Galaxy Payroll's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Galaxy Payroll Group 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Galaxy Payroll Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest. The Galaxy Payroll's current Tax Provision is estimated to increase to about 2.4 M. The Galaxy Payroll's current Selling General Administrative is estimated to increase to about 7.2 M
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 238.7K | 123.3K | 110.9K | 158.8K | Interest Income | 5.1K | 186.4K | 214.3K | 225.1K |
Galaxy Payroll fundamental ratios Correlations
Click cells to compare fundamentals
Galaxy Payroll Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Currently Active Assets on Macroaxis
When determining whether Galaxy Payroll Group is a strong investment it is important to analyze Galaxy Payroll's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Galaxy Payroll's future performance. For an informed investment choice regarding Galaxy Stock, refer to the following important reports:Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Galaxy Payroll Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Is Business Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Galaxy Payroll. If investors know Galaxy will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Galaxy Payroll listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Galaxy Payroll Group is measured differently than its book value, which is the value of Galaxy that is recorded on the company's balance sheet. Investors also form their own opinion of Galaxy Payroll's value that differs from its market value or its book value, called intrinsic value, which is Galaxy Payroll's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Galaxy Payroll's market value can be influenced by many factors that don't directly affect Galaxy Payroll's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Galaxy Payroll's value and its price as these two are different measures arrived at by different means. Investors typically determine if Galaxy Payroll is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Galaxy Payroll's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.