| NUMI Stock | | | 0.04 0.01 10.00% |
Numinus Wellness financial indicator trend analysis is infinitely more than just investigating Numinus Wellness recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Numinus Wellness is a good investment. Please check the relationship between Numinus Wellness Capital Lease Obligations and its Net Debt accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Numinus Wellness. 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 Net Debt
Capital Lease Obligations vs Net Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Numinus Wellness Capital Lease Obligations account and
Net Debt. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Numinus Wellness' Capital Lease Obligations and Net Debt is -0.11. Overlapping area represents the amount of variation of Capital Lease Obligations that can explain the historical movement of Net Debt in the same time period over historical financial statements of Numinus Wellness, assuming nothing else is changed. The correlation between historical values of Numinus Wellness' Capital Lease Obligations and Net Debt 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 Numinus Wellness are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Capital Lease Obligations i.e., Numinus Wellness' Capital Lease Obligations and Net Debt go up and down completely randomly.
Correlation Coefficient | -0.11 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Capital Lease Obligations
Numinus Wellness capital lease obligations are the amount due for long-term lease agreements that are nearly equivalent to Numinus Wellness asset purchases. For example, Numinus Wellness can use a capital lease to finance the purchase of an asset without ever buying it. A capital lease gives companies such as Numinus Wellness 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.
Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.
Most indicators from Numinus Wellness' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Numinus Wellness 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
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Numinus Wellness. 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.
At this time, Numinus Wellness'
Selling General Administrative is very stable compared to the past year. As of the 24th of January 2025,
Enterprise Value is likely to grow to about 47.3
M, while
Sales General And Administrative To Revenue is likely to drop 1.44.
Numinus Wellness fundamental ratios Correlations
Click cells to compare fundamentals
Numinus Wellness Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Numinus Wellness fundamental ratios Accounts
Other Information on Investing in Numinus Stock
Balance Sheet is a snapshot of the
financial position of Numinus Wellness at a specified time, usually calculated after every quarter, six months, or one year. Numinus Wellness Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Numinus Wellness and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Numinus currently owns. An asset can also be divided into two categories, current and non-current.