Smarttech247 Capital Lease Obligations vs Cash Analysis
| S247 Stock | 8.63 0.38 4.61% |
Smarttech247 Group financial indicator trend analysis is much more than just breaking down Smarttech247 Group PLC prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Smarttech247 Group PLC is a good investment. Please check the relationship between Smarttech247 Group Capital Lease Obligations and its Cash accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Smarttech247 Group PLC. 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 Cash
Capital Lease Obligations vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Smarttech247 Group PLC Capital Lease Obligations account and Cash. At this time, the significance of the direction appears to have pay attention.
The correlation between Smarttech247 Group's Capital Lease Obligations and Cash is -0.99. Overlapping area represents the amount of variation of Capital Lease Obligations that can explain the historical movement of Cash in the same time period over historical financial statements of Smarttech247 Group PLC, assuming nothing else is changed. The correlation between historical values of Smarttech247 Group's Capital Lease Obligations and Cash 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 Smarttech247 Group PLC are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Capital Lease Obligations i.e., Smarttech247 Group's Capital Lease Obligations and Cash go up and down completely randomly.
Correlation Coefficient | -0.99 |
| Relationship Direction | Negative |
| Relationship Strength | Significant |
Capital Lease Obligations
Smarttech247 Group PLC capital lease obligations are the amount due for long-term lease agreements that are nearly equivalent to Smarttech247 Group asset purchases. For example, Smarttech247 Group can use a capital lease to finance the purchase of an asset without ever buying it. A capital lease gives companies such as Smarttech247 Group 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.Cash
Cash refers to the most liquid asset of Smarttech247 Group PLC, which is listed under current asset account on Smarttech247 Group PLC balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Smarttech247 Group customers. The amounts must be unrestricted with restricted cash listed in a different Smarttech247 Group account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.Most indicators from Smarttech247 Group's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Smarttech247 Group PLC 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Smarttech247 Group PLC. 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. Tax Provision is likely to drop to about 149.8 K in 2025. Selling General Administrative is likely to drop to about 389.8 K in 2025
| 2010 | 2020 | 2024 | 2025 (projected) | Gross Profit | 3.3M | 4.1M | 4.7M | 4.0M | Total Revenue | 4.8M | 7.2M | 8.3M | 6.6M |
Smarttech247 Group fundamental ratios Correlations
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Smarttech247 Group Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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