| SAY Stock | | | CAD 0.02 0.00 0.00% |
Sparta Capital financial indicator trend analysis is much more than just breaking down Sparta Capital prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sparta Capital is a good investment. Please check the relationship between Sparta Capital 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 Sparta Capital. 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
Sparta Capital Capital Lease Obligations account and
Cash. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Sparta Capital's Capital Lease Obligations and Cash is -0.31. 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 Sparta Capital, assuming nothing else is changed. The correlation between historical values of Sparta Capital'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 Sparta Capital 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., Sparta Capital's Capital Lease Obligations and Cash go up and down completely randomly.
Correlation Coefficient | -0.31 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Capital Lease Obligations
Sparta Capital capital lease obligations are the amount due for long-term lease agreements that are nearly equivalent to Sparta Capital asset purchases. For example, Sparta Capital can use a capital lease to finance the purchase of an asset without ever buying it. A capital lease gives companies such as Sparta Capital 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 Sparta Capital, which is listed under current asset account on Sparta Capital balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Sparta Capital customers. The amounts must be unrestricted with restricted cash listed in a different Sparta Capital 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 Sparta Capital's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sparta Capital 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 Sparta Capital. 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, Sparta Capital's
Tax Provision is fairly stable compared to the past year.
Selling General Administrative is likely to climb to about 4.4
M in 2024, whereas
Sales General And Administrative To Revenue is likely to drop 0.49 in 2024.
Sparta Capital fundamental ratios Correlations
Click cells to compare fundamentals
Sparta Capital Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Sparta Capital fundamental ratios Accounts
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Additional Tools for Sparta Stock Analysis
When running Sparta Capital's price analysis, check to
measure Sparta Capital'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 Sparta Capital is operating at the current time. Most of Sparta Capital's value examination focuses on studying past and present price action to
predict the probability of Sparta Capital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sparta Capital's price. Additionally, you may evaluate how the addition of Sparta Capital to your portfolios can decrease your overall portfolio volatility.