Shaanxi Capital Lease Obligations vs Intangible Assets Analysis

001299 Stock

12.31 0.10 0.82%

Shaanxi Meineng financial indicator trend analysis is much more than just breaking down Shaanxi Meineng Clean prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shaanxi Meineng Clean is a good investment. Please check the relationship between Shaanxi Meineng Capital Lease Obligations and its Intangible Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Shaanxi Meineng Clean. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Capital Lease Obligations vs Intangible Assets

Capital Lease Obligations vs Intangible Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shaanxi Meineng Clean Capital Lease Obligations account and Intangible Assets. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Shaanxi Meineng's Capital Lease Obligations and Intangible Assets is -0.7. Overlapping area represents the amount of variation of Capital Lease Obligations that can explain the historical movement of Intangible Assets in the same time period over historical financial statements of Shaanxi Meineng Clean, assuming nothing else is changed. The correlation between historical values of Shaanxi Meineng's Capital Lease Obligations and Intangible Assets 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 Shaanxi Meineng Clean are associated (or correlated) with its Intangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Intangible Assets has no effect on the direction of Capital Lease Obligations i.e., Shaanxi Meineng's Capital Lease Obligations and Intangible Assets go up and down completely randomly.

Correlation Coefficient

-0.7

Relationship Direction	Negative
Relationship Strength	Weak

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Capital Lease Obligations

Shaanxi Meineng Clean capital lease obligations are the amount due for long-term lease agreements that are nearly equivalent to Shaanxi Meineng asset purchases. For example, Shaanxi Meineng can use a capital lease to finance the purchase of an asset without ever buying it. A capital lease gives companies such as Shaanxi Meineng 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.

Intangible Assets

Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.

Most indicators from Shaanxi Meineng's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shaanxi Meineng Clean 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Shaanxi Meineng Clean. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

As of December 27, 2024, Tax Provision is expected to decline to about 18.8 M. In addition to that, Selling General Administrative is expected to decline to about 15.8 M

	2021	2022	2023	2024 (projected)
Net Interest Income	5.5M	7.8M	9.0M	5.2M
Tax Provision	16.5M	18.2M	20.9M	18.8M

Net Interest Income Tax Provision

Shaanxi Meineng fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Net Invested Capital	Total Current Assets	Capital Stock	Net Working Capital	Intangible Assets	Capital Lease Obligations	Non Current Liabilities Other
Total Assets		-0.76	0.98	1.0	0.96	0.68	0.9	0.94	0.9	0.98	0.98	0.84	0.98	-0.77	-0.76	0.98	1.0	1.0	0.98	0.91	0.76	-0.96	0.98
Other Current Liab	-0.76		-0.78	-0.76	-0.89	-0.09	-0.74	-0.82	-0.42	-0.7	-0.65	-0.82	-0.74	0.26	0.62	-0.78	-0.76	-0.74	-0.65	-0.79	-0.91	0.69	-0.67
Total Current Liabilities	0.98	-0.78		0.98	0.95	0.66	0.92	0.98	0.87	0.97	0.97	0.83	0.97	-0.75	-0.77	1.0	0.98	0.97	0.97	0.93	0.84	-0.94	0.96
Total Stockholder Equity	1.0	-0.76	0.98		0.96	0.68	0.89	0.93	0.9	0.98	0.98	0.83	0.98	-0.77	-0.76	0.98	1.0	1.0	0.98	0.9	0.75	-0.96	0.98
Retained Earnings	0.96	-0.89	0.95	0.96		0.46	0.87	0.95	0.75	0.94	0.89	0.93	0.96	-0.62	-0.8	0.96	0.96	0.95	0.89	0.89	0.85	-0.89	0.9
Accounts Payable	0.68	-0.09	0.66	0.68	0.46		0.63	0.55	0.93	0.68	0.81	0.25	0.62	-0.88	-0.37	0.66	0.68	0.69	0.81	0.59	0.24	-0.75	0.78
Cash	0.9	-0.74	0.92	0.89	0.87	0.63		0.91	0.81	0.88	0.9	0.75	0.88	-0.79	-0.8	0.92	0.89	0.89	0.9	1.0	0.78	-0.96	0.94
Non Current Assets Total	0.94	-0.82	0.98	0.93	0.95	0.55	0.91		0.78	0.94	0.92	0.88	0.95	-0.69	-0.8	0.98	0.93	0.92	0.92	0.92	0.9	-0.89	0.9
Non Currrent Assets Other	0.9	-0.42	0.87	0.9	0.75	0.93	0.81	0.78		0.9	0.96	0.57	0.86	-0.91	-0.61	0.87	0.9	0.91	0.96	0.79	0.49	-0.92	0.95
Net Receivables	0.98	-0.7	0.97	0.98	0.94	0.68	0.88	0.94	0.9		0.96	0.88	1.0	-0.83	-0.85	0.97	0.98	0.98	0.96	0.89	0.71	-0.94	0.96
Common Stock Shares Outstanding	0.98	-0.65	0.97	0.98	0.89	0.81	0.9	0.92	0.96	0.96		0.74	0.95	-0.84	-0.71	0.97	0.98	0.98	1.0	0.9	0.71	-0.96	0.99
Short Term Investments	0.84	-0.82	0.83	0.83	0.93	0.25	0.75	0.88	0.57	0.88	0.74		0.91	-0.55	-0.91	0.84	0.83	0.82	0.74	0.78	0.75	-0.74	0.74
Non Current Liabilities Total	0.98	-0.74	0.97	0.98	0.96	0.62	0.88	0.95	0.86	1.0	0.95	0.91		-0.79	-0.87	0.97	0.98	0.97	0.95	0.89	0.74	-0.93	0.94
Inventory	-0.77	0.26	-0.75	-0.77	-0.62	-0.88	-0.79	-0.69	-0.91	-0.83	-0.84	-0.55	-0.79		0.75	-0.75	-0.77	-0.77	-0.84	-0.76	-0.33	0.85	-0.85
Other Current Assets	-0.76	0.62	-0.77	-0.76	-0.8	-0.37	-0.8	-0.8	-0.61	-0.85	-0.71	-0.91	-0.87	0.75		-0.77	-0.76	-0.75	-0.71	-0.81	-0.58	0.76	-0.74
Total Liab	0.98	-0.78	1.0	0.98	0.96	0.66	0.92	0.98	0.87	0.97	0.97	0.84	0.97	-0.75	-0.77		0.98	0.97	0.97	0.93	0.84	-0.94	0.96
Net Invested Capital	1.0	-0.76	0.98	1.0	0.96	0.68	0.89	0.93	0.9	0.98	0.98	0.83	0.98	-0.77	-0.76	0.98		1.0	0.98	0.9	0.75	-0.96	0.98
Total Current Assets	1.0	-0.74	0.97	1.0	0.95	0.69	0.89	0.92	0.91	0.98	0.98	0.82	0.97	-0.77	-0.75	0.97	1.0		0.98	0.89	0.73	-0.96	0.98
Capital Stock	0.98	-0.65	0.97	0.98	0.89	0.81	0.9	0.92	0.96	0.96	1.0	0.74	0.95	-0.84	-0.71	0.97	0.98	0.98		0.9	0.71	-0.96	0.99
Net Working Capital	0.91	-0.79	0.93	0.9	0.89	0.59	1.0	0.92	0.79	0.89	0.9	0.78	0.89	-0.76	-0.81	0.93	0.9	0.89	0.9		0.81	-0.96	0.93
Intangible Assets	0.76	-0.91	0.84	0.75	0.85	0.24	0.78	0.9	0.49	0.71	0.71	0.75	0.74	-0.33	-0.58	0.84	0.75	0.73	0.71	0.81		-0.7	0.7
Capital Lease Obligations	-0.96	0.69	-0.94	-0.96	-0.89	-0.75	-0.96	-0.89	-0.92	-0.94	-0.96	-0.74	-0.93	0.85	0.76	-0.94	-0.96	-0.96	-0.96	-0.96	-0.7		-0.99
Non Current Liabilities Other	0.98	-0.67	0.96	0.98	0.9	0.78	0.94	0.9	0.95	0.96	0.99	0.74	0.94	-0.85	-0.74	0.96	0.98	0.98	0.99	0.93	0.7	-0.99

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Shaanxi Meineng Account Relationship Matchups

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C	Citigroup
GM	General Motors
F	Ford Motor

Other Information on Investing in Shaanxi Stock

Balance Sheet is a snapshot of the financial position of Shaanxi Meineng Clean at a specified time, usually calculated after every quarter, six months, or one year. Shaanxi Meineng Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Shaanxi Meineng 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 Shaanxi currently owns. An asset can also be divided into two categories, current and non-current.

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Shaanxi Capital Lease Obligations vs Intangible Assets Analysis

Capital Lease Obligations vs Intangible Assets

Capital Lease Obligations vs Intangible Assets Correlation Analysis

Correlation Coefficient

Capital Lease Obligations

Intangible Assets

Shaanxi Meineng fundamental ratios Correlations

Shaanxi Meineng Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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Other Information on Investing in Shaanxi Stock

COMMON DESTINATIONS

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Total Stockholder Equity	+ 1.0	Total Assets
Net Invested Capital	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Current Liabilities
Net Invested Capital	+ 1.0	Total Stockholder Equity
Total Current Assets	+ 1.0	Total Stockholder Equity

Non Current Liabilities Other	- 0.99	Capital Lease Obligations
Capital Lease Obligations	- 0.96	Net Working Capital
Capital Lease Obligations	- 0.96	Capital Stock
Capital Lease Obligations	- 0.96	Total Current Assets
Capital Lease Obligations	- 0.96	Net Invested Capital
Capital Lease Obligations	- 0.96	Common Stock Shares Outstanding