Sichuan Total Current Assets vs Capital Lease Obligations Analysis
| 300987 Stock | 16.76 0.28 1.70% |
Sichuan Newsnet financial indicator trend analysis is much more than just breaking down Sichuan Newsnet Media prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sichuan Newsnet Media is a good investment. Please check the relationship between Sichuan Newsnet Total Current Assets and its Capital Lease Obligations accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Sichuan Newsnet Media. 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.
Total Current Assets vs Capital Lease Obligations
Total Current Assets vs Capital Lease Obligations Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sichuan Newsnet Media Total Current Assets account and Capital Lease Obligations. At this time, the significance of the direction appears to have no relationship.
The correlation between Sichuan Newsnet's Total Current Assets and Capital Lease Obligations is 0.05. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Capital Lease Obligations in the same time period over historical financial statements of Sichuan Newsnet Media, assuming nothing else is changed. The correlation between historical values of Sichuan Newsnet's Total Current Assets 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 Total Current Assets of Sichuan Newsnet Media 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 Total Current Assets i.e., Sichuan Newsnet's Total Current Assets and Capital Lease Obligations go up and down completely randomly.
Correlation Coefficient | 0.05 |
| Relationship Direction | Positive |
| Relationship Strength | Insignificant |
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.Capital Lease Obligations
Sichuan Newsnet Media capital lease obligations are the amount due for long-term lease agreements that are nearly equivalent to Sichuan Newsnet asset purchases. For example, Sichuan Newsnet can use a capital lease to finance the purchase of an asset without ever buying it. A capital lease gives companies such as Sichuan Newsnet 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 Sichuan Newsnet's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sichuan Newsnet Media 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 Sichuan Newsnet Media. 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. The current year's Selling General Administrative is expected to grow to about 39.1 M, whereas Tax Provision is projected to grow to (1.7 M).
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Income | 6.5M | 17.7M | 15.6M | 11.3M | Net Interest Income | 6.2M | 17.2M | 15.0M | 11.0M |
Sichuan Newsnet fundamental ratios Correlations
Click cells to compare fundamentals
Sichuan Newsnet Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Sichuan Stock
Balance Sheet is a snapshot of the financial position of Sichuan Newsnet Media at a specified time, usually calculated after every quarter, six months, or one year. Sichuan Newsnet Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Sichuan Newsnet 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 Sichuan currently owns. An asset can also be divided into two categories, current and non-current.