Hangzhou Non Current Assets Total vs Capital Lease Obligations Analysis
| 605377 Stock | 13.57 0.21 1.57% |
Hangzhou Huawang financial indicator trend analysis is much more than just examining Hangzhou Huawang New latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hangzhou Huawang New is a good investment. Please check the relationship between Hangzhou Huawang Non Current Assets Total and its Capital Lease Obligations accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Hangzhou Huawang New. 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.
Non Current Assets Total vs Capital Lease Obligations
Non Current Assets Total vs Capital Lease Obligations Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hangzhou Huawang New Non Current Assets Total account and Capital Lease Obligations. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Hangzhou Huawang's Non Current Assets Total and Capital Lease Obligations is 0.57. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Capital Lease Obligations in the same time period over historical financial statements of Hangzhou Huawang New, assuming nothing else is changed. The correlation between historical values of Hangzhou Huawang's Non Current Assets Total 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 Non Current Assets Total of Hangzhou Huawang New 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 Non Current Assets Total i.e., Hangzhou Huawang's Non Current Assets Total and Capital Lease Obligations go up and down completely randomly.
Correlation Coefficient | 0.57 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Non Current Assets Total
The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.Capital Lease Obligations
Hangzhou Huawang New capital lease obligations are the amount due for long-term lease agreements that are nearly equivalent to Hangzhou Huawang asset purchases. For example, Hangzhou Huawang can use a capital lease to finance the purchase of an asset without ever buying it. A capital lease gives companies such as Hangzhou Huawang 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 Hangzhou Huawang's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hangzhou Huawang New 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 Hangzhou Huawang New. 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 25, 2024, Tax Provision is expected to decline to about 61.6 M. In addition to that, Selling General Administrative is expected to decline to about 41.3 M
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 3.2M | 4.8M | 7.2M | 6.6M | Interest Income | 9.4M | 48.3M | 70.9M | 74.4M |
Hangzhou Huawang fundamental ratios Correlations
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Hangzhou Huawang Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Other Information on Investing in Hangzhou Stock
Balance Sheet is a snapshot of the financial position of Hangzhou Huawang New at a specified time, usually calculated after every quarter, six months, or one year. Hangzhou Huawang Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Hangzhou Huawang 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 Hangzhou currently owns. An asset can also be divided into two categories, current and non-current.