Above Non Current Liabilities Total vs Capital Lease Obligations Analysis

ABVEW Stock

0.04 0.02 89.05%

Above Food financial indicator trend analysis is way more than just evaluating Above Food Ingredients prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Above Food Ingredients is a good investment. Please check the relationship between Above Food Non Current Liabilities Total and its Capital Lease Obligations accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Above Food Ingredients. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

Non Current Liabilities Total vs Capital Lease Obligations

Non Current Liabilities Total vs Capital Lease Obligations Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Above Food Ingredients Non Current Liabilities Total account and Capital Lease Obligations. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Above Food's Non Current Liabilities Total and Capital Lease Obligations is 0.82. Overlapping area represents the amount of variation of Non Current Liabilities Total that can explain the historical movement of Capital Lease Obligations in the same time period over historical financial statements of Above Food Ingredients, assuming nothing else is changed. The correlation between historical values of Above Food's Non Current Liabilities 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 Liabilities Total of Above Food Ingredients 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 Liabilities Total i.e., Above Food's Non Current Liabilities Total and Capital Lease Obligations go up and down completely randomly.

Correlation Coefficient

0.82

Relationship Direction	Positive
Relationship Strength	Strong

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Non Current Liabilities Total

Capital Lease Obligations

Above Food Ingredients capital lease obligations are the amount due for long-term lease agreements that are nearly equivalent to Above Food asset purchases. For example, Above Food can use a capital lease to finance the purchase of an asset without ever buying it. A capital lease gives companies such as Above Food 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 Above Food's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Above Food Ingredients 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 Above Food Ingredients. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

At this time, Above Food's Tax Provision is fairly stable compared to the past year. Enterprise Value is likely to climb to about 342.7 M in 2024, whereas Selling General Administrative is likely to drop slightly above 24.2 M in 2024.

	2010	2022	2023	2024 (projected)
Depreciation And Amortization	1.4M	3.0M	3.6M	2.9M
Interest Income	82.3K	296.5K	245.3K	228.8K

Depreciation And Amortization Interest Income

Above Food fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Property Plant And Equipment Net	Current Deferred Revenue	Accounts Payable	Long Term Debt	Net Receivables	Good Will	Non Current Liabilities Total	Capital Lease Obligations	Inventory
Total Assets		0.89	0.08	0.58	0.51	0.89	-0.62	0.61	0.96	-0.49	0.61	-0.4	0.91	0.58	0.58	0.76	0.73	0.51	0.58	0.54	-0.56	-0.24	-0.4	0.58	0.44	-0.6
Short Long Term Debt Total	0.89		0.2	0.88	0.09	1.0	-0.89	0.9	0.78	-0.15	0.9	-0.7	0.7	0.88	0.88	0.75	0.36	0.73	0.77	0.73	-0.8	-0.49	-0.51	0.88	0.71	-0.85
Other Current Liab	0.08	0.2		0.15	-0.06	0.2	-0.12	0.12	0.05	0.69	0.12	-0.26	-0.17	0.15	0.15	-0.48	-0.02	-0.38	-0.1	-0.37	0.23	-0.92	0.68	0.15	-0.24	-0.06
Total Current Liabilities	0.58	0.88	0.15		-0.39	0.88	-1.0	1.0	0.39	0.16	1.0	-0.89	0.33	1.0	1.0	0.67	-0.12	0.85	0.89	0.86	-0.93	-0.52	-0.62	1.0	0.82	-0.97
Total Stockholder Equity	0.51	0.09	-0.06	-0.39		0.09	0.36	-0.35	0.69	-0.72	-0.35	0.55	0.71	-0.39	-0.39	0.13	0.96	-0.3	-0.35	-0.31	0.34	0.25	0.2	-0.4	-0.3	0.38
Net Debt	0.89	1.0	0.2	0.88	0.09		-0.89	0.9	0.78	-0.15	0.9	-0.69	0.71	0.88	0.88	0.75	0.36	0.73	0.77	0.73	-0.8	-0.49	-0.51	0.88	0.71	-0.85
Retained Earnings	-0.62	-0.89	-0.12	-1.0	0.36	-0.89		-1.0	-0.43	-0.11	-1.0	0.9	-0.36	-1.0	-1.0	-0.71	0.08	-0.86	-0.92	-0.87	0.94	0.49	0.64	-1.0	-0.81	0.99
Cash	0.61	0.9	0.12	1.0	-0.35	0.9	-1.0		0.43	0.1	1.0	-0.88	0.38	1.0	1.0	0.71	-0.07	0.87	0.9	0.87	-0.94	-0.49	-0.65	1.0	0.84	-0.98
Non Current Assets Total	0.96	0.78	0.05	0.39	0.69	0.78	-0.43	0.43		-0.6	0.43	-0.15	0.97	0.39	0.4	0.66	0.87	0.37	0.36	0.36	-0.39	-0.15	-0.29	0.39	0.35	-0.38
Non Currrent Assets Other	-0.49	-0.15	0.69	0.16	-0.72	-0.15	-0.11	0.1	-0.6		0.1	-0.38	-0.75	0.16	0.16	-0.6	-0.74	-0.24	-0.02	-0.22	0.12	-0.69	0.47	0.16	-0.13	-0.1
Cash And Short Term Investments	0.61	0.9	0.12	1.0	-0.35	0.9	-1.0	1.0	0.43	0.1		-0.88	0.38	1.0	1.0	0.71	-0.07	0.87	0.9	0.87	-0.94	-0.49	-0.65	1.0	0.84	-0.98
Common Stock Shares Outstanding	-0.4	-0.7	-0.26	-0.89	0.55	-0.69	0.9	-0.88	-0.15	-0.38	-0.88		-0.04	-0.89	-0.89	-0.49	0.31	-0.65	-0.91	-0.74	0.78	0.55	0.45	-0.89	-0.52	0.94
Other Stockholder Equity	0.91	0.7	-0.17	0.33	0.71	0.71	-0.36	0.38	0.97	-0.75	0.38	-0.04		0.33	0.33	0.72	0.87	0.43	0.32	0.4	-0.4	0.05	-0.42	0.33	0.42	-0.32
Total Liab	0.58	0.88	0.15	1.0	-0.39	0.88	-1.0	1.0	0.39	0.16	1.0	-0.89	0.33		1.0	0.67	-0.12	0.85	0.89	0.86	-0.93	-0.52	-0.62	1.0	0.82	-0.97
Total Current Assets	0.58	0.88	0.15	1.0	-0.39	0.88	-1.0	1.0	0.4	0.16	1.0	-0.89	0.33	1.0		0.67	-0.12	0.85	0.89	0.85	-0.93	-0.52	-0.62	1.0	0.82	-0.97
Short Term Debt	0.76	0.75	-0.48	0.67	0.13	0.75	-0.71	0.71	0.66	-0.6	0.71	-0.49	0.72	0.67	0.67		0.35	0.87	0.8	0.9	-0.85	0.18	-0.89	0.66	0.7	-0.73
Common Stock	0.73	0.36	-0.02	-0.12	0.96	0.36	0.08	-0.07	0.87	-0.74	-0.07	0.31	0.87	-0.12	-0.12	0.35		-0.07	-0.09	-0.07	0.09	0.12	0.02	-0.12	-0.07	0.11
Property Plant And Equipment Net	0.51	0.73	-0.38	0.85	-0.3	0.73	-0.86	0.87	0.37	-0.24	0.87	-0.65	0.43	0.85	0.85	0.87	-0.07		0.84	0.98	-0.98	-0.01	-0.93	0.85	0.93	-0.85
Current Deferred Revenue	0.58	0.77	-0.1	0.89	-0.35	0.77	-0.92	0.9	0.36	-0.02	0.9	-0.91	0.32	0.89	0.89	0.8	-0.09	0.84		0.93	-0.92	-0.23	-0.75	0.89	0.65	-0.97
Accounts Payable	0.54	0.73	-0.37	0.86	-0.31	0.73	-0.87	0.87	0.36	-0.22	0.87	-0.74	0.4	0.86	0.85	0.9	-0.07	0.98	0.93		-0.98	-0.01	-0.93	0.85	0.83	-0.9
Long Term Debt	-0.56	-0.8	0.23	-0.93	0.34	-0.8	0.94	-0.94	-0.39	0.12	-0.94	0.78	-0.4	-0.93	-0.93	-0.85	0.09	-0.98	-0.92	-0.98		0.16	0.87	-0.93	-0.89	0.94
Net Receivables	-0.24	-0.49	-0.92	-0.52	0.25	-0.49	0.49	-0.49	-0.15	-0.69	-0.49	0.55	0.05	-0.52	-0.52	0.18	0.12	-0.01	-0.23	-0.01	0.16		-0.35	-0.52	-0.16	0.42
Good Will	-0.4	-0.51	0.68	-0.62	0.2	-0.51	0.64	-0.65	-0.29	0.47	-0.65	0.45	-0.42	-0.62	-0.62	-0.89	0.02	-0.93	-0.75	-0.93	0.87	-0.35		-0.62	-0.78	0.67
Non Current Liabilities Total	0.58	0.88	0.15	1.0	-0.4	0.88	-1.0	1.0	0.39	0.16	1.0	-0.89	0.33	1.0	1.0	0.66	-0.12	0.85	0.89	0.85	-0.93	-0.52	-0.62		0.82	-0.97
Capital Lease Obligations	0.44	0.71	-0.24	0.82	-0.3	0.71	-0.81	0.84	0.35	-0.13	0.84	-0.52	0.42	0.82	0.82	0.7	-0.07	0.93	0.65	0.83	-0.89	-0.16	-0.78	0.82		-0.74
Inventory	-0.6	-0.85	-0.06	-0.97	0.38	-0.85	0.99	-0.98	-0.38	-0.1	-0.98	0.94	-0.32	-0.97	-0.97	-0.73	0.11	-0.85	-0.97	-0.9	0.94	0.42	0.67	-0.97	-0.74

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Above Non Current Liabilities Total vs Capital Lease Obligations Analysis

Non Current Liabilities Total vs Capital Lease Obligations

Non Current Liabilities Total vs Capital Lease Obligations Correlation Analysis

Correlation Coefficient

Non Current Liabilities Total

Capital Lease Obligations

Above Food fundamental ratios Correlations

Above Food Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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Net Debt	+ 1.0	Short Long Term Debt Total
Cash	+ 1.0	Total Current Liabilities
Cash And Short Term Investments	+ 1.0	Total Current Liabilities
Total Liab	+ 1.0	Total Current Liabilities
Total Current Assets	+ 1.0	Total Current Liabilities
Non Current Liabilities Total	+ 1.0	Total Current Liabilities

Non Current Liabilities Total	- 1.0	Retained Earnings
Total Current Assets	- 1.0	Retained Earnings
Total Liab	- 1.0	Retained Earnings
Cash And Short Term Investments	- 1.0	Retained Earnings
Cash	- 1.0	Retained Earnings
Retained Earnings	- 1.0	Total Current Liabilities