Ming Capital Lease Obligations vs Total Assets Analysis
| MSW Stock | USD 4.17 0.17 3.92% |
Ming Shing financial indicator trend analysis is infinitely more than just investigating Ming Shing Group recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ming Shing Group is a good investment. Please check the relationship between Ming Shing Capital Lease Obligations and its Total Assets accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Ming Shing Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.
Capital Lease Obligations vs Total Assets
Capital Lease Obligations vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ming Shing Group Capital Lease Obligations account and Total Assets. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Ming Shing's Capital Lease Obligations and Total Assets is 0.42. Overlapping area represents the amount of variation of Capital Lease Obligations that can explain the historical movement of Total Assets in the same time period over historical financial statements of Ming Shing Group, assuming nothing else is changed. The correlation between historical values of Ming Shing's Capital Lease Obligations and Total 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 Ming Shing Group are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Capital Lease Obligations i.e., Ming Shing's Capital Lease Obligations and Total Assets go up and down completely randomly.
Correlation Coefficient | 0.42 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Capital Lease Obligations
Ming Shing Group capital lease obligations are the amount due for long-term lease agreements that are nearly equivalent to Ming Shing asset purchases. For example, Ming Shing can use a capital lease to finance the purchase of an asset without ever buying it. A capital lease gives companies such as Ming Shing 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.Total Assets
Total assets refers to the total amount of Ming Shing assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Ming Shing Group books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Most indicators from Ming Shing's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ming Shing Group 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Ming Shing Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state. Tax Provision is likely to drop to about 419.4 K in 2024. Selling General Administrative is likely to drop to about 764.9 K in 2024
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 2.6M | 3.5M | 5.1M | 3.4M | Total Revenue | 14.4M | 21.9M | 27.6M | 19.2M |
Ming Shing fundamental ratios Correlations
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Ming Shing Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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When running Ming Shing's price analysis, check to measure Ming Shing'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 Ming Shing is operating at the current time. Most of Ming Shing's value examination focuses on studying past and present price action to predict the probability of Ming Shing's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ming Shing's price. Additionally, you may evaluate how the addition of Ming Shing to your portfolios can decrease your overall portfolio volatility.