Natures Capital Lease Obligations vs Net Working Capital Analysis
NMHIW Stock | 0.01 0 29.63% |
Natures Miracle financial indicator trend analysis is infinitely more than just investigating Natures Miracle Holding recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Natures Miracle Holding is a good investment. Please check the relationship between Natures Miracle Capital Lease Obligations and its Net Working Capital accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Natures Miracle Holding. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
Capital Lease Obligations vs Net Working Capital
Capital Lease Obligations vs Net Working Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Natures Miracle Holding Capital Lease Obligations account and Net Working Capital. At this time, the significance of the direction appears to have pay attention.
The correlation between Natures Miracle's Capital Lease Obligations and Net Working Capital is -0.75. Overlapping area represents the amount of variation of Capital Lease Obligations that can explain the historical movement of Net Working Capital in the same time period over historical financial statements of Natures Miracle Holding, assuming nothing else is changed. The correlation between historical values of Natures Miracle's Capital Lease Obligations and Net Working Capital 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 Natures Miracle Holding are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Capital Lease Obligations i.e., Natures Miracle's Capital Lease Obligations and Net Working Capital go up and down completely randomly.
Correlation Coefficient | -0.75 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Capital Lease Obligations
Natures Miracle Holding capital lease obligations are the amount due for long-term lease agreements that are nearly equivalent to Natures Miracle asset purchases. For example, Natures Miracle can use a capital lease to finance the purchase of an asset without ever buying it. A capital lease gives companies such as Natures Miracle 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.Net Working Capital
Most indicators from Natures Miracle's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Natures Miracle Holding 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 Natures Miracle Holding. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. Tax Provision is likely to drop to about 156.5 K in 2024. Selling General Administrative is likely to drop to about 2.4 M in 2024
2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 3.4M | 5.1M | 5.9M | 6.1M | Cost Of Revenue | 17.0M | 9.9M | 11.4M | 13.4M |
Natures Miracle fundamental ratios Correlations
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Natures Miracle Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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When running Natures Miracle's price analysis, check to measure Natures Miracle'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 Natures Miracle is operating at the current time. Most of Natures Miracle's value examination focuses on studying past and present price action to predict the probability of Natures Miracle's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Natures Miracle's price. Additionally, you may evaluate how the addition of Natures Miracle to your portfolios can decrease your overall portfolio volatility.