Oneconnect Capital Lease Obligations vs Total Current Liabilities Analysis

OCFT Stock

USD 2.56 0.05 1.92%

Oneconnect Financial financial indicator trend analysis is much more than just breaking down Oneconnect Financial prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Oneconnect Financial is a good investment. Please check the relationship between Oneconnect Financial Capital Lease Obligations and its Total Current Liabilities accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Oneconnect Financial Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

Capital Lease Obligations vs Total Current Liabilities

Capital Lease Obligations vs Total Current Liabilities Correlation Analysis

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

The correlation between Oneconnect Financial's Capital Lease Obligations and Total Current Liabilities is 0.69. Overlapping area represents the amount of variation of Capital Lease Obligations that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Oneconnect Financial Technology, assuming nothing else is changed. The correlation between historical values of Oneconnect Financial's Capital Lease Obligations and Total Current Liabilities 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 Oneconnect Financial Technology are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Capital Lease Obligations i.e., Oneconnect Financial's Capital Lease Obligations and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.69

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Capital Lease Obligations

Oneconnect Financial capital lease obligations are the amount due for long-term lease agreements that are nearly equivalent to Oneconnect Financial asset purchases. For example, Oneconnect Financial can use a capital lease to finance the purchase of an asset without ever buying it. A capital lease gives companies such as Oneconnect Financial 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 Current Liabilities

Total Current Liabilities is an item on Oneconnect Financial balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Oneconnect Financial Technology are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Most indicators from Oneconnect Financial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Oneconnect Financial 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Oneconnect Financial Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

Selling General Administrative is likely to gain to about 715.8 M in 2024, whereas Tax Provision is likely to drop (7.1 M) in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	76.6M	37.2M	19.5M	18.6M
Depreciation And Amortization	438.7M	281.4M	201.3M	239.7M

Interest Expense Depreciation And Amortization

Oneconnect Financial fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Capital Lease Obligations	Inventory	Other Current Assets	Other Stockholder Equity
Total Assets		0.11	0.42	0.98	1.0	0.97	0.99	0.4	0.6	-0.25	-0.81	0.57	0.65	0.88	0.46	0.69	0.92	0.82	0.83	0.33	0.94	0.45	0.78	-0.33	0.33	0.45
Short Long Term Debt Total	0.11		-0.54	-0.05	0.15	-0.01	0.08	0.84	-0.69	0.86	0.47	-0.15	-0.21	-0.27	-0.63	-0.54	-0.09	-0.32	-0.33	-0.52	0.05	0.82	0.37	-0.52	0.52	-0.58
Other Current Liab	0.42	-0.54		0.49	0.4	0.5	0.46	-0.43	0.77	-0.53	-0.7	-0.18	0.3	0.57	0.65	0.64	0.46	0.34	0.66	0.89	0.49	-0.39	0.01	0.24	-0.24	0.95
Total Current Liabilities	0.98	-0.05	0.49		0.96	0.98	0.97	0.27	0.73	-0.34	-0.89	0.6	0.61	0.93	0.6	0.79	0.91	0.87	0.88	0.42	0.94	0.3	0.69	-0.23	0.23	0.53
Total Stockholder Equity	1.0	0.15	0.4	0.96		0.97	0.99	0.42	0.56	-0.23	-0.79	0.55	0.68	0.86	0.41	0.67	0.93	0.8	0.82	0.3	0.92	0.49	0.81	-0.35	0.35	0.42
Other Liab	0.97	-0.01	0.5	0.98	0.97		0.99	0.27	0.69	-0.34	-0.88	0.56	0.65	0.95	0.56	0.81	0.89	0.83	0.93	0.44	0.89	0.33	0.75	-0.33	0.34	0.53
Net Tangible Assets	0.99	0.08	0.46	0.97	0.99	0.99		0.35	0.62	-0.29	-0.83	0.54	0.68	0.9	0.48	0.74	0.93	0.81	0.88	0.37	0.92	0.42	0.77	-0.31	0.31	0.48
Property Plant And Equipment Net	0.4	0.84	-0.43	0.27	0.42	0.27	0.35		-0.43	0.65	0.16	0.23	-0.06	0.08	-0.55	-0.23	0.21	0.12	-0.05	-0.58	0.4	0.96	0.71	-0.54	0.54	-0.34
Current Deferred Revenue	0.6	-0.69	0.77	0.73	0.56	0.69	0.62	-0.43		-0.77	-0.94	0.43	0.5	0.84	0.91	0.91	0.64	0.76	0.85	0.77	0.61	-0.41	0.18	0.15	-0.15	0.81
Net Debt	-0.25	0.86	-0.53	-0.34	-0.23	-0.34	-0.29	0.65	-0.77		0.69	-0.42	-0.68	-0.51	-0.64	-0.74	-0.5	-0.6	-0.59	-0.47	-0.21	0.51	0.02	-0.41	0.41	-0.53
Retained Earnings	-0.81	0.47	-0.7	-0.89	-0.79	-0.88	-0.83	0.16	-0.94	0.69		-0.55	-0.66	-0.95	-0.81	-0.93	-0.83	-0.88	-0.94	-0.65	-0.77	0.11	-0.47	0.06	-0.06	-0.75
Accounts Payable	0.57	-0.15	-0.18	0.6	0.55	0.56	0.54	0.23	0.43	-0.42	-0.55		0.54	0.62	0.31	0.56	0.59	0.85	0.5	-0.19	0.48	0.25	0.61	-0.23	0.23	-0.02
Cash	0.65	-0.21	0.3	0.61	0.68	0.65	0.68	-0.06	0.5	-0.68	-0.66	0.54		0.59	0.36	0.63	0.85	0.68	0.66	0.2	0.49	0.17	0.47	0.05	-0.05	0.23
Non Current Assets Total	0.88	-0.27	0.57	0.93	0.86	0.95	0.9	0.08	0.84	-0.51	-0.95	0.62	0.59		0.69	0.91	0.82	0.89	0.96	0.53	0.82	0.1	0.66	-0.28	0.28	0.66
Non Currrent Assets Other	0.46	-0.63	0.65	0.6	0.41	0.56	0.48	-0.55	0.91	-0.64	-0.81	0.31	0.36	0.69		0.77	0.45	0.56	0.71	0.83	0.41	-0.56	-0.05	0.12	-0.12	0.62
Other Assets	0.69	-0.54	0.64	0.79	0.67	0.81	0.74	-0.23	0.91	-0.74	-0.93	0.56	0.63	0.91	0.77		0.74	0.82	0.96	0.59	0.66	-0.17	0.38	0.05	-0.05	0.69
Cash And Short Term Investments	0.92	-0.09	0.46	0.91	0.93	0.89	0.93	0.21	0.64	-0.5	-0.83	0.59	0.85	0.82	0.45	0.74		0.85	0.82	0.3	0.87	0.34	0.67	-0.04	0.04	0.45
Net Receivables	0.82	-0.32	0.34	0.87	0.8	0.83	0.81	0.12	0.76	-0.6	-0.88	0.85	0.68	0.89	0.56	0.82	0.85		0.81	0.23	0.79	0.17	0.67	-0.14	0.14	0.48
Common Stock Total Equity	0.83	-0.33	0.66	0.88	0.82	0.93	0.88	-0.05	0.85	-0.59	-0.94	0.5	0.66	0.96	0.71	0.96	0.82	0.81		0.61	0.76	0.02	0.55	-0.14	0.14	0.69
Common Stock Shares Outstanding	0.33	-0.52	0.89	0.42	0.3	0.44	0.37	-0.58	0.77	-0.47	-0.65	-0.19	0.2	0.53	0.83	0.59	0.3	0.23	0.61		0.31	-0.57	-0.16	0.11	-0.11	0.79
Short Term Investments	0.94	0.05	0.49	0.94	0.92	0.89	0.92	0.4	0.61	-0.21	-0.77	0.48	0.49	0.82	0.41	0.66	0.87	0.79	0.76	0.31		0.41	0.68	-0.1	0.1	0.54
Non Current Liabilities Total	0.45	0.82	-0.39	0.3	0.49	0.33	0.42	0.96	-0.41	0.51	0.11	0.25	0.17	0.1	-0.56	-0.17	0.34	0.17	0.02	-0.57	0.41		0.76	-0.51	0.51	-0.34
Capital Lease Obligations	0.78	0.37	0.01	0.69	0.81	0.75	0.77	0.71	0.18	0.02	-0.47	0.61	0.47	0.66	-0.05	0.38	0.67	0.67	0.55	-0.16	0.68	0.76		-0.65	0.65	0.15
Inventory	-0.33	-0.52	0.24	-0.23	-0.35	-0.33	-0.31	-0.54	0.15	-0.41	0.06	-0.23	0.05	-0.28	0.12	0.05	-0.04	-0.14	-0.14	0.11	-0.1	-0.51	-0.65		-1.0	0.13
Other Current Assets	0.33	0.52	-0.24	0.23	0.35	0.34	0.31	0.54	-0.15	0.41	-0.06	0.23	-0.05	0.28	-0.12	-0.05	0.04	0.14	0.14	-0.11	0.1	0.51	0.65	-1.0		-0.13
Other Stockholder Equity	0.45	-0.58	0.95	0.53	0.42	0.53	0.48	-0.34	0.81	-0.53	-0.75	-0.02	0.23	0.66	0.62	0.69	0.45	0.48	0.69	0.79	0.54	-0.34	0.15	0.13	-0.13

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Oneconnect Financial Account Relationship Matchups

Oneconnect Financial fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	9.9B	10.9B	9.3B	8.9B	8.1B	9.4B
Short Long Term Debt Total	3.3B	2.3B	815.3M	333.6M	357.3M	339.5M
Other Current Liab	540.8M	1.8B	3.1B	530.2M	4.5B	4.7B
Total Current Liabilities	4.9B	5.2B	5.2B	5.4B	5.1B	5.3B
Total Stockholder Equity	4.4B	5.2B	3.8B	3.3B	3.0B	3.7B
Other Liab	302.3M	379.1M	385.2M	343.1M	394.6M	333.0M
Net Tangible Assets	3.4B	4.3B	3.1B	2.7B	3.1B	2.9B
Property Plant And Equipment Net	314.5M	224.3M	244.4M	151.4M	85.1M	80.8M
Current Deferred Revenue	105.0M	544.4M	1.5B	2.1B	2.4B	2.5B
Net Debt	2.1B	(771.9M)	(584.1M)	(1.6B)	(1.0B)	(971.0M)
Retained Earnings	(4.0B)	(5.4B)	(6.6B)	(7.5B)	(7.9B)	(8.3B)
Accounts Payable	1.1B	920.2M	1.1B	2.5B	246.6M	234.2M
Cash	1.1B	3.1B	1.4B	1.9B	1.4B	1.6B
Non Current Assets Total	2.3B	1.9B	2.4B	2.5B	2.7B	2.3B
Non Currrent Assets Other	41.0M	42.1M	1.5M	780.3M	897.3M	942.2M
Other Assets	464.8M	606.6M	684.8M	766.0M	880.9M	607.6M
Cash And Short Term Investments	2.8B	5.1B	4.0B	3.8B	3.2B	3.7B
Net Receivables	921.4M	1.1B	1.7B	2.1B	809.6M	1.1B
Common Stock Shares Outstanding	31.3M	35.5M	36.9M	36.8M	1.1B	1.1B
Short Term Investments	1.7B	2.1B	2.6B	1.9B	1.8B	2.1B
Liabilities And Stockholders Equity	9.9B	10.9B	9.3B	8.9B	8.1B	9.4B
Non Current Liabilities Total	466.9M	433.3M	343.1M	158.0M	47.5M	45.1M
Capital Lease Obligations	189.7M	134.2M	154.9M	91.6M	51.2M	48.7M
Inventory	(4.2T)	(3.9B)	(3.3B)	(690.6M)	(925.2M)	(971.5M)
Other Current Assets	4.2T	5.9B	1.8B	400.2M	1.4B	1.3B
Total Liab	5.4B	5.6B	5.5B	5.6B	5.1B	5.6B
Net Invested Capital	7.6B	7.5B	4.6B	3.6B	3.3B	4.0B
Long Term Investments	512.3M	222.8M	826.5M	1.0B	1.4B	1.4B
Property Plant And Equipment Gross	527.0M	224.3M	691.4M	591.7M	531.0M	478.7M
Short Long Term Debt	3.2B	2.3B	815.3M	289.1M	306.1M	290.8M
Total Current Assets	7.7B	8.9B	6.9B	6.4B	5.4B	7.1B
Accumulated Other Comprehensive Income	8.5B	10.6B	10.5B	11.0B	1.2B	1.2B
Net Working Capital	2.7B	3.8B	1.7B	928.0M	285.9M	271.6M
Short Term Debt	3.2B	2.4B	872.7M	289.1M	329.0M	312.6M
Intangible Assets	687.8M	627.9M	398.0M	281.3M	182.2M	363.0M

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