Oneconnect Other Liab vs Capital Lease Obligations 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 Other Liab and its Capital Lease Obligations 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.

Other Liab vs Capital Lease Obligations

JavaScript chart by amCharts 3.21.15201420162018202020222024120M140M160M180M200M220M240M260M280M300M320M340M360M380M 40M50M60M70M80M90M100M110M120M130M140M150M160M170M180M
JavaScript chart by amCharts 3.21.15Other Liabtotal: 3BCapital Lease Obligationstotal: 932.2M

Other Liab vs Capital Lease Obligations Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Oneconnect Financial Other Liab account and Capital Lease Obligations. At this time, the significance of the direction appears to have strong relationship.
Other LiabCapital Lease ObligationsDiversified AwayOther LiabCapital Lease ObligationsDiversified Away100%
The correlation between Oneconnect Financial's Other Liab and Capital Lease Obligations is 0.75. Overlapping area represents the amount of variation of Other Liab that can explain the historical movement of Capital Lease Obligations 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 Other Liab 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 Other Liab of Oneconnect Financial Technology 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 Other Liab i.e., Oneconnect Financial's Other Liab and Capital Lease Obligations go up and down completely randomly.

Correlation Coefficient

0.75
Relationship DirectionPositive 
Relationship StrengthSignificant

Other Liab

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.
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 Expense76.6M37.2M19.5M18.6M
Depreciation And Amortization438.7M281.4M201.3M239.7M

Oneconnect Financial fundamental ratios Correlations

0.110.420.981.00.970.990.40.6-0.25-0.810.570.650.880.460.690.920.820.830.330.940.450.78-0.330.330.45
0.11-0.54-0.050.15-0.010.080.84-0.690.860.47-0.15-0.21-0.27-0.63-0.54-0.09-0.32-0.33-0.520.050.820.37-0.520.52-0.58
0.42-0.540.490.40.50.46-0.430.77-0.53-0.7-0.180.30.570.650.640.460.340.660.890.49-0.390.010.24-0.240.95
0.98-0.050.490.960.980.970.270.73-0.34-0.890.60.610.930.60.790.910.870.880.420.940.30.69-0.230.230.53
1.00.150.40.960.970.990.420.56-0.23-0.790.550.680.860.410.670.930.80.820.30.920.490.81-0.350.350.42
0.97-0.010.50.980.970.990.270.69-0.34-0.880.560.650.950.560.810.890.830.930.440.890.330.75-0.330.340.53
0.990.080.460.970.990.990.350.62-0.29-0.830.540.680.90.480.740.930.810.880.370.920.420.77-0.310.310.48
0.40.84-0.430.270.420.270.35-0.430.650.160.23-0.060.08-0.55-0.230.210.12-0.05-0.580.40.960.71-0.540.54-0.34
0.6-0.690.770.730.560.690.62-0.43-0.77-0.940.430.50.840.910.910.640.760.850.770.61-0.410.180.15-0.150.81
-0.250.86-0.53-0.34-0.23-0.34-0.290.65-0.770.69-0.42-0.68-0.51-0.64-0.74-0.5-0.6-0.59-0.47-0.210.510.02-0.410.41-0.53
-0.810.47-0.7-0.89-0.79-0.88-0.830.16-0.940.69-0.55-0.66-0.95-0.81-0.93-0.83-0.88-0.94-0.65-0.770.11-0.470.06-0.06-0.75
0.57-0.15-0.180.60.550.560.540.230.43-0.42-0.550.540.620.310.560.590.850.5-0.190.480.250.61-0.230.23-0.02
0.65-0.210.30.610.680.650.68-0.060.5-0.68-0.660.540.590.360.630.850.680.660.20.490.170.470.05-0.050.23
0.88-0.270.570.930.860.950.90.080.84-0.51-0.950.620.590.690.910.820.890.960.530.820.10.66-0.280.280.66
0.46-0.630.650.60.410.560.48-0.550.91-0.64-0.810.310.360.690.770.450.560.710.830.41-0.56-0.050.12-0.120.62
0.69-0.540.640.790.670.810.74-0.230.91-0.74-0.930.560.630.910.770.740.820.960.590.66-0.170.380.05-0.050.69
0.92-0.090.460.910.930.890.930.210.64-0.5-0.830.590.850.820.450.740.850.820.30.870.340.67-0.040.040.45
0.82-0.320.340.870.80.830.810.120.76-0.6-0.880.850.680.890.560.820.850.810.230.790.170.67-0.140.140.48
0.83-0.330.660.880.820.930.88-0.050.85-0.59-0.940.50.660.960.710.960.820.810.610.760.020.55-0.140.140.69
0.33-0.520.890.420.30.440.37-0.580.77-0.47-0.65-0.190.20.530.830.590.30.230.610.31-0.57-0.160.11-0.110.79
0.940.050.490.940.920.890.920.40.61-0.21-0.770.480.490.820.410.660.870.790.760.310.410.68-0.10.10.54
0.450.82-0.390.30.490.330.420.96-0.410.510.110.250.170.1-0.56-0.170.340.170.02-0.570.410.76-0.510.51-0.34
0.780.370.010.690.810.750.770.710.180.02-0.470.610.470.66-0.050.380.670.670.55-0.160.680.76-0.650.650.15
-0.33-0.520.24-0.23-0.35-0.33-0.31-0.540.15-0.410.06-0.230.05-0.280.120.05-0.04-0.14-0.140.11-0.1-0.51-0.65-1.00.13
0.330.52-0.240.230.350.340.310.54-0.150.41-0.060.23-0.050.28-0.12-0.050.040.140.14-0.110.10.510.65-1.0-0.13
0.45-0.580.950.530.420.530.48-0.340.81-0.53-0.75-0.020.230.660.620.690.450.480.690.790.54-0.340.150.13-0.13
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Oneconnect Financial Account Relationship Matchups

Oneconnect Financial fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets9.9B10.9B9.3B8.9B8.1B9.4B
Short Long Term Debt Total3.3B2.3B815.3M333.6M357.3M339.5M
Other Current Liab540.8M1.8B3.1B530.2M4.5B4.7B
Total Current Liabilities4.9B5.2B5.2B5.4B5.1B5.3B
Total Stockholder Equity4.4B5.2B3.8B3.3B3.0B3.7B
Other Liab302.3M379.1M385.2M343.1M394.6M333.0M
Net Tangible Assets3.4B4.3B3.1B2.7B3.1B2.9B
Property Plant And Equipment Net314.5M224.3M244.4M151.4M85.1M80.8M
Current Deferred Revenue105.0M544.4M1.5B2.1B2.4B2.5B
Net Debt2.1B(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 Payable1.1B920.2M1.1B2.5B246.6M234.2M
Cash1.1B3.1B1.4B1.9B1.4B1.6B
Non Current Assets Total2.3B1.9B2.4B2.5B2.7B2.3B
Non Currrent Assets Other41.0M42.1M1.5M780.3M897.3M942.2M
Other Assets464.8M606.6M684.8M766.0M880.9M607.6M
Cash And Short Term Investments2.8B5.1B4.0B3.8B3.2B3.7B
Net Receivables921.4M1.1B1.7B2.1B809.6M1.1B
Common Stock Shares Outstanding31.3M35.5M36.9M36.8M1.1B1.1B
Short Term Investments1.7B2.1B2.6B1.9B1.8B2.1B
Liabilities And Stockholders Equity9.9B10.9B9.3B8.9B8.1B9.4B
Non Current Liabilities Total466.9M433.3M343.1M158.0M47.5M45.1M
Capital Lease Obligations189.7M134.2M154.9M91.6M51.2M48.7M
Inventory(4.2T)(3.9B)(3.3B)(690.6M)(925.2M)(971.5M)
Other Current Assets4.2T5.9B1.8B400.2M1.4B1.3B
Total Liab5.4B5.6B5.5B5.6B5.1B5.6B
Net Invested Capital7.6B7.5B4.6B3.6B3.3B4.0B
Long Term Investments512.3M222.8M826.5M1.0B1.4B1.4B
Property Plant And Equipment Gross527.0M224.3M691.4M591.7M531.0M478.7M
Short Long Term Debt3.2B2.3B815.3M289.1M306.1M290.8M
Total Current Assets7.7B8.9B6.9B6.4B5.4B7.1B
Accumulated Other Comprehensive Income8.5B10.6B10.5B11.0B1.2B1.2B
Net Working Capital2.7B3.8B1.7B928.0M285.9M271.6M
Short Term Debt3.2B2.4B872.7M289.1M329.0M312.6M
Intangible Assets687.8M627.9M398.0M281.3M182.2M363.0M

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