SCHMID Cash vs Capital Lease Obligations Analysis
SHMDW Stock | 0.29 0.01 3.57% |
SCHMID Group financial indicator trend analysis is much more than just breaking down SCHMID Group NV prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether SCHMID Group NV is a good investment. Please check the relationship between SCHMID Group Cash and its Capital Lease Obligations accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SCHMID Group NV. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.
Cash vs Capital Lease Obligations
Cash vs Capital Lease Obligations Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of SCHMID Group NV Cash account and Capital Lease Obligations. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between SCHMID Group's Cash and Capital Lease Obligations is 0.42. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Capital Lease Obligations in the same time period over historical financial statements of SCHMID Group NV, assuming nothing else is changed. The correlation between historical values of SCHMID Group's Cash 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 Cash of SCHMID Group NV 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 Cash i.e., SCHMID Group's Cash and Capital Lease Obligations go up and down completely randomly.
Correlation Coefficient | 0.42 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Cash
Cash refers to the most liquid asset of SCHMID Group NV, which is listed under current asset account on SCHMID Group NV balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from SCHMID Group customers. The amounts must be unrestricted with restricted cash listed in a different SCHMID Group account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.Capital Lease Obligations
SCHMID Group NV capital lease obligations are the amount due for long-term lease agreements that are nearly equivalent to SCHMID Group asset purchases. For example, SCHMID Group can use a capital lease to finance the purchase of an asset without ever buying it. A capital lease gives companies such as SCHMID Group 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 SCHMID Group's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into SCHMID Group NV 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 World Market Map to better understand how to build diversified portfolios, which includes a position in SCHMID Group NV. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment. Sales General And Administrative To Revenue is likely to climb to 0.26 in 2024, whereas Tax Provision is likely to drop slightly above 1.6 M in 2024.
2010 | 2022 | 2023 | 2024 (projected) | Depreciation And Amortization | 4.9M | 6.3M | 6.9M | 6.6M | Interest Income | 3.2M | 4.1M | 3.9M | 4.1M |
SCHMID Group fundamental ratios Correlations
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SCHMID Group Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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When running SCHMID Group's price analysis, check to measure SCHMID Group'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 SCHMID Group is operating at the current time. Most of SCHMID Group's value examination focuses on studying past and present price action to predict the probability of SCHMID Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SCHMID Group's price. Additionally, you may evaluate how the addition of SCHMID Group to your portfolios can decrease your overall portfolio volatility.