GeneDx Total Assets vs Capital Lease Obligations Analysis
| WGSWW Stock | 0.15 0.02 11.76% |
GeneDx Holdings financial indicator trend analysis is much more than just examining GeneDx Holdings Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether GeneDx Holdings Corp is a good investment. Please check the relationship between GeneDx Holdings Total Assets and its Capital Lease Obligations accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in GeneDx Holdings Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.
Total Assets vs Capital Lease Obligations
Total Assets vs Capital Lease Obligations Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of GeneDx Holdings Corp Total Assets account and Capital Lease Obligations. At this time, the significance of the direction appears to have strong relationship.
The correlation between GeneDx Holdings' Total Assets and Capital Lease Obligations is 0.69. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Capital Lease Obligations in the same time period over historical financial statements of GeneDx Holdings Corp, assuming nothing else is changed. The correlation between historical values of GeneDx Holdings' Total Assets 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 Total Assets of GeneDx Holdings Corp 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 Total Assets i.e., GeneDx Holdings' Total Assets and Capital Lease Obligations go up and down completely randomly.
Correlation Coefficient | 0.69 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Total Assets
Total assets refers to the total amount of GeneDx Holdings 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 GeneDx Holdings Corp 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.Capital Lease Obligations
GeneDx Holdings Corp capital lease obligations are the amount due for long-term lease agreements that are nearly equivalent to GeneDx Holdings asset purchases. For example, GeneDx Holdings can use a capital lease to finance the purchase of an asset without ever buying it. A capital lease gives companies such as GeneDx Holdings 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 GeneDx Holdings' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into GeneDx Holdings Corp 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 Current Watchlist to better understand how to build diversified portfolios, which includes a position in GeneDx Holdings Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing. At this time, GeneDx Holdings' Selling General Administrative is fairly stable compared to the past year. Enterprise Value is likely to climb to about 91.3 M in 2024, whereas Tax Provision is likely to drop (972.3 K) in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Depreciation And Amortization | 23.4M | 63.0M | 33.7M | 31.3M | Interest Income | 79K | 2.5M | 2.9M | 3.1M |
GeneDx Holdings fundamental ratios Correlations
Click cells to compare fundamentals
GeneDx Holdings Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for GeneDx Stock Analysis
When running GeneDx Holdings' price analysis, check to measure GeneDx Holdings' 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 GeneDx Holdings is operating at the current time. Most of GeneDx Holdings' value examination focuses on studying past and present price action to predict the probability of GeneDx Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move GeneDx Holdings' price. Additionally, you may evaluate how the addition of GeneDx Holdings to your portfolios can decrease your overall portfolio volatility.