000063 Stock | | | 37.38 0.42 1.11% |
ZTE Corp financial indicator trend analysis is more than just analyzing ZTE Corp current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ZTE Corp is a good investment. Please check the relationship between ZTE Corp Property Plant And Equipment Net and its Net Debt accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in ZTE 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 nation.
Property Plant And Equipment Net vs Net Debt
Property Plant And Equipment Net vs Net Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
ZTE Corp Property Plant And Equipment Net account and
Net Debt. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between ZTE Corp's Property Plant And Equipment Net and Net Debt is -0.52. Overlapping area represents the amount of variation of Property Plant And Equipment Net that can explain the historical movement of Net Debt in the same time period over historical financial statements of ZTE Corp, assuming nothing else is changed. The correlation between historical values of ZTE Corp's Property Plant And Equipment Net and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant And Equipment Net of ZTE Corp are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Property Plant And Equipment Net i.e., ZTE Corp's Property Plant And Equipment Net and Net Debt go up and down completely randomly.
Correlation Coefficient | -0.52 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Property Plant And Equipment Net
The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.
Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.
Most indicators from ZTE Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ZTE 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
Trending Equities to better understand how to build diversified portfolios, which includes a position in ZTE 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 nation.
As of December 23, 2024,
Selling General Administrative is expected to decline to about 9.7
B. In addition to that,
Tax Provision is expected to decline to about 919.1
MZTE Corp fundamental ratios Correlations
Click cells to compare fundamentals
ZTE Corp Account Relationship Matchups
High Positive Relationship
High Negative Relationship
ZTE Corp fundamental ratios Accounts
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Other Information on Investing in ZTE Stock
Balance Sheet is a snapshot of the
financial position of ZTE Corp at a specified time, usually calculated after every quarter, six months, or one year. ZTE Corp Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of ZTE Corp and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which ZTE currently owns. An asset can also be divided into two categories, current and non-current.