000069 Stock | | | 2.92 0.01 0.34% |
Shenzhen Overseas financial indicator trend analysis is much more than just breaking down Shenzhen Overseas Chinese prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shenzhen Overseas Chinese is a good investment. Please check the relationship between Shenzhen Overseas Long Term Debt and its Accounts Payable accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Shenzhen Overseas Chinese. 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.
Long Term Debt vs Accounts Payable
Long Term Debt vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Shenzhen Overseas Chinese Long Term Debt account and
Accounts Payable. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Shenzhen Overseas' Long Term Debt and Accounts Payable is 0.95. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Shenzhen Overseas Chinese, assuming nothing else is changed. The correlation between historical values of Shenzhen Overseas' Long Term Debt and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of Shenzhen Overseas Chinese are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Long Term Debt i.e., Shenzhen Overseas' Long Term Debt and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 0.95 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Long Term Debt
Long-term debt is a debt that Shenzhen Overseas Chinese has held for over one year. Long-term debt appears on Shenzhen Overseas Chinese balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Shenzhen Overseas Chinese balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.
Accounts Payable
An accounting item on the balance sheet that represents Shenzhen Overseas obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Shenzhen Overseas Chinese are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
Most indicators from Shenzhen Overseas' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shenzhen Overseas Chinese 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 Shenzhen Overseas Chinese. 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.
The current year's
Tax Provision is expected to grow to about 3
B, whereas
Selling General Administrative is forecasted to decline to about 2
B.
Shenzhen Overseas fundamental ratios Correlations
Click cells to compare fundamentals
Shenzhen Overseas Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Shenzhen Overseas fundamental ratios Accounts
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Other Information on Investing in Shenzhen Stock
Balance Sheet is a snapshot of the
financial position of Shenzhen Overseas Chinese at a specified time, usually calculated after every quarter, six months, or one year. Shenzhen Overseas Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Shenzhen Overseas 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 Shenzhen currently owns. An asset can also be divided into two categories, current and non-current.