000166 Stock | | | 5.41 0.04 0.74% |
Shenwan Hongyuan financial indicator trend analysis is much more than just breaking down Shenwan Hongyuan prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shenwan Hongyuan is a good investment. Please check the relationship between Shenwan Hongyuan Long Term Debt and its Other Current Liab accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Shenwan Hongyuan Group. 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 Other Current Liab
Long Term Debt vs Other Current Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Shenwan Hongyuan Long Term Debt account and
Other Current Liab. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Shenwan Hongyuan's Long Term Debt and Other Current Liab is 0.16. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Other Current Liab in the same time period over historical financial statements of Shenwan Hongyuan Group, assuming nothing else is changed. The correlation between historical values of Shenwan Hongyuan's Long Term Debt and Other Current Liab 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 Shenwan Hongyuan Group are associated (or correlated) with its Other Current Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Liab has no effect on the direction of Long Term Debt i.e., Shenwan Hongyuan's Long Term Debt and Other Current Liab go up and down completely randomly.
Correlation Coefficient | 0.16 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Long Term Debt
Long-term debt is a debt that Shenwan Hongyuan has held for over one year. Long-term debt appears on Shenwan Hongyuan Group 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 Shenwan Hongyuan Group 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.
Other Current Liab
Most indicators from Shenwan Hongyuan's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shenwan Hongyuan 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 Shenwan Hongyuan Group. 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 766.6
M, whereas
Selling General Administrative is forecasted to decline to about 8.6
B.
Shenwan Hongyuan fundamental ratios Correlations
Click cells to compare fundamentals
Shenwan Hongyuan Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Shenwan Hongyuan fundamental ratios Accounts
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.
Other Information on Investing in Shenwan Stock
Balance Sheet is a snapshot of the
financial position of Shenwan Hongyuan at a specified time, usually calculated after every quarter, six months, or one year. Shenwan Hongyuan Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Shenwan Hongyuan 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 Shenwan currently owns. An asset can also be divided into two categories, current and non-current.