| 000622 Stock | | | 2.60 0.10 3.70% |
Hengli Industrial financial indicator trend analysis is much more than just examining Hengli Industrial latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hengli Industrial is a good investment. Please check the relationship between Hengli Industrial Capital Expenditures and its Free Cash Flow accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Hengli Industrial Development. 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.
Capital Expenditures vs Free Cash Flow
Capital Expenditures vs Free Cash Flow Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Hengli Industrial Capital Expenditures account and
Free Cash Flow. At this time, the significance of the direction appears to have very week relationship.
The correlation between Hengli Industrial's Capital Expenditures and Free Cash Flow is 0.21. Overlapping area represents the amount of variation of Capital Expenditures that can explain the historical movement of Free Cash Flow in the same time period over historical financial statements of Hengli Industrial Development, assuming nothing else is changed. The correlation between historical values of Hengli Industrial's Capital Expenditures and Free Cash Flow is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Expenditures of Hengli Industrial Development are associated (or correlated) with its Free Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow has no effect on the direction of Capital Expenditures i.e., Hengli Industrial's Capital Expenditures and Free Cash Flow go up and down completely randomly.
Correlation Coefficient | 0.21 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Capital Expenditures
Capital Expenditures are funds used by Hengli Industrial to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Hengli Industrial operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.
Free Cash Flow
The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.
Most indicators from Hengli Industrial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hengli Industrial 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 Hengli Industrial Development. 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 March 2, 2025,
Selling General Administrative is expected to decline to about 4.5
M. The current year's
Tax Provision is expected to grow to about (731.8
K)
Hengli Industrial fundamental ratios Correlations
Click cells to compare fundamentals
Hengli Industrial Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Hengli Industrial fundamental ratios Accounts
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Other Information on Investing in Hengli Stock
Balance Sheet is a snapshot of the
financial position of Hengli Industrial at a specified time, usually calculated after every quarter, six months, or one year. Hengli Industrial Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Hengli Industrial 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 Hengli currently owns. An asset can also be divided into two categories, current and non-current.