000820 Stock | | | 3.75 0.06 1.57% |
Shenwu Energy financial indicator trend analysis is much more than just breaking down Shenwu Energy Saving prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shenwu Energy Saving is a good investment. Please check the relationship between Shenwu Energy Other Stockholder Equity and its Net Debt accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Shenwu Energy Saving. 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.
Other Stockholder Equity vs Net Debt
Other Stockholder Equity vs Net Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Shenwu Energy Saving Other Stockholder Equity account and
Net Debt. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Shenwu Energy's Other Stockholder Equity and Net Debt is -0.62. Overlapping area represents the amount of variation of Other Stockholder Equity that can explain the historical movement of Net Debt in the same time period over historical financial statements of Shenwu Energy Saving, assuming nothing else is changed. The correlation between historical values of Shenwu Energy's Other Stockholder Equity 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 Other Stockholder Equity of Shenwu Energy Saving 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 Other Stockholder Equity i.e., Shenwu Energy's Other Stockholder Equity and Net Debt go up and down completely randomly.
Correlation Coefficient | -0.62 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Other Stockholder Equity
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 Shenwu Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shenwu Energy Saving 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 Shenwu Energy Saving. 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 4, 2024,
Selling General Administrative is expected to decline to about 9.3
M. In addition to that,
Tax Provision is expected to decline to about 1.7
MShenwu Energy fundamental ratios Correlations
Click cells to compare fundamentals
Shenwu Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Shenwu Energy fundamental ratios Accounts
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Other Information on Investing in Shenwu Stock
Balance Sheet is a snapshot of the
financial position of Shenwu Energy Saving at a specified time, usually calculated after every quarter, six months, or one year. Shenwu Energy Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Shenwu Energy 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 Shenwu currently owns. An asset can also be divided into two categories, current and non-current.