Henan Shenhuo financial indicator trend analysis is much more than just examining Henan Shenhuo Coal latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Henan Shenhuo Coal is a good investment. Please check the relationship between Henan Shenhuo Net Debt and its Other Stockholder Equity accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Henan Shenhuo Coal. 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.
Net Debt vs Other Stockholder Equity
Net Debt vs Other Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Henan Shenhuo Coal Net Debt account and Other Stockholder Equity. At this time, the significance of the direction appears to have strong relationship.
The correlation between Henan Shenhuo's Net Debt and Other Stockholder Equity is 0.77. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Other Stockholder Equity in the same time period over historical financial statements of Henan Shenhuo Coal, assuming nothing else is changed. The correlation between historical values of Henan Shenhuo's Net Debt and Other Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Henan Shenhuo Coal are associated (or correlated) with its Other Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Stockholder Equity has no effect on the direction of Net Debt i.e., Henan Shenhuo's Net Debt and Other Stockholder Equity go up and down completely randomly.
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.
Other Stockholder Equity
Most indicators from Henan Shenhuo's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Henan Shenhuo Coal 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 Henan Shenhuo Coal. 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.
At present, Henan Shenhuo's Selling General Administrative is projected to decrease significantly based on the last few years of reporting. The current year's Discontinued Operations is expected to grow to about 511.7 M, whereas Tax Provision is forecasted to decline to about 1.1 B.
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.
Balance Sheet is a snapshot of the financial position of Henan Shenhuo Coal at a specified time, usually calculated after every quarter, six months, or one year. Henan Shenhuo Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Henan Shenhuo 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 Henan currently owns. An asset can also be divided into two categories, current and non-current.