000933 Stock | | | 17.28 0.22 1.26% |
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 Non Current Liabilities Total and its Property Plant And Equipment Net 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.
Non Current Liabilities Total vs Property Plant And Equipment Net
Non Current Liabilities Total vs Property Plant And Equipment Net Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Henan Shenhuo Coal Non Current Liabilities Total account and
Property Plant And Equipment Net. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Henan Shenhuo's Non Current Liabilities Total and Property Plant And Equipment Net is 0.85. Overlapping area represents the amount of variation of Non Current Liabilities Total that can explain the historical movement of Property Plant And Equipment Net 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 Non Current Liabilities Total and Property Plant And Equipment Net is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Liabilities Total of Henan Shenhuo Coal are associated (or correlated) with its Property Plant And Equipment Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Net has no effect on the direction of Non Current Liabilities Total i.e., Henan Shenhuo's Non Current Liabilities Total and Property Plant And Equipment Net go up and down completely randomly.
Correlation Coefficient | 0.85 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Non Current Liabilities Total
Property Plant And Equipment Net
The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.
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.
Henan Shenhuo fundamental ratios Correlations
Click cells to compare fundamentals
Henan Shenhuo Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Henan Shenhuo fundamental ratios Accounts
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Other Information on Investing in Henan Stock
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.