| 002273 Stock | | | 20.70 0.16 0.77% |
Zhejiang Crystal financial indicator trend analysis is more than just analyzing Zhejiang Crystal Optech current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zhejiang Crystal Optech is a good investment. Please check the relationship between Zhejiang Crystal Total Assets and its Short Term Debt accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Zhejiang Crystal Optech. 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.
Total Assets vs Short Term Debt
Total Assets vs Short Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Zhejiang Crystal Optech Total Assets account and
Short Term Debt. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Zhejiang Crystal's Total Assets and Short Term Debt is 0.58. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Short Term Debt in the same time period over historical financial statements of Zhejiang Crystal Optech, assuming nothing else is changed. The correlation between historical values of Zhejiang Crystal's Total Assets and Short Term 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 Total Assets of Zhejiang Crystal Optech are associated (or correlated) with its Short Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Debt has no effect on the direction of Total Assets i.e., Zhejiang Crystal's Total Assets and Short Term Debt go up and down completely randomly.
Correlation Coefficient | 0.58 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Total Assets
Total assets refers to the total amount of Zhejiang Crystal assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Zhejiang Crystal Optech books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Short Term Debt
Most indicators from Zhejiang Crystal's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zhejiang Crystal Optech 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 Zhejiang Crystal Optech. 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
Selling General Administrative is expected to grow to about 284.2
M, whereas
Tax Provision is forecasted to decline to about 36.5
M.
Zhejiang Crystal fundamental ratios Correlations
Click cells to compare fundamentals
Zhejiang Crystal Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Zhejiang Crystal fundamental ratios Accounts
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Other Information on Investing in Zhejiang Stock
Balance Sheet is a snapshot of the
financial position of Zhejiang Crystal Optech at a specified time, usually calculated after every quarter, six months, or one year. Zhejiang Crystal Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Zhejiang Crystal 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 Zhejiang currently owns. An asset can also be divided into two categories, current and non-current.