002812 Stock | | | 32.95 0.63 1.88% |
Yunnan Chuangxin financial indicator trend analysis is more than just analyzing Yunnan Chuangxin New current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Yunnan Chuangxin New is a good investment. Please check the relationship between Yunnan Chuangxin Other Current Assets and its Long Term Debt accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Yunnan Chuangxin New. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Other Current Assets vs Long Term Debt
Other Current Assets vs Long Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Yunnan Chuangxin New Other Current Assets account and
Long Term Debt. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Yunnan Chuangxin's Other Current Assets and Long Term Debt is 0.82. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of Yunnan Chuangxin New, assuming nothing else is changed. The correlation between historical values of Yunnan Chuangxin's Other Current Assets and Long 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 Other Current Assets of Yunnan Chuangxin New are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Other Current Assets i.e., Yunnan Chuangxin's Other Current Assets and Long Term Debt go up and down completely randomly.
Correlation Coefficient | 0.82 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.
Long Term Debt
Long-term debt is a debt that Yunnan Chuangxin New has held for over one year. Long-term debt appears on Yunnan Chuangxin New balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Yunnan Chuangxin New balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.
Most indicators from Yunnan Chuangxin's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Yunnan Chuangxin New 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 Yunnan Chuangxin New. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
As of December 26, 2024,
Selling General Administrative is expected to decline to about 136.7
M. In addition to that,
Tax Provision is expected to decline to about 230.4
MYunnan Chuangxin fundamental ratios Correlations
Click cells to compare fundamentals
Yunnan Chuangxin Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Yunnan Chuangxin fundamental ratios Accounts
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Other Information on Investing in Yunnan Stock
Balance Sheet is a snapshot of the
financial position of Yunnan Chuangxin New at a specified time, usually calculated after every quarter, six months, or one year. Yunnan Chuangxin Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Yunnan Chuangxin 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 Yunnan currently owns. An asset can also be divided into two categories, current and non-current.