Ningxia Non Current Assets Total vs Total Current Liabilities Analysis
300967 Stock | 13.59 0.57 4.03% |
Ningxia Xiaoming financial indicator trend analysis is infinitely more than just investigating Ningxia Xiaoming Agr recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ningxia Xiaoming Agr is a good investment. Please check the relationship between Ningxia Xiaoming Non Current Assets Total and its Total Current Liabilities accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ningxia Xiaoming Agriculture. 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 Assets Total vs Total Current Liabilities
Non Current Assets Total vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ningxia Xiaoming Agr Non Current Assets Total account and Total Current Liabilities. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Ningxia Xiaoming's Non Current Assets Total and Total Current Liabilities is 0.94. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Ningxia Xiaoming Agriculture, assuming nothing else is changed. The correlation between historical values of Ningxia Xiaoming's Non Current Assets Total and Total Current Liabilities 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 Assets Total of Ningxia Xiaoming Agriculture are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Non Current Assets Total i.e., Ningxia Xiaoming's Non Current Assets Total and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | 0.94 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Non Current Assets Total
The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.Total Current Liabilities
Total Current Liabilities is an item on Ningxia Xiaoming balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Ningxia Xiaoming Agriculture are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Most indicators from Ningxia Xiaoming's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ningxia Xiaoming Agr 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 Ningxia Xiaoming Agriculture. 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. Tax Provision is expected to grow at the current pace this year, whereas Selling General Administrative is forecasted to decline to about 37.7 M.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 7.4M | 10.0M | 31.6M | 33.2M | Interest Income | 1.8M | 2.6M | 2.6M | 2.8M |
Ningxia Xiaoming fundamental ratios Correlations
Click cells to compare fundamentals
Ningxia Xiaoming Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Also Currently Popular
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.Other Information on Investing in Ningxia Stock
Balance Sheet is a snapshot of the financial position of Ningxia Xiaoming Agr at a specified time, usually calculated after every quarter, six months, or one year. Ningxia Xiaoming Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Ningxia Xiaoming 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 Ningxia currently owns. An asset can also be divided into two categories, current and non-current.