Wankai Total Current Liabilities vs Non Currrent Assets Other Analysis
301216 Stock | 10.73 0.03 0.28% |
Wankai New financial indicator trend analysis is more than just analyzing Wankai New Materials current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Wankai New Materials is a good investment. Please check the relationship between Wankai New Total Current Liabilities and its Non Currrent Assets Other accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Wankai New Materials. 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.
Total Current Liabilities vs Non Currrent Assets Other
Total Current Liabilities vs Non Currrent Assets Other Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Wankai New Materials Total Current Liabilities account and Non Currrent Assets Other. At this time, the significance of the direction appears to have strong relationship.
The correlation between Wankai New's Total Current Liabilities and Non Currrent Assets Other is 0.65. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Non Currrent Assets Other in the same time period over historical financial statements of Wankai New Materials, assuming nothing else is changed. The correlation between historical values of Wankai New's Total Current Liabilities and Non Currrent Assets Other 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 Current Liabilities of Wankai New Materials are associated (or correlated) with its Non Currrent Assets Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Currrent Assets Other has no effect on the direction of Total Current Liabilities i.e., Wankai New's Total Current Liabilities and Non Currrent Assets Other go up and down completely randomly.
Correlation Coefficient | 0.65 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Total Current Liabilities
Total Current Liabilities is an item on Wankai New balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Wankai New Materials 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.Non Currrent Assets Other
Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.Most indicators from Wankai New's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Wankai New Materials 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 Wankai New Materials. 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. The current year's Tax Provision is expected to grow to about 117.3 M, whereas Selling General Administrative is forecasted to decline to about 73.9 M.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 90.4M | 141.0M | 101.3M | 139.8M | Interest Income | 4.2M | 40.0M | 70.0M | 54.6M |
Wankai New fundamental ratios Correlations
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Wankai New Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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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 Wankai Stock
Balance Sheet is a snapshot of the financial position of Wankai New Materials at a specified time, usually calculated after every quarter, six months, or one year. Wankai New Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Wankai New 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 Wankai currently owns. An asset can also be divided into two categories, current and non-current.