| 600131 Stock | | | 20.73 0.07 0.34% |
State Grid financial indicator trend analysis is much more than just breaking down State Grid Informati prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether State Grid Informati is a good investment. Please check the relationship between State Grid Property Plant Equipment and its Total Current Liabilities accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in State Grid InformationCommunication. 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.
Property Plant Equipment vs Total Current Liabilities
Property Plant Equipment vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
State Grid Informati Property Plant Equipment account and
Total Current Liabilities. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between State Grid's Property Plant Equipment and Total Current Liabilities is -0.55. Overlapping area represents the amount of variation of Property Plant Equipment that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of State Grid InformationCommunication, assuming nothing else is changed. The correlation between historical values of State Grid's Property Plant Equipment 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 Property Plant Equipment of State Grid InformationCommunication 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 Property Plant Equipment i.e., State Grid's Property Plant Equipment and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | -0.55 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Property Plant Equipment
Total Current Liabilities
Total Current Liabilities is an item on State Grid balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of State Grid InformationCommunication 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 State Grid's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into State Grid Informati 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 State Grid InformationCommunication. 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 362.2
M, whereas
Tax Provision is forecasted to decline to about 51.8
M.
State Grid fundamental ratios Correlations
Click cells to compare fundamentals
State Grid Account Relationship Matchups
High Positive Relationship
High Negative Relationship
State Grid fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in State Stock
Balance Sheet is a snapshot of the
financial position of State Grid Informati at a specified time, usually calculated after every quarter, six months, or one year. State Grid Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of State Grid 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 State currently owns. An asset can also be divided into two categories, current and non-current.