| 600202 Stock | | | 5.16 0.02 0.39% |
Harbin Air financial indicator trend analysis is much more than just examining Harbin Air Conditioning latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Harbin Air Conditioning is a good investment. Please check the relationship between Harbin Air Short Term Investments and its Long Term Debt accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Harbin Air Conditioning. 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.
Short Term Investments vs Long Term Debt
Short Term Investments vs Long Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Harbin Air Conditioning Short Term Investments account and
Long Term Debt. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Harbin Air's Short Term Investments and Long Term Debt is -0.54. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of Harbin Air Conditioning, assuming nothing else is changed. The correlation between historical values of Harbin Air's Short Term Investments 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 Short Term Investments of Harbin Air Conditioning 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 Short Term Investments i.e., Harbin Air's Short Term Investments and Long Term Debt go up and down completely randomly.
Correlation Coefficient | -0.54 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Short Term Investments
Short Term Investments is an item under the current assets section of Harbin Air balance sheet. It contains any investments Harbin Air Conditioning undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Harbin Air Conditioning can easily liquidate in the marketplace.
Long Term Debt
Long-term debt is a debt that Harbin Air Conditioning has held for over one year. Long-term debt appears on Harbin Air Conditioning 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 Harbin Air Conditioning 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 Harbin Air's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Harbin Air Conditioning 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 Harbin Air Conditioning. 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
Selling General Administrative is expected to grow to about 60.1
M, whereas
Tax Provision is forecasted to decline to (482.9
K).
Harbin Air fundamental ratios Correlations
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Harbin Air Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Harbin Air fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Harbin Stock
Balance Sheet is a snapshot of the
financial position of Harbin Air Conditioning at a specified time, usually calculated after every quarter, six months, or one year. Harbin Air Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Harbin Air 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 Harbin currently owns. An asset can also be divided into two categories, current and non-current.