| 600825 Stock | | | 8.36 0.35 4.02% |
Shanghai Xinhua financial indicator trend analysis is much more than just breaking down Shanghai Xinhua Media prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shanghai Xinhua Media is a good investment. Please check the relationship between Shanghai Xinhua Total Current Liabilities and its Cash accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Shanghai Xinhua Media. 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.
Total Current Liabilities vs Cash
Total Current Liabilities vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Shanghai Xinhua Media Total Current Liabilities account and
Cash. At this time, the significance of the direction appears to have very week relationship.
The correlation between Shanghai Xinhua's Total Current Liabilities and Cash is 0.24. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Cash in the same time period over historical financial statements of Shanghai Xinhua Media, assuming nothing else is changed. The correlation between historical values of Shanghai Xinhua's Total Current Liabilities and Cash 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 Shanghai Xinhua Media are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Total Current Liabilities i.e., Shanghai Xinhua's Total Current Liabilities and Cash go up and down completely randomly.
Correlation Coefficient | 0.24 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Total Current Liabilities
Total Current Liabilities is an item on Shanghai Xinhua balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Shanghai Xinhua Media 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.
Cash
Cash refers to the most liquid asset of Shanghai Xinhua Media, which is listed under current asset account on Shanghai Xinhua Media balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Shanghai Xinhua customers. The amounts must be unrestricted with restricted cash listed in a different Shanghai Xinhua account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Most indicators from Shanghai Xinhua's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shanghai Xinhua Media 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 Shanghai Xinhua Media. 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 364.1
M, whereas
Tax Provision is forecasted to decline to about 4.5
M.
Shanghai Xinhua fundamental ratios Correlations
Click cells to compare fundamentals
Shanghai Xinhua Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Shanghai Xinhua fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Shanghai Stock
Balance Sheet is a snapshot of the
financial position of Shanghai Xinhua Media at a specified time, usually calculated after every quarter, six months, or one year. Shanghai Xinhua Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Shanghai Xinhua 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 Shanghai currently owns. An asset can also be divided into two categories, current and non-current.