| 600880 Stock | | | 5.04 0.01 0.20% |
Chengdu B financial indicator trend analysis is way more than just evaluating Chengdu B ray prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Chengdu B ray is a good investment. Please check the relationship between Chengdu B Long Term Debt and its Other Current Assets accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Chengdu B ray 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.
Long Term Debt vs Other Current Assets
Long Term Debt vs Other Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Chengdu B ray Long Term Debt account and
Other Current Assets. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Chengdu B's Long Term Debt and Other Current Assets is -0.38. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Chengdu B ray Media, assuming nothing else is changed. The correlation between historical values of Chengdu B's Long Term Debt and Other Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of Chengdu B ray Media are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Long Term Debt i.e., Chengdu B's Long Term Debt and Other Current Assets go up and down completely randomly.
Correlation Coefficient | -0.38 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Long Term Debt
Long-term debt is a debt that Chengdu B ray has held for over one year. Long-term debt appears on Chengdu B ray Media 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 Chengdu B ray Media 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.
Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.
Most indicators from Chengdu B's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Chengdu B ray 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 Chengdu B ray 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.
At present, Chengdu B's
Discontinued Operations is projected to increase significantly based on the last few years of reporting. The current year's
Tax Provision is expected to grow to about 20.5
M, whereas
Selling General Administrative is forecasted to decline to about 52.5
M.
Chengdu B fundamental ratios Correlations
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Chengdu B Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Chengdu B fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Chengdu Stock
Balance Sheet is a snapshot of the
financial position of Chengdu B ray at a specified time, usually calculated after every quarter, six months, or one year. Chengdu B Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Chengdu B 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 Chengdu currently owns. An asset can also be divided into two categories, current and non-current.