| 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 Short Term Investments and its Total Current Liabilities 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.
Short Term Investments vs Total Current Liabilities
Short Term Investments vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Chengdu B ray Short Term Investments account and
Total Current Liabilities. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Chengdu B's Short Term Investments and Total Current Liabilities is 0.48. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Total Current Liabilities 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 Short Term Investments 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 Short Term Investments of Chengdu B ray Media 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 Short Term Investments i.e., Chengdu B's Short Term Investments and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | 0.48 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Short Term Investments
Short Term Investments is an item under the current assets section of Chengdu B balance sheet. It contains any investments Chengdu B ray Media undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Chengdu B ray can easily liquidate in the marketplace.
Total Current Liabilities
Total Current Liabilities is an item on Chengdu B balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Chengdu B ray 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.
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.