Bank of Nanjing financial indicator trend analysis is way more than just evaluating Bank of Nanjing prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Bank of Nanjing is a good investment. Please check the relationship between Bank of Nanjing Long Term Debt and its Other Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bank of Nanjing. 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.
Long Term Debt vs Other Assets
Long Term Debt vs Other Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Bank of Nanjing Long Term Debt account and Other Assets. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Bank of Nanjing's Long Term Debt and Other Assets is 0.92. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Other Assets in the same time period over historical financial statements of Bank of Nanjing, assuming nothing else is changed. The correlation between historical values of Bank of Nanjing's Long Term Debt and Other 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 Bank of Nanjing are associated (or correlated) with its Other Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Assets has no effect on the direction of Long Term Debt i.e., Bank of Nanjing's Long Term Debt and Other Assets go up and down completely randomly.
Long-term debt is a debt that Bank of Nanjing has held for over one year. Long-term debt appears on Bank of Nanjing 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 Bank of Nanjing 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 Assets
Most indicators from Bank of Nanjing's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Bank of Nanjing 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 Bank of Nanjing. 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.
Balance Sheet is a snapshot of the financial position of Bank of Nanjing at a specified time, usually calculated after every quarter, six months, or one year. Bank of Nanjing Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Bank of Nanjing 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 Bank currently owns. An asset can also be divided into two categories, current and non-current.