Sailun Jinyu financial indicator trend analysis is much more than just breaking down Sailun Jinyu Group prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sailun Jinyu Group is a good investment. Please check the relationship between Sailun Jinyu Other Liab and its Cash accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Sailun Jinyu Group. 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.
Other Liab vs Cash
Other Liab vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sailun Jinyu Group Other Liab account and Cash. At this time, the significance of the direction appears to have strong relationship.
The correlation between Sailun Jinyu's Other Liab and Cash is 0.65. Overlapping area represents the amount of variation of Other Liab that can explain the historical movement of Cash in the same time period over historical financial statements of Sailun Jinyu Group, assuming nothing else is changed. The correlation between historical values of Sailun Jinyu's Other Liab 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 Other Liab of Sailun Jinyu Group 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 Other Liab i.e., Sailun Jinyu's Other Liab and Cash go up and down completely randomly.
Cash refers to the most liquid asset of Sailun Jinyu Group, which is listed under current asset account on Sailun Jinyu Group balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Sailun Jinyu customers. The amounts must be unrestricted with restricted cash listed in a different Sailun Jinyu 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 Sailun Jinyu's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sailun Jinyu Group 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 Sailun Jinyu Group. 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.
Balance Sheet is a snapshot of the financial position of Sailun Jinyu Group at a specified time, usually calculated after every quarter, six months, or one year. Sailun Jinyu Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Sailun Jinyu 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 Sailun currently owns. An asset can also be divided into two categories, current and non-current.