601865 Stock | | | 18.04 1.16 6.04% |
Flat Glass financial indicator trend analysis is much more than just examining Flat Glass Group latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Flat Glass Group is a good investment. Please check the relationship between Flat Glass Other Stockholder Equity and its Non Current Liabilities Total accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Flat Glass 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.
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Flat Glass Group Other Stockholder Equity account and
Non Current Liabilities Total. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Flat Glass' Other Stockholder Equity and Non Current Liabilities Total is 0.98. Overlapping area represents the amount of variation of Other Stockholder Equity that can explain the historical movement of Non Current Liabilities Total in the same time period over historical financial statements of Flat Glass Group, assuming nothing else is changed. The correlation between historical values of Flat Glass' Other Stockholder Equity and Non Current Liabilities Total 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 Stockholder Equity of Flat Glass Group are associated (or correlated) with its Non Current Liabilities Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Total has no effect on the direction of Other Stockholder Equity i.e., Flat Glass' Other Stockholder Equity and Non Current Liabilities Total go up and down completely randomly.
Correlation Coefficient | 0.98 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Most indicators from Flat Glass' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Flat Glass 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 Flat Glass 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.
At present, Flat Glass'
Selling General Administrative is projected to decrease significantly based on the last few years of reporting. The current year's
Issuance Of Capital Stock is expected to grow to about 7.3
B, whereas
Tax Provision is forecasted to decline to about 168.4
M.
Balance Sheet is a snapshot of the
financial position of Flat Glass Group at a specified time, usually calculated after every quarter, six months, or one year. Flat Glass Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Flat Glass 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 Flat currently owns. An asset can also be divided into two categories, current and non-current.