Cowealth Long Term Debt vs Non Current Assets Total Analysis

603122 Stock   7.54  0.04  0.53%   
Cowealth Medical financial indicator trend analysis is way more than just evaluating Cowealth Medical China prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cowealth Medical China is a good investment. Please check the relationship between Cowealth Medical Long Term Debt and its Non Current Assets Total accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cowealth Medical China. 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 Non Current Assets Total

Long Term Debt vs Non Current Assets Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cowealth Medical China Long Term Debt account and Non Current Assets Total. At this time, the significance of the direction appears to have pay attention.
The correlation between Cowealth Medical's Long Term Debt and Non Current Assets Total is -0.87. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of Cowealth Medical China, assuming nothing else is changed. The correlation between historical values of Cowealth Medical's Long Term Debt and Non Current Assets 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 Long Term Debt of Cowealth Medical China are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Long Term Debt i.e., Cowealth Medical's Long Term Debt and Non Current Assets Total go up and down completely randomly.

Correlation Coefficient

-0.87
Relationship DirectionNegative 
Relationship StrengthSignificant

Long Term Debt

Long-term debt is a debt that Cowealth Medical China has held for over one year. Long-term debt appears on Cowealth Medical China 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 Cowealth Medical China 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.

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.
Most indicators from Cowealth Medical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cowealth Medical China 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 Cowealth Medical China. 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 current year's Tax Provision is expected to grow to about 20.9 M, whereas Selling General Administrative is forecasted to decline to about 97.7 M.
 2021 2022 2023 2024 (projected)
Interest Expense4.6M4.2M5.9M5.2M
Interest Income4.7M9.1M9.3M6.9M

Cowealth Medical fundamental ratios Correlations

-0.69-0.290.99-0.590.780.950.780.660.73-0.580.980.93-0.670.070.840.5-0.260.99-0.811.00.930.990.670.35-0.92
-0.690.26-0.660.53-0.87-0.64-0.91-0.64-0.730.61-0.77-0.711.0-0.59-0.95-0.580.15-0.690.17-0.66-0.71-0.66-0.53-0.350.8
-0.290.26-0.360.79-0.4-0.050.03-0.69-0.680.6-0.36-0.410.240.3-0.35-0.780.99-0.380.27-0.22-0.41-0.3-0.78-0.690.55
0.99-0.66-0.36-0.580.780.90.70.730.8-0.580.990.96-0.63-0.020.830.6-0.341.0-0.820.970.960.990.690.43-0.94
-0.590.530.79-0.58-0.48-0.38-0.41-0.76-0.660.9-0.61-0.630.530.13-0.55-0.520.76-0.60.5-0.54-0.63-0.53-0.95-0.720.73
0.78-0.87-0.40.78-0.480.760.780.580.79-0.390.850.73-0.870.50.970.77-0.30.81-0.310.760.730.790.480.2-0.84
0.95-0.64-0.050.9-0.380.760.820.390.52-0.340.910.78-0.640.270.80.330.00.9-0.720.970.780.940.420.04-0.77
0.78-0.910.030.7-0.410.780.820.430.51-0.480.790.68-0.920.610.890.290.130.73-0.330.790.680.730.380.1-0.72
0.66-0.64-0.690.73-0.760.580.390.430.94-0.870.740.87-0.58-0.230.660.75-0.690.73-0.530.590.870.660.910.91-0.88
0.73-0.73-0.680.8-0.660.790.520.510.94-0.70.830.88-0.68-0.030.810.91-0.650.82-0.480.670.880.760.80.72-0.93
-0.580.610.6-0.580.9-0.39-0.34-0.48-0.87-0.7-0.62-0.720.580.17-0.55-0.440.59-0.590.48-0.52-0.72-0.52-0.94-0.870.75
0.98-0.77-0.360.99-0.610.850.910.790.740.83-0.620.96-0.750.120.90.62-0.320.99-0.730.970.960.980.70.43-0.96
0.93-0.71-0.410.96-0.630.730.780.680.870.88-0.720.96-0.67-0.080.820.64-0.40.96-0.760.891.00.930.780.63-0.97
-0.671.00.24-0.630.53-0.87-0.64-0.92-0.58-0.680.58-0.75-0.67-0.64-0.94-0.540.12-0.670.14-0.65-0.67-0.63-0.49-0.280.77
0.07-0.590.3-0.020.130.50.270.61-0.23-0.030.170.12-0.08-0.640.480.040.440.030.470.11-0.080.04-0.3-0.48-0.05
0.84-0.95-0.350.83-0.550.970.80.890.660.81-0.550.90.82-0.940.480.69-0.240.86-0.380.820.820.830.570.31-0.9
0.5-0.58-0.780.6-0.520.770.330.290.750.91-0.440.620.64-0.540.040.69-0.720.62-0.240.450.640.560.610.54-0.75
-0.260.150.99-0.340.76-0.30.00.13-0.69-0.650.59-0.32-0.40.120.44-0.24-0.72-0.350.33-0.19-0.4-0.27-0.78-0.730.51
0.99-0.69-0.381.0-0.60.810.90.730.730.82-0.590.990.96-0.670.030.860.62-0.35-0.80.970.960.990.70.42-0.95
-0.810.170.27-0.820.5-0.31-0.72-0.33-0.53-0.480.48-0.73-0.760.140.47-0.38-0.240.33-0.8-0.81-0.76-0.81-0.63-0.40.66
1.0-0.66-0.220.97-0.540.760.970.790.590.67-0.520.970.89-0.650.110.820.45-0.190.97-0.810.890.990.610.27-0.88
0.93-0.71-0.410.96-0.630.730.780.680.870.88-0.720.961.0-0.67-0.080.820.64-0.40.96-0.760.890.930.780.63-0.97
0.99-0.66-0.30.99-0.530.790.940.730.660.76-0.520.980.93-0.630.040.830.56-0.270.99-0.810.990.930.630.34-0.91
0.67-0.53-0.780.69-0.950.480.420.380.910.8-0.940.70.78-0.49-0.30.570.61-0.780.7-0.630.610.780.630.87-0.83
0.35-0.35-0.690.43-0.720.20.040.10.910.72-0.870.430.63-0.28-0.480.310.54-0.730.42-0.40.270.630.340.87-0.62
-0.920.80.55-0.940.73-0.84-0.77-0.72-0.88-0.930.75-0.96-0.970.77-0.05-0.9-0.750.51-0.950.66-0.88-0.97-0.91-0.83-0.62
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Cowealth Medical Account Relationship Matchups

Currently Active Assets on Macroaxis

Other Information on Investing in Cowealth Stock

Balance Sheet is a snapshot of the financial position of Cowealth Medical China at a specified time, usually calculated after every quarter, six months, or one year. Cowealth Medical Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Cowealth Medical 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 Cowealth currently owns. An asset can also be divided into two categories, current and non-current.