| 603659 Stock | | | 17.20 0.17 1.00% |
Shanghai Putailai financial indicator trend analysis is much more than just breaking down Shanghai Putailai New prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shanghai Putailai New is a good investment. Please check the relationship between Shanghai Putailai Long Term Debt and its Deferred Long Term Liab accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Shanghai Putailai New. 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 Deferred Long Term Liab
Long Term Debt vs Deferred Long Term Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Shanghai Putailai New Long Term Debt account and
Deferred Long Term Liab. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Shanghai Putailai's Long Term Debt and Deferred Long Term Liab is 0.98. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Deferred Long Term Liab in the same time period over historical financial statements of Shanghai Putailai New, assuming nothing else is changed. The correlation between historical values of Shanghai Putailai's Long Term Debt and Deferred Long Term Liab 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 Shanghai Putailai New are associated (or correlated) with its Deferred Long Term Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Deferred Long Term Liab has no effect on the direction of Long Term Debt i.e., Shanghai Putailai's Long Term Debt and Deferred Long Term Liab go up and down completely randomly.
Correlation Coefficient | 0.98 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Long Term Debt
Long-term debt is a debt that Shanghai Putailai New has held for over one year. Long-term debt appears on Shanghai Putailai New 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 Shanghai Putailai New 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.
Deferred Long Term Liab
Liabilities that are due after more than one year, including deferred tax liabilities and deferred revenue.
Most indicators from Shanghai Putailai's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shanghai Putailai New 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 Shanghai Putailai New. 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.
As of December 22, 2024,
Selling General Administrative is expected to decline to about 204.5
M. In addition to that,
Tax Provision is expected to decline to about 163.7
MShanghai Putailai fundamental ratios Correlations
Click cells to compare fundamentals
Shanghai Putailai Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Shanghai Putailai fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Shanghai Stock
Balance Sheet is a snapshot of the
financial position of Shanghai Putailai New at a specified time, usually calculated after every quarter, six months, or one year. Shanghai Putailai Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Shanghai Putailai 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 Shanghai currently owns. An asset can also be divided into two categories, current and non-current.