603920 Stock | | | 31.18 1.21 4.04% |
Olympic Circuit financial indicator trend analysis is much more than just breaking down Olympic Circuit Tech prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Olympic Circuit Tech is a good investment. Please check the relationship between Olympic Circuit Long Term Debt and its Non Current Liabilities Other accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Olympic Circuit Technology. 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 Liabilities Other
Long Term Debt vs Non Current Liabilities Other Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Olympic Circuit Tech Long Term Debt account and
Non Current Liabilities Other. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Olympic Circuit's Long Term Debt and Non Current Liabilities Other is -0.7. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Non Current Liabilities Other in the same time period over historical financial statements of Olympic Circuit Technology, assuming nothing else is changed. The correlation between historical values of Olympic Circuit's Long Term Debt and Non Current Liabilities Other 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 Olympic Circuit Technology are associated (or correlated) with its Non Current Liabilities Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Other has no effect on the direction of Long Term Debt i.e., Olympic Circuit's Long Term Debt and Non Current Liabilities Other go up and down completely randomly.
Correlation Coefficient | -0.7 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Long Term Debt
Long-term debt is a debt that Olympic Circuit Tech has held for over one year. Long-term debt appears on Olympic Circuit Technology 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 Olympic Circuit Technology 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 Liabilities Other
Most indicators from Olympic Circuit's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Olympic Circuit Tech 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 Olympic Circuit Technology. 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 29, 2024,
Tax Provision is expected to decline to about 50.6
M. In addition to that,
Selling General Administrative is expected to decline to about 133.3
MOlympic Circuit fundamental ratios Correlations
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Olympic Circuit Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Olympic Circuit fundamental ratios Accounts
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Other Information on Investing in Olympic Stock
Balance Sheet is a snapshot of the
financial position of Olympic Circuit Tech at a specified time, usually calculated after every quarter, six months, or one year. Olympic Circuit Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Olympic Circuit 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 Olympic currently owns. An asset can also be divided into two categories, current and non-current.