603920 Stock | | | 30.78 0.13 0.42% |
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 Total Stockholder Equity and its Short Long Term Debt 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.
Total Stockholder Equity vs Short Long Term Debt
Total Stockholder Equity vs Short Long Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Olympic Circuit Tech Total Stockholder Equity account and
Short Long Term Debt. At this time, the significance of the direction appears to have strong relationship.
The correlation between Olympic Circuit's Total Stockholder Equity and Short Long Term Debt is 0.73. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Short Long Term Debt 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 Total Stockholder Equity and Short Long Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Stockholder Equity of Olympic Circuit Technology are associated (or correlated) with its Short Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Long Term Debt has no effect on the direction of Total Stockholder Equity i.e., Olympic Circuit's Total Stockholder Equity and Short Long Term Debt go up and down completely randomly.
Correlation Coefficient | 0.73 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.
Short Long Term Debt
The total of a company's short-term and long-term borrowings.
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 20, 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
Click cells to compare fundamentals
Olympic Circuit Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Olympic Circuit fundamental ratios Accounts
Currently Active Assets on Macroaxis
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.