Shuhua Accounts Payable vs Total Liab Analysis
| 605299 Stock | 8.02 0.54 6.31% |
Shuhua Sports financial indicator trend analysis is much more than just breaking down Shuhua Sports prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shuhua Sports is a good investment. Please check the relationship between Shuhua Sports Accounts Payable and its Total Liab accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Shuhua Sports Co. 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.
Accounts Payable vs Total Liab
Accounts Payable vs Total Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shuhua Sports Accounts Payable account and Total Liab. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Shuhua Sports' Accounts Payable and Total Liab is -0.49. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Total Liab in the same time period over historical financial statements of Shuhua Sports Co, assuming nothing else is changed. The correlation between historical values of Shuhua Sports' Accounts Payable and Total 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 Accounts Payable of Shuhua Sports Co are associated (or correlated) with its Total Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Liab has no effect on the direction of Accounts Payable i.e., Shuhua Sports' Accounts Payable and Total Liab go up and down completely randomly.
Correlation Coefficient | -0.49 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Accounts Payable
An accounting item on the balance sheet that represents Shuhua Sports obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Shuhua Sports are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.Most indicators from Shuhua Sports' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shuhua Sports 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 Shuhua Sports Co. 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 24, 2024, Tax Provision is expected to decline to about 28 M. In addition to that, Selling General Administrative is expected to decline to about 135 M
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 4.3M | 5.4M | 3.3M | 6.3M | Interest Income | 1.1M | 1.5M | 1.5M | 1.2M |
Shuhua Sports fundamental ratios Correlations
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Shuhua Sports Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Other Information on Investing in Shuhua Stock
Balance Sheet is a snapshot of the financial position of Shuhua Sports at a specified time, usually calculated after every quarter, six months, or one year. Shuhua Sports Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Shuhua Sports 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 Shuhua currently owns. An asset can also be divided into two categories, current and non-current.