Zhongyin Short Long Term Debt vs Net Working Capital Analysis
605338 Stock | 18.41 0.54 3.02% |
Zhongyin Babi financial indicator trend analysis is more than just analyzing Zhongyin Babi Food current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zhongyin Babi Food is a good investment. Please check the relationship between Zhongyin Babi Short Long Term Debt and its Net Working Capital accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Zhongyin Babi Food. 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.
Short Long Term Debt vs Net Working Capital
Short Long Term Debt vs Net Working Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zhongyin Babi Food Short Long Term Debt account and Net Working Capital. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Zhongyin Babi's Short Long Term Debt and Net Working Capital is -0.46. Overlapping area represents the amount of variation of Short Long Term Debt that can explain the historical movement of Net Working Capital in the same time period over historical financial statements of Zhongyin Babi Food, assuming nothing else is changed. The correlation between historical values of Zhongyin Babi's Short Long Term Debt and Net Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Long Term Debt of Zhongyin Babi Food are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Short Long Term Debt i.e., Zhongyin Babi's Short Long Term Debt and Net Working Capital go up and down completely randomly.
Correlation Coefficient | -0.46 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Short Long Term Debt
The total of a company's short-term and long-term borrowings.Net Working Capital
Most indicators from Zhongyin Babi's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zhongyin Babi Food 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 Zhongyin Babi Food. 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 77.8 M, whereas Selling General Administrative is forecasted to decline to about 110.8 M.
2021 | 2022 | 2023 | 2024 (projected) | Net Interest Income | 40.5M | 31.9M | 37.5M | 32.6M | Tax Provision | 104.9M | 69.7M | 66.7M | 77.8M |
Zhongyin Babi fundamental ratios Correlations
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Zhongyin Babi Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Currently Active Assets on Macroaxis
Other Information on Investing in Zhongyin Stock
Balance Sheet is a snapshot of the financial position of Zhongyin Babi Food at a specified time, usually calculated after every quarter, six months, or one year. Zhongyin Babi Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Zhongyin Babi 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 Zhongyin currently owns. An asset can also be divided into two categories, current and non-current.