Guobo Net Debt vs Cash Analysis
| 688375 Stock | 48.24 0.75 1.58% |
Guobo Electronics financial indicator trend analysis is much more than just examining Guobo Electronics latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Guobo Electronics is a good investment. Please check the relationship between Guobo Electronics Net Debt and its Cash accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Guobo Electronics 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.
Net Debt vs Cash
Net Debt vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Guobo Electronics Net Debt account and Cash. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Guobo Electronics' Net Debt and Cash is -0.59. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Cash in the same time period over historical financial statements of Guobo Electronics Co, assuming nothing else is changed. The correlation between historical values of Guobo Electronics' Net Debt and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Guobo Electronics Co are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Net Debt i.e., Guobo Electronics' Net Debt and Cash go up and down completely randomly.
Correlation Coefficient | -0.59 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.Cash
Cash refers to the most liquid asset of Guobo Electronics, which is listed under current asset account on Guobo Electronics Co balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Guobo Electronics customers. The amounts must be unrestricted with restricted cash listed in a different Guobo Electronics account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.Most indicators from Guobo Electronics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Guobo Electronics 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 Guobo Electronics 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 21, 2024, Tax Provision is expected to decline to about 34.6 M. In addition to that, Selling General Administrative is expected to decline to about 26.6 M
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 14.9M | 9.0M | 6.7M | 8.4M | Interest Income | 1.8M | 12.0M | 28.7M | 30.1M |
Guobo Electronics fundamental ratios Correlations
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Guobo Electronics Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Other Information on Investing in Guobo Stock
Balance Sheet is a snapshot of the financial position of Guobo Electronics at a specified time, usually calculated after every quarter, six months, or one year. Guobo Electronics Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Guobo Electronics 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 Guobo currently owns. An asset can also be divided into two categories, current and non-current.