| 688737 Stock | | | 23.87 0.56 2.40% |
Sinocat Environmental financial indicator trend analysis is much more than just breaking down Sinocat Environmental prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sinocat Environmental is a good investment. Please check the relationship between Sinocat Environmental Non Current Assets Total and its Total Current Liabilities accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Sinocat Environmental 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.
Non Current Assets Total vs Total Current Liabilities
Non Current Assets Total vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Sinocat Environmental Non Current Assets Total account and
Total Current Liabilities. At this time, the significance of the direction appears to have very week relationship.
The correlation between Sinocat Environmental's Non Current Assets Total and Total Current Liabilities is 0.22. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Sinocat Environmental Technology, assuming nothing else is changed. The correlation between historical values of Sinocat Environmental's Non Current Assets Total and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Assets Total of Sinocat Environmental Technology are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Non Current Assets Total i.e., Sinocat Environmental's Non Current Assets Total and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | 0.22 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Non Current Assets Total
The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.
Total Current Liabilities
Total Current Liabilities is an item on Sinocat Environmental balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Sinocat Environmental Technology are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
Most indicators from Sinocat Environmental's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sinocat Environmental 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 Sinocat Environmental 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.
The current year's
Selling General Administrative is expected to grow to about 59.7
M, whereas
Tax Provision is projected to grow to (5.3
M).
Sinocat Environmental fundamental ratios Correlations
Click cells to compare fundamentals
Sinocat Environmental Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Sinocat Environmental fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Sinocat Stock
Balance Sheet is a snapshot of the
financial position of Sinocat Environmental at a specified time, usually calculated after every quarter, six months, or one year. Sinocat Environmental Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Sinocat Environmental 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 Sinocat currently owns. An asset can also be divided into two categories, current and non-current.