| CHEMBOND | | | 607.10 20.20 3.44% |
Chembond Chemicals financial indicator trend analysis is way more than just evaluating Chembond Chemicals prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Chembond Chemicals is a good investment. Please check the relationship between Chembond Chemicals Short Term Investments and its Total Current Liabilities accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Chembond Chemicals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of labor statistics.
Short Term Investments vs Total Current Liabilities
Short Term Investments vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Chembond Chemicals Short Term Investments account and
Total Current Liabilities. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Chembond Chemicals' Short Term Investments and Total Current Liabilities is -0.19. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Chembond Chemicals, assuming nothing else is changed. The correlation between historical values of Chembond Chemicals' Short Term Investments 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 Short Term Investments of Chembond Chemicals 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 Short Term Investments i.e., Chembond Chemicals' Short Term Investments and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | -0.19 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Short Term Investments
Short Term Investments is an item under the current assets section of Chembond Chemicals balance sheet. It contains any investments Chembond Chemicals undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Chembond Chemicals can easily liquidate in the marketplace.
Total Current Liabilities
Total Current Liabilities is an item on Chembond Chemicals balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Chembond Chemicals 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 Chembond Chemicals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Chembond Chemicals 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 Chembond Chemicals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of labor statistics.
As of the 20th of December 2024,
Selling General Administrative is likely to grow to about 824.9
M, while
Tax Provision is likely to drop about 87.6
M.
Chembond Chemicals fundamental ratios Correlations
Click cells to compare fundamentals
Chembond Chemicals Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Chembond Chemicals fundamental ratios Accounts
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Other Information on Investing in Chembond Stock
Balance Sheet is a snapshot of the
financial position of Chembond Chemicals at a specified time, usually calculated after every quarter, six months, or one year. Chembond Chemicals Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Chembond Chemicals 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 Chembond currently owns. An asset can also be divided into two categories, current and non-current.