| CNEY Stock | | | USD 0.31 0.03 7.85% |
CN Energy financial indicator trend analysis is way more than just evaluating CN Energy Group prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether CN Energy Group is a good investment. Please check the relationship between CN Energy Current Deferred Revenue and its Long Term Debt accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in CN Energy Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in income.
Current Deferred Revenue vs Long Term Debt
Current Deferred Revenue vs Long Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
CN Energy Group Current Deferred Revenue account and
Long Term Debt. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between CN Energy's Current Deferred Revenue and Long Term Debt is -0.37. Overlapping area represents the amount of variation of Current Deferred Revenue that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of CN Energy Group, assuming nothing else is changed. The correlation between historical values of CN Energy's Current Deferred Revenue and Long Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Current Deferred Revenue of CN Energy Group are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Current Deferred Revenue i.e., CN Energy's Current Deferred Revenue and Long Term Debt go up and down completely randomly.
Correlation Coefficient | -0.37 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Current Deferred Revenue
Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.
Long Term Debt
Long-term debt is a debt that CN Energy Group has held for over one year. Long-term debt appears on CN Energy Group balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on CN Energy Group balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.
Most indicators from CN Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into CN Energy Group 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 CN Energy Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in income.
Selling General Administrative is likely to rise to about 6.9
M in 2024, despite the fact that
Tax Provision is likely to grow to (189.9
K).
CN Energy fundamental ratios Correlations
Click cells to compare fundamentals
CN Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
CN Energy fundamental ratios Accounts
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measure CN Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy CN Energy is operating at the current time. Most of CN Energy's value examination focuses on studying past and present price action to
predict the probability of CN Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CN Energy's price. Additionally, you may evaluate how the addition of CN Energy to your portfolios can decrease your overall portfolio volatility.