State Gas financial indicator trend analysis is much more than just breaking down State Gas prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether State Gas is a good investment. Please check the relationship between State Gas Net Debt and its Non Current Assets Total accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in State Gas. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Net Debt vs Non Current Assets Total
Net Debt vs Non Current Assets Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
State Gas Net Debt account and
Non Current Assets Total. At this time, the significance of the direction appears to have almost identical trend.
The correlation between State Gas' Net Debt and Non Current Assets Total is 0.91. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of State Gas, assuming nothing else is changed. The correlation between historical values of State Gas' Net Debt and Non Current Assets Total 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 State Gas are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Net Debt i.e., State Gas' Net Debt and Non Current Assets Total go up and down completely randomly.
Correlation Coefficient | 0.91 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
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.
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.
Most indicators from State Gas' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into State Gas 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
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in State Gas. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Selling General Administrative is likely to gain to about 3.6
M in 2024.
Issuance Of Capital Stock is likely to gain to about 8.2
M in 2024
State Gas fundamental ratios Correlations
Click cells to compare fundamentals
State Gas Account Relationship Matchups
High Positive Relationship
High Negative Relationship
State Gas fundamental ratios Accounts
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Additional Tools for State Stock Analysis
When running State Gas' price analysis, check to
measure State Gas' 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 State Gas is operating at the current time. Most of State Gas' value examination focuses on studying past and present price action to
predict the probability of State Gas' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move State Gas' price. Additionally, you may evaluate how the addition of State Gas to your portfolios can decrease your overall portfolio volatility.