000019 Stock | | | 7.19 0.10 1.41% |
Shenzhen Shenbao financial indicator trend analysis is much more than just breaking down Shenzhen Shenbao Ind prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shenzhen Shenbao Ind is a good investment. Please check the relationship between Shenzhen Shenbao Long Term Debt and its Other Liab accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Shenzhen Shenbao Industrial. 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.
Long Term Debt vs Other Liab
Long Term Debt vs Other Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Shenzhen Shenbao Ind Long Term Debt account and
Other Liab. At this time, the significance of the direction appears to have weak relationship.
The correlation between Shenzhen Shenbao's Long Term Debt and Other Liab is 0.34. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Other Liab in the same time period over historical financial statements of Shenzhen Shenbao Industrial, assuming nothing else is changed. The correlation between historical values of Shenzhen Shenbao's Long Term Debt and Other Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of Shenzhen Shenbao Industrial are associated (or correlated) with its Other Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Liab has no effect on the direction of Long Term Debt i.e., Shenzhen Shenbao's Long Term Debt and Other Liab go up and down completely randomly.
Correlation Coefficient | 0.34 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Long Term Debt
Long-term debt is a debt that Shenzhen Shenbao Ind has held for over one year. Long-term debt appears on Shenzhen Shenbao Industrial 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 Shenzhen Shenbao Industrial 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.
Other Liab
Most indicators from Shenzhen Shenbao's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shenzhen Shenbao Ind 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 Shenzhen Shenbao Industrial. 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.
As of December 1, 2024,
Selling General Administrative is expected to decline to about 149.5
M. In addition to that,
Tax Provision is expected to decline to about 47.9
MShenzhen Shenbao fundamental ratios Correlations
Click cells to compare fundamentals
Shenzhen Shenbao Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Shenzhen Shenbao fundamental ratios Accounts
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Other Information on Investing in Shenzhen Stock
Balance Sheet is a snapshot of the
financial position of Shenzhen Shenbao Ind at a specified time, usually calculated after every quarter, six months, or one year. Shenzhen Shenbao Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Shenzhen Shenbao 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 Shenzhen currently owns. An asset can also be divided into two categories, current and non-current.