000059 Stock | | | 5.23 0.17 3.15% |
North Huajin financial indicator trend analysis is infinitely more than just investigating North Huajin Chemical recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether North Huajin Chemical is a good investment. Please check the relationship between North Huajin Short Term Debt and its Total Stockholder Equity accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in North Huajin Chemical. 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.
Short Term Debt vs Total Stockholder Equity
Short Term Debt vs Total Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
North Huajin Chemical Short Term Debt account and
Total Stockholder Equity. At this time, the significance of the direction appears to have strong relationship.
The correlation between North Huajin's Short Term Debt and Total Stockholder Equity is 0.61. Overlapping area represents the amount of variation of Short Term Debt that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of North Huajin Chemical, assuming nothing else is changed. The correlation between historical values of North Huajin's Short Term Debt and Total Stockholder Equity 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 Debt of North Huajin Chemical are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Short Term Debt i.e., North Huajin's Short Term Debt and Total Stockholder Equity go up and down completely randomly.
Correlation Coefficient | 0.61 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Short Term Debt
Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.
Most indicators from North Huajin's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into North Huajin Chemical 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 North Huajin Chemical. 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 784.2
M, whereas
Tax Provision is forecasted to decline to about 68
M.
North Huajin fundamental ratios Correlations
Click cells to compare fundamentals
North Huajin Account Relationship Matchups
High Positive Relationship
High Negative Relationship
North Huajin fundamental ratios Accounts
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Other Information on Investing in North Stock
Balance Sheet is a snapshot of the
financial position of North Huajin Chemical at a specified time, usually calculated after every quarter, six months, or one year. North Huajin Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of North Huajin 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 North currently owns. An asset can also be divided into two categories, current and non-current.