000504 Stock | | | 10.27 0.02 0.20% |
Nanhua Bio financial indicator trend analysis is infinitely more than just investigating Nanhua Bio Medicine recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nanhua Bio Medicine is a good investment. Please check the relationship between Nanhua Bio Non Current Liabilities Total and its Deferred Long Term Liab accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Nanhua Bio Medicine. 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.
Non Current Liabilities Total vs Deferred Long Term Liab
Non Current Liabilities Total vs Deferred Long Term Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Nanhua Bio Medicine Non Current Liabilities Total account and
Deferred Long Term Liab. At this time, the significance of the direction appears to have strong relationship.
The correlation between Nanhua Bio's Non Current Liabilities Total and Deferred Long Term Liab is 0.65. Overlapping area represents the amount of variation of Non Current Liabilities Total that can explain the historical movement of Deferred Long Term Liab in the same time period over historical financial statements of Nanhua Bio Medicine, assuming nothing else is changed. The correlation between historical values of Nanhua Bio's Non Current Liabilities Total and Deferred Long Term 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 Non Current Liabilities Total of Nanhua Bio Medicine are associated (or correlated) with its Deferred Long Term Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Deferred Long Term Liab has no effect on the direction of Non Current Liabilities Total i.e., Nanhua Bio's Non Current Liabilities Total and Deferred Long Term Liab go up and down completely randomly.
Correlation Coefficient | 0.65 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Non Current Liabilities Total
Deferred Long Term Liab
Liabilities that are due after more than one year, including deferred tax liabilities and deferred revenue.
Most indicators from Nanhua Bio's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nanhua Bio Medicine 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 Nanhua Bio Medicine. 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.
The current year's
Tax Provision is expected to grow to about 3.2
M, whereas
Selling General Administrative is forecasted to decline to about 43
M.
Nanhua Bio fundamental ratios Correlations
Click cells to compare fundamentals
Nanhua Bio Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Nanhua Bio fundamental ratios Accounts
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Other Information on Investing in Nanhua Stock
Balance Sheet is a snapshot of the
financial position of Nanhua Bio Medicine at a specified time, usually calculated after every quarter, six months, or one year. Nanhua Bio Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Nanhua Bio 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 Nanhua currently owns. An asset can also be divided into two categories, current and non-current.