| 000635 Stock | | | 8.27 0.05 0.60% |
Ningxia Younglight financial indicator trend analysis is infinitely more than just investigating Ningxia Younglight recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ningxia Younglight is a good investment. Please check the relationship between Ningxia Younglight Short Term Investments and its Total Current Liabilities accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Ningxia Younglight Chemicals. 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 Investments vs Total Current Liabilities
Short Term Investments vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Ningxia Younglight Short Term Investments account and
Total Current Liabilities. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Ningxia Younglight's Short Term Investments and Total Current Liabilities is -0.18. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Ningxia Younglight Chemicals, assuming nothing else is changed. The correlation between historical values of Ningxia Younglight's Short Term Investments and Total Current Liabilities 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 Investments of Ningxia Younglight Chemicals are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Short Term Investments i.e., Ningxia Younglight's Short Term Investments and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | -0.18 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Short Term Investments
Short Term Investments is an item under the current assets section of Ningxia Younglight balance sheet. It contains any investments Ningxia Younglight Chemicals undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Ningxia Younglight can easily liquidate in the marketplace.
Total Current Liabilities
Total Current Liabilities is an item on Ningxia Younglight balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Ningxia Younglight Chemicals are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
Most indicators from Ningxia Younglight's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ningxia Younglight 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 Ningxia Younglight Chemicals. 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
Tax Provision is expected to grow to about 62.1
M, whereas
Selling General Administrative is forecasted to decline to about 33
M.
Ningxia Younglight fundamental ratios Correlations
Click cells to compare fundamentals
Ningxia Younglight Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Ningxia Younglight fundamental ratios Accounts
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Other Information on Investing in Ningxia Stock
Balance Sheet is a snapshot of the
financial position of Ningxia Younglight at a specified time, usually calculated after every quarter, six months, or one year. Ningxia Younglight Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Ningxia Younglight 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 Ningxia currently owns. An asset can also be divided into two categories, current and non-current.