000983 Stock | | | 8.27 0.27 3.16% |
Shanxi Xishan financial indicator trend analysis is much more than just breaking down Shanxi Xishan Coal prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shanxi Xishan Coal is a good investment. Please check the relationship between Shanxi Xishan Total Liab and its Long Term Debt accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Shanxi Xishan Coal. 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.
Total Liab vs Long Term Debt
Total Liab vs Long Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Shanxi Xishan Coal Total Liab account and
Long Term Debt. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Shanxi Xishan's Total Liab and Long Term Debt is 0.48. Overlapping area represents the amount of variation of Total Liab that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of Shanxi Xishan Coal, assuming nothing else is changed. The correlation between historical values of Shanxi Xishan's Total Liab and Long Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Liab of Shanxi Xishan Coal are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Total Liab i.e., Shanxi Xishan's Total Liab and Long Term Debt go up and down completely randomly.
Correlation Coefficient | 0.48 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.
Long Term Debt
Long-term debt is a debt that Shanxi Xishan Coal has held for over one year. Long-term debt appears on Shanxi Xishan Coal 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 Shanxi Xishan Coal 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.
Most indicators from Shanxi Xishan's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shanxi Xishan Coal 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 Shanxi Xishan Coal. 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.
As of November 23, 2024,
Selling General Administrative is expected to decline to about 987.2
M. In addition to that,
Tax Provision is expected to decline to about 2
BShanxi Xishan fundamental ratios Correlations
Click cells to compare fundamentals
Shanxi Xishan Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Shanxi Xishan 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 Shanxi Stock
Balance Sheet is a snapshot of the
financial position of Shanxi Xishan Coal at a specified time, usually calculated after every quarter, six months, or one year. Shanxi Xishan Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Shanxi Xishan 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 Shanxi currently owns. An asset can also be divided into two categories, current and non-current.