002010 Stock | | | 5.24 0.04 0.77% |
Zhejiang Transfar financial indicator trend analysis is more than just analyzing Zhejiang Transfar current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zhejiang Transfar is a good investment. Please check the relationship between Zhejiang Transfar Cash and its Other Current Liab accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Zhejiang Transfar Co. 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.
Cash vs Other Current Liab
Cash vs Other Current Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Zhejiang Transfar Cash account and
Other Current Liab. At this time, the significance of the direction appears to have strong relationship.
The correlation between Zhejiang Transfar's Cash and Other Current Liab is 0.61. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Other Current Liab in the same time period over historical financial statements of Zhejiang Transfar Co, assuming nothing else is changed. The correlation between historical values of Zhejiang Transfar's Cash and Other Current 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 Cash of Zhejiang Transfar Co are associated (or correlated) with its Other Current Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Liab has no effect on the direction of Cash i.e., Zhejiang Transfar's Cash and Other Current Liab go up and down completely randomly.
Correlation Coefficient | 0.61 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Cash
Cash refers to the most liquid asset of Zhejiang Transfar, which is listed under current asset account on Zhejiang Transfar Co balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Zhejiang Transfar customers. The amounts must be unrestricted with restricted cash listed in a different Zhejiang Transfar account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Other Current Liab
Most indicators from Zhejiang Transfar's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zhejiang Transfar 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 Zhejiang Transfar Co. 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 384.3
M, whereas
Selling General Administrative is forecasted to decline to about 639.7
M.
Zhejiang Transfar fundamental ratios Correlations
Click cells to compare fundamentals
Zhejiang Transfar Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Zhejiang Transfar fundamental ratios Accounts
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Other Information on Investing in Zhejiang Stock
Balance Sheet is a snapshot of the
financial position of Zhejiang Transfar at a specified time, usually calculated after every quarter, six months, or one year. Zhejiang Transfar Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Zhejiang Transfar 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 Zhejiang currently owns. An asset can also be divided into two categories, current and non-current.