002062 Stock | | | 4.36 0.14 3.11% |
Hongrun Construction financial indicator trend analysis is much more than just examining Hongrun Construction latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hongrun Construction is a good investment. Please check the relationship between Hongrun Construction Retained Earnings and its Non Current Liabilities Total accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Hongrun Construction Group. 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.
Retained Earnings vs Non Current Liabilities Total
Retained Earnings vs Non Current Liabilities Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Hongrun Construction Retained Earnings account and
Non Current Liabilities Total. At this time, the significance of the direction appears to have weak relationship.
The correlation between Hongrun Construction's Retained Earnings and Non Current Liabilities Total is 0.32. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Non Current Liabilities Total in the same time period over historical financial statements of Hongrun Construction Group, assuming nothing else is changed. The correlation between historical values of Hongrun Construction's Retained Earnings and Non Current Liabilities Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Hongrun Construction Group are associated (or correlated) with its Non Current Liabilities Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Total has no effect on the direction of Retained Earnings i.e., Hongrun Construction's Retained Earnings and Non Current Liabilities Total go up and down completely randomly.
Correlation Coefficient | 0.32 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.
Non Current Liabilities Total
Most indicators from Hongrun Construction's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hongrun Construction 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 Hongrun Construction Group. 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 76
M. The current year's
Tax Provision is expected to grow to about 117.9
MHongrun Construction fundamental ratios Correlations
Click cells to compare fundamentals
Hongrun Construction Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Hongrun Construction fundamental ratios Accounts
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Other Information on Investing in Hongrun Stock
Balance Sheet is a snapshot of the
financial position of Hongrun Construction at a specified time, usually calculated after every quarter, six months, or one year. Hongrun Construction Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Hongrun Construction 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 Hongrun currently owns. An asset can also be divided into two categories, current and non-current.