002106 Stock | | | 11.32 0.24 2.08% |
Shenzhen Laibao financial indicator trend analysis is much more than just breaking down Shenzhen Laibao High prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shenzhen Laibao High is a good investment. Please check the relationship between Shenzhen Laibao Property Plant Equipment and its Net Debt accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Shenzhen Laibao High Technology. 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.
Property Plant Equipment vs Net Debt
Property Plant Equipment vs Net Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Shenzhen Laibao High Property Plant Equipment account and
Net Debt. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Shenzhen Laibao's Property Plant Equipment and Net Debt is -0.15. Overlapping area represents the amount of variation of Property Plant Equipment that can explain the historical movement of Net Debt in the same time period over historical financial statements of Shenzhen Laibao High Technology, assuming nothing else is changed. The correlation between historical values of Shenzhen Laibao's Property Plant Equipment and Net 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 Property Plant Equipment of Shenzhen Laibao High Technology are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Property Plant Equipment i.e., Shenzhen Laibao's Property Plant Equipment and Net Debt go up and down completely randomly.
Correlation Coefficient | -0.15 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Property Plant Equipment
Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.
Most indicators from Shenzhen Laibao's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shenzhen Laibao High 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 Shenzhen Laibao High Technology. 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
Selling General Administrative is expected to grow to about 129.7
M, whereas
Tax Provision is forecasted to decline to about 27.6
M.
Shenzhen Laibao fundamental ratios Correlations
Click cells to compare fundamentals
Shenzhen Laibao Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Shenzhen Laibao fundamental ratios Accounts
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Other Information on Investing in Shenzhen Stock
Balance Sheet is a snapshot of the
financial position of Shenzhen Laibao High at a specified time, usually calculated after every quarter, six months, or one year. Shenzhen Laibao Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Shenzhen Laibao 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 Shenzhen currently owns. An asset can also be divided into two categories, current and non-current.