002156 Stock | | | 29.99 0.36 1.21% |
TongFu Microelectronics financial indicator trend analysis is much more than just breaking down TongFu Microelectronics prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether TongFu Microelectronics is a good investment. Please check the relationship between TongFu Microelectronics Short Long Term Debt and its Property Plant Equipment accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in TongFu Microelectronics 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 nation.
Short Long Term Debt vs Property Plant Equipment
Short Long Term Debt vs Property Plant Equipment Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
TongFu Microelectronics Short Long Term Debt account and
Property Plant Equipment. At this time, the significance of the direction appears to have very strong relationship.
The correlation between TongFu Microelectronics' Short Long Term Debt and Property Plant Equipment is 0.82. Overlapping area represents the amount of variation of Short Long Term Debt that can explain the historical movement of Property Plant Equipment in the same time period over historical financial statements of TongFu Microelectronics Co, assuming nothing else is changed. The correlation between historical values of TongFu Microelectronics' Short Long Term Debt and Property Plant Equipment 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 Long Term Debt of TongFu Microelectronics Co are associated (or correlated) with its Property Plant Equipment. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant Equipment has no effect on the direction of Short Long Term Debt i.e., TongFu Microelectronics' Short Long Term Debt and Property Plant Equipment go up and down completely randomly.
Correlation Coefficient | 0.82 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Short Long Term Debt
The total of a company's short-term and long-term borrowings.
Property Plant Equipment
Most indicators from TongFu Microelectronics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into TongFu Microelectronics 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 TongFu Microelectronics 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 nation.
The current year's
Selling General Administrative is expected to grow to about 197
M. The current year's
Tax Provision is expected to grow to about 27
MTongFu Microelectronics fundamental ratios Correlations
Click cells to compare fundamentals
TongFu Microelectronics Account Relationship Matchups
High Positive Relationship
High Negative Relationship
TongFu Microelectronics fundamental ratios Accounts
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Other Information on Investing in TongFu Stock
Balance Sheet is a snapshot of the
financial position of TongFu Microelectronics at a specified time, usually calculated after every quarter, six months, or one year. TongFu Microelectronics Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of TongFu Microelectronics 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 TongFu currently owns. An asset can also be divided into two categories, current and non-current.