002397 Stock | | | 3.20 0.02 0.63% |
Hunan Mendale financial indicator trend analysis is much more than just examining Hunan Mendale Hometextile latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hunan Mendale Hometextile is a good investment. Please check the relationship between Hunan Mendale Long Term Debt and its Non Current Assets Total accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Hunan Mendale Hometextile. 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.
Long Term Debt vs Non Current Assets Total
Long Term Debt vs Non Current Assets Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Hunan Mendale Hometextile Long Term Debt account and
Non Current Assets Total. At this time, the significance of the direction appears to have no relationship.
The correlation between Hunan Mendale's Long Term Debt and Non Current Assets Total is 0.08. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of Hunan Mendale Hometextile, assuming nothing else is changed. The correlation between historical values of Hunan Mendale's Long Term Debt and Non Current Assets 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 Long Term Debt of Hunan Mendale Hometextile are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Long Term Debt i.e., Hunan Mendale's Long Term Debt and Non Current Assets Total go up and down completely randomly.
Correlation Coefficient | 0.08 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Long Term Debt
Long-term debt is a debt that Hunan Mendale Hometextile has held for over one year. Long-term debt appears on Hunan Mendale Hometextile 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 Hunan Mendale Hometextile 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.
Non Current Assets Total
The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.
Most indicators from Hunan Mendale's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hunan Mendale Hometextile 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 Hunan Mendale Hometextile. 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 540.6
M, whereas
Tax Provision is forecasted to decline to about 12.4
M.
Hunan Mendale fundamental ratios Correlations
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Hunan Mendale Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Hunan Mendale fundamental ratios Accounts
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Other Information on Investing in Hunan Stock
Balance Sheet is a snapshot of the
financial position of Hunan Mendale Hometextile at a specified time, usually calculated after every quarter, six months, or one year. Hunan Mendale Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Hunan Mendale 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 Hunan currently owns. An asset can also be divided into two categories, current and non-current.