002627 Stock | | | 5.14 0.11 2.10% |
Hubeiyichang Transportation financial indicator trend analysis is much more than just examining Hubeiyichang Transportation latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hubeiyichang Transportation is a good investment. Please check the relationship between Hubeiyichang Transportation Net Debt and its Property Plant And Equipment Net accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Hubeiyichang Transportation 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.
Net Debt vs Property Plant And Equipment Net
Net Debt vs Property Plant And Equipment Net Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Hubeiyichang Transportation Net Debt account and
Property Plant And Equipment Net. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Hubeiyichang Transportation's Net Debt and Property Plant And Equipment Net is -0.12. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Property Plant And Equipment Net in the same time period over historical financial statements of Hubeiyichang Transportation Group, assuming nothing else is changed. The correlation between historical values of Hubeiyichang Transportation's Net Debt and Property Plant And Equipment Net is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Hubeiyichang Transportation Group are associated (or correlated) with its Property Plant And Equipment Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Net has no effect on the direction of Net Debt i.e., Hubeiyichang Transportation's Net Debt and Property Plant And Equipment Net go up and down completely randomly.
Correlation Coefficient | -0.12 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
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.
Property Plant And Equipment Net
The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.
Most indicators from Hubeiyichang Transportation's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hubeiyichang Transportation 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 Hubeiyichang Transportation 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
Tax Provision is expected to grow to about 40.2
M, whereas
Selling General Administrative is forecasted to decline to about 84.3
M.
Hubeiyichang Transportation fundamental ratios Correlations
Click cells to compare fundamentals
Hubeiyichang Transportation Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Hubeiyichang Transportation fundamental ratios Accounts
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Other Information on Investing in Hubeiyichang Stock
Balance Sheet is a snapshot of the
financial position of Hubeiyichang Transportation at a specified time, usually calculated after every quarter, six months, or one year. Hubeiyichang Transportation Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Hubeiyichang Transportation 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 Hubeiyichang currently owns. An asset can also be divided into two categories, current and non-current.