| 002969 Stock | | | 3.39 0.04 1.19% |
Jiamei Food financial indicator trend analysis is infinitely more than just investigating Jiamei Food Packaging recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Jiamei Food Packaging is a good investment. Please check the relationship between Jiamei Food Long Term Debt and its Non Currrent Assets Other accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Jiamei Food Packaging. 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 Currrent Assets Other
Long Term Debt vs Non Currrent Assets Other Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Jiamei Food Packaging Long Term Debt account and
Non Currrent Assets Other. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Jiamei Food's Long Term Debt and Non Currrent Assets Other is 0.5. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Non Currrent Assets Other in the same time period over historical financial statements of Jiamei Food Packaging, assuming nothing else is changed. The correlation between historical values of Jiamei Food's Long Term Debt and Non Currrent Assets Other 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 Jiamei Food Packaging are associated (or correlated) with its Non Currrent Assets Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Currrent Assets Other has no effect on the direction of Long Term Debt i.e., Jiamei Food's Long Term Debt and Non Currrent Assets Other go up and down completely randomly.
Correlation Coefficient | 0.5 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Long Term Debt
Long-term debt is a debt that Jiamei Food Packaging has held for over one year. Long-term debt appears on Jiamei Food Packaging 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 Jiamei Food Packaging 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 Currrent Assets Other
Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.
Most indicators from Jiamei Food's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Jiamei Food Packaging 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 Jiamei Food Packaging. 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 69.4
M, whereas
Tax Provision is forecasted to decline to about 34.2
M.
Jiamei Food fundamental ratios Correlations
Click cells to compare fundamentals
Jiamei Food Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Jiamei Food fundamental ratios Accounts
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Other Information on Investing in Jiamei Stock
Balance Sheet is a snapshot of the
financial position of Jiamei Food Packaging at a specified time, usually calculated after every quarter, six months, or one year. Jiamei Food Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Jiamei Food 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 Jiamei currently owns. An asset can also be divided into two categories, current and non-current.