0QGU Stock | | | 10.55 1.24 10.52% |
CNH Industrial financial indicator trend analysis is way more than just evaluating CNH Industrial NV prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether CNH Industrial NV is a good investment. Please check the relationship between CNH Industrial Total Current Liabilities and its Selling General Administrative accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in CNH Industrial NV. 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.
Total Current Liabilities vs Selling General Administrative
Total Current Liabilities vs Selling General Administrative Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
CNH Industrial NV Total Current Liabilities account and
Selling General Administrative. At this time, the significance of the direction appears to have very week relationship.
The correlation between CNH Industrial's Total Current Liabilities and Selling General Administrative is 0.21. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Selling General Administrative in the same time period over historical financial statements of CNH Industrial NV, assuming nothing else is changed. The correlation between historical values of CNH Industrial's Total Current Liabilities and Selling General Administrative is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Liabilities of CNH Industrial NV are associated (or correlated) with its Selling General Administrative. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Selling General Administrative has no effect on the direction of Total Current Liabilities i.e., CNH Industrial's Total Current Liabilities and Selling General Administrative go up and down completely randomly.
Correlation Coefficient | 0.21 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Total Current Liabilities
Total Current Liabilities is an item on CNH Industrial balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of CNH Industrial NV are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
Selling General Administrative
Most indicators from CNH Industrial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into CNH Industrial NV 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 CNH Industrial NV. 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.
Tax Provision is likely to gain to about (47
M) in 2024. Selling General Administrative is likely to drop to about 1.7
B in 2024
CNH Industrial fundamental ratios Correlations
Click cells to compare fundamentals
CNH Industrial Account Relationship Matchups
High Positive Relationship
High Negative Relationship
CNH Industrial fundamental ratios Accounts
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