| 300359 Stock | | | 6.08 0.23 3.65% |
Qtone Education financial indicator trend analysis is much more than just breaking down Qtone Education Group prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Qtone Education Group is a good investment. Please check the relationship between Qtone Education Total Current Liabilities and its Net Tangible Assets accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Qtone Education 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.
Total Current Liabilities vs Net Tangible Assets
Total Current Liabilities vs Net Tangible Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Qtone Education Group Total Current Liabilities account and
Net Tangible Assets. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Qtone Education's Total Current Liabilities and Net Tangible Assets is -0.64. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Net Tangible Assets in the same time period over historical financial statements of Qtone Education Group, assuming nothing else is changed. The correlation between historical values of Qtone Education's Total Current Liabilities and Net Tangible Assets 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 Qtone Education Group are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Total Current Liabilities i.e., Qtone Education's Total Current Liabilities and Net Tangible Assets go up and down completely randomly.
Correlation Coefficient | -0.64 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Total Current Liabilities
Total Current Liabilities is an item on Qtone Education balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Qtone Education Group 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.
Net Tangible Assets
The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.
Most indicators from Qtone Education's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Qtone Education Group 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 Qtone Education 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
Selling General Administrative is expected to grow to about 58.6
M. The current year's
Tax Provision is expected to grow to about 13.4
MQtone Education fundamental ratios Correlations
Click cells to compare fundamentals
Qtone Education Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Qtone Education fundamental ratios Accounts
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Other Information on Investing in Qtone Stock
Balance Sheet is a snapshot of the
financial position of Qtone Education Group at a specified time, usually calculated after every quarter, six months, or one year. Qtone Education Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Qtone Education 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 Qtone currently owns. An asset can also be divided into two categories, current and non-current.