300363 Stock | | | 17.46 0.27 1.57% |
Porton Fine financial indicator trend analysis is much more than just breaking down Porton Fine Chemicals prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Porton Fine Chemicals is a good investment. Please check the relationship between Porton Fine Non Currrent Assets Other and its Total Current Liabilities accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Porton Fine Chemicals. 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.
Non Currrent Assets Other vs Total Current Liabilities
Non Currrent Assets Other vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Porton Fine Chemicals Non Currrent Assets Other account and
Total Current Liabilities. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Porton Fine's Non Currrent Assets Other and Total Current Liabilities is -0.57. Overlapping area represents the amount of variation of Non Currrent Assets Other that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Porton Fine Chemicals, assuming nothing else is changed. The correlation between historical values of Porton Fine's Non Currrent Assets Other and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Currrent Assets Other of Porton Fine Chemicals are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Non Currrent Assets Other i.e., Porton Fine's Non Currrent Assets Other and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | -0.57 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
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.
Total Current Liabilities
Total Current Liabilities is an item on Porton Fine balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Porton Fine Chemicals 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.
Most indicators from Porton Fine's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Porton Fine Chemicals 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 Porton Fine Chemicals. 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 354
M. The current year's
Tax Provision is expected to grow to about 81.5
MPorton Fine fundamental ratios Correlations
Click cells to compare fundamentals
Porton Fine Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Porton Fine fundamental ratios Accounts
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Other Information on Investing in Porton Stock
Balance Sheet is a snapshot of the
financial position of Porton Fine Chemicals at a specified time, usually calculated after every quarter, six months, or one year. Porton Fine Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Porton Fine 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 Porton currently owns. An asset can also be divided into two categories, current and non-current.