| 300608 Stock | | | 11.16 0.12 1.06% |
SI TECH financial indicator trend analysis is much more than just breaking down SI TECH Information prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether SI TECH Information is a good investment. Please check the relationship between SI TECH Total Current Liabilities and its Total Current Assets accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in SI TECH Information Technology. 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 Total Current Assets
Total Current Liabilities vs Total Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
SI TECH Information Total Current Liabilities account and
Total Current Assets. At this time, the significance of the direction appears to have almost identical trend.
The correlation between SI TECH's Total Current Liabilities and Total Current Assets is 0.9. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of SI TECH Information Technology, assuming nothing else is changed. The correlation between historical values of SI TECH's Total Current Liabilities and Total Current 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 SI TECH Information Technology are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Total Current Liabilities i.e., SI TECH's Total Current Liabilities and Total Current Assets go up and down completely randomly.
Correlation Coefficient | 0.9 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Total Current Liabilities
Total Current Liabilities is an item on SI TECH balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of SI TECH Information Technology 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.
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.
Most indicators from SI TECH's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into SI TECH Information 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 SI TECH Information Technology. 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.
The current year's
Selling General Administrative is expected to grow to about 124.7
M, whereas
Tax Provision is forecasted to decline to about 4.2
M.
SI TECH fundamental ratios Correlations
Click cells to compare fundamentals
SI TECH Account Relationship Matchups
High Positive Relationship
High Negative Relationship
SI TECH fundamental ratios Accounts
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Other Information on Investing in 300608 Stock
Balance Sheet is a snapshot of the
financial position of SI TECH Information at a specified time, usually calculated after every quarter, six months, or one year. SI TECH Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of SI TECH 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 300608 currently owns. An asset can also be divided into two categories, current and non-current.