Hengerda Total Current Liabilities vs Net Invested Capital Analysis
300946 Stock | 29.93 0.27 0.89% |
Hengerda New financial indicator trend analysis is much more than just examining Hengerda New Materials latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hengerda New Materials is a good investment. Please check the relationship between Hengerda New Total Current Liabilities and its Net Invested Capital accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Hengerda New Materials. 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 Invested Capital
Total Current Liabilities vs Net Invested Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hengerda New Materials Total Current Liabilities account and Net Invested Capital. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Hengerda New's Total Current Liabilities and Net Invested Capital is 0.85. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Net Invested Capital in the same time period over historical financial statements of Hengerda New Materials, assuming nothing else is changed. The correlation between historical values of Hengerda New's Total Current Liabilities and Net Invested Capital 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 Hengerda New Materials are associated (or correlated) with its Net Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Invested Capital has no effect on the direction of Total Current Liabilities i.e., Hengerda New's Total Current Liabilities and Net Invested Capital go up and down completely randomly.
Correlation Coefficient | 0.85 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Total Current Liabilities
Total Current Liabilities is an item on Hengerda New balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Hengerda New Materials 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 Invested Capital
The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.Most indicators from Hengerda New's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hengerda New Materials 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 Hengerda New Materials. 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. As of December 11, 2024, Tax Provision is expected to decline to about 8.6 M. In addition to that, Selling General Administrative is expected to decline to about 17 M
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 80.6K | 330.4K | 499.4K | 474.4K | Interest Income | 2.0M | 747.9K | 507.3K | 859.0K |
Hengerda New fundamental ratios Correlations
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Hengerda New Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Balance Sheet is a snapshot of the financial position of Hengerda New Materials at a specified time, usually calculated after every quarter, six months, or one year. Hengerda New Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Hengerda New 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 Hengerda currently owns. An asset can also be divided into two categories, current and non-current.