HUANLEJIA Accounts Payable vs Other Current Liab Analysis
300997 Stock | 17.44 0.05 0.29% |
HUANLEJIA Food financial indicator trend analysis is much more than just examining HUANLEJIA Food Group latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether HUANLEJIA Food Group is a good investment. Please check the relationship between HUANLEJIA Food Accounts Payable and its Other Current Liab accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in HUANLEJIA Food 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.
Accounts Payable vs Other Current Liab
Accounts Payable vs Other Current Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of HUANLEJIA Food Group Accounts Payable account and Other Current Liab. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between HUANLEJIA Food's Accounts Payable and Other Current Liab is -0.6. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Other Current Liab in the same time period over historical financial statements of HUANLEJIA Food Group, assuming nothing else is changed. The correlation between historical values of HUANLEJIA Food's Accounts Payable and Other Current Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of HUANLEJIA Food Group are associated (or correlated) with its Other Current Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Liab has no effect on the direction of Accounts Payable i.e., HUANLEJIA Food's Accounts Payable and Other Current Liab go up and down completely randomly.
Correlation Coefficient | -0.6 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Accounts Payable
An accounting item on the balance sheet that represents HUANLEJIA Food obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of HUANLEJIA Food Group are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.Other Current Liab
Most indicators from HUANLEJIA Food's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into HUANLEJIA Food 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 HUANLEJIA Food 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. As of December 12, 2024, Tax Provision is expected to decline to about 80 M. In addition to that, Selling General Administrative is expected to decline to about 194.2 M
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 413.3K | 330.5K | 215.9K | 205.1K | Interest Income | 2.8M | 6.1M | 7.4M | 4.4M |
HUANLEJIA Food fundamental ratios Correlations
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HUANLEJIA Food Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Balance Sheet is a snapshot of the financial position of HUANLEJIA Food Group at a specified time, usually calculated after every quarter, six months, or one year. HUANLEJIA Food Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of HUANLEJIA Food 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 HUANLEJIA currently owns. An asset can also be divided into two categories, current and non-current.