Qingdao Cash vs Accounts Payable Analysis
| 301015 Stock | 27.53 0.20 0.73% |
Qingdao Baheal financial indicator trend analysis is much more than just breaking down Qingdao Baheal Medical prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Qingdao Baheal Medical is a good investment. Please check the relationship between Qingdao Baheal Cash and its Accounts Payable accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Qingdao Baheal Medical. 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.
Cash vs Accounts Payable
Cash vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Qingdao Baheal Medical Cash account and Accounts Payable. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Qingdao Baheal's Cash and Accounts Payable is -0.6. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Qingdao Baheal Medical, assuming nothing else is changed. The correlation between historical values of Qingdao Baheal's Cash and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of Qingdao Baheal Medical are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Cash i.e., Qingdao Baheal's Cash and Accounts Payable go up and down completely randomly.
Correlation Coefficient | -0.6 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Cash
Cash refers to the most liquid asset of Qingdao Baheal Medical, which is listed under current asset account on Qingdao Baheal Medical balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Qingdao Baheal customers. The amounts must be unrestricted with restricted cash listed in a different Qingdao Baheal account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.Accounts Payable
An accounting item on the balance sheet that represents Qingdao Baheal 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 Qingdao Baheal Medical 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.Most indicators from Qingdao Baheal's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Qingdao Baheal Medical 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 Qingdao Baheal Medical. 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. As of December 11, 2024, Tax Provision is expected to decline to about 162.4 M. In addition to that, Selling General Administrative is expected to decline to about 1 B
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 61.1M | 58.1M | 60.7M | 92.5M | Interest Income | 7.0M | 7.6M | 11.1M | 18.2M |
Qingdao Baheal fundamental ratios Correlations
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Qingdao Baheal Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Qingdao Stock
Balance Sheet is a snapshot of the financial position of Qingdao Baheal Medical at a specified time, usually calculated after every quarter, six months, or one year. Qingdao Baheal Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Qingdao Baheal 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 Qingdao currently owns. An asset can also be divided into two categories, current and non-current.