Qingdao Common Stock Shares Outstanding vs Other Current Assets 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 Common Stock Shares Outstanding and its Other Current Assets 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.

Common Stock Shares Outstanding vs Other Current Assets

Common Stock Shares Outstanding vs Other Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Qingdao Baheal Medical Common Stock Shares Outstanding account and Other Current Assets. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Qingdao Baheal's Common Stock Shares Outstanding and Other Current Assets is -0.41. Overlapping area represents the amount of variation of Common Stock Shares Outstanding that can explain the historical movement of Other Current Assets 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 Common Stock Shares Outstanding and Other 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 Common Stock Shares Outstanding of Qingdao Baheal Medical are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Common Stock Shares Outstanding i.e., Qingdao Baheal's Common Stock Shares Outstanding and Other Current Assets go up and down completely randomly.

Correlation Coefficient

-0.41
Relationship DirectionNegative 
Relationship StrengthVery Weak

Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.
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 Expense61.1M58.1M60.7M92.5M
Interest Income7.0M7.6M11.1M18.2M

Qingdao Baheal fundamental ratios Correlations

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-0.640.190.3-0.6-0.61-0.740.79-0.82-0.52-0.590.92-0.61-0.79-0.6-0.1-0.69-0.610.65-0.59-0.61-0.58-0.76-0.870.67-0.84
0.73-0.220.170.70.710.85-0.60.850.590.71-0.880.650.520.66-0.220.750.68-0.40.690.650.610.650.95-0.63-0.84
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Qingdao Baheal Account Relationship Matchups

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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.