Qingdao Other Current Assets vs Total Stockholder Equity 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 Other Current Assets and its Total Stockholder Equity 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.

Other Current Assets vs Total Stockholder Equity

Other Current Assets vs Total Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Qingdao Baheal Medical Other Current Assets account and Total Stockholder Equity. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Qingdao Baheal's Other Current Assets and Total Stockholder Equity is -0.22. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Total Stockholder Equity 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 Other Current Assets and Total Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Assets of Qingdao Baheal Medical are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Other Current Assets i.e., Qingdao Baheal's Other Current Assets and Total Stockholder Equity go up and down completely randomly.

Correlation Coefficient

-0.22
Relationship DirectionNegative 
Relationship StrengthInsignificant

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.

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.
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

-0.770.050.990.990.95-0.380.940.951.0-0.880.930.780.98-0.160.951.0-0.631.00.930.950.770.87-0.94-0.640.73
-0.77-0.19-0.72-0.73-0.680.17-0.56-0.92-0.80.44-0.68-0.54-0.87-0.11-0.8-0.780.3-0.81-0.68-0.7-0.4-0.40.670.19-0.22
0.05-0.19-0.020.00.160.13-0.070.160.130.19-0.1-0.550.09-0.180.16-0.010.690.07-0.1-0.17-0.39-0.030.270.30.17
0.99-0.72-0.021.00.9-0.260.930.90.98-0.860.920.770.94-0.220.890.99-0.690.980.920.980.810.86-0.95-0.60.7
0.99-0.730.01.00.91-0.270.940.90.98-0.870.910.760.95-0.190.90.99-0.690.980.910.980.810.87-0.94-0.610.71
0.95-0.680.160.90.91-0.60.910.920.95-0.910.90.710.94-0.20.980.92-0.470.940.90.810.660.91-0.86-0.740.85
-0.380.170.13-0.26-0.27-0.6-0.44-0.41-0.350.64-0.47-0.55-0.42-0.03-0.57-0.330.18-0.36-0.47-0.18-0.25-0.540.420.79-0.6
0.94-0.56-0.070.930.940.91-0.440.820.91-0.960.820.810.89-0.030.890.93-0.740.910.820.920.910.97-0.89-0.820.85
0.95-0.920.160.90.90.92-0.410.820.96-0.750.860.70.99-0.040.970.94-0.460.960.860.850.610.73-0.85-0.520.59
1.0-0.80.130.980.980.95-0.350.910.96-0.840.920.720.98-0.190.960.99-0.561.00.920.920.720.85-0.91-0.590.71
-0.880.440.19-0.86-0.87-0.910.64-0.96-0.75-0.84-0.85-0.86-0.820.12-0.86-0.860.72-0.85-0.85-0.83-0.84-0.970.890.92-0.88
0.93-0.68-0.10.920.910.9-0.470.820.860.92-0.850.80.9-0.410.870.93-0.60.931.00.860.630.8-0.96-0.610.65
0.78-0.54-0.550.770.760.71-0.550.810.70.72-0.860.80.760.090.730.79-0.880.760.80.820.840.74-0.91-0.790.52
0.98-0.870.090.940.950.94-0.420.890.990.98-0.820.90.76-0.060.980.97-0.550.990.90.90.70.8-0.9-0.60.66
-0.16-0.11-0.18-0.22-0.19-0.2-0.03-0.03-0.04-0.190.12-0.410.09-0.06-0.05-0.17-0.11-0.19-0.41-0.080.18-0.160.22-0.1-0.22
0.95-0.80.160.890.90.98-0.570.890.970.96-0.860.870.730.98-0.050.93-0.470.950.870.820.660.85-0.85-0.690.75
1.0-0.78-0.010.990.990.92-0.330.930.940.99-0.860.930.790.97-0.170.93-0.670.990.930.970.790.85-0.95-0.610.68
-0.630.30.69-0.69-0.69-0.470.18-0.74-0.46-0.560.72-0.6-0.88-0.55-0.11-0.47-0.67-0.59-0.6-0.81-0.92-0.650.780.65-0.4
1.0-0.810.070.980.980.94-0.360.910.961.0-0.850.930.760.99-0.190.950.99-0.590.930.930.730.84-0.93-0.590.69
0.93-0.68-0.10.920.910.9-0.470.820.860.92-0.851.00.80.9-0.410.870.93-0.60.930.860.630.8-0.96-0.610.65
0.95-0.7-0.170.980.980.81-0.180.920.850.92-0.830.860.820.9-0.080.820.97-0.810.930.860.880.82-0.94-0.580.61
0.77-0.4-0.390.810.810.66-0.250.910.610.72-0.840.630.840.70.180.660.79-0.920.730.630.880.83-0.8-0.760.65
0.87-0.4-0.030.860.870.91-0.540.970.730.85-0.970.80.740.8-0.160.850.85-0.650.840.80.820.83-0.83-0.870.95
-0.940.670.27-0.95-0.94-0.860.42-0.89-0.85-0.910.89-0.96-0.91-0.90.22-0.85-0.950.78-0.93-0.96-0.94-0.8-0.830.67-0.63
-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
Click cells to compare fundamentals

Qingdao Baheal Account Relationship Matchups

Also Currently Popular

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.