Jinsanjiang Cash vs Total Current Liabilities Analysis
| 301059 Stock | 11.51 0.36 3.23% |
Jinsanjiang Silicon financial indicator trend analysis is infinitely more than just investigating Jinsanjiang Silicon recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Jinsanjiang Silicon is a good investment. Please check the relationship between Jinsanjiang Silicon Cash and its Total Current Liabilities accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Jinsanjiang Silicon Material. 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.
Cash vs Total Current Liabilities
Cash vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Jinsanjiang Silicon Cash account and Total Current Liabilities. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Jinsanjiang Silicon's Cash and Total Current Liabilities is 0.58. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Jinsanjiang Silicon Material, assuming nothing else is changed. The correlation between historical values of Jinsanjiang Silicon's Cash and Total Current Liabilities 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 Jinsanjiang Silicon Material are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Cash i.e., Jinsanjiang Silicon's Cash and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | 0.58 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Cash
Cash refers to the most liquid asset of Jinsanjiang Silicon, which is listed under current asset account on Jinsanjiang Silicon Material balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Jinsanjiang Silicon customers. The amounts must be unrestricted with restricted cash listed in a different Jinsanjiang Silicon 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.Total Current Liabilities
Total Current Liabilities is an item on Jinsanjiang Silicon balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Jinsanjiang Silicon Material 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.Most indicators from Jinsanjiang Silicon's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Jinsanjiang Silicon 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 Jinsanjiang Silicon Material. 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. The current year's Tax Provision is expected to grow to about 6.3 M, whereas Selling General Administrative is forecasted to decline to about 14.2 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 188.8K | 53.5K | 1.1M | 720.3K | Interest Income | 2.3M | 1.9M | 1.3M | 1.6M |
Jinsanjiang Silicon fundamental ratios Correlations
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Jinsanjiang Silicon Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Balance Sheet is a snapshot of the financial position of Jinsanjiang Silicon at a specified time, usually calculated after every quarter, six months, or one year. Jinsanjiang Silicon Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Jinsanjiang Silicon 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 Jinsanjiang currently owns. An asset can also be divided into two categories, current and non-current.