Shanghai Total Current Liabilities vs Capital Stock Analysis
| 301099 Stock | 42.11 2.31 5.80% |
Shanghai Yct financial indicator trend analysis is much more than just breaking down Shanghai Yct Electronics prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shanghai Yct Electronics is a good investment. Please check the relationship between Shanghai Yct Total Current Liabilities and its Capital Stock accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Shanghai Yct Electronics. 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.
Total Current Liabilities vs Capital Stock
Total Current Liabilities vs Capital Stock Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shanghai Yct Electronics Total Current Liabilities account and Capital Stock. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Shanghai Yct's Total Current Liabilities and Capital Stock is 0.86. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Capital Stock in the same time period over historical financial statements of Shanghai Yct Electronics, assuming nothing else is changed. The correlation between historical values of Shanghai Yct's Total Current Liabilities and Capital Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Liabilities of Shanghai Yct Electronics are associated (or correlated) with its Capital Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Stock has no effect on the direction of Total Current Liabilities i.e., Shanghai Yct's Total Current Liabilities and Capital Stock go up and down completely randomly.
Correlation Coefficient | 0.86 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Total Current Liabilities
Total Current Liabilities is an item on Shanghai Yct balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Shanghai Yct Electronics 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.Capital Stock
The total amount of a company's capital funded by shareholders through the issue and subscription of shares.Most indicators from Shanghai Yct's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shanghai Yct Electronics 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 Shanghai Yct Electronics. 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 24.3 M, whereas Selling General Administrative is forecasted to decline to about 79.9 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 13.4M | 17.5M | 29.9M | 25.6M | Interest Income | 205.0K | 1.6M | 3.2M | 3.3M |
Shanghai Yct fundamental ratios Correlations
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Shanghai Yct 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 Shanghai Stock
Balance Sheet is a snapshot of the financial position of Shanghai Yct Electronics at a specified time, usually calculated after every quarter, six months, or one year. Shanghai Yct Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Shanghai Yct 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 Shanghai currently owns. An asset can also be divided into two categories, current and non-current.