Jiangsu Non Current Assets Total vs Long Term Debt Analysis
301116 Stock | 13.69 0.30 2.24% |
Jiangsu Yike financial indicator trend analysis is infinitely more than just investigating Jiangsu Yike Food recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Jiangsu Yike Food is a good investment. Please check the relationship between Jiangsu Yike Non Current Assets Total and its Long Term Debt accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Jiangsu Yike Food. 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.
Non Current Assets Total vs Long Term Debt
Non Current Assets Total vs Long Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Jiangsu Yike Food Non Current Assets Total account and Long Term Debt. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Jiangsu Yike's Non Current Assets Total and Long Term Debt is 0.91. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of Jiangsu Yike Food, assuming nothing else is changed. The correlation between historical values of Jiangsu Yike's Non Current Assets Total and Long Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Assets Total of Jiangsu Yike Food are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Non Current Assets Total i.e., Jiangsu Yike's Non Current Assets Total and Long Term Debt go up and down completely randomly.
Correlation Coefficient | 0.91 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Non Current Assets Total
The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.Long Term Debt
Long-term debt is a debt that Jiangsu Yike Food has held for over one year. Long-term debt appears on Jiangsu Yike Food balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Jiangsu Yike Food balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.Most indicators from Jiangsu Yike's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Jiangsu Yike Food 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 Jiangsu Yike Food. 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. The current year's Selling General Administrative is expected to grow to about 270.1 M, whereas Tax Provision is projected to grow to (345.1 K).
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 51.4M | 72.8M | 71.4M | 65.7M | Interest Income | 1.4M | 4.2M | 2.8M | 5.3M |
Jiangsu Yike fundamental ratios Correlations
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Jiangsu Yike 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 Jiangsu Stock
Balance Sheet is a snapshot of the financial position of Jiangsu Yike Food at a specified time, usually calculated after every quarter, six months, or one year. Jiangsu Yike Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Jiangsu Yike 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 Jiangsu currently owns. An asset can also be divided into two categories, current and non-current.