| 600115 Stock | | | 4.08 0.04 0.97% |
China Eastern financial indicator trend analysis is way more than just evaluating China Eastern Airlines prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether China Eastern Airlines is a good investment. Please check the relationship between China Eastern Non Current Assets Total and its Accounts Payable accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in China Eastern Airlines. 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 Accounts Payable
Non Current Assets Total vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
China Eastern Airlines Non Current Assets Total account and
Accounts Payable. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between China Eastern's Non Current Assets Total and Accounts Payable is 0.58. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of China Eastern Airlines, assuming nothing else is changed. The correlation between historical values of China Eastern's Non Current Assets Total and Accounts Payable 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 China Eastern Airlines are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Non Current Assets Total i.e., China Eastern's Non Current Assets Total and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 0.58 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
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.
Accounts Payable
An accounting item on the balance sheet that represents China Eastern obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of China Eastern Airlines are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
Most indicators from China Eastern's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into China Eastern Airlines 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 China Eastern Airlines. 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.
At present, China Eastern's
Tax Provision is projected to decrease significantly based on the last few years of reporting. The current year's
Issuance Of Capital Stock is expected to grow to about 13.1
B, whereas
Selling General Administrative is forecasted to decline to about 2.9
B.
China Eastern fundamental ratios Correlations
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China Eastern Account Relationship Matchups
High Positive Relationship
High Negative Relationship
China Eastern fundamental ratios Accounts
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Other Information on Investing in China Stock
Balance Sheet is a snapshot of the
financial position of China Eastern Airlines at a specified time, usually calculated after every quarter, six months, or one year. China Eastern Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of China Eastern 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 China currently owns. An asset can also be divided into two categories, current and non-current.