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 Short Long Term Debt and its Other Liab 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.
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
China Eastern Airlines Short Long Term Debt account and
Other Liab. At this time, the significance of the direction appears to have very strong relationship.
The correlation between China Eastern's Short Long Term Debt and Other Liab is 0.86. Overlapping area represents the amount of variation of Short Long Term Debt that can explain the historical movement of Other Liab 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 Short Long Term Debt and Other Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Long Term Debt of China Eastern Airlines are associated (or correlated) with its Other Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Liab has no effect on the direction of Short Long Term Debt i.e., China Eastern's Short Long Term Debt and Other Liab go up and down completely randomly.
Correlation Coefficient | 0.86 |
Relationship Direction | Positive |
Relationship Strength | Strong |
The total of a company's short-term and long-term borrowings.
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.
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.