600141 Stock | | | 22.87 1.85 7.48% |
Hubei Xingfa financial indicator trend analysis is much more than just examining Hubei Xingfa Chemicals latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hubei Xingfa Chemicals is a good investment. Please check the relationship between Hubei Xingfa Long Term Debt and its Common Stock accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Hubei Xingfa Chemicals. 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.
Long Term Debt vs Common Stock
Long Term Debt vs Common Stock Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Hubei Xingfa Chemicals Long Term Debt account and
Common Stock. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Hubei Xingfa's Long Term Debt and Common Stock is 0.82. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Common Stock in the same time period over historical financial statements of Hubei Xingfa Chemicals, assuming nothing else is changed. The correlation between historical values of Hubei Xingfa's Long Term Debt and Common 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 Long Term Debt of Hubei Xingfa Chemicals are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Long Term Debt i.e., Hubei Xingfa's Long Term Debt and Common Stock go up and down completely randomly.
Correlation Coefficient | 0.82 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Long Term Debt
Long-term debt is a debt that Hubei Xingfa Chemicals has held for over one year. Long-term debt appears on Hubei Xingfa Chemicals 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 Hubei Xingfa Chemicals 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.
Common Stock
Most indicators from Hubei Xingfa's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hubei Xingfa Chemicals 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 Hubei Xingfa Chemicals. 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
Selling General Administrative is expected to grow to about 410.7
M. The current year's
Tax Provision is expected to grow to about 367.3
MHubei Xingfa fundamental ratios Correlations
Click cells to compare fundamentals
Hubei Xingfa Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Hubei Xingfa fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Hubei Stock
Balance Sheet is a snapshot of the
financial position of Hubei Xingfa Chemicals at a specified time, usually calculated after every quarter, six months, or one year. Hubei Xingfa Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Hubei Xingfa 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 Hubei currently owns. An asset can also be divided into two categories, current and non-current.