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 Total Current Liabilities and its Deferred Long Term Liab 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.
Total Current Liabilities vs Deferred Long Term Liab
Total Current Liabilities vs Deferred Long Term Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Hubei Xingfa Chemicals Total Current Liabilities account and
Deferred Long Term Liab. At this time, the significance of the direction appears to have strong relationship.
The correlation between Hubei Xingfa's Total Current Liabilities and Deferred Long Term Liab is 0.73. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Deferred Long Term Liab 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 Total Current Liabilities and Deferred Long Term 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 Total Current Liabilities of Hubei Xingfa Chemicals are associated (or correlated) with its Deferred Long Term Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Deferred Long Term Liab has no effect on the direction of Total Current Liabilities i.e., Hubei Xingfa's Total Current Liabilities and Deferred Long Term Liab go up and down completely randomly.
Correlation Coefficient | 0.73 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Total Current Liabilities
Total Current Liabilities is an item on Hubei Xingfa balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Hubei Xingfa Chemicals 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.
Deferred Long Term Liab
Liabilities that are due after more than one year, including deferred tax liabilities and deferred revenue.
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.