600491 Stock | | | 3.87 0.03 0.77% |
Long Yuan financial indicator trend analysis is infinitely more than just investigating Long Yuan Construction recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Long Yuan Construction is a good investment. Please check the relationship between Long Yuan Long Term Debt and its Intangible Assets accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Long Yuan Construction. 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 Intangible Assets
Long Term Debt vs Intangible Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Long Yuan Construction Long Term Debt account and
Intangible Assets. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Long Yuan's Long Term Debt and Intangible Assets is 0.91. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Intangible Assets in the same time period over historical financial statements of Long Yuan Construction, assuming nothing else is changed. The correlation between historical values of Long Yuan's Long Term Debt and Intangible Assets 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 Long Yuan Construction are associated (or correlated) with its Intangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Intangible Assets has no effect on the direction of Long Term Debt i.e., Long Yuan's Long Term Debt and Intangible Assets go up and down completely randomly.
Correlation Coefficient | 0.91 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Long Term Debt
Long-term debt is a debt that Long Yuan Construction has held for over one year. Long-term debt appears on Long Yuan Construction 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 Long Yuan Construction 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.
Intangible Assets
Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.
Most indicators from Long Yuan's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Long Yuan Construction 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 Long Yuan Construction. 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.
As of November 26, 2024,
Selling General Administrative is expected to decline to about 120.9
M. The current year's
Tax Provision is expected to grow to about (83.8
M)
Long Yuan fundamental ratios Correlations
Click cells to compare fundamentals
Long Yuan Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Long Yuan fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Long Stock
Balance Sheet is a snapshot of the
financial position of Long Yuan Construction at a specified time, usually calculated after every quarter, six months, or one year. Long Yuan Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Long Yuan 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 Long currently owns. An asset can also be divided into two categories, current and non-current.