600691 Stock | | | 2.38 0.01 0.42% |
Yangmei Chemical financial indicator trend analysis is more than just analyzing Yangmei Chemical current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Yangmei Chemical is a good investment. Please check the relationship between Yangmei Chemical Long Term Debt and its Other Stockholder Equity accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Yangmei Chemical Co. 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 Other Stockholder Equity
Long Term Debt vs Other Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Yangmei Chemical Long Term Debt account and
Other Stockholder Equity. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Yangmei Chemical's Long Term Debt and Other Stockholder Equity is 0.55. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Other Stockholder Equity in the same time period over historical financial statements of Yangmei Chemical Co, assuming nothing else is changed. The correlation between historical values of Yangmei Chemical's Long Term Debt and Other Stockholder Equity 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 Yangmei Chemical Co are associated (or correlated) with its Other Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Stockholder Equity has no effect on the direction of Long Term Debt i.e., Yangmei Chemical's Long Term Debt and Other Stockholder Equity go up and down completely randomly.
Correlation Coefficient | 0.55 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Long Term Debt
Long-term debt is a debt that Yangmei Chemical has held for over one year. Long-term debt appears on Yangmei Chemical Co 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 Yangmei Chemical Co 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.
Other Stockholder Equity
Most indicators from Yangmei Chemical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Yangmei Chemical 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 Yangmei Chemical Co. 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 30, 2024,
Selling General Administrative is expected to decline to about 104.9
M. In addition to that,
Tax Provision is expected to decline to about 8.8
MYangmei Chemical fundamental ratios Correlations
Click cells to compare fundamentals
Yangmei Chemical Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Yangmei Chemical fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Yangmei Stock
Balance Sheet is a snapshot of the
financial position of Yangmei Chemical at a specified time, usually calculated after every quarter, six months, or one year. Yangmei Chemical Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Yangmei Chemical 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 Yangmei currently owns. An asset can also be divided into two categories, current and non-current.