600864 Stock | | | 6.49 0.37 5.39% |
Harbin Hatou financial indicator trend analysis is much more than just examining Harbin Hatou Investment latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Harbin Hatou Investment is a good investment. Please check the relationship between Harbin Hatou Total Current Liabilities and its Other Assets accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Harbin Hatou Investment. 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 Other Assets
Total Current Liabilities vs Other Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Harbin Hatou Investment Total Current Liabilities account and
Other Assets. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Harbin Hatou's Total Current Liabilities and Other Assets is -0.39. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Other Assets in the same time period over historical financial statements of Harbin Hatou Investment, assuming nothing else is changed. The correlation between historical values of Harbin Hatou's Total Current Liabilities and Other 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 Total Current Liabilities of Harbin Hatou Investment are associated (or correlated) with its Other Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Assets has no effect on the direction of Total Current Liabilities i.e., Harbin Hatou's Total Current Liabilities and Other Assets go up and down completely randomly.
Correlation Coefficient | -0.39 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Total Current Liabilities
Total Current Liabilities is an item on Harbin Hatou balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Harbin Hatou Investment 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.
Other Assets
Most indicators from Harbin Hatou's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Harbin Hatou Investment 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 Harbin Hatou Investment. 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.
At present, Harbin Hatou's
Selling General Administrative is projected to increase significantly based on the last few years of reporting. The current year's
Tax Provision is expected to grow to about 62.8
M, whereas
Discontinued Operations is forecasted to decline to (188.2
K).
Harbin Hatou fundamental ratios Correlations
Click cells to compare fundamentals
Harbin Hatou Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Harbin Hatou fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Harbin Stock
Balance Sheet is a snapshot of the
financial position of Harbin Hatou Investment at a specified time, usually calculated after every quarter, six months, or one year. Harbin Hatou Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Harbin Hatou 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 Harbin currently owns. An asset can also be divided into two categories, current and non-current.