600917 Stock | | | 6.32 0.09 1.40% |
Chongqing Gas financial indicator trend analysis is way more than just evaluating Chongqing Gas Grp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Chongqing Gas Grp is a good investment. Please check the relationship between Chongqing Gas Short Long Term Debt and its Non Current Assets Total accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Chongqing Gas Grp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Short Long Term Debt vs Non Current Assets Total
Short Long Term Debt vs Non Current Assets Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Chongqing Gas Grp Short Long Term Debt account and
Non Current Assets Total. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Chongqing Gas' Short Long Term Debt and Non Current Assets Total is 0.89. Overlapping area represents the amount of variation of Short Long Term Debt that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of Chongqing Gas Grp, assuming nothing else is changed. The correlation between historical values of Chongqing Gas' Short Long Term Debt and Non Current Assets Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Long Term Debt of Chongqing Gas Grp are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Short Long Term Debt i.e., Chongqing Gas' Short Long Term Debt and Non Current Assets Total go up and down completely randomly.
Correlation Coefficient | 0.89 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Short Long Term Debt
The total of a company's short-term and long-term borrowings.
Non Current Assets Total
The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.
Most indicators from Chongqing Gas' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Chongqing Gas Grp 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 Chongqing Gas Grp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
As of November 29, 2024,
Selling General Administrative is expected to decline to about 291.6
M. In addition to that,
Tax Provision is expected to decline to about 58.3
MChongqing Gas fundamental ratios Correlations
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Chongqing Gas Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Chongqing Gas fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Chongqing Stock
Balance Sheet is a snapshot of the
financial position of Chongqing Gas Grp at a specified time, usually calculated after every quarter, six months, or one year. Chongqing Gas Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Chongqing Gas 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 Chongqing currently owns. An asset can also be divided into two categories, current and non-current.