601789 Stock | | | 4.62 0.08 1.76% |
Ningbo Construction financial indicator trend analysis is infinitely more than just investigating Ningbo Construction recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ningbo Construction is a good investment. Please check the relationship between Ningbo Construction Other Stockholder Equity and its Short Long Term Debt accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Ningbo Construction 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.
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Ningbo Construction Other Stockholder Equity account and
Short Long Term Debt. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Ningbo Construction's Other Stockholder Equity and Short Long Term Debt is 0.19. Overlapping area represents the amount of variation of Other Stockholder Equity that can explain the historical movement of Short Long Term Debt in the same time period over historical financial statements of Ningbo Construction Co, assuming nothing else is changed. The correlation between historical values of Ningbo Construction's Other Stockholder Equity and Short Long Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Stockholder Equity of Ningbo Construction Co are associated (or correlated) with its Short Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Long Term Debt has no effect on the direction of Other Stockholder Equity i.e., Ningbo Construction's Other Stockholder Equity and Short Long Term Debt go up and down completely randomly.
Correlation Coefficient | 0.19 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
The total of a company's short-term and long-term borrowings.
Most indicators from Ningbo Construction's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ningbo 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 Ningbo Construction 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.
At present, Ningbo Construction's
Selling General Administrative is projected to decrease significantly based on the last few years of reporting. The current year's
Tax Provision is expected to grow to about 56
M, whereas
Discontinued Operations is forecasted to decline to 587.20.
Balance Sheet is a snapshot of the
financial position of Ningbo Construction at a specified time, usually calculated after every quarter, six months, or one year. Ningbo Construction Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Ningbo Construction 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 Ningbo currently owns. An asset can also be divided into two categories, current and non-current.