603060 Stock | | | 7.57 0.05 0.66% |
China Building financial indicator trend analysis is way more than just evaluating China Building Material prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether China Building Material is a good investment. Please check the relationship between China Building Total Stockholder Equity and its Short Term Debt accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in China Building Material. 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 Stockholder Equity vs Short Term Debt
Total Stockholder Equity vs Short Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
China Building Material Total Stockholder Equity account and
Short Term Debt. At this time, the significance of the direction appears to have almost identical trend.
The correlation between China Building's Total Stockholder Equity and Short Term Debt is 0.92. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Short Term Debt in the same time period over historical financial statements of China Building Material, assuming nothing else is changed. The correlation between historical values of China Building's Total Stockholder Equity and Short 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 Total Stockholder Equity of China Building Material are associated (or correlated) with its Short Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Debt has no effect on the direction of Total Stockholder Equity i.e., China Building's Total Stockholder Equity and Short Term Debt go up and down completely randomly.
Correlation Coefficient | 0.92 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.
Short Term Debt
Most indicators from China Building's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into China Building Material 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 China Building Material. 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 December 4, 2024,
Selling General Administrative is expected to decline to about 112.5
M. In addition to that,
Tax Provision is expected to decline to about 37.9
MChina Building fundamental ratios Correlations
Click cells to compare fundamentals
China Building Account Relationship Matchups
High Positive Relationship
High Negative Relationship
China Building fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in China Stock
Balance Sheet is a snapshot of the
financial position of China Building Material at a specified time, usually calculated after every quarter, six months, or one year. China Building Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of China Building 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 China currently owns. An asset can also be divided into two categories, current and non-current.