Shandong Short Long Term Debt vs Non Current Liabilities Total Analysis

603182 Stock   12.36  0.05  0.40%   
Shandong Sinoglory financial indicator trend analysis is much more than just breaking down Shandong Sinoglory Health prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shandong Sinoglory Health is a good investment. Please check the relationship between Shandong Sinoglory Short Long Term Debt and its Non Current Liabilities Total accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Shandong Sinoglory Health. 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.

Short Long Term Debt vs Non Current Liabilities Total

Short Long Term Debt vs Non Current Liabilities Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shandong Sinoglory Health Short Long Term Debt account and Non Current Liabilities Total. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Shandong Sinoglory's Short Long Term Debt and Non Current Liabilities Total is 0.87. Overlapping area represents the amount of variation of Short Long Term Debt that can explain the historical movement of Non Current Liabilities Total in the same time period over historical financial statements of Shandong Sinoglory Health, assuming nothing else is changed. The correlation between historical values of Shandong Sinoglory's Short Long Term Debt and Non Current Liabilities 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 Shandong Sinoglory Health are associated (or correlated) with its Non Current Liabilities Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Total has no effect on the direction of Short Long Term Debt i.e., Shandong Sinoglory's Short Long Term Debt and Non Current Liabilities Total go up and down completely randomly.

Correlation Coefficient

0.87
Relationship DirectionPositive 
Relationship StrengthStrong

Short Long Term Debt

The total of a company's short-term and long-term borrowings.

Non Current Liabilities Total

Most indicators from Shandong Sinoglory's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shandong Sinoglory Health 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 Shandong Sinoglory Health. 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 28, 2024, Tax Provision is expected to decline to about 32.5 M. In addition to that, Selling General Administrative is expected to decline to about 19.9 M
 2021 2022 2023 2024 (projected)
Interest Expense4.0M3.2M1.6M2.3M
Interest Income981.8K2.8M7.1M7.5M

Shandong Sinoglory fundamental ratios Correlations

-0.440.780.570.610.740.60.790.70.680.66-0.660.740.70.84-0.650.830.730.230.750.70.780.70.730.68
-0.44-0.88-0.88-0.05-0.92-0.67-0.86-0.27-0.89-0.790.92-0.78-0.93-0.660.87-0.76-0.740.41-0.92-0.78-0.87-0.93-0.91-0.92
0.78-0.880.850.470.990.781.00.640.930.87-0.950.910.970.91-0.930.970.89-0.090.990.90.990.970.980.96
0.57-0.880.850.190.870.910.850.170.70.95-0.820.920.950.66-0.760.740.91-0.230.880.940.790.950.810.95
0.61-0.050.470.190.360.490.510.840.230.45-0.260.540.310.71-0.30.650.580.680.380.510.450.310.330.31
0.74-0.920.990.870.360.750.980.560.950.86-0.970.890.980.87-0.940.940.86-0.181.00.880.990.980.990.97
0.6-0.670.780.910.490.750.80.290.510.98-0.690.950.840.68-0.660.740.970.020.780.970.70.840.660.86
0.79-0.861.00.850.510.980.80.650.910.89-0.930.930.970.92-0.920.980.92-0.040.990.920.990.970.970.95
0.7-0.270.640.170.840.560.290.650.590.36-0.50.490.430.83-0.540.790.490.450.560.430.680.430.590.41
0.68-0.890.930.70.230.950.510.910.590.66-0.950.710.880.79-0.940.870.67-0.280.940.690.960.880.980.87
0.66-0.790.870.950.450.860.980.890.360.66-0.810.980.930.75-0.780.820.99-0.070.881.00.810.930.790.94
-0.660.92-0.95-0.82-0.26-0.97-0.69-0.93-0.5-0.95-0.81-0.8-0.94-0.750.99-0.87-0.790.38-0.96-0.83-0.95-0.94-0.97-0.95
0.74-0.780.910.920.540.890.950.930.490.710.98-0.80.940.86-0.770.890.990.090.910.990.860.940.830.93
0.7-0.930.970.950.310.980.840.970.430.880.93-0.940.940.81-0.910.890.91-0.210.990.940.941.00.950.99
0.84-0.660.910.660.710.870.680.920.830.790.75-0.750.860.81-0.730.970.830.330.870.790.910.810.860.77
-0.650.87-0.93-0.76-0.3-0.94-0.66-0.92-0.54-0.94-0.780.99-0.77-0.91-0.73-0.87-0.760.38-0.94-0.8-0.93-0.91-0.94-0.93
0.83-0.760.970.740.650.940.740.980.790.870.82-0.870.890.890.97-0.870.880.120.940.860.970.890.930.88
0.73-0.740.890.910.580.860.970.920.490.670.99-0.790.990.910.83-0.760.880.080.880.990.840.910.80.92
0.230.41-0.09-0.230.68-0.180.02-0.040.45-0.28-0.070.380.09-0.210.330.380.120.08-0.16-0.02-0.09-0.21-0.2-0.26
0.75-0.920.990.880.381.00.780.990.560.940.88-0.960.910.990.87-0.940.940.88-0.160.90.990.990.990.98
0.7-0.780.90.940.510.880.970.920.430.691.0-0.830.990.940.79-0.80.860.99-0.020.90.840.940.810.94
0.78-0.870.990.790.450.990.70.990.680.960.81-0.950.860.940.91-0.930.970.84-0.090.990.840.940.990.93
0.7-0.930.970.950.310.980.840.970.430.880.93-0.940.941.00.81-0.910.890.91-0.210.990.940.940.950.99
0.73-0.910.980.810.330.990.660.970.590.980.79-0.970.830.950.86-0.940.930.8-0.20.990.810.990.950.93
0.68-0.920.960.950.310.970.860.950.410.870.94-0.950.930.990.77-0.930.880.92-0.260.980.940.930.990.93
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Shandong Sinoglory Account Relationship Matchups

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Other Information on Investing in Shandong Stock

Balance Sheet is a snapshot of the financial position of Shandong Sinoglory Health at a specified time, usually calculated after every quarter, six months, or one year. Shandong Sinoglory Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Shandong Sinoglory 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 Shandong currently owns. An asset can also be divided into two categories, current and non-current.