Mengtian Total Liab vs Cash Analysis
603216 Stock | 10.78 0.06 0.55% |
Mengtian Home financial indicator trend analysis is infinitely more than just investigating Mengtian Home Group recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Mengtian Home Group is a good investment. Please check the relationship between Mengtian Home Total Liab and its Cash accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Mengtian Home Group. 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.
Total Liab vs Cash
Total Liab vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Mengtian Home Group Total Liab account and Cash. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Mengtian Home's Total Liab and Cash is -0.22. Overlapping area represents the amount of variation of Total Liab that can explain the historical movement of Cash in the same time period over historical financial statements of Mengtian Home Group, assuming nothing else is changed. The correlation between historical values of Mengtian Home's Total Liab and Cash 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 Liab of Mengtian Home Group are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Total Liab i.e., Mengtian Home's Total Liab and Cash go up and down completely randomly.
Correlation Coefficient | -0.22 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.Cash
Cash refers to the most liquid asset of Mengtian Home Group, which is listed under current asset account on Mengtian Home Group balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Mengtian Home customers. The amounts must be unrestricted with restricted cash listed in a different Mengtian Home account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.Most indicators from Mengtian Home's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Mengtian Home Group 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 Mengtian Home Group. 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. The current year's Tax Provision is expected to grow to about 17.9 M, whereas Selling General Administrative is forecasted to decline to about 114.9 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 484.7M | 443.6M | 370.3M | 357.9M | Total Revenue | 1.5B | 1.4B | 1.3B | 1.5B |
Mengtian Home fundamental ratios Correlations
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Mengtian Home Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Currently Active Assets on Macroaxis
Other Information on Investing in Mengtian Stock
Balance Sheet is a snapshot of the financial position of Mengtian Home Group at a specified time, usually calculated after every quarter, six months, or one year. Mengtian Home Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Mengtian Home 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 Mengtian currently owns. An asset can also be divided into two categories, current and non-current.