Liaoning Net Invested Capital vs Short Long Term Debt Analysis

603255 Stock   30.39  0.24  0.78%   
Liaoning Dingjide financial indicator trend analysis is infinitely more than just investigating Liaoning Dingjide recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Liaoning Dingjide is a good investment. Please check the relationship between Liaoning Dingjide Net Invested Capital and its Short Long Term Debt accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Liaoning Dingjide Petrochemical. 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.

Net Invested Capital vs Short Long Term Debt

Net Invested Capital vs Short Long Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Liaoning Dingjide Net Invested Capital account and Short Long Term Debt. At this time, the significance of the direction appears to have strong relationship.
The correlation between Liaoning Dingjide's Net Invested Capital and Short Long Term Debt is 0.73. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Short Long Term Debt in the same time period over historical financial statements of Liaoning Dingjide Petrochemical, assuming nothing else is changed. The correlation between historical values of Liaoning Dingjide's Net Invested Capital 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 Net Invested Capital of Liaoning Dingjide Petrochemical 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 Net Invested Capital i.e., Liaoning Dingjide's Net Invested Capital and Short Long Term Debt go up and down completely randomly.

Correlation Coefficient

0.73
Relationship DirectionPositive 
Relationship StrengthSignificant

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

Short Long Term Debt

The total of a company's short-term and long-term borrowings.
Most indicators from Liaoning Dingjide's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Liaoning Dingjide 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 Liaoning Dingjide Petrochemical. 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 current year's Tax Provision is expected to grow to about 10.7 M, whereas Selling General Administrative is forecasted to decline to about 36.1 M.
 2021 2022 2023 2024 (projected)
Interest Expense7.3M8.4M6.2M7.4M
Interest Income116.0K3.9M8.1M8.5M

Liaoning Dingjide fundamental ratios Correlations

-0.880.810.290.750.780.850.830.730.770.850.720.230.76-0.80.81-0.250.250.810.850.750.790.760.70.73
-0.88-0.86-0.67-0.7-0.85-0.93-0.93-0.93-0.81-0.86-0.55-0.24-0.790.91-0.930.35-0.06-0.85-0.92-0.66-0.85-0.79-0.79-0.77
0.81-0.860.40.690.990.970.980.860.990.980.770.530.98-0.980.98-0.54-0.011.00.980.731.00.980.960.96
0.29-0.670.40.060.440.470.530.720.360.3-0.180.170.36-0.540.56-0.42-0.440.380.44-0.020.440.360.480.38
0.75-0.70.690.060.60.770.710.560.620.820.79-0.190.55-0.630.660.210.710.680.780.980.620.550.450.49
0.78-0.850.990.440.60.950.970.870.990.950.710.610.99-0.990.98-0.63-0.130.990.960.651.00.990.980.98
0.85-0.930.970.470.770.950.990.930.930.980.770.390.93-0.980.98-0.440.120.961.00.770.950.930.890.9
0.83-0.930.980.530.710.970.990.940.950.960.710.440.94-0.991.0-0.50.020.970.990.720.970.940.930.92
0.73-0.930.860.720.560.870.930.940.810.820.550.430.85-0.930.95-0.57-0.120.840.90.50.870.850.850.83
0.77-0.810.990.360.620.990.930.950.810.950.730.60.98-0.960.95-0.59-0.090.990.950.690.990.980.970.97
0.85-0.860.980.30.820.950.980.960.820.950.840.390.93-0.950.95-0.380.190.980.990.850.960.930.880.9
0.72-0.550.77-0.180.790.710.770.710.550.730.840.330.76-0.690.69-0.220.440.770.780.820.720.760.620.72
0.23-0.240.530.17-0.190.610.390.440.430.60.390.330.69-0.540.5-0.96-0.690.540.4-0.090.60.690.730.74
0.76-0.790.980.360.550.990.930.940.850.980.930.760.69-0.970.95-0.69-0.150.980.940.610.991.00.981.0
-0.80.91-0.98-0.54-0.63-0.99-0.98-0.99-0.93-0.96-0.95-0.69-0.54-0.97-1.00.590.09-0.98-0.98-0.65-0.99-0.97-0.96-0.96
0.81-0.930.980.560.660.980.981.00.950.950.950.690.50.95-1.0-0.57-0.060.970.980.670.980.950.950.94
-0.250.35-0.54-0.420.21-0.63-0.44-0.5-0.57-0.59-0.38-0.22-0.96-0.690.59-0.570.77-0.54-0.440.15-0.61-0.69-0.75-0.74
0.25-0.06-0.01-0.440.71-0.130.120.02-0.12-0.090.190.44-0.69-0.150.09-0.060.77-0.010.110.65-0.11-0.15-0.3-0.22
0.81-0.851.00.380.680.990.960.970.840.990.980.770.540.98-0.980.97-0.54-0.010.980.730.990.980.960.97
0.85-0.920.980.440.780.961.00.990.90.950.990.780.40.94-0.980.98-0.440.110.980.790.970.940.90.91
0.75-0.660.73-0.020.980.650.770.720.50.690.850.82-0.090.61-0.650.670.150.650.730.790.670.610.510.55
0.79-0.851.00.440.621.00.950.970.870.990.960.720.60.99-0.990.98-0.61-0.110.990.970.670.990.980.98
0.76-0.790.980.360.550.990.930.940.850.980.930.760.691.0-0.970.95-0.69-0.150.980.940.610.990.981.0
0.7-0.790.960.480.450.980.890.930.850.970.880.620.730.98-0.960.95-0.75-0.30.960.90.510.980.980.99
0.73-0.770.960.380.490.980.90.920.830.970.90.720.741.0-0.960.94-0.74-0.220.970.910.550.981.00.99
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Other Information on Investing in Liaoning Stock

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