Ningbo Total Assets vs Total Current Liabilities Analysis
| 605255 Stock | 13.93 0.57 4.27% |
Ningbo Tip financial indicator trend analysis is infinitely more than just investigating Ningbo Tip Rubber recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ningbo Tip Rubber is a good investment. Please check the relationship between Ningbo Tip Total Assets and its Total Current Liabilities accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ningbo Tip Rubber. 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 Assets vs Total Current Liabilities
Total Assets vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ningbo Tip Rubber Total Assets account and Total Current Liabilities. At this time, the significance of the direction appears to have weak relationship.
The correlation between Ningbo Tip's Total Assets and Total Current Liabilities is 0.3. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Ningbo Tip Rubber, assuming nothing else is changed. The correlation between historical values of Ningbo Tip's Total Assets and Total Current Liabilities 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 Assets of Ningbo Tip Rubber are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Total Assets i.e., Ningbo Tip's Total Assets and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | 0.3 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Total Assets
Total assets refers to the total amount of Ningbo Tip assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Ningbo Tip Rubber books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Total Current Liabilities
Total Current Liabilities is an item on Ningbo Tip balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Ningbo Tip Rubber are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Most indicators from Ningbo Tip's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ningbo Tip Rubber 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 Tip Rubber. 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 2, 2024, Tax Provision is expected to decline to about 10.4 M. In addition to that, Selling General Administrative is expected to decline to about 12.2 M
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 115.9M | 110.0M | 126.6M | 100.0M | Total Revenue | 306.3M | 329.4M | 348.4M | 359.1M |
Ningbo Tip fundamental ratios Correlations
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Ningbo Tip Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Other Information on Investing in Ningbo Stock
Balance Sheet is a snapshot of the financial position of Ningbo Tip Rubber at a specified time, usually calculated after every quarter, six months, or one year. Ningbo Tip Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Ningbo Tip 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.