| 605368 Stock | | | 11.48 0.34 2.88% |
Henan Lantian financial indicator trend analysis is much more than just examining Henan Lantian Gas latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Henan Lantian Gas is a good investment. Please check the relationship between Henan Lantian Cash And Short Term Investments and its Total Current Liabilities accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Henan Lantian Gas. 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.
Cash And Short Term Investments vs Total Current Liabilities
Cash And Short Term Investments vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Henan Lantian Gas Cash And Short Term Investments account and
Total Current Liabilities. At this time, the significance of the direction appears to have strong relationship.
The correlation between Henan Lantian's Cash And Short Term Investments and Total Current Liabilities is 0.68. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Henan Lantian Gas, assuming nothing else is changed. The correlation between historical values of Henan Lantian's Cash And Short Term Investments 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 Cash And Short Term Investments of Henan Lantian Gas 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 Cash And Short Term Investments i.e., Henan Lantian's Cash And Short Term Investments and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | 0.68 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Henan Lantian Gas balance sheet. This account contains Henan Lantian investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Henan Lantian Gas fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.
Total Current Liabilities
Total Current Liabilities is an item on Henan Lantian balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Henan Lantian Gas 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 Henan Lantian's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Henan Lantian Gas 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 Henan Lantian Gas. 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
Selling General Administrative is expected to grow to about 85.7
M, whereas
Tax Provision is forecasted to decline to about 157.2
M.
Henan Lantian fundamental ratios Correlations
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Henan Lantian Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Henan Lantian fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Henan Stock
Balance Sheet is a snapshot of the
financial position of Henan Lantian Gas at a specified time, usually calculated after every quarter, six months, or one year. Henan Lantian Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Henan Lantian 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 Henan currently owns. An asset can also be divided into two categories, current and non-current.