Zhejiang Long Term Debt vs Non Current Liabilities Total Analysis
688203 Stock | 10.49 0.21 2.04% |
Zhejiang HISUN financial indicator trend analysis is more than just analyzing Zhejiang HISUN Bioma current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zhejiang HISUN Bioma is a good investment. Please check the relationship between Zhejiang HISUN 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 Zhejiang HISUN Biomaterials. 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.
Long Term Debt vs Non Current Liabilities Total
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 Zhejiang HISUN Bioma Long Term Debt account and Non Current Liabilities Total. At this time, the significance of the direction appears to have strong relationship.
The correlation between Zhejiang HISUN's Long Term Debt and Non Current Liabilities Total is 0.74. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Non Current Liabilities Total in the same time period over historical financial statements of Zhejiang HISUN Biomaterials, assuming nothing else is changed. The correlation between historical values of Zhejiang HISUN's 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 Long Term Debt of Zhejiang HISUN Biomaterials 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 Long Term Debt i.e., Zhejiang HISUN's Long Term Debt and Non Current Liabilities Total go up and down completely randomly.
Correlation Coefficient | 0.74 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Long Term Debt
Long-term debt is a debt that Zhejiang HISUN Bioma has held for over one year. Long-term debt appears on Zhejiang HISUN Biomaterials balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Zhejiang HISUN Biomaterials balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.Non Current Liabilities Total
Most indicators from Zhejiang HISUN's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zhejiang HISUN Bioma 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 Zhejiang HISUN Biomaterials. 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. As of November 30, 2024, Tax Provision is expected to decline to about 6.5 M. In addition to that, Selling General Administrative is expected to decline to about 14.3 M
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 10.8M | 9.6M | 7.5M | 9.6M | Interest Income | 3.5M | 10.6M | 19.9M | 20.9M |
Zhejiang HISUN fundamental ratios Correlations
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Zhejiang HISUN Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Balance Sheet is a snapshot of the financial position of Zhejiang HISUN Bioma at a specified time, usually calculated after every quarter, six months, or one year. Zhejiang HISUN Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Zhejiang HISUN 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 Zhejiang currently owns. An asset can also be divided into two categories, current and non-current.