Nanjing Other Current Liab vs Total Current Liabilities Analysis

688273 Stock   24.75  1.74  6.57%   
Nanjing Medlander financial indicator trend analysis is infinitely more than just investigating Nanjing Medlander Medical recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nanjing Medlander Medical is a good investment. Please check the relationship between Nanjing Medlander Other Current Liab and its Total Current Liabilities accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Nanjing Medlander Medical. 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.

Other Current Liab vs Total Current Liabilities

Other Current Liab vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nanjing Medlander Medical Other Current Liab account and Total Current Liabilities. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Nanjing Medlander's Other Current Liab and Total Current Liabilities is 0.8. Overlapping area represents the amount of variation of Other Current Liab that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Nanjing Medlander Medical, assuming nothing else is changed. The correlation between historical values of Nanjing Medlander's Other Current Liab 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 Other Current Liab of Nanjing Medlander Medical 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 Other Current Liab i.e., Nanjing Medlander's Other Current Liab and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.8
Relationship DirectionPositive 
Relationship StrengthStrong

Other Current Liab

Total Current Liabilities

Total Current Liabilities is an item on Nanjing Medlander balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Nanjing Medlander Medical 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 Nanjing Medlander's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nanjing Medlander Medical 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 Nanjing Medlander Medical. 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 10.4 M, whereas Selling General Administrative is forecasted to decline to about 98.9 M.
 2021 2022 2023 2024 (projected)
Interest Expense152.7K300.9K380.9K255.7K
Interest Income780.5K9.3M14.9M15.6M

Nanjing Medlander fundamental ratios Correlations

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Nanjing Medlander Account Relationship Matchups

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Other Information on Investing in Nanjing Stock

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