688391 Non Current Liabilities Total vs Selling General Administrative Analysis
688391 Stock | 31.25 1.97 5.93% |
Hi Trend financial indicator trend analysis is much more than just examining Hi Trend TechCo latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hi Trend TechCo is a good investment. Please check the relationship between Hi Trend Non Current Liabilities Total and its Selling General Administrative accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Hi Trend TechCo. 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.
Non Current Liabilities Total vs Selling General Administrative
Non Current Liabilities Total vs Selling General Administrative Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hi Trend TechCo Non Current Liabilities Total account and Selling General Administrative. At this time, the significance of the direction appears to have totally related.
The correlation between Hi Trend's Non Current Liabilities Total and Selling General Administrative is 0.99. Overlapping area represents the amount of variation of Non Current Liabilities Total that can explain the historical movement of Selling General Administrative in the same time period over historical financial statements of Hi Trend TechCo, assuming nothing else is changed. The correlation between historical values of Hi Trend's Non Current Liabilities Total and Selling General Administrative is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Liabilities Total of Hi Trend TechCo are associated (or correlated) with its Selling General Administrative. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Selling General Administrative has no effect on the direction of Non Current Liabilities Total i.e., Hi Trend's Non Current Liabilities Total and Selling General Administrative go up and down completely randomly.
Correlation Coefficient | 0.99 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Non Current Liabilities Total
Selling General Administrative
Most indicators from Hi Trend's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hi Trend TechCo 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 Hi Trend TechCo. 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 15.9 M, whereas Tax Provision is projected to grow to (11.2 M).
2021 | 2022 | 2023 | 2024 (projected) | Interest Income | 1.1M | 8.1M | 3.8M | 3.8M | Net Interest Income | 952.7K | 7.9M | 3.3M | 3.5M |
Hi Trend fundamental ratios Correlations
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Hi Trend Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Other Information on Investing in 688391 Stock
Balance Sheet is a snapshot of the financial position of Hi Trend TechCo at a specified time, usually calculated after every quarter, six months, or one year. Hi Trend Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Hi Trend 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 688391 currently owns. An asset can also be divided into two categories, current and non-current.