Hangzhou Net Receivables vs Total Current Liabilities Analysis

688616 Stock   11.85  0.07  0.59%   
Hangzhou Xili financial indicator trend analysis is much more than just examining Hangzhou Xili Intelligent latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hangzhou Xili Intelligent is a good investment. Please check the relationship between Hangzhou Xili Net Receivables and its Total Current Liabilities accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Hangzhou Xili Intelligent. 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.

Net Receivables vs Total Current Liabilities

Net Receivables vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hangzhou Xili Intelligent Net Receivables account and Total Current Liabilities. At this time, the significance of the direction appears to have weak relationship.
The correlation between Hangzhou Xili's Net Receivables and Total Current Liabilities is 0.33. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Hangzhou Xili Intelligent, assuming nothing else is changed. The correlation between historical values of Hangzhou Xili's Net Receivables 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 Net Receivables of Hangzhou Xili Intelligent 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 Net Receivables i.e., Hangzhou Xili's Net Receivables and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.33
Relationship DirectionPositive 
Relationship StrengthVery Weak

Net Receivables

Total Current Liabilities

Total Current Liabilities is an item on Hangzhou Xili balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Hangzhou Xili Intelligent 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 Hangzhou Xili's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hangzhou Xili Intelligent 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 Hangzhou Xili Intelligent. 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 December 12, 2024, Tax Provision is expected to decline to about 10.6 M. In addition to that, Selling General Administrative is expected to decline to about 35.8 M
 2021 2022 2023 2024 (projected)
Net Interest Income2.3M2.3M4.1M2.2M
Tax Provision7.3M7.1M13.1M10.6M

Hangzhou Xili fundamental ratios Correlations

-0.96-0.541.00.97-0.370.950.990.830.89-0.190.980.5-0.770.620.26-0.731.00.960.970.95-0.650.950.95-0.99-0.58
-0.960.61-0.95-0.970.57-0.96-0.96-0.87-0.950.45-0.96-0.680.57-0.56-0.430.71-0.96-0.9-0.89-0.910.67-0.86-0.860.930.56
-0.540.61-0.55-0.580.49-0.67-0.5-0.84-0.520.33-0.59-0.140.34-0.27-0.080.94-0.56-0.59-0.58-0.620.79-0.44-0.460.60.85
1.0-0.95-0.550.97-0.410.960.980.830.9-0.210.990.49-0.780.610.26-0.741.00.960.980.96-0.610.940.94-0.98-0.56
0.97-0.97-0.580.97-0.50.940.990.90.95-0.320.990.56-0.650.450.24-0.710.980.880.960.89-0.630.930.93-0.93-0.6
-0.370.570.49-0.41-0.5-0.59-0.4-0.52-0.710.92-0.48-0.73-0.090.0-0.630.36-0.43-0.3-0.36-0.430.08-0.16-0.160.330.08
0.95-0.96-0.670.960.94-0.590.920.850.91-0.390.970.56-0.690.620.42-0.80.970.940.930.98-0.60.830.82-0.96-0.55
0.99-0.96-0.50.980.99-0.40.920.850.93-0.230.980.54-0.690.50.21-0.660.980.890.960.89-0.610.960.96-0.94-0.57
0.83-0.87-0.840.830.9-0.520.850.850.83-0.350.870.38-0.490.270.06-0.870.850.750.840.77-0.810.80.82-0.81-0.85
0.89-0.95-0.520.90.95-0.710.910.930.83-0.570.930.75-0.450.350.43-0.590.910.770.850.82-0.470.80.8-0.83-0.42
-0.190.450.33-0.21-0.320.92-0.39-0.23-0.35-0.57-0.27-0.83-0.380.05-0.740.13-0.24-0.11-0.11-0.210.050.020.020.13-0.05
0.98-0.96-0.590.990.99-0.480.970.980.870.93-0.270.51-0.730.520.24-0.750.990.920.980.94-0.60.930.93-0.96-0.58
0.5-0.68-0.140.490.56-0.730.560.540.380.75-0.830.510.080.290.82-0.080.510.40.350.43-0.140.330.31-0.420.08
-0.770.570.34-0.78-0.65-0.09-0.69-0.69-0.49-0.45-0.38-0.730.08-0.670.090.65-0.76-0.84-0.83-0.820.41-0.78-0.780.820.46
0.62-0.56-0.270.610.450.00.620.50.270.350.050.520.29-0.670.51-0.470.60.80.530.74-0.440.50.47-0.71-0.21
0.26-0.43-0.080.260.24-0.630.420.210.060.43-0.740.240.820.090.51-0.030.280.320.110.360.040.0-0.03-0.260.31
-0.730.710.94-0.74-0.710.36-0.8-0.66-0.87-0.590.13-0.75-0.080.65-0.47-0.03-0.74-0.78-0.78-0.810.79-0.65-0.660.790.86
1.0-0.96-0.561.00.98-0.430.970.980.850.91-0.240.990.51-0.760.60.28-0.740.950.980.96-0.620.940.94-0.98-0.57
0.96-0.9-0.590.960.88-0.30.940.890.750.77-0.110.920.4-0.840.80.32-0.780.950.930.98-0.660.870.87-0.99-0.57
0.97-0.89-0.580.980.96-0.360.930.960.840.85-0.110.980.35-0.830.530.11-0.780.980.930.94-0.590.940.95-0.96-0.61
0.95-0.91-0.620.960.89-0.430.980.890.770.82-0.210.940.43-0.820.740.36-0.810.960.980.94-0.590.840.83-0.98-0.53
-0.650.670.79-0.61-0.630.08-0.6-0.61-0.81-0.470.05-0.6-0.140.41-0.440.040.79-0.62-0.66-0.59-0.59-0.66-0.670.670.92
0.95-0.86-0.440.940.93-0.160.830.960.80.80.020.930.33-0.780.50.0-0.650.940.870.940.84-0.661.0-0.92-0.64
0.95-0.86-0.460.940.93-0.160.820.960.820.80.020.930.31-0.780.47-0.03-0.660.940.870.950.83-0.671.0-0.92-0.66
-0.990.930.6-0.98-0.930.33-0.96-0.94-0.81-0.830.13-0.96-0.420.82-0.71-0.260.79-0.98-0.99-0.96-0.980.67-0.92-0.920.61
-0.580.560.85-0.56-0.60.08-0.55-0.57-0.85-0.42-0.05-0.580.080.46-0.210.310.86-0.57-0.57-0.61-0.530.92-0.64-0.660.61
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Other Information on Investing in Hangzhou Stock

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