Xiangyu Total Current Liabilities vs Non Current Liabilities Total Analysis

688626 Stock   31.72  0.23  0.73%   
Xiangyu Medical financial indicator trend analysis is more than just analyzing Xiangyu Medical current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Xiangyu Medical is a good investment. Please check the relationship between Xiangyu Medical Total Current Liabilities and its Non Current Liabilities Total accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Xiangyu Medical Co. 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.

Total Current Liabilities vs Non Current Liabilities Total

Total Current Liabilities vs Non Current Liabilities Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Xiangyu Medical Total Current Liabilities account and Non Current Liabilities Total. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Xiangyu Medical's Total Current Liabilities and Non Current Liabilities Total is 0.95. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Non Current Liabilities Total in the same time period over historical financial statements of Xiangyu Medical Co, assuming nothing else is changed. The correlation between historical values of Xiangyu Medical's Total Current Liabilities 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 Total Current Liabilities of Xiangyu Medical Co 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 Total Current Liabilities i.e., Xiangyu Medical's Total Current Liabilities and Non Current Liabilities Total go up and down completely randomly.

Correlation Coefficient

0.95
Relationship DirectionPositive 
Relationship StrengthVery Strong

Total Current Liabilities

Total Current Liabilities is an item on Xiangyu Medical balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Xiangyu Medical Co 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.

Non Current Liabilities Total

Most indicators from Xiangyu Medical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Xiangyu 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 Xiangyu Medical Co. 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.
As of November 29, 2024, Tax Provision is expected to decline to about 15 M. In addition to that, Selling General Administrative is expected to decline to about 143 M
 2021 2022 2023 2024 (projected)
Net Interest Income24.0M26.6M29.8M21.5M
Tax Provision23.2M9.7M15.7M15.0M

Xiangyu Medical fundamental ratios Correlations

-0.830.91.00.970.880.950.840.230.940.980.930.90.870.921.00.940.980.890.990.840.85-0.96-0.64-0.54
-0.83-0.74-0.84-0.89-0.59-0.89-0.71-0.2-0.89-0.77-0.73-0.61-0.71-0.75-0.85-0.81-0.77-0.77-0.81-0.61-0.610.790.520.48
0.9-0.740.870.930.960.760.860.390.840.890.950.960.931.00.880.750.890.650.840.920.93-0.79-0.7-0.58
1.0-0.840.870.960.850.960.820.20.930.980.910.870.840.891.00.950.980.911.00.810.82-0.97-0.62-0.52
0.97-0.890.930.960.870.90.880.350.970.960.960.890.890.940.970.860.960.790.940.890.89-0.88-0.71-0.59
0.88-0.590.960.850.870.710.820.340.770.890.940.990.890.970.860.730.890.640.840.930.93-0.79-0.67-0.52
0.95-0.890.760.960.90.710.730.070.890.90.790.730.750.770.960.980.90.970.970.650.65-0.97-0.5-0.47
0.84-0.710.860.820.880.820.730.710.860.880.90.870.980.880.820.670.880.590.790.90.9-0.74-0.95-0.9
0.23-0.20.390.20.350.340.070.710.410.360.470.420.610.410.2-0.040.36-0.130.140.60.6-0.06-0.89-0.85
0.94-0.890.840.930.970.770.890.860.410.950.920.810.840.870.940.810.950.750.910.860.86-0.84-0.74-0.61
0.98-0.770.890.980.960.890.90.880.360.950.960.920.890.920.980.881.00.820.970.90.91-0.92-0.74-0.61
0.93-0.730.950.910.960.940.790.90.470.920.960.960.920.970.920.750.960.660.890.980.98-0.81-0.79-0.62
0.9-0.610.960.870.890.990.730.870.420.810.920.960.930.970.870.740.920.650.860.950.95-0.81-0.74-0.61
0.87-0.710.930.840.890.890.750.980.610.840.890.920.930.930.850.720.890.630.820.910.91-0.79-0.89-0.84
0.92-0.751.00.890.940.970.770.880.410.870.920.970.970.930.890.750.920.660.860.940.95-0.8-0.73-0.59
1.0-0.850.881.00.970.860.960.820.20.940.980.920.870.850.890.950.980.911.00.820.82-0.97-0.62-0.53
0.94-0.810.750.950.860.730.980.67-0.040.810.880.750.740.720.750.950.880.990.970.610.62-0.99-0.42-0.4
0.98-0.770.890.980.960.890.90.880.360.951.00.960.920.890.920.980.880.820.970.90.91-0.92-0.74-0.61
0.89-0.770.650.910.790.640.970.59-0.130.750.820.660.650.630.660.910.990.820.930.50.51-0.97-0.33-0.33
0.99-0.810.841.00.940.840.970.790.140.910.970.890.860.820.861.00.970.970.930.780.79-0.98-0.58-0.49
0.84-0.610.920.810.890.930.650.90.60.860.90.980.950.910.940.820.610.90.50.781.0-0.68-0.84-0.66
0.85-0.610.930.820.890.930.650.90.60.860.910.980.950.910.950.820.620.910.510.791.0-0.69-0.85-0.67
-0.960.79-0.79-0.97-0.88-0.79-0.97-0.74-0.06-0.84-0.92-0.81-0.81-0.79-0.8-0.97-0.99-0.92-0.97-0.98-0.68-0.690.510.48
-0.640.52-0.7-0.62-0.71-0.67-0.5-0.95-0.89-0.74-0.74-0.79-0.74-0.89-0.73-0.62-0.42-0.74-0.33-0.58-0.84-0.850.510.94
-0.540.48-0.58-0.52-0.59-0.52-0.47-0.9-0.85-0.61-0.61-0.62-0.61-0.84-0.59-0.53-0.4-0.61-0.33-0.49-0.66-0.670.480.94
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Other Information on Investing in Xiangyu Stock

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