| 688776 Stock | | | 59.97 1.23 2.09% |
Guoguang Electric financial indicator trend analysis is much more than just examining Guoguang Electric latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Guoguang Electric is a good investment. Please check the relationship between Guoguang Electric Cash and its Total Liab accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Guoguang Electric 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.
Cash vs Total Liab
Cash vs Total Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Guoguang Electric Cash account and
Total Liab. At this time, the significance of the direction appears to have strong relationship.
The correlation between Guoguang Electric's Cash and Total Liab is 0.74. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Total Liab in the same time period over historical financial statements of Guoguang Electric Co, assuming nothing else is changed. The correlation between historical values of Guoguang Electric's Cash and Total Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of Guoguang Electric Co are associated (or correlated) with its Total Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Liab has no effect on the direction of Cash i.e., Guoguang Electric's Cash and Total Liab go up and down completely randomly.
Correlation Coefficient | 0.74 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Cash
Cash refers to the most liquid asset of Guoguang Electric, which is listed under current asset account on Guoguang Electric Co balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Guoguang Electric customers. The amounts must be unrestricted with restricted cash listed in a different Guoguang Electric account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.
Most indicators from Guoguang Electric's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Guoguang Electric 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 Guoguang Electric 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.
The current year's
Tax Provision is expected to grow to about 17.3
M, whereas
Selling General Administrative is forecasted to decline to about 19.2
M.
Guoguang Electric fundamental ratios Correlations
Click cells to compare fundamentals
Guoguang Electric Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Guoguang Electric fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Guoguang Stock
Balance Sheet is a snapshot of the
financial position of Guoguang Electric at a specified time, usually calculated after every quarter, six months, or one year. Guoguang Electric Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Guoguang Electric 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 Guoguang currently owns. An asset can also be divided into two categories, current and non-current.