| 900957 Stock | | | 0.37 0.01 2.63% |
Shanghai Lingyun financial indicator trend analysis is much more than just breaking down Shanghai Lingyun Ind prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shanghai Lingyun Ind is a good investment. Please check the relationship between Shanghai Lingyun Short Long Term Debt and its Total Current Liabilities accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Shanghai Lingyun Industries. 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.
Short Long Term Debt vs Total Current Liabilities
Short Long Term Debt vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Shanghai Lingyun Ind Short Long Term Debt account and
Total Current Liabilities. At this time, the significance of the direction appears to have very week relationship.
The correlation between Shanghai Lingyun's Short Long Term Debt and Total Current Liabilities is 0.21. Overlapping area represents the amount of variation of Short Long Term Debt that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Shanghai Lingyun Industries, assuming nothing else is changed. The correlation between historical values of Shanghai Lingyun's Short Long Term Debt 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 Short Long Term Debt of Shanghai Lingyun Industries 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 Short Long Term Debt i.e., Shanghai Lingyun's Short Long Term Debt and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | 0.21 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Short Long Term Debt
The total of a company's short-term and long-term borrowings.
Total Current Liabilities
Total Current Liabilities is an item on Shanghai Lingyun balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Shanghai Lingyun Industries 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 Shanghai Lingyun's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shanghai Lingyun Ind 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 Shanghai Lingyun Industries. 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 28, 2024,
Selling General Administrative is expected to decline to about 3.5
M. In addition to that,
Tax Provision is expected to decline to about 3.3
MShanghai Lingyun fundamental ratios Correlations
Click cells to compare fundamentals
Shanghai Lingyun Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Shanghai Lingyun fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Shanghai Stock
Balance Sheet is a snapshot of the
financial position of Shanghai Lingyun Ind at a specified time, usually calculated after every quarter, six months, or one year. Shanghai Lingyun Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Shanghai Lingyun 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 Shanghai currently owns. An asset can also be divided into two categories, current and non-current.