000408 Stock | | | 27.08 0.01 0.04% |
Zangge Holding financial indicator trend analysis is more than just analyzing Zangge Holding current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zangge Holding is a good investment. Please check the relationship between Zangge Holding Net Receivables and its Long Term Debt accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Zangge Holding 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 board of governors.
Net Receivables vs Long Term Debt
Net Receivables vs Long Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Zangge Holding Net Receivables account and
Long Term Debt. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Zangge Holding's Net Receivables and Long Term Debt is -0.29. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of Zangge Holding Co, assuming nothing else is changed. The correlation between historical values of Zangge Holding's Net Receivables and Long Term Debt 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 Zangge Holding Co are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Net Receivables i.e., Zangge Holding's Net Receivables and Long Term Debt go up and down completely randomly.
Correlation Coefficient | -0.29 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Net Receivables
Long Term Debt
Long-term debt is a debt that Zangge Holding has held for over one year. Long-term debt appears on Zangge Holding Co balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Zangge Holding Co balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.
Most indicators from Zangge Holding's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zangge Holding 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 Zangge Holding 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 board of governors.
The current year's
Selling General Administrative is expected to grow to about 161.8
M, whereas
Tax Provision is forecasted to decline to about 345.9
M.
Zangge Holding fundamental ratios Correlations
Click cells to compare fundamentals
Zangge Holding Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Zangge Holding fundamental ratios Accounts
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Other Information on Investing in Zangge Stock
Balance Sheet is a snapshot of the
financial position of Zangge Holding at a specified time, usually calculated after every quarter, six months, or one year. Zangge Holding Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Zangge Holding 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 Zangge currently owns. An asset can also be divided into two categories, current and non-current.