000420 Stock | | | 3.70 0.03 0.80% |
Jilin Chemical financial indicator trend analysis is infinitely more than just investigating Jilin Chemical Fibre recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Jilin Chemical Fibre is a good investment. Please check the relationship between Jilin Chemical Accounts Payable and its Short Long Term Debt accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Jilin Chemical Fibre. 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.
Accounts Payable vs Short Long Term Debt
Accounts Payable vs Short Long Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Jilin Chemical Fibre Accounts Payable account and
Short Long Term Debt. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Jilin Chemical's Accounts Payable and Short Long Term Debt is 0.88. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Short Long Term Debt in the same time period over historical financial statements of Jilin Chemical Fibre, assuming nothing else is changed. The correlation between historical values of Jilin Chemical's Accounts Payable and Short 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 Accounts Payable of Jilin Chemical Fibre are associated (or correlated) with its Short Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Long Term Debt has no effect on the direction of Accounts Payable i.e., Jilin Chemical's Accounts Payable and Short Long Term Debt go up and down completely randomly.
Correlation Coefficient | 0.88 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Accounts Payable
An accounting item on the balance sheet that represents Jilin Chemical obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Jilin Chemical Fibre are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
Short Long Term Debt
The total of a company's short-term and long-term borrowings.
Most indicators from Jilin Chemical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Jilin Chemical Fibre 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 Jilin Chemical Fibre. 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
Selling General Administrative is expected to grow to about 94
M, whereas
Tax Provision is projected to grow to (19.2
M).
Jilin Chemical fundamental ratios Correlations
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Jilin Chemical Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Jilin Chemical fundamental ratios Accounts
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Other Information on Investing in Jilin Stock
Balance Sheet is a snapshot of the
financial position of Jilin Chemical Fibre at a specified time, usually calculated after every quarter, six months, or one year. Jilin Chemical Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Jilin Chemical 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 Jilin currently owns. An asset can also be divided into two categories, current and non-current.