Shaanxi Total Current Liabilities vs Cash Analysis
| 001299 Stock | 12.31 0.10 0.82% |
Shaanxi Meineng financial indicator trend analysis is much more than just breaking down Shaanxi Meineng Clean prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shaanxi Meineng Clean is a good investment. Please check the relationship between Shaanxi Meineng Total Current Liabilities and its Cash accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Shaanxi Meineng Clean. 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 Cash
Total Current Liabilities vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shaanxi Meineng Clean Total Current Liabilities account and Cash. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Shaanxi Meineng's Total Current Liabilities and Cash is 0.92. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Cash in the same time period over historical financial statements of Shaanxi Meineng Clean, assuming nothing else is changed. The correlation between historical values of Shaanxi Meineng's Total Current Liabilities and Cash 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 Shaanxi Meineng Clean are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Total Current Liabilities i.e., Shaanxi Meineng's Total Current Liabilities and Cash go up and down completely randomly.
Correlation Coefficient | 0.92 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Total Current Liabilities
Total Current Liabilities is an item on Shaanxi Meineng balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Shaanxi Meineng Clean 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.Cash
Cash refers to the most liquid asset of Shaanxi Meineng Clean, which is listed under current asset account on Shaanxi Meineng Clean balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Shaanxi Meineng customers. The amounts must be unrestricted with restricted cash listed in a different Shaanxi Meineng 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.Most indicators from Shaanxi Meineng's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shaanxi Meineng Clean 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 Shaanxi Meineng Clean. 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 December 27, 2024, Tax Provision is expected to decline to about 18.8 M. In addition to that, Selling General Administrative is expected to decline to about 15.8 M
| 2021 | 2022 | 2023 | 2024 (projected) | Net Interest Income | 5.5M | 7.8M | 9.0M | 5.2M | Tax Provision | 16.5M | 18.2M | 20.9M | 18.8M |
Shaanxi Meineng fundamental ratios Correlations
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Shaanxi Meineng Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Shaanxi Stock
Balance Sheet is a snapshot of the financial position of Shaanxi Meineng Clean at a specified time, usually calculated after every quarter, six months, or one year. Shaanxi Meineng Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Shaanxi Meineng 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 Shaanxi currently owns. An asset can also be divided into two categories, current and non-current.