Zhonghong Property Plant And Equipment Gross vs Cash Analysis
300981 Stock | 13.86 0.73 5.00% |
Zhonghong Pulin financial indicator trend analysis is more than just analyzing Zhonghong Pulin Medical current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zhonghong Pulin Medical is a good investment. Please check the relationship between Zhonghong Pulin Property Plant And Equipment Gross and its Cash accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Zhonghong Pulin Medical. 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.
Property Plant And Equipment Gross vs Cash
Property Plant And Equipment Gross vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zhonghong Pulin Medical Property Plant And Equipment Gross account and Cash. At this time, the significance of the direction appears to have strong relationship.
The correlation between Zhonghong Pulin's Property Plant And Equipment Gross and Cash is 0.63. Overlapping area represents the amount of variation of Property Plant And Equipment Gross that can explain the historical movement of Cash in the same time period over historical financial statements of Zhonghong Pulin Medical, assuming nothing else is changed. The correlation between historical values of Zhonghong Pulin's Property Plant And Equipment Gross 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 Property Plant And Equipment Gross of Zhonghong Pulin Medical 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 Property Plant And Equipment Gross i.e., Zhonghong Pulin's Property Plant And Equipment Gross and Cash go up and down completely randomly.
Correlation Coefficient | 0.63 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Property Plant And Equipment Gross
Cash
Cash refers to the most liquid asset of Zhonghong Pulin Medical, which is listed under current asset account on Zhonghong Pulin Medical balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Zhonghong Pulin customers. The amounts must be unrestricted with restricted cash listed in a different Zhonghong Pulin 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 Zhonghong Pulin's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zhonghong Pulin Medical 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 Zhonghong Pulin Medical. 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 (9.5 M). In addition to that, Selling General Administrative is expected to decline to about 83.2 M
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 1.6M | 1.7M | 15.4M | 21.9M | Interest Income | 18.4M | 28.7M | 44.7M | 46.9M |
Zhonghong Pulin fundamental ratios Correlations
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Zhonghong Pulin Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Balance Sheet is a snapshot of the financial position of Zhonghong Pulin Medical at a specified time, usually calculated after every quarter, six months, or one year. Zhonghong Pulin Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Zhonghong Pulin 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 Zhonghong currently owns. An asset can also be divided into two categories, current and non-current.