| 600130 Stock | | | 4.93 0.04 0.82% |
Ningbo Bird financial indicator trend analysis is infinitely more than just investigating Ningbo Bird recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ningbo Bird is a good investment. Please check the relationship between Ningbo Bird Short Term Investments and its Long Term Debt accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Ningbo Bird 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 nation.
Short Term Investments vs Long Term Debt
Short Term Investments vs Long Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Ningbo Bird Short Term Investments account and
Long Term Debt. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Ningbo Bird's Short Term Investments and Long Term Debt is -0.44. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of Ningbo Bird Co, assuming nothing else is changed. The correlation between historical values of Ningbo Bird's Short Term Investments 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 Short Term Investments of Ningbo Bird 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 Short Term Investments i.e., Ningbo Bird's Short Term Investments and Long Term Debt go up and down completely randomly.
Correlation Coefficient | -0.44 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Short Term Investments
Short Term Investments is an item under the current assets section of Ningbo Bird balance sheet. It contains any investments Ningbo Bird Co undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Ningbo Bird can easily liquidate in the marketplace.
Long Term Debt
Long-term debt is a debt that Ningbo Bird has held for over one year. Long-term debt appears on Ningbo Bird 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 Ningbo Bird 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 Ningbo Bird's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ningbo Bird 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 Ningbo Bird 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 nation.
As of December 29, 2024,
Selling General Administrative is expected to decline to about 8.2
M. In addition to that,
Tax Provision is expected to decline to about 1
MNingbo Bird fundamental ratios Correlations
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Ningbo Bird Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Ningbo Bird fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Ningbo Stock
Balance Sheet is a snapshot of the
financial position of Ningbo Bird at a specified time, usually calculated after every quarter, six months, or one year. Ningbo Bird Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Ningbo Bird 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 Ningbo currently owns. An asset can also be divided into two categories, current and non-current.