| 600346 Stock | | | 15.19 0.06 0.39% |
Hengli Petrochemical financial indicator trend analysis is much more than just examining Hengli Petrochemical latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hengli Petrochemical is a good investment. Please check the relationship between Hengli Petrochemical Total Current Liabilities and its Total Stockholder Equity accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Hengli Petrochemical 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.
Total Current Liabilities vs Total Stockholder Equity
Total Current Liabilities vs Total Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Hengli Petrochemical Total Current Liabilities account and
Total Stockholder Equity. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Hengli Petrochemical's Total Current Liabilities and Total Stockholder Equity is 0.98. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of Hengli Petrochemical Co, assuming nothing else is changed. The correlation between historical values of Hengli Petrochemical's Total Current Liabilities and Total Stockholder Equity 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 Hengli Petrochemical Co are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Total Current Liabilities i.e., Hengli Petrochemical's Total Current Liabilities and Total Stockholder Equity go up and down completely randomly.
Correlation Coefficient | 0.98 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Total Current Liabilities
Total Current Liabilities is an item on Hengli Petrochemical balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Hengli Petrochemical Co 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.
Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.
Most indicators from Hengli Petrochemical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hengli Petrochemical 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 Hengli Petrochemical 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.
The current year's
Tax Provision is expected to grow to about 2.1
B, whereas
Selling General Administrative is forecasted to decline to about 431.8
M.
Hengli Petrochemical fundamental ratios Correlations
Click cells to compare fundamentals
Hengli Petrochemical Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Hengli Petrochemical fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Hengli Stock
Balance Sheet is a snapshot of the
financial position of Hengli Petrochemical at a specified time, usually calculated after every quarter, six months, or one year. Hengli Petrochemical Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Hengli Petrochemical 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 Hengli currently owns. An asset can also be divided into two categories, current and non-current.