600512 Stock | | | 2.51 0.06 2.33% |
Tengda Construction financial indicator trend analysis is much more than just breaking down Tengda Construction prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tengda Construction is a good investment. Please check the relationship between Tengda Construction Other Current Liab and its Non Current Liabilities Total accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Tengda Construction Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Tengda Construction Other Current Liab account and
Non Current Liabilities Total. At this time, the significance of the direction appears to have no relationship.
The correlation between Tengda Construction's Other Current Liab and Non Current Liabilities Total is 0.05. Overlapping area represents the amount of variation of Other Current Liab that can explain the historical movement of Non Current Liabilities Total in the same time period over historical financial statements of Tengda Construction Group, assuming nothing else is changed. The correlation between historical values of Tengda Construction's Other Current Liab and Non Current Liabilities Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Liab of Tengda Construction Group are associated (or correlated) with its Non Current Liabilities Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Total has no effect on the direction of Other Current Liab i.e., Tengda Construction's Other Current Liab and Non Current Liabilities Total go up and down completely randomly.
Correlation Coefficient | 0.05 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Most indicators from Tengda Construction's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tengda Construction 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 Tengda Construction Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
As of December 4, 2024,
Selling General Administrative is expected to decline to about 72.5
M. In addition to that,
Tax Provision is expected to decline to about 1.1
MBalance Sheet is a snapshot of the
financial position of Tengda Construction at a specified time, usually calculated after every quarter, six months, or one year. Tengda Construction Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Tengda Construction 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 Tengda currently owns. An asset can also be divided into two categories, current and non-current.