600597 Stock | | | 8.74 0.21 2.35% |
Bright Dairy financial indicator trend analysis is way more than just evaluating Bright Dairy Food prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Bright Dairy Food is a good investment. Please check the relationship between Bright Dairy Long Term Debt and its Deferred Long Term Liab accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Bright Dairy Food. 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.
Long Term Debt vs Deferred Long Term Liab
Long Term Debt vs Deferred Long Term Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Bright Dairy Food Long Term Debt account and
Deferred Long Term Liab. At this time, the significance of the direction appears to have weak relationship.
The correlation between Bright Dairy's Long Term Debt and Deferred Long Term Liab is 0.31. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Deferred Long Term Liab in the same time period over historical financial statements of Bright Dairy Food, assuming nothing else is changed. The correlation between historical values of Bright Dairy's Long Term Debt and Deferred Long Term Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of Bright Dairy Food are associated (or correlated) with its Deferred Long Term Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Deferred Long Term Liab has no effect on the direction of Long Term Debt i.e., Bright Dairy's Long Term Debt and Deferred Long Term Liab go up and down completely randomly.
Correlation Coefficient | 0.31 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Long Term Debt
Long-term debt is a debt that Bright Dairy Food has held for over one year. Long-term debt appears on Bright Dairy Food 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 Bright Dairy Food 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.
Deferred Long Term Liab
Liabilities that are due after more than one year, including deferred tax liabilities and deferred revenue.
Most indicators from Bright Dairy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Bright Dairy Food 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 Bright Dairy Food. 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 23, 2024,
Selling General Administrative is expected to decline to about 1.8
B. The current year's
Tax Provision is expected to grow to about (13.5
M)
Bright Dairy fundamental ratios Correlations
Click cells to compare fundamentals
Bright Dairy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Bright Dairy fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Bright Stock
Balance Sheet is a snapshot of the
financial position of Bright Dairy Food at a specified time, usually calculated after every quarter, six months, or one year. Bright Dairy Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Bright Dairy 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 Bright currently owns. An asset can also be divided into two categories, current and non-current.