China Total Current Liabilities vs Common Stock Shares Outstanding Analysis
601728 Stock | 6.47 0.03 0.47% |
China Telecom financial indicator trend analysis is way more than just evaluating China Telecom Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether China Telecom Corp is a good investment. Please check the relationship between China Telecom Total Current Liabilities and its Common Stock Shares Outstanding accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in China Telecom Corp. 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 Common Stock Shares Outstanding
Total Current Liabilities vs Common Stock Shares Outstanding Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of China Telecom Corp Total Current Liabilities account and Common Stock Shares Outstanding. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between China Telecom's Total Current Liabilities and Common Stock Shares Outstanding is 0.57. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Common Stock Shares Outstanding in the same time period over historical financial statements of China Telecom Corp, assuming nothing else is changed. The correlation between historical values of China Telecom's Total Current Liabilities and Common Stock Shares Outstanding 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 China Telecom Corp are associated (or correlated) with its Common Stock Shares Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Shares Outstanding has no effect on the direction of Total Current Liabilities i.e., China Telecom's Total Current Liabilities and Common Stock Shares Outstanding go up and down completely randomly.
Correlation Coefficient | 0.57 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Total Current Liabilities
Total Current Liabilities is an item on China Telecom balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of China Telecom Corp 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.Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.Most indicators from China Telecom's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into China Telecom Corp 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 China Telecom Corp. 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 Selling General Administrative is expected to grow to about 72.6 B, whereas Tax Provision is forecasted to decline to about 8.2 B.
2021 | 2022 | 2023 | 2024 (projected) | Other Operating Expenses | 408.6B | 448.0B | 515.2B | 263.6B | Total Revenue | 439.6B | 481.4B | 513.6B | 307.5B |
China Telecom fundamental ratios Correlations
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China Telecom Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Other Information on Investing in China Stock
Balance Sheet is a snapshot of the financial position of China Telecom Corp at a specified time, usually calculated after every quarter, six months, or one year. China Telecom Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of China Telecom 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 China currently owns. An asset can also be divided into two categories, current and non-current.