Liaoning Common Stock Shares Outstanding vs Accounts Payable Analysis
| 603255 Stock | 32.21 1.07 3.44% |
Liaoning Dingjide financial indicator trend analysis is infinitely more than just investigating Liaoning Dingjide recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Liaoning Dingjide is a good investment. Please check the relationship between Liaoning Dingjide Common Stock Shares Outstanding and its Accounts Payable accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Liaoning Dingjide Petrochemical. 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.
Common Stock Shares Outstanding vs Accounts Payable
Common Stock Shares Outstanding vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Liaoning Dingjide Common Stock Shares Outstanding account and Accounts Payable. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Liaoning Dingjide's Common Stock Shares Outstanding and Accounts Payable is 0.85. Overlapping area represents the amount of variation of Common Stock Shares Outstanding that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Liaoning Dingjide Petrochemical, assuming nothing else is changed. The correlation between historical values of Liaoning Dingjide's Common Stock Shares Outstanding and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock Shares Outstanding of Liaoning Dingjide Petrochemical are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Common Stock Shares Outstanding i.e., Liaoning Dingjide's Common Stock Shares Outstanding and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 0.85 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.Accounts Payable
An accounting item on the balance sheet that represents Liaoning Dingjide obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Liaoning Dingjide are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.Most indicators from Liaoning Dingjide's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Liaoning Dingjide 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 Liaoning Dingjide Petrochemical. 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 10.7 M, whereas Selling General Administrative is forecasted to decline to about 36.1 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 7.3M | 8.4M | 6.2M | 7.4M | Interest Income | 116.0K | 3.9M | 8.1M | 8.5M |
Liaoning Dingjide fundamental ratios Correlations
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Liaoning Dingjide Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Other Information on Investing in Liaoning Stock
Balance Sheet is a snapshot of the financial position of Liaoning Dingjide at a specified time, usually calculated after every quarter, six months, or one year. Liaoning Dingjide Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Liaoning Dingjide 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 Liaoning currently owns. An asset can also be divided into two categories, current and non-current.