605368 Stock | | | 11.31 0.10 0.89% |
Henan Lantian financial indicator trend analysis is much more than just examining Henan Lantian Gas latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Henan Lantian Gas is a good investment. Please check the relationship between Henan Lantian Depreciation And Amortization and its Non Current Liabilities Total accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Henan Lantian Gas. 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.
Depreciation And Amortization vs Non Current Liabilities Total
Depreciation And Amortization vs Non Current Liabilities Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Henan Lantian Gas Depreciation And Amortization account and
Non Current Liabilities Total. At this time, the significance of the direction appears to have very week relationship.
The correlation between Henan Lantian's Depreciation And Amortization and Non Current Liabilities Total is 0.27. Overlapping area represents the amount of variation of Depreciation And Amortization that can explain the historical movement of Non Current Liabilities Total in the same time period over historical financial statements of Henan Lantian Gas, assuming nothing else is changed. The correlation between historical values of Henan Lantian's Depreciation And Amortization 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 Depreciation And Amortization of Henan Lantian Gas 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 Depreciation And Amortization i.e., Henan Lantian's Depreciation And Amortization and Non Current Liabilities Total go up and down completely randomly.
Correlation Coefficient | 0.27 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Depreciation And Amortization
The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.
Non Current Liabilities Total
Most indicators from Henan Lantian's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Henan Lantian Gas 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 Henan Lantian Gas. 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 85.7
M, whereas
Tax Provision is forecasted to decline to about 157.2
M.
Henan Lantian fundamental ratios Correlations
Click cells to compare fundamentals
Henan Lantian Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Henan Lantian fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Henan Stock
Balance Sheet is a snapshot of the
financial position of Henan Lantian Gas at a specified time, usually calculated after every quarter, six months, or one year. Henan Lantian Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Henan Lantian 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 Henan currently owns. An asset can also be divided into two categories, current and non-current.