Sinocelltech Net Debt vs Intangible Assets Analysis
688520 Stock | 37.21 0.79 2.08% |
Sinocelltech financial indicator trend analysis is much more than just breaking down Sinocelltech Group prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sinocelltech Group is a good investment. Please check the relationship between Sinocelltech Net Debt and its Intangible Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Sinocelltech 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 nation.
Net Debt vs Intangible Assets
Net Debt vs Intangible Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sinocelltech Group Net Debt account and Intangible Assets. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Sinocelltech's Net Debt and Intangible Assets is 0.94. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Intangible Assets in the same time period over historical financial statements of Sinocelltech Group, assuming nothing else is changed. The correlation between historical values of Sinocelltech's Net Debt and Intangible Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Sinocelltech Group are associated (or correlated) with its Intangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Intangible Assets has no effect on the direction of Net Debt i.e., Sinocelltech's Net Debt and Intangible Assets go up and down completely randomly.
Correlation Coefficient | 0.94 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.Intangible Assets
Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.Most indicators from Sinocelltech's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sinocelltech Group 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 Sinocelltech 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 nation. The current year's Selling General Administrative is expected to grow to about 487.3 M
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 33.7M | 84.5M | 111.5M | 56.9M | Interest Income | 4.7M | 3.6M | 7.0M | 4.2M |
Sinocelltech fundamental ratios Correlations
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Sinocelltech Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Currently Active Assets on Macroaxis
Other Information on Investing in Sinocelltech Stock
Balance Sheet is a snapshot of the financial position of Sinocelltech Group at a specified time, usually calculated after every quarter, six months, or one year. Sinocelltech Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Sinocelltech 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 Sinocelltech currently owns. An asset can also be divided into two categories, current and non-current.