| 688607 Stock | | | 15.64 0.49 3.23% |
CareRay Digital financial indicator trend analysis is way more than just evaluating CareRay Digital Medical prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether CareRay Digital Medical is a good investment. Please check the relationship between CareRay Digital Accounts Payable and its Other Current Liab accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in CareRay Digital Medical. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Accounts Payable vs Other Current Liab
Accounts Payable vs Other Current Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
CareRay Digital Medical Accounts Payable account and
Other Current Liab. At this time, the significance of the direction appears to have pay attention.
The correlation between CareRay Digital's Accounts Payable and Other Current Liab is -0.83. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Other Current Liab in the same time period over historical financial statements of CareRay Digital Medical, assuming nothing else is changed. The correlation between historical values of CareRay Digital's Accounts Payable and Other Current 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 Accounts Payable of CareRay Digital Medical are associated (or correlated) with its Other Current Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Liab has no effect on the direction of Accounts Payable i.e., CareRay Digital's Accounts Payable and Other Current Liab go up and down completely randomly.
Correlation Coefficient | -0.83 |
| Relationship Direction | Negative |
| Relationship Strength | Significant |
Accounts Payable
An accounting item on the balance sheet that represents CareRay Digital 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 CareRay Digital Medical 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.
Other Current Liab
Most indicators from CareRay Digital's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into CareRay Digital Medical 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 CareRay Digital Medical. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
The current year's
Selling General Administrative is expected to grow to about 40.5
M, whereas
Tax Provision is projected to grow to (100.5
K).
CareRay Digital fundamental ratios Correlations
Click cells to compare fundamentals
CareRay Digital Account Relationship Matchups
High Positive Relationship
High Negative Relationship
CareRay Digital fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in CareRay Stock
Balance Sheet is a snapshot of the
financial position of CareRay Digital Medical at a specified time, usually calculated after every quarter, six months, or one year. CareRay Digital Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of CareRay Digital 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 CareRay currently owns. An asset can also be divided into two categories, current and non-current.