688613 Stock | | | 17.12 0.36 2.06% |
Allgens Medical financial indicator trend analysis is way more than just evaluating Allgens Medical Tech prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Allgens Medical Tech is a good investment. Please check the relationship between Allgens Medical Total Current Liabilities and its Selling General Administrative accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Allgens Medical Technology. 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.
Total Current Liabilities vs Selling General Administrative
Total Current Liabilities vs Selling General Administrative Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Allgens Medical Tech Total Current Liabilities account and
Selling General Administrative. At this time, the significance of the direction appears to have very week relationship.
The correlation between Allgens Medical's Total Current Liabilities and Selling General Administrative is 0.28. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Selling General Administrative in the same time period over historical financial statements of Allgens Medical Technology, assuming nothing else is changed. The correlation between historical values of Allgens Medical's Total Current Liabilities and Selling General Administrative 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 Allgens Medical Technology are associated (or correlated) with its Selling General Administrative. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Selling General Administrative has no effect on the direction of Total Current Liabilities i.e., Allgens Medical's Total Current Liabilities and Selling General Administrative go up and down completely randomly.
Correlation Coefficient | 0.28 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Total Current Liabilities
Total Current Liabilities is an item on Allgens Medical balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Allgens Medical Technology 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.
Selling General Administrative
Most indicators from Allgens Medical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Allgens Medical Tech 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 Allgens Medical Technology. 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 92.6
M, whereas
Tax Provision is projected to grow to (3.7
M).
Allgens Medical fundamental ratios Correlations
Click cells to compare fundamentals
Allgens Medical Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Allgens Medical fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Allgens Stock
Balance Sheet is a snapshot of the
financial position of Allgens Medical Tech at a specified time, usually calculated after every quarter, six months, or one year. Allgens Medical Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Allgens Medical 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 Allgens currently owns. An asset can also be divided into two categories, current and non-current.