Zoomlion Intangible Assets vs Short Term Debt Analysis

000157 Stock   7.21  0.02  0.28%   
Zoomlion Heavy financial indicator trend analysis is more than just analyzing Zoomlion Heavy Industry current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zoomlion Heavy Industry is a good investment. Please check the relationship between Zoomlion Heavy Intangible Assets and its Short Term Debt accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Zoomlion Heavy Industry. 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.

Intangible Assets vs Short Term Debt

Intangible Assets vs Short Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zoomlion Heavy Industry Intangible Assets account and Short Term Debt. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Zoomlion Heavy's Intangible Assets and Short Term Debt is -0.16. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Short Term Debt in the same time period over historical financial statements of Zoomlion Heavy Industry, assuming nothing else is changed. The correlation between historical values of Zoomlion Heavy's Intangible Assets and Short Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Intangible Assets of Zoomlion Heavy Industry are associated (or correlated) with its Short Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Debt has no effect on the direction of Intangible Assets i.e., Zoomlion Heavy's Intangible Assets and Short Term Debt go up and down completely randomly.

Correlation Coefficient

-0.16
Relationship DirectionNegative 
Relationship StrengthInsignificant

Intangible Assets

Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.

Short Term Debt

Most indicators from Zoomlion Heavy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zoomlion Heavy Industry 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 Zoomlion Heavy Industry. 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 563.8 M, whereas Selling General Administrative is forecasted to decline to about 3 B.
 2023 2024 (projected)
Discontinued Operations679.9M604.4M
Research Development3.4B3.6B

Zoomlion Heavy fundamental ratios Correlations

0.670.790.990.550.970.840.540.580.640.60.250.990.910.780.750.440.90.290.58-0.48-0.470.57-0.110.22-0.1
0.670.640.730.460.710.70.740.810.40.36-0.050.610.650.560.41-0.090.490.130.46-0.14-0.350.28-0.320.47-0.13
0.790.640.770.860.760.770.410.570.370.840.370.780.650.860.880.090.770.340.66-0.63-0.650.65-0.220.460.15
0.990.730.770.540.960.820.620.610.630.560.250.960.930.780.730.360.880.240.6-0.42-0.410.51-0.120.26-0.15
0.550.460.860.540.530.710.150.470.020.820.470.530.330.630.79-0.180.520.150.84-0.68-0.780.67-0.40.55-0.05
0.970.710.760.960.530.880.510.570.710.530.190.960.880.720.710.410.810.30.55-0.47-0.510.56-0.250.29-0.18
0.840.70.770.820.710.880.380.720.440.510.10.830.660.560.620.080.620.210.69-0.54-0.740.61-0.470.49-0.32
0.540.740.410.620.150.510.380.640.390.28-0.130.480.690.510.330.110.45-0.240.240.270.14-0.220.00.34-0.1
0.580.810.570.610.470.570.720.640.160.37-0.10.550.540.50.32-0.080.47-0.030.4-0.08-0.490.24-0.330.36-0.21
0.640.40.370.630.020.710.440.390.160.24-0.20.650.770.520.480.650.510.11-0.02-0.23-0.050.06-0.170.11-0.15
0.60.360.840.560.820.530.510.280.370.240.480.610.510.840.930.260.7-0.010.59-0.53-0.540.45-0.280.370.06
0.25-0.050.370.250.470.190.1-0.13-0.1-0.20.480.240.160.460.490.170.470.230.37-0.39-0.270.550.01-0.210.05
0.990.610.780.960.530.960.830.480.550.650.610.240.890.770.740.50.890.320.54-0.51-0.490.59-0.10.19-0.06
0.910.650.650.930.330.880.660.690.540.770.510.160.890.810.680.540.870.120.34-0.31-0.190.28-0.080.14-0.16
0.780.560.860.780.630.720.560.510.50.520.840.460.770.810.90.420.890.180.4-0.46-0.390.44-0.120.170.11
0.750.410.880.730.790.710.620.330.320.480.930.490.740.680.90.360.80.090.61-0.61-0.520.5-0.270.35-0.02
0.44-0.090.090.36-0.180.410.080.11-0.080.650.260.170.50.540.420.360.5-0.02-0.23-0.080.090.010.03-0.34-0.07
0.90.490.770.880.520.810.620.450.470.510.70.470.890.870.890.80.50.280.43-0.51-0.390.550.05-0.050.02
0.290.130.340.240.150.30.21-0.24-0.030.11-0.010.230.320.120.180.09-0.020.280.1-0.47-0.260.710.35-0.110.62
0.580.460.660.60.840.550.690.240.4-0.020.590.370.540.340.40.61-0.230.430.1-0.48-0.580.59-0.220.59-0.12
-0.48-0.14-0.63-0.42-0.68-0.47-0.540.27-0.08-0.23-0.53-0.39-0.51-0.31-0.46-0.61-0.08-0.51-0.47-0.480.64-0.790.2-0.14-0.04
-0.47-0.35-0.65-0.41-0.78-0.51-0.740.14-0.49-0.05-0.54-0.27-0.49-0.19-0.39-0.520.09-0.39-0.26-0.580.64-0.770.47-0.240.19
0.570.280.650.510.670.560.61-0.220.240.060.450.550.590.280.440.50.010.550.710.59-0.79-0.77-0.060.040.17
-0.11-0.32-0.22-0.12-0.4-0.25-0.470.0-0.33-0.17-0.280.01-0.1-0.08-0.12-0.270.030.050.35-0.220.20.47-0.06-0.520.66
0.220.470.460.260.550.290.490.340.360.110.37-0.210.190.140.170.35-0.34-0.05-0.110.59-0.14-0.240.04-0.52-0.06
-0.1-0.130.15-0.15-0.05-0.18-0.32-0.1-0.21-0.150.060.05-0.06-0.160.11-0.02-0.070.020.62-0.12-0.040.190.170.66-0.06
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Zoomlion Heavy Account Relationship Matchups

Zoomlion Heavy fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets92.1B116.3B122.0B123.6B130.9B65.8B
Other Current Liab7.0B9.5B13.0B6.3B9.7B5.3B
Total Current Liabilities34.6B46.9B49.7B48.4B50.0B52.5B
Total Stockholder Equity38.9B46.7B56.9B54.7B56.4B28.3B
Other Liab1.4B3.1B4.8B5.8B6.7B7.0B
Retained Earnings21.0B26.5B30.0B24.9B25.7B13.5B
Accounts Payable19.1B32.6B29.9B26.5B23.1B12.0B
Cash6.6B12.5B15.2B15.5B15.9B9.9B
Other Assets5.0B9.1B14.5B9.0B10.4B5.9B
Net Receivables37.5B32.7B50.7B27.9B24.6B22.5B
Inventory11.8B14.7B13.5B14.2B22.5B23.6B
Other Current Assets2.4B2.3B2.2B7.4B8.0B8.4B
Total Liab52.5B68.4B63.7B66.6B71.7B36.9B
Intangible Assets4.1B4.6B5.5B5.3B5.1B3.3B
Common Stock7.8B7.9B7.9B8.7B10.0B10.5B
Property Plant Equipment6.1B7.1B7.8B9.7B11.2B11.8B
Long Term Debt15.0B16.3B7.9B11.0B14.9B10.8B
Good Will2.1B2.1B1.9B2.6B2.7B1.9B
Short Term Investments4.3B4.3B6.4B4.0B1.8B1.7B
Net Tangible Assets32.1B32.8B40.1B49.5B56.9B39.1B
Other Stockholder Equity(1.2B)(1.2B)(1.2B)(1.4B)(1.2B)(1.3B)
Deferred Long Term Liab100.2M28.4M30.9M60.6M54.5M61.0M
Short Long Term Debt5.0B3.0B3.3B6.2B5.7B4.2B
Total Current Assets63.2B81.2B89.3B73.6B78.0B80.8B
Non Current Assets Total28.9B35.0B32.8B50.0B52.9B36.3B
Non Currrent Assets Other937.3K1.0M445.4M304.5M830.8M872.4M
Non Current Liabilities Total18.0B21.4B14.0B18.2B21.7B15.3B
Non Current Liabilities Other1.5B2.4B3.6B3.1B2.7B3.3B
Net Debt11.9B13.0B6.8B1.7B4.7B7.3B
Common Stock Shares Outstanding7.8B7.9B7.9B8.7B10.0B9.0B
Net Invested Capital58.4B66.0B68.1B71.9B77.0B72.9B
Net Working Capital28.6B34.3B39.6B25.2B28.0B25.6B

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Other Information on Investing in Zoomlion Stock

Balance Sheet is a snapshot of the financial position of Zoomlion Heavy Industry at a specified time, usually calculated after every quarter, six months, or one year. Zoomlion Heavy Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Zoomlion Heavy 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 Zoomlion currently owns. An asset can also be divided into two categories, current and non-current.