CGN Intangible Assets vs Total Current Liabilities Analysis

000881 Stock   7.92  0.20  2.46%   
CGN Nuclear financial indicator trend analysis is way more than just evaluating CGN Nuclear Technology prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether CGN Nuclear Technology is a good investment. Please check the relationship between CGN Nuclear Intangible Assets and its Total Current Liabilities accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CGN Nuclear 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 nation.

Intangible Assets vs Total Current Liabilities

Intangible Assets vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of CGN Nuclear Technology Intangible Assets account and Total Current Liabilities. At this time, the significance of the direction appears to have strong relationship.
The correlation between CGN Nuclear's Intangible Assets and Total Current Liabilities is 0.7. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of CGN Nuclear Technology, assuming nothing else is changed. The correlation between historical values of CGN Nuclear's Intangible Assets and Total Current Liabilities 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 CGN Nuclear Technology are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Intangible Assets i.e., CGN Nuclear's Intangible Assets and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.7
Relationship DirectionPositive 
Relationship StrengthSignificant

Intangible Assets

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

Total Current Liabilities

Total Current Liabilities is an item on CGN Nuclear balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of CGN Nuclear 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.
Most indicators from CGN Nuclear's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into CGN Nuclear Technology 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 CGN Nuclear 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 nation.
The current year's Tax Provision is expected to grow to about 74.9 M, whereas Discontinued Operations is forecasted to decline to (43.6 K).
 2021 2022 2023 2024 (projected)
Other Operating Expenses179.8M164.2M188.9M100.6M
Gross Profit1.6B1.2B767.3M1.2B

CGN Nuclear fundamental ratios Correlations

0.96-0.280.840.830.680.340.240.580.960.550.90.910.740.870.870.780.810.460.060.440.810.870.660.37-0.17
0.96-0.50.790.850.620.28-0.030.380.840.640.960.980.740.920.940.830.860.470.140.50.880.920.720.39-0.23
-0.28-0.5-0.05-0.42-0.250.340.690.39-0.07-0.26-0.62-0.52-0.45-0.56-0.55-0.63-0.5-0.34-0.01-0.11-0.42-0.57-0.22-0.230.3
0.840.79-0.050.640.390.460.260.660.790.520.620.710.580.60.630.520.70.340.050.450.740.610.70.38-0.04
0.830.85-0.420.640.580.25-0.010.420.740.840.830.90.530.920.930.670.810.230.360.730.780.910.830.450.01
0.680.62-0.250.390.58-0.020.390.470.720.170.630.550.650.610.560.550.340.24-0.10.020.20.640.150.14-0.01
0.340.280.340.460.25-0.020.220.320.340.320.130.33-0.010.150.260.090.26-0.070.190.410.430.150.550.670.26
0.24-0.030.690.26-0.010.390.220.740.48-0.25-0.11-0.110.06-0.1-0.13-0.08-0.160.02-0.27-0.21-0.19-0.09-0.16-0.040.27
0.580.380.390.660.420.470.320.740.720.180.230.30.350.290.270.190.250.1-0.130.170.220.30.320.230.31
0.960.84-0.070.790.740.720.340.480.720.420.780.780.70.770.740.70.680.42-0.030.320.660.770.520.3-0.09
0.550.64-0.260.520.840.170.32-0.250.180.420.60.740.170.70.770.320.670.120.650.960.740.690.930.290.03
0.90.96-0.620.620.830.630.13-0.110.230.780.60.950.70.920.930.840.810.490.160.440.820.910.610.33-0.3
0.910.98-0.520.710.90.550.33-0.110.30.780.740.950.640.930.970.790.870.420.250.610.910.920.80.43-0.18
0.740.74-0.450.580.530.65-0.010.060.350.70.170.70.640.690.570.720.60.43-0.48-0.050.480.70.260.14-0.04
0.870.92-0.560.60.920.610.15-0.10.290.770.70.920.930.690.970.860.910.470.230.570.821.00.70.36-0.22
0.870.94-0.550.630.930.560.26-0.130.270.740.770.930.970.570.970.830.90.420.360.670.880.970.780.44-0.24
0.780.83-0.630.520.670.550.09-0.080.190.70.320.840.790.720.860.830.870.56-0.050.210.740.870.420.43-0.39
0.810.86-0.50.70.810.340.26-0.160.250.680.670.810.870.60.910.90.870.540.210.590.920.910.750.42-0.28
0.460.47-0.340.340.230.24-0.070.020.10.420.120.490.420.430.470.420.560.54-0.170.030.420.480.160.01-0.19
0.060.14-0.010.050.36-0.10.19-0.27-0.13-0.030.650.160.25-0.480.230.36-0.050.21-0.170.780.310.20.50.11-0.32
0.440.5-0.110.450.730.020.41-0.210.170.320.960.440.61-0.050.570.670.210.590.030.780.680.550.910.320.0
0.810.88-0.420.740.780.20.43-0.190.220.660.740.820.910.480.820.880.740.920.420.310.680.80.850.46-0.28
0.870.92-0.570.610.910.640.15-0.090.30.770.690.910.920.71.00.970.870.910.480.20.550.80.690.37-0.2
0.660.72-0.220.70.830.150.55-0.160.320.520.930.610.80.260.70.780.420.750.160.50.910.850.690.510.11
0.370.39-0.230.380.450.140.67-0.040.230.30.290.330.430.140.360.440.430.420.010.110.320.460.370.510.25
-0.17-0.230.3-0.040.01-0.010.260.270.31-0.090.03-0.3-0.18-0.04-0.22-0.24-0.39-0.28-0.19-0.320.0-0.28-0.20.110.25
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CGN Nuclear Account Relationship Matchups

CGN Nuclear fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets11.4B12.3B13.3B12.0B11.3B7.0B
Total Stockholder Equity5.7B6.0B6.1B6.3B5.6B2.9B
Other Liab110.9M136.7M434.8M340.7M306.6M399.7M
Retained Earnings1.6B1.8B1.9B2.1B1.2B921.5M
Accounts Payable1.1B1.3B1.6B1.2B1.4B1.5B
Cash1.7B1.8B1.7B1.6B1.0B1.1B
Other Assets235.6M686.1M419.3M453.1M521.1M295.7M
Long Term Debt810.1M911.7M1.1B502.3M708.7M749.9M
Inventory1.2B1.5B1.8B1.2B1.1B1.2B
Total Liab5.3B5.9B6.6B5.2B5.3B3.8B
Intangible Assets460.0M482.1M1.1B1.2B1.2B1.3B
Property Plant Equipment2.8B2.9B3.1B2.9B3.3B1.7B
Other Current Liab573.7M576.6M862.3M437.9M2.1M2.0M
Total Current Liabilities4.3B4.5B5.0B4.3B4.1B4.6B
Net Tangible Assets4.9B5.1B4.7B4.9B5.6B4.7B
Net Receivables3.6B3.6B2.2B2.0B2.0B2.2B
Good Will474.3M458.2M443.8M421.6M370.6M437.2M
Other Current Assets237.0M219.9M432.0M330.3M99.0M94.0M
Other Stockholder Equity4.0M(1.7M)(15.1M)41.3M47.5M49.9M
Deferred Long Term Liab102.4M124.0M205.5M264.5M304.2M319.4M
Total Current Assets7.5B7.8B8.3B7.2B6.4B7.7B
Non Current Assets Total3.9B4.5B5.0B4.8B4.9B4.6B
Non Currrent Assets Other15.5M454.9M48.3M46.6M135.9M105.6M
Non Current Liabilities Total921.0M1.4B1.6B961.4M1.1B1.2B
Short Long Term Debt2.1B2.3B2.2B1.7B1.7B1.8B
Non Current Liabilities Other12.8M16.1M293.9M181.1M24.7M23.5M
Net Debt791.3M1.4B1.6B642.0M1.3B1.1B
Short Term Investments687.7M566.1M458.9M341.3M289.2M274.8M
Net Invested Capital8.3B9.2B9.5B8.6B8.0B7.0B
Net Working Capital3.1B3.3B3.3B2.9B2.2B2.4B

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Other Information on Investing in CGN Stock

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